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Key Developments: Federal Realty Investment Trust (FRT)

FRT on New York Consolidated

153.60USD
27 May 2016
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Latest Key Developments (Source: Significant Developments)

Federal Realty Investment Trust Affirms FY 2016 FFO guidance
Wednesday, 4 May 2016 04:05pm EDT 

Federal Realty Investment Trust:Affirmed FY 2016 guidance for FFO per diluted share of $5.65 to $5.71, and updated our earnings per diluted share guidance to $3.49 to $3.56.  Full Article

Federal Realty Investment Trust announces public offering price of 1,000,000 common shares
Wednesday, 2 Mar 2016 08:01am EST 

Federal Realty Investment Trust:Public offering price for 1 mln common shares previously sold to Citigroup Global Markets Inc. as sole bookrunner of offering is $150.00 per share.Intends to use the net proceeds of this offering to reduce amounts outstanding under its revolving credit facility and for general corporate purposes.  Full Article

Federal Realty Investment Trust acquires six shopping centers from its JV Partner
Thursday, 14 Jan 2016 08:30am EST 

Federal Realty Investment Trust:Acquires six shopping centers from its JV Partner.Purchased the 70% interest in the venture for approximately $154 mln, consisting of $130 million of cash and assumption of the allocable share of mortgage debt.  Full Article

Federal Realty Investment Trust raises low end of prior FY 2015 FFO guidance to a range in line with analysts' estimates; gives FY 2016 FFO guidance below analysts' estimates
Wednesday, 4 Nov 2015 04:10pm EST 

Federal Realty Investment Trust:Increased its guidance for 2015 FFO per diluted share excluding early extinguishment of debt to a range of $5.30 to $5.33 and 2015 earnings per diluted share guidance to a range of $2.79 to $2.82.In addition, Federal Realty provided initial 2016 FFO per diluted share guidance of $5.65 to $5.71 and 2016 earnings per diluted share guidance of $3.12 to $3.18.FY 2015 FFO of $5.30 - Thomson Reuters I/B/E/S.FY 2016 FFO of $5.77 - Thomson Reuters I/B/E/S.  Full Article

Federal Realty Investment Trust prices $250 million 2021 senior unsecured notes
Monday, 21 Sep 2015 05:41pm EDT 

Federal Realty Investment Trust:Says the pricing of its public offering of $250 million aggregate principal amount of 2.55 pct senior unsecured notes due Jan. 15, 2021.The notes were offered at 99.771 pct of the principal amount with a yield to maturity of 2.597 pct.Interest on the notes will be payable on Jan. 15 and July 15 of each year, beginning Jan. 15, 2016. The offering is expected to close on Sept. 28.Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, acted as joint book-running managers for the offering.Capital One Securities, Inc., PNC Capital Markets LLC, Regions Securities LLC, SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC, U.S. Bancorp Investments, Inc., and BBVA Securities Inc. acted as co-managers for the offering.  Full Article

Federal Realty Investment Trust narrows FY 2015 FFO guidance
Wednesday, 5 Aug 2015 04:09pm EDT 

Federal Realty Investment Trust:Increases the midpoint of FY 2015 guidance for FFO to $5.29 to $5.33 per diluted share excluding early extinguishment of debt, and updated earnings per diluted share to $2.78 to $2.82.FY 2015 FFO of $5.30 - Thomson Reuters I/B/E/S.  Full Article

Federal Realty Investment Trust maintains FY 2015 FFO guidance
Thursday, 7 May 2015 04:25pm EDT 

Federal Realty Investment Trust:Maintains FY 2015 guidance for FFO per diluted share excluding early extinguishment of debt of $5.26 to $5.34, and updated earnings per diluted share to $2.75 to $2.83.FY 2015 FFO of $5.28 - Thomson Reuters I/B/E/S.  Full Article

Federal Realty Investment Trust prices $200 mln reopening of 2044 senior unsecured notes
Thursday, 12 Mar 2015 09:25am EDT 

Federal Realty Investment Trust:Prices public offering of $200 million aggregate principal amount of 4.50pct senior unsecured notes due Dec. 1, 2044.Notes were offered at 105.379pct of the principal amount with a yield to maturity of 4.179pct.Interest on the notes will be payable on June 1 and Dec. 1 of each year, beginning June 1.Says offering is expected to close on March 16.Wells Fargo Securities, LLC, Deutsche Bank Securities Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers for the offering.Regions Securities LLC, SunTrust Robinson Humphrey, Inc., Capital One Securities, Inc., PNC Capital Markets LLC, and TD Securities (USA) LLC acted as co-managers for the offering.Intends to use the net proceeds from this offering to redeem all of its outstanding 6.20pct Notes due 2017 and for general corporate purposes, which may include, without limitation, paying down the outstanding balance under its revolving credit facility.  Full Article

Federal Realty Investment Trust reaffirms FY 2015 FFO guidance
Tuesday, 10 Feb 2015 04:05pm EST 

Federal Realty Investment Trust:Maintains FY 2015 guidance for FFO per diluted share of $5.26 to $5.34, and earnings per diluted share of $2.86 to $2.94.FY 2015 FFO of $5.32 - Thomson Reuters I/B/E/S.  Full Article

Federal Realty Investment Trust declares regular dividend
Tuesday, 10 Feb 2015 04:05pm EST 

Federal Realty Investment Trust:Declares regular dividend rate on its common shares unchanged, declaring a regular quarterly cash dividend of $0.87 per share on its common shares, resulting in an indicated annual rate of $3.48 per share.Payable on April 15, of record on March 20.  Full Article

BRIEF-Federal Realty Investment Trust Q1 FFO per share $1.38

* Federal Realty Investment Trust announces first quarter 2016 operating results