Goldman Sachs Discusses Earnings From Federal Realty Invmt Trust (FRT)
Goldman Sachs has a Neutral rating on shares of Federal Realty Invmt Trust (NYSE: FRT) after the company reported earnings.
In a note to investors, Goldman writes, "Results this quarter were in line with our forecast and solid leasing spreads reflect FRT's stable, high quality assets which delivered superior growth vs. its peers over the most recent commercial real estate cycle. In addition, FRT has a strong balance sheet profile, with debt/EBITDA of 5.1x. On that note, we continue to focus on upcoming external growth opportunities to drive near-term growth."
Shares of FRT are up 72 cents to $88.13, a gain of 0.8%.
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