News & Events zu Federal Realty Investment Trust (FRT)FRTFederal Realty Investment Trust

Braemar Hotels Nominates Eight New Directors

Braemar Hotels & Resorts (BHR) announced that its Board of Directors intends to nominate eight leaders for election at the Company's 2026 Annual Meeting of Stockholders. The slate of eight director candidates includes seven new independent director nominees: Craig Barbarosh was Senior Managing Director of CommonWealth Partners; Kevin Covey is the founder and Managing Partner of GrayStreet Partners; Stephen Haggerty spent more than two decades in senior real estate, development and capital strategy roles at Marriott (MAR); Daniel Hirsch co-led the real estate group at Farallon Capital; Kevin Luebbers served as CFO of RFS Hotel Investors; Gail Steinel has been a trustee of Federal Realty Investment Trust (FRT) since 2006; Richard Stockton has been CEO of Braemar since 2016; Stephen Theriot was CFO of Vornado Realty Trust (VNO)

Federal Realty Investment Trust Acquires The Summit in Alabama for $508M

Federal Realty Investment Trust announced the acquisition of The Summit, Alabama's premier retail destination, for $508M, or $498M on a net basis. Acquired from the original developer, this 100-acre, approximately 870,000-square-foot open-air property developed over more than 30 years is the most-visited retail destination in Alabama, drawing nearly 9M visits annually from a trade area reaching 100 miles in every direction according to Placer.ai. The acquisition is expected to be funded on a long-term basis with a combination of asset sale proceeds, free cash flow and proceeds from the company's recently issued convertible notes.

FY26 FFO Expected at $7.52, Property Growth View Raised to 3.25%-3.75%

Consensus is for FY26 FFO $7.52. Raises FY26 Comparable Property POI Growth view to 3.25%-3.75% from 3.125%-3.625%.