Federal Realty Investment Trust

Retail real estate trust owning open-air shopping centers and mixed-use destinations

What Federal Realty Investment Trust does

Federal Realty owns, runs and redevelops open-air shopping centers and mixed-use neighborhoods, mostly in major coastal U.S. markets. It rents store space to about 3,700 retail tenants and also has about 2,500 apartments. Well-known properties include Santana Row, Pike & Rose and Assembly Row.

How Federal Realty Investment Trust makes money

It earns rent from about 3,700 commercial tenants across 28.8 million square feet and from its roughly 2,500 residential units. Most of that income is paid out to shareholders as dividends, as REITs generally do.

Products & services

• Open-air shopping centers
• Mixed-use destinations
• Santana Row
• Pike & Rose
• Assembly Row
• Residential apartment units