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News Release

Federal Realty Investment Trust Announces First Quarter 2009 Earnings Release Date and Conference Call Information
ROCKVILLE, Md., April 1, 2009 /PRNewswire-FirstCall via COMTEX/ -- Federal Realty Investment Trust (NYSE: FRT) will announce first quarter 2009 earnings in a press release to be issued on Wednesday, May 6, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050907/DCW070LOGO )

The conference call for first quarter earnings will take place on Thursday, May 7, 2009, at 11:00 a.m. Eastern Daylight Time (EDT). Conference call access information is as follows:

Toll Free Number: (866) 271-6130

Pass Code: FRT EARNINGS

A telephonic replay of the conference call will be available beginning at 2:00 p.m. EDT on Thursday, May 7, 2009, through Friday, June 5, 2009. Replay access information is as follows:

Toll Free Number: (888) 286-8010

Pass Code: 91157379

A live on-demand webcast of the conference call will be available on Federal Realty's web site at 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 webcast will be available at 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 18.1 million square feet located primarily in strategically selected metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest. Our operating portfolio (excluding joint venture properties) was 95.0% leased to national, regional, and local retailers as of December 31, 2008, with no single tenant accounting for more than approximately 2.6% 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 41 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P MidCap 400 company and its shares are traded on the NYSE under the symbol FRT.

    Investor and Media Inquiries
    Gina Birdsall                    Janelle Stevenson
    Investor Relations               Corporate Communications
    301/998-8265                     301/998-8185
    gbirdsall@federalrealty.com      jmstevenson@federalrealty.com

SOURCE Federal Realty Investment Trust


http://www.federalrealty.com