Federal Realty Investment Trust (FRT), headquartered in North Bethesda, Maryland, is a self-administered real estate investment trust (REIT). Valued at $8.4 billion by market cap, the company specializes in the ownership, management, development, and redevelopment of prime community and neighborhood shopping centers. The shopping center-focused retail REIT is expected to announce its fiscal third-quarter earnings for 2025 before the market opens on Friday, Oct. 31.

Ahead of the event, analysts expect FRT to report an FFO of $1.78 per share on a diluted basis, up 4.1% from $1.71 per share in the year-ago quarter. The company beat or met the consensus estimates in three of the last four quarters while missing the forecast on another occasion. 

For the full year, analysts expect FRT to report FFO of $7.19 per share, up 6.2% from $6.77 per share in fiscal 2024. Its FFO is expected to rise 2.9% year over year to $7.40 per share in fiscal 2026. 

FRT stock has underperformed the S&P 500 Index’s ($SPX) 16.3% gains over the past 52 weeks, with shares down 12.9% during this period. Similarly, it underperformed the Real Estate Select Sector SPDR Fund’s (XLRE) 5.1% downtick over the same time frame.

On Aug. 6, FRT shares closed down marginally after reporting its Q2 results. Its FFO of $1.91 per share surpassed the consensus estimate of $1.73 per share. The company’s revenue was $311.5 million, exceeding Wall Street forecasts of $310.7 million. FRT expects full-year FFO to be between $7.16 and $7.26 per share.

Analysts’ consensus opinion on FRT stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 19 analysts covering the stock, eight advise a “Strong Buy” rating, one suggests a “Moderate Buy,” and 10 give a “Hold.” FRT’s average analyst price target is $108.97, indicating a potential upside of 12.2% from the current levels.