Federal Realty Investment Trust

FRT
Sector

Real Estate

Industry

REIT - Retail

Market Cap

$9.12B

Employees

304

Company Overview

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as Northern and Southern California. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 102 properties include approximately 3,500 tenants, in 27 million commercial square feet, and approximately 3,100 residential units.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Rental income increased to $303.4 million, up from $286.3 million in the prior year, primarily due to a $7.9 million increase from comparable properties and $7.0 million from 2024 acquisitions. This indicates strong underlying performance and successful integration of new properties.

Property operating income increased to $203.7 million from $195.0 million in the prior year. This improvement is attributed to higher rental rates, occupancy, and contributions from acquisitions, demonstrating effective cost management.

Net income attributable to the Trust increased to $229.7 million from $172.9 million in the prior year. This significant increase reflects improved operating performance and strategic asset management.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

1 Insight

Capital Allocation

3 Insights

ESG initiatives

1 Insight

Market Environment

3 Insights