Federal Realty Investment Trust / FRT
The mixed-use Bethesda Row development. (Photo: Courtesy of company.)
About Federal Realty Investment Trust
1626 E. Jefferson St., Rockville, Md. 20852
www.federalrealty.com
| 301-998-8100
| Founded: 1962
Industry: Real Estate | Category: Public Companies
Federal Realty Investment Trust owns and manages 18.2 million square feet of shopping malls in various states including Maryland, Virginia, New York and California. It has residential units at some of its projects. Last year, the company sold two retail centers in New York and two shopping centers in New Hampshire and in Maine. It also acquired a shopping center in Charlottesville, anchored by a Whole Foods.
President and CEO: Donald C. Wood
2007 Financial Data
Revenues: $485,892,000 | Net Income: $195,537,000Asssets: $2,989,291,000 | Earnings Per Share: $3.45
Stockholder Equity: $1,114,632,000 | Annual Dividend: $2.37
Total employees: 301 | Local employees: 299
Company Leadership
| Jon E. Bortz | Trustee |
| David W. Faeder | Trustee |
| Kristin Gamble | Trustee |
| Gail P. Steinel | Trustee |
| Warren M. Thompson | Trustee |
| Joseph S. Vassalluzzo | Chairman |
| Donald C. Wood | Chief Executive Officer, President and Trustee |
| Donald C. Wood | President and Chief Executive Officer |
| Jeffrey S. Berkes | Executive Vice President - Chief Investment Officer |
Source: Compensation data provided by Equilar, Inc..
| Donald C. Wood President and Chief Executive Officer | $4,253,458 Salary: $650,000 |
| Jeffrey S. Berkes Executive Vice President - Chief Investment Officer | $3,622,044 Salary: $350,000 |
Did You Know
IN THE BEGINNING: The company was founded in 1962 by Samuel J. Gorlitz, an economist for the State Department who specialized in the Middle East and Africa. He died last year.
