Federal Realty Investment Trust Announces Second Quarter 2008 Earnings Release Date and Conference Call Information

ROCKVILLE, Md., June 30 /PRNewswire-FirstCall/ -- Federal Realty Investment Trust (NYSE: FRT) will announce second quarter 2008 earnings in a press release to be issued on Wednesday, July 30, 2008.

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

The conference call for second quarter earnings will take place on Thursday, July 31, 2008, at 11:00 a.m. Eastern Daylight Time (EDT). Conference call access information is as follows:

    Toll Free Number:     (866) 700-0161
    Pass Code:            FRT EARNINGS
    Conference Leader:    Andrew Blocher

A telephonic replay of the conference call will be available beginning at 1:00 p.m. EDT on Thursday, July 31, 2008, through Friday, August 29, 2008. Replay access information is as follows:

Toll Free Number: (888) 286-8010

    Pass Code:            95318246

A live on-demand webcast 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 webcast 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 18.4 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 96.1% leased to national, regional, and local retailers as of March 31, 2008, with no single tenant accounting for more than approximately 2.7% 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 40 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
    Andrew Blocher                           Gina Birdsall
    Senior Vice President,                   Investor Relations Coordinator
    Capital Markets & Investor Relations     301/998-8265
    301/998-8166                             gbirdsall@federalrealty.com
    ablocher@federalrealty.com

SOURCE  Federal Realty Investment Trust
    -0-                             06/30/2008
    /CONTACT:  Andrew Blocher, Senior Vice President, Capital Markets &
Investor Relations, +1-301-998-8166, ablocher@federalrealty.com, or Gina
Birdsall, Investor Relations Coordinator, +1-301-998-8265,
gbirdsall@federalrealty.com, both of Federal Realty Investment Trust/
    /Photo:  NewsCom:  http://www.newscom.com/cgi-bin/prnh/20050907/DCW070LOGO
              AP Archive:  http://photoarchive.ap.org
              PRN Photo Desk, photodesk@prnewswire.com/
    /Web site:  http://www.federalrealty.com /
    (FRT)

CO:  Federal Realty Investment Trust
ST:  Maryland
IN:  RLT FIN
SU:  CCA

RB-BR
-- NEM094 --
6395 06/30/2008 11:34 EDT http://www.prnewswire.com