Federal Realty Investment Trust Reports Operating Results (10-K)

Author's Avatar
Feb 16, 2012
Federal Realty Investment Trust (FRT, Financial) filed Annual Report for the period ended 2011-12-31.

Federal Realty Investment Trust has a market cap of $6.04 billion; its shares were traded at around $96.51 with a P/E ratio of 23.6 and P/S ratio of 11.1. The dividend yield of Federal Realty Investment Trust stocks is 2.9%. Federal Realty Investment Trust had an annual average earning growth of 2.3% over the past 10 years. GuruFocus rated Federal Realty Investment Trust the business predictability rank of 3.5-star.

Highlight of Business Operations:

revolving credit facility and/or for general corporate purposes. For the three months ended December 31, 2011, no shares were issued under the ATM equity program. For the year ended December 31, 2011, we issued 1,662,038 common shares at a weighted average price per share of $85.26 for net cash proceeds of $139.3 million and paid $2.1 million in commissions related to the sales of these common shares.

Total property revenue increased $11.3 million, or 2.1%, to $553.1 million in 2011 compared to $541.8 million in 2010. The percentage occupied at our shopping centers decreased to 92.4% at December 31, 2011 compared to 93.2% at December 31, 2010. Changes in the components of property revenue are discussed below.

Property operating income increased $10.3 million, or 2.8%, to $382.9 million in 2011 compared to $372.6 million in 2010. This increase is primarily due to growth in earnings at same-center properties, properties acquired in 2010 and 2011 and redevelopment properties.

Total property revenue increased $13.2 million, or 2.5%, to $541.8 million in 2010 compared to $528.6 million in 2009. The percentage occupied at our shopping centers remained unchanged at 93.2% at December 31, 2010 and 2009. Changes in the components of property revenue are discussed below.

Property operating income increased $10.3 million, or 2.8%, to $372.6 million in 2010 compared to $362.4 million in 2009. This increase is primarily due to growth in earnings at same-center and redevelopment properties.

Read the The complete Report