06:12 PM EDT, 05/02/2024 (MT Newswires) -- Federal Realty Investment Trust ( FRT ) reported Q1 funds from operations late Thursday of $1.64 per diluted share, up from $1.59 a year earlier.

Analysts polled by Capital IQ expected $1.64.

Revenue for the quarter that ended March 31 was $291.3 million, up from $273.1 million a year earlier.

Analysts surveyed by Capital IQ expected $288.1 million.

The company now expects a full-year 2024 FFO of $6.67 to $6.87 per diluted share, versus its prior projection of $6.65 to $6.87. Analysts surveyed by Capital IQ expect $6.80.

Federal Realty maintained its quarterly cash dividend at $1.09 a share, payable July 15 to holders of record as of June 21.

Price: 105.00, Change: +0.09, Percent Change: +0.09