On June 19, 2019, Warren M. Thompson notified Federal Realty Investment Trust of his decision to resign as a member of the Board of Trustees. His resignation will be effective as of June 28, 2019. Mr. Thompson’s resignation was not the result of any disagreement between the Trust and him on any matter relating to the Trust’s operations, policies or practices. Effective concurrently with Mr. Thompson’s resignation, the size of the Board will be decreased from eight to seven Trustees, and Elizabeth I. Holland will become the Chair of the Trust’s Nominating and Corporate Governance Committee, replacing Mr. Thompson in that role.