Federal Realty Investment Trust Announces Third Quarter 2005 Earnings Release Date and Conference Call Information

ROCKVILLE, Md., Sept 20, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Federal Realty Investment Trust (NYSE: FRT) will announce third quarter 2005 earnings in a press release to be issued on Monday, October 31, 2005.

The Conference Call for third quarter 2005 earnings will take place on Tuesday, November 1, 2005, at 11 a.m. Eastern Standard 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 beginning at 4 p.m. EST on Tuesday, November 1, through Thursday, December 1, 2005. Replay access information is as follows:

Toll Free Number: (866) 448-4809

A live on-demand Web cast 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 Web cast 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 17.4 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 0.5 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 95.0% leased to national, regional, and local retailers as of June 30, 2005, with no single tenant accounting for more than 2.2% 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 38 consecutive years, the longest consecutive record in the REIT industry. Shares of Federal Realty are traded on the NYSE under the symbol FRT.

SOURCE Federal Realty Investment Trust

Investor and Media Inquiries:
Andrew Blocher, Vice President, Capital Markets & Investor Relations,
1-301-998-8166, ablocher@federalrealty.com,
or Suzanne O'Neill, Manager, Investor Relations,
1-301-998-8358, soneill@federalrealty.com,
both of Federal Realty Investment Trust

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