Federal Rlty Inv Trust Q1 adjusted earnings of $1.56 per share

(RTTNews) - Federal Rlty Inv Trust (FRT) reported a profit for first quarter that dropped from the same period last year.

The company's earnings came in at $58.13 million, or $0.78 per share. This compares with $59.24 million, or $0.81 per share, in last year's first quarter.

Excluding items, Federal Rlty Inv Trust reported adjusted earnings of $116.89 million or $1.56 per share for the period.

The company's revenue for the quarter rose 3.0% to $232.23 million from $225.40 million last year.

Federal Rlty Inv Trust earnings at a glance:

-Earnings (Q1): $116.89 Mln. vs. $112.39 Mln. last year. -EPS (Q1): $1.56 vs. $1.52 last year. -Revenue (Q1): $232.23 Mln vs. $225.40 Mln last year.