Federal Realty Investment Trust (FRT) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter was essentially flat compared to the previous quarter, but showed growth relative to the same period last year. The sequential stability reflects a modest dip, while the year-over-year increase indicates underlying business momentum.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter was essentially flat compared to the previous quarter, but showed growth relative to the same period last year. The sequential stability reflects a modest dip, while the year-over-year increase indicates underlying business momentum.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$291.3M
Revenue reported for this quarter.
Quarter-over-quarter
-0.2%
Change from the immediately preceding quarter.
Year-over-year
+6.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.2B
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, 2023 | $280.7M | +6.3% |
| Sep 30, 2023 | $286.6M | +4.8% |
| Dec 31, 2023 | $291.8M | +4.2% |
| Mar 31, 2024 | $291.3M | +6.7% |
Revenue performance
The reported revenue moved slightly lower from the prior quarter, marking a minor sequential decline.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged down, but compared to the same quarter one year earlier, revenue was higher, continuing a year-over-year growth trend.
What to watch
Monitor the company's cash and liquidity position, which decreased from the prior quarter end due to dividend payments and debt refinancing activities.