Federal Realty Investment Trust (FRT), headquartered in North Bethesda, Maryland, is a self-administered real estate investment trust (REIT). Valued at $9.4 billion by market cap, the company specializes in the ownership, management, development, and redevelopment of prime community and neighborhood shopping centers. The shopping center-focused retail REIT is expected to announce its fiscal third-quarter earnings for 2024 after the market closes on Wednesday, Oct. 30.
Ahead of the event, analysts expect FRT to report a profit of $1.72 per share on a diluted basis, up 4.2% from $1.65 per share in the year-ago quarter. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
