Andrew [Unknown]'s questions to Federal Realty Investment Trust (FRT) leadership • Q3 2024
Question
An analyst asked about the primary drivers behind the significant sequential increase in Federal Realty's occupancy and lease rates, and whether any specific tenant categories or faster commencements were notable.
Answer
CEO Donald Wood attributed the strong performance to high tenant demand, which allows Federal Realty to push rents and improve lease terms. He highlighted that the ability to shorten the time between lease signing and rent commencement has improved significantly in 2024. Wood emphasized that demand is broad-based across all well-located property types, including grocery-anchored, mixed-use, and regional shopping centers.