- Federal Realty Investment Trust posted second-quarter revenue above market expectations and lifted its full-year forecast for funds from operations per share, citing steady leasing demand and higher rentals for its commercial real estate properties.
The REIT's portfolio comprises over 100 diverse properties, including shopping centers rented to retailers like Walmart, Best Buy, and Ulta, among others, as well as dining, entertainment and office spaces located in densely populated areas. The company posted revenue of $296.1 million in the quarter ended June 30, above analysts' average estimate of $293.6 million, according to LSEG data.Yahoo Sports contributors Christian Polanco and Alexis Guerreros break down the awkward encounter between Korbin Albert and her teammates while subbing into Team USA's game vs. Australia. Hear the full conversation on the “The Cooligans” podcast - and subscribe on Apple Podcasts, Spotify or wherever you listen.
New Jersey officials are defending proposed building rules designed to limit damage from future storms and steadily rising seas in coastal areas, countering criticism that the state aims to force people away from the Jersey Shore by making it harder and more expensive to build or rebuild there.