Federal Realty Investment Trust Strengthens Its Executive Leadership Structure
Jeffrey S. Berkes promoted to newly created role of President and Chief Operating Officer
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NORTH BETHESDA, Md., Feb. 11, 2021 /PRNewswire/ Federal Realty Investment Trust (NYSE: FRT) today announced the promotion of Jeffrey S. Berkes to President and Chief Operating Officer. In this newly created role, Mr. Berkes will have direct responsibility for overseeing and directing all of Federal s day-to-day property operating functions, including leasing, development and asset management, on both the East and West Coasts. Mr. Berkes will partner in his new role with Wendy A. Seher, an 18-year veteran of the company, who serves as President, Eastern Region, and with Jan Sweetnam, a 24-year veteran of the company, who has been promoted to President, Western Region. Both Ms. Seher and Mr. Sweetnam will report directly to Mr. Berkes who, in his expanded
Operator
Greetings. Welcome to Federal Realty Investment Trust s Fourth Quarter 2020 Earnings Call. [Operator Instructions] A brief question-and-answer session will follow the formal presentation. [Operator Instructions]
I will now turn the conference over to Leah Brady. Leah, please go ahead.
Leah Brady
Investor Relations
Hi, everyone. Thanks for joining us today for Federal Realty s fourth quarter 2020 earnings conference call. Joining me on the call are Don Wood, Dan G, Jeff Berkes, Wendy Seher, Dawn Becker, and Melissa Solis. They ll be available to take your questions at the conclusion of our prepared remarks.
A reminder that certain matters discussed on this call may be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any annualized or projected information, as well as statements referring to expected or anticipated events or results.
Federal Realty Investment Trust Announces Operating Results for the Year and Quarter Ended December 31, 2020
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NORTH BETHESDA, Md., Feb. 11, 2021 /PRNewswire/ Federal Realty Investment Trust (NYSE:FRT) today reported operating results for its year and quarter ended December 31, 2020. For the year ended December 31, 2020 and 2019, net income available for common shareholders was $1.62 per diluted share and $4.61 per diluted share, respectively. For the three months ended December 31, 2020 and 2019, net income available for common shareholders was $1.22 per diluted share and $1.92 per diluted share, respectively.
Key Highlights of the full year and quarter include:
Signed leases for 449,783 square feet of comparable space in the fourth quarter at an average rent of $32.16 psf and achieved cash basis rollover growth on those comparable spaces of 1%.
Federal Realty Investment Trust Announces Revised Date & Time for Fourth Quarter 2020 Earnings Conference Call
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ROCKVILLE, Md., Feb. 9, 2021 /PRNewswire/ Federal Realty Investment Trust (NYSE: FRT) will announce fourth quarter 2020 earnings in a press release to be issued after market close on Thursday February 11, 2021. The Company will host a conference call on the revised date of Thursday February 11
th, at a revised time of 5:00PM ET.
Event: Federal Realty Investment Trust s Fourth Quarter 2020 Earnings Conference Call
Updated Date: Thursday February 11, 2021
Updated Time: 5:00PM ET
Information: 877.407.9208; Passcode: 13714444
A replay of the webcast will be available 30 minutes after the conclusion of the conference call and will be available until February X, 2022. A telephonic replay of the conference call will also be available through February 25, 2021 by dialing 844.512.2921; Passcode: 13714444.