Truist Adjusts Federal Realty Investment Trust PT to $118 From $112, Maintains Hold Rating
Truist Adjusts Federal Realty Investment Trust PT to $118 From $112, Maintains Hold Rating
6 stories mentioning FRT
Every FINWIRES story that references FRT, newest first.
Truist Adjusts Federal Realty Investment Trust PT to $118 From $112, Maintains Hold Rating
Federal Realty Investment Trust (FRT) has an average rating of overweight and mean price target of $125.57, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Federal Realty Investment Trust (FRT) has an average rating of overweight and mean price target of $124.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Federal Realty Investment Trust (FRT) has an average rating of overweight and mean price target of $117.54, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $115.31, Change: $-0.38, Percent Change: -0.32%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $13 to $141, 18.6x our 2026 FFO estimate, a premium to its three-year average forward multiple of 14.7x as re-leasing spreads continue to outperform with a strong 2026 outlook. We maintain our 2026 FFO estimate at $7.58 and increase 2027 by $0.13 to $7.82. FRT continues to see strong re-leasing growth combined with record leasing volumes in Q1. In our view, the portfolio (excluding recently acquired properties) is near peak occupancy, giving management the ability to continue being highly selective for future tenants and maintain its +10% cash releasing spreads through 2027. We note that development costs may increase on FRT's $175M-$225M current pipeline, but believe yields will continue to exceed 8.5%, even in our downside scenario. For FY 26, we now see comparable NOI growing 4.5%-5.5% as FRT continues to actively work and find new acquisition targets.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Federal Realty Investment Trust (FRT) reported Q1 revenue of $341M (+10.3% Y/Y, $7M above consensus) vs. $309M a year ago. Comparable property operating income rose 3.1% Y/Y to $201M, though moderating from 4.4% growth in Q3. The exceptional leasing momentum with 106 leases totaling 661K square feet contributed to a record first quarter leasing volume, while robust rent spreads of +13% cash (+23% straight-line) reflect portfolio quality and favorable supply-demand dynamics in core markets. Management highlighted record trailing-12-month performance with 448 leases spanning 2.62M square feet. We believe the strong leasing metrics demonstrate underlying tenant demand for FRT's grocery-anchored properties, with sustained cash spreads of 16% and straight-line spreads of 28% on a trailing basis indicating continued pricing power. In our view, the sustained leasing velocity and consistent rent growth support the quality of FRT's strategic portfolio positioning in high-demand coastal markets.