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Federal Realty Investment Trust Earns Dual Top Workplace Honors from The Washington Post and San Francisco Chronicle
Prnewswire· 2024-09-16 19:30
Best-in-class REIT ranks among best employers in both the Washington, D.C. and Greater Bay AreasNORTH BETHESDA, Md., Sept. 16, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) has been named to both The Washington Post and The San Francisco Chronicle's prestigious 2024 Top Workplaces lists. These awards recognize Federal's leadership in fostering a workplace that prioritizes employee satisfaction, well-being, and long-term success.Based entirely on employee feedback, these honors underscore ...
Federal Realty Investment Trust (FRT) Bank of America 2024 Global Real Estate Conference (Transcript)
Seeking Alpha· 2024-09-11 04:17
Federal Realty Investment Trust (NYSE:FRT) Bank of America 2024 Global Real Estate Conference September 10, 2024 12:45 PM ET Company Participants Don Wood - CEO Dan Gee - CFO Leah Andress Brady - VP, IR Conference Call Participants Jeffrey Spector - Bank of America Jeffrey Spector Roundtable session with Federal Realty Investment Trust. I hope everyone had a good networking lunch, a little bit of coffee as we emerge for the afternoon sessions. To my right is Don Wood, CEO; and Dan Gee, CFO. And then Leah, I ...
Federal Realty Investment Trust (FRT) Bank of America 2024 Global Real Estate Conference (Transcript)
2024-09-11 04:17
会议主要讨论的核心内容 - 公司是一家历史悠久的购物中心房地产投资信托,自1962年成立以来一直保持稳定经营,经历了多个经济周期 [1][2][3] - 公司的投资策略是在人口密集、收入水平较高的沿海地区布局,并通过多元化的租户结构来维持现金流的稳定性 [3][4][5] - 公司在过去60年中一直保持每年增加股息的记录,这在经历了多次经济周期和重大事件后仍能实现 [5] - 公司在疫情期间受到一定影响,但已经实现了强劲的复苏,并预计未来几年内行业供需格局将保持有利 [6][7][8] 问答环节重要的提问和回答 - 分析师询问公司对当前消费者状况的看法,公司表示预计未来几年经济将呈现正常化,不会像疫情期间那样高涨,但仍有韧性,关键在于经营者的质量 [10][11][12][13][14] - 分析师问及公司住宅和办公物业的发展计划,公司表示将继续通过自持开发的方式增加这些业态,以提升整体现金流的增长潜力 [15][16][17][18][19][20][21][22] - 分析师询问公司未来的收购计划,公司表示将保持谨慎,关注在当前利率环境下能够实现收益增厚的机会 [29][30][31][32]
3 Top Dividend Stocks to Buy in September
The Motley Fool· 2024-09-07 17:55
Looking for good dividend stocks? These three stocks easily top the S&P 500's average yield.Are you looking for dividends? That's a tough one today, given the market's shockingly low 1.3% or so yield. But if you are willing to look, and perhaps make some reasonable risk/reward trade-offs, you can find great companies with yields well above that of the S&P 500 index.Here's why you might want to consider adding Federal Realty Investment Trust (FRT -0.42%), Realty Income (O 0.11%), and Toronto-Dominion Bank (T ...
Federal Realty Investment Trust Announces Third Quarter 2024 Earnings Release Date and Conference Call Information
Prnewswire· 2024-09-06 04:30
NORTH BETHESDA, Md., Sept. 5, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) will announce third quarter 2024 earnings in a press release to be issued after market close on Wednesday, October 30, 2024. The Company will host a conference call on Wednesday, October 30 at 5:00 PM ET. Event: Federal Realty Investment Trust's Third Quarter 2024 Earnings Conference CallWhen: 5:00 PM ET, Wednesday, October 30, 2024Live Webcast: FRT Third Quarter 2024 Earnings Conference Call or www.federalrealty.c ...
Federal Realty: Collect Up To 6% Yield From This Dividend King
Seeking Alpha· 2024-09-01 20:10
Moussa81Quality matters when it comes to picking stocks, and as Buffett once said, "it's better to own a wonderful company at a fair price than a fair company at a wonderful price." This is especially true when it comes to REITs that have stood the test of time. This, in turn, saves time on part of the investor in that they can focus their time on more productive things, rather than fretting about what impact a recession may have on their holdings. This brings me to Federal Realty Investment Trust (NYSE ...
Federal Realty Investment: Provides Stability But Underwhelming Growth (Downgrade)
Seeking Alpha· 2024-08-29 23:22
Richard Drury Overview In anticipation of interest rate cuts, I've been searching for opportunities within the real estate sector to capitalize. Federal Realty Investment Trust (NYSE:FRT) operates as a REIT that maintains a diverse portfolio of mainly retail based tenants across the US. As a dividend investor, I was also looking for a REIT that offered stability in dividend payouts and a reasonable level of growth over its history. FRT is the only REIT that has achieved dividend king status, with over 55 ...
Federal Realty Stock Up 18.2% in 3 Months: Will It Continue to Rise?
ZACKS· 2024-08-27 23:50
Shares of Federal Realty Investment Trust (FRT) have rallied 18.2% in the past three months, outperforming the industry's growth of 14.4%.Last month, the retail real estate investment trust (REIT) reported second-quarter 2024 funds from operations (FFO) per share of $1.69, surpassing the Zacks Consensus Estimate of $1.68. Results reflected healthy leasing activity and better-than-expected growth in revenues.This Zacks Rank #3 (Hold) company also raised its guidance for 2024. It projected FFO per share in th ...
Federal Realty Investment: Quality That Is Worth The Premium
Seeking Alpha· 2024-08-15 05:56
文章核心观点 - 公司在Q2'24财报中创下多项纪录,包括FFO每股收益创历史新高、同店NOI增长强劲、租赁量创新高,显示公司的核心业务表现持续改善[4][5] - 公司的租赁活动表现出色,新签租约和续租租金分别增长10%和2.4%,显示公司有较强的定价能力[5] - 公司资产负债表保持稳健,利息覆盖率和净债务/EBITDA比率均处于良好水平,为未来的并购活动提供了空间[5] - 公司上调了2024年全年FFO增长中值预期,反映出公司对未来业绩的信心[5] 根据目录分类总结 财务表现 - FFO每股收益创历史新高,达到1.69美元,超出指引[5] - 同店NOI增长2.9%,主要受益于住宅板块的强劲表现[5] - 出租率达95.3%,环比提升约100个基点[5] - 公司上调了2024年全年FFO增长中值预期,从6.77美元上调至6.79美元[5] 租赁活动 - 公司在Q2实现了594,000平方英尺的租赁量,创历史新高[5] - 新签租约和续租租金分别增长10%和2.4%,显示公司有较强的定价能力[5] - 租赁活动带来的收益将在未来几个季度逐步体现[5] 资产负债表 - 公司资产负债表保持稳健,净债务/EBITDA降至5.8倍,利息覆盖率提升至3.6倍[5] - 公司完成了约7亿美元的再融资,推迟了未来的债务到期[5] - 稳健的资产负债表为公司未来的并购活动提供了空间[5] 并购活动 - 公司在Q2完成了2.15亿美元的并购交易,包括收购Virginia Gateway和收购CocoWalk的少数股权[5] - 公司未来将加大并购力度,利用良好的资产负债表实力[5]
Federal Realty's (FRT) Q2 FFO & Revenues Beat, Dividend Hiked
ZACKS· 2024-08-03 00:15
文章核心观点 - 联邦房地产投资信托(FRT)第二季度每股基金运营(FFO)为1.69美元,超过了Zacks共识预估的1.68美元,同比增长1.2% [1] - 业绩反映了良好的租赁活动和收入增长超预期 [2] - 该零售房地产投资信托还收紧并提高了2024年每股FFO指引,并宣布提高股息 [2] 公司经营情况 - 第二季度租赁活动强劲,签署了124份租约,租赁面积为600,669平方英尺,同比现金基准增长10%,直线基准增长23% [5] - 截至6月30日,公司投资组合的占用率同比上升30个基点至93.1%,租赁率同比上升100个基点至95.3% [6] - 小型商铺的强劲租赁活动推动了第二季度末92.5%的租赁率,同比上升2.3% [7] - 公司第二季度可比物业经营收入增长2.9% [8] - 公司第二季度末现金及现金等价物为1.032亿美元,较第一季度末的9590万美元有所增加 [9] 投资活动 - 2024年4月,公司以1240万美元收购了位于迈阿密郊区CocoWalk合伙企业的10%少数股权,使其持股比例达到100% [10] - 2024年5月,公司以2.15亿美元收购了位于弗吉尼亚州Gainesville的664,000平方英尺、110英亩的超级区域性社区中心Virginia Gateway,进一步扩大了在该地区的业务 [11] - 2024年6月,公司以1.03亿美元出售了位于加利福尼亚州圣塔莫尼卡的Third Street Promenade的剩余资产,实现了5200万美元的出售收益 [12] 股息政策 - 公司宣布将季度现金股息从1.09美元提高至1.10美元,这是公司连续第57年增加普通股股息 [13][14] 指引调整 - 公司将2024年每股FFO指引调整至6.70-6.88美元,高于此前的6.67-6.87美元 [15]