Benzinga | Aug 5, 2020 04:27PM EDT

Federal Realty Investment Q2 FFO $0.77 Beats $0.55 Estimate, Sales $176.23M Miss $212.24M Estimate

Federal Realty Investment (NYSE:FRT) reported quarterly earnings of $0.77 per share which beat the analyst consensus estimate of $0.55 by 40 percent. This is a 51.88 percent decrease over earnings of $1.60 per share from the same period last year. The company reported quarterly sales of $176.23 million which missed the analyst consensus estimate of $212.24 million by 16.97 percent. This is a 23.53 percent decrease over sales of $230.47 million the same period last year.