WASHINGTON (dpa-AFX) - Federal Realty Investment Trust (FRT) reported second-quarter net income available to common shareholders of $32.5 million or $0.51 per share, down from $34.6 million or $0.55 per share in the comparable quarter last year.
Funds from Operations, of FFO, for the quarter was $66.8 million or $1.04 per share, compared to $64.3 million or $1.02 per share last year.
On average, 15 analysts polled by Thomson Reuters expected the company to earn $1.04 per share for the quarter. Analysts' estimates typically exclude special items
Total revenue for the latest quarter rose to $147.6 million from $136.3 million last year. Analysts expected revenue of $144.51 million for the quarter.
Looking forward, the company increased its guidance for 2012 FFO per diluted share to a range of $4.27 to $4.31 from the previous range of $4.24 to $4.29 per share . It also provided 2012 earnings per share guidance of $2.31 to $2.35.
Analysts currently expect the company to earn $4.27 per share for the fiscal year 2012.
Copyright RTT News/dpa-AFX