Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust that owns, operates, and redevelops retail and mixed-use properties. Revenue comes primarily from rental income collected under leases with retail, restaurant, and residential tenants at its properties. The trust is structured as a REIT, with Federal Realty OP LP serving as its operating partnership. FRT has issued 5.00% Series C Cumulative Redeemable Preferred Stock in addition to common shares, reflecting a capital structure that includes preferred equity alongside its common equity. The filing excerpts do not support specific property counts, geographic footprint details, tenant concentration figures, or segment revenue breakdowns for the fiscal year covered by the 10-K filed 2026-02-12.

Revenue model

Rental income from leases with retail, restaurant, and mixed-use tenants at owned properties. Preferred equity (5.00% Series C Cumulative Redeemable Preferred Stock) and common equity comprise the capital structure, consistent with a REIT model that distributes income to shareholders.

Products and services

Ownership, operation, and redevelopment of retail and mixed-use real estate properties. Operating partnership structure via Federal Realty OP LP.

Value-chain role

Property owner and operator in the retail and mixed-use real estate sector. Acts as landlord to retail and commercial tenants.

Source: SEC 10-K, filed 2026-02-12

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