Company: FRT-PC
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066328
Chunk: 2

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 2
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 (“FFO per share”) is a non-GAAPfinancial measure that we consider significant in our business. See Appendix A for a reconciliation of FFO per share to net income.

| Federal Realty  2025 Proxy Statement 1 |

| ➣ | CORPORATE VALUES |

Our four core values drive the behaviors, actions and decisions we make towards achieving our business objectives and promote a unified approach to our individual jobs. We strive to achieve Excellence in all that we do as we operate, develop and redevelop properties to serve the needs of the local communities. Innovation is key to introducing new ways of conducting our business to continue to meet the evolving economic, environmental and social challenges the real estate industry must address both in the short- and long-term. We hold ourselves Accountable for our work and our results and always act with the highest level of Integrity in our dealings with our shareholders, our employees, our tenants, our business partners and our community partners. Living these values underpins our ability to successfully deliver results for all stakeholders.

| ➣ | OUR BOARD |

We have seven (7) trustees serving on our Board, all of whom are independent except for Don Wood who serves as our CEO. Each of these individuals has been nominated to stand for election at the 2025 annual shareholder meeting.

| Name and Principal Occupation                                                            |    | Age |    |     |    | Trustee 
 Since   |      |     | Independent |     |     | Committee Memberships |     |   |     |   |
|                                                                                          | AC |     | CC |     | NC |         |      |     |             |     |     |                       |     |   |     |   |
| David W. Faeder±                                                                         |    |     | 68 |     |    |         | 2003 |     |             | Yes |     | ✓$                    |     |   |     | ✓ |
| Managing/Partner Fountain Square Properties and Managing Member/Kensington Senior Living |    |     |    |     |    |         |      |     |             |     |     |                       |     |   |     |   |
| Elizabeth I. Holland                                                                     |    |     | 59 |     |    |         | 2017 |     |             | Yes |     | ✓                     |     | C |     |   |
| Chief Executive Officer/Abbell Credit Corporation and Abbell Associates, LLC             |    |     |    |     |    |         |      |