Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 69

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 69
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 to permit or facilitate the appointment of a separate trustee or trustees for specific classes or series of debt securities; |

| • |     | cures any ambiguity, corrects or supplements any provisions which may be defective or inconsistent with any other                                                                                                                                       
 provision, or makes any other provisions with respect to matters or questions arising under the indenture which shall not be inconsistent with the provisions of the indenture; provided, however, that no such modification or amendment may adversely 
 affect the interest of holders of debt securities of any class or series then outstanding in any material respect; or                                                                                                                                   |

| • |     | supplements any provision of the indenture to such extent as shall be necessary to permit the facilitation of                                                                                                                                    
 defeasance and discharge of any class or series of debt securities; provided, however, that any such action may not adversely affect the interest of holders of debt securities of any class or series then outstanding in any material respect. |

The holders of a majority in aggregate principal amount of the debt securities of a class or series outstanding may waive compliance with certain restrictive covenants and provisions of either indenture with respect to that class or series. Original Issue Discount We may issue debt securities under either indenture for less than their stated principal amount. Such securities may be treated as “original issue discount securities,” and they may be subject to special tax consequences. In addition, some debt securities that are offered and sold at their stated principal amount may, under certain circumstances, be treated as issued at an original issue discount for federal income tax purposes. We will describe the federal income tax consequences and other special consequences applicable to securities treated as original issue discount securities in the prospectus supplement relating to such securities. “Original issue discount security” generally means, for U.S. federal income tax purposes, any debt security with a term of more than one year from the date of issuance that:

| • |     | does not provide for the payment of interest prior to maturity; or |

| • |     | is, subject to a de minimis exception, issued at a price lower than its stated redemption price at maturity. |

Notices Unless we say otherwise in a prospectus supplement, we will send notices to holders of debt securities by mail to the holder’s address as it appears in the register. Governing Law Unless we say otherwise in a prospectus supplement, each indenture and the debt securities will be governed by the laws of the State of New York. 31

MATERIAL FEDERAL INCOME TAX CONSIDERATIONS

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