Federal Realty (FRT): The Dividend Aristocrat Strengthening its Portfolio Through Redevelopment

Core Insights - Federal Realty Investment Trust (NYSE:FRT) is recognized as one of the Top 15 Growth Stocks for Long-Term Investors [1] - The company is a real estate investment trust that focuses on acquiring and redeveloping premium shopping centers in prime metropolitan areas, enhancing their appeal for shoppers and tenants [2] - Federal Realty has a strong track record of dividend growth, having increased its quarterly dividend by 3% to $1.13 per share, marking 58 consecutive years of dividend increases [4] Company Overview - Federal Realty Investment Trust owns and operates strip malls and mixed-use properties, with a focus on premium shopping centers [2] - The company is diversifying its income sources by adding approximately 3,100 residential units, hotels, and office spaces to its portfolio [2] Financial Performance - The company has maintained a prudent payout ratio and solid balance sheet, allowing it to sustain its dividend and invest in portfolio expansion [3] - As of October 12, the stock offers an attractive dividend yield of 4.73% [4]