Federal Realty ( (FRT) ) has provided an announcement.
On February 12, 2025, Federal Realty Investment Trust’s Board of Trustees’ Compensation Committee approved a modified compensation arrangement for Daniel Guglielmone, the Executive Vice President-Chief Financial Officer and Treasurer, including a base salary of $650,000, an annual bonus target of 150% of the base salary, and an annual target under the long-term incentive award program of $1,500,000. In a strategic move to strengthen its financial positioning, the company announced the Second Amendment to their equity distribution agreement, increasing the aggregate offering price of shares to $750,000,000 from February 14, 2025, which marks a significant increase from the previous $500,000,000 cap set on March 8, 2024, aiming to enhance its capital-raising efforts.
More about Federal Realty
YTD Price Performance: 0.88%
Average Trading Volume: 663,557
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.57B
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