Federal Realty Op Lp Stock Price, News & Analysis

On March 2, 2021, Federal Realty Investment Trust (NYSE:FRT) announced its participation in the Citi 2021 Virtual Global Property CEO Conference. President and CEO Donald C. Wood will present on March 10, 2021, from 8:15 AM ET to 8:50 AM ET. Investors can access the live webcast through this link or via the Investor section of their website. A replay will be available until March 10, 2022. Federal Realty continues to be a leader in high-quality retail properties along the U.S. coasts, boasting increased dividends for 53 consecutive years.

On February 11, 2021, Federal Realty Investment Trust (NYSE: FRT) announced the promotion of Jeffrey S. Berkes to President and Chief Operating Officer, overseeing all day-to-day operations. Berkes will lead the East and West Coast property operations, alongside newly appointed Presidents Wendy A. Seher and Jan Sweetnam. Berkes brings nearly 22 years of experience, having previously served as Chief Investment Officer and significantly growing the West Coast portfolio's operating income. The company also promoted key personnel in acquisitions and asset management.

Federal Realty Investment Trust (NYSE:FRT) released its operating results for the year and quarter ended December 31, 2020. For 2020, net income available for common shareholders was $123.7 million, or $1.62 per diluted share, down from $345.8 million, or $4.61 in 2019. The fourth quarter results showed a net income of $92.7 million and earnings of $1.22 per share. The company signed 449,783 square feet of leases in Q4 at an average rent of $32.16 psf. Despite COVID-19 impacts, the firm reported strong liquidity with $798 million cash and a $1 billion credit facility. A quarterly dividend of $1.06 is set for April 15, 2021.

Federal Realty Investment Trust (NYSE: FRT) will announce its fourth quarter 2020 earnings on February 11, 2021, after market close. A conference call will be hosted the same day at 5:00 PM ET. Federal Realty, a leader in high-quality retail properties primarily in coastal markets, has maintained a record of increasing dividends for 53 consecutive years. The company owns approximately 101 properties, with about 2,800 tenants and 2,800 residential units, emphasizing long-term sustainable growth.

Federal Realty Investment Trust (NYSE: FRT) announced the tax treatment for 2020 distributions to holders of its Common Shares and 5.000% Series C Cumulative Redeemable Preferred Shares. Key highlights include:

• Common Shares had a total distribution of $4.21 per share.
• Taxable ordinary dividends for common shares amounted to $3.45220.
• Preferred shares had total distributions of $1.25 per share with the same amount as taxable ordinary dividends.

Shareholders are advised to consult tax advisors for specific treatment.

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.