- REIT extends track record of corporate achievement, wins three awards for workplace excellence -
ROCKVILLE, Md., June 12, 2014 /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 May 20, 2014 in Bethesda, Maryland. The Trust received the 2014 Workplace Excellence Seal of Approval Award, 2014 Health & Wellness Seal of Approval Award and 2014 EcoLeadership Award. 2014 marks the seventh consecutive year Federal Realty has won Workplace Excellence and Health & Wellness awards, and the fourth year it has won the EcoLeadership award.
Federal Realty was among sixty-six organizations in the Washington, D.C. area to be recognized by the Alliance for Workplace Excellence. 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.
"The individuals who work at Federal Realty are our greatest asset. It is an honor to be recognized for the seventh year in a row as one of the top places to work in the Washington, D.C. area," said Laura Houser, senior manager of human resources & benefits of Federal Realty.
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.
About The Alliance for Workplace Excellence
The Alliance for Workplace Excellence (AWE) is a 501(c)3 non-profit organization founded in 1999 by Montgomery County, MD and Discovery Communications. Over the past 15 years, AWE has been dedicated to empowering employers to build excellence in the workplace as a means of supporting the quality of life for employees, their families, and the community at-large. AWE is dedicated to increasing the number of excellent workplaces within the business community through education and recognition, as a means to enhance the quality of life of its citizens and empower economic growth.
For more information, please visit http://www.excellentworkplace.org/.
About Federal Realty
Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development, and redevelopment of high quality retail assets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 20 million square feet located primarily in strategically selected metropolitan markets in the Northeast, Mid-Atlantic, and 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 95.6% leased to national, regional, and local retailers as of March 31, 2014, with no single tenant accounting for more than approximately 3.3% 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 46 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.
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SOURCE Federal Realty Investment Trust
