Federal Realty’s portfolio has solid growth prospects, but its mixed-use strategy is less certain.
Federal Realty reported third-quarter earnings, resulting in funds from operations per share of $1.41, up 3.7% for the quarter year over year. While same-center occupancy was down 60 basis points from the same point last year, mainly on anchor tenant vacancies, property operating income still managed to increase by 40 basis points, or 1.5% including the effects of redevelopment, as releasing spreads on a cash basis remained healthy at 14% for the quarter. We are currently maintaining our $128 pe...Federal Realty Investment Trust is an equity real estate investment trust that focuses on the ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida. The company owns or has a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as predominantly retail real estate projects.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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