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Last $134.47 USD
Change Today -0.08 / -0.06%
Volume 24.4K
FRT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 10:12 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

federal realty invs trust (FRT) Snapshot

Open
$134.49
Previous Close
$134.55
Day High
$134.99
Day Low
$134.11
52 Week High
03/23/15 - $151.11
52 Week Low
09/25/14 - $116.50
Market Cap
9.3B
Average Volume 10 Days
326.6K
EPS TTM
$2.66
Shares Outstanding
68.7M
EX-Date
06/18/15
P/E TM
50.5x
Dividend
$3.48
Dividend Yield
2.52%
Current Stock Chart for FEDERAL REALTY INVS TRUST (FRT)

federal realty invs trust (FRT) Related Businessweek News

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federal realty invs trust (FRT) Details

Federal Realty Investment Trust operates as a real estate investment trust, which engages in the ownership, management, development, and redevelopment of retail and mixed-use properties. As of June 30, 2005, it owned or had a majority interest in 103 community and neighborhood shopping centers, and retail mixed-use properties (excluding joint venture properties) comprising approximately 17.4 million square feet located primarily in strategic metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, it had 30% interest in approximately 0.5 million square feet of retail space through its joint venture with an affiliate of Clarion Lion Properties Fund, and one apartment complex in Maryland. The company has elected to be taxed as a REIT. As a REIT, it is not subject to federal income tax on taxable income that it distributes to its shareholders. The company was founded in 1962 and is headquartered in Rockville, Maryland.

269 Employees
Last Reported Date: 02/10/15
Founded in 1962

federal realty invs trust (FRT) Top Compensated Officers

Chief Executive Officer, President and Truste...
Total Annual Compensation: $850.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $400.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2014.

federal realty invs trust (FRT) Key Developments

Federal Realty Announces Executive Appointments

Federal Realty announced the appointment of three executive positions to supplement its core portfolio operating team. Jeffrey S. Mooallem has been named Senior Vice President, Managing Director Core Shopping Center Operations and will report directly to President and CEO Donald C. Wood. Mr. Mooallem will be based in the Trust's Headquarters in Rockville, Md and brings over 20 years of real estate experience in operations, leasing, acquisitions, and development with such companies as Equity One and Turnberry Associates. He will be responsible for 58 shopping centers comprising 11 million square feet and generating nearly a quarter billion dollars of property level operating income from the Boston suburbs through metropolitan Washington DC including portfolios in Philadelphia, Baltimore, New York and New Jersey. He joins the Trust on June 8, 2015. Jarett L. Parker has been named Vice President, Asset Management Metro DC Region and will report directly to Mr. Mooallem. Mr. Parker will be primarily responsible for the performance of the Trust's Metro DC shopping center portfolio, comprised of 17 assets representing over 3 million square feet and generating over $90 million of property level operating income. Mr. Parker comes from Kimco Realty Corp, where he spent the last nine years in various positions culminating in Director of Asset Management for a portfolio in the mid-atlantic region. He joins the Trust on June 8, 2015. Michael R. Linson has been named Vice President Finance for the Core Shopping Center Division and will report directly to Mr. Mooallem with a dotted line to CFO James Taylor. Mr. Linson comes from the Penzance Company where he served as their Senior Vice President of Asset Management and the Mills Corporation (prior to that company's acquisition by Simon property Group) before that. He joins the Trust on June 4, 2015.

Federal Realty Investment Trust Seeks Acquisitions

Federal Realty Investment Trust (NYSE:FRT) is seeking acquisitions. Jim Taylor, Chief Financial Officer, said, "We are doing other acquisition opportunities and may incur additional transaction costs before we close anything." Don Wood, Chief Executive Officer, said, "When you look, we've done $1 billion worth of acquisitions in the last few years. It's not like we haven't done a lot. We do bigger ones and in every case, there is a different set of situation. So, I don't see that changing. I don't feel like that's changing, right now."

Federal Realty Mulls Acquisitions

Federal Realty Investment Trust (NYSE:FRT) is looking for acquisition opportunities. Federal Realty will use the net proceeds from the sale of common shares pursuant to the Plan, when and as received, to repay indebtedness, acquire additional properties, develop and redevelop existing properties, redeem any outstanding preferred shares and for working capital and general trust purposes.

 

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