Results reflect Federal's environmental leadership in its operations and development
NORTH BETHESDA, Md., Oct. 3, 2022 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) is pleased to announce that it has been recognized as a peer group leader in multiple categories in the 2022 Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment. GRESB is a preeminent ESG benchmark for the real estate industry.
The company earned the #1 ranking in the U.S. Publicly Listed Retail Centers peer group under the Standing Investments Benchmark Report and in the U.S. Diversified-Office/Residential peer group under the Development Benchmark Report. It also received an "A" Public Disclosure Score from GRESB for the second consecutive year and achieved "Green Star" recognition for the fifth year. The REIT was previously named "Development Sector Leader" in GRESB's 2020 Real Estate Assessment.
"These GRESB results are an acknowledgment of the positive impacts of Federal's decades long focus on developing, building and operating its real estate assets in a way that is sustainable for the long-term," said David Faeder, Federal Realty's Non-Executive Chairman of the Board. "Federal's Board and management team share the expectations of our stakeholders that Federal act as a responsible corporate citizen and having a third party assessment by GRESB confirm that those expectations are being met is very gratifying."
More information about Federal Realty's comprehensive ESG program can be found in its 2021 Environmental Social and Governance Report, available under the ESG section of the company's website.
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, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its 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 105 properties include approximately 3,100 tenants, in 25 million square feet, and approximately 3,400 residential units.
Federal Realty has increased its quarterly dividends to its shareholders for 55 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.
Investor Inquiries:
Leah Andress Brady
Vice President, Investor Relations
301.998.8265
lbrady@federalrealty.com
Media Inquiries:
Brenda Pomar
Director, Corporate Communications
301.998.8316
bpomar@federalrealty.com
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SOURCE Federal Realty Investment Trust
