ARE SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Alexandria Real Estate EquitiesNovember 28, 2025 9:35 AM EST | Source: Faruqi & Faruqi LLPFaruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Alexandria To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Alexandria between January 27, 2025 and October 27, 2025 and would like to discuss your legal rights ...

Core Insights - Federal Realty (FRT) is positioned for growth due to its upscale property locations, diversified tenant base, focus on mixed-use developments, and strong balance sheet [1][8]. Financial Performance - In Q3 2025, Federal Realty reported funds from operations (FFO) per share of $1.77, exceeding the Zacks Consensus Estimate of $1.76 and up from $1.71 a year ago [2]. - The company raised its 2025 FFO outlook following an increase in comparable property operating income, healthy leasing activity, and growth in comparable portfolio occupancy [2]. Market Position - Analysts are optimistic about Federal Realty, with the Zacks Consensus Estimate for its 2025 FFO per share raised to $7.23 [3]. - Over the past six months, FRT shares have increased by 2.7%, while the industry has declined by 1.7% [3]. Property Portfolio - Federal Realty's properties are located in premium retail markets along the U.S. coasts, enhancing growth potential [5]. - The company targets first-ring suburbs in nine major high-barrier markets, with an average population of 171,000 and a household income of $166,000, ensuring resilience and growth [6]. Tenant Diversification - The company has a diverse tenant base, with no single tenant accounting for more than 2.51% of the annualized base rent, which mitigates risk [7][8]. Mixed-Use Development - Federal Realty is focusing on mixed-use assets, creating urban neighborhoods that integrate residential, office, and retail spaces, appealing to consumers who prefer living and working in the same area [9]. Expansion Strategy - The company is actively pursuing expansion in premium markets, including the recent acquisition of Annapolis Town Center for $187 million, which adds approximately 479,000 square feet to its portfolio [10]. Financial Health - Federal Realty maintains a strong balance sheet with $111.3 million in cash and cash equivalents and a net debt-to-EBITDA ratio of 5.6 as of September 30, 2025 [11]. - The company holds credit ratings of BBB+ (Stable) and Baa1 (Stable) from Standard & Poor's and Moody's, respectively, allowing for favorable debt financing [11].

Core Insights - Plymouth Industrial REIT, Inc. (PLYM) has shown strong performance over the past year, with a gain of approximately 17% [1] - The company has been involved in M&A activities since the summer, with a 30-day go-shop period recently concluded [1] Company Performance - The stock has appreciated by about 17% over the last year, indicating solid market performance [1] M&A Activities - Plymouth Industrial REIT has been engaged in M&A drama since the summer, suggesting strategic moves to enhance its market position [1] - The conclusion of a 30-day go-shop period indicates a critical phase in its M&A strategy [1]

Core Viewpoint - The current environment is favorable for investing in REITs, with 66% of investors anticipating a decrease in the Fed Funds rate to between 2.75% and 3.50% over the next 12 months [1]. Group 1: Investment Environment - A significant majority of investors (66%) expect a reduction in the Fed Funds rate, which could enhance the attractiveness of REITs as an investment option [1].

Core Insights - The article highlights three notable REITs (Realty Income, Prologis, and Welltower) that are recommended for investors seeking dividend income and exposure to real estate markets [1][2][3]. Realty Income - Realty Income has a history of increasing dividends for over three decades and pays dividends monthly, with its 665th consecutive quarterly dividend recently paid [4][5]. - The company operates a low-overhead business model with a diversified portfolio of over 1,500 properties leased primarily under long-term triple-net lease agreements, ensuring stable rental income [5][8]. - In Q3, Realty Income reported revenue growth of 11% year-over-year to $1.47 billion and FFO per share of $1.07, with a portfolio occupancy rate of 98.7% [8]. Prologis - Prologis is the leading logistics REIT, owning or investing in approximately 1.3 billion square feet of property globally, and has increased its dividend for 12 consecutive years [9][10]. - The company reported a 4.2% increase in core FFO per share to $1.49 in Q3 2025, with record leasing activity of 62 million square feet and a portfolio occupancy rate of 95.3% [12][13]. - Prologis is strategically positioned to benefit from the growing e-commerce market and is expanding into the data center sector, securing 5.2 gigawatts of utility-fed power capacity [13]. Welltower - Welltower specializes in healthcare infrastructure, focusing on senior housing in the U.S., U.K., and Canada, with a current yield of about 1.5% [14][15]. - The company has launched a private funds management business to pursue broader investment opportunities and is focusing on its senior housing operating portfolio [15][18]. - In Q3, Welltower's normalized FFO per share increased by 21% year-over-year to $1.34, with same-store net operating income rising about 15% [18].

Core Viewpoint - Federal Realty Investment Trust (FRT) is highlighted as a leading REIT with a remarkable track record of 58 consecutive years of dividend growth, making it a strong candidate for income-focused investors [2][10]. Company Overview - Federal Realty Investment Trust, headquartered in North Bethesda, Maryland, was established in 1962 and is one of the original REITs [4][6]. - The company has successfully navigated various economic conditions, maintaining a consistent increase in cash distributions [2][6]. Financial Performance - The current market capitalization of Federal Realty Investment Trust is $9 billion, with a current stock price of $98.57 and a dividend yield of 4.49% [3]. - The REIT's gross margin stands at 38.79%, indicating a healthy operational efficiency [3]. Dividend Growth - Federal Realty has a forward dividend yield of 4.52%, and a hypothetical investment of $1.5 million could yield approximately $67,800 annually in dividend income [9]. - The recent dividend increase for 2025 raised quarterly payouts by about 2.7%, from $1.10 to $1.13 per share, reflecting a sustainable growth policy [10]. Investment Considerations - The REIT is particularly appealing to retirees and income-focused investors due to its ability to generate significant investment income [3][11]. - Investors seeking real estate exposure may find Federal Realty a strong choice, supported by its asset quality and strong balance sheet [12].

Core Insights - December 2025 marks a significant distribution period for Singapore REIT investors, with over S$400 million being distributed from four major REITs, indicating a strong presence in the market despite ongoing operational challenges [1] Group 1: Mapletree Pan-Asia Commercial Trust (MPACT) - MPACT increased its distribution per unit (DPU) by 1.5% year on year to S$0.0201 for 2QFY2026, marking the first increase in three years, driven by lower operating expenses and finance costs [2] - VivoCity, a key asset, reported a 14.1% rental reversion, with shopper traffic up 0.6% to 21.9 million and tenant sales growing 3.5% to nearly S$520 million, although it cannot sustain the REIT alone [3] Group 2: Mapletree Industrial Trust (MIT) - MIT's DPU declined by 5.6% year on year to S$0.032 in 2QFY2026, with a more modest underlying decrease of 2.2% after adjusting for last year's one-off divestment gain [5] - The REIT completed strategic divestments totaling S$535.3 million in Singapore at a premium of 22.1% over original cost, alongside a US$11.8 million divestment for a Georgia data center at almost 64% above the purchase price [5] - North American portfolio occupancy is at 87.8%, negatively impacting overall performance despite strong demand in the data center market [6] Group 3: Mapletree Logistics Trust (MLT) - MLT's DPU fell by 10.5% year on year to S$0.01815 for 2QFY2026, with a 4.8% decline from operations after excluding last year's divestment gains [8] - The REIT aims for S$100 to S$150 million in divestments for FY2026 to reinvest in modern assets with higher growth potential, although rental reversions in China remain a concern [9] Group 4: Frasers Logistics & Commercial Trust (FLCT) - FLCT's revenue grew by 5.6% to S$471.5 million, but a 26.4% increase in finance costs led to a 12.5% decline in DPU to S$0.0595 [10] - The logistics portfolio shows strength with 99.7% occupancy and 39.6% rental reversion, but occupancy in some areas remains below 90% [11] Group 5: Overall Market Sentiment - The distributions in December 2025 highlight the ongoing operational headwinds faced by Singapore REITs, with various strategies being employed to maintain payouts [12] - The key concern for investors is whether these REITs can achieve genuine distribution growth moving forward [13]

Core Viewpoint - Equity Residential has shown a positive performance with a 4.5% increase in shares since the last earnings report, outperforming the S&P 500 [1][2] Recent Earnings Report - For Q3 2025, Equity Residential reported a normalized FFO per share of $1.02, meeting estimates and reflecting a 4.1% year-over-year improvement [3] - Rental income reached $782.4 million, exceeding the consensus estimate of $781.4 million, and increased by 4.6% year over year [4] Financial Performance Details - Same-store revenues rose by 3% year over year, surpassing the estimate of 1.9%, while same-store expenses increased by 3.6% [5] - Same-store NOI grew by 2.8% year over year, exceeding the estimate of 1.7% [5] - The average rental rate increased by 2.7% year over year to $3,218, with physical occupancy improving by 20 basis points to 96.3% [5] Portfolio Activity - In Q3 2025, Equity Residential acquired a 375-unit property in Arlington, TX, for nearly $103 million and sold two properties for approximately $247.9 million [7] Balance Sheet Overview - The company ended Q3 2025 with cash and cash equivalents of $93.1 million, up from $31.3 million in the previous quarter [8] - The net debt to normalized EBITDAre ratio decreased to 4.41X from 4.45X [8] Share Repurchase - During Q3 2025, Equity Residential repurchased approximately 1.5 million common shares for a total value of $99.1 million [9] Revised Guidance - For Q4 2025, the company projects normalized FFO per share between $1.02 and $1.06 [10] - The full-year guidance for 2025 has been revised to a normalized FFO per share range of $3.98-$4.02, with expectations for same-store revenue growth of 2.5-3.0% and physical occupancy at 96.4% [11] Estimate Trends - Since the earnings release, there has been an upward trend in estimates for Equity Residential [12] VGM Scores - Equity Residential currently holds a subpar Growth Score of D and a similar score for momentum, with an aggregate VGM Score of F [13] Outlook - Estimates for the stock have been trending upward, and the company holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [14]

Core Viewpoint - Cousins Properties (CUZ) has seen a 1.6% increase in share price over the past four weeks, closing at $25.8, with a potential upside of 25.3% based on Wall Street analysts' mean price target of $32.33 [1][11]. Price Targets and Analyst Consensus - The average of 12 short-term price targets ranges from a low of $27.00 to a high of $35.00, with a standard deviation of $2.46, indicating a relatively tight clustering of estimates [2][9]. - The lowest estimate suggests a 4.7% increase from the current price, while the highest indicates a 35.7% upside [2]. Earnings Estimates and Analyst Agreement - There is strong agreement among analysts regarding CUZ's ability to report better earnings than previously predicted, which supports the expectation of a stock price increase [4][11]. - Over the last 30 days, two earnings estimates have been revised higher, leading to a 0.4% increase in the Zacks Consensus Estimate for the current year [12]. Zacks Rank and Investment Potential - CUZ holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential for upside [13]. - While the consensus price target may not be entirely reliable, the direction it implies appears to be a good guide for potential price movement [14].

Core Insights - Four Corners Property Trust (FCPT) has acquired two Hawaiian Bros properties for $5.9 million through a sale-leaseback transaction, indicating a strategic move to expand its portfolio in the fast casual dining sector [1][8] - The newly constructed properties are situated in strong retail corridors in Arizona and Texas, and are operated under long-term, triple-net leases, which are favorable for stable income generation [2][8] - FCPT's recent acquisitions reflect its diversification strategy, with a focus on high-quality, net-leased restaurant and retail properties, which enhances portfolio stability [4][5] Acquisition Details - The acquisition of the Hawaiian Bros properties is part of FCPT's ongoing strategy to expand its holdings in the restaurant sector, following a recent purchase of three automotive service properties for the same amount of $5.9 million [3][8] - In the third quarter of 2025, FCPT expanded its portfolio significantly by acquiring 28 properties valued at $82 million, with a cap rate of 6.8%, showcasing its active investment approach [4] Market Context - The company faces increasing competition from private equity funds in the net lease market, which may pressure acquisition yields and impact FCPT's ability to secure attractive deals [5] - Over the past three months, FCPT's shares have declined by 6.3%, contrasting with a 1.4% growth in the broader industry, indicating potential challenges in the current market environment [5]