View source for Company:Federal Realty Investment Trust

{{Short description|Real Estate Investment Trust in the United States}}
{{Infobox company
| name          = Federal Realty Investment Trust
| logo          = File:Federal Realty Investment Trust logo.svg
| type          = [[Finance:Public company|Public company]] 
| traded_as     = {{New York Stock Exchange|FRT}}<br>S&P 500 Index component
| industry      = Real estate investment trust
| foundation    = {{Start date and age|1962}}
| founder       = Samuel J. Gorlitz
| location      = Rockville, Maryland
| key_people    = {{nowrap|David Faeder, [[Social:Chairman|Chairman]]<br>Donald C. Wood, [[Company:CEO|CEO]] & [[Social:President (corporate title)|President]]<br>Daniel Guglielmone, CFO}}
| products      = Shopping centers
| revenue       = {{increase}} $951 million (2021)
| net_income    = {{increase}} $269 million (2021)
| assets        = {{increase}} $7.622 billion (2021)
| equity        = {{increase}} $2.663 billion (2021)
| num_employees = 315 (2021)
| homepage      = {{url|http://www.federalrealty.com/}}
| footnotes     = <ref name=10K>{{cite web | url=https://sec.report/Document/0000034903-22-000023/ | title=Federal Realty Investment Trust 2021 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}</ref>
}}
'''Federal Realty Investment Trust''' is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, {{wipe|California}}, and South Florida.<ref name=10K/>

==Investments==
As of December 31, 2021, the company owned interests in 104 shopping centers containing 25.1 million square feet.<ref name=10K/>

Notable properties owned by the company include:<ref name=10K/>

{| class="wikitable sortable"
|-
! scope="col" | Property Name
! scope="col" | Location

|- 
| Santana Row
| San Jose, California

|- 
| Westgate Center
| San Jose, California

|- 
| The Shops at Sunset Place
| South Miami, Florida

|- 
| The Grove at Shrewsbury
| Shrewsbury, New Jersey

|}

==History==
In 1962, the company was founded by Samuel J. Gorlitz in [[Place:Washington, D.C.|Washington, D.C.]]<ref name=Gorlitz>{{cite news | url=https://www.washingtonpost.com/wp-dyn/content/article/2007/01/15/AR2007011501268.html | title=Samuel J. Gorlitz, 89; Started Investment Trust | work={{wipe|The Washington Post}} | date=January 16, 2007}}</ref><ref name=10K/>

In 1999, the company was reorganized as a real estate investment trust in Maryland.<ref name=10K/>

In 2007, founder Samuel J. Gorlitz died.<ref name=Gorlitz/>

In 2008, the company acquired Del Mar Village in Boca Raton, Florida for $41.7 million.<ref>{{cite news | url=https://www.streetinsider.com/Corporate+News/Federal+Realty+%28FRT%29+Acquires+Del+Mar+Village+in+Boca+Raton%2C+Florida/3703450.html | title=Federal Realty (FRT) Acquires Del Mar Village in Boca Raton, Florida | work=Street Insider | date=June 2, 2008}}</ref>

In 2012, the company acquired a controlling interest in Montrose Crossing, a property in Rockville, Maryland for $127 million<ref>{{cite news | url=https://www.bizjournals.com/washington/breaking_ground/2012/01/federal-realty-buys-stake-in-rockville.html | title=Federal Realty buys stake in Rockville shopping center | work={{wipe|American City Business Journals}} | date=January 10, 2012}}</ref> and a controlling interest in a property in El Segundo, California for $183.5 million.<ref>{{cite news | url=https://www.bizjournals.com/washington/news/2012/01/04/federal-realty-buys-in-el-segundo.html | title=Federal Realty buys in El Segundo | first=Shaina | last=Zucker | work={{wipe|American City Business Journals}} | date=January 4, 2012}}</ref>

In 2013, the company sold a movie theater in Forest Hills, New York for $20.5 million.<ref>{{cite news | url=https://therealdeal.com/2013/09/16/lloyd-goldman-led-partnership-to-buy-historic-midway-theatre/ | title=Lloyd Goldman-led partnership to buy historic Midway Theater | first=Katherine | last=Clarke | work=The Real Deal | date=September 16, 2013}}</ref>

In 2014, the company acquired 2 shopping centers in Monmouth County, New Jersey for $161 million.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/federal-realty-acquires-two-key-retail-centers-in-affluent-monmouth-county-new-jersey-238957641.html | title=Federal Realty Acquires Two Key Retail Centers In Affluent Monmouth County, New Jersey | publisher=PR Newswire | date=January 6, 2014}}</ref>

In 2015, the company acquired an 85% interest in The Shops at Sunset Place based on a property valuation of $110.2 million.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/federal-realty-acquires-high-profile-mixed-use-center-in-south-miami-florida-300152556.html | title=Federal Realty Acquires High-Profile Mixed-Use Center In South Miami, Florida | publisher=PR Newswire | date=October 1, 2015}}</ref>

In 2016, the company was added to the S&P 500 Index.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/federal-realty-investment-trust-set-to-join-the-sp-500-curtiss-wright-pool-to-join-sp-midcap-400-cray-asbury-automotive-to-join-sp-smallcap-600-300208688.html | title=Federal Realty Investment Trust Set to Join the S&P 500; Curtiss-Wright, Pool to Join S&P MidCap 400; Cray, Asbury Automotive to Join S&P SmallCap 600 | publisher=PR Newswire | date=January 22, 2016}}</ref>

In 2017, the company acquired a property in Pasadena, California for $29.5 million.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/federal-realty-investment-trust-acquires-hastings-ranch-plaza-future-value-creation-opportunity-on-prominent-freeway-adjacent-location-with-access-to-mass-transit-300405233.html | title=Federal Realty Investment Trust Acquires Hastings Ranch Plaza, Future Value Creation Opportunity on Prominent Freeway-Adjacent Location with Access to Mass Transit | publisher=PR Newswire | date=February 9, 2017}}</ref><ref>{{cite news | url=https://therealdeal.com/la/2017/02/10/heres-what-las-10m-30m-investment-sales-market-looked-like-last-week/ | title=Here’s what LA’s $10M-$30M investment sales market looked like last week | first1=Eda | last1=Kouch | first2=Cathaleen | last2=Chen | work=The Real Deal | date=February 10, 2017}}</ref> The company also acquired Riverpoint Center in Chicago, Illinois for $107 million<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/federal-realty-investment-trust-acquires-riverpoint-center-in-chicagos-lincoln-park-neighborhood-300435470.html | title=Federal Realty Investment Trust Acquires Riverpoint Center in Chicago's Lincoln Park Neighborhood | publisher=PR Newswire | date=April 5, 2017}}</ref> and 7 properties in Los Angeles County for $345 million.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/federal-realty-investment-trust-announces-acquisition-of-seven-properties-in-southern-california-300499284.html | title=Federal Realty Investment Trust Announces Acquisition of Seven Properties in Southern California | publisher=PR Newswire | date=August 3, 2017}}</ref><ref>{{cite news | url=https://www.bisnow.com/los-angeles/news/retail/federal-realty-buys-seven-la-properties-for-345m-77504 | title=Federal Realty Buys Stake In 7 LA Retail Properties For $345M | first=Karen | last=Jordan | work=Bisnow Media | date=August 8, 2017}}</ref>

In 2021, the company acquired a 60% ownership stake in Grossmont Center in La Mesa, California worth $175 million.<ref name=10K/>

==References==
{{Reflist|1}}

==External links==
{{Finance links
| name    = Federal Realty Investment Trust
| google    = FRT
| yahoo     = FRT
| bloomberg = FRT:US
| symbol    = FRT
| sec_cik   = FRT
}}


[[Category:Companies listed on the New York Stock Exchange]]

{{Sourceattribution|Federal Realty Investment Trust}}