Valued at a market cap of $9.4 billion, Federal Realty Investment Trust (FRT) owns, operates, and redevelops high-quality retail-based properties located primarily in major coastal markets in the U.S. The Rockville, Maryland-based company invests in densely populated, well-off communities where retail demand is high.
Shares of this REIT have underperformed the broader market over the past 52 weeks. FRT has gained 22.5% over this time frame, while the broader S&P 500 Index ($SPX) has risen 30.1%. Moreover, on a YTD basis, the stock has gained 9.8%, relative to SPX’s nearly 24.1% increase.
