Federal Realty Recognized for Health & Wellness, Workplace Excellence Achievements
ROCKVILLE, Md., June 1, 2010 /PRNewswire via COMTEX/ --Federal Realty Investment Trust (NYSE: FRT) today was presented with two prestigious honors by the Alliance for Workplace Excellence. The 2010 Workplace Excellence Award and the 2010 Health & Wellness Trailblazer Award were given during AWE's annual awards luncheon at the North Marriott Hotel and Conference Center in Bethesda, Maryland. 2010 marks the third consecutive year Federal Realty has won both awards.
Federal Realty is among 61 organizations in the Washington, D.C. area to be recognized for Workplace Excellence this year, and among 33 companies recognized as Health & Wellness Trailblazers. 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.
"We are proud to receive these awards in recognition of our commitment to excellence," said Laura Houser, human resources manager for Federal Realty. "We recognize that our success in shopping center real estate comes not just from our properties but from our team of professionals that make us an industry leader. We strive to reward our employees with a stimulating environment by providing high levels of motivation, empowerment and recognition."
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 is a nonprofit founded by Montgomery County, Maryland, and Discovery Communications to provide services to enable employers to build excellent places to work.
The Workplace Excellence Awards specifically recognize companies that demonstrate merit in each of the following categories: Supportive Corporate Culture and Management Practices; Family and Employee Friendly Policies and Practices; Strong Employee Health and Wellness Initiatives; Comprehensive Growth and Learning Opportunities; and Demonstration to Corporate Social Responsibility and Employee Volunteerism.
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 18.2 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 94.1% leased to national, regional, and local retailers as of March 31, 2010, with no single tenant accounting for more than approximately 2.6% 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 42 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 on Federal Realty, please visit www.federalrealty.com.
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SOURCE Federal Realty Investment Trust