Federal Realty Investment Trust to Present at 2004 NAREIT Institutional Investor Forum

ROCKVILLE, Md.--(BUSINESS WIRE)--June 3, 2004--Federal Realty Investment Trust (NYSE:FRT), a leading shopping center REIT, today announced that Federal Realty's President & Chief Executive Officer Donald Wood, and Chief Financial Officer Larry Finger, will present at the 2004 NAREIT (National Association of Real Estate Investment Trusts) Institutional Investor Forum to take place in New York City on Tuesday, June 8, from 10:20-11 a.m. ET.

Federal Realty's presentation is being webcast by CCBN and can be accessed on our Web site at www.federalrealty.com.

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.fulldisclosure.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).

About Federal Realty

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 16.9 million square feet located primarily in strategic metropolitan markets in the Northeast, Mid-Atlantic, and California. The operating portfolio was approximately 93% leased to more than 2,200 national, regional, and local retailers as of March 31, 2004, with no single tenant accounting for more than 2.4 % 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.

CONTACT:
Federal Realty
Kristine Warner, 301-998-8212
kwarner@federalrealty.com
or
Adam Friedman Associates
Stephanie Blank, 212-981-2529 ext. 23
Stephanie@adam-friedman.com

SOURCE: Federal Realty Investment Trust