Document
This amendment No. 1 to the Current Report on Form 8-K amends Exhibit 99.1 furnished on May 6, 2020 solely to correct the row label in the "Year" column in the chart "Lease Expirations" on page 25. No other changes have been made to original Form 8-K. true0000034903 0000034903 2020-05-06 2020-05-06 0000034903 frt:CommonSharesOfBeneficialInterestMember 2020-05-06 2020-05-06 0000034903 frt:DepositorySharesMember 2020-05-06 2020-05-06


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 6, 2020
 
Federal Realty Investment Trust
(Exact name of registrant as specified in its charter)
 
Maryland
 
1-07533
 
52-0782497
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
 
1626 East Jefferson Street,
Rockville,
Maryland
 
20852-4041
 
 
(Address of principal executive offices)
 
(Zip Code)
 
Registrant's telephone number including area code: 301/998-8100
 
Title of Each Class
Trading Symbol
Name of Each Exchange On Which Registered
Common Shares of Beneficial Interest
FRT
New York Stock Exchange
$.01 par value per share, with associated Common Share Purchase Rights
 
 
 
 
 
Depositary Shares, each representing 1/1000 of a share
FRT-C
New York Stock Exchange
of 5.00% Series C Cumulative Redeemable Preferred Stock, $.01 par value per share
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Emerging growth company
If an emerging growth company, indicate by checkmark if the registrant has elected not use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.






Explanatory Note

This amendment No. 1 to the Current Report on Form 8-K amends Exhibit 99.1 furnished on May 6, 2020 solely to correct the row label in the "Year" column in the chart "Lease Expirations" on page 25. No other changes have been made to original Form 8-K. The information in the following chart replaces in its entirety the comparable chart in the exhibit furnished on May 6, 2020.

Item 2.02.     Results of Operations and Financial Condition
Lease Expirations
March 31, 2020
 
 
 
 
 
 
 
 
 
 
 
 
Assumes no exercise of lease options
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Anchor Tenants (1)
 
Small Shop Tenants
 
Total
Year
 Expiring SF
 % of Anchor SF
 Minimum Rent PSF (2)
 
 Expiring SF
 % of Small Shop SF
 Minimum Rent PSF (2)
 
 Expiring SF (4)
 % of Total SF
 Minimum Rent PSF (2)
2020
595,000

4
%
$
17.52

 
537,000

8
%
$
35.96

 
1,131,000

5
%
$
26.27

2021
1,419,000

10
%
$
19.86

 
844,000

12
%
$
44.53

 
2,264,000

10
%
$
29.07

2022
1,970,000

13
%
$
17.92

 
974,000

14
%
$
43.70

 
2,944,000

13
%
$
26.45

2023
1,524,000

10
%
$
21.58

 
903,000

13
%
$
46.25

 
2,427,000

11
%
$
30.76

2024
2,403,000

16
%
$
18.48

 
915,000

13
%
$
46.54

 
3,318,000

15
%
$
26.21

2025
1,517,000

10
%
$
21.64

 
779,000

11
%
$
43.03

 
2,296,000

10
%
$
28.89

2026
813,000

5
%
$
21.87

 
427,000

6
%
$
50.21

 
1,241,000

6
%
$
31.64

2027
832,000

6
%
$
34.40

 
483,000

7
%
$
47.67

 
1,315,000

6
%
$
39.28

2028
791,000

5
%
$
22.94

 
412,000

6
%
$
53.28

 
1,203,000

6
%
$
33.34

2029
932,000

6
%
$
25.54

 
389,000

5
%
$
45.76

 
1,321,000

6
%
$
31.49

Thereafter
2,252,000

15
%
$
25.54

 
353,000

5
%
$
46.47

 
2,604,000

12
%
$
28.37

Total (3)
15,048,000

100
%
$
21.92

 
7,016,000

100
%
$
45.32

 
22,064,000

100
%
$
29.36

 
 
 
 
 
 
 
 
 
 
 
 
Assumes all lease options are exercised
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Anchor Tenants (1)
 
Small Shop Tenants
 
Total
Year
 Expiring SF
 % of Anchor SF
 Minimum Rent PSF (2)
 
 Expiring SF
 % of Small Shop SF
 Minimum Rent PSF (2)
 
 Expiring SF (4)
 % of Total SF
 Minimum Rent PSF (2)
2020
351,000

2
%
$
20.09

 
508,000

7
%
$
35.59

 
859,000

4
%
$
29.26

2021
369,000

2
%
$
14.84

 
534,000

8
%
$
46.79

 
903,000

4
%
$
33.72

2022
254,000

2
%
$
22.42

 
583,000

8
%
$
43.02

 
837,000

4
%
$
36.77

2023
386,000

3
%
$
24.28

 
563,000

8
%
$
42.51

 
949,000

4
%
$
35.10

2024
581,000

4
%
$
22.78

 
456,000

6
%
$
45.68

 
1,036,000

5
%
$
32.85

2025
334,000

2
%
$
21.79

 
420,000

6
%
$
43.20

 
754,000

3
%
$
33.71

2026
537,000

4
%
$
23.51

 
354,000

5
%
$
46.88

 
891,000

4
%
$
32.80

2027
744,000

5
%
$
21.98

 
466,000

7
%
$
46.63

 
1,211,000

6
%
$
31.47

2028
626,000

4
%
$
18.64

 
414,000

6
%
$
49.87

 
1,040,000

5
%
$
31.07

2029
795,000

5
%
$
22.26

 
367,000

5
%
$
44.12

 
1,162,000

5
%
$
29.16

Thereafter
10,071,000

67
%
$
22.19

 
2,351,000

34
%
$
47.53

 
12,422,000

56
%
$
26.98

Total (3)
15,048,000

100
%
$
21.92

 
7,016,000

100
%
$
45.32

 
22,064,000

100
%
$
29.36

Notes:
 
(1)
Anchor is defined as a commercial tenant leasing 10,000 square feet or more.
(2)
Minimum Rent reflects in-place contractual (defined as cash-basis excluding rent abatements) rent as of March 31, 2020.
(3)
Represents occupied square footage of the commercial portion of our portfolio as of March 31, 2020.
(4)
Individual items may not add up to total due to rounding.

The foregoing information is being furnished under Item 2.02- Results of Operations and Financial Condition. This information shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchnage Act"), or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or under the Exchange Act, regardless of any general incorporation language in such filing.





    
SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



 
 
 
FEDERAL REALTY INVESTMENT TRUST
 
 
 
 
Date:
May 7, 2020
 
 /s/ Daniel Guglielmone
 
 
 
 
 
 
 
Daniel Guglielmone
 
 
 
Executive Vice President-
 
 
 
Chief Financial Officer and Treasurer






EXHIBIT INDEX

                        
Exhibit Number
 
Description
104
 
Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL Document