ROCKVILLE, Md., Jan. 19 /PRNewswire-FirstCall/ -- Federal Realty Investment Trust (NYSE:FRT) released today the Federal income tax treatment for 2009 distributions to holders of its Common Shares of Beneficial Interest (NYSE: FRT).

(Logo: http://www.newscom.com/cgi-bin/prnh/20050907/DCW070LOGO )

The characterization of distributions on our common shares traded under the ticker symbol FRT is as follows:


                                                                Distribution
                                                                     Type
                                                                     ----
                                                                   Taxable
                      Record          Payable     Distribution     Ordinary
        CUSIP          Date            Date        Per Share       Dividend
        -----          ------        -------      ------------    --------
    313747206         1/2/2009        1/15/2009   $0.650000000  $0.598000000
    ---------         --------        ---------   ------------  ------------
                     3/19/2009        4/15/2009   $0.650000000  $0.598000000
                     ---------        ---------   ------------  ------------
                     6/24/2009        7/15/2009   $0.650000000  $0.598000000
                     ---------        ---------   ------------  ------------
                     9/23/2009       10/15/2009   $0.660000000  $0.607200000
                     ---------       ----------   ------------  ------------
                                    2009 Totals   $2.610000000  $2.401200000

                                              Distribution Type
                                              -----------------
                                    Qualified      Capital       Nontaxable
                                     Dividend        Gains     Distributions
                                   ---------     --------     --------------
                                 $0.005980000  $0.006500000     $0.045500000
                                 ------------  ------------     ------------
                                 $0.005980000  $0.006500000     $0.045500000
                                 ------------  ------------     ------------
                                 $0.005980000  $0.006500000     $0.045500000
                                 ------------  ------------     ------------
                                 $0.006072000  $0.006600000     $0.046200000
                                 ------------  ------------     ------------
                 2009 Totals     $0.024012000  $0.026100000     $0.182700000

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 Gina Birdsall, Investor Relations, at (301) 998-8265.

About Federal Realty

Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management and redevelopment of high quality retail assets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 18.2 million square feet located primarily in strategically selected metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest. Our operating portfolio (excluding joint venture properties) was 94.2% leased to national, regional, and local retailers as of September 30, 2009, with no single tenant accounting for more than approximately 2.6% of annualized base rent. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 42 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P MidCap 400 company and its shares are traded on the NYSE under the symbol FRT. For more information, please visit www.federalrealty.com.


    Investor and Media Inquiries
    ----------------------------
    Gina Birdsall                      Janelle Stevenson
    Investor Relations                 Corporate Communications
    301/998-8265                       301/998-8185
    gbirdsall@federalrealty.com        jmstevenson@federalrealty.com

SOURCE Federal Realty Investment Trust