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

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 25
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 expected, that competition for acquisitions could result in increased prices for acquisitions, that costs associated 
 with the periodic maintenance and repair or renovation of space, insurance and other operations may increase, that environmental issues may develop at our properties and result in unanticipated costs, and, because real estate is illiquid, that we   
 may not be able to sell properties when appropriate;                                                                                                                                                                                                     |

| • |     | risks that our growth will be limited if we cannot obtain additional capital, or if the costs of capital we 
 obtain are significantly higher than historical levels;                                                     |

| • |     | risks associated with general economic conditions, including inflation and local economic conditions in our 
 geographic markets;                                                                                         |

| • |     | risks of financing on terms which are acceptable to us, our ability to meet existing financial covenants and the                                              
 limitations imposed on our operations by those covenants, and the possibility of increases in interest rates that would result in increased interest expense; |

1

| • |     | risks related to the Company’s status as a real estate investment trust, commonly referred to as a REIT, for                                                                                                                                    
 federal income tax purposes, such as the existence of complex tax regulations relating to the Company’s status as a REIT, the effect of future changes in REIT requirements as a result of new legislation, and the adverse consequences of the 
 failure to qualify as a REIT; and                                                                                                                                                                                                               |

| • |     | risks related to natural disasters, climate change and public health crises (such as the outbreak and worldwide                                                                                              
 spread of COVID-19), and the measures that international, federal, state and local governments, agencies, law enforcement and/or health authorities implement to address them, may precipitate or materially 
 exacerbate one or more of the above-mentioned risks, and may significantly disrupt or prevent us from operating our business in the ordinary course for an extended period.                                  |

Given these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements or those contained in or incorporated by reference into this prospectus. We also make no promise to update any of the forward-looking statements, or to publicly release the results if we revise any of them. 2

PROSPECTUS SUMMARY

The following summary is qualified in its entirety by the more detailed information and consolidated financial statements and notes thereto contained elsewhere in or incorporated by reference into this prospectus.

Federal Realty Investment Trust and Federal Realty OP LP

Federal Realty Investment Trust, which we refer to as the Company, is an equity real