Key Developments: Federal Realty Investment Trust (FRT.N)
106.00USD
1 Aug 2013
$0.67 (+0.64%)
$105.33
$106.10
$107.21
$105.25
197,727
129,345
$118.52
$94.36
Latest Key Developments (Source: Significant Developments)
Federal Realty Investment Trust Declares Regular Quarterly Dividends
Federal Realty Investment Trust announced that Board of Trustees increased the dividend rate on its common shares, declaring a regular quarterly cash dividend of $0.78 per share, resulting in an indicated annual rate of $3.12 per share, an increase of 6.8%. The regular common dividend will be payable on October 15, 2013, to common shareholders of record as of September 23, 2013. Full Article
Federal Realty Investment Trust Closes Offering Of 2.75% Senior Unsecured Notes
Federal Realty Investment Trust announced the closing of its public offering of $275 million aggregate principal amount of 2.75% senior unsecured notes due June 1, 2023. The notes were offered at 98.749% of the principal amount with a yield to maturity of 2.894%. Interest on the notes will be payable on June 1 and December 1 of each year, beginning December 1, 2013. Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers for the offering. Deutsche Bank Securities Inc., PNC Capital Markets LLC and U.S. Bancorp Investments, Inc. acted as joint lead managers and Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Capital One Southcoast, Inc., Regions Securities LLC, SunTrust Robinson Humphrey, Inc. and TD Securities (USA) LLC acted as co-managers for the offering. Federal Realty intends to use the net proceeds to redeem its outstanding 5.40% Notes due 2013, to repay any outstanding indebtedness under its revolving credit facility and for general corporate purposes, which may include without limitation funding potential acquisition opportunities or funding its redevelopment pipeline. Full Article
Federal Realty Investment Trust Raises FY 2013 FFO Guidance
Federal Realty Investment Trust announced that for fiscal 2013, it has increased guidance for FFO per diluted share to a range of $4.55 to $4.59 to reflect the impact of the Company's acquisition of Darien and the benefit to our cost of borrowing from our recent upgrade from Standard & Poor's. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report FFO of $4.58 for fiscal 2013. Full Article
Federal Realty Investment Trust Declares Quarterly Cash Dividend
Federal Realty Investment Trust announced a regular quarterly cash dividend of $0.73 per share on its common shares, resulting in an indicated annual rate of $2.92 per share. The regular common dividend will be payable on July 15, 2013 to common shareholders of record on June 21, 2013. Full Article
Federal Realty Investment Trust Acquires Retail Property In Darien, CT
Federal Realty Investment Trust announced the acquisition of a shopping center on 9 acres directly across from the Noroton Heights train station in affluent Darien, Ct. for $47.3 million. The property is anchored by a Stop & Shop grocer, a Walgreens drug store and an Equinox health club. Full Article
Federal Realty Investment Trust Raises FY 2013 FFO Guidance
Federal Realty Investment Trust announced that for fiscal 2013, it has increased guidance for FFO per diluted share to a range of $4.53 to $4.58 to reflect the impact of the Company's acquisition of East Bay Bridge and updated earnings per diluted share guidance is $2.12 to $2.17. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report FFO of $4.56 for fiscal 2013. Full Article
Federal Realty Investment Trust Declares Regular Dividend
Federal Realty Investment Trust announced that its Board of Trustees left the regular dividend rate on its common shares unchanged, declaring a regular quarterly cash dividend of $0.73 per share on its common shares, resulting in an indicated annual rate of $2.92 per share. The regular common dividend will be payable on April 15, 2013 to common shareholders of record on March 14, 2013. Full Article
Federal Realty Investment Trust Acquires East Bay Bridge Shopping Center
Federal Realty Investment Trust announced the acquisition of East Bay Bridge shopping center, a 438,000 square foot, grocery-anchored power center spanning two municipalities, Emeryville and Oakland, California. The Trust paid cash consideration of $53.7 million and assumed an existing $62.9 million mortgage loan secured by the property. Full Article
Federal Realty Investment Trust Raises Low End Of Prior FY 2012 FFO Guidance To A Range In Line With Analysts' Estimates; Issues FY 2013 FFO Guidance To A Range In Line With Analysts' Estimates
Federal Realty Investment Trust announced that the Company is increase the midpoint of fiscal 2012 FFO per share guidance to a range of $4.29 to $4.31 per share. For fiscal 2013, it expects FFO per share in a range of $4.50 to $4.56. According to I/B/E/S Estimates, analysts were expecting the Company to report FFO of $4.30 for fiscal 2012 and FFO of $4.54 for fiscal 2013. Full Article
Federal Realty Investment Trust Declares Regular Quarterly Dividends
Federal Realty Investment Trust announced that its Board of Trustees declared a regular quarterly cash dividend of $0.73 per share, resulting in an indicated annual rate of $2.92 per share. The regular common dividend will be payable on January 15, 2013, to common shareholders of record as of January 2, 2013. Full Article
Fitch Rates Federal Realty Investment Trust's $275MM Sr. Unsecured Notes Due 2023 'A-'
(The following statement was released by the rating agency) NEW YORK, May 09 (Fitch) Fitch Ratings has assigned a rating of 'A-' to the $275 million 2.75% senior unsecured notes due June 1, 2023 issued by Federal Realty Investment Trust (Federal). The notes were issued at 98.749% of par to yield 2.894%. Proceeds will be used to redeem the company's outstanding 5.40% notes due 2013, to pay off the outstanding balance under its revolving credit facility and for general corporate purposes, whi

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