Federal Realty Investment Trust (FRT) is a real estate investment trust (REIT) that owns, operates, and redevelops commercial retail real estate. Its primary focus and expertise lay in community and neighborhood shopping centers and mixed-use properties that combine retail with office or residential space. The company has 98 real estate projects, comprised of 23.1 million square feet of gross leasable space, spread across 13 different states and 20 major cities. The company was founded in 1962 and is one of the oldest retail REITs in existence today. In the last 4 quarters, the company generated $228 million ($3.07 per share) in earnings on $811 million of revenues.
