ROCKVILLE, Md., Jan. 17 /PRNewswire-FirstCall/ -- Federal Realty Investment Trust (NYSE: FRT) released today the Federal income tax treatment for 2007 distributions to holders of its Common Shares of Beneficial Interest (NYSE: FRT).

(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:

                   Record     Payable     Distribution
    CUSIP          Date       Date        Per Share
    313747206      1/2/2007  1/16/2007   $0.575000000
                  3/13/2007  4/16/2007   $0.575000000
                  6/22/2007  7/16/2007   $0.575000000
                  9/21/2007 10/15/2007   $0.610000000
                            2007 TOTALS  $2.335000000

                          Distribution Type
                   Taxable               Qualified        Capital
                   Ordinary              Dividend         Gains
                   Dividend
                  $0.546250000           $0.010925000     $0.028750000
                  $0.546250000           $0.010925000     $0.028750000
                  $0.546250000           $0.010925000     $0.028750000
                  $0.579500000           $0.011590000     $0.030500000
                  $2.218250000           $0.044365000     $0.116750000

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 18.2 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 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 96.4% leased to national, regional, and local retailers as of September 30, 2007, with no single tenant accounting for more than approximately 2.9% 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 40 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
    Senior 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
    -0-                             01/17/2008
    /CONTACT:  Andrew Blocher, Senior Vice President, Capital Markets &
Investor Relations, +1-301-998-8166, ablocher@federalrealty.com /
    /Photo:  NewsCom:  http://www.newscom.com/cgi-bin/prnh/20050907/DCW070LOGO
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    /Web site:  http://www.federalrealty.com /
    (FRT)

CO:  Federal Realty Investment Trust
ST:  Maryland
IN:  FIN RLT REA
SU:

FK-SB
-- NETH028 --
8467 01/17/2008 01:07 EST http://www.prnewswire.com