Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 74

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 74
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 income tests or the                                                                                                                                          
 asset tests), we nevertheless may avoid termination of our REIT election in such year if the failure is due to reasonable cause and not due to willful neglect, but we would also be required to pay a penalty of $50,000 for each failure to satisfy the 
 REIT qualification requirements;                                                                                                                                                                                                                          |

| • |     | if we fail to distribute during a calendar year at least the sum of (i) 85% of our REIT ordinary income for                                                                                                                              
 such year, (ii) 95% of our REIT capital gain net income for such year, and (iii) any undistributed taxable income from prior periods, we will pay a nondeductible 4% excise tax on the excess of such required distribution over (A) the 
 amount we actually distributed, plus (B) retained amounts on which corporate-level tax was paid by us;                                                                                                                                   |

| • |     | we may be required to pay monetary penalties to the IRS in certain circumstances, including if we fail to meet                      
 record-keeping requirements intended to monitor our compliance with the rules relating to the composition of a REIT’s shareholders; |

| • |     | we may elect to retain and pay income tax on our net long-term capital gain; or |

Requirements for REIT Qualification To qualify as a REIT, we must meet the following requirements:

| 1. | we are managed by one or more trustees or directors; |

| 2. | our beneficial ownership is evidenced by transferable shares, or by transferable certificates of beneficial 
 interest;                                                                                                   |

| 3. | we would be taxable as a domestic corporation, but for Sections 856 through 860 of the Code; |

| 4. | we are neither a financial institution nor an insurance company subject to certain provisions of the Code; |

| 5. | at least 100 persons are beneficial owners of our shares or ownership certificates; |

| 6. | not more than 50% in value of our outstanding shares or ownership certificates is owned, directly or                                                      
 indirectly, by five or fewer individuals (as defined in the Code to include certain entities) during the last half of any taxable year (the “5/50 Rule”); |

| 7. | we elect to be a REIT (or have made such election for a previous taxable year) and satisfy all relevant filing   
 and other administrative requirements established by the IRS that must be met to elect and maintain REIT status