PR Newswire | Jan 26, 2022 04:16PM EST

01/26 15:15 CST

Federal Realty Investment Trust Releases Tax Status of 2021 Distributions NORTH BETHESDA, Md., Jan. 26, 2022

NORTH BETHESDA, Md., Jan. 26, 2022 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) released today the Federal income tax treatment for 2021 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)(1)

Distribution Taxable Capital Unrecap Sec Nontaxable Section 199A Sec 897 Inc Sec 897Record Date Payable Date Per Share Ordinary Gains (5) 1250 (3) Distributions Dividend (2) Dividends Capital Gain Dividend (Box 2e) (4) (Box 2f) (4)

01/04/2021 01/15/2021 $1.06000 $0.837400 $0.169600 $0.115328 $0.053000 $0.837400 $0.108862 $0.169600

03/16/2021 04/15/2021 $1.06000 $0.837400 $0.169600 $0.115328 $0.053000 $0.837400 $0.108862 $0.169600

06/22/2021 07/15/2021 $1.06000 $0.837400 $0.169600 $0.115328 $0.053000 $0.837400 $0.108862 $0.169600

09/22/2021 10/15/2021 $1.07000 $0.845300 $0.171200 $0.116416 $0.053500 $0.845300 $0.109889 $0.171200

2021 Totals $4.25000 $3.357500 $0.680000 $0.462400 $0.212500 $3.357500 $0.436475 $0.680000

(1) Effective as of January 1, 2022, the CUSIP changed to 313745101.

(2) These amounts are a subset of, and included in, the 2021 Taxable Ordinary Dividend amounts.

(3) These amounts are a subset of, and included in, the 2021 Capital Gain amounts.

The amount of the quarterly dividends treated as a Disposition of Investment in United States Real Property, for purposes of Internal Revenue(4) Code (IRC) Section 897, are reflected in Boxes 2e and 2f. Box 2e is a subset of, and included in, the 2021 Taxable Ordinary Dividend amounts. Box 2f is a subset of, and included in, the 2021 Capital Gain amounts.

The total dividend classified as Capital Gain is Section 1231 gain for(5) purposes of Internal Revenue Code (IRC) Section 1061. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests."

5.000% Series C Cumulative Redeemable Preferred Shares (CUSIP # 313747602)(1)

Distribution Taxable Capital Unrecap Sec Section 199A Sec 897 Inc Sec 897Record Date Payable Date Per Share (2) Ordinary Gains (6) 1250 (4) Dividend (3) Dividends Capital Gain Dividend (Box 2e) (5) (Box 2f) (5)

01/03/2021 01/15/2021 $0.31250 $0.259375 $0.053125 $0.036125 $0.259375 $0.033719 $0.053125

04/01/2021 04/15/2021 $0.31250 $0.259375 $0.053125 $0.036125 $0.259375 $0.033719 $0.053125

07/01/2021 04/15/2021 $0.31250 $0.259375 $0.053125 $0.036125 $0.259375 $0.033719 $0.053125

10/03/2021 10/15/2021 $0.31250 $0.259375 $0.053125 $0.036125 $0.259375 $0.033719 $0.053125

2021 Totals $1.25000 $1.037500 $0.212500 $0.144500 $1.037500 $0.134876 $0.212500

(1) Effective as of January 1, 2022, the CUSIP changed to 313745200.

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

(3) These amounts are a subset of, and included in, the 2021 Taxable Ordinary Dividend amounts.

(4) These amounts are a subset of, and included in, the 2021 Capital Gain amounts.

The amount of the quarterly dividends treated as a Disposition of Investment in United States Real Property, for purposes of Internal Revenue(5) Code (IRC) Section 897, are reflected in Boxes 2e and 2f. Box 2e is a subset of, and included in, the 2021 Taxable Ordinary Dividend amounts. Box 2f is a subset of, and included in, the 2021 Capital Gain amounts.

The total dividend classified as Capital Gain is Section 1231 gain for(6) purposes of Internal Revenue Code (IRC) Section 1061. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests."

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 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 106 properties include approximately 3,100 tenants, in 25 million square feet, and approximately 3,200 residential units.

Federal Realty has increased its quarterly dividends to its shareholders for 54 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 BradyDirector, Investor Relations301.998.8265lbrady@federalrealty.com

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SOURCE Federal Realty Investment Trust