Federal Realty Investment Trust is an equity REIT that owns and operates a portfolio of retail and mixed-use properties located primarily in major coastal markets, generating revenue through long-term lease agreements with national, regional, and local tenants. The company's properties range from community and neighborhood shopping centers anchored by grocery stores to mixed-use developments combining retail with residential and office components, which are actively managed to optimize rental rates, maintain diverse and quality tenant bases, and enhance community experiences. The company deploys capital toward acquiring high-quality properties in high-barrier-to-entry markets, renovating and expanding existing properties, and developing mixed-use projects, while maintaining an investment-grade balance sheet through prudent leverage and diverse capital sources.