Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 13

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 13
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 intended to reflect our profitability. In the event that these relief provisions were not available, we could lose our REIT status under the Code.

The Agents or their affiliates may receive benefits in connection with this offering.

As of the date of this prospectus supplement, affiliates of certain of the Agents are lenders and, in certain cases, agents, under our
revolving credit facility and/or unsecured term loan. Additionally, the Agents or affiliates thereof may extend additional credit to us in the future. To the extent that we use a portion of the net proceeds to repay the outstanding balance under our
revolving credit facility and/or unsecured term loan or other credit from an Agent or an affiliate thereof, the Agent or applicable affiliate will receive their proportionate share of any amount that is repaid with such net proceeds. These
transactions create potential conflicts of interest because the Agents have an interest in the successful completion of this offering beyond the sales commissions they will receive. These interests may influence decisions regarding the terms and
circumstances under which the offering is completed.

We have in the past entered into, and may in the future enter into, forward sale transactions that subject us to risks similar to those described above.

We have previously entered into forward sale agreements and may in the
future enter into forward sale agreements that are not part of this offering. As of February 13, 2025, we remained obligated to issue (subject to our right to elect cash settlement or net share settlement) a total of 476,497 common shares
pursuant to forward sale agreements. These forward sale agreements and other forward sale agreements we may enter into in the future subject us to risks that are substantially similar to the risks described above in this section.

S-5

USE OF PROCEEDS

We intend to use the net proceeds from this offering and any forward sale agreement to fund potential acquisition opportunities, to fund our
development or redevelopment pipeline, to repay indebtedness, which may include amounts outstanding under our $1.25 billion revolving credit facility or our $600.0 million unsecured term loan, and/or for general corporate purposes.

Our revolving credit facility matures on April 5,
2027, subject to two six-month extensions at our option. Our unsecured term loan matures on April 16, 2025, subject to one twelve-month extension at our option. All
such indebtedness bears interest based on the secured overnight financing rate, or SOFR, at Daily Simple SOFR or Term SOFR, as defined in the respective credit agreements