1. FRT published its 2024 Sustainability Report today, emphasizing key achievements. 2. Achieved a 35% reduction in Scope 1 and 2 GHG emissions, nearing 46% target. 3. FRT has 15.3MW solar capacity, leading shopping centers in renewable energy. 4. Sourced 51% of electricity from zero-carbon power, showcasing energy sustainability efforts. 5. FRT continues long-term dividend growth, signaling financial strength and reliability.
Sustainability initiatives resonate positively in the market, similar to past performance during eco-friendly trends.
The sustainability report demonstrates FRT's commitment to eco-friendly practices, likely attracting environmentally conscious investors.
Investments in sustainability are likely to yield benefits over multiple years, as seen with past ESG-oriented strategies boosting market performance.
/PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) announced today the publication of its 2024 Sustainability Report. The report highlights the company's accomplishments in sustainability aligned with its five key priorities that directly support its business strategy.
View the full report for in-depth information pertaining to Federal Realty's sustainability initiatives by visiting www.federalrealty.com/sustainability-report-2024.
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as Northern and Southern California. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 103 properties include approximately 3,500 tenants, in 27 million commercial square feet, and approximately 3,100 residential units.
Federal Realty has increased its quarterly dividends to its shareholders for 57 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.
Jill Sawyer
Senior Vice President, Investor Relations
301.998.8265
[email protected]
Brenda Pomar
Senior Director, Corporate Communications
301.998.8316
[email protected]
SOURCE Federal Realty Investment Trust