Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 11

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 11
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 required upon 
 settlement of such forward sale agreement.                                                                  |

If the price of our common shares at which these purchases by such forward purchaser (or its affiliate) are made is below the relevant forward sale price, such forward purchaser will pay us such difference in cash (if we elect to cash settle) or deliver to us a number of common shares having a market value equal to such difference (if we elect to net share settle). If the price of our common shares at which these purchases are made by such forward purchaser (or its affiliate) exceeds the applicable forward sale price, then we will pay such forward purchaser an amount in cash equal to such difference (if we elect to cash settle) or we will deliver to such forward purchaser a number of common shares having a market value equal to such difference (if we elect to net share settle). Any such difference could be significant and could result in our receipt of a significant amount of cash or number of common shares from such forward purchaser or require us to pay a significant amount of cash or deliver a significant number of common shares to such forward purchaser. See “Plan of Distribution (Conflicts of Interest)—Sales Through Forward Sellers.” The purchase of common shares by a forward purchaser or its affiliate to unwind the forward purchaser’s hedge position could cause the price of our common shares to increase above the price that would have prevailed in the absence of those purchases (or prevent a decrease in such price), thereby increasing the amount of cash (in the case of cash settlement) or the number of common shares (in the case of net share settlement) that we would owe such forward purchaser upon settlement of the applicable forward sale agreement or decreasing the amount of cash (in the case of cash settlement) or the number of common shares (in the case of net share settlement) that such forward purchaser would owe us upon settlement of the applicable forward sale agreement. S-4

In case of our bankruptcy or insolvency, the forward sale agreements will automatically terminate, and we would not receive the expected net proceeds from any forward sales of our common shares under such agreement.

If we file for or
consent to a proceeding seeking a judgment in bankruptcy or insolvency or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or we or a regulatory authority with jurisdiction over us
presents a petition for our winding-up or liquidation, or we consent to such a petition, any forward sale agreement that is then in effect will automatically terminate. If any such forward sale agreement
so terminates under these circumstances