-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下：我们将FRT的12个月目标价上调13美元至141美元，相当于2026年FFO预期值的18.6倍，高于其三年平均远期市盈率14.7倍，原因是再租赁利差持续跑赢大盘，且2026年前景强劲。我们维持2026年FFO预期值7.58美元不变，并将2027年预期值上调0.13美元至7.82美元。FRT的再租赁业务持续强劲增长，且第一季度租赁量创历史新高。我们认为，除近期收购的物业外，该投资组合的入住率已接近峰值，这使得管理层能够继续对未来的租户进行严格筛选，并在2027年之前维持10%以上的现金释放率。我们注意到，FRT目前1.75亿至2.25亿美元的在建项目开发成本可能会增加，但我们相信，即使在最坏的情况下，收益率仍将继续超过8.5%。对于2026财年，我们预计可比净营业收入将增长4.5%至5.5%，因为FRT将继续积极寻找新的收购目标。
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