Federal Realty Investment Trust
-2.28 %
-7.46 %
Yet to be announced
Company Overview
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. The company has increased its quarterly dividends to its shareholders for 54 consecutive years.
Revenue Sources
PassBased on the company's financial statements and SEC filings, Federal Realty's primary source of revenue comes from leasing retail and mixed-use properties. The company does not derive income from prohibited sources such as alcohol, gambling, tobacco, or other haram products. Their revenue is generated through legitimate property rental and management activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Dec. 31, 2024 | $311.44m | $245.36m | - | $43.23m | 0.00% | 17.62% |
| Sept. 30, 2024 | $303.63m | $242.04m | - | $44.24m | 0.00% | 18.28% |
| June 30, 2024 | $296.05m | $183.35m | - | $44.31m | 0.00% | 24.17% |
| March 31, 2024 | $291.32m | $234.82m | - | $43.69m | 0.00% | 18.61% |
Analysis of the last four quarters shows that interest expenses represent a significant portion of the company's total expenses. Interest expenses consistently exceed 15% of total expenses across all quarters examined. This high level of interest-bearing debt and associated interest expenses indicates that interest plays a material role in the company's business model, which is typical for REITs but problematic from an Islamic finance perspective.
Operational Ethics
PassBased on review of the company's operations and public disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in the United States, and there are no documented ties to the state of Israel or the Chinese Communist Party.
Comments