Federal Realty Op Lp Stock Price, News & Analysis

Federal Realty Investment Trust (NYSE:FRT) will release its fourth quarter 2020 earnings after market close on February 11, 2021. A conference call is scheduled for February 12, 2021, at 11:00 AM ET. The company, a leader in retail property ownership and redevelopment, focuses on affluent communities along the U.S. coastline from Washington, D.C. to Boston and California. Federal Realty has a notable history of raising dividends for 53 consecutive years, reflecting its commitment to shareholder returns.

Federal Realty Investment Trust (NYSE: FRT) announced the sale of three non-strategic properties, including The Shops at Sunset Place, for $170 million. The sales closed before year-end 2020. The Trust also repaid $250 million of 2.55% senior notes due 2021 and redeemed $250 million of 3.00% senior notes due 2022, eliminating public bonds maturing until June 2023. With an $800 million cash balance and a $1 billion credit facility, the company emphasizes the importance of a strong balance sheet for navigating the post-COVID retail recovery.

Federal Realty Investment Trust (NYSE:FRT) reported its third quarter 2020 results, highlighting challenges due to the COVID-19 pandemic. The net loss for common shareholders was $30.3 million, translating to earnings per diluted share of ($0.41). Funds from operations (FFO) fell to $85 million, or $1.12 per diluted share, compared to $108 million, or $1.43 per share, a year prior. The portfolio was 92.2% leased, with 101 leases signed. The company has $863 million in cash and liquidity of $1.9 billion. A quarterly dividend of $1.06 per share was declared, payable on January 15, 2021.

Federal Realty Investment Trust (NYSE: FRT) announced the pricing of its inaugural public offering of $400 million in 1.250% notes due February 15, 2026, with an effective yield of 1.379%. The offering is set to close on October 13, 2020, pending customary conditions. The proceeds will fund eligible green projects, including acquisitions and renovations of buildings meeting LEED certification standards. The company has a long-standing commitment to sustainability and has consistently increased dividends for 53 years, establishing it as a leader in the retail real estate sector.

On October 7, 2020, Federal Realty Investment Trust (NYSE: FRT) released a business update highlighting its leadership in owning and operating high-quality retail properties in major coastal markets. The company boasts a total of 104 properties, housing around 2,900 tenants across 24 million square feet, and approximately 2,800 residential units. Notably, Federal Realty has maintained an unparalleled record of increasing quarterly dividends for 53 consecutive years. This performance underscores its commitment to sustainable growth in densely populated, affluent communities.

Federal Realty Investment Trust (NYSE:FRT) is set to announce its third quarter 2020 earnings after market close on November 5, 2020. A conference call will follow on November 6, 2020, at 10:00 AM ET. The company has a long-standing reputation in owning and redeveloping retail properties across major coastal markets, including Washington, D.C., Boston, San Francisco, and Los Angeles. Federal Realty also boasts a 53-year record of increasing quarterly dividends, making it a significant player in the REIT sector and a member of the S&P 500.

Federal Realty Investment Trust (NYSE: FRT) will present at the BofA Securities 2020 Global Real Estate Virtual Conference on September 15, 2020, from 11:15 am ET to 11:50 am ET. The presentation will feature President and CEO Donald Wood and CFO Dan Guglielmone. Interested parties can access the live webcast here, with a replay available until December 15, 2020. Federal Realty is a leader in retail-based property management, known for its high-quality developments in coastal markets.

Federal Realty Investment Trust (NYSE:FRT) reported its Q2 2020 results, reflecting a net income of $8.5 million and earnings per diluted share of $0.11, down from $78.9 million and $1.05 in Q2 2019 due to COVID-19 impacts. The company generated FFO of $58.0 million ($0.77 per diluted share), a significant decline from $121.0 million ($1.60) a year earlier. Despite these challenges, Federal Realty increased its quarterly dividend to $1.06 per share, marking 53 consecutive years of dividend growth. The portfolio was 93% leased, with 68% of Q2 rents collected.