RTTNews | Aug 4, 2021 04:56PM EDT

16:55 Wednesday, August 4, 2021 (RTTNews.com) - Federal Rlty Inv Trust (FRT) reported earnings for its second quarter that increased from last year.

The company's earnings totaled $44.19 million, or $0.57 per share. This compares with $8.50 million, or $0.11 per share, in last year's second quarter.

Excluding items, Federal Rlty Inv Trust reported adjusted earnings of $110.15 million or $1.41 per share for the period.

Analysts had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 31.4% to $231.63 million from $176.23 million last year.

Federal Rlty Inv Trust earnings at a glance:

-Earnings (Q2): $110.15 Mln. vs. $57.98 Mln. last year.-EPS (Q2): $1.41 vs. $0.77 last year.-Analysts Estimate: $0.35-Revenue (Q2): $231.63 Mln vs. $176.23 Mln last year.

-Guidance:Full year EPS guidance: $1.91 to $2.01

Read the original article on RTTNews ( https://www.rttnews.com/3216001/federal-rlty-inv-trust-q2-adjusted-earnings-beat-estimates.aspx)

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