Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 16

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 16
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 price per share of the borrowed common shares sold through such Agent, as forward seller, during the applicable forward selling period for such shares (subject to certain possible adjustments to
such gross sales price for daily accruals and any quarterly dividends having an “ex-dividend” date during such forward selling period).

We estimate that the total expenses for the offering, excluding compensation payable to the Agents under the terms of the equity distribution
agreement, will be approximately $1 million. In connection with the sale of common shares, the Agents may be deemed to be “underwriters” within the meaning of the Securities Act, and the compensation paid to the Agents may be deemed
to be underwriting commissions and discounts.

Settlement of sales of common shares (other than pursuant to a forward sale agreement) will
occur on the first business day following the date on which such sales are made, or on some other date that is agreed upon by us and the applicable Agent in connection with a particular transaction, in return for payment of the net proceeds to us.
There is no arrangement for funds to be received in an escrow, trust or similar arrangement.

We will report at least quarterly the number
of common shares sold through the Agents under the equity distribution agreement, the net proceeds to us and the compensation paid by us to the Agents in connection with the sales of common shares.

S-7

The Agents have determined that our common shares are “actively-traded securities”
excepted from the requirements of Rule 101 of Regulation M under the Exchange Act by Rule 101(c)(1) under the Exchange Act. If an Agent has, or we have, reason to believe that the exemptive provisions set forth in Rule 101(c)(1)
of Regulation M under the Exchange Act are not satisfied, the party will promptly notify the other parties, and sales of common shares under the equity distribution agreement will be suspended until that or other exemptive provisions have been
satisfied in the judgment of the Agents and us.

The offering of common shares pursuant to the equity distribution agreement will
terminate upon the earlier of (1) the sale of common shares having an aggregate offering price of $750,000,000, from the date of this prospectus supplement, pursuant to this offering and (2) the termination of the equity distribution
agreement. The equity distribution agreement may be terminated by an Agent, a forward purchaser or us at any time upon three days’ notice. An Agent or a forward purchaser may terminate the equity distribution agreement earlier in certain
circ