Jim Cramer - Mad MoneyFederal Realty Investment TrustFRTBUYMay 08, 2024
Excellent business with strong margins and inventory. Not many vacancies, with consistent earnings. Well rounded footprint of units. Post Covid-19 is turning our very well for the business. Inflation not affecting all consumers equally - retail impacted most (negatively). FRT is able to pass on costs to customers (positive attribute). Smaller suburbs on outskirts of city centers, are very popular with consumers, and demand is rising.
Last week, they delivered a fine quarter. Parts of the economy are struggling, but their holdings are levered to the affluent through shopping centres. It yields 4.5% at a 52-week high now.
It last reported a good quarter and a solid full-year forecast, but rising bond yield have pressured this stock in the past month by 3%. Very well-run, holding property is the richest areas of the U.S. Operates urban mixed-use properties and open-air shopping centres.
Holds mixed-used real estate. Likes them for their locations--wealthy suburbs so it offers some protection from a downturn. Great CEO. Share are down 25% this year, but pay you to wait with a good dividend.
Shopping retail REITs have a lot on the line. They are super-agressively signing up occupants for long terms. It's now one of the best environments for retail real estate. FRT just reported today a fantastic beat.
Excellent business with strong margins and inventory. Not many vacancies, with consistent earnings. Well rounded footprint of units. Post Covid-19 is turning our very well for the business. Inflation not affecting all consumers equally - retail impacted most (negatively). FRT is able to pass on costs to customers (positive attribute). Smaller suburbs on outskirts of city centers, are very popular with consumers, and demand is rising.