Federal Realty acquires The Summit, Alabama's premier retail destination

FRT•2026-10-01

Federal Realty Investment Trust acquired The Summit for $508 million, or $498 million net. The acquisition is immediately accretive to FFO per share and will be funded with asset sale proceeds, free cash flow and convertible notes.

Federal Realty acquires The Summit, Alabama's premier retail destination

1. Acquisition details

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