Leasing, Redevelopment Produce Strong Year for Federal Realty

ROCKVILLE, MD-Federal Realty Investment Trust offered up details on its strong performance, claiming a continuation of a 38-year streak of increasing annual dividend rates to its shareholders. During an earnings call yesterday, company officials pointed to leasing and redevelopment endeavors as the backbone of its successes in 2005.

Across the board, the numbers tell the same story, the executives pointed out. During the final quarter of ’05, FFO was $.78 per-diluted share, compared to $.70 in the fourth quarter of ’04. For 2005, FFO was $3.06, and earnings were $1.94, overshadowing 2004′s $2.85 and $1.41.

Net income available for common shareholders was $32.3 million for the last three months of 2005, and $103.1 million for the year; those number in 2004 were $19 million and $72.7 million, respectively.