Thursday, February 14, 2019

Federal Realty exceeds revenue forecasts for Q4 2018

Federal Realty, which owns several major retail centers in Rockville including Rockville Town Square, exceeded analysts' forecasts for revenue in the fourth quarter of last year. The real estate trust took in $235.4 million in revenue in the quarter, compared to the $$234.2 million 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.

11 comments:

  1. Exceeds their revenue forecast! That's not possible this is a MORIBUND economy. Shirley you jest!

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    1. 12:23: You're surprised that developers are making a profit in Montgomery County? Other businesses...not so much. #moribund

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    2. ...how do developers make money if the economy they're leasing within is supposedly "moribund?" Do you ever think before typing?

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    3. 6:28: The same way the Mafia makes money when the economy is moribund - corruption and crime.

      I've finally gone deep undercover, and I'm learning that my theories on who is actually living in these new residential buildings were correct. Very few are paying full freight, and most are being operated as hotels. So, again, this is not providing new housing, nor new revenue enough to cover the public costs in services, as the County's structural budget deficit proves.

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    5. "Deep undercover". Really? Do you even have a day job? Who is paying the bills while you play Inspector Gadget

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  3. I'm not joking and please don't call me Shirley

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    1. Can I call you sorely then, since we have to deal with surely?

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  5. "The real estate trust took in $235.4 million in revenue in the quarter, compared to the $$234.2 million the Associated Press reports analysts had forecast." - The number may tell me something in this place. It does not surprise me at all.

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