Federal Realty reports higher profits -- Gazette.Net


Federal Realty Investment Trust of Rockville — owner of Bethesda Row, Rockville Town Square and other retail and mixed-use developments — reported that its second-quarter profit rose to $45.4 million, from $38.8 million in the second quarter of 2013.

Funds from operations, a key industry metric, grew to $83.6 million, from $71.1 million.