Company profile

Ticker
FRT^C
Exchange
CEO
Donald C. Wood
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
520782497

FRT^C stock data

(
)

Calendar

10 Feb 20
7 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 239.15M 233.95M 230.47M 232.23M
Net income 147.36M 65.47M 80.9M 60.14M
Diluted EPS 1.92 0.84 1.05 0.78
Net profit margin 61.62% 27.98% 35.10% 25.90%
Operating income 176.22M 94.02M 109.58M 91.09M
Net change in cash -35.11M 56.64M 62.9M -21.08M
Cash on hand 127.43M 162.54M 105.9M 43M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 935.79M 915.44M 857.35M 801.59M
Net income 353.87M 241.91M 289.91M 249.91M
Diluted EPS 4.61 3.18 3.97 3.5
Net profit margin 37.81% 26.43% 33.82% 31.18%
Operating income 470.91M 361.64M 410.21M 321M
Net change in cash 63.35M 48.9M -8.18M 2.32M
Cash on hand 127.43M 64.09M 15.19M 23.37M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
14 Feb 20 Daniel Guglielmone Common shares of beneficial interest Sell Dispose S 125.166 600 75.1K 29,528
13 Feb 20 Daniel Guglielmone Common shares of beneficial interest Sell Dispose S 125.145 600 75.09K 30,128
12 Feb 20 Donald C Wood Common shares of beneficial interest Payment of exercise Dispose F 123.84 19,409 2.4M 360,731
12 Feb 20 Daniel Guglielmone Common shares of beneficial interest Payment of exercise Dispose F 123.84 2,239 277.28K 30,728
4 Feb 20 Daniel Guglielmone Common shares of beneficial interest Grant Aquire A 0 7,608 0 32,967
4 Feb 20 Dawn M Becker Common shares of beneficial interest Grant Aquire A 0 5,958 0 136,130
4 Feb 20 Donald C Wood Common shares of beneficial interest Grant Aquire A 0 45,812 0 446,640
18 Sep 19 Donald C Wood Common shares of beneficial interest Gift Dispose G 0 20,000 0 426,640
18 Sep 19 Donald C Wood Common shares of beneficial interest Gift Aquire G 0 20,000 0 20,000
18 Sep 19 Donald C Wood Common shares of beneficial interest Gift Aquire G 0 46,500 0 46,500
93.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 414 425 -2.6%
Opened positions 48 55 -12.7%
Closed positions 59 43 +37.2%
Increased positions 157 131 +19.8%
Reduced positions 139 165 -15.8%
13F shares
Current Prev Q Change
Total value 101.46B 103.15B -1.6%
Total shares 70.37M 64.66M +8.8%
Total puts 44.4K 18.9K +134.9%
Total calls 15.8K 18.2K -13.2%
Total put/call ratio 2.8 1.0 +170.6%
Largest owners
Shares Value Change
Vanguard 12.02M $1.55B +1.5%
BLK BlackRock 7.24M $932.22M +0.7%
STT State Street 6.72M $872.44M -6.9%
Norges Bank 6.21M $799.75M NEW
JPM JPMorgan Chase & Co. 4.73M $608.73M -5.7%
IVZ Invesco 2.38M $306.63M -2.1%
PGGM Investments 1.91M $245.54M 0.0%
Geode Capital Management 1.43M $183.34M +5.2%
NTRS Northern Trust 1.27M $163.1M -3.7%
Dimensional Fund Advisors 1.16M $148.98M +1.1%
Largest transactions
Shares Bought/sold Change
Norges Bank 6.21M +6.21M NEW
Aew Capital Management L P 539.07K +539.07K NEW
STT State Street 6.72M -497.65K -6.9%
Lasalle Investment Management Securities 492.56K +438.85K +817.0%
CNS Cohen & Steers 5.78K -383.75K -98.5%
DSECF Daiwa Securities 16.18K -382.5K -95.9%
Carlson Capital L P 0 -354.62K EXIT
JPM JPMorgan Chase & Co. 4.73M -287.92K -5.7%
Foresters Investment Management 0 -222K EXIT
Vanguard 12.02M +180.99K +1.5%

Financial report summary

?
Risks
  • Revenue from our properties may be reduced or limited if the retail operations of our tenants are not successful.
  • Our net income depends on the success and continued presence of our “anchor” tenants.
  • A shift in retail shopping from brick and mortar stores to online shopping may have an adverse impact on our cash flow, financial condition and results of operations.
  • We have properties that are geographically concentrated, and adverse economic or real estate market declines in these areas could have a material adverse effect on us.
  • We may be unable to collect balances due from tenants that file for bankruptcy protection.
  • We may experience difficulty or delay in renewing leases or re-leasing space.
  • Our development activities have inherent risks.
  • Redevelopments and acquisitions may fail to perform as expected.
  • Many real estate costs are fixed, even if income from our properties decreases.
  • Competition may limit our ability to purchase new properties and generate sufficient income from tenants.
  • We may be unable to sell properties when appropriate because real estate investments are illiquid.
  • We may have limited flexibility in dealing with our jointly owned investments.
  • Our insurance coverage on our properties may be inadequate.
  • Natural disasters and climate change could have an adverse impact on our cash flow and operating results.
  • The amount of debt we have and the restrictions imposed by that debt could adversely affect our business and financial condition.
  • We are obligated to comply with financial and other covenants pursuant to our debt obligations that could restrict our operating activities, and the failure to comply with such covenants could result in defaults that accelerate payment under our debt agreements.
  • Adverse changes in our credit rating could affect our borrowing capacity and borrowing terms.
  • Our ability to grow will be limited if we cannot obtain additional capital.
  • Rising interest rates could adversely affect our cash flow and the market price of our outstanding debt and preferred shares.
  • The phase-out of LIBOR could affect interest rates under our variable rate debt and interest rate swap arrangements.
  • The market value of our debt and equity securities is subject to various factors that may cause significant fluctuations or volatility.
  • We cannot assure you we will continue to pay dividends at historical rates.
  • We face risks relating to cyber attacks that could cause loss of confidential information and other business disruptions.
  • Environmental laws and regulations could reduce the value or profitability of our properties.
  • The Americans with Disabilities Act of 1990 could require us to take remedial steps with respect to existing or newly acquired properties.
  • The revenues generated by our tenants could be negatively affected by various federal, state and local laws to which they are subject.
  • Failure to qualify as a REIT for federal income tax purposes would cause us to be taxed as a corporation, which would substantially reduce funds available for payment of distributions.
  • To maintain our status as a REIT, we limit the amount of shares any one shareholder can own.
  • U.S. federal tax reform legislation now and in the future could affect REITs, both positively and negatively, in ways that are difficult to anticipate.
  • Certain tax and anti-takeover provisions of our declaration of trust and bylaws may inhibit a change of our control.
Content analysis ?
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Legalese
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