Welcome to our dedicated page for Federal Realty Op Lp news (Ticker: FRT), a resource for investors and traders seeking the latest updates and insights on Federal Realty Op Lp stock.
Federal Realty Investment Trust (FRT) is a leading retail REIT focused on premium shopping centers and mixed-use redevelopment in high-demand urban markets. This page serves as the definitive source for official company news, providing investors with timely updates on strategic initiatives and financial performance.
Access curated press releases and announcements covering earnings reports, property acquisitions, and redevelopment projects that shape FRT's portfolio. Our collection enables stakeholders to monitor the company's progress in transforming commercial properties into thriving community hubs while maintaining 98%+ occupancy rates.
Discover updates across key operational areas including tenant partnerships, sustainability initiatives, and market expansions. All content is sourced directly from Federal Realty's communications, ensuring accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to FRT's evolving narrative in the retail real estate sector. Check regularly for new developments influencing one of REIT's most disciplined operators in prime coastal markets.
Cummins Inc. (NYSE: CMI) has announced the appointment of Nicole Y. Lamb-Hale as Chief Administrative Officer and Corporate Secretary, effective June 1, succeeding Sharon Barner who retires May 31. Lamb-Hale, who joined Cummins in 2021 as Vice President and Chief Legal Officer, will lead global functions including risk management, ethics and compliance, product compliance, regulatory affairs, government relations, communications and corporate responsibility.
Since joining Cummins, Lamb-Hale has played a important role in major corporate initiatives, including the acquisition of Meritor, the spin-off of Cummins' Filtration Business, and the formation of battery cell joint venture Amplify Cell Technologies. Her extensive background includes executive roles at Kroll, and Albright Stonebridge Group, as well as serving as Assistant Secretary for Manufacturing and Services in the U.S. Department of Commerce's International Trade Administration.
Federal Realty Investment Trust (NYSE:FRT) has scheduled its first quarter 2025 earnings release and conference call. The company will release its Q1 2025 earnings report after market close on Thursday, May 8, 2025, followed by a conference call at 5:00 PM ET on the same day.
Investors can access the conference call through a live webcast or by dialing 1-833-821-4548 or 1-412-652-1258. A replay of the webcast will be available 30 minutes after the call concludes on Federal Realty's website, and a telephonic replay will be accessible through May 22, 2025, using 1-844-512-2921 or 1-412-317-6671 with passcode 10197791.
Federal Realty Investment Trust (NYSE:FRT) has acquired Del Monte Shopping Center in Monterey, California for $123.5 million. The 674,000-square-foot, 47-acre grocery-anchored lifestyle center is currently 83% leased and serves a trade area of over 225,000 residents.
The property, anchored by Whole Foods and featuring retailers like Apple, Sephora, Lululemon, Pottery Barn, and Anthropologie, ranks in the nation's top 5% for annual foot traffic. Located on Highway 1, it serves as the dominant retail destination on the Monterey Peninsula.
Federal Realty plans to create value through strategic lease-up, merchandising, and placemaking enhancements, comparing the opportunity to their successful properties like Barracks Road and Virginia Gateway in similar affluent markets.
Federal Realty Investment Trust (NYSE: FRT) has announced its participation in Citi's 2025 Global Property CEO Conference scheduled for Monday, March 3, 2025, from 8:10 AM ET to 8:45 AM ET. The presentation will be available via live webcast and accessible through Citi's conference platform or Federal Realty's website.
Federal Realty, founded in 1962, specializes in owning and operating retail-based properties in major coastal markets from Washington, D.C. to Boston and California. The company's portfolio includes:
- 102 properties spanning 27 million commercial square feet
- Approximately 3,500 tenants
- 3,100 residential units
Notable developments include Santana Row in San Jose, Pike & Rose in North Bethesda, and Assembly Row in Somerville. The company holds the REIT industry's longest record of consecutive dividend increases at 57 years.
Federal Realty Investment Trust (NYSE: FRT) has announced several key leadership promotions to strengthen its strategic growth and operational excellence. Vanessa Mendoza has been promoted to Vice President, Regional Leasing, bringing over 15 years of experience in merchandising and leasing strategies. Sarah Forde Rogers has been elevated to Vice President, Regional Development after six years with the company, focusing on development execution and public-private partnerships.
Bob Franz, a 10-year company veteran, has been promoted to Vice President, West Coast Acquisitions, while Porter Bellew, also with 10 years at Federal Realty, has been promoted to Senior Vice President, Chief Information Officer. These promotions reflect the company's commitment to developing internal talent and positioning itself for continued success in real estate operations.
Federal Realty Investment Trust (FRT) reported strong financial results for Q4 and full-year 2024. Net income per diluted share reached $3.42 for 2024 (vs $2.80 in 2023), with operating income totaling $472.4 million. The company achieved record-breaking leasing performance with 452 comparable leases signed for 2.4 million square feet at an 11% cash basis rollover.
Portfolio metrics showed significant improvement, with 94.1% occupancy (+190 basis points YoY) and 96.2% leased rate (+200 basis points YoY). Small shop leasing reached 93.6% (+290 basis points YoY). The company announced two new redevelopment projects in Hoboken, NJ and Philadelphia, PA, and is under contract to purchase a 673,000 square foot shopping center in Northern California for $124 million.
For 2025, FRT provided guidance of $3.00-$3.12 earnings per diluted share and $7.10-$7.22 FFO per diluted share, with expected comparable properties growth of 3-4%.
Federal Realty Investment Trust (NYSE:FRT) has released the Federal income tax treatment for its 2024 distributions. For Common Shares, the total distribution per share for 2024 was $4.37, consisting of $3.5834 in taxable ordinary dividends, $0.6555 in capital gains, and $0.1311 in nontaxable distributions. The quarterly common share distribution increased from $1.09 to $1.10 in the fourth quarter.
For the 5.000% Series C Cumulative Redeemable Preferred Shares, the total distribution was $1.25 per depositary share for 2024, comprising $1.0625 in taxable ordinary dividends and $0.1875 in capital gains. The company reported no foreign taxes for the year.
Federal Realty Investment Trust (NYSE: FRT) has scheduled its fourth quarter 2024 earnings announcement for Thursday, February 13, 2025, after market close. The company will host a conference call the same day at 5:00 PM ET to discuss the results.
Investors can access the conference call through a live webcast or by dialing 1-844-826-3035 (US) or 1-412-317-5195 (International). A replay of the webcast will be available 30 minutes after the call concludes on Federal Realty's website. Additionally, a telephonic replay will be accessible through February 27, 2025, using the following numbers: 1-844-512-2921 (US) or 1-412-317-6671 (International) with passcode 10195673.
Federal Realty Investment Trust announced a senior executive team realignment. Jeffrey S. Berkes, President and Chief Operating Officer, will leave the company on December 31, 2024. CEO Don Wood will reassume the President position, while the COO role will not be backfilled. Wendy Seher (Eastern Region President and COO) and Jeff Kreshek (Western Region President and COO) will continue their roles reporting to Wood. Jan Sweetnam, Chief Investment Officer, will report directly to Wood as the company focuses on acquisitions and development. The acquisition team includes Barry Carty (SVP-East Coast) and newly promoted Bob Franz (VP-West Coast).
Federal Realty Investment Trust (NYSE: FRT) reported its Q3 2024 results, showing a net income of $0.70 per diluted share, up from $0.67 in Q3 2023. Operating income rose to $105.8 million from $100.1 million. Funds from operations (FFO) per diluted share increased to $1.71 from $1.65. The company signed 126 leases for 580,977 sq. ft. at a cash basis rollover growth of 14%. Portfolio occupancy reached 94.0%, and leased rate was 95.9%, both up year-over-year. Small shop leasing ended at 93.1%, up 240 basis points year-over-year. The company acquired Pinole Vista Crossing, a 216,000 sq. ft. grocery-anchored center in California, for $60 million. 2024 guidance was raised, with EPS expected between $3.40-$3.50 and FFO per diluted share between $6.76-$6.86. A quarterly dividend of $1.10 per common share was declared, payable on January 15, 2025.
