ROCKVILLE, Md., Jan. 16 /PRNewswire-FirstCall/ -- Federal Realty Investment Trust (NYSE: FRT) released today the Federal income tax treatment for 2006 distributions to holders of its Common Shares of Beneficial Interest (NYSE: FRT) and Series B Cumulative Redeemable Preferred Shares (NYSE: FRTprB).
(Logo: http://www.newscom.com/cgi-bin/prnh/20050907/DCW070LOGO )
The characterization of distributions on our common shares traded under the ticker symbol FRT is as follows:
CUSIP
313747206
Distribution Type
Record Payable Distribution Taxable Qualified Nontaxable
Date Date Per Share Ordinary Dividend Distributions
Dividend
01/03/06 01/16/06 $0.555000000 $0.427350000 $0.014957250 $0.127650000
03/14/06 03/30/06 $0.200000000 $0.154000000 $0.005390000 $0.046000000
03/14/06 04/17/06 $0.555000000 $0.427350000 $0.014957250 $0.127650000
06/23/06 07/17/06 $0.555000000 $0.427350000 $0.014957250 $0.127650000
09/22/06 10/16/06 $0.575000000 $0.442750000 $0.015496250 $0.132250000
2006 Totals $2.440000000 $1.878800000 $0.065758000 $0.561200000
On November 27, 2006 we redeemed the Series B Cumulative Redeemable Preferred Shares in their entirety. The characterization of distributions on our shares traded under the ticker symbol FRTprB is as follows:
CUSIP
313747503
Distribution Type
Record Payable Distribution Taxable Qualified Nontaxable
Date Date Per Share Ordinary Dividend Distributions
Dividend
01/16/06 01/31/06 $0.531250000 $0.531250000 $0.018593750 $0.000000000
04/17/06 04/28/06 $0.531250000 $0.531250000 $0.018593750 $0.000000000
07/17/06 07/31/06 $0.531250000 $0.531250000 $0.018593750 $0.000000000
10/16/06 10/31/06 $0.531250000 $0.531250000 $0.018593750 $0.000000000
11/27/06 11/27/06 $0.159375000 $0.159375000 $0.005578125 $0.000000000
2006 Totals $2.284375000 $2.284375000 $0.079953125 $0.000000000
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 Gina Birdsall, Investor Relations, at (301) 998-8265.
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 strategic metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 0.7 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 97.3% leased to national, regional, and local retailers as of September 30, 2006, with no single tenant accounting for more than approximately 2.5% 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 39 consecutive years, the longest record in the REIT industry. Shares of Federal Realty are traded on the NYSE under the symbol FRT.
Investor and Media Inquiries
Andrew Blocher Vikki Kayne
Vice President, Vice President,
Capital Markets & Marketing and Corporate
Investor Relations Communications
301/998-8166 301/998-8178
ablocher@federalrealty.com vkayne@federalrealty.com
SOURCE Federal Realty Investment Trust
CONTACT: Andrew Blocher, Vice President, Capital Markets & Investor
Relations, +1-301-998-8166, ablocher@federalrealty.com, or Vikki Kayne, Vice
President, Marketing and Corporate Communications, +1-301-998-8178,
vkayne@federalrealty.com, both of Federal Realty Investment Trust
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Web site: http://www.federalrealty.com
