Welcome to our dedicated page for Federal Realty Investment Trust news (Ticker: FRT), a resource for investors and traders seeking the latest updates and insights on Federal Realty Investment Trust stock.
Federal Realty Investment Trust (NYSE: FRT) is a premier real estate investment trust (REIT) specializing in the ownership, operation, and redevelopment of high-quality retail properties. Established in 1962, the company has built a robust portfolio of assets located in eight of the largest metropolitan markets in the United States, spanning from Washington, D.C. to Boston, and from San Francisco to Los Angeles. Federal Realty's portfolio includes 102 properties, encompassing approximately 26 million square feet of retail space and over 3,100 multifamily residential units.
Federal Realty's portfolio is renowned for its diverse property types, including grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. The company focuses on owning properties in highly desirable areas characterized by strong demographics, significant population density, and high median household incomes. This strategic approach ensures that its assets are positioned in markets with substantial growth potential.
Recent operational highlights include the third quarter of 2023, during which Federal Realty achieved a record by leasing over 1.6 million square feet of comparable space. The company continues to demonstrate robust performance with an occupancy rate of 92.3% and a leased rate of 94.0% as of September 30, 2023. Additionally, Federal Realty's residential properties boast a high leased rate of 97.8%.
Federal Realty has a strong track record in delivering shareholder value, evidenced by its impressive history of increasing quarterly dividends for 56 consecutive years, the longest streak in the REIT industry. The company announced a quarterly cash dividend of $1.09 per common share for January 2024, reflecting its commitment to providing consistent returns to its shareholders.
The company is also known for its development of vibrant, mixed-use neighborhoods such as Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland, and Assembly Row in Somerville, Massachusetts. These projects combine retail, dining, residential, and office spaces, creating dynamic community hubs that attract top-tier tenants and visitors alike.
Financially, Federal Realty remains strong, with a disciplined approach to managing its operations and capital. The company reported net income available for common shareholders of $55.0 million for the third quarter of 2023, and funds from operations (FFO) of $135.3 million. Federal Realty also maintains a strategic focus on redevelopment projects, such as the second phase of residential redevelopment at Bala Cynwyd, PA, projected to add 217 residential units and 16,000 square feet of retail space.
Federal Realty Investment Trust (NYSE: FRT) will announce its third quarter 2022 earnings after market close on November 3, 2022. A conference call is scheduled for the same date at 5:00 PM ET. The company operates high-quality retail properties in major coastal markets from Washington, D.C. to Boston, as well as San Francisco and Los Angeles. Federal Realty has maintained a record of increasing quarterly dividends for 55 consecutive years, the longest in the REIT industry.
Federal Realty Investment Trust (NYSE:FRT) will present at the BofA Securities 2022 Global Real Estate Conference on September 13, 2022, at 3:40 PM ET. Investors can access the live webcast on Federal Realty's website or via the BofA event link, with a replay available after the event until December 13, 2022. Federal Realty specializes in high-quality retail properties in major coastal markets, boasting a portfolio of 105 properties and a consistent dividend increase for 55 years, the longest in the REIT sector.
Federal Realty Investment Trust (FRT) reported strong Q2 2022 results, with net income of $59.7 million and earnings per diluted share of $0.75, up from $44.2 million and $0.57 in Q2 2021. The company achieved record funds from operations (FFO) of $131.6 million ($1.65 per diluted share) and an 8.2% growth in comparable property operating income. Occupancy reached 92.0%, and leasing activity was robust with 132 leases signed. The quarterly cash dividend increased to $1.08 per share, marking the 55th consecutive annual increase. The 2022 earnings and FFO guidance have also been raised.
Federal Realty Investment Trust (FRT) will announce its second quarter 2022 earnings before market open on August 4, 2022. The company will host a conference call at 11:00 AM ET on the same day to discuss the results. Federal Realty has a strong record, increasing quarterly dividends for 54 consecutive years, making it a leader in the REIT industry. The firm specializes in high-quality retail-based properties in major coastal markets, showcasing its commitment to sustainable growth.
Federal Realty Investment Trust (NYSE: FRT) released its 2021 ESG report, showcasing the Assembly Row project in Somerville, MA, which highlights positive environmental and financial impacts. Key achievements include a commitment to net zero emissions by 2050, a 39% reduction in Scope 1 and 2 emissions, and LEED Gold certification for the CocoWalk project. Additionally, Federal Realty expanded its solar capacity to 13.6 MW and enhanced climate scenario disclosures.
Federal Realty Investment Trust (NYSE:FRT) announced its Q1 2022 results, reporting net income of $50.0 million or $0.63 per diluted share, up from $46.2 million or $0.60 per diluted share year-over-year. The Trust generated funds from operations (FFO) of $119.1 million, or $1.50 per diluted share, compared to $91.1 million, or $1.17 per diluted share in Q1 2021. With a portfolio occupancy of 91.2% and leasing of 93.7%, the company signed 119 leases for 444,398 square feet. They also announced a quarterly dividend of $1.07, with guidance for earnings per diluted share increased to $2.36 - $2.56.
Federal Realty Investment Trust (NYSE: FRT) is acquiring Kingstowne Towne Center in Kingstowne, Virginia, for a total of $200 million. The acquisition will occur in two phases, with phase one completed for $100 million and phase two expected in July 2022. The property encompasses 410,000 square feet of retail space and is 97% leased, featuring tenants like Safeway, Giant, and T.J. Maxx. This addition strengthens Federal Realty's Northern Virginia portfolio, enhancing its presence in a high-traffic retail area that attracts approximately 8.3 million visitors annually.
Federal Realty Investment Trust (NYSE:FRT) will announce its first quarter 2022 earnings on May 5, 2022, before market open. The accompanying conference call is scheduled for 11:00 AM ET on the same day, providing insights into financial performance and future outlook. Federal Realty is recognized for its extensive high-quality retail properties located mainly in major coastal markets, boasting a strong history of increasing dividends for 54 consecutive years. For more details, visit www.federalrealty.com.
Federal Realty Investment Trust (NYSE:FRT) will present at Citi's 2022 Global Property CEO Conference on March 7, 2022, from 7:30 AM ET to 8:05 AM ET. The presentation will be accessible via a live webcast on Federal Realty's website. The company, recognized for its high-quality retail properties in major coastal markets, has a long-standing commitment to sustainable growth, with a remarkable track record of increasing dividends for 54 consecutive years. A replay of the webcast will be available until March 7, 2023.
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