Federal Realty Releases 2023 Sustainability Report

Rhea-AI Summary

Federal Realty Investment Trust (NYSE: FRT) has released its 2023 Sustainability Report, highlighting key achievements in sustainability. The company reduced its Scope 1 and 2 greenhouse gas (GHG) emissions by 32% and aims for a 46% reduction by 2030.

Federal Realty increased its onsite solar generating capacity to 14.3 MW and used zero-carbon power sources for 64% of its electricity consumption in 2023. The company was also recognized as a Green Lease Leader, Gold, for the third time.

Federal Realty operates 102 properties with over 3,300 tenants and approximately 3,100 residential units, focusing on high-quality retail-based properties in major coastal markets. The company has increased its quarterly dividends for 56 consecutive years.

For more details, visit www.federalrealty.com/sustainability-report-2023.

Positive

• Reduced Scope 1 and 2 GHG emissions by 32%.
• Increased onsite solar generating capacity to 14.3 MW.
• Utilized zero-carbon power sources for 64% of electricity consumption.
• Recognized as a Green Lease Leader, Gold, for the third time.
• Increased quarterly dividends for 56 consecutive years.
• Owns and operates 102 properties with over 3,300 tenants.
• Member of the S&P 500 index.

Negative

• None.

NORTH BETHESDA, Md., May 30, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) announced today the publication of its 2023 Sustainability Report. The report highlights the company's accomplishments in sustainability aligned with its five key priorities that directly support its business strategy.

Key highlights from the report include:

• Reducing Scope 1 and 2 greenhouse gas (GHG) emissions by 32%, demonstrating substantial progress toward the Science Based Target initiative-approved goal of a 46% decrease in Scope 1 and 2 GHG emissions by 2030.
• Strengthening its position as an industry leader in renewable energy by increasing its onsite solar generating capacity to an impressive 14.3 MW.
• Utilized zero-carbon power sources for 64% of its electricity consumption in 2023
• Recognized for the third time as a Green Lease Leader, Gold

View the full report for in-depth information pertaining to Federal Realty's sustainability initiatives by visiting www.federalrealty.com/sustainability-report-2023.

About Federal Realty

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 102 properties include approximately 3,300 tenants in 26 million commercial square feet, and approximately 3,100 residential units.

Federal Realty has increased its quarterly dividends to its shareholders for 56 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.

Investor Inquiries: Leah Andress Brady Vice President, Investor Relations 301.998.8265 lbrady@federalrealty.com

Media Inquiries: Brenda Pomar Senior Director, Corporate Communications 301.998.8316 bpomar@federalrealty.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/federal-realty-releases-2023-sustainability-report-302158778.html

SOURCE Federal Realty Investment Trust

FAQ

What are the key highlights of Federal Realty's 2023 Sustainability Report?

The key highlights include a 32% reduction in Scope 1 and 2 GHG emissions, increased onsite solar capacity to 14.3 MW, and using zero-carbon power sources for 64% of electricity consumption.

What is the sustainability goal for Federal Realty by 2030?

Federal Realty aims to achieve a 46% reduction in Scope 1 and 2 greenhouse gas emissions by 2030.

How much solar generating capacity does Federal Realty have?

Federal Realty has increased its onsite solar generating capacity to 14.3 MW.

What percentage of electricity consumption was from zero-carbon power sources in 2023 for Federal Realty?

In 2023, 64% of Federal Realty's electricity consumption was from zero-carbon power sources.

What recognition did Federal Realty receive related to sustainability in 2023?

Federal Realty was recognized as a Green Lease Leader, Gold, for the third time.