About the Company
Headquartered in Rockville, Maryland, Federal Realty Investment Trust, also known as Federal, is a real estate investment company. It primarily invests in shopping centres and official buildings located in South Florida, North-Eastern United States, California, and Mid-Atlantic states. However, it provides leasing and speciality leasing of residential properties as well.
The company has approximately 2,900 tenants, 2,800 residential units, over 100 properties and 24 million square feet as of 2020. The locations in which it owns properties are Silicon Valley, Miami, Los Angeles, Boston, Chicago, Philadelphia, New York and Washington D.C. Some of its properties include 29th Place, Assembly Square, Azalea, Bristol Plaza, Brook 35 & West, Crow Canyon Commons, Barracks Road Shopping Center, Fairfax Junction, Ellisburg Shopping Center etc.
It is an S&P 500 indexed company that trades in the New York Stock Exchange under the trading symbol FRT. Get all the details of Federal Realty Investment Trust including Federal share prices, important parameters, last 5 years performance and much more on this page. As of 2020, it has also been recognized by Fortune in its 100 Best Companies to Work For list and has been positioned at the 19th rank.
Federal was founded by Samuel J. Gorlitz in 1962, but it was not until 1999 that it got recognised as a real estate investment trust in Maryland. Between 2008 and 2017 the company has undergone several acquisitions like Del Mar Village in 2008, a controlling interest in both El Segundo, California and Montrose Crossing, Rockville in 2012, The Shops at Sunset Place’s 85% interest in 2015 and a property in Pasadena, California and Riverpoint Center in Chicago, Illinois in 2019.
Over the years, it has won various recognitions and awards such as Alliance for Workplace Excellence Awards’ Workplace Seal of Approval, EcoLeadership Award and Health & Wellness Seal of Approval in 2020. In 2019, its Pin & Rose project in North Bethesda, Maryland, was recognised as the Best Sustainable Project by NAIOP DC | MD Awards of Excellence.;
Organisation | Federal Realty Investment Trust |
Industry | REIT—Retail |
HeadQuarters | Rockville, MD |