Federal Realty Investment Trust (FRT) Revenue — Quarter Ended Mar 31, 2023
Revenue decreased sequentially but increased compared to the same quarter last year. The quarterly result reflects a mix of short-term headwinds and year-over-year growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue decreased sequentially but increased compared to the same quarter last year. The quarterly result reflects a mix of short-term headwinds and year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$273.1M
Revenue reported for this quarter.
Quarter-over-quarter
-2.5%
Change from the immediately preceding quarter.
Year-over-year
+6.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $264.1M | +14.0% |
| Sep 30, 2022 | $273.5M | +10.6% |
| Dec 31, 2022 | $280.1M | +10.2% |
| Mar 31, 2023 | $273.1M | +6.3% |
Revenue performance
For the quarter, the company reported a decline in revenue from the prior quarter. However, revenue was higher than the same period one year ago.
Quarterly comparison
The sequential decline marks a reversal from the previous quarter's level, while the year-over-year increase indicates sustained demand compared to a year earlier.
What to watch
Monitor the company's draw on its revolving credit facility and capital expenditure plans, as these may influence future cash flows.