Why We Argue With Moody's Rating: Our View On Federal Realty Investment Trust
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Arbitrage TraderInvesting Group LeaderFollow5ShareSavePlay(7min)CommentsSummaryFederal Realty Investment Trust (FRT) exhibits financial strength and portfolio quality exceeding its current Baa1 credit rating.I assess FRT’s market-adjusted asset coverage at 314% and asset yield at 5.37%, reflecting robust balance sheet health.FRT’s high-quality, densely located retail assets and strong tenant base support superior rent negotiation and occupancy rates.I assign FRT an adjusted credit score of A2, citing operating efficiency, market position, and liquidity metrics as justification.
Jacobs Stock Photography Ltd/DigitalVision via Getty Images In the following lines, we will take a detailed look at Federal Realty Investment Trust (FRT) and show you why we think the company deserves a different credit rating than the major credit companies give it.
Basic Information Total assets (Q3 This article was written byArbitrage Trader15.47K FollowersFollowArbitrage Trader, aka Denislav Iliev has been day trading for 15+ years and leads a team of 40 analysts. They identify mispriced investments in fixed-income and closed-end funds based on simple-to-understand financial logic. Denislav leads the investing group Trade With Beta, features of the service include: frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of 1200+ equities, IPO previews, hedging strategies, an actively managed portfolio, and chat for discussion. Learn more.Analyst’s Disclosure:I/we have a beneficial long position in the shares of FRT.PR.C either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.