Federal Realty Sells Misora Apartments for $148.5 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Should l Buy FRT?
Source: PRnewswire
- Significant Asset Disposition: Federal Realty sold the Misora Apartments for $148.5 million, marking its first major asset sale of 2026 and bringing total capital recycling to $475 million, demonstrating the company's ongoing success in asset management.
- Diversified Portfolio: The transaction also included the $10 million sale of the Courthouse Center shopping center in Maryland, reflecting the company's strategic focus on portfolio diversification and asset optimization, enhancing its financial flexibility.
- Long-Term Growth Strategy: CEO Don Wood emphasized that through pruning and reinvesting, the company can achieve sustainable growth at a blended cap rate in the low 5% range, ensuring a competitive edge amid changing market conditions.
- Industry Leadership: As an S&P 500 member, Federal Realty has increased dividends for 58 consecutive years, showcasing its leadership and financial stability in the REIT sector, further solidifying its influence in the high-quality retail property market.
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Analyst Views on FRT
Wall Street analysts forecast FRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRT is 110.55 USD with a low forecast of 105.00 USD and a high forecast of 120.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 104.850
Low
105.00
Averages
110.55
High
120.00
Current: 104.850
Low
105.00
Averages
110.55
High
120.00
About FRT
Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities in the Northeast and Mid-Atlantic regions of the United States, California, and South Florida. Its portfolio includes retail in many formats, ranging from regional, community and neighborhood shopping centers that are often anchored by grocery stores to mixed-use properties that are centered around a retail component but also include office, residential and/or hotel components. The Company’s 102 properties include approximately 3,500 tenants in 27 million commercial square feet, and approximately 3,100 residential units. Its portfolio includes Assembly Square, Andorra Shopping Center, Assembly Row, and Bala Cynwyd On City Avenue.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Asset Disposition: Federal Realty sold the Misora Apartments for $148.5 million, marking its first major asset sale of 2026 and bringing total capital recycling to $475 million, demonstrating the company's ongoing success in asset management.
- Diversified Portfolio: The transaction also included the $10 million sale of the Courthouse Center shopping center in Maryland, reflecting the company's strategic focus on portfolio diversification and asset optimization, enhancing its financial flexibility.
- Long-Term Growth Strategy: CEO Don Wood emphasized that through pruning and reinvesting, the company can achieve sustainable growth at a blended cap rate in the low 5% range, ensuring a competitive edge amid changing market conditions.
- Industry Leadership: As an S&P 500 member, Federal Realty has increased dividends for 58 consecutive years, showcasing its leadership and financial stability in the REIT sector, further solidifying its influence in the high-quality retail property market.
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- Asset Disposition Scale: Federal Realty Investment Trust sold Misora Apartments for $148.5 million, marking the company's first significant asset disposition of 2026, which brings its recent capital recycling activity to $475 million, demonstrating its agility in the market.
- Shopping Center Sale: Additionally, the company sold the Courthouse Center shopping center in Rockville, Maryland for $10 million, enhancing liquidity and providing funding for future high-return investments.
- Historical Performance: Federal Realty has completed a series of asset sales over the past quarters, including the Levare Apartments and Pallas shopping center in 2025, maintaining an overall disposition yield around 5%, reflecting its mature asset management strategy.
- Long-term Growth Strategy: CEO Don Wood emphasized that through continuous asset pruning and reinvestment, Federal Realty can maintain financial flexibility and reinvest in high-return opportunities, thereby achieving sustainable long-term growth.
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- Federal Realty Sales: Federal Realty has sold a property in Missora as part of its ongoing capital recycling program.
- Santa Ana Row: The sale includes the Santa Ana Row, indicating a strategic move in the company's real estate portfolio management.
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- Total Dividends: Federal Realty Investment Trust announced a total distribution of $4.43 per common share for 2025, demonstrating the company's ongoing profitability and commitment to shareholder returns, thereby reinforcing its leadership position in the REIT sector.
- Preferred Share Dividends: The total distribution for the 5.000% Series C Cumulative Redeemable Preferred Shares in 2025 is $1.25, reflecting the company's robust capital management strategy that ensures stable returns for preferred shareholders.
- Consecutive Dividend Increases: Federal Realty has increased its quarterly dividends for 58 consecutive years, marking the longest record in the REIT industry, which underscores the company's strong competitive edge and sustainable growth potential in the market.
- Portfolio Scale: As of September 30, 2025, the company owns 103 properties with approximately 3,600 tenants and 27.9 million commercial square feet, showcasing its significant influence in the high-quality retail property market and its ability to meet market demand.
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- Dividend Appeal: Federal Realty Trust offers a 4.3% dividend yield, significantly higher than the S&P 500's 1.1% and the average REIT's 3.9%, highlighting its attractiveness for retirement income.
- Dividend King Status: With 58 consecutive years of dividend increases, Federal Realty stands as the only Dividend King in the REIT sector, showcasing its stable financial performance and long-term investment value.
- AGNC Investment Risks: Although AGNC Investment boasts a high 12% dividend yield, the volatility and risks associated with its dividend payments make it unsuitable for investors relying on dividends for living expenses.
- Investment Strategy Advice: For investors seeking stable income, Federal Realty is a better choice, while AGNC Investment is more suitable for long-term investors focused on total returns, emphasizing the compatibility of different investment goals.
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