FRT RSI Chart
Last 7 days
0.4%
Last 30 days
-0.9%
Last 90 days
-4.3%
Trailing 12 Months
2.7%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 1.1B | 1.1B | 1.1B | 1.1B |
2022 | 989.8M | 1.0B | 1.0B | 1.1B |
2021 | 822.1M | 877.5M | 916.6M | 951.2M |
2020 | 935.1M | 880.9M | 855.1M | 835.5M |
2019 | 922.3M | 927.8M | 932.0M | 935.8M |
2018 | 875.4M | 892.2M | 904.0M | 915.4M |
2017 | 810.6M | 820.7M | 837.5M | 857.3M |
2016 | 757.6M | 774.1M | 790.0M | 801.6M |
2015 | 700.1M | 713.6M | 727.9M | 744.0M |
2014 | 651.1M | 661.7M | 673.6M | 686.1M |
2013 | 617.2M | 627.6M | 629.4M | 637.4M |
2012 | 561.1M | 571.9M | 591.5M | 605.8M |
2011 | 541.6M | 544.7M | 548.9M | 553.1M |
2010 | 535.3M | 538.2M | 540.6M | 541.8M |
2009 | 0 | 522.6M | 525.6M | 528.6M |
2008 | 0 | 0 | 0 | 519.6M |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Feb 12, 2024 | guglielmone daniel | sold (taxes) | -396,294 | 100 | -3,935 | evp-cfo and treasurer |
Feb 12, 2024 | wood donald c | sold (taxes) | -2,493,380 | 100 | -24,758 | chief executive officer |
Feb 12, 2024 | berkes jeffrey s | sold (taxes) | -756,534 | 100 | -7,512 | president and coo |
Feb 06, 2024 | becker dawn m | acquired | - | - | 12,587 | evp-general counsel &secretary |
Feb 06, 2024 | wood donald c | acquired | - | - | 68,331 | chief executive officer |
Feb 06, 2024 | guglielmone daniel | acquired | - | - | 10,466 | evp-cfo and treasurer |
Feb 06, 2024 | berkes jeffrey s | acquired | - | - | 13,463 | president and coo |
Jan 02, 2024 | holland elizabeth i | acquired | - | - | 1,164 | - |
Jan 02, 2024 | mceachin thomas | acquired | - | - | 1,164 | - |
Jan 02, 2024 | lamb-hale nicole | acquired | - | - | 1,164 | - |
Which funds bought or sold FRT recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Mar 22, 2024 | PNC FINANCIAL SERVICES GROUP, INC. | reduced | -17.21 | -198,050 | 3,180,640 | -% |
Mar 21, 2024 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | added | 141 | 3,945,070 | 6,210,820 | 0.02% |
Mar 11, 2024 | VANGUARD GROUP INC | reduced | -0.7 | 147,709,000 | 1,291,980,000 | 0.03% |
Mar 08, 2024 | TRUST CO OF VERMONT | added | 132 | 193,083 | 310,902 | 0.02% |
Mar 05, 2024 | Fisher Asset Management, LLC | reduced | -22.49 | -780,733 | 5,796,650 | -% |
Mar 04, 2024 | RICHARDSON FINANCIAL SERVICES INC. | new | - | 50,701 | 50,701 | 0.04% |
Mar 01, 2024 | ROYAL LONDON ASSET MANAGEMENT LTD | unchanged | - | 544,451 | 4,526,470 | 0.01% |
Mar 01, 2024 | GOLDMAN SACHS GROUP INC | added | 159 | 55,496,700 | 84,003,200 | 0.01% |
Feb 28, 2024 | AMERICAN INTERNATIONAL GROUP, INC. | reduced | -0.78 | 226,240 | 1,991,440 | 0.01% |
Feb 26, 2024 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 79,000 | 649,000 | 0.01% |
Unveiling Federal Realty Investment Trust's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed S&P 500 Index
Grufity's Fair Value model takes all the S&P 500 stocks and divides them into separate buckets based on their attractiveness. The 'Very Cheap' bucket of S&P 500 has greatly outperformed S&P 500 Index. Conversely, S&P500 stocks considered 'Very Expensive' by the model underperformed the S&P500 index in the past three years. Grufity Fair Value is available for 2300+ stocks, including 90% of S&P 500 stocks. Grufity's Fair Value Model separates high-return stocks from low-return stocks.
Returns of $10,000 invested in:
Very Cheap Stocks: $17,289
S&P 500 Index: $12,922
Very Expensive Stocks: $11,022
Grufity's Fair Value model does a great job in separating High Performing Stocks from Low Performing ones in the S&P 500 list.
Peers (Alternatives to Federal Realty Investment Trust)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
AMT | 92.0B | 11.1B | 67.33 | 8.26 | ||||
CCI | 45.8B | 7.0B | 30.53 | 6.57 | ||||
AVB | 26.1B | 2.8B | 28.1 | 9.43 | ||||
ARE | 21.9B | 2.9B | 211.79 | 7.61 | ||||
AMH | 13.1B | 1.6B | 30.39 | 8.17 | ||||
REG | 11.1B | 1.3B | 30.46 | 8.4 | ||||
BXP | 9.9B | 3.3B | 52.15 | 3.03 | ||||
MID-CAP | ||||||||
FRT | 8.4B | 1.1B | 35.55 | 7.44 | ||||
MAC | 3.7B | 884.1M | -13.45 | 4.17 | ||||
SLG | 3.5B | 899.4M | -6.17 | 3.87 | ||||
SMALL-CAP | ||||||||
AAT | 1.3B | 441.2M | 20.37 | 2.99 | ||||
AIV | 1.2B | 198.2M | -7.47 | 5.93 | ||||
MFA | 1.1B | 605.6M | 14.31 | 1.89 | ||||
NYMT | 650.5M | 258.7M | -13.37 | 2.51 | ||||
IVR | 461.8M | 277.9M | -29.12 | 1.66 |
Federal Realty Investment Trust News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | 1.8% | 292 | 287 | 281 | 273 | 280 | 273 | 264 | 257 | 254 | 247 | 232 | 218 | 220 | 208 | 176 | 232 | 239 | 234 | 230 | 232 | 235 |
Operating Expenses | 2.5% | 191 | 187 | 179 | 179 | 189 | 182 | 170 | 171 | 179 | 162 | 153 | 153 | 154 | 147 | 140 | 146 | 149 | 154 | 137 | 141 | 152 |
S&GA Expenses | -0.4% | 13.00 | 13.00 | 12.00 | 13.00 | 14.00 | 13.00 | 14.00 | 12.00 | 14.00 | 12.00 | 13.00 | 10.00 | 12.00 | 9.00 | 10.00 | 10.00 | 11.00 | 11.00 | 11.00 | 10.00 | 10.00 |
Interest Expenses | 0.6% | 43.00 | 43.00 | 43.00 | 39.00 | 38.00 | 35.00 | 32.00 | 32.00 | 32.00 | 32.00 | 31.00 | 32.00 | 38.00 | 36.00 | 34.00 | 28.00 | 27.00 | 27.00 | 27.00 | 28.00 | 28.00 |
Income Taxes | 100.0% | - | 0.00 | 1.00 | - | - | 0.00 | 1.00 | 0.00 | - | 0.00 | 0.00 | - | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - |
Net Income | 12.4% | 64.00 | 57.00 | 60.00 | 55.00 | 116 | 156 | 62.00 | 52.00 | 115 | 52.00 | 46.00 | 48.00 | 95.00 | -28.29 | 11.00 | 55.00 | 147 | 65.00 | 81.00 | 60.00 | 55.00 |
Net Income Margin | -18.7% | 0.21* | 0.26* | 0.35* | 0.36* | 0.36* | 0.37* | 0.27* | 0.27* | 0.27* | 0.26* | 0.18* | 0.15* | - | - | - | - | - | - | - | - | - |
Free Cashflow | -25.4% | 113 | 151 | 149 | 143 | 107 | 149 | 157 | 103 | 105 | 119 | 132 | 115 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | 1.7% | 8,437 | 8,294 | 8,279 | 8,269 | 8,234 | 8,217 | 7,810 | 7,668 | 7,622 | 7,634 | 7,679 | 7,670 | 7,608 | 7,711 | 7,790 | 7,760 | 6,795 | 6,608 | 6,384 | 6,351 | 6,290 |
Cash Equivalents | 155.4% | 251 | 98.00 | 98.00 | 99.00 | 86.00 | 159 | 195 | 178 | 175 | 188 | 317 | 808 | 817 | 888 | 1,001 | 1,019 | 154 | 207 | 140 | 82.00 | 108 |
Liabilities | 1.1% | 5,211 | 5,156 | 5,120 | 5,087 | 5,022 | 5,049 | 4,725 | 4,740 | 4,745 | 4,875 | 4,890 | 4,926 | 4,921 | 5,133 | 5,099 | 5,001 | 4,019 | 3,912 | 3,738 | 3,715 | 3,686 |
Shareholder's Equity | 2.8% | 2,964 | 2,882 | 2,980 | 3,004 | 2,954 | 2,982 | 2,876 | 2,715 | 2,663 | 2,546 | 2,576 | 2,605 | 2,549 | 2,418 | 2,531 | 2,600 | 2,636 | 2,573 | 2,511 | 2,502 | 2,467 |
Additional Paid-In Capital | 2.9% | 3,959 | 3,847 | 3,833 | 3,829 | 3,822 | 3,794 | 3,758 | 3,573 | 3,489 | 3,399 | 3,395 | 3,387 | 3,297 | 3,174 | 3,170 | 3,167 | 3,167 | 3,167 | 3,089 | 3,072 | 3,004 |
Shares Outstanding | 1.4% | 83.00 | 82.00 | 82.00 | 82.00 | 81.00 | 79.00 | 79.00 | 78.00 | 77.00 | 77.00 | 77.00 | 77.00 | - | - | - | - | - | - | - | - | - |
Minority Interest | -0.6% | 79.00 | 79.00 | 80.00 | 79.00 | 80.00 | 81.00 | 81.00 | 81.00 | 83.00 | 85.00 | 86.00 | 84.00 | 85.00 | 90.00 | 97.00 | 98.00 | 101 | 103 | 103 | 113 | 121 |
Float | - | - | - | 7,900 | - | - | - | 7,700 | - | - | - | 9,100 | - | - | - | 6,400 | - | - | - | 9,700 | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | -25.4% | 113 | 151 | 149 | 143 | 107 | 149 | 157 | 103 | 105 | 119 | 132 | 115 | 102 | 87.00 | 63.00 | 119 | 118 | 102 | 137 | 105 | 152 |
Share Based Compensation | 2.7% | 3.00 | 3.00 | 3.00 | 4.00 | 3.00 | 3.00 | 3.00 | 4.00 | - | 3.00 | - | - | - | - | - | - | - | - | - | - | - |
Cashflow From Investing | 17.5% | -69.69 | -84.44 | -103 | -100 | -115 | -370 | -211 | -88.19 | 2.00 | -151 | -435 | -74.84 | 5.00 | -116 | -105 | -151 | -89.27 | -113 | -9.33 | -104 | -80.47 |
Cashflow From Financing | 271.9% | 114 | -66.46 | -50.40 | -31.27 | -53.92 | 185 | 71.00 | -11.85 | -119 | -95.99 | -188 | -48.72 | -178 | -83.46 | 25.00 | 899 | -81.65 | 79.00 | -69.98 | -27.00 | -57.97 |
Consolidated Statements Of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
REVENUE | |||
Rental income | $ 1,131,041 | $ 1,073,292 | $ 948,842 |
Mortgage interest income | 1,113 | 1,086 | 2,382 |
Total revenue | 1,132,154 | 1,074,378 | 951,224 |
EXPENSES | |||
Rental expenses | 231,666 | 228,958 | 198,121 |
Real estate taxes | 131,429 | 127,824 | 118,496 |
General and administrative | 50,707 | 52,636 | 49,856 |
Depreciation and amortization | 321,763 | 302,409 | 279,976 |
Total operating expenses | 735,565 | 711,827 | 646,449 |
Gain on deconsolidation of VIE | 0 | 70,374 | 0 |
Gain on sale of real estate and change in control of interest | 9,881 | 93,483 | 89,950 |
OPERATING INCOME | 406,470 | 526,408 | 394,725 |
OTHER INCOME/(EXPENSE) | |||
Other interest income | 4,687 | 1,072 | 809 |
Interest expense | (167,809) | (136,989) | (127,698) |
Income from partnerships | 3,869 | 5,170 | 1,245 |
NET INCOME | 247,217 | 395,661 | 269,081 |
Net income attributable to noncontrolling interests | (10,232) | (10,170) | (7,583) |
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | 236,985 | 385,491 | 261,498 |
Dividends on preferred shares | (8,032) | (8,034) | (8,042) |
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS | $ 228,953 | $ 377,457 | $ 253,456 |
EARNINGS PER COMMON SHARE, BASIC | |||
Net income available for common shareholders | $ 2.80 | $ 4.71 | $ 3.26 |
Weighted average number of common shares | 81,313 | 79,854 | 77,336 |
EARNINGS PER COMMON SHARE, DILUTED | |||
Net income available for common shareholders | $ 2.80 | $ 4.71 | $ 3.26 |
Weighted average number of common shares | 81,313 | 80,508 | 77,368 |
COMPREHENSIVE INCOME | |||
NET INCOME | $ 247,217 | $ 395,661 | $ 269,081 |
Other comprehensive (loss) income - change in value of interest rate swaps | (1,824) | 8,569 | 3,917 |
COMPREHENSIVE INCOME | 245,393 | 404,230 | 272,998 |
Comprehensive income attributable to noncontrolling interests | (10,113) | (10,935) | (7,903) |
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | 235,280 | 393,295 | 265,095 |
Federal Realty OP LP | |||
REVENUE | |||
Rental income | 1,131,041 | 1,073,292 | 948,842 |
Mortgage interest income | 1,113 | 1,086 | 2,382 |
Total revenue | 1,132,154 | 1,074,378 | 951,224 |
EXPENSES | |||
Rental expenses | 231,666 | 228,958 | 198,121 |
Real estate taxes | 131,429 | 127,824 | 118,496 |
General and administrative | 50,707 | 52,636 | 49,856 |
Depreciation and amortization | 321,763 | 302,409 | 279,976 |
Total operating expenses | 735,565 | 711,827 | 646,449 |
Gain on deconsolidation of VIE | 0 | 70,374 | 0 |
Gain on sale of real estate and change in control of interest | 9,881 | 93,483 | 89,950 |
OPERATING INCOME | 406,470 | 526,408 | 394,725 |
OTHER INCOME/(EXPENSE) | |||
Other interest income | 4,687 | 1,072 | 809 |
Interest expense | (167,809) | (136,989) | (127,698) |
Income from partnerships | 3,869 | 5,170 | 1,245 |
NET INCOME | 247,217 | 395,661 | 269,081 |
Net income attributable to noncontrolling interests | (10,232) | (10,170) | (7,583) |
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | 236,985 | 385,491 | 261,498 |
Distributions declared to preferred unit holders | (8,032) | (8,034) | (8,042) |
NET INCOME AVAILABLE FOR COMMON UNIT HOLDERS | $ 228,953 | $ 377,457 | $ 253,456 |
EARNINGS PER COMMON UNIT, BASIC | |||
Net income available for common unit holders | $ 2.80 | $ 4.71 | $ 3.26 |
Weighted average common units outstanding, basic | 81,313 | 79,854 | 77,336 |
EARNINGS PER COMMON UNIT, DILUTED | |||
Net income available for common unit holders, diluted | $ 2.80 | $ 4.71 | $ 3.26 |
Weighted average common units outstanding, diluted | 81,313 | 80,508 | 77,368 |
COMPREHENSIVE INCOME | |||
NET INCOME | $ 247,217 | $ 395,661 | $ 269,081 |
Other comprehensive (loss) income - change in value of interest rate swaps | (1,824) | 8,569 | 3,917 |
COMPREHENSIVE INCOME | 245,393 | 404,230 | 272,998 |
Comprehensive income attributable to noncontrolling interests | (10,113) | (10,935) | (7,903) |
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | $ 235,280 | $ 393,295 | $ 265,095 |
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
---|---|---|
ASSETS | ||
Operating (including $2,021,622 and $1,997,583 of consolidated variable interest entities, respectively) | $ 9,932,891 | $ 9,441,945 |
Construction-in-progress (including $8,677 and $8,477 of consolidated variable interest entities, respectively) | 613,296 | 662,554 |
Real estate, at cost, total | 10,546,187 | 10,104,499 |
Less accumulated depreciation and amortization (including $416,663 and $362,921 of consolidated variable interest entities, respectively) | (2,963,519) | (2,715,817) |
Net real estate | 7,582,668 | 7,388,682 |
Cash and cash equivalents | 250,825 | 85,558 |
Accounts and notes receivable, net | 201,733 | 197,648 |
Mortgage notes receivable, net | 9,196 | 9,456 |
Investment in partnerships | 34,870 | 145,205 |
Operating lease right of use assets, net | 86,993 | 94,569 |
Finance lease right of use assets, net | 6,850 | 45,467 |
Prepaid expenses and other assets | 263,377 | 267,406 |
TOTAL ASSETS | 8,436,512 | 8,233,991 |
Liabilities | ||
Mortgages payable, net (including $189,286 and $191,827 of consolidated variable interest entities, respectively) | 516,936 | 320,615 |
Notes payable, net | 601,945 | 601,077 |
Senior notes and debentures, net | 3,480,296 | 3,407,701 |
Accounts payable and accrued expenses | 174,714 | 190,340 |
Dividends payable | 92,634 | 90,263 |
Security deposits payable | 30,482 | 28,508 |
Operating lease liabilities | 75,870 | 77,743 |
Finance lease liabilities | 12,670 | 67,660 |
Other liabilities and deferred credits | 225,443 | 237,699 |
Total liabilities | 5,210,990 | 5,021,606 |
Redeemable noncontrolling interests | 183,363 | 178,370 |
Shareholders’ equity | ||
Common shares of beneficial interest, $0.01 par, 200,000,000 and 100,000,000 shares authorized, respectively, 82,775,286 and 81,342,959 shares issued and outstanding, respectively | 833 | 818 |
Additional paid-in capital | 3,959,276 | 3,821,801 |
Accumulated dividends in excess of net income | (1,160,474) | (1,034,186) |
Accumulated other comprehensive income | 4,052 | 5,757 |
Total shareholders’ equity of the Trust | 2,963,509 | 2,954,012 |
Noncontrolling interests | 78,650 | 80,003 |
Total shareholders’ equity | 3,042,159 | 3,034,015 |
Partners' Capital | ||
Accumulated other comprehensive income | 4,052 | 5,757 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL | 8,436,512 | 8,233,991 |
Federal Realty OP LP | ||
ASSETS | ||
Operating (including $2,021,622 and $1,997,583 of consolidated variable interest entities, respectively) | 9,932,891 | 9,441,945 |
Construction-in-progress (including $8,677 and $8,477 of consolidated variable interest entities, respectively) | 613,296 | 662,554 |
Real estate, at cost, total | 10,546,187 | 10,104,499 |
Less accumulated depreciation and amortization (including $416,663 and $362,921 of consolidated variable interest entities, respectively) | (2,963,519) | (2,715,817) |
Net real estate | 7,582,668 | 7,388,682 |
Cash and cash equivalents | 250,825 | 85,558 |
Accounts and notes receivable, net | 201,733 | 197,648 |
Mortgage notes receivable, net | 9,196 | 9,456 |
Investment in partnerships | 34,870 | 145,205 |
Operating lease right of use assets, net | 86,993 | 94,569 |
Finance lease right of use assets, net | 6,850 | 45,467 |
Prepaid expenses and other assets | 263,377 | 267,406 |
TOTAL ASSETS | 8,436,512 | 8,233,991 |
Liabilities | ||
Mortgages payable, net (including $189,286 and $191,827 of consolidated variable interest entities, respectively) | 516,936 | 320,615 |
Notes payable, net | 601,945 | 601,077 |
Senior notes and debentures, net | 3,480,296 | 3,407,701 |
Accounts payable and accrued expenses | 174,714 | 190,340 |
Dividends payable | 92,634 | 90,263 |
Security deposits payable | 30,482 | 28,508 |
Operating lease liabilities | 75,870 | 77,743 |
Finance lease liabilities | 12,670 | 67,660 |
Other liabilities and deferred credits | 225,443 | 237,699 |
Total liabilities | 5,210,990 | 5,021,606 |
Commitments and contingencies (Note 7) | ||
Redeemable noncontrolling interests | 183,363 | 178,370 |
Shareholders’ equity | ||
Accumulated other comprehensive income | 4,052 | 5,757 |
Partners' Capital | ||
Preferred units, 398,878 units issued and outstanding | 154,788 | 154,788 |
Common units, 82,775,286 and 81,342,959 units issued and outstanding, respectively | 2,804,669 | 2,793,467 |
Accumulated other comprehensive income | 4,052 | 5,757 |
Total partner capital | 2,963,509 | 2,954,012 |
Noncontrolling interests in consolidated partnerships | 78,650 | 80,003 |
Total Capital | 3,042,159 | 3,034,015 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL | 8,436,512 | 8,233,991 |
5.0% Series C Cumulative Redeemable Preferred | ||
Shareholders’ equity | ||
Preferred shares, authorized 15,000,000 shares, $0.01 par: | 150,000 | 150,000 |
5.417% Series 1 Cumulative Convertible Preferred | ||
Shareholders’ equity | ||
Preferred shares, authorized 15,000,000 shares, $0.01 par: | $ 9,822 | $ 9,822 |