Professional
Added to YB: 2024-02-15
Pitch date: 2024-02-13
FRT [bullish]
Federal Realty Investment Trust
+6.16%
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
$93.81
Price Target
142.00 (+43%)
Dividend
4.66%
EV/EBITDA
15.96
P/E
24.59
EV/Sales
10.72
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.
Read full article (10 min)