FRT - Federal Realty Investment Trust

Federal Realty Investment Trust (the "Trust") is a leading equity real estate investment trust (REIT) specializing in the ownership, management, and redevelopment of high-quality retail and mixed-use properties. With a strategic focus on communities where retail demand surpasses supply, Federal Realty operates predominantly in the Mid-Atlantic and Northeast regions, as well as California and South Florida. As of December 31, 2023, it owns or has a majority interest in 102 retail real estate projects encompassing approximately 26.0 million commercial square feet, boasting high occupancy rates of 92.2%. The Trust generates revenue mainly through lease agreements with tenants and has a strong track record of delivering consistent dividends to shareholders since its establishment in 1962.

The company's business strategy involves actively managing and enhancing its properties to maximize rents and occupancy rates. Federal Realty focuses on maintaining a diverse tenant mix, optimizing the merchandising of its retail spaces, and continuously redeveloping properties to improve their value. Its investment approach emphasizes the renovation and expansion of existing properties and the acquisition of new ones in densely populated, affluent areas. The company is committed to leveraging demographic advantages to support higher tenant sales, ensuring strong financial performance and shareholder returns.