Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 26

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 26
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 estate investment trust, or REIT, specializing
in the ownership, management, and redevelopment of high quality retail and mixed-use properties located primarily in communities where we believe retail demand exceeds supply, in strategically selected
metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, California, and South Florida. The Company conducts substantially all of its operations and owns substantially all of its
assets through Federal Realty OP LP, which we refer to as the Partnership. The Company owns 100% of the limited liability company interests of, is the sole member of and exercises exclusive control over Federal Realty GP LLC, which is the sole
general partner of the Partnership. The Company does not have substantial assets or liabilities other than through its investment in the Partnership. As of the date of this prospectus, the Company owns all of the outstanding limited partnership
interests in the Partnership.

As of December 31, 2023, we owned or had a majority interest in community and neighborhood shopping
centers and mixed-use properties which are operated as 102 predominantly retail real estate projects comprising approximately 26.0 million commercial square feet. In total, the real estate projects were
94.2% leased and 92.2% occupied at December 31, 2023. Our revenue is primarily generated from lease agreements with tenants. We have paid quarterly dividends to our shareholders continuously since our founding in 1962 and have increased our
dividends per common share for 56 consecutive years.

The Company qualifies for taxation as a REIT pursuant to the Internal Revenue Code
of 1986, as amended, or the “Code,” and we intend to operate in a manner that will allow us to maintain such qualification.

Our
principal executive offices are located at 909 Rose Ave., Suite 200, North Bethesda, MD 20852. Our telephone number is (301) 998-8100. Our website address iswww.federalrealty.com.
The information contained on our website is not a part of this prospectus and is not incorporated herein by reference.

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RISK FACTORS Investing in our securities involves risks. Before making an investment decision, please consider the risks described under the caption “Risk Factors” in our Annual Report on Form 10-K for thefiscal year ended December 31, 2023, on file with the SEC, which is incorporated herein by reference, in addition to any risks and additional information included in this prospectus, in an applicable prospectus supplement and in any subsequent filing with the