Federal Realty Investment Trust Announces Presentation at the 10th Annual Wachovia Real Estate Securities Conference

ROCKVILLE, Md., Dec. 4 /PRNewswire-FirstCall/ -- Federal Realty Investment Trust (NYSE: FRT) is scheduled to give a presentation on Tuesday, December 5 at 10:35 a.m. EST during the 10th Annual Wachovia Real Estate, Gaming, and Lodging Securities Conference. The presentation will be broadcast live via audio web cast to all interested parties and can be accessed on Federal Realty's web site, http://www.federalrealty.com, under the Investor Relations tab. A replay of the presentation will be available within a few minutes of the live presentation, and will be archived for 90 days.

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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 18.6 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 0.7 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 97.3% leased to national, regional, and local retailers as of September 30, 2006, with no single tenant accounting for more than approximately 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 39 consecutive years, the longest record in the REIT industry. Shares of Federal Realty are traded on the NYSE under the symbol FRT.

    Investor and Media Inquiries
    Andrew Blocher                      Vikki Quinn
    Vice President,                     Vice President,
    Capital Markets &                   Marketing and Corporate
     Investor Relations                  Communications
    301/998-8166                        301/998-8178
    ablocher@federalrealty.com          vquinn@federalrealty.com

SOURCE Federal Realty Investment Trust

CONTACT: Andrew Blocher, Vice President, Capital Markets & Investor
Relations, +1-301-998-8166, ablocher@federalrealty.com, or Vikki Quinn, Vice
President, Marketing and Corporate Communications, +1-301-998-8178,
vquinn@federalrealty.com, both of Federal Realty Investment Trust
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Web site: http://www.federalrealty.com