BETHESDA, MD—Federal Realty updated its 2014 guidance for Funds from Operations per diluted share to a range of $4.90 to $4.94 and its earnings per share guidance was updated to $2.55 to $2.61 as it reported second quarter earnings. The REIT posted FFO of $83.6 million, or $1.23 per diluted share. This compares to FFO of $71.1 million, or $1.08 per diluted share, in second quarter 2013.

For the first six months of the year, Federal Realty reported FFO of $165.4 million, or $2.43 per diluted share, compared to $145.2 million, or $2.22 per diluted share for the same six-month period in 2013.

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