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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare_53821CCC89E1A05867764BB0E5C36D46" 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_PreferredStockLiquidationPreference" xlink:label="loc_us-gaap_PreferredStockLiquidationPreference_ECD1F01B2483A2113F904BB0E5D28B47" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues_CDE0D5AEEEB64C4043284C5CBFA4ACD9_verboseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues_CDE0D5AEEEB64C4043284C5CBFA4ACD9" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Common shares issued (in shares)</link:label>
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    <link:label id="lab_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_24627AD8826584B888B04C5CBFA4A4E5_terseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_24627AD8826584B888B04C5CBFA4A4E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise of stock options (in shares)</link:label>
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    <link:label id="lab_frt_ShareBasedCompensationExpenseNetShares_677B93C5C589F871E3414C5CBFA52316_terseLabel_en-US" xlink:label="lab_frt_ShareBasedCompensationExpenseNetShares_677B93C5C589F871E3414C5CBFA52316" 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>
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    <link:label id="lab_frt_OtherRentalIncome_EF937C2706BF143AA59E55DE63C95BE4_terseLabel_en-US" xlink:label="lab_frt_OtherRentalIncome_EF937C2706BF143AA59E55DE63C95BE4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
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    <link:label id="lab_frt_OtherRentalIncome_EF937C2706BF143AA59E55DE63C95BE4_documentation_en-US" xlink:label="lab_frt_OtherRentalIncome_EF937C2706BF143AA59E55DE63C95BE4" 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>
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    <link:label id="lab_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_8A9EA0EBD5CCCE4BF4A155DF23981120_verboseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_8A9EA0EBD5CCCE4BF4A155DF23981120" 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_8A9EA0EBD5CCCE4BF4A155DF23981120" 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_8A9EA0EBD5CCCE4BF4A155DF23981120" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccountingPoliciesAbstract_6F1DC60108ABA22D50954F55D56DE269_label_en-US" xlink:label="lab_us-gaap_AccountingPoliciesAbstract_6F1DC60108ABA22D50954F55D56DE269" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_6F1DC60108ABA22D50954F55D56DE269" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_F49753886A0D80B394F14F55D56D7EC9_label_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_F49753886A0D80B394F14F55D56D7EC9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Accounting Pronouncements or Change in Accounting Principle [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable" xlink:label="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_F49753886A0D80B394F14F55D56D7EC9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_4B037435E7F9988198424F55D56D1E03_label_en-US" xlink:label="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_4B037435E7F9988198424F55D56D1E03" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for New Accounting Pronouncements [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_4B037435E7F9988198424F55D56D1E03" xlink:type="locator" />
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    <link:label id="lab_us-gaap_TypeOfAdoptionMember_B0AA3BD8CC0798DD4B064F55D56D2B63_terseLabel_en-US" xlink:label="lab_us-gaap_TypeOfAdoptionMember_B0AA3BD8CC0798DD4B064F55D56D2B63" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of Adoption [Domain]</link:label>
    <link:label id="lab_us-gaap_TypeOfAdoptionMember_B0AA3BD8CC0798DD4B064F55D56D2B63_label_en-US" xlink:label="lab_us-gaap_TypeOfAdoptionMember_B0AA3BD8CC0798DD4B064F55D56D2B63" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type of Adoption [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:label="loc_us-gaap_TypeOfAdoptionMember_B0AA3BD8CC0798DD4B064F55D56D2B63" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TypeOfAdoptionMember_B0AA3BD8CC0798DD4B064F55D56D2B63" xlink:to="lab_us-gaap_TypeOfAdoptionMember_B0AA3BD8CC0798DD4B064F55D56D2B63" xlink:type="arc" />
    <link:label id="lab_us-gaap_NewAccountingPronouncementMember_3B49FFD046BAEAB8D6CF4F55D56DC58B_terseLabel_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementMember_3B49FFD046BAEAB8D6CF4F55D56DC58B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments for New Accounting Pronouncement</link:label>
    <link:label id="lab_us-gaap_NewAccountingPronouncementMember_3B49FFD046BAEAB8D6CF4F55D56DC58B_label_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementMember_3B49FFD046BAEAB8D6CF4F55D56DC58B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for New Accounting Pronouncement [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NewAccountingPronouncementMember" xlink:label="loc_us-gaap_NewAccountingPronouncementMember_3B49FFD046BAEAB8D6CF4F55D56DC58B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NewAccountingPronouncementMember_3B49FFD046BAEAB8D6CF4F55D56DC58B" xlink:to="lab_us-gaap_NewAccountingPronouncementMember_3B49FFD046BAEAB8D6CF4F55D56DC58B" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_D42F3C7D224F91F5D1854F55D56D83C1_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_D42F3C7D224F91F5D1854F55D56D83C1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Interest Entities [Axis]</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_D42F3C7D224F91F5D1854F55D56D83C1_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_D42F3C7D224F91F5D1854F55D56D83C1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entities [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_D42F3C7D224F91F5D1854F55D56D83C1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_D42F3C7D224F91F5D1854F55D56D83C1" xlink:to="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_D42F3C7D224F91F5D1854F55D56D83C1" xlink:type="arc" />
    <link:label id="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_AF3028711DEDB05F64FA4F55D56DB38B_terseLabel_en-US" xlink:label="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_AF3028711DEDB05F64FA4F55D56DB38B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Classification [Domain]</link:label>
    <link:label id="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_AF3028711DEDB05F64FA4F55D56DB38B_label_en-US" xlink:label="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_AF3028711DEDB05F64FA4F55D56DB38B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Classification [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_AF3028711DEDB05F64FA4F55D56DB38B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_AF3028711DEDB05F64FA4F55D56DB38B" xlink:to="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_AF3028711DEDB05F64FA4F55D56DB38B" xlink:type="arc" />
    <link:label id="lab_frt_PreviousvotinginterestentityMember_EA054CD2E7324F6F51E84F55D56D49CE_terseLabel_en-US" xlink:label="lab_frt_PreviousvotinginterestentityMember_EA054CD2E7324F6F51E84F55D56D49CE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Previous voting interest entity</link:label>
    <link:label id="lab_frt_PreviousvotinginterestentityMember_EA054CD2E7324F6F51E84F55D56D49CE_label_en-US" xlink:label="lab_frt_PreviousvotinginterestentityMember_EA054CD2E7324F6F51E84F55D56D49CE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Previous voting interest entity [Member]</link:label>
    <link:label id="lab_frt_PreviousvotinginterestentityMember_EA054CD2E7324F6F51E84F55D56D49CE_documentation_en-US" xlink:label="lab_frt_PreviousvotinginterestentityMember_EA054CD2E7324F6F51E84F55D56D49CE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Previous voting interest entity prior to adoption of ASU.</link:label>
    <link:loc xlink:href="frt-20160630.xsd#frt_PreviousvotinginterestentityMember" xlink:label="loc_frt_PreviousvotinginterestentityMember_EA054CD2E7324F6F51E84F55D56D49CE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_PreviousvotinginterestentityMember_EA054CD2E7324F6F51E84F55D56D49CE" xlink:to="lab_frt_PreviousvotinginterestentityMember_EA054CD2E7324F6F51E84F55D56D49CE" xlink:type="arc" />
    <link:label id="lab_frt_PikeandRoseHotelJVMember_9E9A2D05AB8C5656593A4F55D56E7E12_terseLabel_en-US" xlink:label="lab_frt_PikeandRoseHotelJVMember_9E9A2D05AB8C5656593A4F55D56E7E12" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pike and Rose Hotel JV</link:label>
    <link:label id="lab_frt_PikeandRoseHotelJVMember_9E9A2D05AB8C5656593A4F55D56E7E12_label_en-US" xlink:label="lab_frt_PikeandRoseHotelJVMember_9E9A2D05AB8C5656593A4F55D56E7E12" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pike and Rose Hotel JV [Member]</link:label>
    <link:label id="lab_frt_PikeandRoseHotelJVMember_9E9A2D05AB8C5656593A4F55D56E7E12_documentation_en-US" xlink:label="lab_frt_PikeandRoseHotelJVMember_9E9A2D05AB8C5656593A4F55D56E7E12" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pike and Rose Hotel JV</link:label>
    <link:loc xlink:href="frt-20160630.xsd#frt_PikeandRoseHotelJVMember" xlink:label="loc_frt_PikeandRoseHotelJVMember_9E9A2D05AB8C5656593A4F55D56E7E12" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_844577D8790680803EB74F55D56E1CD5_label_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_844577D8790680803EB74F55D56E1CD5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Accounting Pronouncements or Change in Accounting Principle [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems" xlink:label="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_844577D8790680803EB74F55D56E1CD5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_844577D8790680803EB74F55D56E1CD5" xlink:to="lab_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_844577D8790680803EB74F55D56E1CD5" xlink:type="arc" />
    <link:label id="lab_frt_NumberofPropertiesPreviouslyConsolidatedasVotingInterestEntities_B49FC4F0FA421E89E8794F55D56E0A9C_terseLabel_en-US" xlink:label="lab_frt_NumberofPropertiesPreviouslyConsolidatedasVotingInterestEntities_B49FC4F0FA421E89E8794F55D56E0A9C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of variable interest entities previously consolidated as voting interest entities</link:label>
    <link:label id="lab_frt_NumberofPropertiesPreviouslyConsolidatedasVotingInterestEntities_B49FC4F0FA421E89E8794F55D56E0A9C_label_en-US" xlink:label="lab_frt_NumberofPropertiesPreviouslyConsolidatedasVotingInterestEntities_B49FC4F0FA421E89E8794F55D56E0A9C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Properties Previously Consolidated as Voting Interest Entities</link:label>
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    <link:label id="lab_us-gaap_LiabilitiesAbstract_E81EB6EDA37492F2EBB9098687675CEA_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_E81EB6EDA37492F2EBB9098687675CEA" 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_AC3AE8BFC0F6D3FB6E9209868767C219_verboseLabel_en-US" xlink:label="lab_us-gaap_SecuredDebt_AC3AE8BFC0F6D3FB6E9209868767C219" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Mortgages payable (including $443,766 and $448,315 of consolidated variable interest entities, respectively)</link:label>
    <link:label id="lab_us-gaap_SecuredDebt_AC3AE8BFC0F6D3FB6E9209868767C219_label_en-US" xlink:label="lab_us-gaap_SecuredDebt_AC3AE8BFC0F6D3FB6E9209868767C219" 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_SeniorNotes_8FDDDCD49CE887373812098687677087_label_en-US" xlink:label="lab_us-gaap_SeniorNotes_8FDDDCD49CE887373812098687677087" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Notes</link:label>
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    <link:label id="lab_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_36EF44F81652B90ECACB08D002B8CA12_label_en-US" xlink:label="lab_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_36EF44F81652B90ECACB08D002B8CA12" 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_36EF44F81652B90ECACB08D002B8CA12_documentation_en-US" xlink:label="lab_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_36EF44F81652B90ECACB08D002B8CA12" 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-20160630.xsd#frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate" xlink:label="loc_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_36EF44F81652B90ECACB08D002B8CA12" xlink:type="locator" />
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    <link:label id="lab_frt_EarningsAllocatedToUnvestedShares_CB3909DA02297811AD2208B6DA4A8274_negatedLabel_en-US" xlink:label="lab_frt_EarningsAllocatedToUnvestedShares_CB3909DA02297811AD2208B6DA4A8274" 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_CB3909DA02297811AD2208B6DA4A8274_label_en-US" xlink:label="lab_frt_EarningsAllocatedToUnvestedShares_CB3909DA02297811AD2208B6DA4A8274" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Allocated To Unvested Shares</link:label>
    <link:label id="lab_frt_EarningsAllocatedToUnvestedShares_CB3909DA02297811AD2208B6DA4A8274_documentation_en-US" xlink:label="lab_frt_EarningsAllocatedToUnvestedShares_CB3909DA02297811AD2208B6DA4A8274" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Earnings allocated to unvested shares</link:label>
    <link:loc xlink:href="frt-20160630.xsd#frt_EarningsAllocatedToUnvestedShares" xlink:label="loc_frt_EarningsAllocatedToUnvestedShares_CB3909DA02297811AD2208B6DA4A8274" xlink:type="locator" />
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    <link:label id="lab_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_B2052D9B9FC277E78E1808B6DA4A55F1_totalLabel_en-US" xlink:label="lab_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_B2052D9B9FC277E78E1808B6DA4A55F1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income from continuing operations available for common shareholders</link:label>
    <link:label id="lab_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_B2052D9B9FC277E78E1808B6DA4A55F1_label_en-US" xlink:label="lab_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_B2052D9B9FC277E78E1808B6DA4A55F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Loss From Continuing Operations Available For Common Shareholders</link:label>
    <link:label id="lab_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_B2052D9B9FC277E78E1808B6DA4A55F1_documentation_en-US" xlink:label="lab_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_B2052D9B9FC277E78E1808B6DA4A55F1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the income or loss from continuing operations attributable to the parent after earnings allocated to unvested shares and adjustments for dividends on preferred stock.</link:label>
    <link:loc xlink:href="frt-20160630.xsd#frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders" xlink:label="loc_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_B2052D9B9FC277E78E1808B6DA4A55F1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_B2052D9B9FC277E78E1808B6DA4A55F1" xlink:to="lab_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_B2052D9B9FC277E78E1808B6DA4A55F1" xlink:type="arc" />
    <link:label id="lab_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenet_2AC706F98602CC4DC98008C7BE8C7A41_terseLabel_en-US" xlink:label="lab_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenet_2AC706F98602CC4DC98008C7BE8C7A41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on change in control of interests and sale of real estate, net</link:label>
    <link:label id="lab_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenet_2AC706F98602CC4DC98008C7BE8C7A41_label_en-US" xlink:label="lab_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenet_2AC706F98602CC4DC98008C7BE8C7A41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (loss) on change in control of interests and sale of real estate, net</link:label>
    <link:label id="lab_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenet_2AC706F98602CC4DC98008C7BE8C7A41_documentation_en-US" xlink:label="lab_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenet_2AC706F98602CC4DC98008C7BE8C7A41" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (loss) on change in control of interests and sale of real estate, net of noncontrolling interests</link:label>
    <link:loc xlink:href="frt-20160630.xsd#frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenet" xlink:label="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenet_2AC706F98602CC4DC98008C7BE8C7A41" xlink:type="locator" />
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    <link:label id="lab_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_1AA0BD9ADC36D71A317F08B6DA4A6D87_terseLabel_en-US" xlink:label="lab_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_1AA0BD9ADC36D71A317F08B6DA4A6D87" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income available for common shareholders, basic and diluted</link:label>
    <link:label id="lab_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_1AA0BD9ADC36D71A317F08B6DA4A6D87_label_en-US" xlink:label="lab_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_1AA0BD9ADC36D71A317F08B6DA4A6D87" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income available for common shareholders, basic and diluted</link:label>
    <link:label id="lab_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_1AA0BD9ADC36D71A317F08B6DA4A6D87_documentation_en-US" xlink:label="lab_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_1AA0BD9ADC36D71A317F08B6DA4A6D87" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net income after adjustments for dividends on preferred stock and earnings allocated to unvested shares.</link:label>
    <link:loc xlink:href="frt-20160630.xsd#frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted" xlink:label="loc_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_1AA0BD9ADC36D71A317F08B6DA4A6D87" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_1AA0BD9ADC36D71A317F08B6DA4A6D87" xlink:to="lab_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_1AA0BD9ADC36D71A317F08B6DA4A6D87" xlink:type="arc" />
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_1485B6C533E7C39DBCDA08B6DA4A34AA_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_1485B6C533E7C39DBCDA08B6DA4A34AA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average common shares outstanding&#8212;basic</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_1485B6C533E7C39DBCDA08B6DA4A34AA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_1485B6C533E7C39DBCDA08B6DA4A34AA" xlink:to="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_1485B6C533E7C39DBCDA08B6DA4A34AA" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_4A3374034FA51EB60F8D08B6DA4AF876_terseLabel_en-US" xlink:label="lab_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_4A3374034FA51EB60F8D08B6DA4AF876" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock options</link:label>
    <link:label id="lab_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_4A3374034FA51EB60F8D08B6DA4AF876_label_en-US" xlink:label="lab_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_4A3374034FA51EB60F8D08B6DA4AF876" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_4A3374034FA51EB60F8D08B6DA4AF876" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_4A3374034FA51EB60F8D08B6DA4AF876" xlink:to="lab_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_4A3374034FA51EB60F8D08B6DA4AF876" xlink:type="arc" />
    <link:label id="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_AE15594BDF1E583150D108B6DA4AD68B_totalLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_AE15594BDF1E583150D108B6DA4AD68B" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Weighted average common shares outstanding&#8212;diluted</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_AE15594BDF1E583150D108B6DA4AD68B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_AE15594BDF1E583150D108B6DA4AD68B" xlink:to="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_AE15594BDF1E583150D108B6DA4AD68B" xlink:type="arc" />
    <link:label id="lab_us-gaap_EarningsPerShareBasic_835E1D2FDA0A584ADE4D08B6DA4BE6F9_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasic_835E1D2FDA0A584ADE4D08B6DA4BE6F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings per common share, basic</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_835E1D2FDA0A584ADE4D08B6DA4BE6F9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareBasic_835E1D2FDA0A584ADE4D08B6DA4BE6F9" xlink:to="lab_us-gaap_EarningsPerShareBasic_835E1D2FDA0A584ADE4D08B6DA4BE6F9" xlink:type="arc" />
    <link:label id="lab_us-gaap_EarningsPerShareDiluted_D6ABFBF92C35D271C6FB08B6DA4BFF5C_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareDiluted_D6ABFBF92C35D271C6FB08B6DA4BFF5C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings per common share, diluted</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_D6ABFBF92C35D271C6FB08B6DA4BFF5C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareDiluted_D6ABFBF92C35D271C6FB08B6DA4BFF5C" xlink:to="lab_us-gaap_EarningsPerShareDiluted_D6ABFBF92C35D271C6FB08B6DA4BFF5C" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperations_2790179CBBFDBEE0049208B6DA4BA1EB_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperations_2790179CBBFDBEE0049208B6DA4BA1EB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income from continuing operations attributable to the Trust</link:label>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperations_2790179CBBFDBEE0049208B6DA4BA1EB_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperations_2790179CBBFDBEE0049208B6DA4BA1EB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperations" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperations_2790179CBBFDBEE0049208B6DA4BA1EB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperations_2790179CBBFDBEE0049208B6DA4BA1EB" xlink:to="lab_us-gaap_IncomeLossFromContinuingOperations_2790179CBBFDBEE0049208B6DA4BA1EB" xlink:type="arc" />
    <link:label id="lab_frt_DividendsTable_E31E9B4CED98129B66FB4F55D5EA8032_terseLabel_en-US" xlink:label="lab_frt_DividendsTable_E31E9B4CED98129B66FB4F55D5EA8032" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends [Table]</link:label>
    <link:label id="lab_frt_DividendsTable_E31E9B4CED98129B66FB4F55D5EA8032_label_en-US" xlink:label="lab_frt_DividendsTable_E31E9B4CED98129B66FB4F55D5EA8032" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends [Table]</link:label>
    <link:label id="lab_frt_DividendsTable_E31E9B4CED98129B66FB4F55D5EA8032_documentation_en-US" xlink:label="lab_frt_DividendsTable_E31E9B4CED98129B66FB4F55D5EA8032" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dividends [Table]</link:label>
    <link:loc xlink:href="frt-20160630.xsd#frt_DividendsTable" xlink:label="loc_frt_DividendsTable_E31E9B4CED98129B66FB4F55D5EA8032" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_DividendsTable_E31E9B4CED98129B66FB4F55D5EA8032" xlink:to="lab_frt_DividendsTable_E31E9B4CED98129B66FB4F55D5EA8032" xlink:type="arc" />
    <link:label id="lab_frt_A5417Series1CumulativeConvertiblePreferredMember_47E43EB240ACD59D68A14F55D5EBDE38_terseLabel_en-US" xlink:label="lab_frt_A5417Series1CumulativeConvertiblePreferredMember_47E43EB240ACD59D68A14F55D5EBDE38" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">5.417% Series 1 Cumulative Convertible Preferred shares</link:label>
    <link:label id="lab_frt_A5417Series1CumulativeConvertiblePreferredMember_47E43EB240ACD59D68A14F55D5EBDE38_label_en-US" xlink:label="lab_frt_A5417Series1CumulativeConvertiblePreferredMember_47E43EB240ACD59D68A14F55D5EBDE38" 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_47E43EB240ACD59D68A14F55D5EBDE38_documentation_en-US" xlink:label="lab_frt_A5417Series1CumulativeConvertiblePreferredMember_47E43EB240ACD59D68A14F55D5EBDE38" 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-20160630.xsd#frt_A5417Series1CumulativeConvertiblePreferredMember" xlink:label="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_47E43EB240ACD59D68A14F55D5EBDE38" xlink:type="locator" />
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    <link:label id="lab_frt_DividendsLineItems_10C94D2F032FE49DBC094F55D5EBD8D8_terseLabel_en-US" xlink:label="lab_frt_DividendsLineItems_10C94D2F032FE49DBC094F55D5EBD8D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends [Line Items]</link:label>
    <link:label id="lab_frt_DividendsLineItems_10C94D2F032FE49DBC094F55D5EBD8D8_label_en-US" xlink:label="lab_frt_DividendsLineItems_10C94D2F032FE49DBC094F55D5EBD8D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends [Line Items]</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_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_885FA08E910FAAD4E4F64F55D45336FD" xlink:to="lab_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_885FA08E910FAAD4E4F64F55D45336FD" xlink:type="arc" />
    <link:label id="lab_frt_Ownershipinterest_448B4F5CF2E5C45A86BF4F55D453329C_terseLabel_en-US" xlink:label="lab_frt_Ownershipinterest_448B4F5CF2E5C45A86BF4F55D453329C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effective Interest Acquisition</link:label>
    <link:label id="lab_frt_Ownershipinterest_448B4F5CF2E5C45A86BF4F55D453329C_label_en-US" xlink:label="lab_frt_Ownershipinterest_448B4F5CF2E5C45A86BF4F55D453329C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ownership interest</link:label>
    <link:label id="lab_frt_Ownershipinterest_448B4F5CF2E5C45A86BF4F55D453329C_documentation_en-US" xlink:label="lab_frt_Ownershipinterest_448B4F5CF2E5C45A86BF4F55D453329C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ownership interest in property</link:label>
    <link:loc xlink:href="frt-20160630.xsd#frt_Ownershipinterest" xlink:label="loc_frt_Ownershipinterest_448B4F5CF2E5C45A86BF4F55D453329C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_Ownershipinterest_448B4F5CF2E5C45A86BF4F55D453329C" xlink:to="lab_frt_Ownershipinterest_448B4F5CF2E5C45A86BF4F55D453329C" xlink:type="arc" />
    <link:label id="lab_frt_RealEstateAcquisitionsDispositionsTextBlock_FC2EBA9589BFA9446EB14F55D5916817_terseLabel_en-US" xlink:label="lab_frt_RealEstateAcquisitionsDispositionsTextBlock_FC2EBA9589BFA9446EB14F55D5916817" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">REAL ESTATE</link:label>
    <link:label id="lab_frt_RealEstateAcquisitionsDispositionsTextBlock_FC2EBA9589BFA9446EB14F55D5916817_label_en-US" xlink:label="lab_frt_RealEstateAcquisitionsDispositionsTextBlock_FC2EBA9589BFA9446EB14F55D5916817" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Acquisitions Dispositions Text Block</link:label>
    <link:label id="lab_frt_RealEstateAcquisitionsDispositionsTextBlock_FC2EBA9589BFA9446EB14F55D5916817_documentation_en-US" xlink:label="lab_frt_RealEstateAcquisitionsDispositionsTextBlock_FC2EBA9589BFA9446EB14F55D5916817" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of real estate acquisitions and dispositions, and at year end, a summary of our real estate investments and related encumbrances.</link:label>
    <link:loc xlink:href="frt-20160630.xsd#frt_RealEstateAcquisitionsDispositionsTextBlock" xlink:label="loc_frt_RealEstateAcquisitionsDispositionsTextBlock_FC2EBA9589BFA9446EB14F55D5916817" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_RealEstateAcquisitionsDispositionsTextBlock_FC2EBA9589BFA9446EB14F55D5916817" xlink:to="lab_frt_RealEstateAcquisitionsDispositionsTextBlock_FC2EBA9589BFA9446EB14F55D5916817" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_BEB4A2AB6B5DB92CB2374CC190F668AA_label_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract_BEB4A2AB6B5DB92CB2374CC190F668AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_BEB4A2AB6B5DB92CB2374CC190F668AA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_BEB4A2AB6B5DB92CB2374CC190F668AA" xlink:to="lab_us-gaap_StatementOfCashFlowsAbstract_BEB4A2AB6B5DB92CB2374CC190F668AA" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_7B4D3AD4C04B93DA0DF94CC19104F57A_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_7B4D3AD4C04B93DA0DF94CC19104F57A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OPERATING ACTIVITIES</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_7B4D3AD4C04B93DA0DF94CC19104F57A_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_7B4D3AD4C04B93DA0DF94CC19104F57A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_7B4D3AD4C04B93DA0DF94CC19104F57A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProfitLoss_A4E1C0478D7F9D6058DA4CC19106136B_terseLabel_en-US" xlink:label="lab_us-gaap_ProfitLoss_A4E1C0478D7F9D6058DA4CC19106136B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_A4E1C0478D7F9D6058DA4CC19106136B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProfitLoss_A4E1C0478D7F9D6058DA4CC19106136B" xlink:to="lab_us-gaap_ProfitLoss_A4E1C0478D7F9D6058DA4CC19106136B" xlink:type="arc" />
    <link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_2B5150CA580B67AF46DD4CC191074112_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_2B5150CA580B67AF46DD4CC191074112" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile net income to net cash provided by operating activities:</link:label>
    <link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_2B5150CA580B67AF46DD4CC191074112_label_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_2B5150CA580B67AF46DD4CC191074112" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_2B5150CA580B67AF46DD4CC191074112" xlink:type="locator" />
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    <link:label id="lab_frt_AdjustmentDepreciationAndAmortization_3FA3236239F741B366A24CC191076088_terseLabel_en-US" xlink:label="lab_frt_AdjustmentDepreciationAndAmortization_3FA3236239F741B366A24CC191076088" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:label id="lab_frt_AdjustmentDepreciationAndAmortization_3FA3236239F741B366A24CC191076088_label_en-US" xlink:label="lab_frt_AdjustmentDepreciationAndAmortization_3FA3236239F741B366A24CC191076088" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustment Depreciation And Amortization</link:label>
    <link:label id="lab_frt_AdjustmentDepreciationAndAmortization_3FA3236239F741B366A24CC191076088_documentation_en-US" xlink:label="lab_frt_AdjustmentDepreciationAndAmortization_3FA3236239F741B366A24CC191076088" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash flow addback for the non-cash expense of depreciation and amortization including depreciation and amortization related to discontinued operations.</link:label>
    <link:loc xlink:href="frt-20160630.xsd#frt_AdjustmentDepreciationAndAmortization" xlink:label="loc_frt_AdjustmentDepreciationAndAmortization_3FA3236239F741B366A24CC191076088" xlink:type="locator" />
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    <link:label id="lab_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestate_BB02058A08E6DAADF1A44CC1910746B6_negatedLabel_en-US" xlink:label="lab_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestate_BB02058A08E6DAADF1A44CC1910746B6" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Gain on change in control of interests and sale of real estate</link:label>
    <link:loc xlink:href="frt-20160630.xsd#frt_Gainlossonchangeincontrolofinterestsandsaleofrealestate" xlink:label="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestate_BB02058A08E6DAADF1A44CC1910746B6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_3B629745553252F6AB154CC191077B24_negatedLabel_en-US" xlink:label="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_3B629745553252F6AB154CC191077B24" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Early extinguishment of debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_3B629745553252F6AB154CC191077B24" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncomeLossFromEquityMethodInvestments_D18C249AB416412DDC6B4CC19107D26D_negatedLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromEquityMethodInvestments_D18C249AB416412DDC6B4CC19107D26D" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income from real estate partnerships</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_D18C249AB416412DDC6B4CC19107D26D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherNoncashIncomeExpense_5A3A579170BE9098100C4CC191071855_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_5A3A579170BE9098100C4CC191071855" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
    <link:label id="lab_us-gaap_OtherNoncashIncomeExpense_5A3A579170BE9098100C4CC191071855_label_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_5A3A579170BE9098100C4CC191071855" 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_210A65E7855DEB09A6A04CC191072DAF_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_210A65E7855DEB09A6A04CC191072DAF" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_210A65E7855DEB09A6A04CC191072DAF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_134E4DBA22AD14097CC14CC1910888D1_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_134E4DBA22AD14097CC14CC1910888D1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Decrease (increase) in accounts receivable</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_IncreaseDecreaseInAccountsAndOtherReceivables" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_134E4DBA22AD14097CC14CC1910888D1" 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_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_20673113516688278F124CC191085987" xlink:type="locator" />
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_600D6079F9C3E91A20464CC19108F0D4" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_600D6079F9C3E91A20464CC19108F0D4" xlink:type="arc" />
    <link:label id="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_651B8BA1C14AB00699AB4CC19108B2B6_terseLabel_en-US" xlink:label="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_651B8BA1C14AB00699AB4CC19108B2B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Decrease) increase in security deposits and other liabilities</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_94D51E7E36227D71053E4CC19108630F_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_94D51E7E36227D71053E4CC19108630F" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_94D51E7E36227D71053E4CC19108630F_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_94D51E7E36227D71053E4CC19108630F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_D18854EF91E8703275064CC19108F00C_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_D18854EF91E8703275064CC19108F00C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_D18854EF91E8703275064CC19108F00C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireRealEstate_E05673361CC84393C4834CC1910895BE_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireRealEstate_E05673361CC84393C4834CC1910895BE" 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:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:label="loc_us-gaap_PaymentsToAcquireRealEstate_E05673361CC84393C4834CC1910895BE" xlink:type="locator" />
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    <link:label id="lab_frt_CapitalExpendituresDevelopmentRedevelopment_77DF3EBB8EEE21BF33034CC19108C946_negatedLabel_en-US" xlink:label="lab_frt_CapitalExpendituresDevelopmentRedevelopment_77DF3EBB8EEE21BF33034CC19108C946" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Capital expenditures - development and redevelopment</link:label>
    <link:label id="lab_frt_CapitalExpendituresDevelopmentRedevelopment_77DF3EBB8EEE21BF33034CC19108C946_label_en-US" xlink:label="lab_frt_CapitalExpendituresDevelopmentRedevelopment_77DF3EBB8EEE21BF33034CC19108C946" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Expenditures Development Redevelopment</link:label>
    <link:label id="lab_frt_CapitalExpendituresDevelopmentRedevelopment_77DF3EBB8EEE21BF33034CC19108C946_documentation_en-US" xlink:label="lab_frt_CapitalExpendituresDevelopmentRedevelopment_77DF3EBB8EEE21BF33034CC19108C946" 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-20160630.xsd#frt_CapitalExpendituresDevelopmentRedevelopment" xlink:label="loc_frt_CapitalExpendituresDevelopmentRedevelopment_77DF3EBB8EEE21BF33034CC19108C946" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsForCapitalImprovements_AF320BCA815E5EBFA8F64CC191097309_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForCapitalImprovements_AF320BCA815E5EBFA8F64CC191097309" 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_us-gaap_PaymentsForCapitalImprovements_AF320BCA815E5EBFA8F64CC191097309_label_en-US" xlink:label="lab_us-gaap_PaymentsForCapitalImprovements_AF320BCA815E5EBFA8F64CC191097309" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for Capital Improvements</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForCapitalImprovements" xlink:label="loc_us-gaap_PaymentsForCapitalImprovements_AF320BCA815E5EBFA8F64CC191097309" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_A020FB0E4AFCAB2C7CCA4CC19109D36F_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_A020FB0E4AFCAB2C7CCA4CC19109D36F" 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:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:label="loc_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_A020FB0E4AFCAB2C7CCA4CC19109D36F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_277CA59DA97066F82AE94CC19109249D_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_277CA59DA97066F82AE94CC19109249D" 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:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="loc_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_277CA59DA97066F82AE94CC19109249D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_4C11196DDEC5BB95AD834CC191097CE5_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_4C11196DDEC5BB95AD834CC191097CE5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Distribution from real estate partnership in excess of earnings</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_684579C5E20921254C304CC191098C91_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_684579C5E20921254C304CC191098C91" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Leasing costs</link:label>
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    <link:label id="lab_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_D4F42E94E617FCE670774CC19109BF1C_negatedLabel_en-US" xlink:label="lab_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_D4F42E94E617FCE670774CC19109BF1C" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of mortgage and other notes receivable, net</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_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_39D94F1128BDAE90967F4CC19109DAC1" xlink:type="locator" />
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