Nov 2, 4:39 PM ET
Federal Realty filed a prospectus supplement covering the resale by certain selling shareholders of up to 3,901,260 common shares that could be issued if holders exercise the exchange option on its 3.500% Exchangeable Senior Notes due 2031. The notes were issued by Federal Realty OP LP in an aggregate principal amount of $460 million on August 11, 2026. The filing is administrative and adds no new financial results, but it signals potential future share issuance that existing shareholders may want to track.
- Up to 3,901,260 common shares may be resold by selling shareholders under the filing.
- Shares are issuable upon exercise of the exchange option on the $460 million 3.500% Exchangeable Senior Notes due 2031.
- Notes were originally issued by Federal Realty OP LP on August 11, 2026.
- Pillsbury Winthrop Shaw Pittman LLP's legality opinion is filed as Exhibit 5.1.
Read the filing on SEC.gov ↗
Oct 30, 7:31 AM ET
Federal Realty Investment Trust reported third quarter 2026 net income available for common shareholders of $64.2 million, or $0.74 per diluted share, up from $59.6 million, or $0.69 per diluted share, in the prior-year period. The company raised and tightened its full-year 2026 Core FFO guidance to $7.54 to $7.58 per diluted share and announced the post-quarter acquisition of The Summit for $508.0 million.
- Generated Nareit FFO and Core FFO of $1.87 per diluted share for the third quarter of 2026, representing a 5.6% increase year-over-year.
- Signed 117 comparable retail leases totaling 532,220 square feet with cash rent growth of 14%.
- Acquired The Summit in Birmingham, AL, for $508.0 million on October 1, 2026.
- Raised full-year 2026 Core FFO guidance to a range of $7.54 to $7.58 per diluted share.
Read the filing on SEC.gov ↗
Aug 11, 4:01 PM ET
Federal Realty OP LP, the operating partnership of Federal Realty Investment Trust, issued $460 million of 3.500% exchangeable senior notes due 2031 on August 11, 2026, including $60 million from the exercise of the initial purchasers' option. The notes are unsecured, are not guaranteed by the parent, and can be exchanged into cash and common shares at an initial rate of 7.2179 shares per $1,000 principal amount, about $138.54 per share, which could dilute existing shareholders if exchanged into shares.
- Notes total $460 million, mature August 15, 2031, and pay 3.500% interest semiannually starting February 15, 2027
- Initial exchange rate of 7.2179 common shares per $1,000 principal, equal to about $138.54 per share; filing cites a maximum of 3,901,260 shares issuable at a maximum exchange rate of 8.4810
- Capped call transactions have a cap price of about $165.07, a 40% premium over the $117.91 NYSE close on August 6, 2026; part of the proceeds funded these transactions
- Remaining net proceeds are intended for debt repayment and general corporate purposes; the parent must file a shelf registration on or before the 90th day after issuance
Read the filing on SEC.gov ↗
Jul 31, 7:33 AM ET
Federal Realty Investment Trust reported second quarter 2026 results with total revenue of $335.7 million, up from $311.5 million a year earlier, and diluted earnings per share of $0.97, down from $1.78, mainly because of a lower gain on property sales and the absence of a one-time tax credit in 2025. Core FFO per diluted share rose 6.8% to $1.88, and the company raised its full-year 2026 guidance for earnings and FFO per diluted share, while also raising its quarterly dividend 3% to $1.16 per share.
- Q2 2026 diluted EPS was $0.97 versus $1.78 in Q2 2025; gain on sale of real estate was $20.6 million versus $76.5 million
- Core FFO per diluted share was $1.88, up from $1.76, a 6.8% increase; Nareit FFO per diluted share was $1.88 versus $1.91
- 2026 guidance raised: diluted EPS to $4.22 to $4.30 from $3.94 to $4.03; Core FFO per diluted share to $7.48 to $7.56 from $7.46 to $7.55
- Quarterly dividend increased to $1.16 per share, payable October 15, 2026, the 59th consecutive annual increase
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
