FRT changes
Pick any two versions below to diff them.
- Price
- $106.32 → $105.77(−0.5%)
- Recent events
- 2026-10-01: Federal Realty bought The Summit, an open-air retail center of about 870,000 square feet in Birmingham, Alabama, for $508 million ($498 million net). The center has more than 110 tenants and was 92% occupied. Federal Realty paid with money from asset sales, free cash flow and its recent exchangeable notes. It said that the purchase adds to FFO at once. 2026-08-11: Federal Realty OP issued $460 million of 3.500% exchangeable senior notes due 2031. Holders can exchange them for cash and, above the principal, for cash or shares. Federal Realty bought capped calls to reduce dilution and plans to use the rest of the money to repay debt and for general purposes. 2026-07-31: Federal Realty reported Q2 2026 results. Core FFO rose 6.8% to $1.88 per share. It signed 124 leases for 819,273 square feet, an all-time record, with rent growth of 15% on a cash basis. Occupancy was 93.8% and the leased rate was 96.1%. It raised the quarterly dividend by 3% to $1.16 per share and raised its 2026 Core FFO guidance to $7.48 to $7.56 per share. 2026-05-21: At its Investor Day at Santana Row, Federal Realty updated its long-term growth strategy and gave a framework for FFO and AFFO per share growth targets through 2028. 2026-05-01: Federal Realty reported Q1 2026 results. Core FFO rose 10.6% to $1.88 per share, and comparable property operating income rose 4.7%. It bought Congressional North Shopping Center in Montgomery County, Maryland for $72.3 million in March 2026. 2026-04-14: Federal Realty replaced its $1.25 billion revolving credit facility with a $1.4 billion facility that matures on April 12, 2030, with two six-month extension options.