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| Company type | Public |
|---|---|
| Industry | Real estate investment trust |
| Founded | 1962; 64 years ago (1962) |
| Founder | Samuel J. Gorlitz |
| Headquarters | Rockville, Maryland, U.S. |
Key people | David Faeder (Chairman) Donald C. Wood (CEO &President) Daniel Guglielmone (CFO) |
| Products | Shopping centers |
| Revenue |  US$951 million (2021) |
| US$269 million (2021) | |
| Total assets | US$7.622 billion (2021) |
| Total equity | US$2.663 billion (2021) |
Number of employees | 315 (2021) |
| Website | federalrealty |
| Footnotes / references [1] | |
Federal Realty Investment Trust is areal estate investment trust that invests inshopping centers in theNortheastern United States, theMid-Atlantic states,California, andSouth Florida.[1]
As of December 31, 2021, the company owned interests in 104 shopping centers containing 25.1 million square feet.[1]
Notable properties owned by the company include:[1]
In 1962, the company was founded by Samuel J. Gorlitz inWashington, D.C.[2][1] In 1999, the company was reorganized as a real estate investment trust inMaryland.[1] In 2007, founder Samuel J. Gorlitz died.[2] In 2015, the company acquired an 85% interest inThe Shops at Sunset Place based on a property valuation of $110.2 million.[3] In 2021, the company acquired a 60% ownership stake inGrossmont Center inLa Mesa, California worth $175 million.[4]
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