Last $116.12 USD
Change Today +1.53 / 1.34%
Volume 520.2K
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As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

federal realty invs trust (FRT) Key Developments

Federal Realty Investment Trust Enters into Long-Term Ground Lease for 11.6 Acres

Federal Realty Investment Trust has entered into a long-term ground lease for 11.6 acres directly across Winchester Boulevard from the popular shopping center and residence complex. The land is home to the Century 21, 22 and 23 dome theaters as well as Flames Coffee Shop (formerly a Bob's Big Boy) and adjacent to the Winchester Mystery House.

Federal Realty Investment Trust Presents at Citi 2014 Global Property CEO Conference, Mar-03-2014 07:30 AM

Federal Realty Investment Trust Presents at Citi 2014 Global Property CEO Conference, Mar-03-2014 07:30 AM. Venue: The Westin Diplomat, 3555 South Ocean Drive, Hollywood, FL 33019, United States. Speakers: Dawn M. Becker, Chief Operating Officer, Executive Vice President, General Counsel, Secretary and Member of Executive Investment Committee, Evan Goldman, Vice President of Development, James M. Taylor, Chief Financial Officer, Executive Vice President and Treasurer, Melissa Solis, Chief Accounting Officer and Vice President.

Federal Realty Investment Mulls Acquisitions

Federal Realty Investment Trust (NYSE:FRT) has filed a follow-on equity offering in the amount of $300 million. Federal Realty said, "We intend to use the net proceeds from this offering to fund potential acquisition opportunities."

Federal Realty Investment Trust Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Revised Earnings Guidance for the Year 2014; Declares Regular Quarterly Cash Dividend, Payable on April 15, 2014

Federal Realty Investment Trust reported consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total revenues of USD 163.846 million compared to USD 155.785 million a year ago. Operating income was USD 63.470 million compared to USD 65.490 million a year ago. Income from continuing operations was USD 29.603 million compared to USD 38.535 million a year ago. Net income was USD 29.603 million compared to USD 38.858 million a year ago. Net income attributable to the company was USD 28.456 million compared to USD 37.692 million a year ago. Diluted earnings per share from continuing operations was USD 0.42 compared to USD 0.57 a year ago. Diluted earnings per share were USD 0.42 compared to USD 0.58 a year ago. FFO was USD 68.373 million or USD 1.03 per diluted share compared to USD 71.744 million or USD 1.11 per diluted share a year ago. For the year, the company reported total revenues of USD 637.413 million compared to USD 605.791 million a year ago. Operating income was USD 254.161 million compared to USD 253.862 million a year ago. Income from continuing operations was USD 137.811 million compared to USD 142.972 million a year ago. Net income was USD 167.608 million compared to USD 156.232 million a year ago. Net income attributable to the company was USD 162.681 million compared to USD 151.925 million a year ago. Diluted earnings per share from continuing operations were USD 2.00 compared to USD 2.14 a year ago. Diluted earnings per share were USD 2.46 compared to USD 2.35 a year ago. FFO was USD 289.938 million or USD 4.41 per diluted share compared to USD 277.237 million or USD 4.31 per diluted share a year ago. The company provided earnings guidance for the year 2014. For the year, the company expects net income to be USD 180 million to USD 185 million, FFO to be USD 332 million to USD 337 million. Last quarter, the company provided an initial 2014 guidance in the range of USD 4.84 to USD 4.92, or 6% growth at the midpoint. The company has raised 2014 guidance, which is primarily the impact of the Metrovation acquisition, for FFO per diluted share to a range of USD 4.86 to USD 4.93 and updated earnings per diluted share guidance in the range of USD 2.54 to USD 2.62. The company announced that its Board of Trustees left the regular dividend rate on its common shares unchanged, declaring a regular quarterly cash dividend of USD 0.78 per share on its common shares, resulting in an indicated annual rate of USD 3.12 per share. The regular common dividend will be payable on April 15, 2014 to common shareholders of record on March 21, 2014.

Federal Realty Investment Trust Presents at Wells Fargo 17th Annual Real Estate Securities Conference, Feb-26-2014

Federal Realty Investment Trust Presents at Wells Fargo 17th Annual Real Estate Securities Conference, Feb-26-2014 . Venue: The Plaza Hotel, New York, New York, United States. Speakers: Donald C. Wood, Chief Executive Officer, President, Trustee and Chairman of Executive Investment Committee, James M. Taylor, Chief Financial Officer, Executive Vice President, and Treasurer.

 

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TEV/Sales 8.1x
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