This year Federal Realty (FRT - Get Report) celebrates 50 years of being a proven leader in the ownership, operations, and redevelopment of high-quality retail real estate in the country's best markets. Federal Realty has a portfolio containing about 19.1 million square feet located in strategically selected metropolitan markets in the Northeast and Mid-Atlantic, as well as California.
Federal is considered the "gold standard" REIT as it has paid quarterly dividends to shareholders continuously since its founding in 1962, and has increased its dividend rate for 45 consecutive years, the longest in the REIT industry.
Federal: Proof is in the Latest Results
On the company's earnings call last week, Federal CEO, Don Wood, said:
"Like the first half of the year, third-quarter leasing volume was again off the chart in terms of our historical production.