8-K/AThe WireStrategic
Results of Operations
Filed May 7, 2020 · 6y ago · Accession 0000034903-20-000024
Plain English
Material event — a significant development the company must disclose promptly.
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View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 6, 2020
Federal Realty Investment Trust
(Exact name of registrant as specified in its charter)
Maryland
1-07533
52-0782497
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1626 East Jefferson Street,
Rockville,
Maryland
20852-4041
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number including area code: 301 / 998-8100
Title of Each Class
Trading Symbol
Name of Each Exchange On Which Registered
Common Shares of Beneficial Interest
FRT
New York Stock Exchange
$.01 par value per share, with associated Common Share Purchase Rights
Depositary Shares, each representing 1/1000 of a share
FRT-C
New York Stock Exchange
of 5.00% Series C Cumulative Redeemable Preferred Stock, $.01 par value per share
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
☐
Emerging growth company
☐
If an emerging growth company, indicate by checkmark if the registrant has elected not use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Explanatory Note
This amendment No. 1 to the Current Report on Form 8-K amends Exhibit 99.1 furnished on May 6, 2020 solely to correct the row label in the "Year" column in the chart "Lease Expirations" on page 25. No other changes have been made to original Form 8-K. The information in the following chart replaces in its entirety the comparable chart in the exhibit furnished on May 6, 2020.
Item 2.02. Results of Operations and Financial Condition
Lease Expirations
March 31, 2020
Assumes no exercise of lease options
Anchor Tenants (1)
Small Shop Tenants
Total
Year
Expiring SF
% of Anchor SF
Minimum Rent PSF (2)
Expiring SF
% of Small Shop SF
Minimum Rent PSF (2)
Expiring SF (4)
% of Total SF
Minimum Rent PSF (2)
2020
595,000
4
%
$
17.52
537,000
8
%
$
35.96
1,131,000
5
%
$
26.27
2021
1,419,000
10
%
$
19.86
844,000
12
%
$
44.53
2,264,000
10
%
$
29.07
2022
1,970,000
13
%
$
17.92
974,000
14
%
$
43.70
2,944,000
13
%
$
26.45
2023
1,524,000
10
%
$
21.58
903,000
13
%
$
46.25
2,427,000
11
%
$
30.76
2024
2,403,000
16
%
$
18.48
915,000
13
%
$
46.54
3,318,000
15
%
$
26.21
2025
1,517,000
10
%
$
21.64
779,000
11
%
$
43.03
2,296,000
10
%
$
28.89
2026
813,000
5
%
$
21.87
427,000
6
%
$
50.21
1,241,000
6
%
$
31.64
2027
832,000
6
%
$
34.40
483,000
7
%
$
47.67
1,315,000
6
%
$
39.28
2028
791,000
5
%
$
22.94
412,000
6
%
$
53.28
1,203,000
6
%
$
33.34
2029
932,000
6
%
$
25.54
389,000
5
%
$
45.76
1,321,000
6
%
$
31.49
Thereafter
2,252,000
15
%
$
25.54
353,000
5
%
$
46.47
2,604,000
12
%
$
28.37
Total (3)
15,048,000
100
%
$
21.92
7,016,000
100
%
$
45.32
22,064,000
100
%
$
29.36
Assumes all lease options are exercised
Anchor Tenants (1)
Small Shop Tenants
Total
Year
Expiring SF
% of Anchor SF
Minimum Rent PSF (2)
Expiring SF
% of Small Shop SF
Minimum Rent PSF (2)
Expiring SF (4)
% of Total SF
Minimum Rent PSF (2)
2020
351,000
2
%
$
20.09
508,000
7
%
$
35.59
859,000
4
%
$
29.26
2021
369,000
2
%
$
14.84
534,000
8
%
$
46.79
903,000
4
%
$
33.72
2022
254,000
2
%
$
22.42
583,000
8
%
$
43.02
837,000
4
%
$
36.77
2023
386,000
3
%
$
24.28
563,000
8
%
$
42.51
949,000
4
%
$
35.10
2024
581,000
4
%
$
22.78
456,000
6
%
$
45.68
1,036,000
5
%
$
32.85
2025
334,000
2
%
$
21.79
420,000
6
%
$
43.20
754,000
3
%
$
33.71
2026
537,000
4
%
$
23.51
354,000
5
%
$
46.88
891,000
4
%
$
32.80
2027
744,000
5
%
$
21.98
466,000
7
%
$
46.63
1,211,000
6
%
$
31.47
2028
626,000
4
%
$
18.64
414,000
6
%
$
49.87
1,040,000
5
%
$
31.07
2029
795,000
5
%
$
22.26
367,000
5
%
$
44.12
1,162,000
5
%
$
29.16
Thereafter
10,071,000
67
%
$
22.19
2,351,000
34
%
$
47.53
12,422,000
56
%
$
26.98
Total (3)
15,048,000
100
%
$
21.92
7,016,000
100
%
$
45.32
22,064,000
100
%
$
29.36
Notes:
(1)
Anchor is defined as a commercial tenant leasing 10,000 square feet or more.
(2)
Minimum Rent reflects in-place contractual (defined as cash-basis excluding rent abatements) rent as of March 31, 2020.
(3)
Represents occupied square footage of the commercial portion of our portfolio as of March 31, 2020.
(4)
Individual items may not add up to total due to rounding.
The foregoing information is being furnished under Item 2.02- Results of Operations and Financial Condition. This information shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchnage Act"), or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or under the Exchange Act, regardless of any general incorporation language in such filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FEDERAL REALTY INVESTMENT TRUST
Date:
May 7, 2020
/s/ Daniel Guglielmone
Daniel Guglielmone
Executive Vice President-
Chief Financial Officer and Treasurer
EXHIBIT INDEX
Exhibit Number
Description
104
Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL Document
Filing details
- Ticker
- FRT
- CIK
- 34903
- Form type
- 8-K/A
- Filing date
- May 7, 2020
- Report date
- May 6, 2020
- Document
- frt-03312020x8kadoc.htm
- Size
- 388 KB