Federal Realty Investment Trust Q1 2026 Results

Federal Realty Investment Trust reported strong first quarter 2026 results, with net income available for common shareholders at $1.81 per diluted share, a significant increase from $0.72 in Q1 2025. Operating income also saw a substantial rise to $209.0 million from $108.1 million. The company highlighted a $92.7 million gain on the sale of real estate, primarily from the Misora at Santana Row sale. Key operational achievements include a record-breaking first quarter for signed leases, totaling 649,078 square feet with strong rent growth. Funds From Operations (FFO) per diluted share increased by 10.6% year-over-year for both Nareit and Core FFO, reaching $1.88. The company reported overall portfolio occupancy at 93.8% and a leased rate of 96.1%. Federal Realty also announced the acquisition of two properties: Congressional North Shopping Center for $72.3 million and a retail parcel at Kingstowne Towne Center for $19.7 million. The company raised and tightened its 2026 guidance for both earnings per diluted share and FFO per diluted share. Federal Realty continues its track record of increasing dividends, with 58 consecutive years of increases.