Federal Realty Investment Trust (FRT) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to both the prior quarter and the same period last year. The company continued its upward trajectory, extending a multi-quarter trend of sequential growth.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to both the prior quarter and the same period last year. The company continued its upward trajectory, extending a multi-quarter trend of sequential growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$286.6M
Revenue reported for this quarter.
Quarter-over-quarter
+2.1%
Change from the immediately preceding quarter.
Year-over-year
+4.8%
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 |
|---|---|---|
| Dec 31, 2022 | $280.1M | +10.2% |
| Mar 31, 2023 | $273.1M | +6.3% |
| Jun 30, 2023 | $280.7M | +6.3% |
| Sep 30, 2023 | $286.6M | +4.8% |
Revenue performance
Revenue rose during the quarter, reflecting consistent operational performance. The growth rate was positive when measured against the same quarter a year ago.
Quarterly comparison
The increase over the immediately preceding quarter was smaller in magnitude than the year-over-year gain. Both comparisons confirmed the upward direction of revenue.
What to watch
Monitor the company's capital expenditure plans and use of revolving credit facilities, as disclosed in the filing context.