Federal Realty Releases 2024 Sustainability Report

Core Insights - Federal Realty Investment Trust has published its 2024 Sustainability Report, showcasing its sustainability achievements aligned with its business strategy [1][2]. Company Overview - Federal Realty is a leader in the ownership, operation, and redevelopment of high-quality retail properties, primarily in major coastal markets from Washington, D.C. to Boston and Northern and Southern California [3]. - The company was founded in 1962 and aims to deliver long-term sustainable growth by investing in communities where retail demand exceeds supply [3]. - Federal Realty's portfolio includes 103 properties, approximately 3,500 tenants, 27 million commercial square feet, and around 3,100 residential units [3]. Sustainability Achievements - The company achieved a 35% reduction in Scope 1 and 2 greenhouse gas emissions, progressing towards a goal of a 46% reduction by 2030 [5]. - Federal Realty reached 15.3MW of onsite solar generating capacity, the largest among shopping center companies, according to the Black Bear Solar Leaderboard [5]. - In 2024, 51% of the company's total electricity consumption was sourced from zero-carbon power [5]. Financial Performance - Federal Realty has increased its quarterly dividends to shareholders for 57 consecutive years, the longest record in the REIT industry [4].