Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 1

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 1
---
last reported sale price of our common shares on the NYSE was $111.82 per share.

Sales of our common shares, if any, under this
prospectus supplement and the accompanying prospectus may be made in negotiated transactions, including block trades, or transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act of 1933,
as amended, or the Securities Act, by means of ordinary brokers’ transactions at market prices prevailing at the time of sale, including sales made directly on the NYSE, sales made to or through a market maker and sales made through other
securities exchanges or electronic communications networks. The Agents are not required to sell any specific number or dollar amount of common shares, but as instructed by us will make all sales using commercially reasonable efforts, as our sales
agents or as forward sellers and subject to the terms of the equity distribution agreement. Our common shares to which this prospectus supplement relates will be sold through only one Agent on any given day. The offering of common shares pursuant to
the equity distribution agreement will terminate upon the earlier of (1) the sale of common shares having an aggregate offering price of $750,000,000, from the date of this prospectus supplement, and (2) the termination of the equity
distribution agreement.

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 certain of the Agents, or one of their respective affiliates, whom we refer to as 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 refer to an Agent when acting as sales agent for the relevant forward purchaser as a forward seller. Unless otherwise expressly stated or the context otherwise requires, references herein to the “related” or “relevant” forward purchaser mean, with respect to any Agent, the affiliate of such Agent that is acting as forward purchaser or, if applicable, such Agent acting in its capacity as forward purchaser. 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 currently expect to fully physically settle each forward sale