Federal Realty Investment Trust (NYSE:FRT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share increased to $1.11 in the quarter versus EPS of $0.97 in the year-earlier quarter. Revenue rose 10.06% to $156.36 million from the year-earlier quarter.
Federal Realty Investment Trust reported adjusted EPS income of $1.11 per share. By that measure, the company beat the mean analyst estimate of $1.10. It beat the average revenue estimate of $154.04 million.