Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 28

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 28
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1 preferred shares,” and 6,000 preferred shares designated as 5.000% Series C Cumulative Redeemable Preferred Shares, which we refer to as the “Series C preferred shares.” 4

Authority of the Board of Trustees Relating to Authorization and Classification of Shares.Our declaration of trust allows our Board of Trustees to take the following actions without approval by any shareholder:

| • |     | classify or reclassify any authorized but unissued common shares or preferred shares into one or more classes or 
 series of shares of beneficial interest;                                                                         |

| • |     | amend the declaration of trust to change the total number of shares of beneficial interest authorized; and |

| • |     | amend the declaration of trust to change the authorized number of shares of any class or series of shares of 
 beneficial interest.                                                                                         |

If there are any laws or stock exchange rules which require us to obtain shareholder approval in order for us to take these actions, however, we will contact our shareholders to solicit that approval. We believe that the power of the Board of Trustees to issue additional shares of beneficial interest will provide us with greater flexibility in structuring possible future financings and acquisitions and in meeting other future needs. Although the Board of Trustees does not currently intend to do so, it has the ability to issue a class or series of beneficial shares that could have the effect of delaying or preventing a change of our control that might involve a premium price for holders of our common shares or otherwise be favorable to them. Common Shares of the Company All common shares offered through this prospectus will be duly authorized, fully paid and nonassessable. As a shareholder, you will be entitled to receive distributions, or dividends, on the shares you own if the Board of Trustees authorizes a dividend to the holders of our common shares out of our legally available assets. Your right to receive those dividends may be affected, however, by the preferential rights of the Series 1 preferred shares and Series C preferred shares or any other class or series of shares of beneficial interest and the provisions of our declaration of trust regarding restrictions on the transfer of shares of beneficial interest. For example, you may not receive dividends if no funds are available for distribution after we pay dividends to holders of preferred shares. In the event of our liquidation, dissolution or winding up, holders of our common shares will be entitled to share pro rata in all of our assets remaining after payment or provision for all of our debts and other liabilities and preferential amounts owing in respect of our Series 1