Company

Federal Realty Investment Trust Acquires The Summit For $508M

Oct 1, 2026 · 04:36 PM ET· updated 6h ago

The first sale in The Summit's history adds Alabama's most-visited retail destination to the portfolio at a price immediately accretive to FFO per shareNORTH BETHESDA, Md., Oct. 1, 2026 /PRNewswire/ -- Federal

Why It Matters

Federal Realty bought a big Alabama shopping center for $508 million. This purchase helps the company make more money per share right away.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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