Federal Realty Investment Trust (FRT) Revenue — Quarter Ended Sep 30, 2024
Revenue increased compared to both the prior quarter and the same quarter one year earlier. This marks the continuation of an upward trend.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased compared to both the prior quarter and the same quarter one year earlier. This marks the continuation of an upward trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$303.6M
Revenue reported for this quarter.
Quarter-over-quarter
+2.6%
Change from the immediately preceding quarter.
Year-over-year
+5.9%
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 |
|---|---|---|
| Dec 31, 2023 | $291.8M | +4.2% |
| Mar 31, 2024 | $291.3M | +6.7% |
| Jun 30, 2024 | $296.1M | +5.5% |
| Sep 30, 2024 | $303.6M | +5.9% |
Revenue performance
Revenue rose in the most recent quarter, reflecting a positive trajectory.
Quarterly comparison
Compared to the preceding quarter, revenue was higher. It also exceeded the level from the same quarter a year ago.
What to watch
The company's ability to sustain this revenue growth will be important given its cash flow obligations for dividends and debt service.