Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 61

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 61
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 indenture and that all conditions precedent provided for in the indenture relating to the transaction have been met.                                                                |

Subordination Generally.Unless we say otherwise in a prospectus supplement, the payment of principal, premium, if any, and interest on subordinated debt securities will be subordinated, or junior, to the prior payment in full of all or any of our present and future “senior debt.” This means that we must pay all present and future senior debt before we pay amounts due to holders of subordinated debt securities if we liquidate, dissolve, reorganize or go through a similar process. After making these payments, we may not have sufficient assets remaining to pay the amounts due to holders of subordinated debt securities or equity securities. Unless we say otherwise in a prospectus supplement, senior debt will be defined as the principal of and interest on, or substantially similar payments to be made by us in respect of, the following, whether outstanding at the date of execution of any subordinated indenture or thereafter incurred, created or assumed:

| • |     | indebtedness for money borrowed or represented by purchase-money obligations; |

| • |     | indebtedness evidenced by notes, debentures, or bonds, or other securities issued under the provisions of an 
 indenture, fiscal agency agreement or other instrument;                                                      |

| • |     | our obligations as lessee under leases of property whether made as part of any sale and leaseback transaction to 
 which we are a party or otherwise;                                                                               |

| • |     | indebtedness of partnerships and joint ventures which is included in our consolidated financial statements; |

| • |     | indebtedness, obligations and liabilities of others in respect of which we are liable, contingently or otherwise,                                   
 for payment or advances of money or property, or as guarantor, endorser or otherwise, or which we have agreed to purchase or otherwise acquire; and |

| • |     | any binding commitment to fund any real estate investment or to fund any investment in any entity making a real 
 estate investment, in each case other than                                                                      |

| • |     | any such indebtedness, obligation or liability of a type described or referred to in the bullets above as to                                                                                                                                           
 which, in the instrument creating or evidencing the same or pursuant to which the same is outstanding, it is provided that such indebtedness, obligation or liability is not superior in right of payment to the subordinated debt securities or ranks 
 pari passu with the subordinated debt securities;