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 ...

Core Viewpoint - Federal Realty has strategically acquired Virginia Gateway, a significant retail hub in Gainesville, VA, for $215 million, enhancing its portfolio with 665,000 square feet of prime retail space and reinforcing its focus on high-quality retail properties in affluent markets [1]. Group 1: Acquisition Details - Virginia Gateway is a 110-acre retail center located at a busy intersection, currently about 95% occupied, and ranked third in Virginia for annual visits in 2023 [2]. - The acquisition adds to Federal Realty's presence in Northern Virginia, expanding it to 3.6 million square feet [6]. Group 2: Tenant and Retail Mix - The retail center features a diverse tenant mix across five sections, including a grocery-anchored shopping center and national specialty retailers [3]. - Major retailers such as HomeGoods, Ulta Beauty, Total Wine & More, and Hobby Lobby are present, along with shadow anchors like Super Target and Lowe's, enhancing consumer appeal [4]. Group 3: Economic and Demographic Factors - Gainesville, VA, has strong economic fundamentals, with an average household income exceeding $184,000 within a three-mile radius, which is higher than Federal Realty's existing portfolio average [5]. - The area's job growth, particularly from the Dulles Technology Corridor, positions Virginia Gateway for sustained performance and growth [5]. Group 4: Future Outlook - Federal Realty's focus on premium retail assets in affluent communities, along with a diverse tenant base, is expected to ensure steady cash flows and long-term growth [7]. - The company is also working on diversifying its portfolio and improving operating performance through asset redevelopment and repurposing [7].

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 ...

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 ...

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 ...

NEW YORK, May 16, 2024 /PRNewswire/ -- Fifth Wall—the largest asset manager focused on improving, future-proofing, and decarbonizing the built world—today announced Federal Realty Investment Trust (NYSE: FRT)—a fully integrated US-based retail real estate company focused on risk-adjusted capital allocation—has committed to invest with Fifth Wall. This investment highlights Federal Realty's continued commitment to delivering long-term, innovative as well as sustainable growth across its best-in-class portfol ...

wichayada suwanachun/iStock via Getty Images FRT stock: buy wonderful businesses at fair valuations The current situation surrounding Federal Realty Investment Trust (NYSE:FRT) is a textbook reflection of the wisdom to buy/hold wonderful businesses at fair prices (rather than fair businesses at wonderful prices). The chart below summarizes FRT stock’s valuation grade in comparison to the sector median. As seen, FRT multiples are not cheap in any way or by any standard. Based on the data here, FRT's P/E ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO THE SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Table of Contents OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-07533 (Federal Realty Investment Trust) Commission file number: 333-262016-01 (Federal Realty OP LP) FEDERAL REALTY IN ...

FEDERAL REALTY INVESTMENT TRUST SUPPLEMENTAL INFORMATION March 31, 2024 TABLE OF CONTENTS | 1 | First Quarter 2024 Earnings Press Release | 3 | | --- | --- | --- | | 2 | Financial Highlights | | | | Consolidated Income Statements | 7 | | | Consolidated Balance Sheets | 8 | | | Funds From Operations / Other Supplemental Information | 9 | | | Components of Rental Income | 10 | | | Comparable Property Information | 11 | | | Market Data, Debt Metrics, and Senior Notes and Debentures Covenants | 12 | | 3 | Summa ...

Wall Street analysts forecast that Federal Realty Investment Trust (FRT) will report quarterly earnings of $1.65 per share in its upcoming release, pointing to a year-over-year increase of 3.8%. It is anticipated that revenues will amount to $287.13 million, exhibiting an increase of 5.2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a w ...