the Associated Press reports analysts had forecast.
Funds from operations, which adds depreciation and amortization to a firm's net income, exactly matched forecasters' estimate of $1.57 per share, the AP reports. Federal Realty's stock has climbed 23% over the last year. The City of Rockville recently began subsidizing anchor Dawson's Market at the struggling Rockville Town Square, where multiple large tenants closed in 2018, including Mellow Mushroom pizzeria, Pandora Seafood, and - briefly - Dawson's Market, until the city subsidy enabled it to reopen.
Federal Realty is headquartered in Rockville.