Federal Realty Investment Trust Announces First Quarter 2016 Earnings Release Date And Conference Call Information

09 Mar, 2016, 16:30 ET from Federal Realty Investment Trust

ROCKVILLE, Md., March 9, 2016 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) will announce first quarter 2016 earnings in a press release to be issued after market close on Wednesday, May 4, 2016.

The conference call for first quarter earnings will take place on Thursday, May 5, 2016, at 11:00 a.m. Eastern Daylight Time (EDT).  Conference call access information is as follows:

Toll Free Number:   

(877) 445-3230

Pass Code:             

68139087

A telephonic replay of the conference call will be available beginning at 2:00 p.m. EDT on Thursday, May 5, 2016, through May 12, 2016.  Replay access information is as follows:

Toll Free Number:        

(855) 859-2056

Pass Code:                  

68139087

A live on-demand webcast of the conference call will be available on Federal Realty's web site at www.federalrealty.com.  Please check the company's web site prior to the call for any materials that may be used during the conference call.  An online playback of the webcast will be available at www.federalrealty.com for 30 days following the conference call.

About Federal Realty

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 90 properties include over 2,700 tenants, in approximately 21.4 million square feet, and over 1,700 residential units. 

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 48 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT.

Safe Harbor Language

Certain matters discussed within this press release may be deemed to be forward-looking statements within the meaning of the federal securities laws. Although Federal Realty believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. These factors include, but are not limited to, the risk factors described in our Annual Report on Form 10-K filed on February 9, 2016, and include the following:

  • risks that our tenants may not pay rent, may vacate early or may file for bankruptcy or that we may be unable to renew leases or re-let space at favorable rents as leases expire;
  • risks that we may not be able to proceed with or obtain necessary approvals for any redevelopment or renovation project, and that completion of anticipated or ongoing property redevelopments or renovation projects that we do pursue may cost more, take more time to complete, or fail to perform as expected;
  • risks that we are investing a significant amount in ground-up development projects that may be dependent on third parties to deliver critical aspects of certain projects, requires spending a substantial amount upfront in infrastructure, and assumes receipt of public funding which has been committed but not entirely funded;
  • risks normally associated with the real estate industry, including risks that occupancy levels at our properties and the amount of rent that we receive from our properties may be lower than expected, that new acquisitions may fail to perform as expected, that competition for acquisitions could result in increased prices for acquisitions, that environmental issues may develop at our properties and result in unanticipated costs, and, because real estate is illiquid, that we may not be able to sell properties when appropriate;
  • risks that our growth will be limited if we cannot obtain additional capital;
  • risks associated with general economic conditions, including local economic conditions in our geographic markets;
  • risks of financing, such as our ability to consummate additional financings or obtain replacement financing on terms which are acceptable to us, our ability to meet existing financial covenants and the limitations imposed on our operations by those covenants, and the possibility of increases in interest rates that would result in increased interest expense; and
  • risks related to our status as a real estate investment trust, commonly referred to as a REIT, for federal income tax purposes, such as the existence of complex tax regulations relating to our status as a REIT, the effect of future changes in REIT requirements as a result of new legislation, and the adverse consequences of the failure to qualify as a REIT.

Given these uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements that we make, including those in this press release. Except as may be required by law, we make no promise to update any of the forward-looking statements as a result of new information, future events or otherwise. You should carefully review the risks and risk factors included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 9, 2016.

Investor Inquiries       

Media Inquiries

Leah Andress           

Andrea Simpson          

Investor Relations      

Vice President, Marketing

301/998-8265             

617/684-1511                

landress@federalrealty.com  

asimpson@federalrealty.com  

 

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SOURCE Federal Realty Investment Trust



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