Donald C. Wood

“Well, thank you, Jill, and good morning, everybody. Strong quarter, $1.88 a share, 7% year-over-year growth, 96% occupancy, record leasing volume, 59th year consecutive dividend raises, Another beaten raise, all validating the optimism for the rest of the year and next.”

“I mean, look, we are a real estate company of high quality stuff. That's about, it's not about eliminating things that change in the economy. We expect things to change in the economy.”

“And when you think about why Federal Realty in terms of investing in hard assets, you know we've been around a real long time. You know there's this notion of paying a dividend that is less important to investors today.”

“6.4% bottom line FFO growth in the quarter, 4.3% for the year, and guidance close to 6% at the midpoint for 2026. All those numbers, of course, eliminate the impact to the one-time new market tax credit last year as reflected in our new core FFO metric.”

“Well, thank you, Jill, and good afternoon, everybody. It was a really active quarter led by beat and raise results, near-record leasing, a big and important acquisition, a couple of fully priced dispositions, and some innovative and value-enhancing dealmaking.”