Federal Rlty Inv Trust Earnings Rise 12% In Q1

(RTTNews) - Federal Rlty Inv Trust (FRT) revealed a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line advanced to $97.59 million, or $1.38 per share. This was higher than $87.29 million, or $1.26 per share, in last year's first quarter.

Analysts had expected the company to earn $1.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.3% to $198.34 million. This was up from $184.79 million last year.

Federal Rlty Inv Trust earnings at a glance:

-Earnings (Q1): $97.59 Mln. vs. $87.29 Mln. last year. -Earnings Growth (Y-o-Y): 11.8% -EPS (Q1): $1.38 vs. $1.26 last year. -EPS Growth (Y-o-Y): 9.5% -Analysts Estimate: $1.37 -Revenue (Q1): $198.34 Mln vs. $184.79 Mln last year. -Revenue Change (Y-o-Y): 7.3%