Valued at a market cap of $8 billion, Federal Realty Investment Trust (FRT) is an equity real estate investment trust (REIT) that specializes in the ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities in the Northeast and Mid-Atlantic regions of the United States, California, and South Florida.
Companies valued between $2 billion and $10 billion are generally classified as “mid-cap stocks," and Federal Realty Investment Trust fits this criterion perfectly. The company’s portfolio comprises 103 properties, serving approximately 3,500 tenants across 27 million square feet of commercial space and approximately 3,100 residential units.
