Federal Realty (FRT) Closes Third Street Promenade Portfolio Sale [Yahoo! Finance]
Federal Realty Investment Trust (FRT)
Last federal realty investment trust earnings: 2/10 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.federalrealty.com
Company Research
Source: Yahoo! Finance
assets on Third Street Promenade in Santa Monica, CA, for $103 million. The portfolio comprised eight buildings with 185,000 square feet of space. This sale completes the disposition of the portfolio, bringing total proceeds to $120 million, including a prior transaction. Located just a quarter mile from Santa Monica Beach, the Third Street Promenade portfolio includes 147,000 square feet of retail space and 60,000 square feet of office space across both transactions. The successful sale underscores the company's commitment to dynamic portfolio management and strategic capital allocation. By selling these non-core assets, Federal Realty is able to enhance its focus on key markets and boost its financial flexibility, allowing it to invest in properties that align more closely with its long-term growth objectives. One such strategic investment is the recent acquisition of Virginia Gateway, a dominant 110-acre retail hub located in Gainesville, VA. This acquisition added approximat
Show less
Read more
Impact Snapshot
Event Time:
FRT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FRT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FRT alerts
High impacting Federal Realty Investment Trust news events
Weekly update
A roundup of the hottest topics
FRT
News
- These REITs Yield Up To 5.9% With Over 25 Years of Dividend Growth [Yahoo! Finance]Yahoo! Finance
- Federal Realty Investment: A Growing Dividend Aristocrat With A 4.3% Yield [Seeking Alpha]Seeking Alpha
- Federal Realty Investment Trust Completes Sale of Third Street Promenade Portfolio [Yahoo! Finance]Yahoo! Finance
- Federal Realty Investment Trust Completes Sale of Third Street Promenade PortfolioPR Newswire
- Federal Realty (FRT) Grows With Virginia Gateway Acquisition [Yahoo! Finance]Yahoo! Finance