Federal Realty Op Lp Stock Price, News & Analysis

On September 15, 2021, Federal Realty Investment Trust (NYSE:FRT) announced its participation at the BofA Securities 2021 Global Real Estate Conference scheduled for September 21, 2021, at 9:00 AM ET. The presentation will be accessible via a live webcast, and a recording will be available within 24 hours post-event until December 22, 2021. Federal Realty specializes in high-quality retail properties along the U.S. East and West Coasts and has a strong track record, having increased dividends for 54 consecutive years.

Federal Realty Investment Trust (NYSE:FRT) has acquired Twinbrooke Shopping Centre in Fairfax, Virginia, for $33.8 million. The property spans 110,000 square feet and is 86% occupied, anchored by Safeway and Walgreens. This acquisition is part of Federal's strategy to enhance its portfolio, having already acquired 5 properties in 2021 totaling 1.9 million square feet valued at $441 million. The firm aims to increase property value through remerchandising and capital investments, strengthening its position in the growing Northern Virginia market.

Federal Realty Investment Trust (NYSE:FRT) reported strong second-quarter results for 2021, achieving a net income of $44.2 million or $0.57 per diluted share, up from $8.5 million last year. Funds from Operations (FFO) reached $110.1 million, or $1.41 per diluted share, compared to $58 million in Q2 2020. The portfolio was 92.7% leased, with 124 signed leases for 558,490 square feet. The company acquired four assets valued at $407 million, enhancing its growth prospects. Additionally, Federal Realty raised its quarterly dividend to $1.07 per share, marking the 54th consecutive year of dividend increases.

Federal Realty Investment Trust (NYSE:FRT) will announce its second quarter 2021 earnings in a press release after the market close on August 4, 2021. A conference call is scheduled for the same day at 5:00 PM ET. Federal Realty is recognized for owning, operating, and redeveloping high-quality retail properties primarily in coastal markets like Washington, D.C. to Boston and San Francisco. Notably, the company has increased its quarterly dividends for 53 consecutive years, marking the longest record in the REIT industry.

On June 7, 2021, Federal Realty Investment Trust (NYSE:FRT) announced the acquisition of four retail properties for a total gross value of $407 million. This includes Grossmont Shopping Center in San Diego, Chesterbrook Shopping Center in Virginia, and properties in Phoenix, Arizona. Federal expects to own an average of 80% interest across all assets, totaling 1.75 million square feet. The acquisitions, aimed at enhancing operational capabilities and value creation, are projected to close by the end of June, pending standard conditions.

Federal Realty Investment Trust (NYSE:FRT) has been recognized as a 2021 Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy's Better Buildings Alliance. This Gold Recognition highlights the company's commitment to energy efficiency and sustainability in its leasing practices. Federal Realty has maintained this prestigious status since 2018, aligning with its mission to promote cost-saving and environmental initiatives across its portfolio. The company manages 101 properties and has a long track record of increasing dividends for shareholders for 53 consecutive years.

On May 12, 2021, Federal Realty Investment Trust announced it has been recognized by GlobeSt. as one of the commercial real estate's Best Places to Work in 2021. The accolade highlights Federal Realty's dedication to employee satisfaction amidst challenging times. The company emphasizes a positive work culture with professional development opportunities, wellness initiatives, and strong support systems for employees. Additionally, Federal Realty has maintained its workforce without layoffs during the pandemic, showcasing its commitment to employee well-being and engagement.

Federal Realty Investment Trust (NYSE:FRT) reported its Q1 2021 results with net income of $0.60 per diluted share, down from $0.70 in Q1 2020. Funds from operations (FFO) per share also declined to $1.17 from $1.50 year-over-year. The portfolio was 91.8% leased, with strong leasing demand reflected by a 9% cash basis rollover growth. The company ended the quarter with $780 million in cash and maintained significant liquidity. A regular quarterly dividend of $1.06 per share was declared, with guidance for 2021 earnings per share between $1.54 to $1.70 and FFO of $4.54 to $4.70.