ROCKVILLE, Md., March 2, 2016 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) today announced that the public offering price for the 1,000,000 common shares previously sold to Citigroup Global Markets Inc. as sole bookrunner of the offering is $150.00 per share. Federal Realty has also granted the sole bookrunner an option to purchase up to 150,000 additional shares.

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Federal Realty intends to use the net proceeds of this offering to reduce amounts outstanding under its revolving credit facility and for general corporate purposes.

Citigroup Global Markets Inc. served as the sole bookrunner for the offering. A copy of the prospectus supplement and prospectus relating to these securities may be obtained (a) by contacting Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 800-831-9146, or (b) through the Internet site of the Securities and Exchange Commission at http://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

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, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our 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 90 properties include over 2,700 tenants, in approximately 21.4 million square feet, and over 1,700 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 48 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT.

Safe Harbor Language

Certain matters discussed within this press release may be deemed to be forward-looking statements within the meaning of the federal securities laws. Although Federal Realty believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. These factors include, but are not limited to, the risk factors described in our Annual Report on Form 10-K filed on February 9, 2016, and include the following:


    --  risks that our tenants may not pay rent, may vacate early or may file
        for bankruptcy or that we may be unable to renew leases or re-let space
        at favorable rents as leases expire;
    --  risks that we may not be able to proceed with or obtain necessary
        approvals for any redevelopment or renovation project, and that
        completion of anticipated or ongoing property redevelopments or
        renovation projects that we do pursue may cost more, take more time to
        complete, or fail to perform as expected;
    --  risks that we are investing a significant amount in ground-up
        development projects that may be dependent on third parties to deliver
        critical aspects of certain projects, requires spending a substantial
        amount upfront in infrastructure, and assumes receipt of public funding
        which has been committed but not entirely funded;
    --  risks normally associated with the real estate industry, including risks
        that occupancy levels at our properties and the amount of rent that we
        receive from our properties may be lower than expected, that new
        acquisitions may fail to perform as expected, that competition for
        acquisitions could result in increased prices for acquisitions, that
        environmental issues may develop at our properties and result in
        unanticipated costs, and, because real estate is illiquid, that we may
        not be able to sell properties when appropriate;
    --  risks that our growth will be limited if we cannot obtain additional
        capital;
    --  risks associated with general economic conditions, including local
        economic conditions in our geographic markets;
    --  risks of financing, such as our ability to consummate additional
        financings or obtain replacement financing on terms which are acceptable
        to us, our ability to meet existing financial covenants and the
        limitations imposed on our operations by those covenants, and the
        possibility of increases in interest rates that would result in
        increased interest expense; and
    --  risks related to our status as a real estate investment trust, commonly
        referred to as a REIT, for federal income tax purposes, such as the
        existence of complex tax regulations relating to our status as a REIT,
        the effect of future changes in REIT requirements as a result of new
        legislation, and the adverse consequences of the failure to qualify as a
        REIT.

Given these uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements that we make, including those in this press release. Except as may be required by law, we make no promise to update any of the forward-looking statements as a result of new information, future events or otherwise. You should carefully review the risks and risk factors included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 9, 2016.



    Investor Inquiries         Media Inquiries
    ------------------         ---------------

    Leah Andress               Andrea Simpson

    Investor Relations         Director, Marketing

    301/998-8265               617/684-1511

    landress@federalrealty.com asimpson@federalrealty.com

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SOURCE Federal Realty Investment Trust