Federal Realty Investment Trust Announces Second Quarter 2004 Earnings Release Date and Conference Call Information

ROCKVILLE, Md.--(BUSINESS WIRE)--June 30, 2004--Federal Realty Investment Trust (NYSE:FRT) will announce Second Quarter 2004 Earnings in a press release to be issued on Wednesday, July 28, 2004.

The Conference Call for Second Quarter 2004 Earnings will take place on Thursday, July 29, 2004, at 1 p.m. Eastern Daylight Time. 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 for 14 days beginning at 4 p.m. EDT on Thursday, July 29, through Thursday, August 12, 2004. Replay access information is as follows:

Toll Free Number: (800) 679-9654

A live on-demand Web cast of the Conference Call will be available on Federal Realty's Web site at www.federalrealty.com. An online playback of the Web cast will be available at www.federalrealty.com for seven days following the Conference Call.

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 16.9 million square feet located primarily in strategic metropolitan markets in the Northeast, Mid-Atlantic, and California. The operating portfolio was approximately 93% leased to over 2,000 national, regional, and local retailers as of March 31, 2004, with no single tenant accounting for more than 2.4% 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.

CONTACT:
Federal Realty Investment Trust, Rockville
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