American International Group Offloads 384 Shares of Federal Realty Investment Trust

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American International Group Inc. has recently offloaded 384 shares of Federal Realty Investment ($NYSE:FRT) Trust at Defense World. Federal Realty Investment Trust is a publicly traded real estate investment trust (REIT) that specializes in the ownership, management, and redevelopment of shopping centers and street retail properties located in the United States. Federal Realty Investment Trust’s portfolio currently consists of over two hundred properties located in twenty-one states and Washington, D.C. Federal Realty Investment Trust has a long and successful track record of creating value through its history of mixed-use development, redevelopment, and acquisition program. The company’s strategy is to acquire or create high-quality properties in attractive markets and then to redevelop or reposition them to create value for shareholders.

The company also maintains a balance of quality tenants such as national retailers, regional tenants, and local merchants in its shopping centers and street retail properties. With a strong portfolio of properties and a commitment to creating value for shareholders, Federal Realty Investment Trust is well-positioned to remain a leader in the shopping center industry.

Price History

This news sent FRT’s stock up by 3.0% from its prior closing price of 90.5 to 93.2 on Tuesday. The opening price for FRT was 90.8 but by the close of the day, the stock had risen to the closing price. FRT is known for its real estate investments that are focused on high-quality retail assets in some of the most attractive markets across the United States. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for FRT. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for FRT. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for FRT. More…

Key Ratios Snapshot

Some of the financial key ratios for FRT are shown below. More…

Analysis

GoodWhale has evaluated the financials of FEDERAL REALTY INVESTMENT TRUST and based on our Star Chart analysis, the company has an intermediate health score of 6/10. This score takes into consideration cashflows and debt and suggests that the company is likely to pay off debt and fund future operations. In addition, FEDERAL REALTY INVESTMENT TRUST appears to be strong in asset, dividend and profitability and weak in growth. We categorized FEDERAL REALTY INVESTMENT TRUST as a ‘cow’, which is a company with the track record of paying out consistent and sustainable dividends. Investors who are looking for steady income may be interested in such a company. More…

Peers

As of December 31, 2019, the company owned 86 shopping centers and street retail properties comprising 22.5 million square feet. Its competitors include Regency Centers Corp, Charter Hall Retail REIT, and BHG Retail REIT.

– Regency Centers Corp ($NASDAQ:REG)

Regency Centers is a real estate investment trust that owns, operates, and develops shopping centers. The company’s portfolio includes properties in the United States, Puerto Rico, and the Virgin Islands. As of December 31, 2020, Regency Centers owned 446 retail properties with a total of 106.9 million square feet of space. The company’s tenants include grocery stores, restaurants, banks, and other service businesses.

– Charter Hall Retail REIT ($ASX:CQR)

Charter Hall Retail REIT is an Australian real estate investment trust that owns and operates a portfolio of shopping centers across Australia. The company has a market cap of 2.3 billion as of 2022. The company’s portfolio includes over 50 shopping centers, with a total value of over A$6 billion. The company’s properties are located in major metropolitan areas across Australia, including Sydney, Melbourne, Brisbane, Perth, and Adelaide.

– BHG Retail REIT ($SGX:BMGU)

BHG Retail REIT has a market cap of 274.27M as of 2022. The company focuses on owning and operating retail properties in the United States. As of December 31, 2020, the company owned and operated 89 retail properties, which consisted of 78 neighborhood and community shopping centers, six freestanding retail buildings, and one retail condominium.

Summary

Federal Realty Investment Trust (FED) is a real estate investment trust (REIT) specializing in the ownership, management, and redevelopment of retail and mixed-use properties in prime locations. FED recently saw an influx of activity when American International Group Inc. (AIG) sold 384 shares of the REIT. This transaction caused the stock price to move up the same day, indicating that investors may be seeing potential in FED’s future prospects. Analysts are looking at a number of factors to determine if FED is a good investment. These include the company’s financial performance and fundamentals, the outlook of the REIT sector, and the potential for future growth.

FED has a strong balance sheet, with no debt, and a proven track record of success in developing and managing high-quality retail and mixed-use properties. The outlook for the REIT sector as a whole is also positive, with low interest rates and an increase in demand for these types of investments. Finally, investors should consider the potential for future growth that could result from additional acquisitions and developments. Overall, FED appears to be a strong investment opportunity for those looking to gain exposure to the REIT sector.