SEC Form 3 
FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 	  
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1. Name and Address of Reporting Person*
Steinel Gail P	

(Last)	(First)	(Middle)	
1626 EAST JEFFERSON STREET	

(Street) 
ROCKVILLE	MD	20852-4041	

(City)	(State)	(Zip)	
	2. Date of Event Requiring Statement (Month/Day/Year)
07/10/2006 	3. Issuer Name and Ticker or Trading Symbol 
FEDERAL REALTY INVESTMENT TRUST [ FRT ] 		
		4. Relationship of Reporting Person(s) to Issuer 
(Check all applicable) 
X	Director		10% Owner	
	Officer (give title below)		Other (specify below)	
	
	5. If Amendment, Date of Original Filed (Month/Day/Year)				
			6. Individual or Joint/Group Filing (Check Applicable Line) 
X	Form filed by One Reporting Person	
	Form filed by More than One Reporting Person	
	
Table I - Non-Derivative Securities Beneficially Owned	
1. Title of Security (Instr. 4) 	2. Amount of Securities Beneficially Owned (Instr. 4) 	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 	4. Nature of Indirect Beneficial Ownership (Instr. 5) 	
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities) 	
1. Title of Derivative Security (Instr. 4) 	2. Date Exercisable and Expiration Date (Month/Day/Year)	3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 	4. Conversion or Exercise Price of Derivative Security 	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 	6. Nature of Indirect Beneficial Ownership (Instr. 5) 	
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares				
Explanation of Responses:	
Remarks:	
	
No securities are beneficially owned.	
	Gail P. Steinel	07/14/2006	
	** Signature of Reporting Person	Date	
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).	
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.	
POWER OF ATTORNEY

 Know all by these presents, that the undersigned hereby constitutes and

appoints each of Larry E. Finger and Dawn M. Becker signing singly, as his or

her true and lawful attorney-in-fact to:

 1. execute for and on behalf of the undersigned Forms 3, 4 and 5 in

accordance with Section 16(a) of the Securities Exchange Act of 1934 and the

rules thereunder;

 2. do and perform any and all acts for and on behalf of the undersigned

which may be necessary or desirable to complete the execution of any such Form

3, 4 or 5 and the timely filing of such form with the United States Securities

and Exchange Commission and any other authority; and

 3. take any other action of any type whatsoever in connection with the

foregoing which, in the opinion of such attorney-in-fact, may be of benefit to,

in the best interest of, or legally required by, the undersigned, it being

understood that the documents executed by such attorney-in-fact on behalf of the

undersigned pursuant to this Power of Attorney shall be in such form and shall

contain such terms and conditions as such attorney-in-fact may approve in her

discretion.

 The undersigned hereby grants to each such attorney-in-fact full power and

authority to do and perform all and every act and thing whatsoever requisite,

necessary and proper to be done in the exercise of any of the rights and powers

herein granted, as fully to all intents and purposes as such attorney-in-fact

might or could do if personally present, with full power of substitution or

revocation, hereby ratifying and confirming all that such attorney-in-fact, or

his or her substitute or substitutes, shall lawfully do or cause to be done by

virtue of this power of attorney and the rights and powers herein granted.  The

undersigned acknowledges that the foregoing attorneys-in-fact, in serving in

such capacity at the request of the undersigned, are not assuming any of the

undersigned's responsibilities to comply with Section 16 of the Securities

Exchange Act of 1934.

 The undersigned hereby revokes each and every prior power of attorney

granted with respect to the actions listed above.

 IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to

be executed as of this _11__ day of July, 2006.

    /s/ Gail P. Steinel

    Signature

    Gail P. Steinel

    Print Name