Company type | Public company |
---|---|
NYSE:
FRT S&P 500 Index component | |
Industry | Real estate investment trust |
Founded | 1962 |
Founder | Samuel J. Gorlitz |
Headquarters | Rockville, Maryland |
Key people | David Faeder,
Chairman Donald C. Wood, CEO & President Daniel Guglielmone, CFO |
Products | Shopping centers |
Revenue | $951 million (2021) |
$269 million (2021) | |
Total assets | $7.622 billion (2021) |
Total equity | $2.663 billion (2021) |
Number of employees | 315 (2021) |
Website |
www |
Footnotes / references [1] |
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida. [1]
As of December 31, 2021, the company owned interests in 104 shopping centers containing 25.1 million square feet. [1]
Notable properties owned by the company include: [1] [2]
In 1962, the company was founded by Samuel J. Gorlitz in Washington, D.C. [3] [1]
In 1999, the company was reorganized as a real estate investment trust in Maryland. [1]
In 2007, founder Samuel J. Gorlitz died. [3]
In 2008, the company acquired Del Mar Village in Boca Raton, Florida for $41.7 million. [4]
In 2012, the company acquired a controlling interest in Montrose Crossing, a property in Rockville, Maryland for $127 million [5] and a controlling interest in a property in El Segundo, California for $183.5 million. [6]
In 2013, the company sold a movie theater in Forest Hills, New York for $20.5 million. [7]
In 2014, the company acquired 2 shopping centers in Monmouth County, New Jersey for $161 million. [8]
In 2015, the company acquired an 85% interest in The Shops at Sunset Place based on a property valuation of $110.2 million. [9]
In 2016, the company was added to the S&P 500 Index. [10]
In 2017, the company acquired a property in Pasadena, California for $29.5 million. [11] [12] The company also acquired Riverpoint Center in Chicago, Illinois for $107 million [13] and 7 properties in Los Angeles County for $345 million. [14] [15]
In 2021, the company acquired a 60% ownership stake in Grossmont Center in La Mesa, California worth $175 million. [1]
Company type | Public company |
---|---|
NYSE:
FRT S&P 500 Index component | |
Industry | Real estate investment trust |
Founded | 1962 |
Founder | Samuel J. Gorlitz |
Headquarters | Rockville, Maryland |
Key people | David Faeder,
Chairman Donald C. Wood, CEO & President Daniel Guglielmone, CFO |
Products | Shopping centers |
Revenue | $951 million (2021) |
$269 million (2021) | |
Total assets | $7.622 billion (2021) |
Total equity | $2.663 billion (2021) |
Number of employees | 315 (2021) |
Website |
www |
Footnotes / references [1] |
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida. [1]
As of December 31, 2021, the company owned interests in 104 shopping centers containing 25.1 million square feet. [1]
Notable properties owned by the company include: [1] [2]
In 1962, the company was founded by Samuel J. Gorlitz in Washington, D.C. [3] [1]
In 1999, the company was reorganized as a real estate investment trust in Maryland. [1]
In 2007, founder Samuel J. Gorlitz died. [3]
In 2008, the company acquired Del Mar Village in Boca Raton, Florida for $41.7 million. [4]
In 2012, the company acquired a controlling interest in Montrose Crossing, a property in Rockville, Maryland for $127 million [5] and a controlling interest in a property in El Segundo, California for $183.5 million. [6]
In 2013, the company sold a movie theater in Forest Hills, New York for $20.5 million. [7]
In 2014, the company acquired 2 shopping centers in Monmouth County, New Jersey for $161 million. [8]
In 2015, the company acquired an 85% interest in The Shops at Sunset Place based on a property valuation of $110.2 million. [9]
In 2016, the company was added to the S&P 500 Index. [10]
In 2017, the company acquired a property in Pasadena, California for $29.5 million. [11] [12] The company also acquired Riverpoint Center in Chicago, Illinois for $107 million [13] and 7 properties in Los Angeles County for $345 million. [14] [15]
In 2021, the company acquired a 60% ownership stake in Grossmont Center in La Mesa, California worth $175 million. [1]