Federal Realty Investment Trust (FRT - Free Report) , the Rockville, MD-based retail real estate investment trust (“REIT”) has announced the pricing of its public offering of $250 million senior unsecured notes. This step is likely to add to the financial flexibility of the company.
Notably, the senior unsecured notes are due on Aug 1, 2046 with the principal amount carrying a rate of interest of 3.625%. The interest will be payable on Feb 1 and Aug 1 every year with the first payment scheduled on Feb 1, 2017. The REIT plans to utilize the proceeds generated from this offering for the repayment of outstanding balance under its revolving credit facility and for general corporate purposes. Subject to the satisfaction of certain customary closing conditions, the offering is slated to be closed on Jul 12, 2016.
Federal Realty is engaged in owning, managing, developing and redeveloping premium retail and mixed-use properties in the U.S. This REIT’s portfolios are mainly concentrated over strategically selected metropolitan markets in the Northeast and Mid-Atlantic regions of the U.S., California and South Florida.
Currently, Federal Realty has a Zacks Rank #3 (Hold). Investors interested in the retail REIT sector can consider stocks like Urstadt Biddle Properties Inc. , The Macerich Company (MAC - Free Report) and Regency Centers Corporation (REG - Free Report) . While Urstadt Biddle Properties sports a Zacks Rank #1 (Strong Buy), both Macerich and Regency Centers carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Federal Realty Investment Trust (FRT - Free Report) , the Rockville, MD-based retail real estate investment trust (“REIT”) has announced the pricing of its public offering of $250 million senior unsecured notes. This step is likely to add to the financial flexibility of the company.
Notably, the senior unsecured notes are due on Aug 1, 2046 with the principal amount carrying a rate of interest of 3.625%. The interest will be payable on Feb 1 and Aug 1 every year with the first payment scheduled on Feb 1, 2017. The REIT plans to utilize the proceeds generated from this offering for the repayment of outstanding balance under its revolving credit facility and for general corporate purposes. Subject to the satisfaction of certain customary closing conditions, the offering is slated to be closed on Jul 12, 2016.
Federal Realty is engaged in owning, managing, developing and redeveloping premium retail and mixed-use properties in the U.S. This REIT’s portfolios are mainly concentrated over strategically selected metropolitan markets in the Northeast and Mid-Atlantic regions of the U.S., California and South Florida.
Currently, Federal Realty has a Zacks Rank #3 (Hold). Investors interested in the retail REIT sector can consider stocks like Urstadt Biddle Properties Inc. , The Macerich Company (MAC - Free Report) and Regency Centers Corporation (REG - Free Report) . While Urstadt Biddle Properties sports a Zacks Rank #1 (Strong Buy), both Macerich and Regency Centers carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on MAC - FREE
Get the latest research report on FRT - FREE
Get the latest research report on REG - FREE