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Federated Hermes (FRA:3KC) FFO


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What is Federated Hermes FFO?

FFO (Funds from operations) only applies to REITs.


Federated Hermes Business Description

Traded in Other Exchanges
Address
1001 Liberty Avenue, Pittsburgh, PA, USA, 15222-3779
Federated Hermes provides asset-management services for institutional and individual investors. The firm had $800 billion in managed assets at the end of September 2024, composed of equity (10%), multi-asset (less than 1%), fixed-income (12%), alternative (3%), and money market (74%) funds. The firm's cash-management operations are expected to generate around 51% of Federated's revenue this year, compared with 29%, 12%, and 7%, respectively, for the equity, fixed-income, and alternatives/multi-asset operations. The company's products are distributed via trust banks, wealth managers, and retail broker/dealers (65% of AUM), institutional investors (26%), and international clients (9%).