PR Newswire | Jan 27, 2021 09:12AM EST

01/27 08:11 CST

Federal Realty Investment Trust Releases Tax Status of 2020 Distributions ROCKVILLE, Md., Jan. 27, 2021

ROCKVILLE, Md., Jan. 27, 2021 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) released today the Federal income tax treatment for 2020 distributions to holders of its Common Shares of Beneficial Interest (NYSE: FRT) and its 5.000% Series C Cumulative Redeemable Preferred Shares (NYSE: FRT.PRC).

Common Shares (CUSIP # 313747206)

Taxable Qualified SectionRecord Payable Distribution Ordinary Dividend Capital Nontaxable 199ADate Date Per Share Dividend (1) Gains Distributions Dividend (1)

01/02/ 01/15/ $1.05000 $0.86100 $0.00000 $0.00000 $0.18900 $0.861002020 2020

03/16/ 04/15/ $1.05000 $0.86100 $0.00000 $0.00000 $0.18900 $0.861002020 2020

06/22/ 07/15/ $1.05000 $0.86100 $0.00000 $0.00000 $0.18900 $0.861002020 2020

09/22/ 10/15/ $1.06000 $0.86920 $0.00000 $0.00000 $0.19080 $0.869202020 2020

2020 $4.21000 $3.45220 $0.00000 $0.00000 $0.75780 $3.45220 Totals

(1) These amounts are a subset of, and included in, the 2020 Taxable Ordinary Dividend amounts.

5.000% Series C Cumulative Redeemable Preferred Shares (CUSIP # 313747602)

Distribution Taxable Qualified SectionRecord Payable Per Share Ordinary Dividend Capital Nontaxable 199ADate Date (1) Dividend (2) Gains Distributions Dividend (2)

01/02/ 01/15/ $0.31250 $0.31250 $0.00000 $0.00000 $0.00000 $0.312502020 2020

04/01/ 04/15/ $0.31250 $0.31250 $0.00000 $0.00000 $0.00000 $0.312502020 2020

07/01/ 07/15/ $0.31250 $0.31250 $0.00000 $0.00000 $0.00000 $0.312502020 2020

10/01/ 10/15/ $0.31250 $0.31250 $0.00000 $0.00000 $0.00000 $0.312502020 2020

2020 $1.25000 $1.25000 $0.00000 $0.00000 $0.00000 $1.25000 Totals

(1) Amount represents dividends per depositary share, each representing 1/ 1000th of a share.

(2) These amounts are a subset of, and included in, the 2020 Taxable Ordinary Dividend amounts.

The company did not incur any foreign taxes. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Federal Realty distributions. Should you need any additional information, contact Leah Brady, Investor Relations, at 301-998-8265.

About Federal Realty

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 101 properties include approximately 2,800 tenants, in 23 million square feet, and approximately 2,800 residential units.

Federal Realty has increased its quarterly dividends to its shareholders for 53 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.

Inquiries:

Leah Andress Brady

Investor Relations Senior Manager

301.998.8265

lbrady@federalrealty.com

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SOURCE Federal Realty Investment Trust