Why Federal Realty Investment Trust Stock Just Tanked by 6%
Friday was a day to forget for Federal Realty Investment Trust (NYSE: FRT) and its investors. The real estate investment trust (REIT) posted its fourth-quarter and full-year results, and the market clearly wasn't impressed by the performance. It sent the stock to a 6% loss on a day when the S&P 500 index basically traded sideways.After market close on Thursday, Federal divulged that it earned $311 million during the quarter, representing improvement of almost 7% on a year-over-year basis. Net income, a line item that directly affects the size of the dividend a REIT can pay investors, inched up by 2% to nearly $66 million ($0.75 per share). Funds from operations (FFO), considered a more accurate measure of a REIT's profitability, was 9% higher at almost $148 million.Continue reading
Friday was a day to forget for Federal Realty Investment Trust (NYSE: FRT) and its investors. The real estate investment trust (REIT) posted its fourth-quarter and full-year results, and the market clearly wasn't impressed by the performance. It sent the stock to a 6% loss on a day when the S&P 500 index basically traded sideways.
After market close on Thursday, Federal divulged that it earned $311 million during the quarter, representing improvement of almost 7% on a year-over-year basis. Net income, a line item that directly affects the size of the dividend a REIT can pay investors, inched up by 2% to nearly $66 million ($0.75 per share).
Funds from operations (FFO), considered a more accurate measure of a REIT's profitability, was 9% higher at almost $148 million.
