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 105 real estate projects, comprised of 24.0 million square feet of gross leasable space, spread across 13 different states and 20 major cities leased to about 3,000 tenants. They also possess 2,600 residential units. 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 $211 million ($3.14 per share) in earnings on $908 million in revenues.