Federal Realty acquires The Summit retail destination
For $508 million, the asset adds to its Central Region portfolio, enhancing market dominance and FFO per share accretion.
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Owner, operator, and developer of open-air retail and mixed-use properties
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In short: Federal Realty reported strong 2026 earnings, raised guidance, expanded its portfolio, and continued its dividend growth streak.
For $508 million, the asset adds to its Central Region portfolio, enhancing market dominance and FFO per share accretion.
Quarterly comparable leasing volume hit an all-time high, with new anchor tenants including Bass Pro Shops and AMC, plus an expanded Harris Teeter; small-shop leased rates reached 2007 levels.
The company raised 2026 guidance and increased its dividend for the 59th consecutive year while posting Core FFO per share growth of 6.8%
Highlights include 101 leases for 649,000 sq ft, 96.1% leased portfolio, $159M asset sales, FFO up 10.6% to $1.88, and raised full-year guidance. 58 years of dividend growth continues.
Federal Realty Investment Trust (FRT) was trading higher as the retail REIT exceeded analyst expectations in terms of earnings and revenue, while the full-year core...
Federal Realty Investment Trust (NYSE: FRT) announced the acquisition of The Summit, a retail property in Birmingham, Alabama, for $508 million ($498 million on a...
Federal Realty stock stood at USD 110.97 on September 18, 2026, with a consensus target of USD 128.63 and Q2 fiscal 2026 revenue of USD...
Federal Realty stock closed at USD 110.91 on September 18, 2026, while core FFO per share recently increased 6.8 percent to USD 1.88. The REIT...
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