#United States #Renewable Energy #Sustainability Report #Federal Realty #N. Bethesda

Federal Realty Investment Trust's 2024 Sustainability Report Released

In a significant move towards sustainability, Federal Realty Investment Trust (NYSE: FRT) has released its latest 2024 Sustainability Report, showcasing its commitment to environmental stewardship and corporate responsibility. With a focus on five key priorities, the report underscores the company's dedication to aligning its business operations with sustainable practices.

Key Highlights of the 2024 Sustainability Report

1. Reduction in Greenhouse Gas Emissions:
One of the most notable achievements highlighted in the report is a remarkable 35% reduction in Scope 1 and Scope 2 greenhouse gas emissions. This progress is in line with the company's goal of a 46% reduction by 2030, as part of the internationally recognized Science Based Targets initiative.

2. Expansion of Renewable Energy Initiatives:
Federal Realty has made significant strides in renewable energy, reaching 15.3MW of onsite solar generating capacity. This achievement positions the company as a leader in the shopping center industry, according to the Black Bear Solar Leaderboard. In 2024, 51% of the total electricity consumption was sourced from zero-carbon power, further establishing Federal Realty's commitment to sustainable energy.

3. Investing in Communities:
The report emphasizes the importance of integrating sustainability into community development. Federal Realty operates a portfolio of high-quality retail properties in major coastal markets, including a commitment to creating vibrant urban spaces that blend shopping, dining, and living.

4. Long-standing Financial Performance:
The Trust's impressive history continues with a record of increasing quarterly dividends for 57 consecutive years—an unparalleled achievement in the Real Estate Investment Trust (REIT) sector. As a member of the S&P 500 index, Federal Realty demonstrates both financial stability and social responsibility.

5. Community-Driven Approaches:
The company’s ongoing investment in urban mixed-use neighborhoods showcases its commitment to sustainable growth. Projects like Santana Row in San Jose, Pike Rose in North Bethesda, and Assembly Row in Somerville highlight its innovative approach to community engagement and urban development.

The full report delves deeper into these initiatives, offering insights on how Federal Realty plans to continue its sustainability journey. For further information, stakeholders and the public can access the complete report at Federal Realty's Sustainability Page.

About Federal Realty

Founded in 1962, Federal Realty is recognized as a leader in the ownership, operation, and redevelopment of retail-based properties. With a mission focused on creating sustainable community-centric developments, the Trust has grown to manage 103 properties, encompassing approximately 27 million square feet of commercial space and around 3,100 residential units. The Trust prides itself on leveraging its real estate expertise to enhance community value while ensuring sustainable practices across its portfolio.

For media inquiries, reach out to:
Brenda Pomar
Senior Director, Corporate Communications
301-998-8316
Email Brenda

Investors can contact:
Jill Sawyer
Senior Vice President, Investor Relations
301-998-8265
Email Jill

Conclusion

Federal Realty Investment Trust’s 2024 Sustainability Report serves as a clear indication of its path towards a greener future. With substantial achievements and ambitious targets, it sets an example for others in the industry, proving that sustainable practices and successful business can indeed go hand in hand.