Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 15

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 15
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, if applicable, forward sellers, the Agents will not engage in any transactions that stabilize the price of our common shares.

Upon its acceptance of written instructions from us, an Agent will use its commercially reasonable efforts, consistent with its sales and
trading practices, to solicit offers to purchase our common shares under the terms and subject to the conditions set forth in the equity distribution agreement. We will instruct each Agent as to the amount of common shares to be sold by it. We may
instruct the Agents not to sell common shares if the sales cannot be effected at or above the price designated by us in any instruction. Our common shares sold pursuant to the equity distribution agreement will be sold through only one of the Agents
on any given day. We or the Agents may suspend the offering of common shares upon proper notice and subject to other conditions.

The
relevant Agent will provide written confirmation to us and, if applicable, the related forward purchaser no later than the opening of the NYSE on the trading day following the trading day on which common shares were sold under the equity
distribution agreement. Each confirmation will include the number of common shares sold on the preceding day, the net proceeds and the compensation payable to the Agent in connection with the sales.

The equity distribution agreement contemplates that, in addition to the issuance and sale by us of common shares to or through the Agents as
our sales agents or as principal, we may enter into separate forward sale agreements with a forward purchaser. 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. We will not receive any
proceeds from any sale of common shares borrowed by a forward purchaser (or its affiliate) and sold through a forward seller.

We will pay
each of the Agents a commission that will not exceed, but may be lower than, 2.0% of the gross sales price per common share sold through it under the equity distribution agreement. In connection with each forward sale agreement, we will pay the
applicable Agent, acting as forward seller in connection with such forward sale agreement, a commission in the form of a reduction to the initial forward sale price under the related forward sale agreement, at a mutually agreed rate that will not
exceed, but may be lower than, 2.0% of the gross sales