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News Release

Federal Realty Recognized by the Alliance for Workplace Excellence with Three Awards
REIT extends track record of corporate achievement, wins EcoLeadership Award for sustainability initiatives -

ROCKVILLE, Md., June 16, 2011 /PRNewswire via COMTEX/ --

Federal Realty Investment Trust (NYSE: FRT) was presented with three prestigious honors by the Alliance for Workplace Excellence, during AWE's annual awards luncheon Monday at the North Marriott Hotel and Conference Center in Bethesda, Maryland. The Trust received the 2011 Workplace Excellence Award, 2011 Health & Wellness Trailblazer Award and 2011 EcoLeadership Award. 2011 marks the fourth consecutive year Federal Realty has won Workplace Excellence and Health & Wellness awards, and the first year it has won the EcoLeadership award.

(Logo: http://photos.prnewswire.com/prnh/20050907/DCW070LOGO )

Federal Realty was among 57 organizations in the Washington, D.C. area to be recognized for Workplace Excellence this year, 38 companies recognized as Health & Wellness Trailblazers, and 22 companies recognized as EcoLeaders. These exclusive awards highlight businesses that promote professional fulfillment and personal wellness at work, at home, and in the community. All award applicants undergo a rigorous assessment process led by an independent review panel of professors, PhD professionals, and doctoral candidates in business, industrial and organizational psychology and human resources.

"We are proud to receive these awards in recognition of our commitment to excellence, and this year for our sustainability initiatives as well," said Laura Houser, human resources manager for Federal Realty. "We strive to reward our employees with a stimulating environment by providing high levels of motivation, empowerment and recognition. Our position in the shopping center and commercial real estate industry comes from the strength of our leadership team."

Among the benefits and programs offered at Federal Realty, employees enjoy a fitness center, free breakfast one day per week, free and ample parking, proximity to retail, bank and METRO facilities, quarterly meetings with executive management, fundraising opportunities, an employee stock purchase program, and incentive programs including tuition reimbursement.

The Alliance for Workplace Excellence specifically recognizes companies that demonstrate merit in each of the following categories: Supportive Corporate Culture and Management Practices; Family and Employee Friendly Policies and Practices; Strong Employee Health and Wellness Initiatives; Comprehensive Growth and Learning Opportunities; and Demonstration to Corporate Social Responsibility and Employee Volunteerism.

About The Alliance for Workplace Excellence

The Alliance is a 501(c)3 nonprofit organization founded by Montgomery County, Maryland, and Discovery Communications, providing a portfolio of services that allow employers to build excellent places to work. It created the Workplace Excellence and Health & Wellness Trailblazer Awards to highlight businesses that promote professional fulfillment and personal wellness at work, at home, and in the community. Launched in 2009, the EcoLeadership Award honors companies that recognize the importance of environmental sustainability. For more information, visit http://www.excellentworkplace.org.

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 18.6 million square feet located primarily in strategically selected metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest. Our operating portfolio (excluding joint venture properties) was 93.8% leased to national, regional, and local retailers as of March 31, 2011, with no single tenant accounting for more than approximately 2.6% of annualized base rent. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 43 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P MidCap 400 company and its shares are traded on the NYSE under the symbol FRT. For more information, please visit federalrealty.com.

Media Inquiries


Janelle Stevenson

Gina Birdsall

Corporate Communications

Investor Relations

301/998-8185

301/998-8265

jmstevenson@federalrealty.com

gbirdsall@federalrealty.com

SOURCE Federal Realty Investment Trust