Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 62

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 62
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| • |     | any such indebtedness, obligation or liability which is subordinated to our indebtedness to substantially the         
 same extent as or to a greater extent than the subordinated debt securities are subordinated to our indebtedness; and |

| • |     | the subordinated debt securities. |

Unless we say otherwise in a prospectus supplement, there will be no restrictions in any subordinated indenture upon the creation of additional senior debt. 25

Payment Blockage for Payment Defaults.Unless we say otherwise in a prospectus supplement, if we have defaulted in the payment of any senior debt, we may not:

| • |     | pay any principal, premium, if any, or interest on subordinated debt securities; or |

| • |     | purchase, redeem, defease, or otherwise acquire any subordinated debt securities. |

This prohibition will not affect any payment we have already made to defease debt securities, as described under “— Defeasance or Covenant Defeasance of Indentures,” below. We must resume payment on our subordinated debt securities, and make any payments we have missed, when one of the following has occurred:

| • |     | the senior debt has been discharged or paid in full; |

| • |     | the holders of senior debt have waived payment; or |

| • |     | the payment default has otherwise been cured or ceased to exist. |

Payment Blockage for Non-Payment Defaults.Unless we say otherwise in a prospectus supplement, we will also be prohibited from paying any amounts or distributing any assets if:

| • |     | we have defaulted on senior debt in a way that does not involve a failure to pay amounts but accelerates payment; 
 and                                                                                                               |

| • |     | we and the trustee for the subordinated debt securities have received written notice of this default. |

Unless we say otherwise in a prospectus supplement, we will be required to suspend payments and distributions on our subordinated debt securities starting when we receive notice of the applicable default. We may resume payments on our subordinated debt securities, and make any payments we have missed, upon the earliest of:

| • |     | the date that is 179 days after receipt of notice (unless we have previously been required to pay all amounts 
 owing on the applicable senior debt);                                                                         |

| • |     | the date the default and all other similar defaults as to which notice has been given shall have been cured, 
 waived or shall have ceased to exist