Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 67

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 67
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 long as, if it acquires any conflicting interest and an event of default occurs, it either cures the conflict or resigns as trustee. For information regarding the acceleration of a portion of the principal amount of any original issue discount securities on the occurrence of an event of default, please read the prospectus supplement relating to the issuance of those securities. 28

Defeasance or Covenant Defeasance of Indenture Unless we say otherwise in a prospectus supplement, we will be able to discharge our obligations under debt securities at any time by taking the actions described below. The discharge of all obligations using this process is known as “defeasance.” If we defease debt securities, all obligations under the class or series of debt securities that is defeased will be deemed to have been discharged, except for:

| • |     | the rights of holders of outstanding debt securities to receive, solely from funds deposited for this purpose,             
 payments in respect of the principal of, premium, if any, and interest on those debt securities when the payments are due; |

| • |     | the obligations with respect to the debt securities concerning issuing temporary debt securities, registration of                                                            
 debt securities, mutilated, destroyed, lost or stolen debt securities, and the maintenance of an office or agency for payment and money for security payments held in trust; |

| • |     | the rights, powers, trusts, duties and immunities of the trustee; and |

| • |     | the defeasance provisions of the indenture. |

We will also be able to free ourselves from certain covenants that are described in an indenture by taking the actions described below. The discharge of obligations using this process is known as “covenant defeasance.” If we defease covenants under debt securities, then certain events (not including non-payment, enforceability ofany guarantee, bankruptcy and insolvency events) described under “— Events of Default” will no longer constitute an event of default with respect to the debt securities. Unless we say otherwise in a prospectus supplement, in order to exercise either defeasance or covenant defeasance as to the outstanding debt securities of a class or series:

| • |     | we must irrevocably deposit with the trustee, in trust, for the benefit of the holders of the debt securities of                                                                                                                                     
 the applicable class or series, an amount in (i) currency, currencies or currency units in which those debt securities are then specified as payable at maturity, (ii