Professional
Added to YB: 2024-07-03
Pitch date: 2024-06-24
FRT [bullish]
Federal Realty Investment Trust
+4.03%
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
$95.72
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: Most REITs in the US Are Trading at Significant Discounts to Fair Value
FRT: High-quality retail REIT in top 8 metros. Strong demographics drive 2.7% avg annual SS NOI growth. E-commerce pressure, but 65% of tenants less affected. $142 PT, 5.1% cap rate, 21x FFO. $748M development pipeline. Risks: e-commerce, tenant closures, mixed-use exposure. Exemplary capital allocation. 53-year dividend growth streak.
Read full article (10 min)