Company: FRT-PC
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001193125-25-026560
Chunk: 30

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-14
Form: 424B5
Chunk 30
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 (which requires the affirmative vote of the                                                                                                                          
 holders of two-thirds of the number of shares outstanding and entitled to vote on such a matter if the removal is approved or recommended by a vote of                                       
 at least two-thirds of the Board of Trustees or the affirmative vote of the holders of not less than 80% of the number of shares then outstanding and entitled to vote on such matter if the 
 removal is not approved or recommended by a vote of at least two-thirds of the Board of Trustees);                                                                                           |

| • |     | the amendment of our declaration of trust by shareholders (which requires the affirmative vote of two-thirds of all votes entitled to be cast on the matter only if the amendment was not approved by a unanimous vote of the Board of Trustees, but requires the affirmative vote of only a 
 majority of votes entitled to be cast on the matter if the amendment was approved by a unanimous vote of the Board of Trustees);                                                                                                                                                             |

| • |     | our termination, winding up of affairs and liquidation (which requires, after approval by a majority of the           
 entire Board of Trustees, the affirmative vote of two-thirds of all the votes entitled to be cast on the matter); and |

| • |     | subject to certain exceptions under Maryland law, our merger or consolidation with another entity or sale of all                                                                      
 or substantially all of our property (which requires the approval of the Board of Trustees and an affirmative vote of two-thirds of all the votes entitled to be cast on the matter). |

Our declaration of trust permits the Board of Trustees to revoke our election to be taxed as a REIT under the Code or to determine that compliance with any restriction or limitations on ownership and transfers of shares set forth in the declaration of trust is no longer required in order for us to qualify as a REIT. Our declaration of trust also permits the Board of Trustees to amend the declaration of trust from time to time, without approval by you or the other shareholders, to:

| • |     | qualify as a real estate investment trust under Maryland REIT Law or the Code; or |

| • |     | to increase or decrease the authorized aggregate number of shares and number of authorized shares of any class or 
 series.                                                                                                           |

In addition, any provision of our bylaws may be adopted, altered or repealed either by our Board of Trustees, subject to certain limitations contained in our bylaws, without any action by the shareholders or by the shareholders at any meeting of shareholders called for that purpose, by the affirmative vote of holders of