ROCKVILLE, Md., Jan. 19 /PRNewswire-FirstCall/ -- Federal Realty Investment Trust (NYSE: FRT) released today the Federal income tax treatment for 2005 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:
CUSIP Record Payable Distribution
Date Date Per Share
313747206 01/03/05 01/17/05 $0.5050000
03/16/05 04/15/05 $0.5050000
06/23/05 07/15/05 $0.5550000
09/23/05 10/14/05 $0.5550000
11/28/05 12/20/05 $0.2000000
2005 Totals $2.3200000
Distribution Type
Taxable Qualified Capital Unrecaptured
Ordinary Dividend Gain Sec. 1250
Dividend Dividend Gain
$0.3686500 $0.0202000 $0.1363500 $0.0252500
$0.3686500 $0.0202000 $0.1363500 $0.0252500
$0.4051500 $0.0222000 $0.1498500 $0.0277500
$0.4051500 $0.0222000 $0.1498500 $0.0277500
$0.1460000 $0.0080000 $0.0540000 $0.0100000
2005 Totals $1.6936000 $0.0928000 $0.6264000 $0.1160000
The characterization of distributions on our Series B Cumulative Redeemable Preferred Shares traded under the ticker symbol FRTprB is as follows:
CUSIP Record Payable Distribution
Date Date Per Share
313747503 01/17/05 01/31/05 $0.5312500
04/15/05 04/29/05 $0.5312500
07/15/05 07/29/05 $0.5312500
10/14/05 10/31/05 $0.5312500
2005 Totals $2.1250000
Distribution Type
Taxable Qualified Capital Unrecaptured
Ordinary Dividend Gain Sec. 1250
Dividend Dividend Gain
$0.3878125 $0.0212500 $0.1434375 $0.0265625
$0.3878125 $0.0212500 $0.1434375 $0.0265625
$0.3878125 $0.0212500 $0.1434375 $0.0265625
$0.3878125 $0.0212500 $0.1434375 $0.0265625
2005 Totals $1.5512500 $0.0850000 $0.5737500 $0.1062500
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 assets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 17.5 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 0.5 million 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 95.5% leased to national, regional, and local retailers as of September 30, 2005, with no single tenant accounting for more than 2.2% 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 38 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
CONTACT: Andrew Blocher, Vice President, Capital Markets & Investor Relations, 1-301-998-8166, ablocher@federalrealty.com, or Suzanne O'Neill, Manager, Investor Relations, 1-301-998-8358, soneill@federalrealty.com, both of Federal Realty Investment Trust
