Federal Realty Investment Trust Announces Year-End 2001 Earnings Release Date and Conference Call Information

ROCKVILLE, Md., Jan 14, 2002 (BUSINESS WIRE) -- Federal Realty Investment Trust (NYSE:FRT) will announce Year-End 2001 Earnings in a press release to be issued on Tuesday, February 12, 2002.

The Conference Call for Year-End 2001 Earnings will take place on Wednesday, February 13, at 11:00am Eastern Standard Time. Conference Call access information is as follows:

            Toll Free Number:           (800) 289-0436

A telephonic replay of the Conference Call will be available for 7 days beginning at 3:30pm on Wednesday, February 13, through Thursday, February 19, 2002. Replay access information is as follows:

            Toll Free Number:           (888) 203-1112
            Passcode                    467891

A live on-demand webcast of the Conference Call will be available on Federal Realty's website at www.federalrealty.com. An online playback of the webcast will be available at www.federalrealty.com for 7 days following the Conference Call.

Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development and re-development of retail and mixed-use properties. Federal Realty owns or has an interest in 56 community and neighborhood shopping centers comprising over 11 million square feet with a current occupancy rate in excess of 95.5%.

This portfolio is primarily located in densely populated communities throughout the Northeast and Mid-Atlantic United States. Federal Realty also owns or has an interest in 64 retail and urban mixed-use properties comprising almost 2 million square feet located in strategic metropolitan markets across the United States.

In addition, the Trust participates in the results of an additional 30 properties through convertible participating mortgages. Federal Realty is nationally recognized for its main street revitalization programs as well as the development of urban mixed-use, pedestrian-friendly communities.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 34 consecutive years. Shares of Federal Realty are traded on the New York Stock Exchange under the symbol FRT. Additional information about Federal Realty can be found on the Internet at www.federalrealty.com.

CONTACT: Federal Realty Investment Trust
Andy Blocher, 301/998-8166

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