Federal Realty Investment Trust Announces New Date for Year-End 2003 Earnings Release

ROCKVILLE, Md.--(BUSINESS WIRE)--Feb. 9, 2004--Federal Realty Investment Trust (NYSE:FRT) will announce Year-End 2003 earnings in a press release to be issued before the market opens on Tuesday, February 17, 2004. Earnings information was initially scheduled for release on Friday, February 13, 2004.

The details for the Fourth Quarter 2003 Earnings Conference Call remain the same. The call will be held at noon Eastern Standard Time on Tuesday, February 17, 2004.

Conference Call access information is as follows:

   Toll Free Number:                  888-566-5771
   Passcode:                          EARNINGS
   Conference Leader:                 Andrew Blocher

Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development, and redevelopment of shopping centers and Street Retail properties. Federal Realty's portfolio contains approximately 16.2 million square feet located primarily in strategic metropolitan markets in the Northeast, Mid-Atlantic, and Western United States. The operating portfolio was 94% occupied by over 2,000 national, regional, and local retailers as of September 30, 2003, with no single tenant accounting for more than 2.5% 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 36 consecutive years, the longest consecutive record in the REIT industry.

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

CONTACT
Federal Realty Investment Trust
Investor Inquiries:
Andrew Blocher, 301-998-8166
ablocher@federalrealty.com
or
Media Inquiries:
Kristine Warner, 301-998-8212
kwarner@federalrealty.com

SOURCE: Federal Realty Investment Trust