Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 37

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 37
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 the liquidating distributions are made in full to all holders of preferred shares entitled to receive those distributions prior to any other classes or series of equity security ranking junior to the preferred shares upon our liquidation, dissolution or winding up, then our remaining assets shall be distributed among the holders of those junior classes or series of equity shares, in each case according to their respective rights and preferences and their respective number of shares. Voting Rights.Unless otherwise indicated in the applicable supplement, holders of preferred shares we issue in the future will not have any voting rights, except as may be required by applicable law or any applicable rules and regulations of the New York Stock Exchange. Conversion Rights.The terms and conditions, if any, upon which any series of preferred shares is convertible into common shares will be set forth in the prospectus supplement relating to the offering of those preferred shares. These terms typically will include:

| • |     | the number of common shares into which the preferred shares are convertible; |

| • |     | the conversion price or rate (or manner of calculation thereof); |

| • |     | the conversion period; |

| • |     | provisions as to whether conversion will be at the option of the holders of the preferred shares or at our 
 option;                                                                                                    |

| • |     | the events requiring an adjustment of the conversion price; and |

| • |     | provisions affecting conversion in the event of the redemption of that series of preferred shares. |

Transfer Agent and Registrar.We will identify the transfer agent and registrar for any additional series of preferred shares issued through this prospectus in a prospectus supplement. Restrictions on Ownership and Transfer of Company Shares Restrictions on ownership and transfer of shares are important to ensure that we meet certain conditions under the Code to qualify as a REIT. For example, the Code contains the following requirements.

| • |     | No more than 50% in value of a REIT’s shares may be owned, actually or constructively (based on attribution                                                                                                
 rules in the Code), by five or fewer individuals during the last half of a taxable year or a proportionate part of a shorter taxable year, which we refer to as the 5/50 Rule. Under the Code, individuals 
 include certain tax-exempt entities except that qualified domestic pension funds are not generally treated as individuals.                                                                                 |

| • |     | If a REIT, or an owner of 10% or more of a REIT, is treated as owning 10% or more of a tenant of the REIT’s                                      
 property