Valued at a market cap of $9.2 billion, Federal Realty Investment Trust (FRT) owns, operates, and redevelops high-quality retail-based properties located primarily in major coastal markets from Washington, D.C., to Boston, as well as Northern and Southern California. The Rockville, Maryland-based company’s mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.
Companies valued at less than $10 billion are typically classified as “mid-cap stocks,” and FRT fits the label perfectly. The REIT owns and operates around 104 properties and has expertise in creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland, and Assembly Row in Somerville, Massachusetts.
