The Yield Hunter Let's make some money and sleep well at night
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Federal Realty Trust
A Retail REIT
Period End 6/30/2008
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Copyrights 2006-2007 SGM Publishing
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Federal Realty Investment Trust operates as a real estate investment
trust, which engages in the ownership, management, development,
and redevelopment of retail and mixed-use properties. As of June 30,
2005, it owned or had a majority interest in 103 community and
neighborhood shopping centers, and retail mixed-use properties
(excluding joint venture properties) comprising approximately 17.4
million square feet located primarily in strategic metropolitan markets in
the Northeast, Mid-Atlantic, and California. In addition, it had 30%
interest in approximately 0.5 million square feet of retail space through
its joint venture with an affiliate of Clarion Lion Properties Fund, and
one apartment complex in Maryland. The company has elected to be
taxed as a REIT. As a REIT, it is not subject to federal income tax on
taxable income that it distributes to its shareholders. The company was
founded in 1962 and is headquartered in Rockville, Maryland.