Best-in-class REIT ranks among best employers in both the Washington, D.C. and Greater Bay Areas NORTH BETHESDA, Md., Sept. 16, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) has been named to both The Washington Post and The San Francisco Chronicle's prestigious 2024 Top Workplaces lists. These awards recognize Federal's leadership in fostering a workplace that prioritizes employee satisfaction, well-being, and long-term success. Based entirely on employee feedback, these honors underscor ...

Federal Realty Investment Trust (NYSE:FRT) Bank of America 2024 Global Real Estate Conference September 10, 2024 12:45 PM ET Company Participants Don Wood - CEO Dan Gee - CFO Leah Andress Brady - VP, IR Conference Call Participants Jeffrey Spector - Bank of America Jeffrey Spector Roundtable session with Federal Realty Investment Trust. I hope everyone had a good networking lunch, a little bit of coffee as we emerge for the afternoon sessions. To my right is Don Wood, CEO; and Dan Gee, CFO. And then Leah, I ...

Company Overview - Federal Realty Investment Trust is one of the oldest shopping center REITs in the U.S., established in 1962, with a focus on high-quality open-air shopping centers primarily located on the coasts from Boston to Washington D.C., Florida, and parts of California and Arizona [3][4] - The company has maintained a stable leadership with only three CEOs since its inception, indicating strong management stability [3] - Federal Realty has a diversified income stream, with 9% of its portfolio coming from residential properties and another 9% from office spaces, primarily within mixed-use developments [4][15] Financial Performance - The company has successfully increased its dividend to shareholders every year since 1967, showcasing a strong track record of cash flow generation [5] - The only significant disruption to its income stream occurred during COVID-19, but the company has since recovered and is performing well above pre-pandemic levels [6] - Federal Realty's business model is designed to withstand economic cycles, focusing on high-quality locations with strong demographics and barriers to entry [4][8] Market Dynamics - Currently, demand for open-air shopping centers exceeds supply, a shift from previous years when supply outpaced demand [7][8] - The lack of new retail supply since the financial crisis has benefited the industry, leading to improved performance for investments in open-air shopping centers post-COVID [7] - The company anticipates a more normalized economic environment moving forward, which may affect consumer spending levels compared to the overstimulated environment of the past few years [8][12] Strategic Initiatives - Federal Realty is focused on enhancing its portfolio through internal growth and acquisitions, leveraging a strong balance sheet to develop and acquire properties [5][25] - The company is actively pursuing residential development opportunities, particularly in mixed-use properties, to capitalize on the demand for amenitized living spaces [17][18] - Federal Realty aims to maintain a significant portion of its income stream from retail, with expectations that residential and office contributions will remain around 9-10% [15][16] Future Outlook - The company is optimistic about its growth prospects, expecting to continue sector-leading growth driven by high-quality assets and strong tenant performance [8][13] - Federal Realty is preparing for future development opportunities by entitling and designing residential projects during periods of high construction costs [17][18] - The management believes that a slow-growing, normalized economy will be beneficial for the company, as demand for quality retail space remains strong [14][19]

Group 1: Federal Realty Investment Trust (FRT) - Federal Realty is recognized as the only REIT Dividend King, boasting 57 consecutive annual dividend increases, the longest streak in the REIT sector [3][4] - The company manages a portfolio of around 100 well-located strip malls and mixed-use assets, actively buying and selling properties to enhance value [5] - The dividend yield stands at 3.8%, which is above the market average, reflecting the premium investors are willing to pay for its reliability [6] Group 2: Realty Income (O) - Realty Income offers a higher yield of 5%, significantly above the average REIT yield of 3.9% [7] - With a market capitalization of approximately $54 billion, Realty Income is a dominant player in the net lease niche, providing it with advantageous access to capital markets [8] - The company has maintained a 29-year streak of dividend increases, supported by a globally diversified portfolio [8] Group 3: Toronto-Dominion Bank (TD) - Toronto-Dominion Bank is currently facing regulatory challenges in the U.S. due to weaknesses in money laundering controls, leading to a projected fine of around $3 billion [9] - Despite these challenges, TD Bank has a strong foundation in Canada, where heavy regulation protects it from competition, and it has a historical track record of paying dividends since 1857 [10] - The bank's yield has risen to a historically high 5%, providing a compelling opportunity for long-term investors willing to wait for recovery [10] Group 4: General Dividend Investing Insights - The current market yield is around 1.3%, but there are still opportunities for finding high-yield dividend stocks like Federal Realty, Realty Income, and Toronto-Dominion Bank [1][11]

NORTH BETHESDA, Md., Sept. 5, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) will announce third quarter 2024 earnings in a press release to be issued after market close on Wednesday, October 30, 2024. The Company will host a conference call on Wednesday, October 30 at 5:00 PM ET. Investor Inquiries: Media Inquiries: Leah Andress Brady Brenda Pomar Vice President, Investor Relations Senior Director, Corporate Communications 301.998.8265 301.998.8316 [email protected] [email protected] Event ...

1 l - i t T 11 1 H 1 H T F I Moussa81 Quality matters when it comes to picking stocks, and as Buffett once said, "it's better to own a wonderful company at a fair price than a fair company at a wonderful price." This is especially true when it comes to REITs that have stood the test of time. This, in turn, saves time on part of the investor in that they can focus their time on more productive things, rather than fretting about what impact a recession may have on their holdings. This brings me to Federal Rea ...

Richard Drury Overview In anticipation of interest rate cuts, I've been searching for opportunities within the real estate sector to capitalize. Federal Realty Investment Trust (NYSE:FRT) operates as a REIT that maintains a diverse portfolio of mainly retail based tenants across the US. As a dividend investor, I was also looking for a REIT that offered stability in dividend payouts and a reasonable level of growth over its history. FRT is the only REIT that has achieved dividend king status, with over 55 ye ...

Core Viewpoint - Federal Realty Investment Trust (FRT) has shown strong performance with an 18.2% stock price increase over the past three months, outperforming the industry growth of 14.4% [1] Financial Performance - For Q2 2024, FRT reported funds from operations (FFO) per share of $1.69, exceeding the Zacks Consensus Estimate of $1.68, driven by healthy leasing activity and revenue growth [1] - The company raised its 2024 FFO per share guidance to a range of $6.70-$6.88 from the previous $6.67-$6.87, with the current Zacks Consensus Estimate at $6.81 [2] Portfolio and Growth Strategy - Federal Realty's portfolio includes premium retail assets in major coastal markets, contributing to its growth potential, with 124 leases signed for 600,669 square feet of retail space in Q2 2024 [2] - The company has acquired two assets totaling 880,000 square feet for $275 million and sold assets in Santa Monica for $103 million to optimize its portfolio [3] Diversification and Development - Federal Realty is diversifying its portfolio by exploring residential and office properties, as well as mixed-use developments, which are increasingly popular [4] Financial Stability - The company maintains a strong balance sheet with $1.3 billion in total liquidity and no debt maturities until 2026, ensuring financial stability [5] Dividend Policy - Federal Realty has a long-standing commitment to dividend payouts, marking 57 consecutive years of common dividend increases, supported by solid operating performance and balance sheet strength [6]

This real estate investment trust is designed for steady growth and has an unmatched dividend track record. There are only a few dozen stocks that have increased their dividends for more than 50 consecutive years, and only one real estate investment trust is a member of this exclusive club. Shopping center developer and manager Federal Realty Investment Trust (FRT 1.77%) has by far the longest streak of dividend increases in its sector, and one of the most impressive in the entire stock market. With that in ...

Core Viewpoint - Federal Realty Investment Trust (FRT) reported strong second-quarter 2024 results, with funds from operations (FFO) per share of $1.69, exceeding estimates and reflecting healthy leasing activity and revenue growth [1][2]. Financial Performance - FRT's quarterly revenues reached $296.1 million, surpassing the consensus estimate of $292.9 million and showing a 5.5% increase from the previous year [2]. - The FFO per share increased by 1.2% from $1.67 in the same quarter last year [1]. Leasing Activity - In the reported quarter, FRT signed 124 leases for 600,669 square feet of retail space, with an average rent of $37.72 per square foot, indicating cash-basis rollover growth of 10% and 23% on a straight-line basis [2]. - The portfolio occupancy rate rose by 30 basis points year over year to 93.1%, with a leasing rate of 95.3%, up 100 basis points from the previous year [3]. Operational Metrics - Comparable property operating income grew by 2.9% in the second quarter, excluding lease termination fees and prior-period rents [4]. - FRT ended the quarter with cash and cash equivalents of $103.2 million, an increase from $95.9 million at the end of the first quarter [4]. Portfolio Activity - In April 2024, FRT acquired a 10% non-controlling interest in the partnership owning CocoWalk for $12.4 million, bringing its ownership to 100% [5]. - In May 2024, FRT purchased the Virginia Gateway community center for $215 million, expanding its regional presence [5]. - FRT sold residual assets on Third Street Promenade for $103 million in June 2024, resulting in a gain of $52 million [6]. Dividend Announcement - FRT announced a quarterly cash dividend of $1.10 per share, an increase from $1.09, marking the 57th consecutive year of dividend increases [7]. - The new dividend reflects an annual rate of $4.40 per share, payable on October 15 to shareholders of record as of October 1, 2024 [7]. Guidance - FRT revised its 2024 FFO per share guidance to a range of $6.70-$6.88, up from the previous range of $6.67-$6.87, aligning with the Zacks Consensus Estimate of $6.80 [8].