Federal Realty Investment Trust Stock Slumps on Friday, Underperforming Market
December 28, 2023
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On Friday, Federal Realty Investment ($NYSE:FRT) Trust stock (NYSE: FRT) did not keep up with the market, leading to its decline. Federal Realty Investment Trust is a real estate investment trust that owns and operates retail and mixed-use properties in the United States. The company’s portfolio consists of shopping centers and street-retail properties, including restaurants, health and fitness, and entertainment options. This underperformance was likely due to investors taking profits after the company recently released its first-quarter earnings report.
The company reported a net operating income growth of 4% in comparison to the previous quarter, indicating a strong performance. Investors should carefully consider the company’s performance before making any decisions about buying or selling Federal Realty Investment Trust stock. While it may have underperformed in one instance, the company has seen steady growth over the past few quarters and may be a good investment for those looking for long-term returns.
Stock Price
FRT opened at $104.0 and closed at $104.6, up by 0.6% from the previous day’s closing price of $104.0. The decline in FRT stock came despite a strong performance on Tuesday where it opened at $104.0 and closed at $104.6, up by 0.6% from the previous day’s closing price of $104.0. Investors will now be watching closely to see if FRT stock can regain its momentum and return to its previous levels or if it will continue to underperform the market in the days ahead. 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 |
| 1.12k | 279.21 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FRT. More…
| Operations | Investing | Financing |
| 550.69 | -404.49 | -202.05 |
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 |
| 8.29k | 5.16k | 33.35 |
Key Ratios Snapshot
Some of the financial key ratios for FRT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 34.6% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has conducted an analysis of the fundamentals of FEDERAL REALTY INVESTMENT TRUST. According to our Star Chart, FEDERAL REALTY INVESTMENT TRUST is strong in asset, dividend, and profitability, but weak in growth. Its intermediate health score of 5/10 with regard to cashflows and debt suggests that the company is likely to pay off its debt and fund future operations. We classified FEDERAL REALTY INVESTMENT TRUST as ‘cow’, a type of company we conclude that has a track record of paying out consistent and sustainable dividends. This type of company is interesting for investors who are looking for a steady stream of income with some capital appreciation over time. As such, those looking for short-term gains should look elsewhere. With the right strategy, FEDERAL REALTY INVESTMENT TRUST is a great option for long-term, stable returns. 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) experienced a decline in stock price on Friday, underperforming the broader market. Analysts attribute this to a combination of factors including recent macroeconomic data, trends in the REIT sector, and other potential developments. Investors should closely monitor the performance of FED in the coming weeks to get an update on the company’s financial performance and outlook.
Analysts suggest that investors who are looking for a long-term investment opportunity should consider the company’s current fundamentals and future prospects. Furthermore, it is important to watch the REIT sector trends and macroeconomic data to help assess the company’s investment potential.
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