Federal Realty Investment Trust

FRT remains in a Stage 2 advancing uptrend with a recent Momentum Breakout confirming fresh demand. Price is currently extremely overbought and extended above rising EMAs. We will stalk for a pullback into the rising 9/20 EMA zone or prior consolidation area before engaging to ensure a constructive entry.

• ↑Q1 FFO per share $1.88 (+10.6% YoY) with net income $157.1M.
• ↑Leasing 649,078 sq ft across 100+ leases drove 13% cash rent growth.
• ↓Negative earnings yield and weak profitability metrics dent return outlook.