Federal Realty Investment Trust to Present at the Smith Barney 2005 REIT CEO Conference

ROCKVILLE, Md., Mar 2, 2005 (BUSINESS WIRE) -- Federal Realty Investment Trust (NYSE:FRT), a REIT focused on high quality retail including shopping centers and urban mixed-use, today announced that Federal Realty's President and Chief Executive Officer Donald Wood will present at the Smith Barney 2005 REIT CEO Conference to take place in Naples, Fla., on Monday, March 7, from 9:30-10:10 a.m. EST.

To access the live broadcast of Federal Realty's presentation:

    Dial-in Number:     (210) 839-8982
    Passcode:           REIT 1

A telephonic replay will be available for 30 days following the presentation. Replay access information is as follows:

Replay Number: (402) 220-0737

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 17.4 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 460,000 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 95.1% leased to approximately 2,200 national, regional, and local retailers as of December 31, 2004, with no single tenant accounting for more than 2.3% 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 37 consecutive years, the longest consecutive record in the REIT industry. Shares of Federal Realty are traded on the NYSE under the symbol FRT.

SOURCE: Federal Realty Investment Trust

Federal Realty Investment Trust
Andrew Blocher, 301-998-8166
ablocher@federalrealty.com
or
Suzanne O'Neill, 301-998-8358
soneill@federalrealty.com