-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們將FRT的12個月目標價上調13美元至141美元，相當於2026年FFO預期值的18.6倍，高於其三年平均遠期市盈率14.7倍，原因是再租賃利差持續跑贏大盤，且2026年前景強勁。我們維持2026年FFO預期值7.58美元不變，並將2027年預期值上調0.13美元至7.82美元。 FRT的再租賃業務持續強勁成長，且第一季租賃量創歷史新高。我們認為，除近期收購的物業外，該投資組合的入住率已接近峰值，這使得管理層能夠繼續對未來的租戶進行嚴格篩選，並在2027年之前維持10%以上的現金釋放率。我們注意到，FRT目前1.75億至2.25億美元的在建工程開發成本可能會增加，但我們相信，即使在最壞的情況下，收益率仍將持續超過8.5%。對於2026財年，我們預計可比淨營業收入將成長4.5%至5.5%，因為FRT將繼續積極尋找新的收購目標。
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