Federal Realty Releases 2024 Sustainability Report

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Federal Realty Investment Trust (NYSE: FRT) has released its 2024 Sustainability Report, showcasing significant environmental achievements. The company reported a 35% reduction in Scope 1 and 2 greenhouse gas emissions, making substantial progress toward its Science Based Target initiative-approved goal of 46% reduction by 2030. FRT has established itself as an industry leader in renewable energy with 15.3MW of onsite solar generating capacity, the largest among shopping center companies according to the Black Bear Solar Leaderboard. Additionally, the company successfully sourced 51% of its total electricity consumption from zero-carbon power in 2024.

Positive

• 35% reduction in Scope 1 and 2 GHG emissions, showing strong progress toward 2030 goal
• Industry-leading 15.3MW of onsite solar generating capacity
• 51% of electricity consumption sourced from zero-carbon power

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• None.

N. BETHESDA, Md., May 29, 2025 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) announced today the publication of its 2024 Sustainability Report. The report highlights the company's accomplishments in sustainability aligned with its five key priorities that directly support its business strategy.

Key highlights from the report include:

• Achieved a 35% reduction in Scope 1 and 2 greenhouse gas (GHG) emissions—marking strong progress toward the Science Based Target initiative-approved goal of a 46% reduction by 2030
• Reached 15.3MW of onsite solar generating capacity, the largest of any shopping center company according to the Black Bear Solar Leaderboard, underscoring Federal's continued leadership in renewable energy
• Sourced 51% of total electricity consumption from zero-carbon power in 2024

View the full report for in-depth information pertaining to Federal Realty's sustainability initiatives by visiting www.federalrealty.com/sustainability-report-2024.

About Federal Realty

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as Northern and Southern California. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 103 properties include approximately 3,500 tenants, in 27 million commercial square feet, and approximately 3,100 residential units. 

Federal Realty has increased its quarterly dividends to its shareholders for 57 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.

Investor Inquiries: Jill Sawyer Senior Vice President, Investor Relations 301.998.8265 jsawyer@federalrealty.com

Media Inquiries: Brenda Pomar Senior Director, Corporate Communications 301.998.8316 bpomar@federalrealty.com

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SOURCE Federal Realty Investment Trust

FAQ

What are the key achievements in Federal Realty's (FRT) 2024 Sustainability Report?

Federal Realty achieved a 35% reduction in GHG emissions, reached 15.3MW of onsite solar capacity (highest among shopping centers), and sourced 51% of electricity from zero-carbon power in 2024.

How much progress has FRT made toward its 2030 emissions reduction goal?

FRT has achieved a 35% reduction in Scope 1 and 2 emissions, progressing toward its Science Based Target initiative-approved goal of 46% reduction by 2030.

What is Federal Realty's (FRT) solar power capacity in 2024?

Federal Realty has 15.3MW of onsite solar generating capacity, ranking as the largest among shopping center companies according to the Black Bear Solar Leaderboard.

What percentage of Federal Realty's electricity comes from zero-carbon sources in 2024?

Federal Realty sourced 51% of its total electricity consumption from zero-carbon power sources in 2024.