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

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 14
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 governing the terms of such indebtedness, plus 0.10%, plus a spread based on
our credit rating. The current spreads are 77.5 basis points on our revolving credit facility and 85 basis points on our unsecured term loan. In addition, we have an option (subject to bank approval) to increase the revolving credit facility through
an accordion feature to $1.75 billion. As of February 13, 2025, there was no outstanding balance under our revolving credit facility.

Affiliates of some of the Agents are lenders under our revolving credit facility and/or our unsecured term loan and will receive a pro rata
portion of any proceeds used to repay amounts outstanding thereunder.

If we enter into a forward sale agreement with any forward
purchaser, we expect that such forward purchaser (or its affiliate) will attempt to borrow from third parties and sell, through the relevant Agent, acting as sales agent for such forward purchaser, common shares to hedge such forward
purchaser’s exposure under such forward sale agreement. All of the net proceeds from the sale of any such borrowed common shares will be paid to the applicable forward purchaser (or one or more of its affiliates). Each forward purchaser will be
either an Agent or an affiliate of an Agent. As a result, an Agent or its affiliate will receive the net proceeds from any sale of borrowed common shares made in connection with any forward sale agreement.

S-6

PLAN OF DISTRIBUTION (CONFLICTS OF INTEREST)

We have entered into an equity distribution agreement, dated as of February 14, 2022, as amended on March 8, 2024 and as further
amended on February 14, 2025, with the Agents and the forward purchasers under which an aggregate offering price of up to $750,000,000 of our common shares, as of the date of this prospectus supplement, may from time to time be offered and sold
to or through the Agents. Sales of our common shares, if any, under this prospectus supplement and the accompanying prospectus may be made in negotiated transactions, including block trades, or transactions that are deemed to be “at the
market” offerings as defined in Rule 415 under the Securities Act, by means of ordinary brokers’ transactions at market prices prevailing at the time of sale, including sales made directly on the NYSE, sales made to or through a market
maker and sales made through other securities exchanges or electronic communications networks. As our sales agents or