Professional
Added to YB: 2024-02-15
Pitch date: 2024-02-13
FRT [bullish]
Federal Realty Investment Trust
+16.36%
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
$9.3B
Pitch Price
$91.77
Price Target
142.00 (+33%)
Dividend
4.21%
EV/EBITDA
16.91
P/E
22.96
EV/Sales
11.40
Sector
Retail REITs
Category
value
Federal Realty Investment Trust: Double-Digit Re-Leasing Spreads Support Continued Rent and NOI Growth
$FRT Q4 beat: 94% occ, 11.5% re-lease, 4% SS NOI, $1.64 FFO/sh. '24 guide in-line: 2.5-4% NOI, $6.65-6.87 FFO/sh. Resilient portfolio of premium mixed-use assets. Risks: ecom, tenant issues, non-retail devs. Prudent capital allocation, 54-yr div growth streak.
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