FRT

Federal Realty Investment Trust

A real estate investment trust that owns, develops, and redevelops retail and mixed-use "live, work, play" properties in densely populated metro areas, including grocery-anchored shopping centers. Founded in 1962 by economist Samuel Gorlitz in Washington, D.C., it took the "Federal" in its name from the region's ties to the federal government and started with a small portfolio of D.C.-area centers. It holds the record for the longest consecutive streak of annual dividend increases of any REIT, the only one to earn the nickname "Dividend King."

Common Stock