Professional
Added to YB: 2024-12-11
Pitch date: 2024-12-01
FRT [bullish]
Federal Realty Investment Trust
-9.14%
current return
Author Info
No bio for this author
Company Info
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets and select underserved regions with strong economic and demographic fundamentals.
Market Cap
$8.4B
Pitch Price
$111.06
Price Target
142.00 (+43%)
Dividend
4.66%
EV/EBITDA
15.96
P/E
24.59
EV/Sales
10.72
Sector
Retail REITs
Category
dividend
Federal Realty Investment Trust: REIT Sector Implied Cap Rates Have Risen More than Private Commercial Real Estate Cap Rates
FRT: High-quality retail REIT in top 8 metros. Strong demographics drive NOI growth & re-leasing spreads. E-commerce resistant tenants (65%). 2.8% annual SS NOI growth forecast. $142 FVE (5.3% cap rate, 20x FFO). Risks: e-commerce, store closures, mixed-use development. Exemplary capital allocation. 57-year dividend growth streak.
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