Federal Realty Investment Trust (NYSE:FRT) is included among the Top 15 Growth Stocks for Long-Term Investors.
Federal Realty Investment Trust is a real estate investment trust that owns and operates strip malls and mixed-use properties. The company focuses on acquiring premium shopping centers in prime metropolitan areas and redeveloping them to enhance their appeal for both shoppers and tenants. Its projects include the addition of roughly 3,100 residential units, as well as hotels and office spaces, which have helped diversify its income sources and offset the effects of growing e-commerce trends.
By maintaining a portfolio of high-quality assets in key markets, Federal Realty Investment Trust has managed to steadily grow its dividend over time. The company’s prudent payout ratio and solid balance sheet provide it with the flexibility to both sustain its dividend and continue investing in portfolio expansion.
On August 6, Federal Realty Investment Trust declared a 3% hike in its quarterly dividend to $1.13 per share. Through this increase, the company extended its dividend growth streak to 58 years, which makes FRT one of the best dividend aristocrat stocks to invest in. As of October 12, the stock offers an attractive dividend yield of 4.73%.
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