Federal Realty: A Solid Q1 Provides Scope For Faster Dividend Increases (Upgrade)

  • Federal Realty has underperformed, but solid Q1 financials and valuation improvements make it an attractive buy for income and moderate capital appreciation. FRT's high-quality assets in dense, high-income areas and strong retail leasing metrics support resilient demand and steady cash flow growth. The company's solid balance sheet, 4.6% dividend yield, and potential for accelerated dividend growth enhance its investment appeal.