Federal Realty Investment Trust Announces Year-End 2003 Earnings Release Date and Conference Call Information

ROCKVILLE, Md.--(BUSINESS WIRE)--Jan. 9, 2004--Federal Realty Investment Trust (NYSE:FRT) will announce Year-End 2003 Earnings in a press release to be issued on Friday, February 13, 2004.

The Conference Call for Fourth Quarter 2003 Earnings will take place on Tuesday, February 17, 2004, at noon Eastern Standard Time. Conference Call access information is as follows:

Toll Free Number: (888) 566-5771
Passcode: EARNINGS
Conference Leader: Andrew Blocher

A telephonic replay of the Conference Call will be available for 14 days beginning at 4 p.m. on Tuesday, February 17, through Tuesday, March 2, 2004. Replay access information is as follows:

Toll Free Number: (888) 562-6135

A live on-demand Web cast of the Conference Call will be available on Federal Realty's Web site at www.federalrealty.com. An online playback of the Web cast will be available at www.federalrealty.com for seven days following the Conference Call.

Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development, and redevelopment of shopping centers and Street Retail properties. Federal Realty's portfolio contains approximately 16.2 million square feet located primarily in strategic metropolitan markets in the Northeast, Mid-Atlantic, and Western United States. The operating portfolio was 94% occupied by over 2,000 national, regional, and local retailers as of September 30, 2003, with no single tenant accounting for more than 2.5% 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 36 consecutive years, the longest consecutive record in the REIT industry. Shares of Federal Realty are traded on the NYSE under the symbol FRT. Additional information about Federal Realty can be found on the Internet at www.federalrealty.com.

CONTACT: Federal Realty Investment Trust, Rockville
Investor Inquiries:
Andrew Blocher, 301-998-8166
ablocher@federalrealty.com
or
Media Inquiries:
Kristine Warner, 301-998-8212
kwarner@federalrealty.com

SOURCE: Federal Realty Investment Trust