Federal Realty Investment Trust
0IL1.L
London Stock Exchange120.55
USD
-0.85
- -
Federal Realty Investment Trust
0IL1.L
(London Stock Exchange)
Recent
price
120.55
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Federal Realty Investment Trust (NYSE: FRT; LSE: 0IL1) operates as a fully integrated real estate investment trust focused on the ownership, operation, redevelopment, and development of high-quality retail-based and mixed-use properties located primarily in affluent, densely populated coastal markets across the United States. Its portfolio comprises approximately 104 properties totaling around 27 million square feet of retail space, over 2,800 residential units, and more than 2,800 tenants; these include grocery-anchored neighborhood and community shopping centers, superregional centers, power centers, street retail, lifestyle centers, and large-scale mixed-use developments incorporating office, residential, and hotel components. The company targets markets with superior demographics, high barriers to entry, and retail demand exceeding supply, such as the Northeast, Mid-Atlantic regions from Washington, D.C. to Boston, California, South Florida, and select expansions into areas like Kansas, Nebraska, and Maryland. Founded in 1962 and headquartered in North Bethesda, Maryland, Federal Realty maintains the longest record of consecutive annual dividend increases among U.S. REITs at 53 years and holds S&P 500 index membership. Core offerings encompass leasing to national and local retailers, restaurants, service providers, and entertainment venues; comprehensive property management services including tenant relations, maintenance, leasing, and financial reporting; proactive redevelopment and renovation initiatives to enhance asset value through remerchandising and mixed-use transformations; and strategic development of live-work-play destinations backed by over 25 years of experience. The company's flexible portfolio supports evolution via tenant improvement programs averaging $35 per square foot, flexible lease terms, and annual capital expenditures of around $42 million for maintenance and improvements. In recent developments, Federal Realty has pursued a disciplined acquisition strategy targeting dominant retail assets in high-growth markets, including the October 2025 purchase of Annapolis Town Center in Maryland for $187 million at a 7% unlevered yield, the December 2025 acquisition of Village Pointe, a 453,000-square-foot open-air lifestyle center in Omaha, Nebraska, for $153.3 million, and the July 2025 acquisition of Town Center Plaza and Town Center Crossing in Leawood, Kansas, where post-acquisition leasing has reached 80,000 square feet with tenants like LEGO and Coach. Total 2025 acquisitions, including pending deals, exceed $750 million at a blended 7% cash yield and 88% initial occupancy, contributing to 6.1% revenue growth over the trailing twelve months and strong leasing momentum with portfolio occupancy near 93.5%. Ongoing projects include expanded redevelopment spending at Bala Cynwyd to $57 million (within a $90-95 million total budget), alongside leadership continuity under President and CEO Donald C. Wood and sustained sustainability efforts earning top GRESB rankings and workplace awards in 2025.