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Federal Realty Partners with Freight Farms for Urban Farming
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Federal Realty Investment Trust (FRT - Free Report) announced that it has tied up with Freight Farms, the Boston-based company that retrofits shipping containers. The company aims at bringing urban farming to its shopping centers with vertical farming technology that can generate huge amount of produce in a very small area.
Rockville, MD-based Federal Realty is a retail real estate investment trust (REIT) which owns, manages, develops and redevelops premium retail and mixed-use properties in the U.S. Through this partnership, unused parking spaces of the retail REIT can be effectively utilized to produce food, useful for the tenants, customers and community of the shopping centers. Federal Realty will offer parking spaces for rent to freight farmers at select shopping centers.
The company is committed to lowering the adverse effect on environment, not only through sustainable development but also through strategic alliance that adds value to the communities. Federal Realty and Freight Farms plan to initiate this program in strategic locations, with the first farm likely to start its operation this spring.
Currently, Federal Realty carries a Zacks Rank #3 (Hold).
Shares of Federal Realty underperformed the Zacks categorized REIT and Equity Trust - Retail industry in the last three months. During this time, shares of the company lost 6.2%, whereas the industry declined 5.2%.
In the last 30 days, Equity Commonwealth’s FFO per share for first-quarter 2017 remained unchanged at 26 cents.
In the last 30 days, CoreSite Realty’s FFO per share for first-quarter 2017 increased 0.9% to $1.06.
CorEnergy Infrastructure Trust’s first-quarter 2017 FFO per share estimates moved up 6.5% to $1.14, in the last 30 days.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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Federal Realty Partners with Freight Farms for Urban Farming
Federal Realty Investment Trust (FRT - Free Report) announced that it has tied up with Freight Farms, the Boston-based company that retrofits shipping containers. The company aims at bringing urban farming to its shopping centers with vertical farming technology that can generate huge amount of produce in a very small area.
Rockville, MD-based Federal Realty is a retail real estate investment trust (REIT) which owns, manages, develops and redevelops premium retail and mixed-use properties in the U.S. Through this partnership, unused parking spaces of the retail REIT can be effectively utilized to produce food, useful for the tenants, customers and community of the shopping centers. Federal Realty will offer parking spaces for rent to freight farmers at select shopping centers.
The company is committed to lowering the adverse effect on environment, not only through sustainable development but also through strategic alliance that adds value to the communities. Federal Realty and Freight Farms plan to initiate this program in strategic locations, with the first farm likely to start its operation this spring.
Currently, Federal Realty carries a Zacks Rank #3 (Hold).
Shares of Federal Realty underperformed the Zacks categorized REIT and Equity Trust - Retail industry in the last three months. During this time, shares of the company lost 6.2%, whereas the industry declined 5.2%.
Investors interested in the REIT space may consider stocks like Equity Commonwealth (EQC - Free Report) , CoreSite Realty Corporation (COR - Free Report) and CorEnergy Infrastructure Trust, Inc. . Each of these stocks carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the last 30 days, Equity Commonwealth’s FFO per share for first-quarter 2017 remained unchanged at 26 cents.
In the last 30 days, CoreSite Realty’s FFO per share for first-quarter 2017 increased 0.9% to $1.06.
CorEnergy Infrastructure Trust’s first-quarter 2017 FFO per share estimates moved up 6.5% to $1.14, in the last 30 days.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>