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Sell Alert: 2 REITs That Could Lead To Large Losses
Seeking Alpha· 2024-07-22 12:15
Not all my REIT (VNQ) investments are successful. Suntec REIT (T82U / OTCPK:SURVF) When we initiated our position in the REIT, they owned a small portfolio of trophy assets in Singapore, but they were priced at a discount to their net asset value and offered an above-average yield for an S-REIT. Therefore, the thesis was very simple. Suntec REIT allowed us to buy an interest in trophy assets in Singapore, which is the safe haven of Asia, offering great diversification benefits to our international portfolio ...
The 3 Best Retirement Stocks to Buy in July 2024
Investor Place· 2024-07-07 19:00
The best retirement stocks are something investors may consider later in their careers, but the previous few years have proved that there's no poor time to start preparing. Covid-19, meme stocks and a record 11 interest rate increases between March 2022 and July 2023 have caused upheaval, making everyone think about retirement stocks. Due to the 8.7% Social Security cost-of-living rise in 2023, more seniors may be subject to federal income taxes on their benefits in 2024, so now is the time to consider the ...
Federal Realty Investment: The Opportunity Is Still There After Q1 2024
Seeking Alpha· 2024-06-15 16:18
| --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | Dividend King. As the ...
Here's Why You Should Retain Federal Realty (FRT) Stock Now
ZACKS· 2024-06-10 16:10
The company enjoys a well-diversified tenant base of retailers, including industry bellwethers like TJX Companies, Ahold Delhaize and CVS Corporation. This limits the company's risk to any particular retail industry and positions it well for experiencing a stable source of rental revenues. As of Mar 31, 2024, no single tenant accounted for more than 2.7% of the annualized base rent (ABR). We estimate year-over-year growth of 4.5%, 5% and 7.6% in the company's rental income in 2024, 2025 and 2026, respective ...
Federal Realty (FRT) Closes Third Street Promenade Portfolio Sale
ZACKS· 2024-06-07 13:10
Image Source: Zacks Investment Research One such strategic investment is the recent acquisition of Virginia Gateway, a dominant 110-acre retail hub located in Gainesville, VA. This acquisition added approximately 665,000 square feet of prime retail space to Federal Realty's portfolio and underscored its commitment to owning and operating high-quality, high-traffic retail properties in affluent markets. A diverse tenant base and a focus on essential retail ensure steady cash flows. The company's efforts to d ...
Federal Realty Investment Trust Completes Sale of Third Street Promenade Portfolio
Prnewswire· 2024-06-06 18:52
Strategic Disposition Enhances Focus on Key Markets and Financial Flexibility N. BETHESDA, Md., June 6, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) announced today the sale of its remaining assets on Third Street Promenade in Santa Monica, California. The portfolio, comprising eight buildings with a total of 185,000 square feet, was sold for $103 million. Including a previous transaction, the total proceeds from the Third Street Promenade assets amount to $120 million. "The divestiture o ...
Federal Realty (FRT) Grows With Virginia Gateway Acquisition
ZACKS· 2024-06-04 16:21
As part of a strategic step in fortifying its portfolio, Federal Realty (FRT) has acquired Virginia Gateway, a dominant 110-acre retail hub located in Gainesville, VA, for $215 million. This acquisition adds approximately 665,000 square feet of prime retail space to Federal Realty's portfolio and underscores its commitment to owning and operating high-quality, high-traffic retail properties in affluent markets. A highly visible and accessible retail center, Virginia Gateway is situated at the bustling inter ...
Federal Realty Acquires Virginia Gateway in Dynamic & Affluent Northern Virginia
Prnewswire· 2024-06-03 19:07
Virginia Gateway offers a diverse and unique mix of tenants and experiences across its 110-acres, organized into five distinct components: The property also benefits from shadow anchors such as Super Target, Lowe's, and BJ's Wholesale Club. Importantly, Virginia Gateway has approximately 300,000 square feet of small shop space which is expected to be a meaningful driver of future growth. For an aerial image of Virginia Gateway, click here. Gainesville, Virginia demonstrates robust demographics with the stro ...
Federal Realty Releases 2023 Sustainability Report
Prnewswire· 2024-05-30 11:30
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: Federal Realty Releases 2023 Sustainability ReportFederal Realty Releases 2023 Sustainability Report Reducing Scope 1 and 2 greenhouse gas (GHG) emissions by 3 ...
Federal Realty Investment Trust Announces Second Quarter 2024 Earnings Release Date and Conference Call Information
prnewswire.com· 2024-05-22 20:30
N. BETHESDA, Md., May 22, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) will announce second quarter 2024 earnings in a press release to be issued after market close on Thursday, August 1, 2024. The Company will host a conference call on Thursday, August 1 at 5:00 PM ET. Event: Federal Realty Investment Trust's Second Quarter 2024 Earnings Conference Call When: 5:00 PM ET, Thursday, August 1, 2024 Live Webcast: FRT Second Quarter 2024 Earnings Conference Call or www.federalrealty.com Dial ...