FRT’s Portfolio Continues To Generate Positive Internal Growth

Analysts at Morgan Keegan reiterate their "outperform" rating on Federal Realty Investment Trust FRT, while raising their estimates for the company. FRT reported its Q1 FFO at $0.94 per share, beating the estimates. Federal Realty Investment Trust’s core NOI also increased as “same-property income increased 5.7% while same-property occupancy remained steady at 94.6%.” Morgan Keegan mentions, “We believe FRT's valuation premium can at least be sustained (if not increased) as FRT’s portfolio continues to generate positive internal growth relative to its peers.” Morgan Keegan has raised its FFO per share estimates for 2010 and 2011 from $3.83 to $3.86, and from $3.82 to $3.98, respectively. More Analyst Ratings here