Summary
- Federal Realty Investment Trust is a well-established and high quality REIT with 50+ years of dividend growth.
- Its properties have extremely strong population demographics around them, and are seeing robust demand.
- Meanwhile, FRT stock has fallen to a deeply discounted level, offering investors a decent starting yield and potentially strong returns.
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Investors like certainty in an uncertain world, and perhaps that’s why tech juggernauts in the Nasdaq have had a banner year so far. However, one hardly makes money in the stock market by chasing crowd favorites and it pays to have a contrarian mindset and buy beaten down quality value stocks when the market simply isn’t interested.
This brings me to Federal Realty Investment Trust (NYSE:FRT), which as shown below, now trades below $90, and sits just shy of its 52-week low. I last covered FRT here back in April, highlighting the quality of its portfolio. In this article, I discuss why now may be a great time to layer into this premier REIT for income and potentially strong gains.
Why FRT?
Federal Realty Investment Trust is one of the oldest REITs on the market today, having been around for six decades. It’s also a Dividend King with 50+ years of dividend growth. FRT’s portfolio of 102 shopping center and mixed use properties cover 3,200 tenants and 3,100 residential units.
