Reopening announcement welcomed by business owners
Some residents think county should wait before lifting COVID-19 restrictions By Dan Schere |
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Montgomery County’s announcement that it would be lifting most COVID-19 restrictions was welcomed by many residents and members of the business community on Saturday.
The restrictions will be lifted at 6 a.m. on May 28, which is two weeks after the county reached its goal of administering all the required doses of the vaccine to at least 50% of the population – a benchmark that was reached on Friday, according to County Health Officer Dr. Travis Gayles.
Industrious expansion a sign of life for D C -area coworking sector - Washington Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Operator
Greetings, and welcome to the Federal Realty Investment Trust First Quarter 2021 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to your host, Leah Brady.
Leah Andress Brady
Investor Relations Associate
Good morning. Thank you for joining us today for Federal Realty s First Quarter 2021 Earnings Conference Call. Joining me on the call are Don Wood; Dan G.; Jeff Berkes; Wendy Seher; Dawn Becker; and Melissa Solis. They will be available to take your questions at the conclusion of our prepared remarks. A reminder that certain matters discussed on this call may be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any annualized or projected information as well as statements referring to expected or anticipated events or results, including guidance. Although Federal Realty believes the expectations reflected in such forward-l
Friends of White Flint are asking Montgomery County to rename the White Flint Metro Station to the North Bethesda station “to reflect the community’s preference, history, and redevelopment plans,” wrote Executive Director Amy Ginsburg. In a letter to Executive Marc Elrich and Councilmember Andrew Friedson, Friends of White Flint explained that following a public meeting […]
Federal Realty Investment Trust Announces First Quarter 2021 Operating Results
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NORTH BETHESDA, Md., May 5, 2021 /PRNewswire/ Federal Realty Investment Trust (NYSE:FRT) today reported operating results for its first quarter ended March 31, 2021. For the three months ended March 31, 2021 and 2020, net income available for common shareholders was $0.60 per diluted share and $0.70 per diluted share, respectively.
Highlights for the quarter and subsequent events include:
Generated funds from operations available to common shareholders (FFO) per diluted share of $1.17 for the quarter compared to $1.50 for the first quarter 2020.
Signed leases for 506,307 square feet of comparable space in the first quarter at an average rent of $36.58 psf and achieved cash basis rollover growth of 9%.