Federal Realty Investment Trust (NYSE: FRT) CEO Donald C. Wood Interviewed by Advisor-Access
09 May 2023 - 10:35PM
Federal Realty has increased its quarterly dividends to its
shareholders for 55 consecutive years, the longest record in the
REIT industry. Federal Realty is an S&P 500 index member and
its shares are traded on the NYSE under the symbol FRT.
Advisor Access spoke with Donald C. Wood, CEO
of Federal Realty.
Advisor Access: Would you provide us
with a brief overview of Federal Realty Investment Trust (NYSE:
FRT)?Don Wood: Federal is one of the
oldest REITs [real estate investment trusts] in the country. We
celebrated our 60th anniversary in 2022 and have raised our
dividends to shareholders every year since 1967. That’s 55 years in
a row of dividend increases; we’re the only REIT that’s been able
accomplish such a thing. Our real estate is retail-based. With the
exclusion of malls, our portfolio includes power centers, mixed-use
projects, and grocery-anchored centers in areas where demand
exceeds supply… Location is everything…Having a strong BBB+ rated
balance sheet is a source of strength and pride for our company and
has been for many years.
Click Here to View the Federal Realty Fact
Sheet
Click Here to View the Federal Realty Investor
Presentation
Click Here to View the Complete Answers to these
Questions and the Entire Article Online
AA: What sets Federal apart from other
REITs in your sector?DW: An essential
component of retail real estate is understanding your customer. To
that end, we make sure our assets are in densely populated areas
with high levels of disposable income, as well as barriers to entry
to reduce the risk of market cannibalization…
AA: Federal Realty boasts 55
consecutive years of increasing annual dividends. How has the
company been able to accomplish this, qualifying for the
prestigious Dividend Aristocrats list?DW:
It’s quite a feat to be part of the Dividend Aristocrat group, let
alone becoming a Dividend King, which we achieved five years ago
after 50 years of increased dividends. Out of over 200 publicly
traded REITs, Federal alone holds the distinction of Dividend
King…
AA: Thank you, Don.
Donald C. Wood, Chief Executive Officer of Federal Realty, has
been with the firm since 1998, where he is a trustee and has served
in positions from chief financial officer to chief operating
officer to president before being named its chief executive in
2003…
Disclosures
Investors and others should note that Federal
Realty posts important financial information using
the investor relations section of the Federal
Realty website, https://ir.federalrealty.com/financial-information,
and Securities and Exchange Commission filings.
The material, information and facts discussed in this report are
from sources believed to be reliable, but are in no way guaranteed
to be complete or accurate. This report should not be used as a
complete analysis of the company, industry or security discussed in
the report. This is not an offer or solicitation of the securities
discussed. Advisor-Access LLC and/or its employees, contractors and
owners may purchase or sell the securities mentioned in this report
from time to time. Any opinions or estimates in this report are
subject to change without notice. This report contains
forward-looking statements. This information may involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. The securities discussed may
involve a high degree of risk and may not be suitable for all
investors. Federal Realty has paid
Advisor Access a fee to distribute this press
release. Federal Realty had final
approval of the content and is wholly responsible for the validity
of the statements and opinions.
About Advisor Access
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