Don Wood

Don Wood has served as President and CEO of Federal Realty Investment Trust since 2016, leading a premium retail REIT that holds a unique distinction: the longest record of consecutive annual dividend increases of any publicly traded REIT — surpassing 55 years. This remarkable streak reflects the quality and resilience of Federal Realty's portfolio, which is concentrated in the highest-income, highest-barrier-to-entry suburban markets in the United States. Federal Realty's portfolio consists primarily of grocery-anchored shopping centers and mixed-use developments in markets including Northern Virginia/Washington D.C., the San Francisco Bay Area, greater Boston, southern New Jersey/Philadelphia, and other affluent suburban locations. The company's signature development projects — like Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts — blend retail, dining, residential, office, and hotel uses into walkable urban-suburban destinations. Wood's strategic focus includes redeveloping and densifying existing properties (adding residential and mixed-use components to traditional retail centers), maintaining occupancy and rent growth in premium locations, selective acquisition of properties in target markets, and sustaining the dividend growth streak. His challenges include navigating retail tenant evolution (managing exposure to categories vulnerable to e-commerce), competing for development entitlements in supply-constrained markets, and managing interest rate sensitivity. Same-property NOI growth, lease spreads, and FFO per share growth are the primary stock drivers.