Federal Realty Investment Trust Releases Tax Status of 2020 Distributions
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ROCKVILLE, Md., Jan. 27, 2021 /PRNewswire/ Federal Realty Investment Trust (NYSE:FRT) released today the Federal income tax treatment for 2020 distributions to holders of its Common Shares of Beneficial Interest (NYSE: FRT) and its 5.000% Series C Cumulative Redeemable Preferred Shares (NYSE: FRT.PRC).
Common Shares (CUSIP # 313747206)
5.000% Series C Cumulative Redeemable Preferred Shares (CUSIP # 313747602)
Record Date
(2)
These amounts are a subset of, and included in, the 2020 Taxable Ordinary Dividend amounts.
The company did not incur any foreign taxes. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Federal Realty distributions. Should you need any additional information, contact Leah Brady, Investor Relations, at 301-998-8265.
For brick and mortar retailers in the Boston area, itâs boom or bust, depending on where you look
By Janelle Nanos Globe Staff,Updated January 23, 2021, 2:50 p.m.
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A shuttered store opposite the empty Lord & Taylor department store on Boylston Street.Lane Turner/Globe Staff
Legions of Bostonâs office workers left town when the pandemic broke out. When they return, theyâll find its streetscapes profoundly transformed.
Wander the cityâs corridors of commerce and youâll witness darkened storefronts and shuttered restaurants. These are the casualties of a pandemic that has hit the retail world unevenly. A tour of the regionâs shopping hubs offers a complex look at street life now that holiday shoppers have retreated, with one new reality starkly clear: Urban shopping districts are in dire shape right now, while the situation is more nuanced in the suburbs.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Federal Realty Announces December Sales of Non-Strategic Assets and Senior Note Redemptions as the Company Looks Beyond COVID-19
January 7, 2021 GMT
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 San Francisco and Los Angeles. (PRNewsfoto/Federal Realty Investment Trust)
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 San Francisco and Los Angeles. (PRNewsfoto/Federal Realty Investment Trust)
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ROCKVILLE, Md., Jan. 7, 2021 /PRNewswire/ Federal Realty Investment Trust (NYSE: FRT) today announced the sale of The Shops at Sunset Place in South Miami Florida along with the sales of two of its more traditional shopping centers in Washington, D.C. and Chapel Hill, North Carolina for combined gross proceeds of $170 million. All three sales closed prior to year-end 2020 and the properties were not central to the Company s future growth plans.
Separately, the Trust repaid at par its $250 million 2.55% senior unsecured notes due 2021 and redeemed $250 million 3.00% senior unsecured notes due 2022. As a result, the Trust has no public bonds maturing until June 2023 and begins 2021 with approximately $800 million of cash on the balance sheet and a fully undrawn $1 billion credit facility.