Rockville, Maryland-based Federal Realty Investment Trust (FRT) is a real estate investment trust (REIT) that owns, manages, develops, and redevelops premium retail and mixed-use properties. Valued at a market cap of $8.7 billion, the company mainly focuses on investing in densely populated, well-off communities where retail demand is high.
Shares of this REIT have underperformed the broader market over the past 52 weeks. FRT has gained 4.1% over this time frame, while the broader S&P 500 Index ($SPX) has soared 22.3%. Moreover, on a YTD basis, the stock is down 6.2%, compared to SPX’s 4% rise.
