05:38 PM EDT, 08/01/2024 (MT Newswires) -- Federal Realty Investment Trust ( FRT ) reported Q2 funds from operations Thursday of $1.69 per diluted share, up from $1.67 a year earlier.

Analysts polled by Capital IQ expected $1.68.

Revenue for the quarter ended June 30 was $296.1 million, up from $280.7 million a year earlier.

Analysts surveyed by Capital IQ expected $292.3 million.

The company raised its full-year FFO guidance to between $6.70 and $6.88 per diluted share from $6.67 to $6.87 previously.

Analysts polled by Capital IQ expect $6.79.

Federal Realty Investment Trust ( FRT ) said its board increased its quarterly dividend to $1.10 per share from $1.09, payable on Oct. 15 to shareholders of record as of Oct. 1.

Price: 113.56, Change: +0.76, Percent Change: +0.67