Federal Realty, 2012 Triple Winner, Recognized by the Alliance for Workplace Excellence - REIT extends track record of corporate achievement, wins EcoLeadership Award for sustainability initiatives -
ROCKVILLE, Md., June 20, 2012 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) was presented with three prestigious honors by the Alliance for Workplace Excellence (AWE) during AWE's annual awards luncheon held Monday, June 11, in Bethesda, Maryland. The Trust received the 2012 Workplace Excellence Award, 2012 Health & Wellness Trailblazer Award and 2012 EcoLeadership Award. 2012 marks the fifth consecutive year Federal Realty has won Workplace Excellence and Health & Wellness awards, and the second year it has won the EcoLeadership award.
Federal Realty was among 66 organizations in the Washington, D.C. area to be recognized for Workplace Excellence this year, 45 companies recognized as Health & Wellness Trailblazers, 28 companies recognized as EcoLeaders, and only 18 recognized as a "triple winner". These exclusive awards highlight businesses that promote professional fulfillment and personal wellness at work, at home, and in the community. All award applicants undergo a rigorous assessment process led by an independent review panel of professors, PhD professionals, and doctoral candidates in business, industrial and organizational psychology and human resources.
"As we celebrate our 50th anniversary this year, we are honored to be recognized by AWE for our focus on our employees," said Laura Houser, human resources manager for Federal Realty. "Our employees are passionate about their jobs and our company and we are happy to provide them with the stimulating environment they need to feel motivated, empowered, and recognized for a job well done."
Among the benefits and programs offered at Federal Realty, employees enjoy a fitness center, free breakfast one day per week, free and ample parking, proximity to retail, bank and METRO facilities, quarterly meetings with executive management, fundraising opportunities, an employee stock purchase program, and incentive programs including tuition reimbursement.
The Alliance for Workplace Excellence specifically recognizes companies that demonstrate merit in each of the following categories for the awards for Excellent Workplace and Health & Wellness Trailblazer: workforce demographics, management practices, employee engagement, corporate social responsibility, diversity and inclusion, total rewards programs and benefits, health & wellness programs and initiatives, and employee voice survey. The EcoLeadership award honors companies recognizing the importance of environmental sustainability by demonstrating a commitment to: leadership, waste minimization, energy demand and supply, water conservation practices, toxic and hazardous substances/pollution prevention, transportation, measurement, building operations, and employee engagement and communications.
About The Alliance for Workplace Excellence
The Alliance for Workplace Excellence provides a portfolio of services that allow employers to build excellent places to work. It created the Workplace Excellence and Health & Wellness Trailblazer Awards to highlight businesses that promote professional fulfillment and personal wellness at work, at home, and in the community. Launched in 2009, the EcoLeadership Award honors companies that recognize the importance of environmental sustainability.
The Alliance is a 501(c)3 nonprofit organization founded by Montgomery County, Maryland, and Discovery Communications. For more information, visit http://www.excellentworkplace.org.
About Federal Realty
In 2012, Federal Realty celebrates 50 years of being a proven leader in the ownership, operation, and redevelopment of high quality retail real estate in the country's best markets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 19.2 million square feet located primarily in strategically selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest. Our operating portfolio (excluding joint venture properties) was 93.8% leased to national, regional, and local retailers as of March 31, 2012, with no single tenant accounting for more than approximately 2.5% of annualized base rent. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 44 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P MidCap 400 company and its shares are traded on the NYSE under the symbol FRT. For more information, please visit www.federalrealty.com.
SOURCE Federal Realty Investment Trust