Federal Realty Investment Trust Announces First Quarter 2006 Earnings Release Date and Conference Call Information

ROCKVILLE, Md., March 29 /PRNewswire-FirstCall/ -- Federal Realty Investment Trust (NYSE: FRT) will announce first quarter 2006 earnings in a press release to be issued on Wednesday, May 3, 2006.

The Conference Call for first quarter 2006 earnings will take place on Thursday, May 4, 2006, at 11 a.m. Eastern Daylight Time (EDT). Conference Call access information is as follows:

Toll Free Number: (888) 566-5771
Pass Code: EARNINGS
Conference Leader: Andrew Blocher

A telephonic replay of the Conference Call will be available beginning at 4 p.m. EDT on Thursday, May 4, 2006, through Monday, June 5, 2006. Replay access information is as follows:

Toll Free Number: (866) 448-4809

A live on-demand Web cast of the Conference Call will be available on Federal Realty's Web site at http://www.federalrealty.com. Please check the company's Web site prior to the call for any materials that may be used during the conference call. An online playback of the Web cast will be available at http://www.federalrealty.com for 30 days following the Conference Call.

About Federal Realty

Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development, and redevelopment of high quality retail assets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 17.6 million square feet located primarily in strategic metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 0.5 million square feet of retail space through its joint venture with Clarion Lion Properties Fund in which the Trust has a 30% interest. Our operating portfolio (excluding joint venture properties) was 96.3% leased to national, regional, and local retailers as of December 31, 2005, with no single tenant accounting for more than 2.5% 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 38 consecutive years, the longest consecutive record in the REIT industry. Shares of Federal Realty are traded on the NYSE under the symbol FRT.

SOURCE Federal Realty Investment Trust

CONTACT: Andrew Blocher, Vice President, Capital Markets & Investor Relations, 1-301-998-8166, ablocher@federalrealty.com, or Suzanne O'Neill, Manager, Investor Relations, 1-301-998-8358, soneill@federalrealty.com, both of Federal Realty Investment Trust