Federal Realty Op Lp Stock Price, News & Analysis

Federal Realty Investment Trust (NYSE:FRT) will present at Citi's 2022 Global Property CEO Conference on March 7, 2022, from 7:30 AM ET to 8:05 AM ET. The presentation will be accessible via a live webcast on Federal Realty's website. The company, recognized for its high-quality retail properties in major coastal markets, has a long-standing commitment to sustainable growth, with a remarkable track record of increasing dividends for 54 consecutive years. A replay of the webcast will be available until March 7, 2023.

RLJ Lodging Trust announced the appointment of Robin Zeigler to its Board of Trustees, effective immediately. Ms. Zeigler brings over 25 years of real estate experience, having served as Executive VP at Cedar Realty Investment Trust and previously at Federal Realty Investment Trust. She will also join the Audit Committee and Nominating and Corporate Governance Committee. Ms. Zeigler is set to stand for election at the 2022 Annual Meeting of Shareholders, a move seen as positive amid the ongoing recovery in the lodging sector.

Federal Realty Investment Trust (NYSE:FRT) reported impressive financial results for the year and fourth quarter ending December 31, 2021. Net income for 2021 reached $253.5 million, or $3.26 per diluted share, up from $123.7 million in 2020. The fourth quarter net income was $112.9 million ($1.44 per diluted share), a 22% increase year-over-year. Funds from operations (FFO) rose to $5.57 per diluted share for the year. The Trust achieved record leasing activity, signing 462 leases for 2.1 million square feet in 2021. They also increased 2022 earnings guidance to $2.30-$2.50 per share.

Federal Realty Investment Trust (NYSE: FRT) announced significant promotions within its leadership team on February 9, 2022. Deirdre M. Johnson has been promoted to Senior Vice President, Asset Management, overseeing 4.5 million square feet in Virginia and Chicago. Michael Linson was named Senior Vice President, Finance, managing financial operations for 80 shopping centers totaling 18 million square feet. Leah Andress Brady became Vice President, Investor Relations, while Laura Houser was promoted to Vice President, Human Resources. These changes aim to enhance leadership and support continued growth.

Federal Realty Investment Trust (NYSE:FRT) will announce its fourth quarter 2021 earnings on February 10, 2022, after market close. A conference call for discussing the results will be held the same day at 5:00 PM ET. Federal Realty has consistently increased its quarterly dividends for 54 years, the longest in the REIT industry. The company is focused on high-quality retail properties primarily in coastal markets, with over 3,100 tenants and approximately 25 million square feet of owned space. Investors can access the live webcast and a replay of the call on the company’s website.

Federal Realty Investment Trust (NYSE: FRT) has announced a holding company reorganization to convert into an Umbrella Partnership Real Estate Investment Trust (UPREIT). This change will see a new holding company act as the publicly traded parent, while the existing REIT becomes a limited partnership. The reorganization is tax-deferred for shareholders and requires no shareholder approval under Maryland law. Effective January 1, 2022, the existing common and preferred shares will convert to identical shares of the new holding company. There will be no impact on existing shareholders or the company’s financial condition.

Federal Realty Investment Trust (NYSE:FRT) reported strong third-quarter results for 2021, with net income of $50.1 million or $0.64 per diluted share, up from a loss of $30.3 million or ($0.41) per diluted share in Q3 2020. Funds from operations (FFO) rose to $118 million, or $1.51 per share, compared to $85 million in the previous year. The portfolio occupancy increased to 90.2%, with significant leasing activity including 119 leases for 430,234 square feet. The company also raised its earnings guidance for 2021 and 2022, signaling confidence in its recovery.

On October 25, 2021, Federal Realty Investment Trust announced a long-term lease with Choice Hotels International for 105,000 square feet at 915 Meeting Street in North Bethesda, Maryland. This new 276,000-square-foot office building will feature top amenities and is set to begin construction later this year. Choice Hotels plans to relocate 400 employees there starting December 2023. The Pike & Rose development includes retail and dining options, contributing to the area's growth and corporate interest.