Federal Realty Investment Trust Promotes Craig Klimisch to Vice President - Corporate Controller

ROCKVILLE, Md., Feb. 8, 2017 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) today announced the promotion of Craig Klimisch to Vice President – Corporate Controller. In this capacity, Mr. Klimisch is responsible for all aspects of accounting functions and processes, internal and external financial reporting and SEC filing requirements. Mr. Klimisch joined Federal Realty in 2011.

"Craig has grown tremendously in his capacity as Corporate Controller over the past five years," said Melissa Solis, Federal Realty's Chief Accounting Officer. "He is my valuable and respected partner on all accounting issues at Federal and I am thrilled that his contribution has been recognized with this promotion to a corporate officer."

Dan Guglielmone, EVP Chief Financial Officer, adds, "I have been so thoroughly impressed by the caliber of the team up and down the ranks since joining Federal last summer. Craig is the latest in the recognition of that competence and professionalism."

Prior to joining Federal Realty, Mr. Klimisch was a Senior Manager with international accounting firm KPMG LLP.  Mr. Klimisch, a CPA, received a Bachelor of Science in Finance and Accounting from Marquette University, graduating in 1997.

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 96 properties include over 2,800 tenants, in approximately 22 million square feet, and over 1,800 residential units. 

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 49 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

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SOURCE Federal Realty Investment Trust