Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 73

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 73
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 that we do not distribute to our 
 shareholders during, or within a specified time period after, the calendar year in which the income is earned; |

| • |     | we will pay income tax at the regular corporate rate on (i) net income from the sale or other disposition of                                                                                                                                                                                   
 property acquired through foreclosure or after a default on a loan secured by the property or a lease of the property (“foreclosure property”) that we hold primarily for sale to customers in the ordinary course of business and (ii) other non-qualifying income from foreclosure property; |

| • |     | we will pay a 100% tax on net income from certain sales or other dispositions of property (other than foreclosure      
 property) that we hold primarily for sale to customers in the ordinary course of business (“prohibited transactions”); |

| • |     | our subsidiaries that are C corporations, including our “taxable REIT subsidiaries,” generally will be 
 required to pay federal corporate income tax on their earnings;                                        |

| • |     | we will pay a 100% excise tax on transactions with a “taxable REIT subsidiary” that are not conducted on an arm’s-length basis; |

| • |     | if we fail to satisfy the 75% gross income test or the 95% gross income test (as described below under                                                                                                               
 “—Requirements for REIT Qualification — Income Tests”), but nonetheless continue to qualify as a REIT because we meet certain other requirements, we will pay a 100% tax on (i) the gross income attributable to the 
 greater of the amount by which we fail, respectively, the 75% or 95% gross income test, multiplied, in either case, by (ii) a fraction intended to reflect our profitability;                                        |

| • |     | if we fail, in more than a de minimis fashion, to satisfy one or more of the asset tests for any quarter of a                                                                                                                                        
 taxable year, but nonetheless continue to qualify as a REIT because we qualify under certain relief provisions, we may be required to pay a tax equal to the greater of $50,000 or a tax computed at the regular corporate rate on the amount of net 
 income generated by the assets causing the failure from the date of failure until the assets are disposed of or we otherwise return to compliance with the asset test;                                                                               |

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| • |     | if we fail to satisfy one or more of the requirements for REIT qualification (other than the