Table of Contents 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 September 30, 2024 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 REALT ...

NORTH BETHESDA, Md., Oct. 30, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) today reported operating results for its third quarter ended September 30, 2024. For the three months ended September 30, 2024 and 2023, net income available for common shareholders was $0.70 per diluted share and $0.67 per diluted share, respectively. For the three months ended September 30, 2024 and 2023, operating income was $105.8 million and $100.1 million, respectively. Highlights for the third quarter includ ...

Core Viewpoint - Federal Realty Investment Trust (FRT) is preparing to report its third-quarter 2024 results on October 30, with analysts and investors keen to evaluate its performance amid current economic conditions [1][2]. Industry Overview - The U.S. retail real estate market experienced a pullback in net absorption for shopping centers in Q3, leading to a slight negative shift [3]. - Negative net absorption totaled 0.26 million square feet, primarily driven by a decline of 1.8 million square feet in the southern region [4]. - Asking rents for U.S. shopping centers increased by 3.4% year over year, reaching $24.54 per square foot [4]. - New construction activity remains low, with only 11.1 million square feet under construction in a market with an inventory of 4.31 billion square feet, indicating minimal supply risk [5]. Company Performance Insights - FRT is expected to benefit from its portfolio of high-quality retail properties located in major coastal markets, which enhances its resilience and growth potential [6]. - The company has maintained high occupancy rates due to favorable demographics and a diverse tenant base, which contributes to stable rental income [7]. - FRT's strategic focus on mixed-use properties is likely to support its performance by attracting varied tenants and consumers [7]. Financial Projections - FRT's leasing rate is estimated at 95.4%, reflecting a 10 basis point increase sequentially, while rent per square foot is projected to grow by 3.6% year over year [9]. - The Zacks Consensus Estimate for quarterly revenues is $301.24 million, indicating a 5.11% increase from the previous year [9]. - Rental income from minimum rents is expected to reach $196.03 million, up from $187.30 million year-over-year, while rental income from cost reimbursements is projected at $57.51 million, an increase from $53.64 million [10]. - Interest expenses are estimated to increase by 3.5% year-over-year for the third quarter of 2024 [10]. Analyst Sentiment - Analysts have shown caution regarding FRT's activities in the upcoming quarter, with the Zacks Consensus Estimate for FFO per share remaining unchanged at $1.72, suggesting a 4.24% year-over-year increase [11]. - The current Earnings ESP for FRT is 0.00%, and it holds a Zacks Rank of 3, indicating a neutral outlook for potential surprises in FFO per share [12].

If you are looking for generous yields and reliable dividends, this trio of dividend stocks has you covered, with yields up to 5%. Finding attractive dividend yields while the S&P 500 index is offering a scant 1.2% yield is pretty hard, but it isn't impossible. One area to look at is real estate investment trusts (REITs), which as a group have a yield of 3.7%, using the Vanguard Real Estate Index ETF as an industry proxy. But you can do even better than that if you are picky, and you don't have to give up y ...

Core Insights - The article discusses the ideal image of retirees enjoying their retirement, often depicted as individuals relaxing on a beach in a foreign country, symbolizing the rewards of their hard work [1] Group 1 - The author identifies as a contributing analyst for the iREIT+Hoya Capital investment group, focusing on dividend investing in quality blue-chip stocks, BDCs, and REITs [2] - The investment strategy emphasized is a buy-and-hold approach, prioritizing quality over quantity, with a goal to supplement retirement income through dividends within the next 5-7 years [2] - The author aims to assist lower and middle-class workers in building investment portfolios comprised of high-quality, dividend-paying companies, promoting financial independence [2]

Federal Realty (FRT) is poised to ride the growth curve on its properties' upscale locations with well-off communities and favorable demographics. Efforts to diversify its portfolio and strengthen its mixed-use assets, backed by a solid balance sheet, seem encouraging for long-term growth. However, higher e-commerce adoption and the choppiness in the job market raise concerns. What's Aiding Federal Realty? Federal Realty owns properties in the first-ring suburbs of the nine major metropolitan markets of the ...

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]