Federal Realty Acquires The Summit, Alabama's Premier Retail Destination

By Reuters News

Oct 1 (Reuters) - Federal Realty Investment Trust FRT.N:

  • FEDERAL REALTY ACQUIRES THE SUMMIT, ALABAMA'S PREMIER RETAIL DESTINATION

  • FEDERAL REALTY INVESTMENT TRUST - BUYS THE SUMMIT FOR $508 MILLION ($498 MILLION NET)

  • FEDERAL REALTY INVESTMENT TRUST - ACQUISITION OF THE SUMMIT IMMEDIATELY ACCRETIVE TO FFO PER SHARE

  • FEDERAL REALTY INVESTMENT TRUST - ACQUISITION TO BE FUNDED WITH ASSET SALE PROCEEDS, FREE CASH FLOW, CONVERTIBLE NOTES

Further company coverage: FRT.N

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