Federal Realty Investment: Quality That Is Worth The Premium

J Studios April this year, I published a bullish article on Federal Realty Investment Trust (NYSE:FRT) arguing that it was the right moment to open a position in order to capture not only long-term gains, but also benefit from multiple expansion in the near term. The underlying idea was that FRT was trading significantly below its historical P/FFO range, the valuation premium relative to its peers had also declined, and the fundamentals were consistently improving quarter by quarter. In other words, the ass ...