Joseph D. Fisher Joins Federal Realty's Board of Trustees to Enhance Strategic Growth

Federal Realty Welcomes Joseph D. Fisher to Its Board of Trustees

Federal Realty Investment Trust (NYSE:FRT) has made a significant addition to its leadership team with the appointment of Joseph D. Fisher to its Board of Trustees, effective January 1, 2026. With over two decades of extensive experience in real estate investment and capital markets, Mr. Fisher brings a wealth of expertise that aligns with Federal Realty's long-term vision and operational strategies.

Joseph D. Fisher, 46, has held various leadership roles in the real estate sector, particularly noted for his nearly ten-year tenure at UDR, Inc. (NYSE:UDR), a prominent multifamily real estate investment trust (REIT). During his time at UDR, Fisher occupied significant positions including President, Chief Investment Officer, and Chief Financial Officer, where he was instrumental in steering investment, development, and capital allocation strategies for a $20 billion enterprise. Under his stewardship, UDR successfully expanded its portfolio to more than 60,000 apartment homes across prime U.S. markets, showcasing his capability to drive growth and operational success.

Donald C. Wood, Chief Executive Officer of Federal Realty, expressed enthusiasm regarding Fisher's addition to the board, noting, "Joe's track record as both an operator and a strategic leader in the REIT industry gives him a rare perspective on how to create lasting value. His deep experience in real estate operations and capital allocation will be invaluable as we continue to execute our long-term growth strategy." This speaks volumes about the company's confidence in Mr. Fisher’s ability to contribute positively to the future successes of Federal Realty.

The board's chair, Anthony P. Nader, also welcomed Fisher warmly, highlighting his expertise in the REIT sector, financial insight, and strategic acumen. This addition is expected to bolster the board's oversight capabilities and complement Federal Realty's current leadership structure effectively.

Prior to his impactful role at UDR, Fisher accumulated substantial experience in the investment sphere through senior positions at Deutsche Asset Management and Principal Real Estate Investors. His academic credentials include a Bachelor of Business Administration from the University of Iowa and an MBA from Northwestern University's prestigious Kellogg School of Management, along with being a Chartered Financial Analyst (CFA) charterholder, evidencing his strong foundation in finance and investment.

With Fisher now on board, Federal Realty's Board of Trustees comprises eight members, each bringing unique expertise in public company governance, real estate investing, operations, finance, and risk management. This diverse and knowledgeable board will be essential as Federal Realty continues to navigate the complexities of the retail real estate market.

Founded in 1962, Federal Realty Investment Trust has emerged as a recognized leader in the ownership and redevelopment of high-quality retail-based properties. Their portfolio is primarily located in major coastal markets and select underserved regions, characterized by strong economic fundamentals. Their mission focuses on delivering sustainable growth by investing in communities where retail demand surpasses supply.

Federal Realty's extensive portfolio includes open-air shopping centers and mixed-use destinations, such as Santana Row and Pike & Rose, which have successfully established themselves as vibrant community hubs. Over the years, the company has also demonstrated a commitment to enhancing shareholder value, having increased its quarterly dividends for 58 consecutive years—the longest ongoing record in the REIT industry. This stellar achievement highlights Federal Realty's focus on both operational excellence and ongoing commitment to shareholder returns.

With Joseph D. Fisher joining the team, the outlook remains optimistic for Federal Realty as it moves forward with its growth strategies in an evolving marketplace.