Federal Realty Investment Trust (FRT) Revenue — Quarter Ended Dec 31, 2023
Revenue increased this quarter, continuing an upward trend. Comparisons with both the preceding quarter and the year-ago period were positive.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue increased this quarter, continuing an upward trend. Comparisons with both the preceding quarter and the year-ago period were positive.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$291.8M
Revenue reported for this quarter.
Quarter-over-quarter
+1.8%
Change from the immediately preceding quarter.
Year-over-year
+4.2%
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 |
|---|---|---|
| Mar 31, 2023 | $273.1M | +6.3% |
| Jun 30, 2023 | $280.7M | +6.3% |
| Sep 30, 2023 | $286.6M | +4.8% |
| Dec 31, 2023 | $291.8M | +4.2% |
Revenue performance
Revenue rose during the quarter, reflecting solid operational execution.
Quarterly comparison
Sequentially, revenue improved from the prior quarter. Year over year, revenue also exceeded the level achieved in the same quarter last year.
What to watch
Monitoring capital allocation and debt maturity management will be important given recent financing activities.