Federal Realty Op Lp Stock Price, News & Analysis

Federal Realty Investment Trust (NYSE: FRT) announced the appointment of Thomas A. McEachin to its Board of Trustees, effective October 1, 2022. He replaces Mark S. Ordan, who resigned due to increased commitments as CEO of Pediatrix Medical Group. McEachin brings extensive financial expertise from roles at prominent companies, including Covidien Surgical Solutions. Federal Realty continues to be a leader in retail property ownership, boasting a track record of 55 consecutive years of quarterly dividend increases.

Federal Realty Investment Trust (NYSE: FRT) will announce its third quarter 2022 earnings after market close on November 3, 2022. A conference call is scheduled for the same date at 5:00 PM ET. The company operates high-quality retail properties in major coastal markets from Washington, D.C. to Boston, as well as San Francisco and Los Angeles. Federal Realty has maintained a record of increasing quarterly dividends for 55 consecutive years, the longest in the REIT industry.

Federal Realty Investment Trust (NYSE:FRT) will present at the BofA Securities 2022 Global Real Estate Conference on September 13, 2022, at 3:40 PM ET. Investors can access the live webcast on Federal Realty's website or via the BofA event link, with a replay available after the event until December 13, 2022. Federal Realty specializes in high-quality retail properties in major coastal markets, boasting a portfolio of 105 properties and a consistent dividend increase for 55 years, the longest in the REIT sector.

Federal Realty Investment Trust (FRT) reported strong Q2 2022 results, with net income of $59.7 million and earnings per diluted share of $0.75, up from $44.2 million and $0.57 in Q2 2021. The company achieved record funds from operations (FFO) of $131.6 million ($1.65 per diluted share) and an 8.2% growth in comparable property operating income. Occupancy reached 92.0%, and leasing activity was robust with 132 leases signed. The quarterly cash dividend increased to $1.08 per share, marking the 55th consecutive annual increase. The 2022 earnings and FFO guidance have also been raised.

Federal Realty Investment Trust (FRT) will announce its second quarter 2022 earnings before market open on August 4, 2022. The company will host a conference call at 11:00 AM ET on the same day to discuss the results. Federal Realty has a strong record, increasing quarterly dividends for 54 consecutive years, making it a leader in the REIT industry. The firm specializes in high-quality retail-based properties in major coastal markets, showcasing its commitment to sustainable growth.

Federal Realty Investment Trust (NYSE: FRT) released its 2021 ESG report, showcasing the Assembly Row project in Somerville, MA, which highlights positive environmental and financial impacts. Key achievements include a commitment to net zero emissions by 2050, a 39% reduction in Scope 1 and 2 emissions, and LEED Gold certification for the CocoWalk project. Additionally, Federal Realty expanded its solar capacity to 13.6 MW and enhanced climate scenario disclosures.

Federal Realty Investment Trust (NYSE:FRT) announced its Q1 2022 results, reporting net income of $50.0 million or $0.63 per diluted share, up from $46.2 million or $0.60 per diluted share year-over-year. The Trust generated funds from operations (FFO) of $119.1 million, or $1.50 per diluted share, compared to $91.1 million, or $1.17 per diluted share in Q1 2021. With a portfolio occupancy of 91.2% and leasing of 93.7%, the company signed 119 leases for 444,398 square feet. They also announced a quarterly dividend of $1.07, with guidance for earnings per diluted share increased to $2.36 - $2.56.

Federal Realty Investment Trust (NYSE: FRT) is acquiring Kingstowne Towne Center in Kingstowne, Virginia, for a total of $200 million. The acquisition will occur in two phases, with phase one completed for $100 million and phase two expected in July 2022. The property encompasses 410,000 square feet of retail space and is 97% leased, featuring tenants like Safeway, Giant, and T.J. Maxx. This addition strengthens Federal Realty's Northern Virginia portfolio, enhancing its presence in a high-traffic retail area that attracts approximately 8.3 million visitors annually.