RTTNews | Feb 11, 2021 04:30PM EST

16:30 Thursday, February 11, 2021 (RTTNews.com) - Federal Rlty Inv Trust (FRT) revealed a profit for fourth quarter that decreased from the same period last year.

The company's bottom line came in at $92.71 million, or $1.22 per share. This compares with $145.34 million, or $1.92 per share, in last year's fourth quarter.

Excluding items, Federal Rlty Inv Trust reported adjusted earnings of $75.05 million or $0.99 per share for the period.

Analysts had expected the company to earn $0.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.2% to $219.51 million from $239.15 million last year.

Federal Rlty Inv Trust earnings at a glance:

-Earnings (Q4): $75.05 Mln. vs. $119.96 Mln. last year.-EPS (Q4): $0.99 vs. $1.58 last year.-Analysts Estimate: $0.29-Revenue (Q4): $219.51 Mln vs. $239.15 Mln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3169187/federal-rlty-inv-trust-q4-adjusted-earnings-beat-estimates.aspx)

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