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    <link:label id="lab_frt_A5417Series1CumulativeConvertiblePreferredMember_B20D716F99C01C90FEBFB6CB242AD6F8_label_en-US" xlink:label="lab_frt_A5417Series1CumulativeConvertiblePreferredMember_B20D716F99C01C90FEBFB6CB242AD6F8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">5.417% Series 1 Cumulative Convertible Preferred [Member]</link:label>
    <link:label id="lab_frt_A5417Series1CumulativeConvertiblePreferredMember_B20D716F99C01C90FEBFB6CB242AD6F8_documentation_en-US" xlink:label="lab_frt_A5417Series1CumulativeConvertiblePreferredMember_B20D716F99C01C90FEBFB6CB242AD6F8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Five point Four One Seven Percentage Series One Cumulative Convertible Preferred Stock [Member]</link:label>
    <link:loc xlink:href="frt-20200630.xsd#frt_A5417Series1CumulativeConvertiblePreferredMember" xlink:label="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_B20D716F99C01C90FEBFB6CB242AD6F8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StatementLineItems_4B72C67113EA2D830C90B6CB242A3333_terseLabel_en-US" xlink:label="lab_us-gaap_StatementLineItems_4B72C67113EA2D830C90B6CB242A3333" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:label id="lab_us-gaap_StatementLineItems_4B72C67113EA2D830C90B6CB242A3333_label_en-US" xlink:label="lab_us-gaap_StatementLineItems_4B72C67113EA2D830C90B6CB242A3333" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_4B72C67113EA2D830C90B6CB242A3333" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetsAbstract_65AD12FE610DC71F0B15B6CB242B56CF_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract_65AD12FE610DC71F0B15B6CB242B56CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ASSETS</link:label>
    <link:label id="lab_us-gaap_AssetsAbstract_65AD12FE610DC71F0B15B6CB242B56CF_label_en-US" xlink:label="lab_us-gaap_AssetsAbstract_65AD12FE610DC71F0B15B6CB242B56CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_65AD12FE610DC71F0B15B6CB242B56CF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RentalProperties_067C517CB74E00FF1ACBB6CB242B1CB1_terseLabel_en-US" xlink:label="lab_us-gaap_RentalProperties_067C517CB74E00FF1ACBB6CB242B1CB1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating (including $1,754,540 and $1,676,866 of consolidated variable interest entities, respectively)</link:label>
    <link:label id="lab_us-gaap_RentalProperties_067C517CB74E00FF1ACBB6CB242B1CB1_label_en-US" xlink:label="lab_us-gaap_RentalProperties_067C517CB74E00FF1ACBB6CB242B1CB1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rental Properties</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RentalProperties" xlink:label="loc_us-gaap_RentalProperties_067C517CB74E00FF1ACBB6CB242B1CB1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RentalProperties_067C517CB74E00FF1ACBB6CB242B1CB1" xlink:to="lab_us-gaap_RentalProperties_067C517CB74E00FF1ACBB6CB242B1CB1" xlink:type="arc" />
    <link:label id="lab_us-gaap_ConstructionInProgressGross_51416B8419756F16C05FB6CB242BBAEE_terseLabel_en-US" xlink:label="lab_us-gaap_ConstructionInProgressGross_51416B8419756F16C05FB6CB242BBAEE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Construction-in-progress (including $93,067 and $102,583 of consolidated variable interest entities, respectively)</link:label>
    <link:label id="lab_us-gaap_ConstructionInProgressGross_51416B8419756F16C05FB6CB242BBAEE_label_en-US" xlink:label="lab_us-gaap_ConstructionInProgressGross_51416B8419756F16C05FB6CB242BBAEE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Construction in Progress, Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:label="loc_us-gaap_ConstructionInProgressGross_51416B8419756F16C05FB6CB242BBAEE" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RealEstateHeldforsale_A32EE7F9D171AB9E2F6AB6CB242CD885_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateHeldforsale_A32EE7F9D171AB9E2F6AB6CB242CD885" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets held for sale</link:label>
    <link:label id="lab_us-gaap_RealEstateHeldforsale_A32EE7F9D171AB9E2F6AB6CB242CD885_label_en-US" xlink:label="lab_us-gaap_RealEstateHeldforsale_A32EE7F9D171AB9E2F6AB6CB242CD885" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateHeldforsale" xlink:label="loc_us-gaap_RealEstateHeldforsale_A32EE7F9D171AB9E2F6AB6CB242CD885" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateHeldforsale_A32EE7F9D171AB9E2F6AB6CB242CD885" xlink:to="lab_us-gaap_RealEstateHeldforsale_A32EE7F9D171AB9E2F6AB6CB242CD885" xlink:type="arc" />
    <link:label id="lab_us-gaap_RealEstateInvestmentPropertyAtCost_1A78CBCF4880816A6E71B6CB242C798B_totalLabel_en-US" xlink:label="lab_us-gaap_RealEstateInvestmentPropertyAtCost_1A78CBCF4880816A6E71B6CB242C798B" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Real estate, at cost, total</link:label>
    <link:label id="lab_us-gaap_RealEstateInvestmentPropertyAtCost_1A78CBCF4880816A6E71B6CB242C798B_label_en-US" xlink:label="lab_us-gaap_RealEstateInvestmentPropertyAtCost_1A78CBCF4880816A6E71B6CB242C798B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Investment Property, at Cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAtCost_1A78CBCF4880816A6E71B6CB242C798B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateInvestmentPropertyAtCost_1A78CBCF4880816A6E71B6CB242C798B" xlink:to="lab_us-gaap_RealEstateInvestmentPropertyAtCost_1A78CBCF4880816A6E71B6CB242C798B" xlink:type="arc" />
    <link:label id="lab_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_6D6759D27828A32BE1C7B6CB242C45A1_negatedLabel_en-US" xlink:label="lab_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_6D6759D27828A32BE1C7B6CB242C45A1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less accumulated depreciation and amortization (including $317,925 and $296,165 of consolidated variable interest entities, respectively)</link:label>
    <link:label id="lab_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_6D6759D27828A32BE1C7B6CB242C45A1_label_en-US" xlink:label="lab_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_6D6759D27828A32BE1C7B6CB242C45A1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Investment Property, Accumulated Depreciation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_6D6759D27828A32BE1C7B6CB242C45A1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_6D6759D27828A32BE1C7B6CB242C45A1" xlink:to="lab_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_6D6759D27828A32BE1C7B6CB242C45A1" xlink:type="arc" />
    <link:label id="lab_us-gaap_RealEstateInvestmentPropertyNet_EFA522E68EA47B9828CFB6CB242CC388_totalLabel_en-US" xlink:label="lab_us-gaap_RealEstateInvestmentPropertyNet_EFA522E68EA47B9828CFB6CB242CC388" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net real estate</link:label>
    <link:label id="lab_us-gaap_RealEstateInvestmentPropertyNet_EFA522E68EA47B9828CFB6CB242CC388_label_en-US" xlink:label="lab_us-gaap_RealEstateInvestmentPropertyNet_EFA522E68EA47B9828CFB6CB242CC388" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Investment Property, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_EFA522E68EA47B9828CFB6CB242CC388" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateInvestmentPropertyNet_EFA522E68EA47B9828CFB6CB242CC388" xlink:to="lab_us-gaap_RealEstateInvestmentPropertyNet_EFA522E68EA47B9828CFB6CB242CC388" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_9C140DE00CBA73684C59B6CB242DFA79_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_9C140DE00CBA73684C59B6CB242DFA79" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_9C140DE00CBA73684C59B6CB242DFA79_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_9C140DE00CBA73684C59B6CB242DFA79" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_9C140DE00CBA73684C59B6CB242DFA79" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_9C140DE00CBA73684C59B6CB242DFA79" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_9C140DE00CBA73684C59B6CB242DFA79" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsAndNotesReceivableNet_49DEEC4C0EB95453C24FB6CB242DF9F1_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsAndNotesReceivableNet_49DEEC4C0EB95453C24FB6CB242DF9F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts and notes receivable, net</link:label>
    <link:label id="lab_us-gaap_AccountsAndNotesReceivableNet_49DEEC4C0EB95453C24FB6CB242DF9F1_label_en-US" xlink:label="lab_us-gaap_AccountsAndNotesReceivableNet_49DEEC4C0EB95453C24FB6CB242DF9F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts and Financing Receivable, after Allowance for Credit Loss</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsAndNotesReceivableNet" xlink:label="loc_us-gaap_AccountsAndNotesReceivableNet_49DEEC4C0EB95453C24FB6CB242DF9F1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsAndNotesReceivableNet_49DEEC4C0EB95453C24FB6CB242DF9F1" xlink:to="lab_us-gaap_AccountsAndNotesReceivableNet_49DEEC4C0EB95453C24FB6CB242DF9F1" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_D6B3D9BB2244BD344A64B6CB242D93EC_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_D6B3D9BB2244BD344A64B6CB242D93EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage notes receivable, net</link:label>
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_D6B3D9BB2244BD344A64B6CB242D93EC_label_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_D6B3D9BB2244BD344A64B6CB242D93EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loans on Real Estate, Commercial and Consumer, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_D6B3D9BB2244BD344A64B6CB242D93EC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_D6B3D9BB2244BD344A64B6CB242D93EC" xlink:to="lab_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_D6B3D9BB2244BD344A64B6CB242D93EC" xlink:type="arc" />
    <link:label id="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_EA968E2A2FAD344C1062B6CB242D721D_verboseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_EA968E2A2FAD344C1062B6CB242D721D" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investment in partnerships</link:label>
    <link:label id="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_EA968E2A2FAD344C1062B6CB242D721D_label_en-US" xlink:label="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_EA968E2A2FAD344C1062B6CB242D721D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_EA968E2A2FAD344C1062B6CB242D721D" xlink:to="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_EA968E2A2FAD344C1062B6CB242D721D" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeaseRightOfUseAsset_00EEC09C1602608F0270B6CB242DE4A7_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseRightOfUseAsset_00EEC09C1602608F0270B6CB242DE4A7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating lease right of use assets</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseRightOfUseAsset_00EEC09C1602608F0270B6CB242DE4A7_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseRightOfUseAsset_00EEC09C1602608F0270B6CB242DE4A7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Right-of-Use Asset</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_00EEC09C1602608F0270B6CB242DE4A7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAsset_556AF755C1D23F19B921B6CB242E482C_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAsset_556AF755C1D23F19B921B6CB242E482C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance lease right of use assets</link:label>
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    <link:label id="lab_us-gaap_LiabilitiesAbstract_EFC788C741C0A9E179A3B6CB242E4BC1_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_EFC788C741C0A9E179A3B6CB242E4BC1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities [Abstract]</link:label>
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    <link:label id="lab_us-gaap_SecuredDebt_5CCFFBB76A2EA45271C9B6CB242FC0C8_label_en-US" xlink:label="lab_us-gaap_SecuredDebt_5CCFFBB76A2EA45271C9B6CB242FC0C8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Secured Debt</link:label>
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    <link:label id="lab_us-gaap_NotesPayable_04241C18D583412CF919B6CB242F0E14_label_en-US" xlink:label="lab_us-gaap_NotesPayable_04241C18D583412CF919B6CB242F0E14" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Payable</link:label>
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    <link:label id="lab_us-gaap_UnsecuredDebt_6CEB914ADFEB2B18922FB6CB242F1959_label_en-US" xlink:label="lab_us-gaap_UnsecuredDebt_6CEB914ADFEB2B18922FB6CB242F1959" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Debt</link:label>
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    <link:label id="lab_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_56BBBD58C19BEF81199EB6CB242F8F90_label_en-US" xlink:label="lab_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_56BBBD58C19BEF81199EB6CB242F8F90" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable and Accrued Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_56BBBD58C19BEF81199EB6CB242F8F90" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DividendsPayableCurrentAndNoncurrent_855DC42EF74C944F8F6AB6CB2430A039_label_en-US" xlink:label="lab_us-gaap_DividendsPayableCurrentAndNoncurrent_855DC42EF74C944F8F6AB6CB2430A039" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Payable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_855DC42EF74C944F8F6AB6CB2430A039" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SecurityDepositLiability_7B487DB2CF3AC93F4033B6CB24307E0B_label_en-US" xlink:label="lab_us-gaap_SecurityDepositLiability_7B487DB2CF3AC93F4033B6CB24307E0B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Deposit Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecurityDepositLiability" xlink:label="loc_us-gaap_SecurityDepositLiability_7B487DB2CF3AC93F4033B6CB24307E0B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OperatingLeaseLiability_4740061E9AB8E24850A7B6CB2430F88C_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseLiability_4740061E9AB8E24850A7B6CB2430F88C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiability" xlink:label="loc_us-gaap_OperatingLeaseLiability_4740061E9AB8E24850A7B6CB2430F88C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinanceLeaseLiability_2BBA929F5DAE928AC395B6CB24308D24_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiability_2BBA929F5DAE928AC395B6CB24308D24" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability</link:label>
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    <link:label id="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_985BF049C6ACCCAD2CD4B78B8D5A3717_negatedLabel_en-US" xlink:label="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_985BF049C6ACCCAD2CD4B78B8D5A3717" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Distributions declared to noncontrolling interests</link:label>
    <link:label id="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_985BF049C6ACCCAD2CD4B78B8D5A3717_label_en-US" xlink:label="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_985BF049C6ACCCAD2CD4B78B8D5A3717" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_985BF049C6ACCCAD2CD4B78B8D5A3717" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_985BF049C6ACCCAD2CD4B78B8D5A3717" xlink:to="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_985BF049C6ACCCAD2CD4B78B8D5A3717" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues_DB1924156F22FBF45B13B78B8D5AC0BB_verboseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues_DB1924156F22FBF45B13B78B8D5AC0BB" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Shares issued (in shares)</link:label>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues_DB1924156F22FBF45B13B78B8D5AC0BB_label_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues_DB1924156F22FBF45B13B78B8D5AC0BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued During Period, Shares, New Issues</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_DB1924156F22FBF45B13B78B8D5AC0BB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_DB1924156F22FBF45B13B78B8D5AC0BB" xlink:to="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues_DB1924156F22FBF45B13B78B8D5AC0BB" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodValueNewIssues_2197845165B1D403F2FDB78B8D5AF817_terseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueNewIssues_2197845165B1D403F2FDB78B8D5AF817" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares issued</link:label>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodValueNewIssues_2197845165B1D403F2FDB78B8D5AF817_label_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueNewIssues_2197845165B1D403F2FDB78B8D5AF817" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued During Period, Value, New Issues</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_2197845165B1D403F2FDB78B8D5AF817" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_2197845165B1D403F2FDB78B8D5AF817" xlink:to="lab_us-gaap_StockIssuedDuringPeriodValueNewIssues_2197845165B1D403F2FDB78B8D5AF817" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_67F51075E6D9D791007EB78B8D5A48D3_terseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_67F51075E6D9D791007EB78B8D5A48D3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares issued under dividend reinvestment plan (in shares)</link:label>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_67F51075E6D9D791007EB78B8D5A48D3_label_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_67F51075E6D9D791007EB78B8D5A48D3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued During Period, Shares, Dividend Reinvestment Plan</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_67F51075E6D9D791007EB78B8D5A48D3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_67F51075E6D9D791007EB78B8D5A48D3" xlink:to="lab_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_67F51075E6D9D791007EB78B8D5A48D3" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_1BABCAFE080A64496221B78B8D5A48FF_terseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_1BABCAFE080A64496221B78B8D5A48FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares issued under dividend reinvestment plan</link:label>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_1BABCAFE080A64496221B78B8D5A48FF_label_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_1BABCAFE080A64496221B78B8D5A48FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued During Period, Value, Dividend Reinvestment Plan</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_1BABCAFE080A64496221B78B8D5A48FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_1BABCAFE080A64496221B78B8D5A48FF" xlink:to="lab_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_1BABCAFE080A64496221B78B8D5A48FF" xlink:type="arc" />
    <link:label id="lab_frt_ShareBasedCompensationExpenseNetShares_9B20B47F74A3E9659C98B78B8D5B117C_terseLabel_en-US" xlink:label="lab_frt_ShareBasedCompensationExpenseNetShares_9B20B47F74A3E9659C98B78B8D5B117C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based compensation expense, net of forfeitures (in shares)</link:label>
    <link:label id="lab_frt_ShareBasedCompensationExpenseNetShares_9B20B47F74A3E9659C98B78B8D5B117C_label_en-US" xlink:label="lab_frt_ShareBasedCompensationExpenseNetShares_9B20B47F74A3E9659C98B78B8D5B117C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Expense Net Shares</link:label>
    <link:label id="lab_frt_ShareBasedCompensationExpenseNetShares_9B20B47F74A3E9659C98B78B8D5B117C_documentation_en-US" xlink:label="lab_frt_ShareBasedCompensationExpenseNetShares_9B20B47F74A3E9659C98B78B8D5B117C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of shares issued during the period as a result of our long term incentive, bonus or other share based compensation plans, net of restricted share award forfeitures.</link:label>
    <link:loc xlink:href="frt-20200630.xsd#frt_ShareBasedCompensationExpenseNetShares" xlink:label="loc_frt_ShareBasedCompensationExpenseNetShares_9B20B47F74A3E9659C98B78B8D5B117C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_ShareBasedCompensationExpenseNetShares_9B20B47F74A3E9659C98B78B8D5B117C" xlink:to="lab_frt_ShareBasedCompensationExpenseNetShares_9B20B47F74A3E9659C98B78B8D5B117C" xlink:type="arc" />
    <link:label id="lab_frt_ShareBasedCompensationExpenseNetValue_19257D9E52146487841AB78B8D5BB947_verboseLabel_en-US" xlink:label="lab_frt_ShareBasedCompensationExpenseNetValue_19257D9E52146487841AB78B8D5BB947" 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>
    <link:label id="lab_frt_ShareBasedCompensationExpenseNetValue_19257D9E52146487841AB78B8D5BB947_label_en-US" xlink:label="lab_frt_ShareBasedCompensationExpenseNetValue_19257D9E52146487841AB78B8D5BB947" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Expense Net Value</link:label>
    <link:label id="lab_frt_ShareBasedCompensationExpenseNetValue_19257D9E52146487841AB78B8D5BB947_documentation_en-US" xlink:label="lab_frt_ShareBasedCompensationExpenseNetValue_19257D9E52146487841AB78B8D5BB947" 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>
    <link:loc xlink:href="frt-20200630.xsd#frt_ShareBasedCompensationExpenseNetValue" xlink:label="loc_frt_ShareBasedCompensationExpenseNetValue_19257D9E52146487841AB78B8D5BB947" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation_931D6A810A088AE5C2EDB78B8D5BE26D_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation_931D6A810A088AE5C2EDB78B8D5BE26D" 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>
    <link:label id="lab_us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation_931D6A810A088AE5C2EDB78B8D5BE26D_label_en-US" xlink:label="lab_us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation_931D6A810A088AE5C2EDB78B8D5BE26D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation" xlink:label="loc_us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation_931D6A810A088AE5C2EDB78B8D5BE26D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation_B8F8B67E6FF0E6EAB2D8B78B8D5B4EA3_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation_B8F8B67E6FF0E6EAB2D8B78B8D5B4EA3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Shares withheld for employee taxes</link:label>
    <link:label id="lab_us-gaap_AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation_B8F8B67E6FF0E6EAB2D8B78B8D5B4EA3_label_en-US" xlink:label="lab_us-gaap_AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation_B8F8B67E6FF0E6EAB2D8B78B8D5B4EA3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payment Arrangement, Decrease for Tax Withholding Obligation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:label="loc_us-gaap_AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation_B8F8B67E6FF0E6EAB2D8B78B8D5B4EA3" xlink:type="locator" />
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    <link:label id="lab_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_5342EAC52A1458F39846B78B8D5B8570_terseLabel_en-US" xlink:label="lab_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_5342EAC52A1458F39846B78B8D5B8570" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conversion and redemption of OP units (in Shares)</link:label>
    <link:label id="lab_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_5342EAC52A1458F39846B78B8D5B8570_label_en-US" xlink:label="lab_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_5342EAC52A1458F39846B78B8D5B8570" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Conversion and Redemption of Operating Partnership Units in Shares</link:label>
    <link:label id="lab_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_5342EAC52A1458F39846B78B8D5B8570_documentation_en-US" xlink:label="lab_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_5342EAC52A1458F39846B78B8D5B8570" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of shares issued during the period as a result of the conversion and redemption of operating partnership units into shares</link:label>
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    <link:label id="lab_frt_ConversionAndRedemptionOfOperatingPartnershipUnits_65967E36181F9C71F13CB78B8D5C963A_documentation_en-US" xlink:label="lab_frt_ConversionAndRedemptionOfOperatingPartnershipUnits_65967E36181F9C71F13CB78B8D5C963A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in noncontrolling interest as a result of redeeming, purchasing and/or converting to common stock the interests of Operating Partnership Units.</link:label>
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    <link:label id="lab_frt_Contributionsfromnoncontrollinginterests_5FF2269AE22ACB7C5AF3B78B8D5CDC44_terseLabel_en-US" xlink:label="lab_frt_Contributionsfromnoncontrollinginterests_5FF2269AE22ACB7C5AF3B78B8D5CDC44" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contributions from noncontrolling interests</link:label>
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    <link:label id="lab_frt_Contributionsfromnoncontrollinginterests_5FF2269AE22ACB7C5AF3B78B8D5CDC44_documentation_en-US" xlink:label="lab_frt_Contributionsfromnoncontrollinginterests_5FF2269AE22ACB7C5AF3B78B8D5CDC44" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Contributions from noncontrolling interests</link:label>
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    <link:label id="lab_us-gaap_StockholdersEquityOther_7CF905D5AE5850985747B78B8D5C4E17_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityOther_7CF905D5AE5850985747B78B8D5C4E17" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Adjustment to redeemable noncontrolling interests</link:label>
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    <link:label id="lab_us-gaap_ClassOfStockLineItems_382C769D0F2779C6A5C0A4C1B36C55ED_terseLabel_en-US" xlink:label="lab_us-gaap_ClassOfStockLineItems_382C769D0F2779C6A5C0A4C1B36C55ED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Line Items]</link:label>
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    <link:label id="lab_frt_AggregateOfferingPriceOfCommonShare_D06146754D16CA7DE53DA4C1B36C8E0A_terseLabel_en-US" xlink:label="lab_frt_AggregateOfferingPriceOfCommonShare_D06146754D16CA7DE53DA4C1B36C8E0A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregate offering price of common share</link:label>
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    <link:label id="lab_frt_RemainingCapacityToIssue_66A3475C1D17C9940302A4C1B36D4813_documentation_en-US" xlink:label="lab_frt_RemainingCapacityToIssue_66A3475C1D17C9940302A4C1B36D4813" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Remaining $ Capacity Of Shares To Issue</link:label>
    <link:loc xlink:href="frt-20200630.xsd#frt_RemainingCapacityToIssue" xlink:label="loc_frt_RemainingCapacityToIssue_66A3475C1D17C9940302A4C1B36D4813" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAssetAmortization_F48408DDB30C0AC2BB88A4CE0DB9DB0E_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAssetAmortization_F48408DDB30C0AC2BB88A4CE0DB9DB0E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Right-of-Use Asset, Amortization</link:label>
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    <link:label id="lab_us-gaap_FinanceLeaseInterestExpense_A790E40339B748195272A4CE0DB931BA_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseInterestExpense_A790E40339B748195272A4CE0DB931BA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Interest Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinanceLeaseInterestExpense" xlink:label="loc_us-gaap_FinanceLeaseInterestExpense_A790E40339B748195272A4CE0DB931BA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LeaseCost_04FF3DD60C5FD67B95C8A4CE0DBA1B90_totalLabel_en-US" xlink:label="lab_us-gaap_LeaseCost_04FF3DD60C5FD67B95C8A4CE0DBA1B90" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Lease Cost</link:label>
    <link:label id="lab_us-gaap_LeaseCost_04FF3DD60C5FD67B95C8A4CE0DBA1B90_label_en-US" xlink:label="lab_us-gaap_LeaseCost_04FF3DD60C5FD67B95C8A4CE0DBA1B90" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease, Cost</link:label>
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    <link:label id="lab_us-gaap_FinanceLeaseInterestPaymentOnLiability_1F7AF8090307830AA323A4CE0DBA8816_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseInterestPaymentOnLiability_1F7AF8090307830AA323A4CE0DBA8816" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating cash flows for finance leases</link:label>
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    <link:label id="lab_us-gaap_BusinessAcquisitionLineItems_C79A7633ACA1FA3800AEB4E2BCE77767_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionLineItems_C79A7633ACA1FA3800AEB4E2BCE77767" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant Acquisition and Dispositions</link:label>
    <link:label id="lab_us-gaap_BusinessAcquisitionLineItems_C79A7633ACA1FA3800AEB4E2BCE77767_label_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionLineItems_C79A7633ACA1FA3800AEB4E2BCE77767" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Acquisition [Line Items]</link:label>
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    <link:label id="lab_us-gaap_AreaOfRealEstateProperty_C66CBD32221AF7D230ADB4E2BCE899B5_terseLabel_en-US" xlink:label="lab_us-gaap_AreaOfRealEstateProperty_C66CBD32221AF7D230ADB4E2BCE899B5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Square footage of real estate property</link:label>
    <link:label id="lab_us-gaap_AreaOfRealEstateProperty_C66CBD32221AF7D230ADB4E2BCE899B5_label_en-US" xlink:label="lab_us-gaap_AreaOfRealEstateProperty_C66CBD32221AF7D230ADB4E2BCE899B5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Area of Real Estate Property</link:label>
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    <link:label id="lab_frt_DownREITpartnershipunitsissuedinacquisition_E6EF9EDFE32DBA00723DB4E2BCE8765F_terseLabel_en-US" xlink:label="lab_frt_DownREITpartnershipunitsissuedinacquisition_E6EF9EDFE32DBA00723DB4E2BCE8765F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DownREIT operating units issued to fund acquisition</link:label>
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    <link:label id="lab_frt_Salespriceofrealestate_7DA2F0C8D6E72EB207D8B4E2BCE952A4_terseLabel_en-US" xlink:label="lab_frt_Salespriceofrealestate_7DA2F0C8D6E72EB207D8B4E2BCE952A4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sales price of real estate</link:label>
    <link:label id="lab_frt_Salespriceofrealestate_7DA2F0C8D6E72EB207D8B4E2BCE952A4_label_en-US" xlink:label="lab_frt_Salespriceofrealestate_7DA2F0C8D6E72EB207D8B4E2BCE952A4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales price of real estate</link:label>
    <link:label id="lab_frt_Salespriceofrealestate_7DA2F0C8D6E72EB207D8B4E2BCE952A4_documentation_en-US" xlink:label="lab_frt_Salespriceofrealestate_7DA2F0C8D6E72EB207D8B4E2BCE952A4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The gross sales price of real estate sold.</link:label>
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    <link:label id="lab_us-gaap_GainLossOnSaleOfProperties_FADA598B401DE97CA62FB4E2BCEAE6AD_verboseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfProperties_FADA598B401DE97CA62FB4E2BCEAE6AD" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of property</link:label>
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    <link:label id="lab_us-gaap_DividendsDeclaredTableTextBlock_656E693588A1BB72B2B83935789A6C74_terseLabel_en-US" xlink:label="lab_us-gaap_DividendsDeclaredTableTextBlock_656E693588A1BB72B2B83935789A6C74" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of dividends declared and paid per share</link:label>
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    <link:label id="lab_frt_RealEstateAcquisitionsDispositionsTextBlock_24A65D68A242DCAE7B5D3935789D7E93_terseLabel_en-US" xlink:label="lab_frt_RealEstateAcquisitionsDispositionsTextBlock_24A65D68A242DCAE7B5D3935789D7E93" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">REAL ESTATE</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_4D31F152BB2EA92171D9B93A46F37BFB_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_4D31F152BB2EA92171D9B93A46F37BFB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OPERATING ACTIVITIES</link:label>
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    <link:label id="lab_frt_AdjustmentDepreciationAndAmortization_FD33B0BF9BF41A73BC3DB93A46F3558A_terseLabel_en-US" xlink:label="lab_frt_AdjustmentDepreciationAndAmortization_FD33B0BF9BF41A73BC3DB93A46F3558A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
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    <link:label id="lab_us-gaap_OtherNoncashIncomeExpense_FF25ED4352F6B7E63F1EB93A46F3CEB7_label_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_FF25ED4352F6B7E63F1EB93A46F3CEB7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Noncash Income (Expense)</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_16E109E5DD39C696AE4BB93A46F387B3_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_16E109E5DD39C696AE4BB93A46F387B3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in assets and liabilities, net of effects of acquisitions and dispositions:</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_16E109E5DD39C696AE4BB93A46F387B3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_5E51DFDE1F20FBA58FC9B93A46F31E5B_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_5E51DFDE1F20FBA58FC9B93A46F31E5B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Accounts and Other Receivables</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_5E51DFDE1F20FBA58FC9B93A46F31E5B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_5E51DFDE1F20FBA58FC9B93A46F31E5B" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_5E51DFDE1F20FBA58FC9B93A46F31E5B" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_F72EFBABD63B79259612B93A46F31E8A_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_F72EFBABD63B79259612B93A46F31E8A" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Decrease in prepaid expenses and other assets</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_F72EFBABD63B79259612B93A46F31E8A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_F72EFBABD63B79259612B93A46F31E8A" xlink:to="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_F72EFBABD63B79259612B93A46F31E8A" xlink:type="arc" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_DBD6EA6718F49CE0464EB93A46F3DB2E_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_DBD6EA6718F49CE0464EB93A46F3DB2E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Accounts Payable and Accrued Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_DBD6EA6718F49CE0464EB93A46F3DB2E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_DBD6EA6718F49CE0464EB93A46F3DB2E" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_DBD6EA6718F49CE0464EB93A46F3DB2E" xlink:type="arc" />
    <link:label id="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_314CA6A5446BE0D94FC3B93A46F3FA62_terseLabel_en-US" xlink:label="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_314CA6A5446BE0D94FC3B93A46F3FA62" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Decrease in security deposits and other liabilities</link:label>
    <link:label id="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_314CA6A5446BE0D94FC3B93A46F3FA62_label_en-US" xlink:label="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_314CA6A5446BE0D94FC3B93A46F3FA62" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Security Deposits And Other Liabilities</link:label>
    <link:label id="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_314CA6A5446BE0D94FC3B93A46F3FA62_documentation_en-US" xlink:label="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_314CA6A5446BE0D94FC3B93A46F3FA62" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net change in Security Deposits And Other Liabilities which includes security deposits, deferred revenue and prepaid rent. Also includes liabilities not individually reported in the financial statements, or not separately disclosed in notes.</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_599C0C46D8B7BB63E364B93A46F38B49_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_599C0C46D8B7BB63E364B93A46F38B49" 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_NetCashProvidedByUsedInInvestingActivitiesAbstract_1186EABC17ACCE87F8ACB93A46F3F922_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_1186EABC17ACCE87F8ACB93A46F3F922" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">INVESTING ACTIVITIES</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireRealEstate_CE15D27548CA7631D54BB93A46F350C2_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireRealEstate_CE15D27548CA7631D54BB93A46F350C2" 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_FD8B706E21A934AB588FB93A46F3822F_negatedLabel_en-US" xlink:label="lab_frt_CapitalExpendituresDevelopmentRedevelopment_FD8B706E21A934AB588FB93A46F3822F" 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_frt_CapitalExpendituresDevelopmentRedevelopment_FD8B706E21A934AB588FB93A46F3822F_documentation_en-US" xlink:label="lab_frt_CapitalExpendituresDevelopmentRedevelopment_FD8B706E21A934AB588FB93A46F3822F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments to develop or redevelop real estate assets is the process of adding improvements on or to a parcel of land. Such improvements may include drainage, utilities, subdividing, access, buildings, and any combination of these elements. In addition, the cash outflow from construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service.</link:label>
    <link:loc xlink:href="frt-20200630.xsd#frt_CapitalExpendituresDevelopmentRedevelopment" xlink:label="loc_frt_CapitalExpendituresDevelopmentRedevelopment_FD8B706E21A934AB588FB93A46F3822F" xlink:type="locator" />
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    <link:label id="lab_frt_CapitalExpendituresOther_925CE54698C6AAE52FA1B93A46F3156C_negatedLabel_en-US" xlink:label="lab_frt_CapitalExpendituresOther_925CE54698C6AAE52FA1B93A46F3156C" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Capital Expenditures - Other</link:label>
    <link:label id="lab_frt_CapitalExpendituresOther_925CE54698C6AAE52FA1B93A46F3156C_label_en-US" xlink:label="lab_frt_CapitalExpendituresOther_925CE54698C6AAE52FA1B93A46F3156C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Expenditures - Other</link:label>
    <link:label id="lab_frt_CapitalExpendituresOther_925CE54698C6AAE52FA1B93A46F3156C_documentation_en-US" xlink:label="lab_frt_CapitalExpendituresOther_925CE54698C6AAE52FA1B93A46F3156C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments to improve operating real estate that is not included in development or redevelopment. Such improvements may include drainage, utilities, subdividing, access, buildings, and any combination of these elements.</link:label>
    <link:loc xlink:href="frt-20200630.xsd#frt_CapitalExpendituresOther" xlink:label="loc_frt_CapitalExpendituresOther_925CE54698C6AAE52FA1B93A46F3156C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_CapitalExpendituresOther_925CE54698C6AAE52FA1B93A46F3156C" xlink:to="lab_frt_CapitalExpendituresOther_925CE54698C6AAE52FA1B93A46F3156C" xlink:type="arc" />
    <link:label id="lab_frt_Costsassociatedwithleasebuyoutforapropertysold_180914EC8B0E3F65912DB93A46F30BC3_negatedLabel_en-US" xlink:label="lab_frt_Costsassociatedwithleasebuyoutforapropertysold_180914EC8B0E3F65912DB93A46F30BC3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Costs associated with property sold under threat of condemnation</link:label>
    <link:label id="lab_frt_Costsassociatedwithleasebuyoutforapropertysold_180914EC8B0E3F65912DB93A46F30BC3_label_en-US" xlink:label="lab_frt_Costsassociatedwithleasebuyoutforapropertysold_180914EC8B0E3F65912DB93A46F30BC3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costs associated with lease buyout for a property sold</link:label>
    <link:label id="lab_frt_Costsassociatedwithleasebuyoutforapropertysold_180914EC8B0E3F65912DB93A46F30BC3_documentation_en-US" xlink:label="lab_frt_Costsassociatedwithleasebuyoutforapropertysold_180914EC8B0E3F65912DB93A46F30BC3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow related to a tenant lease buyout, which related to the sale of a property.</link:label>
    <link:loc xlink:href="frt-20200630.xsd#frt_Costsassociatedwithleasebuyoutforapropertysold" xlink:label="loc_frt_Costsassociatedwithleasebuyoutforapropertysold_180914EC8B0E3F65912DB93A46F30BC3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures_9733C7BA39FC405847F4B9533792EBA1_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures_9733C7BA39FC405847F4B9533792EBA1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of real estate</link:label>
    <link:label id="lab_us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures_9733C7BA39FC405847F4B9533792EBA1_label_en-US" xlink:label="lab_us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures_9733C7BA39FC405847F4B9533792EBA1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Real Estate and Real Estate Joint Ventures</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures" xlink:label="loc_us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures_9733C7BA39FC405847F4B9533792EBA1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures_9733C7BA39FC405847F4B9533792EBA1" xlink:to="lab_us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures_9733C7BA39FC405847F4B9533792EBA1" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_D2296FCF109622684BD1B93A46F3D7B9_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_D2296FCF109622684BD1B93A46F3D7B9" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Investment in partnerships</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_D2296FCF109622684BD1B93A46F3D7B9_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_D2296FCF109622684BD1B93A46F3D7B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Interest in Subsidiaries and Affiliates</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="loc_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_D2296FCF109622684BD1B93A46F3D7B9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_D2296FCF109622684BD1B93A46F3D7B9" xlink:to="lab_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_D2296FCF109622684BD1B93A46F3D7B9" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_CB7537AC5D9DD2044A82B93A46F34733_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_CB7537AC5D9DD2044A82B93A46F34733" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Distribution from partnerships in excess of earnings</link:label>
    <link:label id="lab_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_CB7537AC5D9DD2044A82B93A46F34733_label_en-US" xlink:label="lab_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_CB7537AC5D9DD2044A82B93A46F34733" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Distributions Received from Real Estate Partnerships</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships" xlink:label="loc_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_CB7537AC5D9DD2044A82B93A46F34733" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_CB7537AC5D9DD2044A82B93A46F34733" xlink:to="lab_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_CB7537AC5D9DD2044A82B93A46F34733" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_47D6F338FBFBA35D73F7B93A46F3B366_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_47D6F338FBFBA35D73F7B93A46F3B366" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Leasing costs</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_47D6F338FBFBA35D73F7B93A46F3B366_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_47D6F338FBFBA35D73F7B93A46F3B366" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Lease Acquisition Costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts" xlink:label="loc_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_47D6F338FBFBA35D73F7B93A46F3B366" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_47D6F338FBFBA35D73F7B93A46F3B366" xlink:to="lab_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_47D6F338FBFBA35D73F7B93A46F3B366" xlink:type="arc" />
    <link:label id="lab_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_13DC6465C494105A5523B93A46F32562_negatedLabel_en-US" xlink:label="lab_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_13DC6465C494105A5523B93A46F32562" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">(Issuance) repayment of mortgage and other notes receivable, net</link:label>
    <link:label id="lab_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_13DC6465C494105A5523B93A46F32562_label_en-US" xlink:label="lab_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_13DC6465C494105A5523B93A46F32562" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issuance And Repayments Of Mortgage And Other Notes Receivable Net</link:label>
    <link:label id="lab_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_13DC6465C494105A5523B93A46F32562_documentation_en-US" xlink:label="lab_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_13DC6465C494105A5523B93A46F32562" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow from the issuance and purchase of receivables arising from the mortgage note on real estate and other notes receivable, net of repayments.</link:label>
    <link:loc xlink:href="frt-20200630.xsd#frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet" xlink:label="loc_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_13DC6465C494105A5523B93A46F32562" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_13DC6465C494105A5523B93A46F32562" xlink:to="lab_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_13DC6465C494105A5523B93A46F32562" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_C43D5206C48A8DCE4DE3B93A46F39D77_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_C43D5206C48A8DCE4DE3B93A46F39D77" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_C43D5206C48A8DCE4DE3B93A46F39D77_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_C43D5206C48A8DCE4DE3B93A46F39D77" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_C43D5206C48A8DCE4DE3B93A46F39D77" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_86D19CA4ED3857B16214B93A46F3C1B2_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_86D19CA4ED3857B16214B93A46F3C1B2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCING ACTIVITIES</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_86D19CA4ED3857B16214B93A46F3C1B2_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_86D19CA4ED3857B16214B93A46F3C1B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_86D19CA4ED3857B16214B93A46F3C1B2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_86D19CA4ED3857B16214B93A46F3C1B2" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_86D19CA4ED3857B16214B93A46F3C1B2" xlink:type="arc" />
    <link:label id="lab_frt_Coststoamendlineofcreditfacility_FBF362016AA51D41B0F6B96AF0B3A31B_negatedLabel_en-US" xlink:label="lab_frt_Coststoamendlineofcreditfacility_FBF362016AA51D41B0F6B96AF0B3A31B" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Costs to amend revolving credit facility</link:label>
    <link:label id="lab_frt_Coststoamendlineofcreditfacility_FBF362016AA51D41B0F6B96AF0B3A31B_label_en-US" xlink:label="lab_frt_Coststoamendlineofcreditfacility_FBF362016AA51D41B0F6B96AF0B3A31B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costs to amend line of credit facility</link:label>
    <link:label id="lab_frt_Coststoamendlineofcreditfacility_FBF362016AA51D41B0F6B96AF0B3A31B_documentation_en-US" xlink:label="lab_frt_Coststoamendlineofcreditfacility_FBF362016AA51D41B0F6B96AF0B3A31B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net costs associated with the amendment of a line of credit facility.</link:label>
    <link:loc xlink:href="frt-20200630.xsd#frt_Coststoamendlineofcreditfacility" xlink:label="loc_frt_Coststoamendlineofcreditfacility_FBF362016AA51D41B0F6B96AF0B3A31B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_A989B377E418208922CCB93A46FBDC72_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_A989B377E418208922CCB93A46FBDC72" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of senior notes, net of costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_A989B377E418208922CCB93A46FBDC72" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromNotesPayable_8DA8880966B88A28C037B93A46FBAC5F_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromNotesPayable_8DA8880966B88A28C037B93A46FBAC5F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of notes payable, net of costs</link:label>
    <link:label id="lab_us-gaap_ProceedsFromNotesPayable_8DA8880966B88A28C037B93A46FBAC5F_label_en-US" xlink:label="lab_us-gaap_ProceedsFromNotesPayable_8DA8880966B88A28C037B93A46FBAC5F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Notes Payable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromNotesPayable" xlink:label="loc_us-gaap_ProceedsFromNotesPayable_8DA8880966B88A28C037B93A46FBAC5F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities_0DF8A2D158C8F5ADA888B93A46FB3AC5_negatedLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities_0DF8A2D158C8F5ADA888B93A46FB3AC5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of mortgages, finance leases and notes payable</link:label>
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    <link:label id="lab_us-gaap_PreferredStockDividendsIncomeStatementImpact_A1DD5CABFF453B785A64B711E267D169_negatedLabel_en-US" xlink:label="lab_us-gaap_PreferredStockDividendsIncomeStatementImpact_A1DD5CABFF453B785A64B711E267D169" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Preferred share dividends</link:label>
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    <link:label id="lab_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_23B67A1476F1E0FAB4D2B6CB94C61C09_terseLabel_en-US" xlink:label="lab_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_23B67A1476F1E0FAB4D2B6CB94C61C09" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average unvested shares outstanding</link:label>
    <link:label id="lab_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_23B67A1476F1E0FAB4D2B6CB94C61C09_label_en-US" xlink:label="lab_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_23B67A1476F1E0FAB4D2B6CB94C61C09" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_23B67A1476F1E0FAB4D2B6CB94C61C09" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_23B67A1476F1E0FAB4D2B6CB94C61C09" xlink:to="lab_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_23B67A1476F1E0FAB4D2B6CB94C61C09" xlink:type="arc" />
    <link:label id="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_9B310AB102E6ADD9AB3CB6CB94C62737_terseLabel_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_9B310AB102E6ADD9AB3CB6CB94C62737" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Anti-dilutive stock options</link:label>
    <link:label id="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_9B310AB102E6ADD9AB3CB6CB94C62737_label_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_9B310AB102E6ADD9AB3CB6CB94C62737" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_9B310AB102E6ADD9AB3CB6CB94C62737" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_9B310AB102E6ADD9AB3CB6CB94C62737" xlink:to="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_9B310AB102E6ADD9AB3CB6CB94C62737" xlink:type="arc" />
    <link:label id="lab_us-gaap_PreferredStockDividendRatePercentage_1BEFB20CAEC5833E3E8BB6CB94C72A45_verboseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockDividendRatePercentage_1BEFB20CAEC5833E3E8BB6CB94C72A45" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cumulative convertible preferred shares, dividend rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="loc_us-gaap_PreferredStockDividendRatePercentage_1BEFB20CAEC5833E3E8BB6CB94C72A45" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockDividendRatePercentage_1BEFB20CAEC5833E3E8BB6CB94C72A45" xlink:to="lab_us-gaap_PreferredStockDividendRatePercentage_1BEFB20CAEC5833E3E8BB6CB94C72A45" xlink:type="arc" />
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    <link:label id="lab_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_D77E2CB51A12958563FF39357693567B_terseLabel_en-US" xlink:label="lab_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_D77E2CB51A12958563FF39357693567B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating real estate, consolidated variable interest entities</link:label>
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