Federal Realty Investment Trust (FRT) CEO Don Wood on Q1 2020 Results - Earnings Call Transcript

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Q1: 2020-05-06 Earnings Summary

10-Q
EPS of $0.70 misses by $0.00 | Revenue of $230.80M (-0.30% Y/Y) misses by $657.67K

Federal Realty Investment Trust (NYSE:FRT) Q1 2020 Results Earnings Conference Call May 7, 2020 10:00 AM ET

Company Participants

Leah Brady - IR
Don Wood - President & CEO
Dan Guglielmone - EVP & CFO
Jeff Berkes - President of Federal Realty West Coast
Wendy Seher - EVP, Eastern Region President
Dawn Becker - EVP, General Counsel & Secretary
Melissa Solis - SVP & Chief Accounting Officer

Conference Call Participants

Craig Schmidt - Bank of America
Christy McElroy - Citigroup
Alexander Goldfarb - Piper Sandler
Jeremy Metz - BMO Capital Markets
Michael Mueller - JPMorgan
Vince Tibone - Green Street Advisors
Chris Lucas - Capital One Securities
Linda Tsai - Jefferies
Floris van Dijkum - Compass Point

Operator

Ladies and gentlemen, thank you for standing by and welcome to the Q1 2020 Federal Realty Investment Trust Earnings Conference Call.

At this time, all participants are in a listen-only mode. After the speaker presentation there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Ms. Leah Brady. Please go ahead.

Leah Brady

Good morning. Thank you for joining us today for Federal Realty’s first quarter 2020 earnings conference call. Joining me on the call are Don Wood, Dan G, Jeff Berkes, Wendy Seher, Dawn Becker, and Melissa Solis. They’ll be available to take your questions at conclusion of our prepared remarks.

A reminder that certain matters discussed on this call may be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any annualized or projected information, as well as statements referring to expected or anticipated events or results. Although Federal Realty believes that expectations reflected in such forward-looking statements are based on reasonable assumptions, Federal Realty’s future operations and its actual performance may

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