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    <link:label id="lab_us-gaap_TenantReimbursements_F447F8066B94DB8E6BAC55DE63C9441C_terseLabel_en-US" xlink:label="lab_us-gaap_TenantReimbursements_488AB3E4B93F536AA7B1042E4354288B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost reimbursement</link:label>
    <link:label id="lab_us-gaap_TenantReimbursements_F447F8066B94DB8E6BAC55DE63C9441C_label_en-US" xlink:label="lab_us-gaap_TenantReimbursements_488AB3E4B93F536AA7B1042E4354288B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tenant Reimbursements</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TenantReimbursements" xlink:label="loc_us-gaap_TenantReimbursements_488AB3E4B93F536AA7B1042E4354288B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TenantReimbursements_488AB3E4B93F536AA7B1042E4354288B" xlink:to="lab_us-gaap_TenantReimbursements_488AB3E4B93F536AA7B1042E4354288B" xlink:type="arc" />
    <link:label id="lab_us-gaap_PercentageRent_505DA012A0E17498C40455DE63C9DC0B_terseLabel_en-US" xlink:label="lab_us-gaap_PercentageRent_F13B48454EF65E6695F0409AA9D38699" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage rent</link:label>
    <link:label id="lab_us-gaap_PercentageRent_505DA012A0E17498C40455DE63C9DC0B_label_en-US" xlink:label="lab_us-gaap_PercentageRent_F13B48454EF65E6695F0409AA9D38699" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Income Statement, Percentage Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PercentageRent" xlink:label="loc_us-gaap_PercentageRent_F13B48454EF65E6695F0409AA9D38699" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PercentageRent_F13B48454EF65E6695F0409AA9D38699" xlink:to="lab_us-gaap_PercentageRent_F13B48454EF65E6695F0409AA9D38699" xlink:type="arc" />
    <link:label id="lab_frt_OtherRentalIncome_EF937C2706BF143AA59E55DE63C95BE4_terseLabel_en-US" xlink:label="lab_frt_OtherRentalIncome_DC0CB72F6BFE5B1C983912813A61DE6D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_frt_OtherRentalIncome_EF937C2706BF143AA59E55DE63C95BE4_label_en-US" xlink:label="lab_frt_OtherRentalIncome_DC0CB72F6BFE5B1C983912813A61DE6D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Rental Income</link:label>
    <link:label id="lab_frt_OtherRentalIncome_EF937C2706BF143AA59E55DE63C95BE4_documentation_en-US" xlink:label="lab_frt_OtherRentalIncome_DC0CB72F6BFE5B1C983912813A61DE6D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents other rental revenue earned during the period.</link:label>
    <link:loc xlink:href="frt-20160930.xsd#frt_OtherRentalIncome" xlink:label="loc_frt_OtherRentalIncome_DC0CB72F6BFE5B1C983912813A61DE6D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_OtherRentalIncome_DC0CB72F6BFE5B1C983912813A61DE6D" xlink:to="lab_frt_OtherRentalIncome_DC0CB72F6BFE5B1C983912813A61DE6D" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_8A9EA0EBD5CCCE4BF4A155DF23981120_verboseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_01181E11E7C75F6ABDB94C85BB900E3F" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total rental income</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_8A9EA0EBD5CCCE4BF4A155DF23981120_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_01181E11E7C75F6ABDB94C85BB900E3F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Income Statement, Lease Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:label="loc_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_01181E11E7C75F6ABDB94C85BB900E3F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_01181E11E7C75F6ABDB94C85BB900E3F" xlink:to="lab_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_01181E11E7C75F6ABDB94C85BB900E3F" xlink:type="arc" />
    <link:label id="lab_us-gaap_SubsequentEventsTextBlock_4F52E977259BE1F8B2850F2B91DC3FF9_terseLabel_en-US" xlink:label="lab_us-gaap_SubsequentEventsTextBlock_EA18C86AA5415A158A6888BF4BA01190" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUBSEQUENT EVENTS</link:label>
    <link:label id="lab_us-gaap_SubsequentEventsTextBlock_4F52E977259BE1F8B2850F2B91DC3FF9_label_en-US" xlink:label="lab_us-gaap_SubsequentEventsTextBlock_EA18C86AA5415A158A6888BF4BA01190" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Events [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="loc_us-gaap_SubsequentEventsTextBlock_EA18C86AA5415A158A6888BF4BA01190" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsequentEventsTextBlock_EA18C86AA5415A158A6888BF4BA01190" xlink:to="lab_us-gaap_SubsequentEventsTextBlock_EA18C86AA5415A158A6888BF4BA01190" xlink:type="arc" />
    <link:label id="lab_us-gaap_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882" xlink:to="lab_us-gaap_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementTable_E88E27634B86C6A32AC7FE9BC0514743_terseLabel_en-US" xlink:label="lab_us-gaap_StatementTable_E88E27634B86C6A32AC7FE9BC0514743" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement [Table]</link:label>
    <link:label id="lab_us-gaap_StatementTable_E88E27634B86C6A32AC7FE9BC0514743_label_en-US" xlink:label="lab_us-gaap_StatementTable_E88E27634B86C6A32AC7FE9BC0514743" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_E88E27634B86C6A32AC7FE9BC0514743" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementTable_E88E27634B86C6A32AC7FE9BC0514743" xlink:to="lab_us-gaap_StatementTable_E88E27634B86C6A32AC7FE9BC0514743" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementScenarioAxis_BCD749D0F089E311A00CFE9BC0510E96_terseLabel_en-US" xlink:label="lab_us-gaap_StatementScenarioAxis_BCD749D0F089E311A00CFE9BC0510E96" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementScenarioAxis_BCD749D0F089E311A00CFE9BC0510E96_label_en-US" xlink:label="lab_us-gaap_StatementScenarioAxis_BCD749D0F089E311A00CFE9BC0510E96" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_BCD749D0F089E311A00CFE9BC0510E96" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementScenarioAxis_BCD749D0F089E311A00CFE9BC0510E96" xlink:to="lab_us-gaap_StatementScenarioAxis_BCD749D0F089E311A00CFE9BC0510E96" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScenarioUnspecifiedDomain_DD5D28C514C865554A4BFE9BC0514015_terseLabel_en-US" xlink:label="lab_us-gaap_ScenarioUnspecifiedDomain_DD5D28C514C865554A4BFE9BC0514015" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scenario, Unspecified [Domain]</link:label>
    <link:label id="lab_us-gaap_ScenarioUnspecifiedDomain_DD5D28C514C865554A4BFE9BC0514015_label_en-US" xlink:label="lab_us-gaap_ScenarioUnspecifiedDomain_DD5D28C514C865554A4BFE9BC0514015" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario, Unspecified [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_DD5D28C514C865554A4BFE9BC0514015" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScenarioUnspecifiedDomain_DD5D28C514C865554A4BFE9BC0514015" xlink:to="lab_us-gaap_ScenarioUnspecifiedDomain_DD5D28C514C865554A4BFE9BC0514015" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementClassOfStockAxis_D5BB0018D213584B8131FE9BC0514A10_terseLabel_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis_D5BB0018D213584B8131FE9BC0514A10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementClassOfStockAxis_D5BB0018D213584B8131FE9BC0514A10_label_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis_D5BB0018D213584B8131FE9BC0514A10" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_D5BB0018D213584B8131FE9BC0514A10" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementClassOfStockAxis_D5BB0018D213584B8131FE9BC0514A10" xlink:to="lab_us-gaap_StatementClassOfStockAxis_D5BB0018D213584B8131FE9BC0514A10" xlink:type="arc" />
    <link:label id="lab_us-gaap_ClassOfStockDomain_40819851268086506114FE9BC05101AA_terseLabel_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain_40819851268086506114FE9BC05101AA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:label id="lab_us-gaap_ClassOfStockDomain_40819851268086506114FE9BC05101AA_label_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain_40819851268086506114FE9BC05101AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_40819851268086506114FE9BC05101AA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassOfStockDomain_40819851268086506114FE9BC05101AA" xlink:to="lab_us-gaap_ClassOfStockDomain_40819851268086506114FE9BC05101AA" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_0E0A233821C908910661FE9BC0523E14_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_0E0A233821C908910661FE9BC0523E14" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">INCOME FROM CONTINUING OPERATIONS</link:label>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_0E0A233821C908910661FE9BC0523E14_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_0E0A233821C908910661FE9BC0523E14" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_0E0A233821C908910661FE9BC0523E14" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_0E0A233821C908910661FE9BC0523E14" xlink:to="lab_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_0E0A233821C908910661FE9BC0523E14" xlink:type="arc" />
    <link:label id="lab_us-gaap_PreferredStockDividendsIncomeStatementImpact_23FD43B3286DE6B8D0BEFE9BC052B557_negatedLabel_en-US" xlink:label="lab_us-gaap_PreferredStockDividendsIncomeStatementImpact_23FD43B3286DE6B8D0BEFE9BC052B557" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Preferred share dividends</link:label>
    <link:label id="lab_us-gaap_PreferredStockDividendsIncomeStatementImpact_23FD43B3286DE6B8D0BEFE9BC052B557_label_en-US" xlink:label="lab_us-gaap_PreferredStockDividendsIncomeStatementImpact_23FD43B3286DE6B8D0BEFE9BC052B557" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock Dividends, Income Statement Impact</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_23FD43B3286DE6B8D0BEFE9BC052B557" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_23FD43B3286DE6B8D0BEFE9BC052B557" xlink:to="lab_us-gaap_PreferredStockDividendsIncomeStatementImpact_23FD43B3286DE6B8D0BEFE9BC052B557" xlink:type="arc" />
    <link:label id="lab_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_65F8F72613A039035FDDFE9BC0570700_terseLabel_en-US" xlink:label="lab_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_65F8F72613A039035FDDFE9BC0570700" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: Net income attributable to noncontrolling interests</link:label>
    <link:label id="lab_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_65F8F72613A039035FDDFE9BC0570700_label_en-US" xlink:label="lab_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_65F8F72613A039035FDDFE9BC0570700" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income attributable to noncontrolling interests, net of amounts from gain on real estate</link:label>
    <link:label id="lab_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_65F8F72613A039035FDDFE9BC0570700_documentation_en-US" xlink:label="lab_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_65F8F72613A039035FDDFE9BC0570700" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net income attributable to noncontrolling interests, net of amounts from gain on real estate</link:label>
    <link:loc xlink:href="frt-20160930.xsd#frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate" xlink:label="loc_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_65F8F72613A039035FDDFE9BC0570700" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_65F8F72613A039035FDDFE9BC0570700" xlink:to="lab_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_65F8F72613A039035FDDFE9BC0570700" xlink:type="arc" />
    <link:label id="lab_frt_EarningsAllocatedToUnvestedShares_04E3D4A527C0340FC1B1FE9BC0573528_negatedLabel_en-US" xlink:label="lab_frt_EarningsAllocatedToUnvestedShares_04E3D4A527C0340FC1B1FE9BC0573528" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Earnings allocated to unvested shares</link:label>
    <link:label id="lab_frt_EarningsAllocatedToUnvestedShares_04E3D4A527C0340FC1B1FE9BC0573528_label_en-US" xlink:label="lab_frt_EarningsAllocatedToUnvestedShares_04E3D4A527C0340FC1B1FE9BC0573528" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Allocated To Unvested Shares</link:label>
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    <link:label id="lab_frt_Percentageofnoncontrollinginterestacquired_A0B75C4A9AE1FDC9A5BC1B219AB170A6_documentation_en-US" xlink:label="lab_frt_Percentageofnoncontrollinginterestacquired_A0B75C4A9AE1FDC9A5BC1B219AB170A6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of noncontrolling interest acquired</link:label>
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    <link:label id="lab_frt_Ownershipinterest_7C9A20395AF0B78F162A1B219AB1EA1C_terseLabel_en-US" xlink:label="lab_frt_Ownershipinterest_7C9A20395AF0B78F162A1B219AB1EA1C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effective Interest Acquisition</link:label>
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    <link:label id="lab_frt_Ownershipinterest_7C9A20395AF0B78F162A1B219AB1EA1C_documentation_en-US" xlink:label="lab_frt_Ownershipinterest_7C9A20395AF0B78F162A1B219AB1EA1C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ownership interest in property</link:label>
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    <link:label id="lab_us-gaap_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD_label_en-US" xlink:label="lab_us-gaap_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement [Abstract]</link:label>
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    <link:label id="lab_us-gaap_RevenuesAbstract_E4B0C52CB5515D08AB0E02990BE294BD_terseLabel_en-US" xlink:label="lab_us-gaap_RevenuesAbstract_E4B0C52CB5515D08AB0E02990BE294BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">REVENUE</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_C2463FDDC55E9AE2970102990BE85B56_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_C2463FDDC55E9AE2970102990BE85B56" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rental income</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:label="loc_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_C2463FDDC55E9AE2970102990BE85B56" xlink:type="locator" />
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    <link:label id="lab_frt_RevenueMortgageInterest_F7E8314A1A97631D63BB02990BE8DD60_documentation_en-US" xlink:label="lab_frt_RevenueMortgageInterest_F7E8314A1A97631D63BB02990BE8DD60" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest income earned from mortgage notes receivable.</link:label>
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    <link:label id="lab_frt_ShareBasedCompensationExpenseNetValue_3AACA7E6BDD0F60CC17002990B9FB062_verboseLabel_en-US" xlink:label="lab_frt_ShareBasedCompensationExpenseNetValue_3AACA7E6BDD0F60CC17002990B9FB062" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Share-based compensation expense, net of forfeitures</link:label>
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    <link:label id="lab_frt_ShareBasedCompensationExpenseNetValue_3AACA7E6BDD0F60CC17002990B9FB062_documentation_en-US" xlink:label="lab_frt_ShareBasedCompensationExpenseNetValue_3AACA7E6BDD0F60CC17002990B9FB062" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the amount of recognized equity-based compensation related to other long-term incentive and bonus plans during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized).</link:label>
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    <link:label id="lab_us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation_1D7DF7C608AC860CA72402990B9F043A_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation_1D7DF7C608AC860CA72402990B9F043A" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Shares withheld for employee taxes (in shares)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityOther" xlink:label="loc_us-gaap_StockholdersEquityOther_A270C779BA859BDAA56602990BA017A8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SharesOutstanding_6DC78732134DE129493102990BA08C75_periodEndLabel_en-US" xlink:label="lab_us-gaap_SharesOutstanding_6DC78732134DE129493102990BA08C75" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance (in shares)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="loc_us-gaap_SharesOutstanding_6DC78732134DE129493102990BA08C75" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_D84FFBC171BF665A5AB202990BA1911C" xlink:type="locator" />
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    <link:label id="lab_frt_MortgagesPayableAndNotesPayableMember_17F7C20322658640216812CFC2F3167B_terseLabel_en-US" xlink:label="lab_frt_MortgagesPayableAndNotesPayableMember_2F16018EC4DD586683D89AC8678BEA38" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgages Payable And Notes Payable</link:label>
    <link:label id="lab_frt_MortgagesPayableAndNotesPayableMember_17F7C20322658640216812CFC2F3167B_label_en-US" xlink:label="lab_frt_MortgagesPayableAndNotesPayableMember_2F16018EC4DD586683D89AC8678BEA38" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgages Payable And Notes Payable [Member]</link:label>
    <link:label id="lab_frt_MortgagesPayableAndNotesPayableMember_17F7C20322658640216812CFC2F3167B_documentation_en-US" xlink:label="lab_frt_MortgagesPayableAndNotesPayableMember_2F16018EC4DD586683D89AC8678BEA38" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgages Payable And Notes Payable [Member]</link:label>
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    <link:label id="lab_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestate_BEF70C8430825A414A3918699DFD60C1_negatedLabel_en-US" xlink:label="lab_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestate_BEF70C8430825A414A3918699DFD60C1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of real estate and change in control of interests</link:label>
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    <link:label id="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_9EA7CF8C35E25A653F3A18699DFDAAB8_negatedLabel_en-US" xlink:label="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_9EA7CF8C35E25A653F3A18699DFDAAB8" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Early extinguishment of debt</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_39CDC1C5676561F078CB18699DFDE818_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_39CDC1C5676561F078CB18699DFDE818" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireRealEstate_99327C9E5E35BA8E28DD18699DFD8AEA_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireRealEstate_99327C9E5E35BA8E28DD18699DFD8AEA" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of real estate</link:label>
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    <link:label id="lab_frt_CapitalExpendituresDevelopmentRedevelopment_61DE493859E873281D0B18699DFDD6C6_negatedLabel_en-US" xlink:label="lab_frt_CapitalExpendituresDevelopmentRedevelopment_61DE493859E873281D0B18699DFDD6C6" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Capital expenditures - development and redevelopment</link:label>
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    <link:label id="lab_us-gaap_PaymentsForCapitalImprovements_F91C8D9A9B5167C5E9FD18699DFDC4F7_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForCapitalImprovements_F91C8D9A9B5167C5E9FD18699DFDC4F7" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Capital expenditures - other</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_4B8EC600F322FF955A5518699DFDDD69_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_4B8EC600F322FF955A5518699DFDDD69" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of real estate</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_9B6F45CA95ED2DCADFB218699DFD3163_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_9B6F45CA95ED2DCADFB218699DFD3163" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Investment in real estate partnerships</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_485CFDAECBAE841EB0D918699DFD2A5B_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_485CFDAECBAE841EB0D918699DFD2A5B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net repayments under revolving credit facility, net of costs</link:label>
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