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
The company owns 18.1 million square feet of retail space in the Northeast, mid-Atlantic and California, and 1 million more square feet through a joint venture. As of Dec. 31, its portfolio was 95 percent leased. Federal Realty Investment Trust said that as the recession has hurt retailers, they are vacating early, filing for bankruptcy protection or seeking rent relief. No tenant accounts for more than 2.6 percent of the firm's annualized base rent.
President and CEO: Donald C. Wood
2008 Financial Data
Revenues: $520,525,000 | Net Income: $229,176,000Asssets: $3,092,776,000 | Earnings Per Share: $3.87
Stockholder Equity: $1,114,602,000 | Annual Dividend: $2.52
Total employees: 276 | Local employees: 137
