ROCKVILLE, Md., Oct 16, 2002 (BUSINESS WIRE) -- Federal Realty Investment Trust (NYSE:FRT) announced today that the Bethesda Row Arts Festival scheduled for this weekend, October 19 & 20, has been cancelled.

Federal Realty Investment Trust is an equity real estate investment trust (REIT) headquartered in Rockville, Maryland. Shares of Federal Realty are traded on the New York Stock Exchange under the symbol: FRT.

  1626 East Jefferson Street, Rockville, Maryland 20852 301-998-8100
                    NYSE:FRT www.federalrealty.com
CONTACT: Federal Realty Investment Trust
Kris Warner, 301/998-8212

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