Federal Realty Investment Trust (N:FRT)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 909 Rose Avenue, Suite 200
NORTH BETHESDA MD 20852
Tel: N/A
Website: https://www.federalrealty.com
IR: See website
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Key People
Jeffrey S. Berkes
President, Chief Operating Officer 		Donald C. Wood
Chief Executive Officer, Trustee 		Daniel Guglielmone
Chief Financial Officer, Executive Vice President, Treasurer
Dawn M. Becker
Executive Vice President, General Counsel, Secretary 		   
Business Overview
Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company is engaged in ownership, operation and redevelopment of retail-based properties located in coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Its portfolio includes retail in many formats ranging from regional, community and neighborhood shopping centers that often are anchored by grocery stores to mixed-use properties that are centered around a retail component but also include office, residential and/or hotel components. These properties are located in metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, California, and South Florida. The Company's 102 properties include approximately 3,200 tenants, in 26 million square feet. The Company has approximately 3,300 commercial leases and 3,000 residential leases, with tenants ranging from sole proprietors to national and international retailers.
Financial Overview
For the fiscal year ended 31 December 2023, Federal Realty Investment Trust revenues increased 5% to $1.13B. Net income applicable to common stockholders decreased 39% to $227.7M. Revenues reflect NAREIT FFO - Per Share - Diluted - Total increase of 4% to $6.55, Mortgage interest increase of 2% to $1.1M. Net income was offset by Gain on sale of real estate and change i decrease of 89% to $9.9M (income).
Employees: 297 as of Feb 7, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $12,570M as of Dec 31, 2023
Annual revenue (TTM): $1,132M as of Dec 31, 2023
EBITDA (TTM): $718.35M as of Dec 31, 2023
Net annual income (TTM): $227.67M as of Dec 31, 2023
Free cash flow (TTM): -$175.11M as of Dec 31, 2023
Net Debt Last Fiscal Year: $4,361M as of Dec 31, 2023
Shares outstanding: 82,944,318 as of Mar 13, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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