Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 68

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 68
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) government obligations (as defined in the applicable indenture) or            
 (iii) any combination thereof, as will be sufficient, without consideration of reinvestment of principal and interest, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof 
 delivered to the trustee, to pay and discharge the principal of, premium, if any, and interest on the debt securities of the applicable class or series on the stated maturity of such principal or installment of principal or interest and any     
 mandatory sinking fund payments;                                                                                                                                                                                                                     |

| • |     | in the case of defeasance, we will deliver to the trustee an opinion of counsel confirming that either: |

| • |     | we have received from, or there has been published by, the Internal Revenue Service a ruling, or |

| • |     | since the date of execution of the indenture, there has been a change in the applicable federal income tax law, |

the effect of either being that the holders of the outstanding debt securities of the applicable class or series will not recognize income, gain or loss for federal income tax purposes as a result of such defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred;

| • |     | in the case of covenant defeasance, we will deliver to the trustee an opinion of counsel to the effect that the                                                                                                                                        
 holders of the debt securities of the applicable class or series will not recognize income, gain or loss for federal income tax purposes as a result of such covenant defeasance and will be subject to federal income tax on the same amounts, in the 
 same manner and at the same times as would have been the case if such covenant defeasance had not occurred;                                                                                                                                            |

| • |     | no default, event of default or event which with notice or lapse of time or both would become an event of default                                                                                                                
 shall have occurred and be continuing on the date of such deposit or insofar as clause 6 or 7 of “— Default Provisions — Events of Default” is concerned, at any time during the period ending on the 91st day after the date of 
 deposit;                                                                                                                                                                                                                         |

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| • |     | the defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a default          
 under, the indenture or any other material agreement or instrument to which