Federal Realty Investment Trust Announces First Quarter 2002 Earnings Release Date and Conference Call Information

ROCKVILLE, Md.--(BUSINESS WIRE)--April 9, 2002--Federal Realty Investment Trust (NYSE:FRT) will announce first quarter 2002 earnings in a press release to be issued on Monday, April 29, 2002.

The conference call for first quarter 2002 earnings will take place on Tuesday, April 30, 2002 at 11:00am Eastern Time. Conference Call access information is as follows:

Toll Free Number: 800/319-9003

A telephonic replay of the Conference Call will be available for 7 days beginning at 3:30pm on Tuesday April 30, 2002. Replay access information is as follows:

Toll Free Number: 888/203-1112

Passcode 510761

A live on-demand webcast of the Conference Call will be available on Federal Realty's website at www.federalrealty.com. An online playback of the webcast will be available at www.federalrealty.com for 7 days following the Conference Call.

Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development and re-development of shopping centers and street retail properties. Federal Realty's portfolio contains 15.2 million square feet located in major metropolitan markets across the United States.

The operating portfolio is currently 96% leased to over 2,100 national, regional and local retailers with no single tenant accounting for more than 2.7% of rental revenue. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 34 consecutive years.

Shares of Federal Realty are traded on the New York Stock Exchange under the symbol FRT. Additional information about Federal Realty can be found on the Internet at www.federalrealty.com.

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CONTACT:	Federal Realty Investment Trust, Rockville
	Andrew Blocher, 301/998-8166