FRT President & COO Jeffrey Berkes sold 18,353 shares at $115.73 (total: $2,124,056.93), reducing stake from 71,421 to 53,068 shares.
Jeffrey Berkes, President and COO of Federal Realty Investment Trust, executed a sale of 18,353 shares at $115.73 on 2024-09-18, reducing his holdings by 25.7% and realizing approximately $2.1M in proceeds. The transaction occurred near the top of the 52-week range ($85.71–$117.39), at a price just 1.4% below the 52-week high. While the company has posted solid fundamentals with 5.4% annual revenue growth and strong quarterly net income of $111,982,000.00, the executive retains a substantial position of 53,068 shares post-sale, indicating continued material skin in the game. The sale's magnitude and timing relative to the stock's recent peak merit standard disclosure review, though without additional context on scheduled trading plans or company-specific developments, the trade should be monitored as a potential data point in broader insider disposition patterns at the REIT.