Federal Realty Investment Trust
| Public company | |
| Traded as | : FRT S&P 500 Index Component |
| Founded | 1962 |
| Founder | Samuel J. Gorlitz |
| Headquarters | Rockville, Maryland |
|
Key people
|
JOSEPH S. VASSALLUZZO, Chairman DONALD C. WOOD, President & CEO DANIEL GUGLIELMONE, CFO |
| Revenue |  US$0.801 billion (2016) |
| US$0.258 billion (2016) |
|
| Total assets | US$5.423 billion (2016) |
| Total equity | US$2.075 billion (2016) |
|
Number of employees
|
329 (2016) |
| Website | www |
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.
As of December 31, 2016, the company owned interests in 96 shopping centers containing 22.6 million square feet.
Notable properties owned by the company include:
In 1962, the company was founded by Samuel J. Gorlitz.
In 2007, founder Samuel J. Gorlitz died.
In 2008, the company acquired 2 buildings in Boca Raton, Florida for $6.71 million.
In 2012, the company acquired a controlling interest in a property in Rockville, Maryland for $127 million and a controlling interest in a property in El Segundo, California for $183.5 million.
In 2013, the company sold a movie theater in Forest Hills, New York for $20.5 million.
In 2014, the company acquired 2 shopping centers in Monmouth County, New Jersey for $161 million.
In 2015, the company acquired an 85% interest in The Shops at Sunset Place based on a property valuation of $110.2 million.
In 2016, the company was added to the S&P 500 Index.
In 2017, the company acquired a property in Pasadena, California for $29.5 million. The company also acquired 7 properties in Los Angeles County for $345 million.
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Wikipedia