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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 ...

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 ...

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 ...

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 ...

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 ...