Federal Realty Investment Trust Raises $350M Through Green Bond Offering
April 11, 2023
Trending News ☀️
Federal Realty Investment ($NYSE:FRT) Trust, one of the most prominent real estate investment trusts in the United States, recently announced a green bond offering of $350 million. The bonds are being offered at a competitive price to investors and are expected to generate interest from parties looking to finance environmentally friendly projects. The proceeds from the sale of the green bonds will be used for environmentally friendly investments by Federal Realty Investment Trust. FEDERAL REALTY INVESTMENT TRUST is an American real estate investment trust that primarily engages in the ownership, development, and management of retail and mixed-use properties. In addition to its retail real estate capabilities, Federal Realty also owns a substantial amount of residential real estate.
Stock Price
On Monday, Federal Realty Investment Trust (FRT) raised $350M through a green bond offering. This marks the first green bond offering by FRT, and is the largest green bond offering by a real estate company in the United States. The bonds will be used to finance various projects including investments in green energy and energy efficiency initiatives, as well as investments in green building infrastructure. The offering was met with strong investor demand, with the bonds being priced above their initial guidance.
The offering will help FRT meet its sustainability goals and shift toward more environmentally friendly practices. At the same time, FEDERAL REALTY INVESTMENT TRUST stock opened at $97.1 and closed at $97.8, representing a slight increase that investors could attribute to the successful green bond offering. Overall, the offering was a success for FRT and serves as a reminder of the importance of environmental sustainability in today’s economy. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FRT. More…
| Total Revenues | Net Income | Net Margin |
| 1.07k | 376.13 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FRT. More…
| Operations | Investing | Financing |
| 516.77 | -786 | 190.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FRT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.23k | 5.02k | 34.35 |
Key Ratios Snapshot
Some of the financial key ratios for FRT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 33.7% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we recently performed an analysis of FEDERAL REALTY INVESTMENT TRUST’s wellbeing. Based on our Risk Rating, we determined that FEDERAL REALTY INVESTMENT TRUST is a low risk investment in terms of financial and business aspects. We have also detected one risk warning in their balance sheet. If you would like to take a look at this risk warning, please become a registered user and check it out. We believe that our analysis can help you make a more informed decision when it comes to investing in FEDERAL REALTY INVESTMENT TRUST. More…
Peers
As of December 31, 2019, the company owned 86 shopping centers and street retail properties comprising 22.5 million square feet. Its competitors include Regency Centers Corp, Charter Hall Retail REIT, and BHG Retail REIT.
– Regency Centers Corp ($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 (FRT) recently offered $350 million in green bonds as part of their commitment to environmental sustainability. This new offering is sure to attract the attention of investors looking for a socially responsible investment. The bonds are backed by a triple-A rating from Moody’s and S&P Global.
FRT has a history of strong performance and is one of the strongest real estate companies in the US. Investing in FRT is an attractive option for those seeking a stable and reliable income stream with potential for capital appreciation.
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