Company: FRT-PC
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066328
Chunk: 15

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 15
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 of 3.4% over 2023 driven by record levels of total revenue, positive impacts from capital investment, and overall continued strength in the broader retail real estate market |
| Strong Leasing Activity         |     | Signed new and renewal comparable space leases covering a record of nearly 2.4 million square feet of space and approximately $85.6 million of year 1 revenue                                                                     |
| Productive Capital Investments  |     | Investments in existing assets such as Pike & Rose and Huntington Shopping Center and new acquisitions such as Virginia Gateway producing significant year over year growth                                                       |
| 57th Year of Dividend Increases |     | Raised the dividend on our common shares for the 57th consecutive year, a record in the REIT industry, representing a compound annual growth rate of 7% over that 57-year period                                                  |
| Sustainability                  |     | Achieved ≈ 32% decrease in Scope 1 and 2 GHG emissions through 2023 versus 2019 baseline in alignment with our 2030 GHG reduction target set in accordance with the Science-Based Target initiative                               |

| * | FFO per diluted share (“FFO per share”) is a non-GAAP financial measure that we consider significant in our business. See Appendix A for a reconciliation of FFO per share to net income. |

| ➣ | PROGRAM PHILOSOPHY AND OBJECTIVES |

Our executive compensation philosophy and practices reflect a commitment to paying for performance – both short-term and long-term. Our programs are designed to attract, retain, motivate and reward talented, experienced executives to successfully manage our business, execute our strategy and drive shareholder value. We have three key objectives within this philosophy:

| • |     | Establish a strong link between pay and performance |

| • |     | Align the financial interest of our NEOs with our shareholders, particularly over the longer term |

| • |     | Reinforce business strategies and objectives and drive sustained shareholder value |

| Federal Realty  2025 Proxy Statement 20 |

| Ø | EXECUTIVE COMPENSATION PRACTICES |

The following table summarizes key governance elements related to our compensation programs:

| What We Do |     |                                                                                                                                    |     | What We Don’t Do |     |                                                                                     |
|            |     | Maintain a pay mix that is heavily performance-based                                                                               |     |                  |     | Have employment agreements with our NEOs with required fixed compensation increases |
|            |     | Align compensation with company and individual performance                                                                         |     |