Federal Realty Investment Trust boosts FFO

Associated Press//

Federal Realty Investment Trust, a Rockville-based real estate investment trust focused on retail properties, posted a 13.6 percent increase in funds from operations for the fourth quarter of 2014. Federal Realty reported $77.7 million in FFO, or $1.13 per diluted share, for the quarter, compared with $68.4 million, or $1.03 per diluted share, for 2013’s fourth quarter. Federal Realty took a $10.5 million charge for early extinguishment of debt in 2014’s fourth quarter. Without the charge, FFO would have been $88.2 million, or $1.28 per diluted share. For the year, counting the charge, Federal Realty reported FFO of $327.6 million, or $4.79 per diluted share, compared with $289.9 million and $4.41 for 2013.

Tags: Federal Realty Investment Trust

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