Federal Realty Investment Trust Announces Third Quarter 2007 Earnings Release Date and Conference Call Information

ROCKVILLE, Md., Sept. 20 /PRNewswire-FirstCall/ -- Federal Realty Investment Trust (NYSE: FRT) will announce third quarter 2007 earnings in a press release to be issued on Wednesday, October 31, 2007.

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

The Conference Call for third quarter 2007 earnings will take place on Thursday, November 1, 2007, at 12:00 p.m. Eastern Daylight Time (EDT). Conference Call access information is as follows:

            Toll Free Number:            (866) 271-0675
            Pass Code:                   EARNINGS
            Conference Leader:           Andrew Blocher

A telephonic replay of the Conference Call will be available beginning at 2 p.m. EDT on Thursday, November 1, 2007, through Friday, November 30, 2007. Replay access information is as follows:

            Toll Free Number:            (888) 286-8010
            Pass Code:                   97573561

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 19.5 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 1.0 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 96.1% leased to national, regional, and local retailers as of June 30, 2007, with no single tenant accounting for more than approximately 2.9% 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. Shares of Federal Realty are traded on the NYSE under the symbol FRT.

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

SOURCE Federal Realty Investment Trust

CONTACT: Investor and Media Inquiries, Andrew Blocher, Senior Vice
President, Capital Markets & Investor Relations, +1-301-998-8166,
ablocher@federalrealty.com; or Vikki Kayne, Vice President, Marketing and
Corporate Communications, +1-301-998-8178, vkayne@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