Federal Realty Investment Trust Announces Updates to Third Quarter 2006 Conference Call Information

ROCKVILLE, Md., Oct. 30 /PRNewswire-FirstCall/ -- The Conference Call for third quarter 2006 earnings will take place on Monday, November 6, 2006, at 11 a.m. Eastern Standard Time (EST) as previously scheduled. Conference Call access information has been updated and is as follows:

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

    Toll Free Number:           (888) 323-8819
    Pass Code:                  EARNINGS
    Conference Leader:          Andrew Blocher

A telephonic replay of the Conference Call will be available beginning at 4 p.m. EST on Monday, November 6, 2006, through Tuesday, December 5, 2006. Replay access information has also been updated and is as follows:

    Toll Free Number:           (866) 503-3181

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 (NYSE: FRT) 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 96.7% leased to national, regional, and local retailers as of June 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
    Investor Relations               Corporate Communications
    301/998-8166                     301/998-8178
    ablocher@federalrealty.com       vquinn@federalrealty.com

SOURCE Federal Realty Investment Trust

CONTACT: Investor and Media Inquiries: 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
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