Understanding Federal Realty's 2024 Distribution Tax Treatment
Introduction to Federal Realty's Financials
Federal Realty Investment Trust (NYSE: FRT), well-known for its high-quality retail properties, has released important information regarding the tax status of its distributions for the year 2024. Investors have much to gain from comprehending how these distributions will be treated for tax purposes.
Details of Common Shares Distributions
For holders of the Common Shares of Beneficial Interest (CUSIP # 313745101), the record and payable dates for distributions have been outlined clearly. The first record date for 2024 is set for January 2, with payments being made on January 16. Throughout the year, a consistent pattern of distributions is maintained.
Distribution Breakdown
The distribution per share in early 2024 is set at $1.09, of which $0.89 is designated as a taxable ordinary dividend. Notably, there are no qualified income dividends reported for this period, which means that the entire yield can be accounted as taxable earnings for investors.
Annual Totals and Tax Implications
For the entirety of 2024, the total distribution will reach $4.37 per share, where $3.58 will be classified as taxable ordinary dividends. Investors should carefully note that the absence of any qualified income dividends might affect their overall tax burden.
Distributions for Series C Preferred Shares
Investors holding the 5.000% Series C Cumulative Redeemable Preferred Shares (CUSIP # 313745200) will see distributions structured similarly. The first record date for these shares matches that of the common shares, and details on payments follow a comparable timeline.
Preferred Shares Distribution Analysis
Each preferred share will receive a distribution of $0.31250. The taxable ordinary dividend for this period is planned at $0.265625, illustrating that a significant portion of the earnings will also be taxable for shareholders.
Investor Guidance and Recommendations
While Federal Realty did not incur foreign taxes during the tax year, shareholders should seek personalized advice from their tax advisors regarding the particulars of their investment's tax treatment. Accurate understanding can help maximize tax benefits and ensure compliance.
Company Overview and Commitment
Federal Realty has established itself as a leader in the ownership and redevelopment of premier retail properties across major coastal markets. Focused on sustainable growth, the company emphasizes its strong community focus in urban areas. Some notable examples of successful developments include Santana Row and Pike & Rose, where the blend of lifestyle options fosters community engagement.
Conclusion and Future Outlook
As Federal Realty continues its tradition of increasing dividends, it remains a compelling option for investors seeking consistent returns. With a robust portfolio and a commitment to community development, the future looks bright for shareholders.
Frequently Asked Questions
What distributions were announced for 2024?
Federal Realty announced a total distribution of $4.37 per common share, with $3.58 allocated as taxable ordinary dividends.
What is the record date for distributions?
The first record date for the year is January 2, 2024, for both common and preferred shares.
How does Federal Realty handle taxes for its distributions?
The company reported no foreign taxes incurred and advises shareholders to consult their tax advisors for personal tax treatment.
What’s unique about Federal Realty?
Federal Realty is distinguished by its leadership in retail property management and redevelopment, focusing on urban communities.
How long has Federal Realty increased dividends?
Federal Realty has successfully increased its dividends for 57 consecutive years, marking a standard of reliability in the REIT sector.
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