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0.00127638684339711 0.000392734413352892 0.000196367206676446 0.000137457044673498 -0.00147275405007369 -0.000490918016691324 -0.000883652430044216 -0.00373097692685331
Stock impact report

Federal Realty (FRT) Grows With Virginia Gateway Acquisition [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
This acquisition adds approximately 665,000 square feet of prime retail space to Federal Realty's portfolio and underscores its commitment to owning and operating high-quality, high-traffic retail properties in affluent markets. A highly visible and accessible retail center, Virginia Gateway is situated at the bustling intersection of Route 29 and I-66 and is roughly 95% occupied. This prominent retail and entertainment hub, which draws visitors from a wide regional trade area, ranked third in Virginia for annual visits in 2023, per Placer.ai and is placed just behind Tysons Corner. This high foot traffic translates into robust tenant sales across categories, particularly in the food and beverage sector. Virginia Gateway boasts a diverse tenant mix spread across five distinct sections. This includes the giant food grocery-anchored shopping center, the Promenade featuring national specialty retailers and dining options and the pedestrian-oriented Atlas Walk town center. Also, Pla Show less Read more
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