REITs in the Community: Maryland Governor Wes Moore Meets with Don Wood of Federal Realty

05/24/2023 | by

May 22, 2023 – Federal Realty Investment Trust (NYSE: FRT) CEO Don Wood met with Maryland Governor Wes Moore during a conference in Las Vegas. During the discussion, the Governor learned about the many positive contributions REITs make to local communities throughout the state of Maryland. The Governor was also briefed on the current state of the retail REIT landscape.

Contact: Tony Edwards at tedwards@nareit.com

Wes Moore and Don Wood — L to R: Don Wood, CEO, Federal Realty Investment Trust; Maryland Governor Wes Moore.

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.