Last $132.95 USD
Change Today +2.16 / 1.65%
Volume 390.1K
FRT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

federal realty invs trust (FRT) Snapshot

Open
$131.07
Previous Close
$130.79
Day High
$133.01
Day Low
$130.71
52 Week High
11/5/14 - $136.54
52 Week Low
12/13/13 - $99.83
Market Cap
9.1B
Average Volume 10 Days
383.3K
EPS TTM
$2.47
Shares Outstanding
68.1M
EX-Date
12/30/14
P/E TM
53.8x
Dividend
$3.48
Dividend Yield
2.42%
Current Stock Chart for FEDERAL REALTY INVS TRUST (FRT)

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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.

266 Employees
Last Reported Date: 02/11/14
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, General Counsel, Exe...
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2013.

federal realty invs trust (FRT) Key Developments

Federal Realty Announces Completion of Solar Project at Huntington Square Shopping Center

Federal Realty Investment Trust announced the completion and electrification of its solar project at Huntington Square Shopping Center, located in East Northport, New York. As part of the Trust's sustainability efforts within the region, Federal Realty has already completed solar installations at properties in Connecticut, Massachusetts and New Jersey. At Huntington Square and Melville Mall in Melville, New York, Long Island Power Authority and Federal Realty entered into an agreement for LIPA and PSE&G to purchase 100% of the power generated by the rooftop facilities. The project was assisted by the New York State Department of Public Service to ensure timely completion and expand renewable energy capabilities to Long Island.

Federal Realty Investment Trust Declares Regular Quarterly Cash Dividend, Payable on January 15, 2015

Federal Realty Investment Trust announced that its Board of Trustees declared a regular quarterly cash dividend of $0.87 per share, resulting in an indicated annual rate of $3.48 per share. The regular common dividend will be payable on January 15, 2015, to common shareholders of record as of January 2, 2015.

Federal Realty Investment Trust Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Financial Guidance for the Year 2014 and Provides Financial Guidance for the Year 2015

Federal Realty Investment Trust reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported FFO of $84.5 million, or $1.23 per diluted share. This compares to FFO of $76.4 million, or $1.16 per diluted share, in third quarter 2013. Total revenue was $170.938 million against $159.030 million a year ago. Operating income was $67.622 million against $64.701 million a year ago. Income from continuing operations was $44.648 million against $39.390 million a year ago. Net income available for common shareholders was $46.939 million against $61.962 million a year ago. Earnings per diluted share, diluted from continuing operations were $0.62 against $0.57 a year ago. Earnings per diluted share were 0.69 against $0.94 a year ago. FFO excluding early extinguishment of debt was $84.467 million against $76.368 million a year ago. FFO excluding early extinguishment of debt, per diluted share was $1.23 against $1.16 a year ago. For the nine months, the company reported FFO of $249.9 million, or $3.66 per diluted share, compared to $221.6 million, or $3.38 per diluted share for the same nine-month period in 2013. Total revenue was $509.713 million against $473.567 million a year ago. Operating income was $199.427 million against $190.691 million a year ago. Income from continuing operations was $130.609 million against $108.208 million a year ago. Net income available for common shareholders was $128.967 million against $133.819 million a year ago. Earnings per diluted share, diluted from continuing operations were $1.84 against $1.58 a year ago. Earnings per diluted share were $1.91 against 2.04 a year ago. FFO excluding early extinguishment of debt was $249.852 million against $224.949 million a year ago. FFO excluding early extinguishment of debt, per diluted share was $3.66 against $3.43 a year ago. The company increased its guidance for 2014 FFO per diluted share to a range of $4.92 to $4.94, from $4.90 to $4.94. 2014 earnings per diluted share guidance are $2.57 to $2.61. This increase is in part due to less downtime on delivering in the third quarter on some larger space. The company expects net income between $183 million to $186 million; depreciation and amortization of real estate & joint venture real estate assets of $153 million; amortization of initial direct costs of leases of $11 million; and funds from operations available for common shareholders between $337 million to $338 million. The company provided initial 2015 FFO per diluted share guidance of $5.26 to $5.34 and 2015 earnings per diluted share guidance of $2.86 to $2.94. The company expects net income between $209 million to $214 million; depreciation and amortization of real estate & joint venture real estate assets of $155 million; amortization of initial direct costs of leases of $13 million; and funds from operations available for common shareholders between $369 million $375 million. .

 

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