ROCKVILLE, Md.--(BUSINESS WIRE)--Jan. 12, 2005--Federal Realty Investment Trust (NYSE:FRT) released today the Federal income tax treatment for 2004 distributions to holders of its Common Shares of Beneficial Interest and Series B Cumulative Redeemable Preferred Shares.
The characterization of distributions on our common shares traded under the ticker symbol FRT is as follows:
Distribution Type
-----------------
CUSIP Record Payable Distri- Taxable Capital Unrecaptured
Date Date bution Per Ordinary Gain Sec. 1250
Share Dividend Dividend Gain
----------------------------------------------------------------------
313747206 01/02/04 01/15/04 $0.490000 $0.465500 $0.024500 $0.010045
03/24/04 04/15/04 $0.490000 $0.465500 $0.024500 $0.010045
06/24/04 07/15/04 $0.490000 $0.465500 $0.024500 $0.010045
09/24/04 10/15/04 $0.505000 $0.479750 $0.025250 $0.010353
------------------------------------------
2004 TOTALS $1.975000 $1.876250 $0.098750 $0.040488
The characterization of distributions on our Series B Cumulative Redeemable Preferred Shares traded under the ticker symbol FRTprB is as follows:
Distribution Type
-----------------
CUSIP Record Payable Distri- Taxable Capital Unrecaptured
Date Date bution Per Ordinary Gain Sec. 1250
Share Dividend Dividend Gain
----------------------------------------------------------------------
313747503 01/15/04 01/30/04 $0.531250 $0.504688 $0.026563 $0.010891
04/15/04 04/30/04 $0.531250 $0.504688 $0.026563 $0.010891
07/15/04 07/30/04 $0.531250 $0.504688 $0.026563 $0.010891
10/15/04 10/29/04 $0.531250 $0.504688 $0.026563 $0.010891
------------------------------------------
2004 TOTALS $2.125000 $2.018750 $0.106250 $0.043563
The Company did not incur any foreign taxes. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Federal Realty distributions. Should you need any additional information, contact Suzanne O'Neill, Investor Relations Manager, at 301-998-8358.
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 centers. Federal Realty's portfolio (excluding joint venture properties) contains approximately 16.8 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 465,000 square feet of retail space through its joint venture with Clarion Lion Properties Fund. Our operating portfolio (excluding joint venture properties) was 94.2% leased to approximately 2,200 national, regional, and local retailers as of September 30, 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.
CONTACT:
Federal Realty Investment Trust
Investor and Media Inquiries:
Andrew Blocher, 301-998-8166
ablocher@federalrealty.com
or
Suzanne O'Neill, 301-998-8358
soneill@federalrealty.com
SOURCE: Federal Realty Investment Trust
