Valued at a market cap of $8.4 billion, Federal Realty Investment Trust (FRT) is a real estate company that owns, operates and redevelops high-quality retail-based properties located primarily in major coastal markets. The North Bethesda, Maryland-based company’s retail properties are anchored by supermarkets, drug stores or high-volume, value-oriented retailers, which provide consumer necessities.
Shares of this retail REIT have underperformed the broader market over the past 52 weeks. FRT has declined 4.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.5%. Moreover, on a YTD basis, the stock is down 12.7%, compared to SPX’s 1.4% rise.
