ROCKVILLE, Md., June 13, 2012 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) is pleased to announce that it will ring The Closing Bell at the New York Stock Exchange (NYSE) on Monday, June 18th to commemorate the Company's 50th Anniversary.
Don Wood, Chairman and CEO of Federal Realty, said "We are honored to ring The Closing Bell at the NYSE to celebrate 50 years of proven performance. This ceremony is a tribute to our employees, investors and partners who continue to position Federal Realty as a leader in the real estate industry." He continued, "Federal's focus on its employees has been a cornerstone in developing a corporate culture built for success. Our talented group of employees is a testament to our growth, success and longevity."
More than 70 employees and members of Federal Realty's management team will join Mr. Wood as he rings the Closing Bell at 4:00 p.m. EST. A live webcast of the ceremony will be available beginning at 3:59 p.m. EST at the NYSE's website www.nyse.com. Photos and video of the NYSE Bell Ringing Ceremony will also be available, courtesy of the NYSE, on Facebook (NYSE Euronext-Official Site), Twitter (@NYSE_Euronext) and YouTube (nysetv1).
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