Federal Realty Investment Trust (FRT) Revenue — Quarter Ended Jun 30, 2023
Revenue for the latest quarter increased, continuing the positive trend. Both sequential and year-over-year comparisons showed growth.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the latest quarter increased, continuing the positive trend. Both sequential and year-over-year comparisons showed growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$280.7M
Revenue reported for this quarter.
Quarter-over-quarter
+2.8%
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 |
|---|---|---|
| Sep 30, 2022 | $273.5M | +10.6% |
| Dec 31, 2022 | $280.1M | +10.2% |
| Mar 31, 2023 | $273.1M | +6.3% |
| Jun 30, 2023 | $280.7M | +6.3% |
Revenue performance
The quarter's revenue improvement was driven by consistent operational performance across the trust's portfolio. The company's strong cash flow generation, as highlighted in the filing, underscores the underlying stability.
Quarterly comparison
Revenue grew from the immediately preceding quarter, and also rose compared to the same period one year earlier. The growth rate remained solid.
What to watch
Monitor how the trust manages lease renewals and new signings in the current environment.