Added to YB: 2024-01-17
Pitch date: 2024-01-16
FRT [bullish]
Federal Realty Investment Trust
+8.04%
current return
Author Info
No bio for this author
Company Info
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets and select underserved regions with strong economic and demographic fundamentals.
Market Cap
$8.4B
Pitch Price
$93.40
Price Target
124.00 (+25%)
Dividend
4.66%
EV/EBITDA
15.96
P/E
24.59
EV/Sales
10.72
Sector
Retail REITs
Category
value
Federal Realty: Our Favorite Dividend King For 2024 (Rating Upgrade)
$FRT: 56yr div growth REIT undervalued despite industry headwinds; 4% FFO/sh growth, 94% leased, 92.3% occupied; $1.3B liquidity, 6x debt/EBITDA; 20% upside to estimates; high quality portfolio in prime locations; bullish mgmt amid lease renewals & developments.
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