Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 100

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 100
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IT distributions are taxed at the higher tax rates applicable to ordinary income. However, for taxable years prior to 2026, generally non-corporate shareholders areallowed to deduct 20% of the aggregate amount of ordinary dividends distributed by us for purposes of determining their U.S. federal income tax (but not for purposes of the 3.8% Medicare tax), subject to certain limitations, including a requirement that the taxable U.S. shareholder receiving such dividends hold the dividend-paying REIT shares for at least 46 days (taking into account certain special holding period rules) of the 91-day periodbeginning 45 days before the shares become ex-dividend andnot be under an obligation to make related payments with respect to a position in substantially similar or related property. Further, with respect to non-corporate taxpayers, thelower qualified dividend income/capital gains tax rate (at a maximum of 20%) does generally apply to:

| • |     | a shareholder’s long-term capital gain, if any, recognized on the disposition of our shares; |

| • |     | distributions we designate as long-term capital gain dividends (except to the extent attributable to real estate 
 depreciation, in which case the 25% tax rate applies);                                                           |

| • |     | distributions attributable to dividends we                                        
 receive from non-REIT corporations (including our taxable REIT subsidiaries); and |

46

| • |     | distributions to the extent attributable to income upon which we have paid corporate tax (for example, the tax we 
 would pay if we distributed less than all of our taxable REIT income).                                            |

In general, to qualify for the reduced tax rate on qualified dividend income, a shareholder must hold our shares for more than 60 days during the 121-day period beginningon the date that is 60 days before the date on which our shares become ex-dividend. Information Reporting and Backup Withholding.Taxable U.S. shareholders that are “exempt recipients” (such as corporations) generally will not be subject to U.S. backup withholding and related information reporting on payments of dividends on, and the proceeds from the disposition of, our common or preferred shares unless, when required, they fail to demonstrate their status as exempt recipients. In general, we will report to our other shareholders and to the IRS the amount of distributions we pay during each calendar year, and the amount of tax we withhold, if any. Under the backup withholding rules, a shareholder may be subject to backup withholding (currently at the rate of