Federal Realty raises 2026 guidance after record leasing activity

Federal Realty reported second-quarter 2026 Core FFO of $1.88 per diluted share, up 6.8% year over year, while net income per diluted share fell to $0.97 from $1.78 due mainly to a smaller real estate sale gain and the absence of a prior-year tax credit. The company signed 124 comparable retail leases covering 819,273 square feet at 15% cash rent growth, raised 2026 Core FFO guidance to $7.48-$7.56 per share, increased its quarterly dividend 3% to $1.16 payable October 15, 2026, and acquired an adjacent Kingstowne Towne Center parcel for $19.7 million.