Earnings Call Summary | Federal Realty Investment Trust(FRT.US) Q1 2024 Earnings Conference
Earnings Call Summary | Federal Realty Investment Trust(FRT.US) Q1 2024 Earnings Conference
The following is a summary of the Federal Realty Investment Trust (FRT) Q1 2024 Earnings Call Transcript:
以下是聯邦房地產投資信託基金（FRT）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Federal Realty reported Q1 earnings of $1.64, representing over 3% growth despite higher interest rates.
The company attained a record Q1 property operating income of over $17 million from its residential portfolio.
Contractual rent increases for deals completed in the first quarter were approximately 2.3%.
Despite being at the higher end of the guidance range, Federal Realty achieved 3.8% same-center growth, excluding term fees and COVID repayments.
聯邦地產公佈的第一季度收益爲1.64美元，儘管利率有所提高，但仍增長了3％以上。
該公司從其住宅投資組合中獲得了創紀錄的第一季度房地產營業收入，超過1700萬美元。
第一季度完成的交易的合同租金增長約爲2.3％。
儘管處於指導區間的較高水平，但聯邦地產實現了3.8％的同中心增長，其中不包括定期費用和COVID還款。
Business Progress:
業務進展：
Federal Realty signed 117 commercial leases, covering more than 775,000 square feet of retail and office space, with record leasing achieved.
The company's small-shop lease percentage rose to 91.4%, with continued growth expected.
Global foodservice giant, Sodexo, moved into its new North American headquarters at Pike & Rose in Q1 of 2024.
Management is focusing on both sourcing acquisitions and maintaining balance sheet strength for the rest of this year and into the next.
Due diligence has been initiated concerning the potential acquisition of a large asset.
The Trust has leaned into the acquisitions market in the past six months, taking advantage of cost-of-capital opportunities.
The purchase of the remaining joint venture interest in CocoWalk was successful, signaling potential future joint venture buyouts.
Despite interest in adding life sciences to Assembly Row or Pike & Rose locations, focus is likely to be more on retail or residential elements.
聯邦地產簽署了117份商業租約，涵蓋了超過77.5萬平方英尺的零售和辦公空間，創下了創紀錄的租賃記錄。
該公司的小商店租賃百分比上升至91.4％，預計將繼續增長。
全球餐飲服務巨頭索迪斯於2024年第一季度遷入其位於派克和羅斯的新北美總部。
管理層將重點放在採購收購和保持今年剩餘時間和明年的資產負債表實力上。
已經啓動了對可能收購大型資產的盡職調查。
在過去的六個月中，該信託基金利用資本成本機會傾向於進入收購市場。
成功收購了CocoWalk的剩餘合資權益，這表明未來合資企業可能會被收購。
儘管有興趣在Assembly Row或Pike & Rose分支機構增加生命科學，但重點可能更多地放在零售或住宅方面。
More details: Federal Realty Investment Trust IR
更多詳情： 聯邦房地產投資信託基金 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。