<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with WebFilings-->
<linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <roleRef roleURI="http://www.federalrealty.com/role/BusinessAndOrganization" xlink:href="frt-20120630.xsd#BusinessAndOrganization" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/BusinessAndOrganizationDetails" xlink:href="frt-20120630.xsd#BusinessAndOrganizationDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/CommitmentsAndContingencies" xlink:href="frt-20120630.xsd#CommitmentsAndContingencies" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/CommitmentsAndContingenciesDetails" xlink:href="frt-20120630.xsd#CommitmentsAndContingenciesDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/CommitmentsAndContingenciesTables" xlink:href="frt-20120630.xsd#CommitmentsAndContingenciesTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncome" xlink:href="frt-20120630.xsd#ComponentsOfRentalIncome" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeAndExpenseComponentsOfRentalExpensesDetails" xlink:href="frt-20120630.xsd#ComponentsOfRentalIncomeAndExpenseComponentsOfRentalExpensesDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfMinimumRentDetails" xlink:href="frt-20120630.xsd#ComponentsOfRentalIncomeScheduleOfMinimumRentDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfPrincipalComponentsOfRentalIncomeDetails" xlink:href="frt-20120630.xsd#ComponentsOfRentalIncomeScheduleOfPrincipalComponentsOfRentalIncomeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeTables" xlink:href="frt-20120630.xsd#ComponentsOfRentalIncomeTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedBalanceSheets" xlink:href="frt-20120630.xsd#ConsolidatedBalanceSheets" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedBalanceSheetsParentheticals" xlink:href="frt-20120630.xsd#ConsolidatedBalanceSheetsParentheticals" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedEquityStmtParentheticalParentheticals" xlink:href="frt-20120630.xsd#ConsolidatedEquityStmtParentheticalParentheticals" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementOfShareholdersEquity" xlink:href="frt-20120630.xsd#ConsolidatedStatementOfShareholdersEquity" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementsOfCashFlows" xlink:href="frt-20120630.xsd#ConsolidatedStatementsOfCashFlows" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementsOfOperations" xlink:href="frt-20120630.xsd#ConsolidatedStatementsOfOperations" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/Debt" xlink:href="frt-20120630.xsd#Debt" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DebtDetails" xlink:href="frt-20120630.xsd#DebtDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DiscontinuedOperations" xlink:href="frt-20120630.xsd#DiscontinuedOperations" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DiscontinuedOperationsSummaryOfFinancialInformationForDiscontinuedOperationsDetails" xlink:href="frt-20120630.xsd#DiscontinuedOperationsSummaryOfFinancialInformationForDiscontinuedOperationsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DiscontinuedOperationsTables" xlink:href="frt-20120630.xsd#DiscontinuedOperationsTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DocumentAndEntityInformationDocument" xlink:href="frt-20120630.xsd#DocumentAndEntityInformationDocument" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShare" xlink:href="frt-20120630.xsd#EarningsPerShare" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShareNarrativeDetails" xlink:href="frt-20120630.xsd#EarningsPerShareNarrativeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShareScheduleOfEarningsPerShareDetails" xlink:href="frt-20120630.xsd#EarningsPerShareScheduleOfEarningsPerShareDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShareTables" xlink:href="frt-20120630.xsd#EarningsPerShareTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstruments" xlink:href="frt-20120630.xsd#FairValueOfFinancialInstruments" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsSummaryOfCarryingAmountAndFairValueOfFinancialInstrumentsDetails" xlink:href="frt-20120630.xsd#FairValueOfFinancialInstrumentsSummaryOfCarryingAmountAndFairValueOfFinancialInstrumentsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsTables" xlink:href="frt-20120630.xsd#FairValueOfFinancialInstrumentsTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstate" xlink:href="frt-20120630.xsd#RealEstate" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstatePartnerships" xlink:href="frt-20120630.xsd#RealEstatePartnerships" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstatePartnershipsNarrativeDetails" xlink:href="frt-20120630.xsd#RealEstatePartnershipsNarrativeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstatePartnershipsSummarizedOperatingResultsAndFinancialPositionOfPartnershipDetails" xlink:href="frt-20120630.xsd#RealEstatePartnershipsSummarizedOperatingResultsAndFinancialPositionOfPartnershipDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstatePartnershipsTables" xlink:href="frt-20120630.xsd#RealEstatePartnershipsTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstateSignificantAcquisitionsAndDispositionDetails" xlink:href="frt-20120630.xsd#RealEstateSignificantAcquisitionsAndDispositionDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareBasedCompensationDetails" xlink:href="frt-20120630.xsd#ShareBasedCompensationDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareBasedCompensationPlans" xlink:href="frt-20120630.xsd#ShareBasedCompensationPlans" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareBasedCompensationPlansTables" xlink:href="frt-20120630.xsd#ShareBasedCompensationPlansTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquity" xlink:href="frt-20120630.xsd#ShareholdersEquity" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquityNarrativeDetails" xlink:href="frt-20120630.xsd#ShareholdersEquityNarrativeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquityTables" xlink:href="frt-20120630.xsd#ShareholdersEquityTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SubsequentEvents" xlink:href="frt-20120630.xsd#SubsequentEvents" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SubsequentEventsDetails" xlink:href="frt-20120630.xsd#SubsequentEventsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SubsequentEventsTables" xlink:href="frt-20120630.xsd#SubsequentEventsTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPolicies" xlink:href="frt-20120630.xsd#SummaryOfSignificantAccountingPolicies" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesComprehensiveIncomeDetails" xlink:href="frt-20120630.xsd#SummaryOfSignificantAccountingPoliciesComprehensiveIncomeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesDetails" xlink:href="frt-20120630.xsd#SummaryOfSignificantAccountingPoliciesDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesPolicy" xlink:href="frt-20120630.xsd#SummaryOfSignificantAccountingPoliciesPolicy" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesTables" xlink:href="frt-20120630.xsd#SummaryOfSignificantAccountingPoliciesTables" xlink:type="simple" />
  <roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" xlink:type="simple" />
  <roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" xlink:type="simple" />
  <roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" xlink:type="simple" />
  <roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" xlink:type="simple" />
  <roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" xlink:type="simple" />
  <roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" xlink:type="simple" />
  <roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" xlink:type="simple" />
  <presentationLink xlink:role="http://www.federalrealty.com/role/BusinessAndOrganization" xlink:type="extended">
    <loc xlink:href="frt-20120630.xsd#frt_NatureOfOperationsAbstract" xlink:label="loc_frt_NatureOfOperationsAbstract_D06D9FFB3C958CD2103514E7EEDFA017" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="loc_us-gaap_NatureOfOperations_8F7B1E49C0478DD8BEBB14E7EEDF251A" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_NatureOfOperationsAbstract_D06D9FFB3C958CD2103514E7EEDFA017" xlink:to="loc_us-gaap_NatureOfOperations_8F7B1E49C0478DD8BEBB14E7EEDF251A" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/BusinessAndOrganizationDetails" xlink:type="extended">
    <loc xlink:href="frt-20120630.xsd#frt_NatureOfOperationsAbstract" xlink:label="loc_frt_NatureOfOperationsAbstract_C3772BA335E0D1ACBB0814E7EEEF8B08" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:label="loc_us-gaap_NumberOfRealEstateProperties_E421B89448BE4A84B15114E7EEEF3B32" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_NatureOfOperationsAbstract_C3772BA335E0D1ACBB0814E7EEEF8B08" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_E421B89448BE4A84B15114E7EEEF3B32" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_MinimumPercentageOfTaxableIncomeDistributedToShareholders" xlink:label="loc_frt_MinimumPercentageOfTaxableIncomeDistributedToShareholders_82596EB34B2DD254A18914E7EEEF8B0A" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_NatureOfOperationsAbstract_C3772BA335E0D1ACBB0814E7EEEF8B08" xlink:to="loc_frt_MinimumPercentageOfTaxableIncomeDistributedToShareholders_82596EB34B2DD254A18914E7EEEF8B0A" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/CommitmentsAndContingencies" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_7171AC1B0712A140162014E7EE62461E" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_410BE653FB8891CB4C3014E7EE629E1D" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_7171AC1B0712A140162014E7EE62461E" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_410BE653FB8891CB4C3014E7EE629E1D" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/CommitmentsAndContingenciesDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5EAB8140C9062AB87B90DE303EE6A9B0" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="loc_us-gaap_LossContingenciesTable_0D612D26430366F93C16DE303EE60637" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5EAB8140C9062AB87B90DE303EE6A9B0" xlink:to="loc_us-gaap_LossContingenciesTable_0D612D26430366F93C16DE303EE60637" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_4AEAF023B42EAB3C20F3DE303EE69982" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_0D612D26430366F93C16DE303EE60637" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_4AEAF023B42EAB3C20F3DE303EE69982" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_ACB16E69871FAC5B3BCCDE303EE663C6" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_4AEAF023B42EAB3C20F3DE303EE69982" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_ACB16E69871FAC5B3BCCDE303EE663C6" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ObligationToPurchaseMemberOneOwnershipInterestMember" xlink:label="loc_frt_ObligationToPurchaseMemberOneOwnershipInterestMember_BA852ABB8BA3BFC171A3DE303EE6A4AC" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_ACB16E69871FAC5B3BCCDE303EE663C6" xlink:to="loc_frt_ObligationToPurchaseMemberOneOwnershipInterestMember_BA852ABB8BA3BFC171A3DE303EE6A4AC" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ObligationToPurchaseMemberTwoOwnershipInterestMember" xlink:label="loc_frt_ObligationToPurchaseMemberTwoOwnershipInterestMember_57FC738D0071D325DC59DE303EF655D2" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_ACB16E69871FAC5B3BCCDE303EE663C6" xlink:to="loc_frt_ObligationToPurchaseMemberTwoOwnershipInterestMember_57FC738D0071D325DC59DE303EF655D2" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_OptionToPurchasePreferredInterestMember" xlink:label="loc_frt_OptionToPurchasePreferredInterestMember_3AA41FB515385F16BF8BDE303EF674C5" xlink:type="locator" />
    <presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_ACB16E69871FAC5B3BCCDE303EE663C6" xlink:to="loc_frt_OptionToPurchasePreferredInterestMember_3AA41FB515385F16BF8BDE303EF674C5" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ObligationToPurchaseMemberThreeOwnershipInterestMember" xlink:label="loc_frt_ObligationToPurchaseMemberThreeOwnershipInterestMember_E85D15ABF7B109527CBADE303EF66477" xlink:type="locator" />
    <presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_ACB16E69871FAC5B3BCCDE303EE663C6" xlink:to="loc_frt_ObligationToPurchaseMemberThreeOwnershipInterestMember_E85D15ABF7B109527CBADE303EF66477" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstatePropertiesAxis" xlink:label="loc_us-gaap_RealEstatePropertiesAxis_1F3E975E30E2E89FEC7FDE303EF60576" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_0D612D26430366F93C16DE303EE60637" xlink:to="loc_us-gaap_RealEstatePropertiesAxis_1F3E975E30E2E89FEC7FDE303EF60576" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstatePropertiesDomain" xlink:label="loc_us-gaap_RealEstatePropertiesDomain_2E673E15941875C168D6DE303EF6AD7D" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesAxis_1F3E975E30E2E89FEC7FDE303EF60576" xlink:to="loc_us-gaap_RealEstatePropertiesDomain_2E673E15941875C168D6DE303EF6AD7D" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_MercerMallMember" xlink:label="loc_frt_MercerMallMember_1941CA13EE5140A6B5E9DE303EF66522" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesDomain_2E673E15941875C168D6DE303EF6AD7D" xlink:to="loc_frt_MercerMallMember_1941CA13EE5140A6B5E9DE303EF66522" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_MelvilleMallMember" xlink:label="loc_frt_MelvilleMallMember_8E384147DEA98F6D73BCDE303EF6E158" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesDomain_2E673E15941875C168D6DE303EF6AD7D" xlink:to="loc_frt_MelvilleMallMember_8E384147DEA98F6D73BCDE303EF6E158" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_CongressionalPlazaMember" xlink:label="loc_frt_CongressionalPlazaMember_533ECA2A95EC5A0E84B4DE303EF6DB63" xlink:type="locator" />
    <presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesDomain_2E673E15941875C168D6DE303EF6AD7D" xlink:to="loc_frt_CongressionalPlazaMember_533ECA2A95EC5A0E84B4DE303EF6DB63" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ProjectInSouthernCaliforniaMember" xlink:label="loc_frt_ProjectInSouthernCaliforniaMember_81FFC579EEAF7C44D180DE303EF6947A" xlink:type="locator" />
    <presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesDomain_2E673E15941875C168D6DE303EF6AD7D" xlink:to="loc_frt_ProjectInSouthernCaliforniaMember_81FFC579EEAF7C44D180DE303EF6947A" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_PlazaElSegundoMember" xlink:label="loc_frt_PlazaElSegundoMember_3660DEDFCF3D53FE9B53DE303EF6BC1B" xlink:type="locator" />
    <presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesDomain_2E673E15941875C168D6DE303EF6AD7D" xlink:to="loc_frt_PlazaElSegundoMember_3660DEDFCF3D53FE9B53DE303EF6BC1B" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_MontroseCrossingMember" xlink:label="loc_frt_MontroseCrossingMember_3F39FF8A4836F9045152DE303EF6C456" xlink:type="locator" />
    <presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesDomain_2E673E15941875C168D6DE303EF6AD7D" xlink:to="loc_frt_MontroseCrossingMember_3F39FF8A4836F9045152DE303EF6C456" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_OptionByTypeAxis" xlink:label="loc_frt_OptionByTypeAxis_F70062952704DAEDB77FDE303EF6CC0F" xlink:type="locator" />
    <presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_0D612D26430366F93C16DE303EE60637" xlink:to="loc_frt_OptionByTypeAxis_F70062952704DAEDB77FDE303EF6CC0F" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_OptionByTypeDomain" xlink:label="loc_frt_OptionByTypeDomain_0689DDE7AD448163C8D8DE303EF6A9BD" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_OptionByTypeAxis_F70062952704DAEDB77FDE303EF6CC0F" xlink:to="loc_frt_OptionByTypeDomain_0689DDE7AD448163C8D8DE303EF6A9BD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PurchasedCallOptionMember" xlink:label="loc_us-gaap_PurchasedCallOptionMember_0BCAD51C076BAFB33AD8DE303EF63C35" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_OptionByTypeDomain_0689DDE7AD448163C8D8DE303EF6A9BD" xlink:to="loc_us-gaap_PurchasedCallOptionMember_0BCAD51C076BAFB33AD8DE303EF63C35" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PutOptionMember" xlink:label="loc_us-gaap_PutOptionMember_C745F777CB6D6E94D20FDE303EF61B6A" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_OptionByTypeDomain_0689DDE7AD448163C8D8DE303EF6A9BD" xlink:to="loc_us-gaap_PutOptionMember_C745F777CB6D6E94D20FDE303EF61B6A" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ContractualObligationAxis" xlink:label="loc_frt_ContractualObligationAxis_595B51FABE338D5F0B32DE303EF6DEDB" xlink:type="locator" />
    <presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_0D612D26430366F93C16DE303EE60637" xlink:to="loc_frt_ContractualObligationAxis_595B51FABE338D5F0B32DE303EF6DEDB" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ContractualObligationDomain" xlink:label="loc_frt_ContractualObligationDomain_6C774F6DEEC30991FB6ADE303EF6A269" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ContractualObligationAxis_595B51FABE338D5F0B32DE303EF6DEDB" xlink:to="loc_frt_ContractualObligationDomain_6C774F6DEEC30991FB6ADE303EF6A269" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_CapitalImprovementDevelopmentAndRedevelopmentProjectsMember" xlink:label="loc_frt_CapitalImprovementDevelopmentAndRedevelopmentProjectsMember_734C662CD3BBC4A8A72CDE303EF6E408" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ContractualObligationDomain_6C774F6DEEC30991FB6ADE303EF6A269" xlink:to="loc_frt_CapitalImprovementDevelopmentAndRedevelopmentProjectsMember_734C662CD3BBC4A8A72CDE303EF6E408" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_C1D44E03B3FFBC636200DE303EF63437" xlink:type="locator" />
    <presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_0D612D26430366F93C16DE303EE60637" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_C1D44E03B3FFBC636200DE303EF63437" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_C41B810490869043C3FEDE303EF6B829" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_C1D44E03B3FFBC636200DE303EF63437" xlink:to="loc_us-gaap_LossContingencyNatureDomain_C41B810490869043C3FEDE303EF6B829" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_BreachOfContractMember" xlink:label="loc_frt_BreachOfContractMember_BF398A7BDAAAAA185D40DE303EF6C219" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_C41B810490869043C3FEDE303EF6B829" xlink:to="loc_frt_BreachOfContractMember_BF398A7BDAAAAA185D40DE303EF6C219" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InsuranceSettlementMember" xlink:label="loc_us-gaap_InsuranceSettlementMember_E7EAC69D313DD35054AADE303EF655AE" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_C41B810490869043C3FEDE303EF6B829" xlink:to="loc_us-gaap_InsuranceSettlementMember_E7EAC69D313DD35054AADE303EF655AE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_F7FEB4219A643D22E512DE303EF65FD0" xlink:type="locator" />
    <presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_0D612D26430366F93C16DE303EE60637" xlink:to="loc_us-gaap_RangeAxis_F7FEB4219A643D22E512DE303EF65FD0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_00530789D8035273783EDE303EF618CF" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeAxis_F7FEB4219A643D22E512DE303EF65FD0" xlink:to="loc_us-gaap_RangeMember_00530789D8035273783EDE303EF618CF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_MinimumMember" xlink:label="loc_us-gaap_MinimumMember_F0E4068265C746958B24DE303EF622B5" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_00530789D8035273783EDE303EF618CF" xlink:to="loc_us-gaap_MinimumMember_F0E4068265C746958B24DE303EF622B5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_BAE3F826E7F93C128BC2DE303EF605AA" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_00530789D8035273783EDE303EF618CF" xlink:to="loc_us-gaap_MaximumMember_BAE3F826E7F93C128BC2DE303EF605AA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProductOrServiceAxis" xlink:label="loc_us-gaap_ProductOrServiceAxis_C4BC91F1463C069FBD54DE303EF6126B" xlink:type="locator" />
    <presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_0D612D26430366F93C16DE303EE60637" xlink:to="loc_us-gaap_ProductOrServiceAxis_C4BC91F1463C069FBD54DE303EF6126B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProductsAndServicesDomain" xlink:label="loc_us-gaap_ProductsAndServicesDomain_1120938610B26555A0DCDE303EF6DE25" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ProductOrServiceAxis_C4BC91F1463C069FBD54DE303EF6126B" xlink:to="loc_us-gaap_ProductsAndServicesDomain_1120938610B26555A0DCDE303EF6DE25" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_SantanaRowMember" xlink:label="loc_frt_SantanaRowMember_1E0B06CBC63C328AEA37DE303EF63BBF" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ProductsAndServicesDomain_1120938610B26555A0DCDE303EF6DE25" xlink:to="loc_frt_SantanaRowMember_1E0B06CBC63C328AEA37DE303EF63BBF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:type="locator" />
    <presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_0D612D26430366F93C16DE303EE60637" xlink:to="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_LossContingencyCourtDecisionAmount" xlink:label="loc_frt_LossContingencyCourtDecisionAmount_F95EDB5D296634212675DE303EF6140E" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:to="loc_frt_LossContingencyCourtDecisionAmount_F95EDB5D296634212675DE303EF6140E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:label="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_5BF9FB54BE41E236A671DE303EF6F5F3" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:to="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_5BF9FB54BE41E236A671DE303EF6F5F3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LossContingencyAccrualCarryingValuePeriodIncreaseDecrease" xlink:label="loc_us-gaap_LossContingencyAccrualCarryingValuePeriodIncreaseDecrease_A79B39D49F99846EE7E4DE303EF62AC6" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:to="loc_us-gaap_LossContingencyAccrualCarryingValuePeriodIncreaseDecrease_A79B39D49F99846EE7E4DE303EF62AC6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LitigationSettlementGross" xlink:label="loc_us-gaap_LitigationSettlementGross_163A151465DB0451974EDE303EF67B2E" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:to="loc_us-gaap_LitigationSettlementGross_163A151465DB0451974EDE303EF67B2E" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_WarrantyPeriod" xlink:label="loc_frt_WarrantyPeriod_2D0BB56D4DBDD4F8A9C9DE303EF6426F" xlink:type="locator" />
    <presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:to="loc_frt_WarrantyPeriod_2D0BB56D4DBDD4F8A9C9DE303EF6426F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProductWarrantyAccrual" xlink:label="loc_us-gaap_ProductWarrantyAccrual_7AE1336FE7E27CCC1532DE303EF6FD5C" xlink:type="locator" />
    <presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:to="loc_us-gaap_ProductWarrantyAccrual_7AE1336FE7E27CCC1532DE303EF6FD5C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProductWarrantyAccrualPayments" xlink:label="loc_us-gaap_ProductWarrantyAccrualPayments_425AAD3DCE2730999473DE303EF6D8F0" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:to="loc_us-gaap_ProductWarrantyAccrualPayments_425AAD3DCE2730999473DE303EF6D8F0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_5878969117D103C1AF0ADE303EF62F14" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:to="loc_us-gaap_LettersOfCreditOutstandingAmount_5878969117D103C1AF0ADE303EF62F14" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ContractualObligation" xlink:label="loc_us-gaap_ContractualObligation_7A017AABFBD1F4C740C1DE303EF64E30" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:to="loc_us-gaap_ContractualObligation_7A017AABFBD1F4C740C1DE303EF64E30" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_219E3500B12FB743728BDE303EF60A2A" xlink:type="locator" />
    <presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_219E3500B12FB743728BDE303EF60A2A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_8F46837824B57683A7DADE303EF66DFB" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_219E3500B12FB743728BDE303EF60A2A" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_8F46837824B57683A7DADE303EF66DFB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_7DC0E2CBE1949B7B8136DE303EF61340" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_219E3500B12FB743728BDE303EF60A2A" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_7DC0E2CBE1949B7B8136DE303EF61340" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_1E2A66D4E05D35A4651BDE303EF6F0E6" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_219E3500B12FB743728BDE303EF60A2A" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_1E2A66D4E05D35A4651BDE303EF6F0E6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_B726413A38284215571DDE303EF64E45" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_219E3500B12FB743728BDE303EF60A2A" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_B726413A38284215571DDE303EF64E45" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_AE8A14E494F7DA523994DE303EF65F25" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_219E3500B12FB743728BDE303EF60A2A" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_AE8A14E494F7DA523994DE303EF65F25" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_F878CB5B8BD4B62BEEE5DE303EF62C69" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_219E3500B12FB743728BDE303EF60A2A" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_F878CB5B8BD4B62BEEE5DE303EF62C69" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_5CEFD6DB96E6C58601DADE303EF6E5FC" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_219E3500B12FB743728BDE303EF60A2A" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_5CEFD6DB96E6C58601DADE303EF6E5FC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PartnersCapitalAccountUnits" xlink:label="loc_us-gaap_PartnersCapitalAccountUnits_40CDD9C7BA1167BE53BFDE303EF6B9F1" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:to="loc_us-gaap_PartnersCapitalAccountUnits_40CDD9C7BA1167BE53BFDE303EF6B9F1" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_OperatingPartnershipUnitsFairValue" xlink:label="loc_frt_OperatingPartnershipUnitsFairValue_6B27D9AB5D6D186163C5DE303EF60083" xlink:type="locator" />
    <presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_0794A92D956386204A30DE303EF68DBD" xlink:to="loc_frt_OperatingPartnershipUnitsFairValue_6B27D9AB5D6D186163C5DE303EF60083" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/CommitmentsAndContingenciesTables" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_8FA449BB728159E79B0814E7EEA1D3BE" xlink:type="locator" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncome" xlink:type="extended">
    <loc xlink:href="frt-20120630.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_EFF22CDE855BCFF0178814E7EF0E7365" xlink:type="locator" />
    <loc xlink:href="frt-20120630.xsd#frt_OperatingLeasesRevenueAndExpenseTextBlock" xlink:label="loc_frt_OperatingLeasesRevenueAndExpenseTextBlock_F9A09B741416928B102C14E7EF0EEB42" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_EFF22CDE855BCFF0178814E7EF0E7365" xlink:to="loc_frt_OperatingLeasesRevenueAndExpenseTextBlock_F9A09B741416928B102C14E7EF0EEB42" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeAndExpenseComponentsOfRentalExpensesDetails" xlink:type="extended">
    <loc xlink:href="frt-20120630.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_5F7499E0BDAD674ABEA214EC17153725" xlink:type="locator" />
    <loc xlink:href="frt-20120630.xsd#frt_ComponentsOfRentalExpenseTable" xlink:label="loc_frt_ComponentsOfRentalExpenseTable_3C55008B55051317F1C414EC171593DE" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_5F7499E0BDAD674ABEA214EC17153725" xlink:to="loc_frt_ComponentsOfRentalExpenseTable_3C55008B55051317F1C414EC171593DE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ComponentOfOtherOperatingCostAndExpenseGeneralAxis" xlink:label="loc_us-gaap_ComponentOfOtherOperatingCostAndExpenseGeneralAxis_37C155FDC42A7347318514EC17153150" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ComponentsOfRentalExpenseTable_3C55008B55051317F1C414EC171593DE" xlink:to="loc_us-gaap_ComponentOfOtherOperatingCostAndExpenseGeneralAxis_37C155FDC42A7347318514EC17153150" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ComponentOfOtherOperatingCostAndExpenseNameDomain" xlink:label="loc_us-gaap_ComponentOfOtherOperatingCostAndExpenseNameDomain_F05EA1A5629C0059855014EC1715BB2D" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComponentOfOtherOperatingCostAndExpenseGeneralAxis_37C155FDC42A7347318514EC17153150" xlink:to="loc_us-gaap_ComponentOfOtherOperatingCostAndExpenseNameDomain_F05EA1A5629C0059855014EC1715BB2D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems" xlink:label="loc_us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems_00211F729FFCAA4839A414EC171583EE" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ComponentsOfRentalExpenseTable_3C55008B55051317F1C414EC171593DE" xlink:to="loc_us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems_00211F729FFCAA4839A414EC171583EE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CostOfPropertyRepairsAndMaintenance" xlink:label="loc_us-gaap_CostOfPropertyRepairsAndMaintenance_FF5A2A19AFDEC65109CF14EC1725A525" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems_00211F729FFCAA4839A414EC171583EE" xlink:to="loc_us-gaap_CostOfPropertyRepairsAndMaintenance_FF5A2A19AFDEC65109CF14EC1725A525" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_UtilitiesCosts" xlink:label="loc_us-gaap_UtilitiesCosts_60F148394D15B241D77C14EC17259D94" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems_00211F729FFCAA4839A414EC171583EE" xlink:to="loc_us-gaap_UtilitiesCosts_60F148394D15B241D77C14EC17259D94" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ServiceManagementCosts" xlink:label="loc_us-gaap_ServiceManagementCosts_6EE1472A5E75D4A5178614EC17259903" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems_00211F729FFCAA4839A414EC171583EE" xlink:to="loc_us-gaap_ServiceManagementCosts_6EE1472A5E75D4A5178614EC17259903" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_PropertyPayrollExpense" xlink:label="loc_frt_PropertyPayrollExpense_3044A1D60071910925D414EC17257279" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems_00211F729FFCAA4839A414EC171583EE" xlink:to="loc_frt_PropertyPayrollExpense_3044A1D60071910925D414EC17257279" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProvisionForDoubtfulAccounts" xlink:label="loc_us-gaap_ProvisionForDoubtfulAccounts_AF947FD0450D76C8F21814EC1725F3C7" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems_00211F729FFCAA4839A414EC171583EE" xlink:to="loc_us-gaap_ProvisionForDoubtfulAccounts_AF947FD0450D76C8F21814EC1725F3C7" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_GroundRentExpense" xlink:label="loc_frt_GroundRentExpense_BBA47964BD401C8FB75E14EC172539D1" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems_00211F729FFCAA4839A414EC171583EE" xlink:to="loc_frt_GroundRentExpense_BBA47964BD401C8FB75E14EC172539D1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateInsurance" xlink:label="loc_us-gaap_RealEstateInsurance_2E540FA416A19AFEE1E414EC1725026E" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems_00211F729FFCAA4839A414EC171583EE" xlink:to="loc_us-gaap_RealEstateInsurance_2E540FA416A19AFEE1E414EC1725026E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_MarketingExpense" xlink:label="loc_us-gaap_MarketingExpense_E244D8C21CCBC497D22214EC1725AF38" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems_00211F729FFCAA4839A414EC171583EE" xlink:to="loc_us-gaap_MarketingExpense_E244D8C21CCBC497D22214EC1725AF38" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherCostOfOperatingRevenue" xlink:label="loc_us-gaap_OtherCostOfOperatingRevenue_72CEBB233639CDE19D8314EC172558A5" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems_00211F729FFCAA4839A414EC171583EE" xlink:to="loc_us-gaap_OtherCostOfOperatingRevenue_72CEBB233639CDE19D8314EC172558A5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:label="loc_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_A5486882BC219EA10C5914EC1725FE39" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComponentOfOperatingOtherCostAndExpenseLineItems_00211F729FFCAA4839A414EC171583EE" xlink:to="loc_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_A5486882BC219EA10C5914EC1725FE39" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfMinimumRentDetails" xlink:type="extended">
    <loc xlink:href="frt-20120630.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_E4D564F48A8AF6B2C854A099EFD0E26F" xlink:type="locator" />
    <loc xlink:href="frt-20120630.xsd#frt_ScheduleOfMinimumRentsTable" xlink:label="loc_frt_ScheduleOfMinimumRentsTable_6ADED80F1A313E1EAF0CA099EFD034DD" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_E4D564F48A8AF6B2C854A099EFD0E26F" xlink:to="loc_frt_ScheduleOfMinimumRentsTable_6ADED80F1A313E1EAF0CA099EFD034DD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_FAD8238563FACD7CD93CA099EFD0449F" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ScheduleOfMinimumRentsTable_6ADED80F1A313E1EAF0CA099EFD034DD" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_FAD8238563FACD7CD93CA099EFD0449F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_A126B61DB500E2FE31C7A099EFD0DC83" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_FAD8238563FACD7CD93CA099EFD0449F" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_A126B61DB500E2FE31C7A099EFD0DC83" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_BelowMarketLeasesMember" xlink:label="loc_us-gaap_BelowMarketLeasesMember_B7AC9864DABB902D83A4A099EFD09BE9" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_FAD8238563FACD7CD93CA099EFD0449F" xlink:to="loc_us-gaap_BelowMarketLeasesMember_B7AC9864DABB902D83A4A099EFD09BE9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AboveMarketLeasesMember" xlink:label="loc_us-gaap_AboveMarketLeasesMember_A7F631CD6577DA433974A099EFD05CDF" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_FAD8238563FACD7CD93CA099EFD0449F" xlink:to="loc_us-gaap_AboveMarketLeasesMember_A7F631CD6577DA433974A099EFD05CDF" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_MinimumRentLineItems" xlink:label="loc_frt_MinimumRentLineItems_030D0D9DCFFFD85146BFA099EFD042A9" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ScheduleOfMinimumRentsTable_6ADED80F1A313E1EAF0CA099EFD034DD" xlink:to="loc_frt_MinimumRentLineItems_030D0D9DCFFFD85146BFA099EFD042A9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StraightLineRent" xlink:label="loc_us-gaap_StraightLineRent_5D50139105106215A746A099EFD04934" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_MinimumRentLineItems_030D0D9DCFFFD85146BFA099EFD042A9" xlink:to="loc_us-gaap_StraightLineRent_5D50139105106215A746A099EFD04934" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_FiniteLivedIntangibleAssetLiabilitiesAmortizationExpense" xlink:label="loc_frt_FiniteLivedIntangibleAssetLiabilitiesAmortizationExpense_ECABDC3B52285D4CA238A099EFD0FE6D" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_MinimumRentLineItems_030D0D9DCFFFD85146BFA099EFD042A9" xlink:to="loc_frt_FiniteLivedIntangibleAssetLiabilitiesAmortizationExpense_ECABDC3B52285D4CA238A099EFD0FE6D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AmortizationOfAcquiredIntangibleAssets" xlink:label="loc_us-gaap_AmortizationOfAcquiredIntangibleAssets_6A5920EF68BB483FE93AA099EFD0AFE9" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_MinimumRentLineItems_030D0D9DCFFFD85146BFA099EFD042A9" xlink:to="loc_us-gaap_AmortizationOfAcquiredIntangibleAssets_6A5920EF68BB483FE93AA099EFD0AFE9" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_AmortizationOfAcquiredBelowMarketLeases" xlink:label="loc_frt_AmortizationOfAcquiredBelowMarketLeases_70A61BC39133AFAD4163A099EFD00ED1" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_MinimumRentLineItems_030D0D9DCFFFD85146BFA099EFD042A9" xlink:to="loc_frt_AmortizationOfAcquiredBelowMarketLeases_70A61BC39133AFAD4163A099EFD00ED1" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfPrincipalComponentsOfRentalIncomeDetails" xlink:type="extended">
    <loc xlink:href="frt-20120630.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_C0AF897678EFB8772992A63B84581075" xlink:type="locator" />
    <loc xlink:href="frt-20120630.xsd#frt_ComponentsOfRentalIncomeTable" xlink:label="loc_frt_ComponentsOfRentalIncomeTable_AB3F5CBC8892AB989407A63B84586D1B" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_C0AF897678EFB8772992A63B84581075" xlink:to="loc_frt_ComponentsOfRentalIncomeTable_AB3F5CBC8892AB989407A63B84586D1B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProductOrServiceAxis" xlink:label="loc_us-gaap_ProductOrServiceAxis_A471572424A8C89D26E5A63B84588A80" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ComponentsOfRentalIncomeTable_AB3F5CBC8892AB989407A63B84586D1B" xlink:to="loc_us-gaap_ProductOrServiceAxis_A471572424A8C89D26E5A63B84588A80" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProductsAndServicesDomain" xlink:label="loc_us-gaap_ProductsAndServicesDomain_F9A49C4F248DF3B00DEDA63B84588FC5" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ProductOrServiceAxis_A471572424A8C89D26E5A63B84588A80" xlink:to="loc_us-gaap_ProductsAndServicesDomain_F9A49C4F248DF3B00DEDA63B84588FC5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommercialRealEstateMember" xlink:label="loc_us-gaap_CommercialRealEstateMember_019CC168154D0CC6EA45A63B84588AB1" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ProductsAndServicesDomain_F9A49C4F248DF3B00DEDA63B84588FC5" xlink:to="loc_us-gaap_CommercialRealEstateMember_019CC168154D0CC6EA45A63B84588AB1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ResidentialRealEstateMember" xlink:label="loc_us-gaap_ResidentialRealEstateMember_3482E1407562B5CFBE0DA63B84588B79" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ProductsAndServicesDomain_F9A49C4F248DF3B00DEDA63B84588FC5" xlink:to="loc_us-gaap_ResidentialRealEstateMember_3482E1407562B5CFBE0DA63B84588B79" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_4DF6C2805992F7606F6BA63B8458B775" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ComponentsOfRentalIncomeTable_AB3F5CBC8892AB989407A63B84586D1B" xlink:to="loc_us-gaap_StatementLineItems_4DF6C2805992F7606F6BA63B8458B775" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue" xlink:label="loc_us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue_A93DC19790B127F75507A63B8458CB22" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4DF6C2805992F7606F6BA63B8458B775" xlink:to="loc_us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue_A93DC19790B127F75507A63B8458CB22" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_TenantReimbursements" xlink:label="loc_us-gaap_TenantReimbursements_7E98654A8E99838B83DCA63B8458DE34" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4DF6C2805992F7606F6BA63B8458B775" xlink:to="loc_us-gaap_TenantReimbursements_7E98654A8E99838B83DCA63B8458DE34" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PercentageRent" xlink:label="loc_us-gaap_PercentageRent_73274C3562C47849EA65A63B8458C219" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4DF6C2805992F7606F6BA63B8458B775" xlink:to="loc_us-gaap_PercentageRent_73274C3562C47849EA65A63B8458C219" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_OtherRentalIncome" xlink:label="loc_frt_OtherRentalIncome_81CAD6AEA983900AB370A63B84588E47" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4DF6C2805992F7606F6BA63B8458B775" xlink:to="loc_frt_OtherRentalIncome_81CAD6AEA983900AB370A63B84588E47" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_RentalIncome" xlink:label="loc_frt_RentalIncome_8BC6BCEFFD48B6EBF369A63B8458D715" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4DF6C2805992F7606F6BA63B8458B775" xlink:to="loc_frt_RentalIncome_8BC6BCEFFD48B6EBF369A63B8458D715" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeTables" xlink:type="extended">
    <loc xlink:href="frt-20120630.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_7B77F9B8317D186C54C314E7EE62E3D0" xlink:type="locator" />
    <loc xlink:href="frt-20120630.xsd#frt_ScheduleOfComponentOfRentalIncomeTableTextBlock" xlink:label="loc_frt_ScheduleOfComponentOfRentalIncomeTableTextBlock_D8E742F432F74625C89414E7EE62BB61" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_7B77F9B8317D186C54C314E7EE62E3D0" xlink:to="loc_frt_ScheduleOfComponentOfRentalIncomeTableTextBlock_D8E742F432F74625C89414E7EE62BB61" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ScheduleOfMinimumRentsComponentsTableTextblock" xlink:label="loc_frt_ScheduleOfMinimumRentsComponentsTableTextblock_0EF0E16041DA210488FF14E7EE62AE74" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_7B77F9B8317D186C54C314E7EE62E3D0" xlink:to="loc_frt_ScheduleOfMinimumRentsComponentsTableTextblock_0EF0E16041DA210488FF14E7EE62AE74" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ConsolidatedBalanceSheets" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_16D3BE7635B681C02341C4849DED9E00" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_EA9B03461E7A3A84C898C4849DED5670" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_16D3BE7635B681C02341C4849DED9E00" xlink:to="loc_us-gaap_StatementTable_EA9B03461E7A3A84C898C4849DED5670" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis_1540C0FB6DEB081BB539C4849DED8626" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_EA9B03461E7A3A84C898C4849DED5670" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis_1540C0FB6DEB081BB539C4849DED8626" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_4F240B37BA0DA533857BC4849DED5DFC" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis_1540C0FB6DEB081BB539C4849DED8626" xlink:to="loc_us-gaap_FairValueDisclosureItemAmountsDomain_4F240B37BA0DA533857BC4849DED5DFC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_797A57E18DE44E92BD47C4849DEDA2D0" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_4F240B37BA0DA533857BC4849DED5DFC" xlink:to="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_797A57E18DE44E92BD47C4849DEDA2D0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_F47F83A11FD90D890890C4849DED2E85" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_EA9B03461E7A3A84C898C4849DED5670" xlink:to="loc_dei_LegalEntityAxis_F47F83A11FD90D890890C4849DED2E85" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_4876EC9780B1973C5C60C4849DED70F1" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_F47F83A11FD90D890890C4849DED2E85" xlink:to="loc_dei_EntityDomain_4876EC9780B1973C5C60C4849DED70F1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_8D44DD909AD909DEB319C4849DED4AA7" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_EA9B03461E7A3A84C898C4849DED5670" xlink:to="loc_us-gaap_StatementLineItems_8D44DD909AD909DEB319C4849DED4AA7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8D44DD909AD909DEB319C4849DED4AA7" xlink:to="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RentalProperties" xlink:label="loc_us-gaap_RentalProperties_6345CFF1EE695E6CFA0FC4849DED768A" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:to="loc_us-gaap_RentalProperties_6345CFF1EE695E6CFA0FC4849DED768A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:label="loc_us-gaap_ConstructionInProgressGross_83F75A5B160F88A1EEA7C4849DED2851" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:to="loc_us-gaap_ConstructionInProgressGross_83F75A5B160F88A1EEA7C4849DED2851" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAtCost_F9863A59FBB5929FDD98C4849DED34DE" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAtCost_F9863A59FBB5929FDD98C4849DED34DE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_6449A219AEFF880F022BC4849DEDDFB9" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_6449A219AEFF880F022BC4849DEDDFB9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_5A1A4BEB1140D61171ABC4849DEDD7FC" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_5A1A4BEB1140D61171ABC4849DEDD7FC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_BCDF7051BD742E5871CFC4849DED7834" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_BCDF7051BD742E5871CFC4849DED7834" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountsAndNotesReceivableNet" xlink:label="loc_us-gaap_AccountsAndNotesReceivableNet_951232D4180BC94C333BC4849DED8565" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:to="loc_us-gaap_AccountsAndNotesReceivableNet_951232D4180BC94C333BC4849DED8565" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_21D510A3192F7C6E2A80C4849DEDD2AF" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:to="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_21D510A3192F7C6E2A80C4849DEDD2AF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_E9CBD0D1B84787C79CD1C4849DED3A3C" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:to="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_E9CBD0D1B84787C79CD1C4849DED3A3C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssets" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssets_28F99A5EE29EC4835A6EC4849DED0C3F" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssets_28F99A5EE29EC4835A6EC4849DED0C3F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_68EF3C511B227984636AC4849DED2134" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_68EF3C511B227984636AC4849DED2134" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_5128E384D336BC0A9877C4849DED3169" xlink:type="locator" />
    <presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_7100FCF6372D0A263352C4849DED335F" xlink:to="loc_us-gaap_Assets_5128E384D336BC0A9877C4849DED3169" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8D44DD909AD909DEB319C4849DED4AA7" xlink:to="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SecuredDebt" xlink:label="loc_us-gaap_SecuredDebt_2EAB3D17C80C22366D5CC4849DEDE2FE" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:to="loc_us-gaap_SecuredDebt_2EAB3D17C80C22366D5CC4849DEDE2FE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CapitalLeaseObligations" xlink:label="loc_us-gaap_CapitalLeaseObligations_AAB0A60E31F61E45F3E4C4849DED5A99" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:to="loc_us-gaap_CapitalLeaseObligations_AAB0A60E31F61E45F3E4C4849DED5A99" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NotesPayable" xlink:label="loc_us-gaap_NotesPayable_4FE7C8FDCCAD28818F31C4849DFDD2A1" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:to="loc_us-gaap_NotesPayable_4FE7C8FDCCAD28818F31C4849DFDD2A1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SeniorNotes" xlink:label="loc_us-gaap_SeniorNotes_5BFAB1017F51CCD9D44DC4849DFD418B" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:to="loc_us-gaap_SeniorNotes_5BFAB1017F51CCD9D44DC4849DFD418B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_FBAF467E36164659B8AFC4849DFDBC3D" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_FBAF467E36164659B8AFC4849DFDBC3D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_4DB2D1FA3BC26EC615E1C4849DFD60D1" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:to="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_4DB2D1FA3BC26EC615E1C4849DFD60D1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SecurityDepositLiability" xlink:label="loc_us-gaap_SecurityDepositLiability_CEA923F937B54B258A21C4849DFDAD6E" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:to="loc_us-gaap_SecurityDepositLiability_CEA923F937B54B258A21C4849DFDAD6E" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_OtherLiabilitiesAndDeferredCredits" xlink:label="loc_frt_OtherLiabilitiesAndDeferredCredits_921E5AEF95AD1C46FE73C4849DFDC70A" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:to="loc_frt_OtherLiabilitiesAndDeferredCredits_921E5AEF95AD1C46FE73C4849DFDC70A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_3639B24EA2A3D5A70AD2C4849DFDE7EC" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:to="loc_us-gaap_Liabilities_3639B24EA2A3D5A70AD2C4849DFDE7EC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies_B1643F61E6AF1D68B7E3C4849DFDE871" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:to="loc_us-gaap_CommitmentsAndContingencies_B1643F61E6AF1D68B7E3C4849DFDE871" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_6B67E6A3D94BEE8A3597C4849DFDE22B" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_C6CA7CF6A8BA78752E66C4849DED663A" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_6B67E6A3D94BEE8A3597C4849DFDE22B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7F14C61C6E2A75C46ED1C4849DFD53B4" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8D44DD909AD909DEB319C4849DED4AA7" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7F14C61C6E2A75C46ED1C4849DFD53B4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="loc_us-gaap_PreferredStockValue_E0FDD1E8E801EC9FBD25C4849DFD323E" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7F14C61C6E2A75C46ED1C4849DFD53B4" xlink:to="loc_us-gaap_PreferredStockValue_E0FDD1E8E801EC9FBD25C4849DFD323E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_A8C5D02D5CC113C19CB2C4849DFD31C3" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7F14C61C6E2A75C46ED1C4849DFD53B4" xlink:to="loc_us-gaap_CommonStockValue_A8C5D02D5CC113C19CB2C4849DFD31C3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_2BA3D280F1212DF89556C4849DFD4A0C" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7F14C61C6E2A75C46ED1C4849DFD53B4" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_2BA3D280F1212DF89556C4849DFD4A0C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncome" xlink:label="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncome_BB40D49DE6D4B102AF00C4849DFDBE89" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7F14C61C6E2A75C46ED1C4849DFD53B4" xlink:to="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncome_BB40D49DE6D4B102AF00C4849DFDBE89" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_26677D07474789D9A560C4849DFD31AC" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7F14C61C6E2A75C46ED1C4849DFD53B4" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_26677D07474789D9A560C4849DFD31AC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_B39622FCA70B92AC44B7C4849DFDAA4E" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7F14C61C6E2A75C46ED1C4849DFD53B4" xlink:to="loc_us-gaap_StockholdersEquity_B39622FCA70B92AC44B7C4849DFDAA4E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_1CEA33718C38A59F9743C4849DFD5BD4" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7F14C61C6E2A75C46ED1C4849DFD53B4" xlink:to="loc_us-gaap_MinorityInterest_1CEA33718C38A59F9743C4849DFD5BD4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_F797F03BCE07B0733FFFC4849DFD35E4" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7F14C61C6E2A75C46ED1C4849DFD53B4" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_F797F03BCE07B0733FFFC4849DFD35E4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_689FCB8EE642DA2A29CFC4849DFD2115" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7F14C61C6E2A75C46ED1C4849DFD53B4" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_689FCB8EE642DA2A29CFC4849DFD2115" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ConsolidatedBalanceSheetsParentheticals" xlink:type="extended">
    <loc xlink:href="frt-20120630.xsd#frt_ConsolidatedBalanceSheetsParentheticalAbstract" xlink:label="loc_frt_ConsolidatedBalanceSheetsParentheticalAbstract_B0B832BAF1D6558501EFB605DC3FD6EB" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_9D2B42CEF23F65CC7491B605DC3FE37E" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ConsolidatedBalanceSheetsParentheticalAbstract_B0B832BAF1D6558501EFB605DC3FD6EB" xlink:to="loc_us-gaap_StatementTable_9D2B42CEF23F65CC7491B605DC3FE37E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_9019188DF08A948C72B8B605DC3F6BCB" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_9D2B42CEF23F65CC7491B605DC3FE37E" xlink:to="loc_us-gaap_StatementScenarioAxis_9019188DF08A948C72B8B605DC3F6BCB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_3540892802AAECBA0066B605DC3F1DC6" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementScenarioAxis_9019188DF08A948C72B8B605DC3F6BCB" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_3540892802AAECBA0066B605DC3F1DC6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_9D2B42CEF23F65CC7491B605DC3FE37E" xlink:to="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_OperatingRealEstateFromConsolidatedVariableInterestEntities" xlink:label="loc_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_DBB692B626C36EE92AF7B605DC3F487B" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_DBB692B626C36EE92AF7B605DC3F487B" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_AssetsHeldForDisposalFromConsolidatedVariableInterestEntities" xlink:label="loc_frt_AssetsHeldForDisposalFromConsolidatedVariableInterestEntities_3ABA076A8D2ADCD6FF32B605DC3F0543" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_frt_AssetsHeldForDisposalFromConsolidatedVariableInterestEntities_3ABA076A8D2ADCD6FF32B605DC3F0543" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities" xlink:label="loc_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_A202768F2784F0B49543B605DC3F1E8C" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_A202768F2784F0B49543B605DC3F1E8C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccumulatedAmortizationDeferredFinanceCosts" xlink:label="loc_us-gaap_AccumulatedAmortizationDeferredFinanceCosts_92DB2C6350B81E36CB45B605DC3FC83A" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_us-gaap_AccumulatedAmortizationDeferredFinanceCosts_92DB2C6350B81E36CB45B605DC3FC83A" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_MortgagePayableFromConsolidatedVariableInterestEntities" xlink:label="loc_frt_MortgagePayableFromConsolidatedVariableInterestEntities_8D4E1A4868FDB786A7E9B605DC3FE660" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_frt_MortgagePayableFromConsolidatedVariableInterestEntities_8D4E1A4868FDB786A7E9B605DC3FE660" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="loc_us-gaap_PreferredStockSharesAuthorized_943A40FD937F1439B673B605DC3F684A" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_us-gaap_PreferredStockSharesAuthorized_943A40FD937F1439B673B605DC3F684A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare_C71F29808B8003FCA1CCB605DC3F1DD7" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_us-gaap_PreferredStockParOrStatedValuePerShare_C71F29808B8003FCA1CCB605DC3F1DD7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="loc_us-gaap_PreferredStockDividendRatePercentage_C2E70F0B056344545E31B605DC3FDDA4" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_C2E70F0B056344545E31B605DC3FDDA4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockLiquidationPreference" xlink:label="loc_us-gaap_PreferredStockLiquidationPreference_5B71CA55F5FF5BEBCAEBB605DC3F1C3D" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_us-gaap_PreferredStockLiquidationPreference_5B71CA55F5FF5BEBCAEBB605DC3F1C3D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="loc_us-gaap_PreferredStockSharesIssued_B0E67A9293020D580C87B605DC3FED08" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_us-gaap_PreferredStockSharesIssued_B0E67A9293020D580C87B605DC3FED08" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_E6D3907B9A349EABF296B605DC3F9AAD" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_E6D3907B9A349EABF296B605DC3F9AAD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_789EDB9622678BBF51EBB605DC3F19AD" xlink:type="locator" />
    <presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_789EDB9622678BBF51EBB605DC3F19AD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_98D68D4F8C4B3C4770A7B605DC3FE465" xlink:type="locator" />
    <presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_98D68D4F8C4B3C4770A7B605DC3FE465" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaap_CommonStockSharesIssued_74FBA90C2903F6113AAEB605DC3F6861" xlink:type="locator" />
    <presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_us-gaap_CommonStockSharesIssued_74FBA90C2903F6113AAEB605DC3F6861" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_E4510D6876DA9823CD81B605DC3F7D03" xlink:type="locator" />
    <presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EEB1D15DCDEB1E1F8D22B605DC3F602A" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_E4510D6876DA9823CD81B605DC3F7D03" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ConsolidatedEquityStmtParentheticalParentheticals" xlink:type="extended">
    <loc xlink:href="frt-20120630.xsd#frt_ConsolidatedEquityStmtParentheticalAbstract" xlink:label="loc_frt_ConsolidatedEquityStmtParentheticalAbstract_ED5922A8E554BFA8A177C4C9B3C37BF4" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_5E7E72631F95F739200EC4C9B8068F7C" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ConsolidatedEquityStmtParentheticalAbstract_ED5922A8E554BFA8A177C4C9B3C37BF4" xlink:to="loc_us-gaap_StatementTable_5E7E72631F95F739200EC4C9B8068F7C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_813AC8FD0BACE87DA069C4C9B806D71A" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_5E7E72631F95F739200EC4C9B8068F7C" xlink:to="loc_us-gaap_StatementScenarioAxis_813AC8FD0BACE87DA069C4C9B806D71A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_8B31E9CC85A4DBA6F878C4C9B806065F" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementScenarioAxis_813AC8FD0BACE87DA069C4C9B806D71A" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_8B31E9CC85A4DBA6F878C4C9B806065F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CreationDateAxis" xlink:label="loc_us-gaap_CreationDateAxis_9BC8F3430C9B82FFF6FCC4C9B806C4FA" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_5E7E72631F95F739200EC4C9B8068F7C" xlink:to="loc_us-gaap_CreationDateAxis_9BC8F3430C9B82FFF6FCC4C9B806C4FA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DefaultFinancialStatementsDateMember" xlink:label="loc_us-gaap_DefaultFinancialStatementsDateMember_8F5700F74722EC48E173C4C9B806C3F9" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreationDateAxis_9BC8F3430C9B82FFF6FCC4C9B806C4FA" xlink:to="loc_us-gaap_DefaultFinancialStatementsDateMember_8F5700F74722EC48E173C4C9B806C3F9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_CC80855C4A35CAC2B5E9C4C9B8063F53" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_5E7E72631F95F739200EC4C9B8068F7C" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_CC80855C4A35CAC2B5E9C4C9B8063F53" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_4CC2D77C305901EA91D8C4C9B81601D9" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_CC80855C4A35CAC2B5E9C4C9B8063F53" xlink:to="loc_us-gaap_EquityComponentDomain_4CC2D77C305901EA91D8C4C9B81601D9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_A384AAD67A5359C21B5CC4C9B816CCDB" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_5E7E72631F95F739200EC4C9B8068F7C" xlink:to="loc_us-gaap_StatementClassOfStockAxis_A384AAD67A5359C21B5CC4C9B816CCDB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_C7FBE516BC33CBA13371C4C9B81682F6" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_A384AAD67A5359C21B5CC4C9B816CCDB" xlink:to="loc_us-gaap_ClassOfStockDomain_C7FBE516BC33CBA13371C4C9B81682F6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7E988328CA54CCC078CEC4C9B816B3BA" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_5E7E72631F95F739200EC4C9B8068F7C" xlink:to="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7E988328CA54CCC078CEC4C9B816B3BA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:label="loc_us-gaap_TypeOfAdoptionMember_40CB1B4D8EE49ECACC7DC4C9B81636B5" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7E988328CA54CCC078CEC4C9B816B3BA" xlink:to="loc_us-gaap_TypeOfAdoptionMember_40CB1B4D8EE49ECACC7DC4C9B81636B5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AdjustmentsForChangeInAccountingPrincipleAxis" xlink:label="loc_us-gaap_AdjustmentsForChangeInAccountingPrincipleAxis_08D886CA8407B95E63DDC4C9B816B064" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_5E7E72631F95F739200EC4C9B8068F7C" xlink:to="loc_us-gaap_AdjustmentsForChangeInAccountingPrincipleAxis_08D886CA8407B95E63DDC4C9B816B064" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ChangeInAccountingPrincipleMember" xlink:label="loc_us-gaap_ChangeInAccountingPrincipleMember_CF480AF25FC4E3D6B2A1C4C9B8162DAD" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsForChangeInAccountingPrincipleAxis_08D886CA8407B95E63DDC4C9B816B064" xlink:to="loc_us-gaap_ChangeInAccountingPrincipleMember_CF480AF25FC4E3D6B2A1C4C9B8162DAD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:label="loc_us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis_3A4181DDF0CF1DCB68C0C4C9B8161E9E" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_5E7E72631F95F739200EC4C9B8068F7C" xlink:to="loc_us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis_3A4181DDF0CF1DCB68C0C4C9B8161E9E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AdjustmentsForErrorCorrectionDomain" xlink:label="loc_us-gaap_AdjustmentsForErrorCorrectionDomain_B0B40C1107B8902F4BA0C4C9B8166409" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis_3A4181DDF0CF1DCB68C0C4C9B8161E9E" xlink:to="loc_us-gaap_AdjustmentsForErrorCorrectionDomain_B0B40C1107B8902F4BA0C4C9B8166409" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_89EF9C8195962EC1F415C4C9B816EF8B" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_5E7E72631F95F739200EC4C9B8068F7C" xlink:to="loc_us-gaap_StatementLineItems_89EF9C8195962EC1F415C4C9B816EF8B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_1A7214EF5E97860AE717C4CA68A55CDC" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_89EF9C8195962EC1F415C4C9B816EF8B" xlink:to="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_1A7214EF5E97860AE717C4CA68A55CDC" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ConsolidatedStatementOfShareholdersEquity" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_A030F7608F2848871EFAC50EAFC2EDCB" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_9E973D236BBD62485EA2C50EAFC25C4A" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_A030F7608F2848871EFAC50EAFC2EDCB" xlink:to="loc_us-gaap_StatementTable_9E973D236BBD62485EA2C50EAFC25C4A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_842D3DB03A82AECCCC79C50EAFC2DDB3" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_9E973D236BBD62485EA2C50EAFC25C4A" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_842D3DB03A82AECCCC79C50EAFC2DDB3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_FFF25B41D9BB738982C6C50EAFC2610B" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_842D3DB03A82AECCCC79C50EAFC2DDB3" xlink:to="loc_us-gaap_EquityComponentDomain_FFF25B41D9BB738982C6C50EAFC2610B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="loc_us-gaap_PreferredStockMember_6F94B94DB3145EE1A4F5C50EAFC26914" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_FFF25B41D9BB738982C6C50EAFC2610B" xlink:to="loc_us-gaap_PreferredStockMember_6F94B94DB3145EE1A4F5C50EAFC26914" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_D5A6067BB6558149C8D0C50EAFC2450A" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_FFF25B41D9BB738982C6C50EAFC2610B" xlink:to="loc_us-gaap_CommonStockMember_D5A6067BB6558149C8D0C50EAFC2450A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_A4BBE16315387DF51033C50EAFC27895" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_FFF25B41D9BB738982C6C50EAFC2610B" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_A4BBE16315387DF51033C50EAFC27895" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:label="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_BF0B23D63FB656A12DD3C50EAFC29801" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_FFF25B41D9BB738982C6C50EAFC2610B" xlink:to="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_BF0B23D63FB656A12DD3C50EAFC29801" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_ACE1998F044FA088510CC50EAFC2CBEF" xlink:type="locator" />
    <presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_FFF25B41D9BB738982C6C50EAFC2610B" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_ACE1998F044FA088510CC50EAFC2CBEF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="loc_us-gaap_NoncontrollingInterestMember_3D7218D79494C0719B18C50EAFC29C89" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_FFF25B41D9BB738982C6C50EAFC2610B" xlink:to="loc_us-gaap_NoncontrollingInterestMember_3D7218D79494C0719B18C50EAFC29C89" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_9E973D236BBD62485EA2C50EAFC25C4A" xlink:to="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="loc_us-gaap_SharesOutstanding_3AE7E64FDF6FAB9479FEC50EAFC2DF09" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_SharesOutstanding_3AE7E64FDF6FAB9479FEC50EAFC2DF09" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_D4183711B7D8BA1C0741C50EAFC20E2A" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_D4183711B7D8BA1C0741C50EAFC20E2A" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ProfitLossExcludingRedeemableNoncontrollingInterests" xlink:label="loc_frt_ProfitLossExcludingRedeemableNoncontrollingInterests_1F651332C69921FF363EC50EAFC2B3B5" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_frt_ProfitLossExcludingRedeemableNoncontrollingInterests_1F651332C69921FF363EC50EAFC2B3B5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_5B2A57398BE6801E4110C50EAFC2BF52" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_5B2A57398BE6801E4110C50EAFC2BF52" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:label="loc_us-gaap_DividendsCommonStockCash_BA4BA3D0232B5157901DC50EAFC2225B" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_DividendsCommonStockCash_BA4BA3D0232B5157901DC50EAFC2225B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DividendsPreferredStockCash" xlink:label="loc_us-gaap_DividendsPreferredStockCash_4AA967380F490B4950C5C50EAFC27B48" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_DividendsPreferredStockCash_4AA967380F490B4950C5C50EAFC27B48" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_598701160361B2E9C3D3C50EAFC256E0" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_598701160361B2E9C3D3C50EAFC256E0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_6FB6572D4B972A6321A8C50EAFC2DF8A" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_6FB6572D4B972A6321A8C50EAFC2DF8A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_876E477E19E1ED2E5F66C50EAFC22981" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_876E477E19E1ED2E5F66C50EAFC22981" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_45D0357DCE708987D1A3C50EAFC295A8" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_45D0357DCE708987D1A3C50EAFC295A8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_A0FA0B1518E0CB56E444C50EAFC220E2" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_A0FA0B1518E0CB56E444C50EAFC220E2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_476AFF3E681816E3725DC50EAFC26355" xlink:type="locator" />
    <presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_476AFF3E681816E3725DC50EAFC26355" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_7159C33EFC42DD5F0AFEC50EAFC245FB" xlink:type="locator" />
    <presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_7159C33EFC42DD5F0AFEC50EAFC245FB" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ShareBasedCompensationExpenseNetShares" xlink:label="loc_frt_ShareBasedCompensationExpenseNetShares_19F0E9727CD1DFF3F63FC50EAFC278DD" xlink:type="locator" />
    <presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_frt_ShareBasedCompensationExpenseNetShares_19F0E9727CD1DFF3F63FC50EAFC278DD" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ShareBasedCompensationExpenseNetValue" xlink:label="loc_frt_ShareBasedCompensationExpenseNetValue_A52937F9C12D0DF5C988C50EAFC2B562" xlink:type="locator" />
    <presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_frt_ShareBasedCompensationExpenseNetValue_A52937F9C12D0DF5C988C50EAFC2B562" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares" xlink:label="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_9ABF49891B8DC9CEC382C50EAFC23401" xlink:type="locator" />
    <presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_9ABF49891B8DC9CEC382C50EAFC23401" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ConversionAndRedemptionOfOperatingPartnershipUnits" xlink:label="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnits_71728D49730D32C0B8DCC50EAFC26DDD" xlink:type="locator" />
    <presentationArc order="17" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnits_71728D49730D32C0B8DCC50EAFC26DDD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromRedemptions_2F1BB9EF0C6219E69B4FC50EAFC2FEEF" xlink:type="locator" />
    <presentationArc order="18" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromRedemptions_2F1BB9EF0C6219E69B4FC50EAFC2FEEF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:label="loc_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation_E1A1CE93F7B26701778FC50EAFC23281" xlink:type="locator" />
    <presentationArc order="19" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation_E1A1CE93F7B26701778FC50EAFC23281" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:label="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_DFED1EE8E7A29BAAA9EDC50EAFC2C2EF" xlink:type="locator" />
    <presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_DFED1EE8E7A29BAAA9EDC50EAFC2C2EF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockholdersEquityOther" xlink:label="loc_us-gaap_StockholdersEquityOther_55A0EF829CA2DA85A48BC50EAFC2A19D" xlink:type="locator" />
    <presentationArc order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_StockholdersEquityOther_55A0EF829CA2DA85A48BC50EAFC2A19D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="loc_us-gaap_SharesOutstanding_3C9F2EFDCB6E5DADE906C50EAFC28ECD" xlink:type="locator" />
    <presentationArc order="22" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_SharesOutstanding_3C9F2EFDCB6E5DADE906C50EAFC28ECD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_29888FA805DCBB1E21FCC50EAFC24D95" xlink:type="locator" />
    <presentationArc order="23" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_7111C6F0EED39AB14E66C50EAFC28AA4" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_29888FA805DCBB1E21FCC50EAFC24D95" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ConsolidatedStatementsOfCashFlows" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_9745476D7E2830FE9DFBCA49C61FC76B" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_49DEF53CCD1EEEFD4C65CA49C61FBA22" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_9745476D7E2830FE9DFBCA49C61FC76B" xlink:to="loc_us-gaap_StatementTable_49DEF53CCD1EEEFD4C65CA49C61FBA22" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_D4EBA32D3B50E8CD285FCA49C61FBD65" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_49DEF53CCD1EEEFD4C65CA49C61FBA22" xlink:to="loc_dei_LegalEntityAxis_D4EBA32D3B50E8CD285FCA49C61FBD65" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_3FA25CC8F635A3135E7BCA49C61F78B9" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_D4EBA32D3B50E8CD285FCA49C61FBD65" xlink:to="loc_dei_EntityDomain_3FA25CC8F635A3135E7BCA49C61F78B9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_9DDD7A1D8CD6E00837EBCA49C61FE569" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_49DEF53CCD1EEEFD4C65CA49C61FBA22" xlink:to="loc_us-gaap_StatementLineItems_9DDD7A1D8CD6E00837EBCA49C61FE569" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_6C83E75111569F649CA4CA49C61FAA2D" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_9DDD7A1D8CD6E00837EBCA49C61FE569" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_6C83E75111569F649CA4CA49C61FAA2D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_2245641776DCB6A96BDECA49C61F1860" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_6C83E75111569F649CA4CA49C61FAA2D" xlink:to="loc_us-gaap_ProfitLoss_2245641776DCB6A96BDECA49C61F1860" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_6801EB1711AACC3F57FBCA49C61FF6C2" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_6C83E75111569F649CA4CA49C61FAA2D" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_6801EB1711AACC3F57FBCA49C61FF6C2" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_AdjustmentDepreciationAndAmortization" xlink:label="loc_frt_AdjustmentDepreciationAndAmortization_673D086B685456110114CA49C61FFCD1" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_6801EB1711AACC3F57FBCA49C61FF6C2" xlink:to="loc_frt_AdjustmentDepreciationAndAmortization_673D086B685456110114CA49C61FFCD1" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_GainLossOnSaleOfPropertiesInRealEstatePartnership" xlink:label="loc_frt_GainLossOnSaleOfPropertiesInRealEstatePartnership_2C6EDC1029E905ECAA4CCA49C61F4C77" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_6801EB1711AACC3F57FBCA49C61FF6C2" xlink:to="loc_frt_GainLossOnSaleOfPropertiesInRealEstatePartnership_2C6EDC1029E905ECAA4CCA49C61F4C77" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" xlink:label="loc_us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax_462028EFCA3508035CC4CA49C61FBA54" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_6801EB1711AACC3F57FBCA49C61FF6C2" xlink:to="loc_us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax_462028EFCA3508035CC4CA49C61FBA54" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_DiscontinuedOperationGainOnDeconsolidationOfVariableInterestEntity" xlink:label="loc_frt_DiscontinuedOperationGainOnDeconsolidationOfVariableInterestEntity_3D2A8A704CD584B952C0CA49C61FB5A2" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_6801EB1711AACC3F57FBCA49C61FF6C2" xlink:to="loc_frt_DiscontinuedOperationGainOnDeconsolidationOfVariableInterestEntity_3D2A8A704CD584B952C0CA49C61FB5A2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_C68B3AD21EFF3F825B7ECA49C61F9A09" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_6801EB1711AACC3F57FBCA49C61FF6C2" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_C68B3AD21EFF3F825B7ECA49C61F9A09" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_5B7B0737EFB702221F56CA49C61F421F" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_6801EB1711AACC3F57FBCA49C61FF6C2" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_5B7B0737EFB702221F56CA49C61F421F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_7200246B5B59F658AEF1CA49C61F9784" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_6801EB1711AACC3F57FBCA49C61FF6C2" xlink:to="loc_us-gaap_OtherNoncashIncomeExpense_7200246B5B59F658AEF1CA49C61F9784" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_E72552FD3CCEA6B25C86CA49C61F3780" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_6C83E75111569F649CA4CA49C61FAA2D" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_E72552FD3CCEA6B25C86CA49C61F3780" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_51A6E89670955F217368CA49C61F19A9" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_E72552FD3CCEA6B25C86CA49C61F3780" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_51A6E89670955F217368CA49C61F19A9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_2F669FC55756CFD21B8ACA49C61FD0FE" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_E72552FD3CCEA6B25C86CA49C61F3780" xlink:to="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_2F669FC55756CFD21B8ACA49C61FD0FE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_B4156B170C5C762E1C6FCA49C61F21BA" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_E72552FD3CCEA6B25C86CA49C61F3780" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_B4156B170C5C762E1C6FCA49C61F21BA" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities" xlink:label="loc_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_B3ECB3906ADD6F2B9BDCCA49C61F4B78" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_E72552FD3CCEA6B25C86CA49C61F3780" xlink:to="loc_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_B3ECB3906ADD6F2B9BDCCA49C61F4B78" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_FB7C2E416FF399B9975CCA49C61F3FFE" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_6C83E75111569F649CA4CA49C61FAA2D" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_FB7C2E416FF399B9975CCA49C61F3FFE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_3845CF85B0EC94F0F42ECA49C61F116F" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_9DDD7A1D8CD6E00837EBCA49C61FE569" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_3845CF85B0EC94F0F42ECA49C61F116F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:label="loc_us-gaap_PaymentsToAcquireRealEstate_584C0FD3678E100B6FDBCA49C61F8FB0" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_3845CF85B0EC94F0F42ECA49C61F116F" xlink:to="loc_us-gaap_PaymentsToAcquireRealEstate_584C0FD3678E100B6FDBCA49C61F8FB0" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_CapitalExpendituresDevelopmentRedevelopment" xlink:label="loc_frt_CapitalExpendituresDevelopmentRedevelopment_99CB5956FADB40EEE6D2CA49C61F01F1" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_3845CF85B0EC94F0F42ECA49C61F116F" xlink:to="loc_frt_CapitalExpendituresDevelopmentRedevelopment_99CB5956FADB40EEE6D2CA49C61F01F1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PaymentsForCapitalImprovements" xlink:label="loc_us-gaap_PaymentsForCapitalImprovements_12ABE800B1B6CE7473A5CA49C61F8D5D" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_3845CF85B0EC94F0F42ECA49C61F116F" xlink:to="loc_us-gaap_PaymentsForCapitalImprovements_12ABE800B1B6CE7473A5CA49C61F8D5D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:label="loc_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_DBF702881D171CF308FFCA49C61FD434" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_3845CF85B0EC94F0F42ECA49C61F116F" xlink:to="loc_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_DBF702881D171CF308FFCA49C61FD434" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="loc_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_D4FF9629744CAEC46C7CCA49C61F21B5" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_3845CF85B0EC94F0F42ECA49C61F116F" xlink:to="loc_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_D4FF9629744CAEC46C7CCA49C61F21B5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships" xlink:label="loc_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_BFADD6068340FDEEB0ADCA49C61F2CDA" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_3845CF85B0EC94F0F42ECA49C61F116F" xlink:to="loc_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_BFADD6068340FDEEB0ADCA49C61F2CDA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts" xlink:label="loc_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_CB4B38B0EF911B00ECFFCA49C61FFE17" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_3845CF85B0EC94F0F42ECA49C61F116F" xlink:to="loc_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_CB4B38B0EF911B00ECFFCA49C61FFE17" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet" xlink:label="loc_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_42B3E068E6B3253B7746CA49C61F4433" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_3845CF85B0EC94F0F42ECA49C61F116F" xlink:to="loc_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_42B3E068E6B3253B7746CA49C61F4433" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_18ADF9B0CA64E8ED37A6CA49C61FD0FE" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_3845CF85B0EC94F0F42ECA49C61F116F" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_18ADF9B0CA64E8ED37A6CA49C61FD0FE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_58E8D589DC2EBC157068CA49C61F9A12" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_9DDD7A1D8CD6E00837EBCA49C61FE569" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_58E8D589DC2EBC157068CA49C61F9A12" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ProceedsFromRepaymentsOfCreditFacility" xlink:label="loc_frt_ProceedsFromRepaymentsOfCreditFacility_159F959CEDC7D1FB9504CA49C61FBAEC" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_58E8D589DC2EBC157068CA49C61F9A12" xlink:to="loc_frt_ProceedsFromRepaymentsOfCreditFacility_159F959CEDC7D1FB9504CA49C61FBAEC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RepaymentsOfSeniorDebt" xlink:label="loc_us-gaap_RepaymentsOfSeniorDebt_00F221A3B60E2052C345CA49C61FB2AA" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_58E8D589DC2EBC157068CA49C61F9A12" xlink:to="loc_us-gaap_RepaymentsOfSeniorDebt_00F221A3B60E2052C345CA49C61FB2AA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet_1850D409A608F0305BDBCA49C61F9476" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_58E8D589DC2EBC157068CA49C61F9A12" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet_1850D409A608F0305BDBCA49C61F9476" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities_FCCF30046203651E52F4CA49C61FBAB7" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_58E8D589DC2EBC157068CA49C61F9A12" xlink:to="loc_us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities_FCCF30046203651E52F4CA49C61FBAB7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_E1D2B49CDEC11855EBC1CA49C61F6290" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_58E8D589DC2EBC157068CA49C61F9A12" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_E1D2B49CDEC11855EBC1CA49C61F6290" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_DividendsPaidToCommonAndPreferredShareholders" xlink:label="loc_frt_DividendsPaidToCommonAndPreferredShareholders_F9BF1187EA270352208ECA49C61FBF70" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_58E8D589DC2EBC157068CA49C61F9A12" xlink:to="loc_frt_DividendsPaidToCommonAndPreferredShareholders_F9BF1187EA270352208ECA49C61FBF70" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_Paymentsofdividendsandredemptionsminorityinterest" xlink:label="loc_frt_Paymentsofdividendsandredemptionsminorityinterest_6AC9832F57701EBE3D38CA49C61FA0CF" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_58E8D589DC2EBC157068CA49C61F9A12" xlink:to="loc_frt_Paymentsofdividendsandredemptionsminorityinterest_6AC9832F57701EBE3D38CA49C61FA0CF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_749CCB750743277D3708CA49C61FB495" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_58E8D589DC2EBC157068CA49C61F9A12" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_749CCB750743277D3708CA49C61FB495" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_C9E51D4BFFD8C021833FCA49C61F682B" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_9DDD7A1D8CD6E00837EBCA49C61FE569" xlink:to="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_C9E51D4BFFD8C021833FCA49C61F682B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_DEDA121601528FDECE89CA49C61F4D07" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_9DDD7A1D8CD6E00837EBCA49C61FE569" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_DEDA121601528FDECE89CA49C61F4D07" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_32FEEF328211F4D5B557CA49C61FDB39" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_9DDD7A1D8CD6E00837EBCA49C61FE569" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_32FEEF328211F4D5B557CA49C61FDB39" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ConsolidatedStatementsOfOperations" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="loc_us-gaap_IncomeStatementAbstract_7554180189FF755EFD6BA099F05DBBD6" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_561E1BF3594B132E2F22A099F05DBE88" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_7554180189FF755EFD6BA099F05DBBD6" xlink:to="loc_us-gaap_StatementTable_561E1BF3594B132E2F22A099F05DBE88" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_CAF55DAAFCCB4344AFBEA099F05D3634" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_561E1BF3594B132E2F22A099F05DBE88" xlink:to="loc_dei_LegalEntityAxis_CAF55DAAFCCB4344AFBEA099F05D3634" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_DABC832DD75990DADA35A099F05D5107" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_CAF55DAAFCCB4344AFBEA099F05D3634" xlink:to="loc_dei_EntityDomain_DABC832DD75990DADA35A099F05D5107" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_EFB0763EC629F567646BA099F05DB010" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_561E1BF3594B132E2F22A099F05DBE88" xlink:to="loc_us-gaap_StatementLineItems_EFB0763EC629F567646BA099F05DB010" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="loc_us-gaap_RevenuesAbstract_00EF862DAD930E3C17C2A099F05D3045" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EFB0763EC629F567646BA099F05DB010" xlink:to="loc_us-gaap_RevenuesAbstract_00EF862DAD930E3C17C2A099F05D3045" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_RentalIncome" xlink:label="loc_frt_RentalIncome_CB11C41AE38282ECFC86A099F05DBF00" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_00EF862DAD930E3C17C2A099F05D3045" xlink:to="loc_frt_RentalIncome_CB11C41AE38282ECFC86A099F05DBF00" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherRealEstateRevenue" xlink:label="loc_us-gaap_OtherRealEstateRevenue_326ED6D28F743D6611D4A099F05DB205" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_00EF862DAD930E3C17C2A099F05D3045" xlink:to="loc_us-gaap_OtherRealEstateRevenue_326ED6D28F743D6611D4A099F05DB205" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_RevenueMortgageInterest" xlink:label="loc_frt_RevenueMortgageInterest_F0A36C4A32AFE1FBF7B9A099F05D7F11" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_00EF862DAD930E3C17C2A099F05D3045" xlink:to="loc_frt_RevenueMortgageInterest_F0A36C4A32AFE1FBF7B9A099F05D7F11" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_Revenues" xlink:label="loc_us-gaap_Revenues_437C62336006915597C6A099F05D45C2" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_00EF862DAD930E3C17C2A099F05D3045" xlink:to="loc_us-gaap_Revenues_437C62336006915597C6A099F05D45C2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EFB0763EC629F567646BA099F05DB010" xlink:to="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:label="loc_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_3391731352D02FC45A41A099F05D133C" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:to="loc_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_3391731352D02FC45A41A099F05D133C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateTaxExpense" xlink:label="loc_us-gaap_RealEstateTaxExpense_3E0E9832E38DEAB4E752A099F05DD9F2" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:to="loc_us-gaap_RealEstateTaxExpense_3E0E9832E38DEAB4E752A099F05DD9F2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_ACD73592CE6A39AE806FA099F05DDEDF" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_ACD73592CE6A39AE806FA099F05DDEDF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="loc_us-gaap_DepreciationAndAmortization_02D58728F3A02D74D001A099F05DEF85" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:to="loc_us-gaap_DepreciationAndAmortization_02D58728F3A02D74D001A099F05DEF85" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="loc_us-gaap_OperatingExpenses_AC9C9B0C3760E3FFED49A099F05DDD36" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:to="loc_us-gaap_OperatingExpenses_AC9C9B0C3760E3FFED49A099F05DDD36" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_ACDAAA66AA25271EFD1EA099F06CAEB8" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:to="loc_us-gaap_OperatingIncomeLoss_ACDAAA66AA25271EFD1EA099F06CAEB8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaap_InvestmentIncomeInterest_4BBB72C9D11B367ABD8EA099F06C9AD4" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:to="loc_us-gaap_InvestmentIncomeInterest_4BBB72C9D11B367ABD8EA099F06C9AD4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_137E2E2328AB0B3F34EBA099F06C782E" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:to="loc_us-gaap_InterestExpense_137E2E2328AB0B3F34EBA099F06C782E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_CA00C58B9A6B5F1B7CE4A099F06C0E92" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_CA00C58B9A6B5F1B7CE4A099F06C0E92" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_22E91C766C6B77AD5C14A099F06C8BFB" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_22E91C766C6B77AD5C14A099F06C8BFB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_641027C48B296DEC984FA099F06C97F0" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_B2E0BA2DB67214B2B002A099F05DCBA4" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_641027C48B296DEC984FA099F06C97F0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EFB0763EC629F567646BA099F05DB010" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" xlink:label="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax_B1B304EAE61DF68873C1A099F06C8D2B" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:to="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax_B1B304EAE61DF68873C1A099F06C8D2B" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_DiscontinuedOperationGainOnDeconsolidationOfVariableInterestEntity" xlink:label="loc_frt_DiscontinuedOperationGainOnDeconsolidationOfVariableInterestEntity_ACCA2057B582C86210E3A0D3ECB9DA9B" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:to="loc_frt_DiscontinuedOperationGainOnDeconsolidationOfVariableInterestEntity_ACCA2057B582C86210E3A0D3ECB9DA9B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax" xlink:label="loc_us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax_7A75B9C4ED3D952BB04EA0D5927AE8C5" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:to="loc_us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax_7A75B9C4ED3D952BB04EA0D5927AE8C5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_35CD9C7BEA94628594AAA0DD5C016C9A" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_35CD9C7BEA94628594AAA0DD5C016C9A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges" xlink:label="loc_us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges_75438C9CF6864ABCD158A099F06C9182" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:to="loc_us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges_75438C9CF6864ABCD158A099F06C9182" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_GainLossOnSaleOfPropertiesInRealEstatePartnership" xlink:label="loc_frt_GainLossOnSaleOfPropertiesInRealEstatePartnership_D4EE3E5018D39C7A6E7EA099F06CD79D" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:to="loc_frt_GainLossOnSaleOfPropertiesInRealEstatePartnership_D4EE3E5018D39C7A6E7EA099F06CD79D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_08FA901E287913244BC3A099F06CCEE9" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:to="loc_us-gaap_ProfitLoss_08FA901E287913244BC3A099F06CCEE9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_FCAB3638322304BB9919A099F06CAB83" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_FCAB3638322304BB9919A099F06CAB83" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_A02869EFFA2B734179D0A099F06C7C29" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:to="loc_us-gaap_NetIncomeLoss_A02869EFFA2B734179D0A099F06C7C29" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_44A30B0ACD11FF2DFCC8A099F06C6355" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:to="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_44A30B0ACD11FF2DFCC8A099F06C6355" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_DC619B497882848C473FA099F06C894D" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_45CB019ECD99B09C3C0EA099F06CDBE7" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_DC619B497882848C473FA099F06C894D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="loc_us-gaap_EarningsPerShareBasicAbstract_F5E986A88529E0929E1EA099F06C835B" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EFB0763EC629F567646BA099F05DB010" xlink:to="loc_us-gaap_EarningsPerShareBasicAbstract_F5E986A88529E0929E1EA099F06C835B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_3EC563A4F6EE066E2E3AA099F06C8043" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_F5E986A88529E0929E1EA099F06C835B" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_3EC563A4F6EE066E2E3AA099F06C8043" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_53CA614714874528764EA099F06C2C85" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_F5E986A88529E0929E1EA099F06C835B" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_53CA614714874528764EA099F06C2C85" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_GainOnSaleOfRealEstatePerBasicShare" xlink:label="loc_frt_GainOnSaleOfRealEstatePerBasicShare_837EA44CD15304F1FD24A099F06C9621" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_F5E986A88529E0929E1EA099F06C835B" xlink:to="loc_frt_GainOnSaleOfRealEstatePerBasicShare_837EA44CD15304F1FD24A099F06C9621" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_167508C5DA181C65591CA099F06C9398" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_F5E986A88529E0929E1EA099F06C835B" xlink:to="loc_us-gaap_EarningsPerShareBasic_167508C5DA181C65591CA099F06C9398" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_ED5AAE4A8C7A43AE8DEFA099F06C6B28" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EFB0763EC629F567646BA099F05DB010" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_ED5AAE4A8C7A43AE8DEFA099F06C6B28" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="loc_us-gaap_EarningsPerShareDilutedAbstract_7D78A6E7FEB8189F851EA099F06C481F" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EFB0763EC629F567646BA099F05DB010" xlink:to="loc_us-gaap_EarningsPerShareDilutedAbstract_7D78A6E7FEB8189F851EA099F06C481F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_FDB0E0013883B770ACC4A099F06CFAA6" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_7D78A6E7FEB8189F851EA099F06C481F" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_FDB0E0013883B770ACC4A099F06CFAA6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_2E3CACAD5EEF4A1989B0A099F06CB7A1" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_7D78A6E7FEB8189F851EA099F06C481F" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_2E3CACAD5EEF4A1989B0A099F06CB7A1" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_GainOnSaleOfRealEstatePerDilutedShare" xlink:label="loc_frt_GainOnSaleOfRealEstatePerDilutedShare_E2A98DB32F492C363134A099F06C537E" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_7D78A6E7FEB8189F851EA099F06C481F" xlink:to="loc_frt_GainOnSaleOfRealEstatePerDilutedShare_E2A98DB32F492C363134A099F06C537E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_248232667FD1A2B5F898A099F06C188C" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_7D78A6E7FEB8189F851EA099F06C481F" xlink:to="loc_us-gaap_EarningsPerShareDiluted_248232667FD1A2B5F898A099F06C188C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_C071142E65160CCC7121A099F06C022B" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EFB0763EC629F567646BA099F05DB010" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_C071142E65160CCC7121A099F06C022B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_B6C4463340EE8FF12877A099F06C8AA4" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EFB0763EC629F567646BA099F05DB010" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_B6C4463340EE8FF12877A099F06C8AA4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_4530A61ADE709533D2AAA099F06CF0F7" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_EFB0763EC629F567646BA099F05DB010" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_4530A61ADE709533D2AAA099F06CF0F7" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/Debt" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtInstrumentsAbstract" xlink:label="loc_us-gaap_DebtInstrumentsAbstract_AD4C243231BC625BC8ED14E7EE6285F5" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_4319AEA09E2E0C9411AF14E7EE62F0F0" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentsAbstract_AD4C243231BC625BC8ED14E7EE6285F5" xlink:to="loc_us-gaap_DebtDisclosureTextBlock_4319AEA09E2E0C9411AF14E7EE62F0F0" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/DebtDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtInstrumentsAbstract" xlink:label="loc_us-gaap_DebtInstrumentsAbstract_ABA9D2561357433F236D14EC17FFC067" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="loc_us-gaap_DebtInstrumentTable_37376285E7D857A0C50114EC17FF9E9D" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentsAbstract_ABA9D2561357433F236D14EC17FFC067" xlink:to="loc_us-gaap_DebtInstrumentTable_37376285E7D857A0C50114EC17FF9E9D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_B72BB9752AF66B650FA714EC17FF5BDC" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_37376285E7D857A0C50114EC17FF9E9D" xlink:to="loc_us-gaap_DebtInstrumentAxis_B72BB9752AF66B650FA714EC17FF5BDC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_5B3A21CD9B0C020E03A414EC17FF2980" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_B72BB9752AF66B650FA714EC17FF5BDC" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_5B3A21CD9B0C020E03A414EC17FF2980" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_RevolvingCreditFacilityMaturingJul62015Member" xlink:label="loc_frt_RevolvingCreditFacilityMaturingJul62015Member_729C830652B01553C80B14EC17FF33B1" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_5B3A21CD9B0C020E03A414EC17FF2980" xlink:to="loc_frt_RevolvingCreditFacilityMaturingJul62015Member_729C830652B01553C80B14EC17FF33B1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_E0C2432886C5AD2881DE14EC17FF578B" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_37376285E7D857A0C50114EC17FF9E9D" xlink:to="loc_us-gaap_DebtInstrumentLineItems_E0C2432886C5AD2881DE14EC17FF578B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_5BF53F059A693012C87514EC17FFC500" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_E0C2432886C5AD2881DE14EC17FF578B" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_5BF53F059A693012C87514EC17FFC500" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityAmountOutstanding" xlink:label="loc_us-gaap_LineOfCreditFacilityAmountOutstanding_177D270D9951B68DE70D14EC17FFBCAB" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_E0C2432886C5AD2881DE14EC17FF578B" xlink:to="loc_us-gaap_LineOfCreditFacilityAmountOutstanding_177D270D9951B68DE70D14EC17FFBCAB" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/DiscontinuedOperations" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_FE090E9C6E3476F6ADC914E7EE6273DC" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:label="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_C05F5D1CB976A8E4217914E7EE629803" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_FE090E9C6E3476F6ADC914E7EE6273DC" xlink:to="loc_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_C05F5D1CB976A8E4217914E7EE629803" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/DiscontinuedOperationsSummaryOfFinancialInformationForDiscontinuedOperationsDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_F63A9E56C3AA8024C1FD14E7EED0E579" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_0F7B7FD62292E4CC852B14E7EED0A5E8" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_F63A9E56C3AA8024C1FD14E7EED0E579" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_0F7B7FD62292E4CC852B14E7EED0A5E8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" xlink:label="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax_8FAF1B0471D81D9A648014E7EED0394F" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_F63A9E56C3AA8024C1FD14E7EED0E579" xlink:to="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax_8FAF1B0471D81D9A648014E7EED0394F" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/DiscontinuedOperationsTables" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_7DB8C1777783F79636E814E7EE919F27" xlink:type="locator" />
    <loc xlink:href="frt-20120630.xsd#frt_ScheduleOfDiscontinuedOperationsFinancialInformationTableTextBlock" xlink:label="loc_frt_ScheduleOfDiscontinuedOperationsFinancialInformationTableTextBlock_2100B54F0CD01ABCD59D14E7EE910967" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_7DB8C1777783F79636E814E7EE919F27" xlink:to="loc_frt_ScheduleOfDiscontinuedOperationsFinancialInformationTableTextBlock_2100B54F0CD01ABCD59D14E7EE910967" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/DocumentAndEntityInformationDocument" xlink:type="extended">
    <loc xlink:href="frt-20120630.xsd#frt_DocumentAndEntityInformationAbstract" xlink:label="loc_frt_DocumentAndEntityInformationAbstract_6F92A6AF2361D9AC0D09B603455F600C" xlink:type="locator" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntitiesTable" xlink:label="loc_dei_EntitiesTable_602FE12249B01A1B4088B603455FE2E4" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_DocumentAndEntityInformationAbstract_6F92A6AF2361D9AC0D09B603455F600C" xlink:to="loc_dei_EntitiesTable_602FE12249B01A1B4088B603455FE2E4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_26E06ECD1CE7E6A063B4B603455F9915" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntitiesTable_602FE12249B01A1B4088B603455FE2E4" xlink:to="loc_dei_LegalEntityAxis_26E06ECD1CE7E6A063B4B603455F9915" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_3A803306A51122B2B9FBB603455F924A" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_26E06ECD1CE7E6A063B4B603455F9915" xlink:to="loc_dei_EntityDomain_3A803306A51122B2B9FBB603455F924A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityInformationLineItems" xlink:label="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntitiesTable_602FE12249B01A1B4088B603455FE2E4" xlink:to="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType_205EA8C8BAF5818AC54BB603455FEAB8" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_DocumentType_205EA8C8BAF5818AC54BB603455FEAB8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag_33A861D3C2EDBCB66738B603455FB16F" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_AmendmentFlag_33A861D3C2EDBCB66738B603455FB16F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate_DC8F37163EA687F44229B603455FD22D" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_DocumentPeriodEndDate_DC8F37163EA687F44229B603455FD22D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus_052DAB6D9E867E7C4C7EB603455F90B2" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_DocumentFiscalYearFocus_052DAB6D9E867E7C4C7EB603455F90B2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_dei_DocumentFiscalPeriodFocus_7CAEBE881CEE1F6DAEC1B603455F5B1F" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_DocumentFiscalPeriodFocus_7CAEBE881CEE1F6DAEC1B603455F5B1F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_TradingSymbol" xlink:label="loc_dei_TradingSymbol_22AAD839DBFD7C16114CB603455F4AC8" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_TradingSymbol_22AAD839DBFD7C16114CB603455F4AC8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_96DB13304E074ADA24BDB603455F808F" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_EntityRegistrantName_96DB13304E074ADA24BDB603455F808F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_7BF916549CEF70806F20B603455FA11C" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_EntityCentralIndexKey_7BF916549CEF70806F20B603455FA11C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_dei_CurrentFiscalYearEndDate_5E6FA32575C6814392ADB603455FC477" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_CurrentFiscalYearEndDate_5E6FA32575C6814392ADB603455FC477" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityFilerCategory" xlink:label="loc_dei_EntityFilerCategory_EF31BD79776806341F34B603455FE4C3" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_EntityFilerCategory_EF31BD79776806341F34B603455FE4C3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_dei_EntityWellKnownSeasonedIssuer_3170CE7717A0BD0FEB38B603455F8B28" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_EntityWellKnownSeasonedIssuer_3170CE7717A0BD0FEB38B603455F8B28" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_dei_EntityVoluntaryFilers_81D86A555A2924456969B603455F3393" xlink:type="locator" />
    <presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_EntityVoluntaryFilers_81D86A555A2924456969B603455F3393" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_dei_EntityCurrentReportingStatus_FC8923D7F3437BB39344B603455FBC4D" xlink:type="locator" />
    <presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_EntityCurrentReportingStatus_FC8923D7F3437BB39344B603455FBC4D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityPublicFloat" xlink:label="loc_dei_EntityPublicFloat_39E0665909F3DBC1C611B603455F9729" xlink:type="locator" />
    <presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_EntityPublicFloat_39E0665909F3DBC1C611B603455F9729" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_796E8811D35D1E0176BBB603455F2ED3" xlink:type="locator" />
    <presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_4E0D3E5EBED409318423B603455F90C7" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_796E8811D35D1E0176BBB603455F2ED3" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/EarningsPerShare" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_68A98EB3213A3F5677BD14E7EE818E5E" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_F94BB79393760C2663DC14E7EE8154BC" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_68A98EB3213A3F5677BD14E7EE818E5E" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_F94BB79393760C2663DC14E7EE8154BC" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/EarningsPerShareNarrativeDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_7A37F07A3C08693CFE7B14E7EED08C15" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_C32A16AE1D86805CCAEF14E7EED05292" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_7A37F07A3C08693CFE7B14E7EED08C15" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_C32A16AE1D86805CCAEF14E7EED05292" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_8534D750A824D04E999C14E7EED04211" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_7A37F07A3C08693CFE7B14E7EED08C15" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_8534D750A824D04E999C14E7EED04211" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="loc_us-gaap_PreferredStockDividendRatePercentage_4D81DA64E1B986BCFD8414E7EED0FFD9" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_7A37F07A3C08693CFE7B14E7EED08C15" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_4D81DA64E1B986BCFD8414E7EED0FFD9" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/EarningsPerShareScheduleOfEarningsPerShareDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_BDD3040E43DADE2AF9F0DA8B42E0584F" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_StatementTable_BDD3040E43DADE2AF9F0DA8B42E0584F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_9D898DB7264255D5FD88DA8B42E0E2CC" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_BDD3040E43DADE2AF9F0DA8B42E0584F" xlink:to="loc_us-gaap_StatementClassOfStockAxis_9D898DB7264255D5FD88DA8B42E0E2CC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_7739DE11BBD13E9218E5DA8B42E0EC69" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_9D898DB7264255D5FD88DA8B42E0E2CC" xlink:to="loc_us-gaap_ClassOfStockDomain_7739DE11BBD13E9218E5DA8B42E0EC69" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_04A0E13AA88BAD620E7ADA8B42E049CB" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_BDD3040E43DADE2AF9F0DA8B42E0584F" xlink:to="loc_us-gaap_StatementLineItems_04A0E13AA88BAD620E7ADA8B42E049CB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_B28161413113263B8471DA8B42E020EE" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_B28161413113263B8471DA8B42E020EE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_6D1AF7AB1CE2F3CB1CCEDA8B42E18265" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_6D1AF7AB1CE2F3CB1CCEDA8B42E18265" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity_9AF6293A6647B1084B34DA8B42E18936" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity_9AF6293A6647B1084B34DA8B42E18936" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_EarningsAllocatedToUnvestedShares" xlink:label="loc_frt_EarningsAllocatedToUnvestedShares_DF46BBA93EC579E50103DA8B42E1C34D" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_frt_EarningsAllocatedToUnvestedShares_DF46BBA93EC579E50103DA8B42E1C34D" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders" xlink:label="loc_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_8037A0C31803DBEAA3E4DA8B42E1F978" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_8037A0C31803DBEAA3E4DA8B42E1F978" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_7CD13A51FC04E09E471DDA8B42E127AF" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_7CD13A51FC04E09E471DDA8B42E127AF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes" xlink:label="loc_us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes_1AE23E3DCD3FB14AA172DA8B42E13061" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes_1AE23E3DCD3FB14AA172DA8B42E13061" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_GainLossOnSaleOfPropertiesInRealEstatePartnership" xlink:label="loc_frt_GainLossOnSaleOfPropertiesInRealEstatePartnership_B809FA16F9578A4FB352DA8B42E1D69E" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_frt_GainLossOnSaleOfPropertiesInRealEstatePartnership_B809FA16F9578A4FB352DA8B42E1D69E" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted" xlink:label="loc_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_E0AEB503EB8D2CC0C80CDA8B42E1E57F" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_E0AEB503EB8D2CC0C80CDA8B42E1E57F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_394828DA958E27AC27DEDA8B42E17FDD" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_394828DA958E27AC27DEDA8B42E17FDD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_A2E068F153AD7F89D462DA8B42E160C6" xlink:type="locator" />
    <presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_A2E068F153AD7F89D462DA8B42E160C6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_803A295BDB37AC30D0CBDA8B42E1530D" xlink:type="locator" />
    <presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_803A295BDB37AC30D0CBDA8B42E1530D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_BA0E08EB34075D01DC39DA8B42E10399" xlink:type="locator" />
    <presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_BA0E08EB34075D01DC39DA8B42E10399" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_90F9208EB5F90A1D1970DA8B42E17ED7" xlink:type="locator" />
    <presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_90F9208EB5F90A1D1970DA8B42E17ED7" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_GainOnSaleOfRealEstatePerBasicShare" xlink:label="loc_frt_GainOnSaleOfRealEstatePerBasicShare_EB21410AA9F1AED25778DA8B42E18E66" xlink:type="locator" />
    <presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_frt_GainOnSaleOfRealEstatePerBasicShare_EB21410AA9F1AED25778DA8B42E18E66" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_E3728E1BC6A78780FD83DA8B42E1F5D0" xlink:type="locator" />
    <presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_EarningsPerShareBasic_E3728E1BC6A78780FD83DA8B42E1F5D0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_0848334A8515A09DF0A7DA8B42E14AF8" xlink:type="locator" />
    <presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_0848334A8515A09DF0A7DA8B42E14AF8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_32CF7E3EA092A770436EDA8B42E256E4" xlink:type="locator" />
    <presentationArc order="19" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_32CF7E3EA092A770436EDA8B42E256E4" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_GainOnSaleOfRealEstatePerDilutedShare" xlink:label="loc_frt_GainOnSaleOfRealEstatePerDilutedShare_5962225A20C89A9F14CADA8B42E2E7A1" xlink:type="locator" />
    <presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_frt_GainOnSaleOfRealEstatePerDilutedShare_5962225A20C89A9F14CADA8B42E2E7A1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_655480EE283DAFAC8110DA8B42E24DD4" xlink:type="locator" />
    <presentationArc order="21" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_EarningsPerShareDiluted_655480EE283DAFAC8110DA8B42E24DD4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromContinuingOperations" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperations_5DA907973B919FBD7B6DDA8B42E25808" xlink:type="locator" />
    <presentationArc order="22" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_999DE19BF966411301DFDA8B42E0C9CC" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperations_5DA907973B919FBD7B6DDA8B42E25808" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/EarningsPerShareTables" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_CEFC6CEEAD93AB7D4ABE14E7EF0EF8D3" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_573740320958EB15255C14E7EF0ED269" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_CEFC6CEEAD93AB7D4ABE14E7EF0EF8D3" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_573740320958EB15255C14E7EF0ED269" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/FairValueOfFinancialInstruments" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_82A21819A8AFF1EA992214E7EEEF1A9D" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="loc_us-gaap_FairValueDisclosuresTextBlock_3C237114E6183BA3E4B314E7EEEF1982" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_82A21819A8AFF1EA992214E7EEEF1A9D" xlink:to="loc_us-gaap_FairValueDisclosuresTextBlock_3C237114E6183BA3E4B314E7EEEF1982" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsSummaryOfCarryingAmountAndFairValueOfFinancialInstrumentsDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_740F80E2416F766A5BF8C9AB7BC95F20" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTable_1E5916965984846E305AC9AB7BC9BB35" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_740F80E2416F766A5BF8C9AB7BC95F20" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTable_1E5916965984846E305AC9AB7BC9BB35" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_BF1864E05344012DBF6EC9AB7BD9B299" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_1E5916965984846E305AC9AB7BC9BB35" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_BF1864E05344012DBF6EC9AB7BD9B299" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_7624FBC77DFDAED122ACC9AB7BD96E61" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_BF1864E05344012DBF6EC9AB7BD9B299" xlink:to="loc_us-gaap_EquityComponentDomain_7624FBC77DFDAED122ACC9AB7BD96E61" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_2925FA59335E6356977DC9AB7BD9E1A0" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_7624FBC77DFDAED122ACC9AB7BD96E61" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_2925FA59335E6356977DC9AB7BD9E1A0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativeByNatureAxis" xlink:label="loc_us-gaap_DerivativeByNatureAxis_A4CBA5C7375BE8FA3B6DC9AB7BD99D29" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_1E5916965984846E305AC9AB7BC9BB35" xlink:to="loc_us-gaap_DerivativeByNatureAxis_A4CBA5C7375BE8FA3B6DC9AB7BD99D29" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativeNameDomain" xlink:label="loc_us-gaap_DerivativeNameDomain_9923552D785C4DBFADD8C9AB7BD93C3F" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeByNatureAxis_A4CBA5C7375BE8FA3B6DC9AB7BD99D29" xlink:to="loc_us-gaap_DerivativeNameDomain_9923552D785C4DBFADD8C9AB7BD93C3F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="loc_us-gaap_InterestRateSwapMember_F1920D65A10280D93405C9AB7BD99174" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeNameDomain_9923552D785C4DBFADD8C9AB7BD93C3F" xlink:to="loc_us-gaap_InterestRateSwapMember_F1920D65A10280D93405C9AB7BD99174" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_55C3CD0F546C09372003C9AB7BD9891B" xlink:type="locator" />
    <presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_1E5916965984846E305AC9AB7BC9BB35" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_55C3CD0F546C09372003C9AB7BD9891B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_174D10DC0072972FDE45C9AB7BD9FABB" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_55C3CD0F546C09372003C9AB7BD9891B" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_174D10DC0072972FDE45C9AB7BD9FABB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_78A2A7884CBD38419DE1C9AB7BD9E9F1" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_174D10DC0072972FDE45C9AB7BD9FABB" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_78A2A7884CBD38419DE1C9AB7BD9E9F1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_27D6DC8DA491A19877B0C9AB7BD90C01" xlink:type="locator" />
    <presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_1E5916965984846E305AC9AB7BC9BB35" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_27D6DC8DA491A19877B0C9AB7BD90C01" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_9D36C9202D677E3E2BFDC9AB7BD91C2A" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_27D6DC8DA491A19877B0C9AB7BD90C01" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_9D36C9202D677E3E2BFDC9AB7BD91C2A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_57C8196E38197CFECF8BC9AB7BD9ADFA" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_9D36C9202D677E3E2BFDC9AB7BD91C2A" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_57C8196E38197CFECF8BC9AB7BD9ADFA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_905634691BBE4B735A7EC9AB7BD9342B" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_9D36C9202D677E3E2BFDC9AB7BD91C2A" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_905634691BBE4B735A7EC9AB7BD9342B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_5DE0226BF9BDD08A48F5C9AB7BD962CE" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_9D36C9202D677E3E2BFDC9AB7BD91C2A" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_5DE0226BF9BDD08A48F5C9AB7BD962CE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis_E6507F50C6D83D0AF739C9AB7BD9B173" xlink:type="locator" />
    <presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_1E5916965984846E305AC9AB7BC9BB35" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis_E6507F50C6D83D0AF739C9AB7BD9B173" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_1C521B46F58AC3D4CB77C9AB7BD920A3" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis_E6507F50C6D83D0AF739C9AB7BD9B173" xlink:to="loc_us-gaap_FairValueDisclosureItemAmountsDomain_1C521B46F58AC3D4CB77C9AB7BD920A3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_E04EC086E92752267175C9AB7BD91A1D" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_1C521B46F58AC3D4CB77C9AB7BD920A3" xlink:to="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_E04EC086E92752267175C9AB7BD91A1D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_3DFBC9662C37D439B58BC9AB7BD949F6" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_1C521B46F58AC3D4CB77C9AB7BD920A3" xlink:to="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_3DFBC9662C37D439B58BC9AB7BD949F6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:label="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:type="locator" />
    <presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_1E5916965984846E305AC9AB7BC9BB35" xlink:to="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CashFlowHedgeLossReclassifiedToInterestExpense" xlink:label="loc_us-gaap_CashFlowHedgeLossReclassifiedToInterestExpense_4BDD93773984C240ED77C9AB7BD974A8" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:to="loc_us-gaap_CashFlowHedgeLossReclassifiedToInterestExpense_4BDD93773984C240ED77C9AB7BD974A8" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_MortgagesAndNotesPayable" xlink:label="loc_frt_MortgagesAndNotesPayable_417397B13946E67F747FC9AB7BD938AC" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:to="loc_frt_MortgagesAndNotesPayable_417397B13946E67F747FC9AB7BD938AC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SeniorNotes" xlink:label="loc_us-gaap_SeniorNotes_02B33AEB54D1AC73C1AFC9AB7BD9BB75" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:to="loc_us-gaap_SeniorNotes_02B33AEB54D1AC73C1AFC9AB7BD9BB75" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_MortgagesAndNotesPayableFairValueDisclosure" xlink:label="loc_frt_MortgagesAndNotesPayableFairValueDisclosure_9951C3C97AF0B00D886AC9AB7BD9CE8E" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:to="loc_frt_MortgagesAndNotesPayableFairValueDisclosure_9951C3C97AF0B00D886AC9AB7BD9CE8E" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_SeniorNotesAndDebenturesFairValueDisclosure" xlink:label="loc_frt_SeniorNotesAndDebenturesFairValueDisclosure_DA92FD6F1899AB83D09EC9AB7BD97365" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:to="loc_frt_SeniorNotesAndDebenturesFairValueDisclosure_DA92FD6F1899AB83D09EC9AB7BD97365" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NumberOfInterestRateDerivativesHeld" xlink:label="loc_us-gaap_NumberOfInterestRateDerivativesHeld_A454C4266BE07A91236CC9AB7BD90ABC" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:to="loc_us-gaap_NumberOfInterestRateDerivativesHeld_A454C4266BE07A91236CC9AB7BD90ABC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NotionalAmountOfInterestRateCashFlowHedgeDerivatives" xlink:label="loc_us-gaap_NotionalAmountOfInterestRateCashFlowHedgeDerivatives_46149773B4EB8904672FC9AB7BD937F6" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:to="loc_us-gaap_NotionalAmountOfInterestRateCashFlowHedgeDerivatives_46149773B4EB8904672FC9AB7BD937F6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativeFixedInterestRate" xlink:label="loc_us-gaap_DerivativeFixedInterestRate_827177D8132456AA017EC9AB7BD9FDC5" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:to="loc_us-gaap_DerivativeFixedInterestRate_827177D8132456AA017EC9AB7BD9FDC5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet" xlink:label="loc_us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet_3B11B6F0A57AB652209AC9AB7BD97755" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:to="loc_us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet_3B11B6F0A57AB652209AC9AB7BD97755" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsLiabilitiesFairValueDisclosure" xlink:label="loc_us-gaap_DerivativeFinancialInstrumentsLiabilitiesFairValueDisclosure_73782DBD5470CBE24B2DC9AB7BD94896" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:to="loc_us-gaap_DerivativeFinancialInstrumentsLiabilitiesFairValueDisclosure_73782DBD5470CBE24B2DC9AB7BD94896" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_4A6954710A5298CF314BC9AB7BD99511" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_4A6954710A5298CF314BC9AB7BD99511" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_E1949487931BFD980E59C9AB7BD9C6D8" xlink:type="locator" />
    <presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_712498A5C8A49BBB65D3C9AB7BD92491" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_E1949487931BFD980E59C9AB7BD9C6D8" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsTables" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_CCDB9B8B900550DC9FCB14E7EE914D58" xlink:type="locator" />
    <loc xlink:href="frt-20120630.xsd#frt_ScheduleOfCarryingAmountAndFairValueOfFinancialInstrumentsTableTextBlock" xlink:label="loc_frt_ScheduleOfCarryingAmountAndFairValueOfFinancialInstrumentsTableTextBlock_57D36C0ED1BD4C02707F14E7EE91CC52" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_CCDB9B8B900550DC9FCB14E7EE914D58" xlink:to="loc_frt_ScheduleOfCarryingAmountAndFairValueOfFinancialInstrumentsTableTextBlock_57D36C0ED1BD4C02707F14E7EE91CC52" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_0D834CC4327B499B27DE14E7EE919B97" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_CCDB9B8B900550DC9FCB14E7EE914D58" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_0D834CC4327B499B27DE14E7EE919B97" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/RealEstate" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateInvestmentsAbstract" xlink:label="loc_us-gaap_RealEstateInvestmentsAbstract_B8F5702E3ED66F7166C614E7EEDF5A7A" xlink:type="locator" />
    <loc xlink:href="frt-20120630.xsd#frt_RealEstateAcquisitionsDispositionsDiscontinuedOperationsTextBlock" xlink:label="loc_frt_RealEstateAcquisitionsDispositionsDiscontinuedOperationsTextBlock_5EB0D2D6618B189E753114E7EEDF6AF9" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateInvestmentsAbstract_B8F5702E3ED66F7166C614E7EEDF5A7A" xlink:to="loc_frt_RealEstateAcquisitionsDispositionsDiscontinuedOperationsTextBlock_5EB0D2D6618B189E753114E7EEDF6AF9" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/RealEstatePartnerships" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_ADD6E0FA156C2E6322F414E7EE53CD28" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:label="loc_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_855705C753F86D6F860414E7EE62476A" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_ADD6E0FA156C2E6322F414E7EE53CD28" xlink:to="loc_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_855705C753F86D6F860414E7EE62476A" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/RealEstatePartnershipsNarrativeDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_D8CCA930B12D797D1D6E14E7EE62F1F4" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_0CFD2CA19EAF294520BB14E7EE627DFF" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_D8CCA930B12D797D1D6E14E7EE62F1F4" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_0CFD2CA19EAF294520BB14E7EE627DFF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_4E750AD4A5C9660035F114E7EE622274" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_0CFD2CA19EAF294520BB14E7EE627DFF" xlink:to="loc_dei_LegalEntityAxis_4E750AD4A5C9660035F114E7EE622274" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_0190AD96DD07FEEC801514E7EE628312" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_4E750AD4A5C9660035F114E7EE622274" xlink:to="loc_dei_EntityDomain_0190AD96DD07FEEC801514E7EE628312" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_TaurusInvestmentHoldingsMember" xlink:label="loc_frt_TaurusInvestmentHoldingsMember_01C89949ED74B317ACB114E7EE622848" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_0190AD96DD07FEEC801514E7EE628312" xlink:to="loc_frt_TaurusInvestmentHoldingsMember_01C89949ED74B317ACB114E7EE622848" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_FederalRealtyInvestmentTrustMember" xlink:label="loc_frt_FederalRealtyInvestmentTrustMember_95B76B1044056E7C0AAA14E7EE62DDE0" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_0190AD96DD07FEEC801514E7EE628312" xlink:to="loc_frt_FederalRealtyInvestmentTrustMember_95B76B1044056E7C0AAA14E7EE62DDE0" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ClarionMember" xlink:label="loc_frt_ClarionMember_BA6A606A7556CF0C438A14E7EE62F618" xlink:type="locator" />
    <presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_0190AD96DD07FEEC801514E7EE628312" xlink:to="loc_frt_ClarionMember_BA6A606A7556CF0C438A14E7EE62F618" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_0F55B7359C4D1728225214E7EE62E5E1" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_0CFD2CA19EAF294520BB14E7EE627DFF" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_0F55B7359C4D1728225214E7EE62E5E1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityMethodInvesteeNameDomain" xlink:label="loc_us-gaap_EquityMethodInvesteeNameDomain_95CFCAFAD2A944B01D8F14E7EE622D9B" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_0F55B7359C4D1728225214E7EE62E5E1" xlink:to="loc_us-gaap_EquityMethodInvesteeNameDomain_95CFCAFAD2A944B01D8F14E7EE622D9B" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_NewburyStreetPartnershipMember" xlink:label="loc_frt_NewburyStreetPartnershipMember_8F9A3F7BABA83643604514E7EE62051A" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvesteeNameDomain_95CFCAFAD2A944B01D8F14E7EE622D9B" xlink:to="loc_frt_NewburyStreetPartnershipMember_8F9A3F7BABA83643604514E7EE62051A" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_FederalLionVentureLpMember" xlink:label="loc_frt_FederalLionVentureLpMember_C09DCF81E3DA8771BB0F14E7EE626CEF" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvesteeNameDomain_95CFCAFAD2A944B01D8F14E7EE622D9B" xlink:to="loc_frt_FederalLionVentureLpMember_C09DCF81E3DA8771BB0F14E7EE626CEF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_66FBB5AF0F211564573214E7EE626298" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_0CFD2CA19EAF294520BB14E7EE627DFF" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_66FBB5AF0F211564573214E7EE626298" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_C17B32467A9852F6B8A014E7EE62C8BF" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_66FBB5AF0F211564573214E7EE626298" xlink:to="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_C17B32467A9852F6B8A014E7EE62C8BF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SalesOfRealEstate" xlink:label="loc_us-gaap_SalesOfRealEstate_8620265773A521C1ADCF14E7EE6289C4" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_66FBB5AF0F211564573214E7EE626298" xlink:to="loc_us-gaap_SalesOfRealEstate_8620265773A521C1ADCF14E7EE6289C4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_FDC77664C567159E892914E7EE62FADE" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_66FBB5AF0F211564573214E7EE626298" xlink:to="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_FDC77664C567159E892914E7EE62FADE" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_NumberOfRealEstatePropertiesSold" xlink:label="loc_frt_NumberOfRealEstatePropertiesSold_1DFF9C1031324DC6DDEB14E7EE62ED23" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_66FBB5AF0F211564573214E7EE626298" xlink:to="loc_frt_NumberOfRealEstatePropertiesSold_1DFF9C1031324DC6DDEB14E7EE62ED23" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_6F9E9DA9A94B59A7775514E7EE622F53" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_66FBB5AF0F211564573214E7EE626298" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_6F9E9DA9A94B59A7775514E7EE622F53" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet" xlink:label="loc_us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet_4DD0F1E4C952FA8DAB1314E7EE621804" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_66FBB5AF0F211564573214E7EE626298" xlink:to="loc_us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet_4DD0F1E4C952FA8DAB1314E7EE621804" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_RepaymentOfSecuredDebtFrt" xlink:label="loc_frt_RepaymentOfSecuredDebtFrt_B4C4859B881A0823C23714E7EE62ADB2" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_66FBB5AF0F211564573214E7EE626298" xlink:to="loc_frt_RepaymentOfSecuredDebtFrt_B4C4859B881A0823C23714E7EE62ADB2" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_GainLossOnSaleOfPropertiesInRealEstatePartnership" xlink:label="loc_frt_GainLossOnSaleOfPropertiesInRealEstatePartnership_95C84EF40CD427FF0A7B14E7EE62E45D" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_66FBB5AF0F211564573214E7EE626298" xlink:to="loc_frt_GainLossOnSaleOfPropertiesInRealEstatePartnership_95C84EF40CD427FF0A7B14E7EE62E45D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:label="loc_us-gaap_NumberOfRealEstateProperties_9BC6A2689691A42AD49F14E7EE629D24" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_66FBB5AF0F211564573214E7EE626298" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_9BC6A2689691A42AD49F14E7EE629D24" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/RealEstatePartnershipsSummarizedOperatingResultsAndFinancialPositionOfPartnershipDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_4E6432EB1E076BFAB399A183EF419686" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_C31ACF06F195EFCBA356A183EF41DD9C" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_4E6432EB1E076BFAB399A183EF419686" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_C31ACF06F195EFCBA356A183EF41DD9C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_F55CA9E3C8E64319D456A183EF410E9E" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_C31ACF06F195EFCBA356A183EF41DD9C" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_F55CA9E3C8E64319D456A183EF410E9E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityMethodInvesteeNameDomain" xlink:label="loc_us-gaap_EquityMethodInvesteeNameDomain_3A50301DDE43FACD3A1AA183EF4168FF" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_F55CA9E3C8E64319D456A183EF410E9E" xlink:to="loc_us-gaap_EquityMethodInvesteeNameDomain_3A50301DDE43FACD3A1AA183EF4168FF" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_FederalLionVentureLpMember" xlink:label="loc_frt_FederalLionVentureLpMember_678A7132090EC7ECB4C3A183EF415C2F" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvesteeNameDomain_3A50301DDE43FACD3A1AA183EF4168FF" xlink:to="loc_frt_FederalLionVentureLpMember_678A7132090EC7ECB4C3A183EF415C2F" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_RealEstatePartnershipsOperatingResultsLineItems" xlink:label="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_C31ACF06F195EFCBA356A183EF41DD9C" xlink:to="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_Revenues" xlink:label="loc_us-gaap_Revenues_9D43BB84CA1C69BCEF33A183EF41F035" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_Revenues_9D43BB84CA1C69BCEF33A183EF41F035" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherExpenses" xlink:label="loc_us-gaap_OtherExpenses_CD7469399C5E079EAF94A183EF418BF2" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_OtherExpenses_CD7469399C5E079EAF94A183EF418BF2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="loc_us-gaap_DepreciationAndAmortization_C89B31585B3756C3D7EEA183EF419C01" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_DepreciationAndAmortization_C89B31585B3756C3D7EEA183EF419C01" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_CDAC4DE600CBC89AC215A183EF418F3D" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_InterestExpense_CDAC4DE600CBC89AC215A183EF418F3D" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_TotalExpenses" xlink:label="loc_frt_TotalExpenses_D7A019430C7D51AC6C99A183EF410377" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_frt_TotalExpenses_D7A019430C7D51AC6C99A183EF410377" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_E31AECDC3993824EB032A183EF4114DB" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_ProfitLoss_E31AECDC3993824EB032A183EF4114DB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_B9E054230FC9C2763DB9A183EF41A210" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_B9E054230FC9C2763DB9A183EF41A210" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_1D57EBAB927D5CD6EEEBA183EF411571" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_1D57EBAB927D5CD6EEEBA183EF411571" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_CB09630A4AE180702C86A183EF41FB93" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_CB09630A4AE180702C86A183EF41FB93" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_C5CB28D09920A0CF9E3AA183EF41AA15" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_OtherAssets_C5CB28D09920A0CF9E3AA183EF41AA15" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_72EC82A480E45962FBDDA183EF41829E" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_Assets_72EC82A480E45962FBDDA183EF41829E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SecuredDebt" xlink:label="loc_us-gaap_SecuredDebt_5027D577FBBA8B278755A183EF41985D" xlink:type="locator" />
    <presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_SecuredDebt_5027D577FBBA8B278755A183EF41985D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="loc_us-gaap_OtherLiabilities_4A6037CCD258FC261A51A183EF41AED9" xlink:type="locator" />
    <presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_OtherLiabilities_4A6037CCD258FC261A51A183EF41AED9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PartnersCapital" xlink:label="loc_us-gaap_PartnersCapital_A4620A90EB6598517564A183EF41B55F" xlink:type="locator" />
    <presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_PartnersCapital_A4620A90EB6598517564A183EF41B55F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_2A2A030C0389696CC4C1A183EF4125FD" xlink:type="locator" />
    <presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_2A2A030C0389696CC4C1A183EF4125FD" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ShareOfUnconsolidatedDebt" xlink:label="loc_frt_ShareOfUnconsolidatedDebt_8D75EA6A0AA2AB3DA0DAA183EF41147E" xlink:type="locator" />
    <presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_frt_ShareOfUnconsolidatedDebt_8D75EA6A0AA2AB3DA0DAA183EF41147E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_1B3A1A70E1F7AC2FB5C5A183EF41D0E6" xlink:type="locator" />
    <presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_11733EDB841B2562B2DBA183EF418A71" xlink:to="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_1B3A1A70E1F7AC2FB5C5A183EF41D0E6" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/RealEstatePartnershipsTables" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_EF9289C78832E9C9770314E7EEDF9758" xlink:type="locator" />
    <loc xlink:href="frt-20120630.xsd#frt_ScheduleOfBalanceSheetsAndOperatingResultsOfUnconsolidatedJointVenturesTableTextBlock" xlink:label="loc_frt_ScheduleOfBalanceSheetsAndOperatingResultsOfUnconsolidatedJointVenturesTableTextBlock_2903B703ECB03226A73614E7EEDF9E9C" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_EF9289C78832E9C9770314E7EEDF9758" xlink:to="loc_frt_ScheduleOfBalanceSheetsAndOperatingResultsOfUnconsolidatedJointVenturesTableTextBlock_2903B703ECB03226A73614E7EEDF9E9C" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/RealEstateSignificantAcquisitionsAndDispositionDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateInvestmentsAbstract" xlink:label="loc_us-gaap_RealEstateInvestmentsAbstract_CEA17A1F84560C54F02414E7EEDF8797" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_AE7891CE78DFCFE5963814E7EEDF77FE" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateInvestmentsAbstract_CEA17A1F84560C54F02414E7EEDF8797" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_AE7891CE78DFCFE5963814E7EEDF77FE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_0BB2192389DDC6CC139314E7EEDF54E7" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_AE7891CE78DFCFE5963814E7EEDF77FE" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_0BB2192389DDC6CC139314E7EEDF54E7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_74FAC55CCA6A5CD769BC14E7EEDF52A7" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_0BB2192389DDC6CC139314E7EEDF54E7" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_74FAC55CCA6A5CD769BC14E7EEDF52A7" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_MontroseCrossingMember" xlink:label="loc_frt_MontroseCrossingMember_0F37AFC2755FFC48826614E7EEDF72A6" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_0BB2192389DDC6CC139314E7EEDF54E7" xlink:to="loc_frt_MontroseCrossingMember_0F37AFC2755FFC48826614E7EEDF72A6" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_PlazaElSegundoMember" xlink:label="loc_frt_PlazaElSegundoMember_57AB282170F30057D4B914E7EEDF14B8" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_0BB2192389DDC6CC139314E7EEDF54E7" xlink:to="loc_frt_PlazaElSegundoMember_57AB282170F30057D4B914E7EEDF14B8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_6B03E719EAECA9769CA414E7EEEF867C" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_AE7891CE78DFCFE5963814E7EEDF77FE" xlink:to="loc_us-gaap_DebtInstrumentAxis_6B03E719EAECA9769CA414E7EEEF867C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_842D690F530FF3EACEC014E7EEEF8A8A" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_6B03E719EAECA9769CA414E7EEEF867C" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_842D690F530FF3EACEC014E7EEEF8A8A" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_NewMortgageDebtMember" xlink:label="loc_frt_NewMortgageDebtMember_291FF82BA26A478DBB0614E7EEEFACD1" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_842D690F530FF3EACEC014E7EEEF8A8A" xlink:to="loc_frt_NewMortgageDebtMember_291FF82BA26A478DBB0614E7EEEFACD1" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_RealEstateInvestmentsLineItems" xlink:label="loc_frt_RealEstateInvestmentsLineItems_76A0D90DC55706BA3C2D14E7EEEF82C0" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_AE7891CE78DFCFE5963814E7EEDF77FE" xlink:to="loc_frt_RealEstateInvestmentsLineItems_76A0D90DC55706BA3C2D14E7EEEF82C0" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_BusinessAcquisitionCostOfAcquiredEntityCashPaidAndTotalDebtAssumed" xlink:label="loc_frt_BusinessAcquisitionCostOfAcquiredEntityCashPaidAndTotalDebtAssumed_AF9D6B3A607B042EF97614E7EEEFF773" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstateInvestmentsLineItems_76A0D90DC55706BA3C2D14E7EEEF82C0" xlink:to="loc_frt_BusinessAcquisitionCostOfAcquiredEntityCashPaidAndTotalDebtAssumed_AF9D6B3A607B042EF97614E7EEEFF773" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:label="loc_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_266199DF1215E539B2ED14E7EEEF95EF" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstateInvestmentsLineItems_76A0D90DC55706BA3C2D14E7EEEF82C0" xlink:to="loc_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_266199DF1215E539B2ED14E7EEEF95EF" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_BusinessAcquisitionCostOfAcquiredEntityCashPaidAndShareOfDebtAssumed" xlink:label="loc_frt_BusinessAcquisitionCostOfAcquiredEntityCashPaidAndShareOfDebtAssumed_08D8830DC2E55219581114E7EEEF5F9E" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstateInvestmentsLineItems_76A0D90DC55706BA3C2D14E7EEEF82C0" xlink:to="loc_frt_BusinessAcquisitionCostOfAcquiredEntityCashPaidAndShareOfDebtAssumed_08D8830DC2E55219581114E7EEEF5F9E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="loc_us-gaap_DebtInstrumentFairValue_A47041F7E384C70EC08C14E7EEEF111F" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstateInvestmentsLineItems_76A0D90DC55706BA3C2D14E7EEEF82C0" xlink:to="loc_us-gaap_DebtInstrumentFairValue_A47041F7E384C70EC08C14E7EEEF111F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets" xlink:label="loc_us-gaap_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets_28B37F0544CDC3772D1314E7EEEF4624" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstateInvestmentsLineItems_76A0D90DC55706BA3C2D14E7EEEF82C0" xlink:to="loc_us-gaap_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets_28B37F0544CDC3772D1314E7EEEF4624" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleBelowMarketLeaseLiabilities" xlink:label="loc_frt_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleBelowMarketLeaseLiabilities_7F2C3DD09177F01C8F0714E7EEEFD6B9" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstateInvestmentsLineItems_76A0D90DC55706BA3C2D14E7EEEF82C0" xlink:to="loc_frt_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleBelowMarketLeaseLiabilities_7F2C3DD09177F01C8F0714E7EEEFD6B9" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_BusinessAcquisitionPurchasePrice" xlink:label="loc_frt_BusinessAcquisitionPurchasePrice_ACFBF93536C5B9A7A75E14E7EEEF9E2B" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstateInvestmentsLineItems_76A0D90DC55706BA3C2D14E7EEEF82C0" xlink:to="loc_frt_BusinessAcquisitionPurchasePrice_ACFBF93536C5B9A7A75E14E7EEEF9E2B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_BusinessAcquisitionCostOfAcquiredEntityCashPaid" xlink:label="loc_us-gaap_BusinessAcquisitionCostOfAcquiredEntityCashPaid_EDA3F980C530F9D498E114E7EEEF49E4" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstateInvestmentsLineItems_76A0D90DC55706BA3C2D14E7EEEF82C0" xlink:to="loc_us-gaap_BusinessAcquisitionCostOfAcquiredEntityCashPaid_EDA3F980C530F9D498E114E7EEEF49E4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_C8F6CFCAD7C3EC3AA97714E7EEEF8C77" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_RealEstateInvestmentsLineItems_76A0D90DC55706BA3C2D14E7EEEF82C0" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_C8F6CFCAD7C3EC3AA97714E7EEEF8C77" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ShareBasedCompensationDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_D0824557DEC26FBD7059DA8B42FFBE76" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_4D974537BF15AFCE3561DA8B42FFFB43" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_D0824557DEC26FBD7059DA8B42FFBE76" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_4D974537BF15AFCE3561DA8B42FFFB43" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="loc_us-gaap_AwardTypeAxis_296EA918DA6B4BDB55AEDA8B4300EAB3" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_4D974537BF15AFCE3561DA8B42FFFB43" xlink:to="loc_us-gaap_AwardTypeAxis_296EA918DA6B4BDB55AEDA8B4300EAB3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_F896D5ACEF3EF52403B6DA8B4300D783" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_296EA918DA6B4BDB55AEDA8B4300EAB3" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_F896D5ACEF3EF52403B6DA8B4300D783" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RestrictedStockMember" xlink:label="loc_us-gaap_RestrictedStockMember_895792500A2CDE6C81C8DA8B4300F371" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_F896D5ACEF3EF52403B6DA8B4300D783" xlink:to="loc_us-gaap_RestrictedStockMember_895792500A2CDE6C81C8DA8B4300F371" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockOptionsMember" xlink:label="loc_us-gaap_StockOptionsMember_358EBE331A1534F1ECD0DA8B43016B1D" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_F896D5ACEF3EF52403B6DA8B4300D783" xlink:to="loc_us-gaap_StockOptionsMember_358EBE331A1534F1ECD0DA8B43016B1D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_A35A8F58EE57898776D4DA8B43010172" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_4D974537BF15AFCE3561DA8B42FFFB43" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_A35A8F58EE57898776D4DA8B43010172" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract" xlink:label="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_D002F5DAB076D894B939DA8B43010D41" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_A35A8F58EE57898776D4DA8B43010172" xlink:to="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_D002F5DAB076D894B939DA8B43010D41" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_1E24B14C117287A32A3ADA8B43013737" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_D002F5DAB076D894B939DA8B43010D41" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_1E24B14C117287A32A3ADA8B43013737" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_E6831CF143333FB92010DA8B43019BD5" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_D002F5DAB076D894B939DA8B43010D41" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_E6831CF143333FB92010DA8B43019BD5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_E4E18D2F298FABD3B932DA8B430131C9" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_D002F5DAB076D894B939DA8B43010D41" xlink:to="loc_us-gaap_ShareBasedCompensation_E4E18D2F298FABD3B932DA8B430131C9" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ShareBasedCompensationPlans" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_4163D85F262534DBE93914EC16F6E792" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_75187F766A72BF3BC38B14EC16F6B82C" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_4163D85F262534DBE93914EC16F6E792" xlink:to="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_75187F766A72BF3BC38B14EC16F6B82C" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ShareBasedCompensationPlansTables" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_1FEFA0D2CE95CF66EB40DA8B430627D3" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock" xlink:label="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_FD5EF3A4A9D39BC9728DDA90FDA32DFD" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_1FEFA0D2CE95CF66EB40DA8B430627D3" xlink:to="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_FD5EF3A4A9D39BC9728DDA90FDA32DFD" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ShareholdersEquity" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="loc_us-gaap_StockholdersEquityNoteAbstract_24D56CF83D9AAD33EE6614E7EE91B79D" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_7013B4F27D702139450314E7EE910802" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityNoteAbstract_24D56CF83D9AAD33EE6614E7EE91B79D" xlink:to="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_7013B4F27D702139450314E7EE910802" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ShareholdersEquityNarrativeDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="loc_us-gaap_StockholdersEquityNoteAbstract_0628B2BA74F1325F211EC4CDB4C930F5" xlink:type="locator" />
    <loc xlink:href="frt-20120630.xsd#frt_StockholdersEquityTable" xlink:label="loc_frt_StockholdersEquityTable_2F720B01EC34320A9E50C4CDB4C90105" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityNoteAbstract_0628B2BA74F1325F211EC4CDB4C930F5" xlink:to="loc_frt_StockholdersEquityTable_2F720B01EC34320A9E50C4CDB4C90105" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_8209F726703D10A85002C4CDB4C919ED" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_StockholdersEquityTable_2F720B01EC34320A9E50C4CDB4C90105" xlink:to="loc_us-gaap_StatementClassOfStockAxis_8209F726703D10A85002C4CDB4C919ED" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_3ADDC0F194A8DE26AD41C4CDB4C9F5DC" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_8209F726703D10A85002C4CDB4C919ED" xlink:to="loc_us-gaap_ClassOfStockDomain_3ADDC0F194A8DE26AD41C4CDB4C9F5DC" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_A5417Series1CumulativeConvertiblePreferredMember" xlink:label="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_0DB3AFE83513F5740172C4CDB4C987C4" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_3ADDC0F194A8DE26AD41C4CDB4C9F5DC" xlink:to="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_0DB3AFE83513F5740172C4CDB4C987C4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_E137FE14BE47AAB75D94C4CDB4C90A47" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_3ADDC0F194A8DE26AD41C4CDB4C9F5DC" xlink:to="loc_us-gaap_CommonStockMember_E137FE14BE47AAB75D94C4CDB4C90A47" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_DD47A6EF3EA4ABEEE591C4CDB4C91C63" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_StockholdersEquityTable_2F720B01EC34320A9E50C4CDB4C90105" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_DD47A6EF3EA4ABEEE591C4CDB4C91C63" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_71A268EA54E6CBEC6BD6C4CDB4C93757" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_DD47A6EF3EA4ABEEE591C4CDB4C91C63" xlink:to="loc_us-gaap_EquityComponentDomain_71A268EA54E6CBEC6BD6C4CDB4C93757" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_3E969417CFB1E599A248C4CDB4C93CC6" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_71A268EA54E6CBEC6BD6C4CDB4C93757" xlink:to="loc_us-gaap_CommonStockMember_3E969417CFB1E599A248C4CDB4C93CC6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SubsidiarySaleOfStockAxis" xlink:label="loc_us-gaap_SubsidiarySaleOfStockAxis_CBD4043A16619C547593C4CDB4C92CE2" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_StockholdersEquityTable_2F720B01EC34320A9E50C4CDB4C90105" xlink:to="loc_us-gaap_SubsidiarySaleOfStockAxis_CBD4043A16619C547593C4CDB4C92CE2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SaleOfStockNameOfTransactionDomain" xlink:label="loc_us-gaap_SaleOfStockNameOfTransactionDomain_635CA09FAE43FD82B2EAC4CDB4C9BB1A" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockAxis_CBD4043A16619C547593C4CDB4C92CE2" xlink:to="loc_us-gaap_SaleOfStockNameOfTransactionDomain_635CA09FAE43FD82B2EAC4CDB4C9BB1A" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_AtMarketEquityProgramMember" xlink:label="loc_frt_AtMarketEquityProgramMember_2260E65F86AC6C378D97C4CDB4C9071A" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SaleOfStockNameOfTransactionDomain_635CA09FAE43FD82B2EAC4CDB4C9BB1A" xlink:to="loc_frt_AtMarketEquityProgramMember_2260E65F86AC6C378D97C4CDB4C9071A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_StockholdersEquityTable_2F720B01EC34320A9E50C4CDB4C90105" xlink:to="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockDividendsPerShareCashPaid" xlink:label="loc_us-gaap_PreferredStockDividendsPerShareCashPaid_A078101475F22B03657AC4CDB4C907E2" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_us-gaap_PreferredStockDividendsPerShareCashPaid_A078101475F22B03657AC4CDB4C907E2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_PreferredStockDividendsPerShareDeclared_4C5BA1AEC3021E88FD12C4CDB4C9260A" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_us-gaap_PreferredStockDividendsPerShareDeclared_4C5BA1AEC3021E88FD12C4CDB4C9260A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_FE15152BCDB51D588A5DC4CDB4D99B72" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_FE15152BCDB51D588A5DC4CDB4D99B72" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockDividendsPerShareCashPaid" xlink:label="loc_us-gaap_CommonStockDividendsPerShareCashPaid_B49D063E17EFA82D538FC4CDB4D90F40" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_us-gaap_CommonStockDividendsPerShareCashPaid_B49D063E17EFA82D538FC4CDB4D90F40" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="loc_us-gaap_PreferredStockDividendRatePercentage_007B51BB58D250EB1604C4CDB4D90798" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_007B51BB58D250EB1604C4CDB4D90798" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_ConvertiblePreferredStockConversionPricePerShare" xlink:label="loc_frt_ConvertiblePreferredStockConversionPricePerShare_33E79E81D5C52B11DD8CC4CDB4D9DF0F" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_frt_ConvertiblePreferredStockConversionPricePerShare_33E79E81D5C52B11DD8CC4CDB4D9DF0F" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_AggregateOfferingPriceOfCommonShare" xlink:label="loc_frt_AggregateOfferingPriceOfCommonShare_A3B1D16E8BB9C2588DCDC4CDB4D91158" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_frt_AggregateOfferingPriceOfCommonShare_A3B1D16E8BB9C2588DCDC4CDB4D91158" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_758EB7BADE9A63D00689C4CDB4D9E184" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_758EB7BADE9A63D00689C4CDB4D9E184" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_WeightedAveragePricePerCommonShare" xlink:label="loc_frt_WeightedAveragePricePerCommonShare_7483797B8A52FC47AD00C4CDB4D972D1" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_frt_WeightedAveragePricePerCommonShare_7483797B8A52FC47AD00C4CDB4D972D1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_24B8BAC0172E9442FF1FC4CDB4D963E4" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_24B8BAC0172E9442FF1FC4CDB4D963E4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PaymentsOfStockIssuanceCosts" xlink:label="loc_us-gaap_PaymentsOfStockIssuanceCosts_F86E539C7A374DA55576C4CDB4D9764C" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_us-gaap_PaymentsOfStockIssuanceCosts_F86E539C7A374DA55576C4CDB4D9764C" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_CommonStockIssuedPerShare" xlink:label="loc_frt_CommonStockIssuedPerShare_9042AE5DE05F90946FEBC4CDB4D9E23D" xlink:type="locator" />
    <presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_frt_CommonStockIssuedPerShare_9042AE5DE05F90946FEBC4CDB4D9E23D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockConversionBasis" xlink:label="loc_us-gaap_PreferredStockConversionBasis_B2FBD6B0666024C743C1C4CDB4D97F7F" xlink:type="locator" />
    <presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4A2FF3D0AB6013DF3835C4CDB4C9A9C4" xlink:to="loc_us-gaap_PreferredStockConversionBasis_B2FBD6B0666024C743C1C4CDB4D97F7F" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ShareholdersEquityTables" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="loc_us-gaap_StockholdersEquityNoteAbstract_89D27016399A1B389D7014E7EEDFC883" xlink:type="locator" />
    <loc xlink:href="frt-20120630.xsd#frt_ScheduleOfDividendsDeclaredAndPaidPerShareTableTextBlock" xlink:label="loc_frt_ScheduleOfDividendsDeclaredAndPaidPerShareTableTextBlock_5A23A3C4636F228B532C14E7EEDF14F4" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityNoteAbstract_89D27016399A1B389D7014E7EEDFC883" xlink:to="loc_frt_ScheduleOfDividendsDeclaredAndPaidPerShareTableTextBlock_5A23A3C4636F228B532C14E7EEDF14F4" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SubsequentEvents" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="loc_us-gaap_SubsequentEventsAbstract_787B04B7C9E080B259ABDA8B42D6F641" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="loc_us-gaap_SubsequentEventsTextBlock_83DA010C7F04402C3AAEDA8B42D74F2F" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventsAbstract_787B04B7C9E080B259ABDA8B42D6F641" xlink:to="loc_us-gaap_SubsequentEventsTextBlock_83DA010C7F04402C3AAEDA8B42D74F2F" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SubsequentEventsDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="loc_us-gaap_SubsequentEventsAbstract_736260055396F9321309DA8B42C7A347" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SubsequentEventTable" xlink:label="loc_us-gaap_SubsequentEventTable_D741271FE6B6E2D68918DA8B42C9C9DE" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventsAbstract_736260055396F9321309DA8B42C7A347" xlink:to="loc_us-gaap_SubsequentEventTable_D741271FE6B6E2D68918DA8B42C9C9DE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_0943FE441BA38946071FDA8B42C9CC24" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_D741271FE6B6E2D68918DA8B42C9C9DE" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_0943FE441BA38946071FDA8B42C9CC24" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_34755B72061B7E410BD6DA8B42C98F61" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_0943FE441BA38946071FDA8B42C9CC24" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_34755B72061B7E410BD6DA8B42C98F61" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_E6EA524674ED1EC1049ADA94908278D3" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_34755B72061B7E410BD6DA8B42C98F61" xlink:to="loc_us-gaap_SubsequentEventMember_E6EA524674ED1EC1049ADA94908278D3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FinancingAxis" xlink:label="loc_us-gaap_FinancingAxis_F38FC5B9311BA1653D06DA8B42CAB35D" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_D741271FE6B6E2D68918DA8B42C9C9DE" xlink:to="loc_us-gaap_FinancingAxis_F38FC5B9311BA1653D06DA8B42CAB35D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FinancingDomain" xlink:label="loc_us-gaap_FinancingDomain_AC50D48A0A3C703F16C8DA8B42CABA09" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingAxis_F38FC5B9311BA1653D06DA8B42CAB35D" xlink:to="loc_us-gaap_FinancingDomain_AC50D48A0A3C703F16C8DA8B42CABA09" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IssuanceOfDebtMember" xlink:label="loc_us-gaap_IssuanceOfDebtMember_6942A6D1C3F3A6908A9ADAA32529777E" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingDomain_AC50D48A0A3C703F16C8DA8B42CABA09" xlink:to="loc_us-gaap_IssuanceOfDebtMember_6942A6D1C3F3A6908A9ADAA32529777E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SubsequentEventLineItems" xlink:label="loc_us-gaap_SubsequentEventLineItems_93EC7B6EFDEA2BD3ACCCDA8B42CC3BC0" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_D741271FE6B6E2D68918DA8B42C9C9DE" xlink:to="loc_us-gaap_SubsequentEventLineItems_93EC7B6EFDEA2BD3ACCCDA8B42CC3BC0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RepaymentsOfSeniorDebt" xlink:label="loc_us-gaap_RepaymentsOfSeniorDebt_6808B95D38EB0EF09941DA8B42CC0364" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_93EC7B6EFDEA2BD3ACCCDA8B42CC3BC0" xlink:to="loc_us-gaap_RepaymentsOfSeniorDebt_6808B95D38EB0EF09941DA8B42CC0364" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_5B8E6F8961FDC2A9665EDA8B42CCD291" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_93EC7B6EFDEA2BD3ACCCDA8B42CC3BC0" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_5B8E6F8961FDC2A9665EDA8B42CCD291" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_753713FEFADD73E167FEDA8B42CD11BF" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_93EC7B6EFDEA2BD3ACCCDA8B42CC3BC0" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_753713FEFADD73E167FEDA8B42CD11BF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_A2A655DFFA43B8EE4104DA8B42CD00CC" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_93EC7B6EFDEA2BD3ACCCDA8B42CC3BC0" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_A2A655DFFA43B8EE4104DA8B42CD00CC" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SubsequentEventsTables" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="loc_us-gaap_SubsequentEventsAbstract_C9453A1797C5A4C62E4AB48F85B36103" xlink:type="locator" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPolicies" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_70180EDA2A994AC3C6BD14E7EED02081" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_4AC41819F7D906C9CC0714E7EED0B21F" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_70180EDA2A994AC3C6BD14E7EED02081" xlink:to="loc_us-gaap_SignificantAccountingPoliciesTextBlock_4AC41819F7D906C9CC0714E7EED0B21F" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesComprehensiveIncomeDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_3FCFD3FCCC5B1C04C4F4C9AC92CB2B91" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_86EFFAF853188A649393C9AC92CBBCFA" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_3FCFD3FCCC5B1C04C4F4C9AC92CB2B91" xlink:to="loc_us-gaap_ProfitLoss_86EFFAF853188A649393C9AC92CBBCFA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_A1F277FD0B10BFDA82BCC9AC92CBA469" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_3FCFD3FCCC5B1C04C4F4C9AC92CB2B91" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_A1F277FD0B10BFDA82BCC9AC92CBA469" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_D64BAD86FBAF51C70DEFC9AC92CB3098" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_3FCFD3FCCC5B1C04C4F4C9AC92CB2B91" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_D64BAD86FBAF51C70DEFC9AC92CB3098" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_89FA33268E12793EEAFEC9AC92CB5FB7" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_3FCFD3FCCC5B1C04C4F4C9AC92CB2B91" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_89FA33268E12793EEAFEC9AC92CB5FB7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_8CFA3A6879446FD0501AC9AC92CBA01E" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_3FCFD3FCCC5B1C04C4F4C9AC92CB2B91" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_8CFA3A6879446FD0501AC9AC92CBA01E" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_10FAAEAA402D5DBF3CD8A099F03DD90E" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestCostsIncurred" xlink:label="loc_us-gaap_InterestCostsIncurred_BE82D247CBB28102FBE8A099F03DC007" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_10FAAEAA402D5DBF3CD8A099F03DD90E" xlink:to="loc_us-gaap_InterestCostsIncurred_BE82D247CBB28102FBE8A099F03DC007" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestCostsCapitalized" xlink:label="loc_us-gaap_InterestCostsCapitalized_A4819E150E9FFCCCC55DA099F03DC3B2" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_10FAAEAA402D5DBF3CD8A099F03DD90E" xlink:to="loc_us-gaap_InterestCostsCapitalized_A4819E150E9FFCCCC55DA099F03DC3B2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_1CBF0A6990F360041A5CA099F03D2767" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_10FAAEAA402D5DBF3CD8A099F03DD90E" xlink:to="loc_us-gaap_InterestExpense_1CBF0A6990F360041A5CA099F03D2767" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="loc_us-gaap_InterestPaidNet_0F7E870AC95FE8A7298FA099F03D601A" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_10FAAEAA402D5DBF3CD8A099F03DD90E" xlink:to="loc_us-gaap_InterestPaidNet_0F7E870AC95FE8A7298FA099F03D601A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="loc_us-gaap_IncomeTaxesPaidNet_3F7DAE577AA95F223BFDA099F03D18E0" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_10FAAEAA402D5DBF3CD8A099F03DD90E" xlink:to="loc_us-gaap_IncomeTaxesPaidNet_3F7DAE577AA95F223BFDA099F03D18E0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LoansAssumed1" xlink:label="loc_us-gaap_LoansAssumed1_9EF4FF27FA6ED824E634A099F03DC0F0" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_10FAAEAA402D5DBF3CD8A099F03DD90E" xlink:to="loc_us-gaap_LoansAssumed1_9EF4FF27FA6ED824E634A099F03DC0F0" xlink:type="arc" />
    <loc xlink:href="frt-20120630.xsd#frt_NoncashDeconsolidationOfVariableInterestEntity" xlink:label="loc_frt_NoncashDeconsolidationOfVariableInterestEntity_5ABCE31D0CAD7B86D2E2A0AD081E6F55" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_10FAAEAA402D5DBF3CD8A099F03DD90E" xlink:to="loc_frt_NoncashDeconsolidationOfVariableInterestEntity_5ABCE31D0CAD7B86D2E2A0AD081E6F55" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesPolicy" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_9921A7AE7FAB125A581114E7EEFE5002" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_5D820333389DF325A03314E7EEFE0F1C" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_9921A7AE7FAB125A581114E7EEFE5002" xlink:to="loc_us-gaap_ConsolidationPolicyTextBlock_5D820333389DF325A03314E7EEFE0F1C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="loc_us-gaap_UseOfEstimates_461E40C7679D90E59C7D14E7EEFED726" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_9921A7AE7FAB125A581114E7EEFE5002" xlink:to="loc_us-gaap_UseOfEstimates_461E40C7679D90E59C7D14E7EEFED726" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesTables" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_E8FEE8BC34739DE878A914E7EF0ED21D" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock_4ED37AA94FFD554DD92A14E7EF0E2090" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_E8FEE8BC34739DE878A914E7EF0ED21D" xlink:to="loc_us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock_4ED37AA94FFD554DD92A14E7EF0E2090" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_1E064DEDD6A9ACFEB67A14E7EF0EE2C3" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_E8FEE8BC34739DE878A914E7EF0ED21D" xlink:to="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_1E064DEDD6A9ACFEB67A14E7EF0EE2C3" xlink:type="arc" />
  </presentationLink>
</linkbase>
</XBRL>
