Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 79

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 79
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 provide for either fixed rent, sometimes with scheduled escalations, or a fixed minimum rent and  
 a percentage of gross receipts in excess of some threshold. The Partnership has not entered into any lease based in whole or part on the net income of any person and on an ongoing basis will use its best efforts to avoid entering into such 
 arrangements unless, in either instance, we have determined or we determine in our discretion that such arrangements will not jeopardize our status as a REIT;                                                                                  |

| • |     | Except in certain limited circumstances involving taxable REIT subsidiaries, if we or someone who owns 10% or                                                                                                                                          
 more of our shares owns 10% or more of a tenant from whom the Partnership receives rent, the tenant is deemed a “related party tenant,” and the rent paid by the related party tenant will not qualify as “rents from real property.”                  
 Our ownership and the ownership of a tenant is determined based on direct, indirect and constructive ownership. The constructive ownership rules generally provide that if 10% or more in value of our shares are owned, directly or indirectly, by or 
 for any person, we are considered as owning the shares owned, directly or indirectly, by or for such person. The applicable attribution rules, however, are highly complex and difficult to apply, and the Partnership may inadvertently enter into    
 leases with tenants who, through application of such rules, will constitute “related party tenants.” In such event, rent paid by the related party tenant will not qualify as “rents from real property,” which may jeopardize our                     
 status as a REIT. We believe that the Partnership has not leased property to any related                                                                                                                                                               |

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| party tenant, except where it may rent to certain taxable REIT subsidiaries as described below, or where we have determined in our discretion that the rent received from such related party tenant                                                  
 is not material and will not jeopardize our status as a REIT. On an ongoing basis, we will use our best efforts to ensure that the Partnership does not rent any property to a related party tenant (taking into account the applicable constructive 
 ownership rules), unless we determine in our discretion that the rent received from such related party tenant will not jeopardize our status as a REIT;                                                                                              |

| • |     | In the case of certain rent from a taxable REIT subsidiary which would, but for this exception, be considered                                                                                                                                           
 rent from a related party tenant, the space leased to the taxable REIT subsidiary must be part of a property at least