Welcome to our dedicated page for Federal Realty Op Lp news (Ticker: FRT), a resource for investors and traders seeking the latest updates and insights on Federal Realty Op Lp stock.
Federal Realty Investment Trust owns, operates and redevelops retail-based real estate as a publicly traded REIT under the FRT symbol. Its news commonly covers quarterly results, portfolio occupancy and leased rates, comparable property operating income, tenant activity, and performance across open-air shopping centers and mixed-use destinations such as Santana Row, Pike & Rose and Assembly Row.
Company updates also include acquisitions of grocery-anchored retail assets, dispositions under capital recycling programs, residential-over-retail redevelopment projects, dividend actions, conference presentations and leadership changes tied to its regional property platform.
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Federal Realty Investment Trust (NYSE:FRT) will announce its first quarter 2023 earnings on May 4, 2023, after market close. A live conference call will be hosted on the same day at 5:00 PM ET. The call can be accessed via a live webcast or by dialing 844-826-3035 with the passcode 8664992. A replay will be available after the call and through May 25, 2023. Federal Realty, a leader in owning and redeveloping high-quality retail properties in major coastal markets, boasts a robust portfolio of 103 properties and a longstanding history of dividend increases for 55 consecutive years.
On April 10, 2023, Federal Realty Investment Trust (NYSE: FRT) announced the pricing of its public offering of $350 million in 5.375% notes due May 1, 2028, with an effective yield of 5.468%. The offering is expected to close on April 12, 2023, pending customary conditions. The net proceeds will finance eligible green projects, such as building acquisitions and developments that receive LEED Gold or Platinum certification. Funds will also be allocated for repaying existing debt, including outstanding 2.75% Notes due 2023, and for general corporate purposes. This offering involves several financial institutions as joint book-running managers. Federal Realty has a long history of delivering dividends, increasing them for 55 consecutive years, and remains a prominent REIT with a focus on high-quality retail properties.
On March 1, 2023, Federal Realty Investment Trust (NYSE: FRT) announced its participation in Citi's 2023 Global Property CEO Conference on March 6, 2023, from 7:15 AM ET to 7:50 AM ET. This event will showcase the company's expertise in owning and redeveloping retail properties across major coastal markets from Washington, D.C. to Boston. The presentation will be available via a live webcast on Federal Realty's website and will be accessible for replay until March 6, 2024. Federal Realty boasts a long-standing record of dividend growth, marking 55 consecutive years of increases, making it a notable player in the REIT industry.
Federal Realty Investment Trust (NYSE: FRT) announced its operating results for the year and quarter ending December 31, 2022. Net income available for common shareholders rose to $4.71 per diluted share from $3.26 in 2021. Operating income also increased, reaching $526.4 million for 2022, compared to $394.7 million the previous year. The Trust reported FFO per diluted share of $6.32 for 2022, up from $5.57 in 2021. The portfolio's occupancy was 92.8%, with robust leasing activity leading to 105 signed leases in Q4. The Board declared a quarterly dividend of $1.08 per share, payable on April 17, 2023. Guidance for 2023 indicates EPS of $2.59 to $2.79 and FFO of $6.38 to $6.58.