Federal Realty Investment Trust Achieves Top Workplace Recognition

Federal Realty Investment Trust Achieves Top Workplace Recognition

Federal Realty Investment Trust (NYSE: FRT) has recently received outstanding accolades, being recognized on the 2024 Top Workplaces lists by notable publications. These prestigious rankings from leading organizations reflect the trust's unwavering commitment to employee satisfaction and workplace excellence across diverse regions.

A Commitment to Employee Satisfaction

The recognition is a testament to Federal Realty's dedication to fostering a highly supportive workplace environment. The Top Workplaces awards are based exclusively on feedback gathered from employees, with significant importance placed on the organizational culture and employee well-being. The surveys conducted by Energage, LLC, delve deep into various critical aspects such as communication, work/life balance, career development, and ethical practices.

Voices of Leadership

Expressing his appreciation for the accolades, Don Wood, CEO of Federal Realty stated, "We are honored to receive this recognition from both coasts, which speaks to the strength and dedication of our teams. By investing in our people and creating an empowering workplace, we strengthen our culture and build a better business for employees, tenants, and investors alike." This sentiment reflects the core philosophy of Federal Realty, which firmly believes that investing in its employees leads to significant business advantages.

Consistency in Excellence

This year’s acknowledgement adds to the impressive portfolio of awards garnered by Federal Realty. The company's regional office in Philadelphia also received accolades as one of the Best Places to Work, further adding to a legacy of prioritizing workplace excellence. Federal Realty's efforts have not gone unnoticed in the realm of wellness, as they received three major wellness awards, including Aetna's Gold Level Workplace Well-being Award. These distinctions resonate deeply with the firm’s commitment to nurturing a healthy work culture.

Recognized Across Regions

Federal Realty was distinguished for its positive employee experiences in significant areas, namely the Greater Washington, D.C., area and the Bay Area. Through surveys that collected over 65,000 responses, the awards highlight the substantial commitment Federal Realty has made to cultivate an employee-first culture across all its operations. Each employee's voice contributes to a work environment where everyone feels valued and empowered.

About Federal Realty

Federal Realty stands out as a leading authority in the ownership, operation, and redevelopment of high-quality retail-driven properties. With a footprint that spans from Washington, D.C. to Boston, and a significant presence in California, the company's expertise includes developing vibrant mixed-use neighborhoods. Iconic locations such as Santana Row in San Jose, Pike & Rose in North Bethesda, and Assembly Row in Somerville serve as benchmarks for their innovative approach to creating community-centric environments.

Long-Standing Historical Significance

Founded in 1962, Federal Realty has a well-established legacy of delivering sustainable growth by investing in communities where retail demand is robust. Importantly, the company has maintained an impressive record of increasing its quarterly dividends to shareholders for 57 years consecutively, distinguishing it within the REIT industry. Furthermore, as a member of the S&P 500 index, Federal Realty not only demonstrates stability but also investment reliability.

Investor and Media Relations

For further investor inquiries, Leah Andress Brady, Vice President of Investor Relations, can be contacted at 301.998.8265. On the media front, Brenda Pomar, Senior Director of Corporate Communications, is available for any media-related questions at 301.998.8316. Federal Realty's exemplary commitment to its staff and operations ensures it remains a top employer and a trusted entity in the real estate investment sector.

Frequently Asked Questions

What awards has Federal Realty received this year?

Federal Realty has been named to the 2024 Top Workplaces lists by The Washington Post and The San Francisco Chronicle.

What does the recognition from Top Workplaces indicate?

This recognition highlights Federal Realty's commitment to employee satisfaction and its supportive workplace culture.

How many employees participated in the surveys?

Surveys gathered feedback from over 65,000 employees across various regions.

What are some notable properties managed by Federal Realty?

Federal Realty develops properties like Santana Row in San Jose and Pike & Rose in North Bethesda.

How long has Federal Realty been increasing dividends?

Federal Realty has increased its quarterly dividends for 57 consecutive years, the longest record in the REIT industry.

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