1538 ET - Planned cuts to government spending are likely to negatively affect Federal Realty Trust, which has about a quarter of the REIT's real-estate portfolio in the D.C. area, Truist analyst Ki Bin Kim says, downgrading the stock to hold from buy. At least 25% of the spending earmarked by DOGE to be cut would have gone into the D.C. market, Kim estimates. The total scope of potential job cuts proposed are also likely to raise the unemployment rate in D.C., potentially denting the local economy further, Kim says. "We believe that the Washington D.C. risks are not priced into FRT's valuation/risk narrative," Kim says. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
March 13, 2025 15:39 ET (19:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。