Federal Realty Investment Trust (FRT)

Federal Realty Investment Trust is a well-established real estate investment trust (REIT), focusing primarily on the ownership, management, and redevelopment of retail and mixed-use properties. Founded in 1962 and headquartered in North Bethesda, Maryland, the company is known for its portfolio of high-quality shopping centers located in affluent and densely populated areas, primarily along the East Coast, as well as in California. The REIT is recognized for its focus on long-term, sustainable growth, and has a reputation for maintaining properties that are crucial to the communities they serve. Federal Realty aims to create vibrant environments where people can play, work, and shop, ultimately increasing the value of its properties. Donald C. Wood serves as the company’s CEO, a position he has held since 2003, bringing strong leadership and strategic vision to the company. As of recent financial disclosures, Federal Realty reported revenues in the ballpark of $1 billion, reaffirming its position as a leader in the open-air shopping center niche. The company is also known for its impressive track record of dividend payments, having increased its dividends annually for over 50 years, a streak that demonstrates its commitment to returning value to shareholders.