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Federal Realty Completes $170 Million in Asset Dispositions as Part of Capital Recycling Strategy
Prnewswire· 2025-12-17 21:05
Core Insights - Federal Realty Investment Trust has completed the sale of two assets for approximately $170 million, aligning with its long-term strategy to recycle capital into high-quality growth opportunities [1] - The company emphasizes its ability to unlock value in mixed-use environments, providing a cost of capital advantage to self-fund growth [1] - Total disposition proceeds for 2025 have reached $316 million at a blended yield of approximately 5.7%, highlighting the company's focus on active portfolio curation and disciplined capital allocation [1] Company Overview - Federal Realty is a leader in the ownership, operation, and redevelopment of high-quality retail-based properties, primarily in major coastal markets and select underserved regions [2] - The company aims for long-term sustainable growth by investing in communities where retail demand exceeds supply, with a portfolio that includes open-air shopping centers and mixed-use destinations [2] - As of September 30, 2025, Federal Realty's portfolio consists of 103 properties, approximately 3,600 tenants, 27.9 million commercial square feet, and around 3,000 residential units [2] Dividend History - Federal Realty has increased its quarterly dividends to shareholders for 58 consecutive years, the longest record in the REIT industry [3] - The company is a member of the S&P 500 index and trades on the NYSE under the symbol FRT [3]