Federal Realty Investment Trust Announces Year-End and Fourth Quarter 2004 Earnings Release Date and Conference Call Information

ROCKVILLE, Md.--(BUSINESS WIRE)--Jan. 11, 2005--Federal Realty Investment Trust (NYSE:FRT) will announce year-end and fourth quarter 2004 earnings in a press release to be issued on Wednesday, February 16, 2005.

The Conference Call for year-end and fourth quarter 2004 earnings will take place on Thursday, February 17, 2005, at 11 a.m. Eastern Standard Time. Conference Call access information is as follows:

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

A telephonic replay of the Conference Call will be available for 28 days beginning at 4 p.m. EST on Thursday, February 17, through Thursday, March 17, 2005. Replay access information is as follows:

Toll Free Number: (800) 679-9654

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 30 days following the Conference Call.

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, Rockville
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