Federal Realty Investment Trust (FRT)
(Delayed Data from NYSE)
$116.19 USD
+2.02 (1.77%)
Updated Aug 23, 2024 04:00 PM ET
After-Market: $116.21 +0.02 (0.02%) 7:58 PM ET
3-Hold of 5 3
D Value D Growth C Momentum D VGM
Company Summary
North Bethesda, MD-based Federal Realty is a real estate investment trust (REIT) that owns, manages, develops and redevelops premium retail and mixed-use properties in the United States. The assets — community and neighborhood shopping centers and mixed-use properties — are mainly concentrated over strategically-selected metropolitan markets in the Northeast and Mid-Atlantic regions of the nation, California and South Florida. Federal Realty’s retail properties are anchored by supermarkets, drug stores or high-volume, value-oriented retailers, which provide consumer necessities.
As of Mar 31, 2024, the company owned or had a majority stake in ...
Company Summary
North Bethesda, MD-based Federal Realty is a real estate investment trust (REIT) that owns, manages, develops and redevelops premium retail and mixed-use properties in the United States. The assets — community and neighborhood shopping centers and mixed-use properties — are mainly concentrated over strategically-selected metropolitan markets in the Northeast and Mid-Atlantic regions of the nation, California and South Florida. Federal Realty’s retail properties are anchored by supermarkets, drug stores or high-volume, value-oriented retailers, which provide consumer necessities.
As of Mar 31, 2024, the company owned or had a majority stake in community and neighborhood shopping centers and mixed-use properties that are operated as 102 predominantly retail real estate projects. The projects comprise around 26.2 million commercial square feet of space. The retail shopping center and mixed-use properties are located in 12 states and the District of Columbia. The company had around 3,300 commercial tenants and 3,100 residential units.
In the second quarter of 2024, as part of a strategic step in fortifying its portfolio, Federal Realty acquired Virginia Gateway, a dominant 110-acre retail hub located in Gainesville, VA, for $215 million. Moreover, to optimize its portfolio and strengthen its balance sheet, during the second quarter of 2024, Federal Realty has taken a significant step by selling its remaining assets on Third Street Promenade in Santa Monica, CA, for $103 million. This sale completes the disposition of the portfolio, bringing total proceeds to $120 million, including a prior transaction.
Federal Realty also focuses on investing in densely populated, well-off communities where retail demand is high. Moreover, mixed-use developments have gained popularity in recent years and the company targets creating urban, mixed-use neighborhoods like Santana Row in San Jose, CA, Pike & Rose in North Bethesda, MD, and Assembly Row in Somerville, MA.
Note: All EPS numbers presented in this report represents funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
General Information
Federal Realty Investment Trust
909 ROSE AVENUE SUITE 200
NORTH BETHESDA, MD 20852
Phone: 301-998-8100
Fax: 301-998-3700
Web: http://www.federalrealty.com
Email: ir@federalrealty.com
Industry | REIT and Equity Trust - Retail |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/7/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.72 |
Current Year EPS Consensus Estimate | 6.81 |
Estimated Long-Term EPS Growth Rate | 7.80 |
Exp Earnings Date | 11/7/2024 |
Price and Volume Information
Zacks Rank | ![]() |
Yesterday's Close | 114.17 |
52 Week High | 115.05 |
52 Week Low | 85.59 |
Beta | 1.23 |
20 Day Moving Average | 640,344.62 |
Target Price Consensus | 117.84 |
4 Week | 8.53 |
12 Week | 17.55 |
YTD | 12.75 |
4 Week | 3.99 |
12 Week | 9.23 |
YTD | -5.14 |
Shares Outstanding (millions) | 82.95 |
Market Capitalization (millions) | 9,638.31 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 3.75% |
Annual Dividend | $4.36 |
Payout Ratio | 0.66 |
Change in Payout Ratio | -0.08 |
Last Dividend Payout / Amount | 6/21/2024 / $1.09 |
Fundamental Ratios
P/E (F1) | 17.07 |
Trailing 12 Months | 17.55 |
PEG Ratio | 2.19 |
vs. Previous Year | 1.20% |
vs. Previous Quarter | 3.05% |
vs. Previous Year | 5.48% |
vs. Previous Quarter | 1.62% |
Price/Book | 3.31 |
Price/Cash Flow | 16.95 |
Price / Sales | 8.27 |
6/30/24 | 10.07 |
3/31/24 | 8.34 |
12/31/23 | 8.35 |
6/30/24 | 3.45 |
3/31/24 | 2.84 |
12/31/23 | 2.85 |
6/30/24 | 1.74 |
3/31/24 | 1.69 |
12/31/23 | 2.64 |
6/30/24 | 1.74 |
3/31/24 | 1.69 |
12/31/23 | 2.64 |
6/30/24 | 24.69 |
3/31/24 | 20.55 |
12/31/23 | 20.93 |
6/30/24 | 24.69 |
3/31/24 | 20.55 |
12/31/23 | 20.93 |
6/30/24 | 25.66 |
3/31/24 | 21.51 |
12/31/23 | 21.84 |
6/30/24 | 35.09 |
3/31/24 | 34.19 |
12/31/23 | 35.36 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 1.57 |
3/31/24 | 1.59 |
12/31/23 | 1.60 |
6/30/24 | 60.73 |
3/31/24 | 60.97 |
12/31/23 | 61.18 |