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Security Profile
- Security Type
- Real Estate Investment Trust (REIT)
- CUSIP
- 313745101 (prev. 313747206 )
- Market Cap
- Large Cap
Business: Federal Realty Investment Trust is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 50 consecutive years, the longest record in the REIT industry.
Notes: Dec. 2, 2021 -- Federal Realty Investment Trust (NYSE: FRT) today announced that it intends to complete a holding company reorganization ("Reorganization") that would structure the company as an Umbrella Partnership Real Estate Investment Trust, or UPREIT. In the Reorganization, a new holding company would become the publicly traded parent company while the current real estate investment trust would convert to a limited partnership ("Conversion") controlled by the holding company. The holding company reorganization is expected to be effective as of January 1, 2022, and the conversion of the existing Federal Realty to a limited partnership is expected to be effective on January 4, 2022. When the Reorganization is complete, the holding company will be a real estate investment trust named Federal Realty Investment Trust, just as the company is today, and its common shares and Series C depositary shares are expected to continue to trade on the NYSE under the symbols FRT and FRT/C, respectively.
Company Contact
- CEO
- Donald C. Wood
- CFO
- Dan Guglielmone
- Headquarters
- 909 Rose Avenue, Suite 200, North Bethesda, MD 20852
- Phone
- 301-998-8100
- Investor Relations
- Leah Andress · 301-998-8265 · LAndress@federalrealty.com