<?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-20130630.xsd#BusinessAndOrganization" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/BusinessAndOrganizationDetails" xlink:href="frt-20130630.xsd#BusinessAndOrganizationDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/CommitmentsAndContingencies" xlink:href="frt-20130630.xsd#CommitmentsAndContingencies" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/CommitmentsAndContingenciesDetails" xlink:href="frt-20130630.xsd#CommitmentsAndContingenciesDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/CommitmentsAndContingenciesTables" xlink:href="frt-20130630.xsd#CommitmentsAndContingenciesTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncome" xlink:href="frt-20130630.xsd#ComponentsOfRentalIncome" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfMinimumRentDetails" xlink:href="frt-20130630.xsd#ComponentsOfRentalIncomeScheduleOfMinimumRentDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfPrincipalComponentsOfRentalIncomeDetails" xlink:href="frt-20130630.xsd#ComponentsOfRentalIncomeScheduleOfPrincipalComponentsOfRentalIncomeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeTables" xlink:href="frt-20130630.xsd#ComponentsOfRentalIncomeTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedBalanceSheets" xlink:href="frt-20130630.xsd#ConsolidatedBalanceSheets" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedBalanceSheetsParentheticals" xlink:href="frt-20130630.xsd#ConsolidatedBalanceSheetsParentheticals" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementOfShareholdersEquity" xlink:href="frt-20130630.xsd#ConsolidatedStatementOfShareholdersEquity" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementOfShareholdersEquityParentheticals" xlink:href="frt-20130630.xsd#ConsolidatedStatementOfShareholdersEquityParentheticals" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementsOfCashFlows" xlink:href="frt-20130630.xsd#ConsolidatedStatementsOfCashFlows" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementsOfOperations" xlink:href="frt-20130630.xsd#ConsolidatedStatementsOfOperations" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/Debt" xlink:href="frt-20130630.xsd#Debt" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DebtDetails" xlink:href="frt-20130630.xsd#DebtDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DebtTables" xlink:href="frt-20130630.xsd#DebtTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DocumentAndEntityInformationDocument" xlink:href="frt-20130630.xsd#DocumentAndEntityInformationDocument" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShare" xlink:href="frt-20130630.xsd#EarningsPerShare" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShareNarrativeDetails" xlink:href="frt-20130630.xsd#EarningsPerShareNarrativeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShareScheduleOfEarningsPerShareDetails" xlink:href="frt-20130630.xsd#EarningsPerShareScheduleOfEarningsPerShareDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShareTables" xlink:href="frt-20130630.xsd#EarningsPerShareTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstruments" xlink:href="frt-20130630.xsd#FairValueOfFinancialInstruments" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsSummaryOfCarryingAmountAndFairValueOfFinancialInstrumentsDetails" xlink:href="frt-20130630.xsd#FairValueOfFinancialInstrumentsSummaryOfCarryingAmountAndFairValueOfFinancialInstrumentsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsTables" xlink:href="frt-20130630.xsd#FairValueOfFinancialInstrumentsTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstate" xlink:href="frt-20130630.xsd#RealEstate" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstateDetails" xlink:href="frt-20130630.xsd#RealEstateDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstatePartnerships" xlink:href="frt-20130630.xsd#RealEstatePartnerships" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstatePartnershipsNarrativeDetails" xlink:href="frt-20130630.xsd#RealEstatePartnershipsNarrativeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstatePartnershipsSummarizedOperatingResultsAndFinancialPositionOfPartnershipDetails" xlink:href="frt-20130630.xsd#RealEstatePartnershipsSummarizedOperatingResultsAndFinancialPositionOfPartnershipDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstatePartnershipsTables" xlink:href="frt-20130630.xsd#RealEstatePartnershipsTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareBasedCompensationDetails" xlink:href="frt-20130630.xsd#ShareBasedCompensationDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareBasedCompensationPlans" xlink:href="frt-20130630.xsd#ShareBasedCompensationPlans" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareBasedCompensationPlansTables" xlink:href="frt-20130630.xsd#ShareBasedCompensationPlansTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquity" xlink:href="frt-20130630.xsd#ShareholdersEquity" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquityNarrativeDetails" xlink:href="frt-20130630.xsd#ShareholdersEquityNarrativeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquityShareholdersEquitySummaryOfDividendsDetails" xlink:href="frt-20130630.xsd#ShareholdersEquityShareholdersEquitySummaryOfDividendsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquityTables" xlink:href="frt-20130630.xsd#ShareholdersEquityTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SubsequentEvents" xlink:href="frt-20130630.xsd#SubsequentEvents" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SubsequentEventsDetails" xlink:href="frt-20130630.xsd#SubsequentEventsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPolicies" xlink:href="frt-20130630.xsd#SummaryOfSignificantAccountingPolicies" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesDetails" xlink:href="frt-20130630.xsd#SummaryOfSignificantAccountingPoliciesDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesPolicy" xlink:href="frt-20130630.xsd#SummaryOfSignificantAccountingPoliciesPolicy" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesTables" xlink:href="frt-20130630.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-20130630.xsd#frt_NatureOfOperationsAbstract" xlink:label="loc_frt_NatureOfOperationsAbstract_D1E572CBFE2496B07262C2B6CC1DB173" 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_B8093CA147C1ABDB6797C2B6CC1D92F1" 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_D1E572CBFE2496B07262C2B6CC1DB173" xlink:to="loc_us-gaap_NatureOfOperations_B8093CA147C1ABDB6797C2B6CC1D92F1" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/BusinessAndOrganizationDetails" xlink:type="extended">
    <loc xlink:href="frt-20130630.xsd#frt_NatureOfOperationsAbstract" xlink:label="loc_frt_NatureOfOperationsAbstract_FD5BDE1ECA708CBB6E91C2B6CC7B87A0" 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_C02E92E59419B69797A3C2B6CC7BA39E" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_NatureOfOperationsAbstract_FD5BDE1ECA708CBB6E91C2B6CC7B87A0" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_C02E92E59419B69797A3C2B6CC7BA39E" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_MinimumPercentageOfTaxableIncomeDistributedToShareholders" xlink:label="loc_frt_MinimumPercentageOfTaxableIncomeDistributedToShareholders_6E49E57FD007E39CA18BC2B6CC7B41CC" 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_FD5BDE1ECA708CBB6E91C2B6CC7B87A0" xlink:to="loc_frt_MinimumPercentageOfTaxableIncomeDistributedToShareholders_6E49E57FD007E39CA18BC2B6CC7B41CC" 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_53ABA7074FCBDF6D6FDEC2B6CC1DDE10" 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_F69928DAA39ABC030E23C2B6CC1DC49F" 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_53ABA7074FCBDF6D6FDEC2B6CC1DDE10" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_F69928DAA39ABC030E23C2B6CC1DC49F" 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_0C3A0628C34D9D37E6F0C2B6CC4C2DF0" 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_BC6B5756F5F0396AF18CC2B6CC4CD2A9" 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_0C3A0628C34D9D37E6F0C2B6CC4C2DF0" xlink:to="loc_us-gaap_LossContingenciesTable_BC6B5756F5F0396AF18CC2B6CC4CD2A9" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_ContractualObligationAxis" xlink:label="loc_frt_ContractualObligationAxis_E34DAB7572D515362F69C2B6CC4CC2F3" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_BC6B5756F5F0396AF18CC2B6CC4CD2A9" xlink:to="loc_frt_ContractualObligationAxis_E34DAB7572D515362F69C2B6CC4CC2F3" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_ContractualObligationDomain" xlink:label="loc_frt_ContractualObligationDomain_4EFBC6968161E0135F73C2B6CC4C7AA6" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ContractualObligationAxis_E34DAB7572D515362F69C2B6CC4CC2F3" xlink:to="loc_frt_ContractualObligationDomain_4EFBC6968161E0135F73C2B6CC4C7AA6" 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_62B04DF3EAAF827C4F7BC2B6CC4CBF4D" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_BC6B5756F5F0396AF18CC2B6CC4CD2A9" xlink:to="loc_us-gaap_LossContingenciesLineItems_62B04DF3EAAF827C4F7BC2B6CC4CBF4D" 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_AB44A1EE6313589335C9C2B6CC4C51AB" 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_62B04DF3EAAF827C4F7BC2B6CC4CBF4D" xlink:to="loc_us-gaap_PartnersCapitalAccountUnits_AB44A1EE6313589335C9C2B6CC4C51AB" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_OperatingPartnershipUnitsFairValue" xlink:label="loc_frt_OperatingPartnershipUnitsFairValue_7D295C5B8CA2E3EC755CC2B6CC4C5014" 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_62B04DF3EAAF827C4F7BC2B6CC4CBF4D" xlink:to="loc_frt_OperatingPartnershipUnitsFairValue_7D295C5B8CA2E3EC755CC2B6CC4C5014" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncome" xlink:type="extended">
    <loc xlink:href="frt-20130630.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_DF41965FD4007FFB5F02C2B6CC9AD636" xlink:type="locator" />
    <loc xlink:href="frt-20130630.xsd#frt_OperatingLeasesRevenueAndExpenseTextBlock" xlink:label="loc_frt_OperatingLeasesRevenueAndExpenseTextBlock_318B7212D9A69EAE5109C2B6CC9A6992" 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_DF41965FD4007FFB5F02C2B6CC9AD636" xlink:to="loc_frt_OperatingLeasesRevenueAndExpenseTextBlock_318B7212D9A69EAE5109C2B6CC9A6992" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfMinimumRentDetails" xlink:type="extended">
    <loc xlink:href="frt-20130630.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_3EB60815D559C9E6DAF02FF08E5B485F" xlink:type="locator" />
    <loc xlink:href="frt-20130630.xsd#frt_ScheduleOfMinimumRentsTable" xlink:label="loc_frt_ScheduleOfMinimumRentsTable_CC75F63551E2A502593C2FF08E5B3FCF" 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_3EB60815D559C9E6DAF02FF08E5B485F" xlink:to="loc_frt_ScheduleOfMinimumRentsTable_CC75F63551E2A502593C2FF08E5B3FCF" 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_314C6A25FD9ED4CFF4E92FF08E5B69B0" 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_CC75F63551E2A502593C2FF08E5B3FCF" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_314C6A25FD9ED4CFF4E92FF08E5B69B0" 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_6787C56C4A103AAADF022FF08E5B6D0F" 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_314C6A25FD9ED4CFF4E92FF08E5B69B0" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_6787C56C4A103AAADF022FF08E5B6D0F" 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_7EC24E71FD97DB2AF57C2FF08E5B84FB" 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_FiniteLivedIntangibleAssetsMajorClassNameDomain_6787C56C4A103AAADF022FF08E5B6D0F" xlink:to="loc_us-gaap_AboveMarketLeasesMember_7EC24E71FD97DB2AF57C2FF08E5B84FB" 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_7DABD39F15232A1659B92FF08E5B1E02" 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_FiniteLivedIntangibleAssetsMajorClassNameDomain_6787C56C4A103AAADF022FF08E5B6D0F" xlink:to="loc_us-gaap_BelowMarketLeasesMember_7DABD39F15232A1659B92FF08E5B1E02" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_MinimumRentLineItems" xlink:label="loc_frt_MinimumRentLineItems_74C66B23169A85B36CBC2FF08E5B6799" 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_CC75F63551E2A502593C2FF08E5B3FCF" xlink:to="loc_frt_MinimumRentLineItems_74C66B23169A85B36CBC2FF08E5B6799" 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_DDA88A12C99D78C2E5E32FF08E5BD25F" 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_74C66B23169A85B36CBC2FF08E5B6799" xlink:to="loc_us-gaap_StraightLineRent_DDA88A12C99D78C2E5E32FF08E5BD25F" 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_70CB7B047E7EC52BAB502FF08E5BB72E" 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_74C66B23169A85B36CBC2FF08E5B6799" xlink:to="loc_us-gaap_AmortizationOfAcquiredIntangibleAssets_70CB7B047E7EC52BAB502FF08E5BB72E" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_AmortizationOfAcquiredBelowMarketLeases" xlink:label="loc_frt_AmortizationOfAcquiredBelowMarketLeases_D65D09595E1C40EDB45A2FF08E5B7524" 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_74C66B23169A85B36CBC2FF08E5B6799" xlink:to="loc_frt_AmortizationOfAcquiredBelowMarketLeases_D65D09595E1C40EDB45A2FF08E5B7524" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfPrincipalComponentsOfRentalIncomeDetails" xlink:type="extended">
    <loc xlink:href="frt-20130630.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_04B8AC10023276268FC2F3C87EDA6AA5" xlink:type="locator" />
    <loc xlink:href="frt-20130630.xsd#frt_ComponentsOfRentalIncomeTable" xlink:label="loc_frt_ComponentsOfRentalIncomeTable_855D59A085D1451E762CF3C87EDAE601" 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_04B8AC10023276268FC2F3C87EDA6AA5" xlink:to="loc_frt_ComponentsOfRentalIncomeTable_855D59A085D1451E762CF3C87EDAE601" 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_B5293C8E634368BFE567F3C87EDA9B44" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ComponentsOfRentalIncomeTable_855D59A085D1451E762CF3C87EDAE601" xlink:to="loc_us-gaap_ProductOrServiceAxis_B5293C8E634368BFE567F3C87EDA9B44" 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_1812C4DAD280202FEC87F3C87EDAF87E" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ProductOrServiceAxis_B5293C8E634368BFE567F3C87EDA9B44" xlink:to="loc_us-gaap_ProductsAndServicesDomain_1812C4DAD280202FEC87F3C87EDAF87E" 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_06708F20E0477C55F23BF3C87EDA9FC9" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ProductsAndServicesDomain_1812C4DAD280202FEC87F3C87EDAF87E" xlink:to="loc_us-gaap_CommercialRealEstateMember_06708F20E0477C55F23BF3C87EDA9FC9" 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_EDE6779F3572520C0E97F3C87EDA1F96" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ProductsAndServicesDomain_1812C4DAD280202FEC87F3C87EDAF87E" xlink:to="loc_us-gaap_ResidentialRealEstateMember_EDE6779F3572520C0E97F3C87EDA1F96" 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_C4AD586F47948660CDFEF3C87EDA795F" 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_855D59A085D1451E762CF3C87EDAE601" xlink:to="loc_us-gaap_StatementLineItems_C4AD586F47948660CDFEF3C87EDA795F" 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_04838E088CD26F8A7CB0F3C87EDABFD1" 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_C4AD586F47948660CDFEF3C87EDA795F" xlink:to="loc_us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue_04838E088CD26F8A7CB0F3C87EDABFD1" 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_E31102963B0A44D02508F3C87EDA1CBE" 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_C4AD586F47948660CDFEF3C87EDA795F" xlink:to="loc_us-gaap_TenantReimbursements_E31102963B0A44D02508F3C87EDA1CBE" 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_63AFFE6492F73391D894F3C87EDA4C7B" 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_C4AD586F47948660CDFEF3C87EDA795F" xlink:to="loc_us-gaap_PercentageRent_63AFFE6492F73391D894F3C87EDA4C7B" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_OtherRentalIncome" xlink:label="loc_frt_OtherRentalIncome_CA7D767CFA8DB4D54CF8F3C87EDAE1FB" 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_C4AD586F47948660CDFEF3C87EDA795F" xlink:to="loc_frt_OtherRentalIncome_CA7D767CFA8DB4D54CF8F3C87EDAE1FB" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_RentalIncome" xlink:label="loc_frt_RentalIncome_454FB29C18C69ADB6020F3C87EDA01AF" 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_C4AD586F47948660CDFEF3C87EDA795F" xlink:to="loc_frt_RentalIncome_454FB29C18C69ADB6020F3C87EDA01AF" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeTables" xlink:type="extended">
    <loc xlink:href="frt-20130630.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_C18DB7D4A03BF8984E71C2B6CC1DB361" xlink:type="locator" />
    <loc xlink:href="frt-20130630.xsd#frt_ScheduleOfComponentOfRentalIncomeTableTextBlock" xlink:label="loc_frt_ScheduleOfComponentOfRentalIncomeTableTextBlock_766165E9150BA45F37AEC2B6CC1D027E" 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_C18DB7D4A03BF8984E71C2B6CC1DB361" xlink:to="loc_frt_ScheduleOfComponentOfRentalIncomeTableTextBlock_766165E9150BA45F37AEC2B6CC1D027E" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_ScheduleOfMinimumRentsComponentsTableTextblock" xlink:label="loc_frt_ScheduleOfMinimumRentsComponentsTableTextblock_84CBE8A01D8D4C3408E9C2B6CC1DFBD0" 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_C18DB7D4A03BF8984E71C2B6CC1DB361" xlink:to="loc_frt_ScheduleOfMinimumRentsComponentsTableTextblock_84CBE8A01D8D4C3408E9C2B6CC1DFBD0" 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_53B98C8E858FE767A658E3183574E153" 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_7A60634C4D5BDD6FA8E1E31835744431" 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_53B98C8E858FE767A658E3183574E153" xlink:to="loc_us-gaap_StatementTable_7A60634C4D5BDD6FA8E1E31835744431" 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_CF07AAE48E3E7ED62E21E3183574F4A3" 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_7A60634C4D5BDD6FA8E1E31835744431" xlink:to="loc_us-gaap_StatementClassOfStockAxis_CF07AAE48E3E7ED62E21E3183574F4A3" 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_7EF0AB88FEA2EF722196E3183574BAD4" 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_CF07AAE48E3E7ED62E21E3183574F4A3" xlink:to="loc_us-gaap_ClassOfStockDomain_7EF0AB88FEA2EF722196E3183574BAD4" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_A5417Series1CumulativeConvertiblePreferredMember" xlink:label="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_E0BB3EB9D7809391408AE3183574C348" 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_StatementClassOfStockAxis_CF07AAE48E3E7ED62E21E3183574F4A3" xlink:to="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_E0BB3EB9D7809391408AE3183574C348" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_AE966DD9886E181E828DE318357427EA" 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_7A60634C4D5BDD6FA8E1E31835744431" xlink:to="loc_dei_LegalEntityAxis_AE966DD9886E181E828DE318357427EA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_56E5EFBC2DA38D68DB93E3183574385C" 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_AE966DD9886E181E828DE318357427EA" xlink:to="loc_dei_EntityDomain_56E5EFBC2DA38D68DB93E3183574385C" 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_49E51BFD0A47546F95D2E3183574E137" 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_7A60634C4D5BDD6FA8E1E31835744431" xlink:to="loc_us-gaap_StatementLineItems_49E51BFD0A47546F95D2E3183574E137" 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_B573B3F521512C6320BAE31835747768" 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_49E51BFD0A47546F95D2E3183574E137" xlink:to="loc_us-gaap_AssetsAbstract_B573B3F521512C6320BAE31835747768" 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_C56F6EF54DB9772738A7E3183574A6E0" 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_B573B3F521512C6320BAE31835747768" xlink:to="loc_us-gaap_RentalProperties_C56F6EF54DB9772738A7E3183574A6E0" 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_8AF6925C5CD1E61D2166E318357474C0" 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_B573B3F521512C6320BAE31835747768" xlink:to="loc_us-gaap_ConstructionInProgressGross_8AF6925C5CD1E61D2166E318357474C0" 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_6AE9C2331B0D07F0A3E3E31835741C54" 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_B573B3F521512C6320BAE31835747768" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAtCost_6AE9C2331B0D07F0A3E3E31835741C54" 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_6FBE89BDA7B0A3763F08E3183574006F" 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_B573B3F521512C6320BAE31835747768" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_6FBE89BDA7B0A3763F08E3183574006F" 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_210F06A912635166F1D0E3183574F766" 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_B573B3F521512C6320BAE31835747768" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_210F06A912635166F1D0E3183574F766" 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_B27BAF7CE88BDFA69581E31835747CA4" 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_B573B3F521512C6320BAE31835747768" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_B27BAF7CE88BDFA69581E31835747CA4" 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_457E94737B735DD2948EE31835740B88" 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_B573B3F521512C6320BAE31835747768" xlink:to="loc_us-gaap_AccountsAndNotesReceivableNet_457E94737B735DD2948EE31835740B88" 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_C2D6FDBB92DE61C273DAE318357413AC" 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_B573B3F521512C6320BAE31835747768" xlink:to="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_C2D6FDBB92DE61C273DAE318357413AC" 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_CFEF8112076017A61C54E318357472DD" 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_B573B3F521512C6320BAE31835747768" xlink:to="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_CFEF8112076017A61C54E318357472DD" 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_98E1EF198B9E237BF580E3183574A4C6" 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_B573B3F521512C6320BAE31835747768" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssets_98E1EF198B9E237BF580E3183574A4C6" 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_52C45F5844F000FD8309E318357491DD" 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_B573B3F521512C6320BAE31835747768" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_52C45F5844F000FD8309E318357491DD" 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_D9D5FDC3B8DAB1D3261CE31835748A31" 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_B573B3F521512C6320BAE31835747768" xlink:to="loc_us-gaap_Assets_D9D5FDC3B8DAB1D3261CE31835748A31" 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_57F3BB12BAF0FC093233E31835741231" 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_49E51BFD0A47546F95D2E3183574E137" xlink:to="loc_us-gaap_LiabilitiesAbstract_57F3BB12BAF0FC093233E31835741231" 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_3E191080F3BFDA740DD7E3183574F98E" 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_57F3BB12BAF0FC093233E31835741231" xlink:to="loc_us-gaap_SecuredDebt_3E191080F3BFDA740DD7E3183574F98E" 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_DC472131F7C44AB4A5AFE318357448B2" 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_57F3BB12BAF0FC093233E31835741231" xlink:to="loc_us-gaap_CapitalLeaseObligations_DC472131F7C44AB4A5AFE318357448B2" 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_CE1108AA160B1F106354E3183574C678" 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_57F3BB12BAF0FC093233E31835741231" xlink:to="loc_us-gaap_NotesPayable_CE1108AA160B1F106354E3183574C678" 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_C706DC71F197349D8AACE3183574EF05" 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_57F3BB12BAF0FC093233E31835741231" xlink:to="loc_us-gaap_SeniorNotes_C706DC71F197349D8AACE3183574EF05" 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_A551805B22E0A91062B9E3183574CB09" 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_57F3BB12BAF0FC093233E31835741231" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_A551805B22E0A91062B9E3183574CB09" 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_089101A757F2AA4297F1E3183574DF89" 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_57F3BB12BAF0FC093233E31835741231" xlink:to="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_089101A757F2AA4297F1E3183574DF89" 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_ACED78363B1BBE976DA6E31835745938" 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_57F3BB12BAF0FC093233E31835741231" xlink:to="loc_us-gaap_SecurityDepositLiability_ACED78363B1BBE976DA6E31835745938" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_OtherLiabilitiesAndDeferredCredits" xlink:label="loc_frt_OtherLiabilitiesAndDeferredCredits_859AF674464BB190FCEBE3183574623B" 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_57F3BB12BAF0FC093233E31835741231" xlink:to="loc_frt_OtherLiabilitiesAndDeferredCredits_859AF674464BB190FCEBE3183574623B" 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_8A61FBDCD97145515498E31835741AA6" 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_57F3BB12BAF0FC093233E31835741231" xlink:to="loc_us-gaap_Liabilities_8A61FBDCD97145515498E31835741AA6" 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_CC9D1F093C92ACB82D7CE31835749B04" 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_57F3BB12BAF0FC093233E31835741231" xlink:to="loc_us-gaap_CommitmentsAndContingencies_CC9D1F093C92ACB82D7CE31835749B04" 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_DE74E1D0147AA6C62DA7E318357458CF" 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_57F3BB12BAF0FC093233E31835741231" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_DE74E1D0147AA6C62DA7E318357458CF" 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_B6BB43B6E6991B49D5B1E31835745612" 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_49E51BFD0A47546F95D2E3183574E137" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_B6BB43B6E6991B49D5B1E31835745612" 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_9D0FB0A37F73A85E8CF2E31835741502" 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_B6BB43B6E6991B49D5B1E31835745612" xlink:to="loc_us-gaap_PreferredStockValue_9D0FB0A37F73A85E8CF2E31835741502" 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_3443DFE0EF2CFF8F6AFBE3183574395D" 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_B6BB43B6E6991B49D5B1E31835745612" xlink:to="loc_us-gaap_CommonStockValue_3443DFE0EF2CFF8F6AFBE3183574395D" 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_CD5C1172605A93F4F96EE3183574B5BF" 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_B6BB43B6E6991B49D5B1E31835745612" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_CD5C1172605A93F4F96EE3183574B5BF" 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_AF2667FEFE39FF9C365FE318357429D7" 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_B6BB43B6E6991B49D5B1E31835745612" xlink:to="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncome_AF2667FEFE39FF9C365FE318357429D7" 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_8178B1ABD9CBB8701163E3183574D885" 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_B6BB43B6E6991B49D5B1E31835745612" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_8178B1ABD9CBB8701163E3183574D885" 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_9989784E341A65118548E3183574B425" 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_B6BB43B6E6991B49D5B1E31835745612" xlink:to="loc_us-gaap_StockholdersEquity_9989784E341A65118548E3183574B425" 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_2E417DDDF47DA75A6D57E3183574F4F2" 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_B6BB43B6E6991B49D5B1E31835745612" xlink:to="loc_us-gaap_MinorityInterest_2E417DDDF47DA75A6D57E3183574F4F2" 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_2177B47EF45966516B2DE3183574485B" 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_B6BB43B6E6991B49D5B1E31835745612" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2177B47EF45966516B2DE3183574485B" 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_5B95E2D566264C3DF06AE3183574DD79" 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_B6BB43B6E6991B49D5B1E31835745612" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_5B95E2D566264C3DF06AE3183574DD79" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ConsolidatedBalanceSheetsParentheticals" xlink:type="extended">
    <loc xlink:href="frt-20130630.xsd#frt_ConsolidatedBalanceSheetsParentheticalsAbstract" xlink:label="loc_frt_ConsolidatedBalanceSheetsParentheticalsAbstract_FCBF91D4756B8609BD43C2B6CC9A5A62" 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_D0484BF35F69F253E223C2B6CC9A90BE" 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_ConsolidatedBalanceSheetsParentheticalsAbstract_FCBF91D4756B8609BD43C2B6CC9A5A62" xlink:to="loc_us-gaap_StatementTable_D0484BF35F69F253E223C2B6CC9A90BE" 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_C3D66B85AB0962DA8BD3C2B6CC9ABBB2" 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_D0484BF35F69F253E223C2B6CC9A90BE" xlink:to="loc_us-gaap_StatementScenarioAxis_C3D66B85AB0962DA8BD3C2B6CC9ABBB2" 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_0EBD9F0BEC342FCBC851C2B6CC9AC22E" 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_C3D66B85AB0962DA8BD3C2B6CC9ABBB2" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_0EBD9F0BEC342FCBC851C2B6CC9AC22E" 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_E95A17DC137CF2A6A7D0C2B6CC9A6892" 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_D0484BF35F69F253E223C2B6CC9A90BE" xlink:to="loc_us-gaap_StatementClassOfStockAxis_E95A17DC137CF2A6A7D0C2B6CC9A6892" 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_2BF434226659B925FC0AC2B6CC9A079E" 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_E95A17DC137CF2A6A7D0C2B6CC9A6892" xlink:to="loc_us-gaap_ClassOfStockDomain_2BF434226659B925FC0AC2B6CC9A079E" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_A5417Series1CumulativeConvertiblePreferredMember" xlink:label="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_4C8E02ABFB93D870BBFCC2B6CC9ACD62" 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_2BF434226659B925FC0AC2B6CC9A079E" xlink:to="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_4C8E02ABFB93D870BBFCC2B6CC9ACD62" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" 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_D0484BF35F69F253E223C2B6CC9A90BE" xlink:to="loc_us-gaap_StatementLineItems_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_OperatingRealEstateFromConsolidatedVariableInterestEntities" xlink:label="loc_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_9AEC5693B1D3E98BABAEC2B6CC9A152B" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_9AEC5693B1D3E98BABAEC2B6CC9A152B" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities" xlink:label="loc_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_EBE4A531478F18D6A7F2C2B6CC9AF4B3" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_EBE4A531478F18D6A7F2C2B6CC9AF4B3" 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_7DAA506AE0F6DAC629B4C2B6CC9A4E3B" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_us-gaap_AccumulatedAmortizationDeferredFinanceCosts_7DAA506AE0F6DAC629B4C2B6CC9A4E3B" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_MortgagePayableFromConsolidatedVariableInterestEntities" xlink:label="loc_frt_MortgagePayableFromConsolidatedVariableInterestEntities_C935361C6F201E4EA170C2B6CC9ACA06" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_frt_MortgagePayableFromConsolidatedVariableInterestEntities_C935361C6F201E4EA170C2B6CC9ACA06" 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_419B5FF722C93F5171D9C2B6CC9A4EB0" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_us-gaap_PreferredStockSharesAuthorized_419B5FF722C93F5171D9C2B6CC9A4EB0" 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_95DBF44F18B7B99E8F63C2B6CC9ACC8F" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_us-gaap_PreferredStockParOrStatedValuePerShare_95DBF44F18B7B99E8F63C2B6CC9ACC8F" 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_578E8AE3505E79EEDBC0C2B6CC9A5EFB" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_578E8AE3505E79EEDBC0C2B6CC9A5EFB" 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_870418D0193DA0922FEBC2B6CC9A2073" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_us-gaap_PreferredStockLiquidationPreference_870418D0193DA0922FEBC2B6CC9A2073" 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_A97B3FCB928AC1CE5676C2B6CC9AFA96" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_us-gaap_PreferredStockSharesIssued_A97B3FCB928AC1CE5676C2B6CC9AFA96" 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_AAA2061FD4D57DE5F260C2B6CC9A1325" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_AAA2061FD4D57DE5F260C2B6CC9A1325" 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_EA64F67C6360C9FD9B96C2B6CC9A4487" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_EA64F67C6360C9FD9B96C2B6CC9A4487" 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_C3AB4A1E03AA1B70118CC2B6CC9AE084" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_C3AB4A1E03AA1B70118CC2B6CC9AE084" 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_91C808481527AAC226CBC2B6CC9AC83B" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_us-gaap_CommonStockSharesIssued_91C808481527AAC226CBC2B6CC9AC83B" 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_D3FF13FCB42F80D739D3C2B6CC9A503B" 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_3314B8C92A016BDFF80CC2B6CC9ADF75" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_D3FF13FCB42F80D739D3C2B6CC9A503B" 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_0C60BAFD0A27EE7C69CEE94304402BA9" 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_472813F6045B5B91B021E943044098F7" 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_0C60BAFD0A27EE7C69CEE94304402BA9" xlink:to="loc_us-gaap_StatementTable_472813F6045B5B91B021E943044098F7" 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_8D2CC1757F172EFDD7D5E9430440CE36" 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_472813F6045B5B91B021E943044098F7" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_8D2CC1757F172EFDD7D5E9430440CE36" 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_EFED595B1BE3F42209E3E943044024B4" 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_8D2CC1757F172EFDD7D5E9430440CE36" xlink:to="loc_us-gaap_EquityComponentDomain_EFED595B1BE3F42209E3E943044024B4" 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_6A3053B796DAD6CFE598E9430440119E" 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_EFED595B1BE3F42209E3E943044024B4" xlink:to="loc_us-gaap_PreferredStockMember_6A3053B796DAD6CFE598E9430440119E" 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_29A6D0B62A2A267CCF03E9430440E12E" 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_EFED595B1BE3F42209E3E943044024B4" xlink:to="loc_us-gaap_CommonStockMember_29A6D0B62A2A267CCF03E9430440E12E" 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_68F234089D68237313CEE9430440F1E7" 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_EFED595B1BE3F42209E3E943044024B4" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_68F234089D68237313CEE9430440F1E7" 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_9D41C293F6853CF80A92E9430440B5A8" 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_EFED595B1BE3F42209E3E943044024B4" xlink:to="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_9D41C293F6853CF80A92E9430440B5A8" 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_93F168EE8193FE457ED7E9430440D558" xlink:type="locator" />
    <presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_EFED595B1BE3F42209E3E943044024B4" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_93F168EE8193FE457ED7E9430440D558" 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_1F18B721A4CF9CC3D2E4E943044064E8" 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_EFED595B1BE3F42209E3E943044024B4" xlink:to="loc_us-gaap_NoncontrollingInterestMember_1F18B721A4CF9CC3D2E4E943044064E8" 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_3E06D80BB7511A05F6DDE94304400968" 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_472813F6045B5B91B021E943044098F7" xlink:to="loc_us-gaap_StatementLineItems_3E06D80BB7511A05F6DDE94304400968" 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_E1DB7E5FDF156C3FC64BE94304409D41" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_SharesOutstanding_E1DB7E5FDF156C3FC64BE94304409D41" 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_5E8C974981A4C8DEE885E94304407804" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_5E8C974981A4C8DEE885E94304407804" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_ProfitLossExcludingRedeemableNoncontrollingInterests" xlink:label="loc_frt_ProfitLossExcludingRedeemableNoncontrollingInterests_7538693D1FD7F99C09B0E94304401CDC" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_frt_ProfitLossExcludingRedeemableNoncontrollingInterests_7538693D1FD7F99C09B0E94304401CDC" 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_7A2F0ECEA73A865A18D5E94304402C8F" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_7A2F0ECEA73A865A18D5E94304402C8F" 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_6570933C98FBAD899DBBE94304409E5F" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_DividendsCommonStockCash_6570933C98FBAD899DBBE94304409E5F" 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_A3F17DD00C3B872A759FE94304409040" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_DividendsPreferredStockCash_A3F17DD00C3B872A759FE94304409040" 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_E282F96369310C69042AE9430440E794" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_E282F96369310C69042AE9430440E794" 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_97DCE110FC6624C3A465E94304404ED3" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_97DCE110FC6624C3A465E94304404ED3" 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_89F6EEE420006EB4B641E9430440976E" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_89F6EEE420006EB4B641E9430440976E" 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_E0AB316C731E20250ED4E9430440118B" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_E0AB316C731E20250ED4E9430440118B" 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_E5C139742BB370648940E94304401469" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_E5C139742BB370648940E94304401469" 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_255E0EA8AB03A32589B4E9430440921F" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_255E0EA8AB03A32589B4E9430440921F" 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_7DAB3F4ACF93D0A08C60E94304407946" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_7DAB3F4ACF93D0A08C60E94304407946" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_ShareBasedCompensationExpenseNetShares" xlink:label="loc_frt_ShareBasedCompensationExpenseNetShares_D90DE7A2661F059D3E0BE943044AAF5F" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_frt_ShareBasedCompensationExpenseNetShares_D90DE7A2661F059D3E0BE943044AAF5F" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_ShareBasedCompensationExpenseNetValue" xlink:label="loc_frt_ShareBasedCompensationExpenseNetValue_4D32D9407D9FEB576E8BE943044AC230" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_frt_ShareBasedCompensationExpenseNetValue_4D32D9407D9FEB576E8BE943044AC230" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares" xlink:label="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_6735FE83A62D3FA31B0BE943044A3CD2" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_6735FE83A62D3FA31B0BE943044A3CD2" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_ConversionAndRedemptionOfOperatingPartnershipUnits" xlink:label="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnits_4CAA8DA6867E7585965DE943044A9D46" 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_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnits_4CAA8DA6867E7585965DE943044A9D46" 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_F11F1FA7D81D862B1B93E943044A8BA7" xlink:type="locator" />
    <presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_SharesOutstanding_F11F1FA7D81D862B1B93E943044A8BA7" 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_B16B3FC6240B4C958144E943044A9F0A" xlink:type="locator" />
    <presentationArc order="19" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3E06D80BB7511A05F6DDE94304400968" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_B16B3FC6240B4C958144E943044A9F0A" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ConsolidatedStatementOfShareholdersEquityParentheticals" 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_E451FB024000E99EF236C2B6CC8A338F" 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_C7635ABA306B9ABDA7AAC2B6CC8A09DF" 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_E451FB024000E99EF236C2B6CC8A338F" xlink:to="loc_us-gaap_StatementTable_C7635ABA306B9ABDA7AAC2B6CC8A09DF" 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_78788F7D9CC22524ADB4C2B6CC8A1831" 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_C7635ABA306B9ABDA7AAC2B6CC8A09DF" xlink:to="loc_us-gaap_StatementScenarioAxis_78788F7D9CC22524ADB4C2B6CC8A1831" 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_D15DB1F24F32030FD8F6C2B6CC8AB4A7" 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_78788F7D9CC22524ADB4C2B6CC8A1831" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_D15DB1F24F32030FD8F6C2B6CC8AB4A7" 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_176AFF1E4059AC59DAD6C2B6CC8AB161" 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_C7635ABA306B9ABDA7AAC2B6CC8A09DF" xlink:to="loc_us-gaap_StatementLineItems_176AFF1E4059AC59DAD6C2B6CC8AB161" 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_12CA0349D324E9A73D54C2B6CC8AC7DE" 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_176AFF1E4059AC59DAD6C2B6CC8AB161" xlink:to="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_12CA0349D324E9A73D54C2B6CC8AC7DE" 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_F3DBAFC6BD8EF58E98FAF20A301442F4" 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_5392705214D516A2FFE9F20A3024BC7D" 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_F3DBAFC6BD8EF58E98FAF20A301442F4" xlink:to="loc_us-gaap_StatementTable_5392705214D516A2FFE9F20A3024BC7D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_C503937259E72E027715F20A3024B932" 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_5392705214D516A2FFE9F20A3024BC7D" xlink:to="loc_dei_LegalEntityAxis_C503937259E72E027715F20A3024B932" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_905BF701BF16585A44E2F20A30241B34" 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_C503937259E72E027715F20A3024B932" xlink:to="loc_dei_EntityDomain_905BF701BF16585A44E2F20A30241B34" 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_C9B38BDCE4E83D17D5A7F20A30245EC4" 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_5392705214D516A2FFE9F20A3024BC7D" xlink:to="loc_us-gaap_StatementLineItems_C9B38BDCE4E83D17D5A7F20A30245EC4" 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_493760DC69C32B3EA619F20A30244E8B" 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_C9B38BDCE4E83D17D5A7F20A30245EC4" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_493760DC69C32B3EA619F20A30244E8B" 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_D5E35C2C4AB6D0C01277F20A3024CD17" 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_493760DC69C32B3EA619F20A30244E8B" xlink:to="loc_us-gaap_ProfitLoss_D5E35C2C4AB6D0C01277F20A3024CD17" 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_9BADD31F18F870A5AAAEF20A3024522D" 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_493760DC69C32B3EA619F20A30244E8B" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_9BADD31F18F870A5AAAEF20A3024522D" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_AdjustmentDepreciationAndAmortization" xlink:label="loc_frt_AdjustmentDepreciationAndAmortization_F98EF2D390F5C9D342B9F20A3024C986" 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_9BADD31F18F870A5AAAEF20A3024522D" xlink:to="loc_frt_AdjustmentDepreciationAndAmortization_F98EF2D390F5C9D342B9F20A3024C986" 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_5AA6D579370AFA58A837F20A3024EADA" 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_9BADD31F18F870A5AAAEF20A3024522D" xlink:to="loc_us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax_5AA6D579370AFA58A837F20A3024EADA" 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_F205408BDC8740C40DFFF20A3024D038" 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_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_9BADD31F18F870A5AAAEF20A3024522D" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_F205408BDC8740C40DFFF20A3024D038" 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_9189AC5C286877EB8C04F20A30244406" 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_9BADD31F18F870A5AAAEF20A3024522D" xlink:to="loc_us-gaap_OtherNoncashIncomeExpense_9189AC5C286877EB8C04F20A30244406" 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_9E0B5C8F2CDF9645824CF20A30245468" 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_493760DC69C32B3EA619F20A30244E8B" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_9E0B5C8F2CDF9645824CF20A30245468" 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_758A7B42D6C2EE7AD7D0F20A30249F9F" 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_9E0B5C8F2CDF9645824CF20A30245468" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_758A7B42D6C2EE7AD7D0F20A30249F9F" 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_A76D6947CE0B08C797F6F20A3024F5BA" 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_9E0B5C8F2CDF9645824CF20A30245468" xlink:to="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_A76D6947CE0B08C797F6F20A3024F5BA" 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_7A87EA6DC197DF87BC40F20A302431A9" 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_9E0B5C8F2CDF9645824CF20A30245468" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_7A87EA6DC197DF87BC40F20A302431A9" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities" xlink:label="loc_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_C66130159B6E7242F019F20A3024AC44" 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_9E0B5C8F2CDF9645824CF20A30245468" xlink:to="loc_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_C66130159B6E7242F019F20A3024AC44" 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_4BFCC88932962FA3A438F20A302444D8" 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_493760DC69C32B3EA619F20A30244E8B" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4BFCC88932962FA3A438F20A302444D8" 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_EF2F5040C97AA3A793A5F20A3024015C" 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_C9B38BDCE4E83D17D5A7F20A30245EC4" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_EF2F5040C97AA3A793A5F20A3024015C" 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_5BD6B380C60FD1380E56F20A3024B067" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_EF2F5040C97AA3A793A5F20A3024015C" xlink:to="loc_us-gaap_PaymentsToAcquireRealEstate_5BD6B380C60FD1380E56F20A3024B067" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_CapitalExpendituresDevelopmentRedevelopment" xlink:label="loc_frt_CapitalExpendituresDevelopmentRedevelopment_93E610122869974FE83AF20A30242F0D" 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_EF2F5040C97AA3A793A5F20A3024015C" xlink:to="loc_frt_CapitalExpendituresDevelopmentRedevelopment_93E610122869974FE83AF20A30242F0D" 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_4599856487FB228136DFF20A30242694" 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_EF2F5040C97AA3A793A5F20A3024015C" xlink:to="loc_us-gaap_PaymentsForCapitalImprovements_4599856487FB228136DFF20A30242694" 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_97B2441E5A891D72F9CBF20A3024D825" 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_EF2F5040C97AA3A793A5F20A3024015C" xlink:to="loc_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_97B2441E5A891D72F9CBF20A3024D825" 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_D266BBB3F4FD436CF548F20A3024E766" 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_NetCashProvidedByUsedInInvestingActivitiesAbstract_EF2F5040C97AA3A793A5F20A3024015C" xlink:to="loc_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_D266BBB3F4FD436CF548F20A3024E766" 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_78C01A690410447D768FF20A3024AAE0" 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_NetCashProvidedByUsedInInvestingActivitiesAbstract_EF2F5040C97AA3A793A5F20A3024015C" xlink:to="loc_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_78C01A690410447D768FF20A3024AAE0" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet" xlink:label="loc_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_189A590A40CB735D08C9F20A30240B2F" 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_EF2F5040C97AA3A793A5F20A3024015C" xlink:to="loc_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_189A590A40CB735D08C9F20A30240B2F" 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_D79AF4DF5F6A7BBD2CC9F20A30249292" 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_NetCashProvidedByUsedInInvestingActivitiesAbstract_EF2F5040C97AA3A793A5F20A3024015C" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_D79AF4DF5F6A7BBD2CC9F20A30249292" 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_7C8BA9FADD4B737515A8F20A30248D38" 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_C9B38BDCE4E83D17D5A7F20A30245EC4" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_7C8BA9FADD4B737515A8F20A30248D38" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_PaymentofCreditFacilityCosts" xlink:label="loc_frt_PaymentofCreditFacilityCosts_1F58D818A1523522EF52F21729639DE0" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_7C8BA9FADD4B737515A8F20A30248D38" xlink:to="loc_frt_PaymentofCreditFacilityCosts_1F58D818A1523522EF52F21729639DE0" 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_3F5B657002B48E98469CF20A30246CAD" 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_NetCashProvidedByUsedInFinancingActivitiesAbstract_7C8BA9FADD4B737515A8F20A30248D38" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_3F5B657002B48E98469CF20A30246CAD" 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_03A694FC3EBC086A1D04F20A302403E0" 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_7C8BA9FADD4B737515A8F20A30248D38" xlink:to="loc_us-gaap_RepaymentsOfSeniorDebt_03A694FC3EBC086A1D04F20A302403E0" 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_1793DE61499D4FB11B25F20A3024F3F7" 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_NetCashProvidedByUsedInFinancingActivitiesAbstract_7C8BA9FADD4B737515A8F20A30248D38" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet_1793DE61499D4FB11B25F20A3024F3F7" 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_5CEE418E4C3AA25E37D4F20A30248C5F" 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_NetCashProvidedByUsedInFinancingActivitiesAbstract_7C8BA9FADD4B737515A8F20A30248D38" xlink:to="loc_us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities_5CEE418E4C3AA25E37D4F20A30248C5F" 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_BF551DC35228C2E92BFBF20A3024EE8F" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_7C8BA9FADD4B737515A8F20A30248D38" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_BF551DC35228C2E92BFBF20A3024EE8F" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_DividendsPaidToCommonAndPreferredShareholders" xlink:label="loc_frt_DividendsPaidToCommonAndPreferredShareholders_5F9F6A7B46C662C3FED8F20A3024489E" 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_NetCashProvidedByUsedInFinancingActivitiesAbstract_7C8BA9FADD4B737515A8F20A30248D38" xlink:to="loc_frt_DividendsPaidToCommonAndPreferredShareholders_5F9F6A7B46C662C3FED8F20A3024489E" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_Paymentsofdividendsandredemptionsminorityinterest" xlink:label="loc_frt_Paymentsofdividendsandredemptionsminorityinterest_E3262619E13D76379C28F20A3024B6E8" 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_NetCashProvidedByUsedInFinancingActivitiesAbstract_7C8BA9FADD4B737515A8F20A30248D38" xlink:to="loc_frt_Paymentsofdividendsandredemptionsminorityinterest_E3262619E13D76379C28F20A3024B6E8" 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_8DB97667242E52A27187F20A302457C2" 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_NetCashProvidedByUsedInFinancingActivitiesAbstract_7C8BA9FADD4B737515A8F20A30248D38" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_8DB97667242E52A27187F20A302457C2" 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_5DA555CCBB96735E5329F20A3024BE23" 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_C9B38BDCE4E83D17D5A7F20A30245EC4" xlink:to="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_5DA555CCBB96735E5329F20A3024BE23" 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_A2413419762C6B78A5D7F20A302448F0" 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_C9B38BDCE4E83D17D5A7F20A30245EC4" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_A2413419762C6B78A5D7F20A302448F0" 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_7CFD7159A22447CF00DEF20A302431AE" 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_C9B38BDCE4E83D17D5A7F20A30245EC4" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_7CFD7159A22447CF00DEF20A302431AE" 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_A464950026B1597E8E18EE6C641B0484" 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_E788C7FE53FACC502E76EE6C641BA5A3" 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_A464950026B1597E8E18EE6C641B0484" xlink:to="loc_us-gaap_StatementTable_E788C7FE53FACC502E76EE6C641BA5A3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_EE60414A71D8D666C0C9EE6C642A2B1D" 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_E788C7FE53FACC502E76EE6C641BA5A3" xlink:to="loc_dei_LegalEntityAxis_EE60414A71D8D666C0C9EE6C642A2B1D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_C84CA451772628D4C298EE6C642A120A" 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_EE60414A71D8D666C0C9EE6C642A2B1D" xlink:to="loc_dei_EntityDomain_C84CA451772628D4C298EE6C642A120A" 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_8A78C872953432C3CB4DEE6C642A1339" 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_E788C7FE53FACC502E76EE6C641BA5A3" xlink:to="loc_us-gaap_StatementLineItems_8A78C872953432C3CB4DEE6C642A1339" 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_BB62BA1033D1AE35728BEE6C642A0A70" 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_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_RevenuesAbstract_BB62BA1033D1AE35728BEE6C642A0A70" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_RentalIncome" xlink:label="loc_frt_RentalIncome_F932C7FBD0D2B1F62B87EE6C642AA139" 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_BB62BA1033D1AE35728BEE6C642A0A70" xlink:to="loc_frt_RentalIncome_F932C7FBD0D2B1F62B87EE6C642AA139" 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_56C74273AF67F0A59B68EE6C642AC44A" 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_BB62BA1033D1AE35728BEE6C642A0A70" xlink:to="loc_us-gaap_OtherRealEstateRevenue_56C74273AF67F0A59B68EE6C642AC44A" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_RevenueMortgageInterest" xlink:label="loc_frt_RevenueMortgageInterest_532B87A12CC2B6869161EE6C642AEE0A" 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_BB62BA1033D1AE35728BEE6C642A0A70" xlink:to="loc_frt_RevenueMortgageInterest_532B87A12CC2B6869161EE6C642AEE0A" 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_8ED99C99E08AD8EDA6E4EE6C642AE108" 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_BB62BA1033D1AE35728BEE6C642A0A70" xlink:to="loc_us-gaap_Revenues_8ED99C99E08AD8EDA6E4EE6C642AE108" 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_171DF2F15AE54CA0E2ECEE6C642A1D18" 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_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_OperatingExpensesAbstract_171DF2F15AE54CA0E2ECEE6C642A1D18" 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_52209E3AAC935A632483EE6C642AE505" 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_171DF2F15AE54CA0E2ECEE6C642A1D18" xlink:to="loc_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_52209E3AAC935A632483EE6C642AE505" 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_084EED049159799B21A6EE6C642ADD01" 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_171DF2F15AE54CA0E2ECEE6C642A1D18" xlink:to="loc_us-gaap_RealEstateTaxExpense_084EED049159799B21A6EE6C642ADD01" 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_04B670977585A3C69218EE6C642A684C" 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_171DF2F15AE54CA0E2ECEE6C642A1D18" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_04B670977585A3C69218EE6C642A684C" 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_837B4D6FDAEA81112D92EE6C642ACF9B" 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_171DF2F15AE54CA0E2ECEE6C642A1D18" xlink:to="loc_us-gaap_DepreciationAndAmortization_837B4D6FDAEA81112D92EE6C642ACF9B" 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_10A5429E7A05DECCD070EE6C642A929D" 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_171DF2F15AE54CA0E2ECEE6C642A1D18" xlink:to="loc_us-gaap_OperatingExpenses_10A5429E7A05DECCD070EE6C642A929D" 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_6C0EC7774841B890DA8AEE6C642A9F9C" 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_171DF2F15AE54CA0E2ECEE6C642A1D18" xlink:to="loc_us-gaap_OperatingIncomeLoss_6C0EC7774841B890DA8AEE6C642A9F9C" 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_B0883CB6315DCC6D650CEE6C642A2E4C" 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_171DF2F15AE54CA0E2ECEE6C642A1D18" xlink:to="loc_us-gaap_InvestmentIncomeInterest_B0883CB6315DCC6D650CEE6C642A2E4C" 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_216DF7444DFD864FB8A3EE6C642A920B" 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_171DF2F15AE54CA0E2ECEE6C642A1D18" xlink:to="loc_us-gaap_InterestExpense_216DF7444DFD864FB8A3EE6C642A920B" 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_1D17CBA04CC510F74F4FEE6C642A36E6" 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_171DF2F15AE54CA0E2ECEE6C642A1D18" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_1D17CBA04CC510F74F4FEE6C642A36E6" 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_D510E62E8C0E7C165208EE6C642AF1BF" 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_171DF2F15AE54CA0E2ECEE6C642A1D18" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_D510E62E8C0E7C165208EE6C642AF1BF" 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_FFF4086BE962549AC8B1EE6C642A3E44" 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_171DF2F15AE54CA0E2ECEE6C642A1D18" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_FFF4086BE962549AC8B1EE6C642A3E44" 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_03204207DAAC6B459024EE6C642A834D" 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_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_FFF4086BE962549AC8B1EE6C642A3E44" xlink:to="loc_us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes_03204207DAAC6B459024EE6C642A834D" 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_2001372B457F74381AEFEE6C642A7FAF" 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_StatementLineItems_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_ProfitLoss_2001372B457F74381AEFEE6C642A7FAF" 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_DDC75B3A2EB345DB89CAEE6C642A7E1B" 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_StatementLineItems_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_DDC75B3A2EB345DB89CAEE6C642A7E1B" 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_F140F31D09773028BA55EE6C642A1807" 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_StatementLineItems_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_NetIncomeLoss_F140F31D09773028BA55EE6C642A1807" 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_B2AE2DD0C229BB8F2D44EE6C642A0885" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_B2AE2DD0C229BB8F2D44EE6C642A0885" 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_5697FA820F117E4B29D4EE6C642AC23C" 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_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_5697FA820F117E4B29D4EE6C642AC23C" 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_EB680C290D13464665C3EE6C642AB3D8" 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_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_EarningsPerShareBasicAbstract_EB680C290D13464665C3EE6C642AB3D8" 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_D24A41CF0E2E945BD38AEE6C642AC3F5" 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_EB680C290D13464665C3EE6C642AB3D8" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_D24A41CF0E2E945BD38AEE6C642AC3F5" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_GainOnSaleOfRealEstatePerBasicShare" xlink:label="loc_frt_GainOnSaleOfRealEstatePerBasicShare_17D564090DBC61DEC6C5EE6C642AB5FF" 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_EB680C290D13464665C3EE6C642AB3D8" xlink:to="loc_frt_GainOnSaleOfRealEstatePerBasicShare_17D564090DBC61DEC6C5EE6C642AB5FF" 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_984070BF2134BA5DD156EE6C642AA222" 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_EarningsPerShareBasicAbstract_EB680C290D13464665C3EE6C642AB3D8" xlink:to="loc_us-gaap_EarningsPerShareBasic_984070BF2134BA5DD156EE6C642AA222" 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_595036582D0A37164617EE6C642AED16" 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_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_595036582D0A37164617EE6C642AED16" 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_3DB15D5158042A177749EE6C642AE6C4" 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_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_EarningsPerShareDilutedAbstract_3DB15D5158042A177749EE6C642AE6C4" 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_CB07CEB586A0ED9AABF3EE6C642A35D0" 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_3DB15D5158042A177749EE6C642AE6C4" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_CB07CEB586A0ED9AABF3EE6C642A35D0" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_GainOnSaleOfRealEstatePerDilutedShare" xlink:label="loc_frt_GainOnSaleOfRealEstatePerDilutedShare_EC093240A570200DFAFDEE6C642A3852" 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_3DB15D5158042A177749EE6C642AE6C4" xlink:to="loc_frt_GainOnSaleOfRealEstatePerDilutedShare_EC093240A570200DFAFDEE6C642A3852" 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_7C5769B1E6CC38110DA7EE6C642AC654" 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_EarningsPerShareDilutedAbstract_3DB15D5158042A177749EE6C642AE6C4" xlink:to="loc_us-gaap_EarningsPerShareDiluted_7C5769B1E6CC38110DA7EE6C642AC654" 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_A2ED388C4C37F8CC341AEE6C642A93CA" 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_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_A2ED388C4C37F8CC341AEE6C642A93CA" 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_BB259C742664438572FFEE6C642A75CC" 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_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_BB259C742664438572FFEE6C642A75CC" 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_5F13722D58F403106E8FEE6C642ACCE9" 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_8A78C872953432C3CB4DEE6C642A1339" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_5F13722D58F403106E8FEE6C642ACCE9" 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_FA4D6380580917536CF1EE75A1AADF62" 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_CD59CDCE752CACF3AD4AEE75A1AA3EB6" 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_FA4D6380580917536CF1EE75A1AADF62" xlink:to="loc_us-gaap_DebtDisclosureTextBlock_CD59CDCE752CACF3AD4AEE75A1AA3EB6" 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_765723D6744E6186DC9B12647C945A8C" 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_BBC3C42043B1501D7E4312647C9435CF" 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_765723D6744E6186DC9B12647C945A8C" xlink:to="loc_us-gaap_DebtInstrumentTable_BBC3C42043B1501D7E4312647C9435CF" 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_F63989D6CAED11D9993A12647C949583" 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_DebtInstrumentTable_BBC3C42043B1501D7E4312647C9435CF" xlink:to="loc_us-gaap_FinancingAxis_F63989D6CAED11D9993A12647C949583" 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_5C445AFFD5A822808C5A12647C94EF95" 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_F63989D6CAED11D9993A12647C949583" xlink:to="loc_us-gaap_FinancingDomain_5C445AFFD5A822808C5A12647C94EF95" 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_F9C743CF5FEC9CFD3EE812647C94962B" 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_5C445AFFD5A822808C5A12647C94EF95" xlink:to="loc_us-gaap_IssuanceOfDebtMember_F9C743CF5FEC9CFD3EE812647C94962B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RepaymentOfDebtMember" xlink:label="loc_us-gaap_RepaymentOfDebtMember_9DA109F866A74321C6A812647C941A26" 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_FinancingDomain_5C445AFFD5A822808C5A12647C94EF95" xlink:to="loc_us-gaap_RepaymentOfDebtMember_9DA109F866A74321C6A812647C941A26" 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_1C3D77E68D12115A321212647C945394" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_BBC3C42043B1501D7E4312647C9435CF" xlink:to="loc_us-gaap_DebtInstrumentAxis_1C3D77E68D12115A321212647C945394" 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_FFCAEDA124E64EA5E35D12647C94C452" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_1C3D77E68D12115A321212647C945394" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_FFCAEDA124E64EA5E35D12647C94C452" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_WhiteMarshPlazaMember" xlink:label="loc_frt_WhiteMarshPlazaMember_6FEA9DA43AEE2667CCE012647C94572D" 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_FFCAEDA124E64EA5E35D12647C94C452" xlink:to="loc_frt_WhiteMarshPlazaMember_6FEA9DA43AEE2667CCE012647C94572D" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_CrowCanyonMember" xlink:label="loc_frt_CrowCanyonMember_DD9F9A6C8298AC36767412647C94B477" 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_DebtInstrumentNameDomain_FFCAEDA124E64EA5E35D12647C94C452" xlink:to="loc_frt_CrowCanyonMember_DD9F9A6C8298AC36767412647C94B477" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_Senior275PercentnotesMemberMember" xlink:label="loc_frt_Senior275PercentnotesMemberMember_F059F96FC0B9E04891FA12647C94BCAE" 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_DebtInstrumentNameDomain_FFCAEDA124E64EA5E35D12647C94C452" xlink:to="loc_frt_Senior275PercentnotesMemberMember_F059F96FC0B9E04891FA12647C94BCAE" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_Senior540PercentNotesMember" xlink:label="loc_frt_Senior540PercentNotesMember_6952BA11B6D81E9CE74312647C94C35F" 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_DebtInstrumentNameDomain_FFCAEDA124E64EA5E35D12647C94C452" xlink:to="loc_frt_Senior540PercentNotesMember_6952BA11B6D81E9CE74312647C94C35F" 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_9EE0C911EFE10D7229E512647C94F2B5" 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_DebtInstrumentTable_BBC3C42043B1501D7E4312647C9435CF" xlink:to="loc_us-gaap_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" 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_B0D90D2664C3E2BA2F4612647C940665" 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_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_us-gaap_SeniorNotes_B0D90D2664C3E2BA2F4612647C940665" 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_748B1A779CDDAB10034212647C94B709" 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_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_748B1A779CDDAB10034212647C94B709" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:label="loc_us-gaap_RepaymentsOfSecuredDebt_8D43F07A7CEC3738E2BC12647C9415CB" 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_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_us-gaap_RepaymentsOfSecuredDebt_8D43F07A7CEC3738E2BC12647C9415CB" 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_224C09180A7C380649AA12647C948763" 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_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_224C09180A7C380649AA12647C948763" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_BasisPointsSpread" xlink:label="loc_frt_BasisPointsSpread_0A25E9646F21352A840912647C94DE5E" 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_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_frt_BasisPointsSpread_0A25E9646F21352A840912647C94DE5E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod_42890BADC9B6CDF1D87312647C945938" 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_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod_42890BADC9B6CDF1D87312647C945938" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityAverageOutstandingAmount" xlink:label="loc_us-gaap_LineOfCreditFacilityAverageOutstandingAmount_D03F37FB6C2E2B48F56812647C948904" 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_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_us-gaap_LineOfCreditFacilityAverageOutstandingAmount_D03F37FB6C2E2B48F56812647C948904" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_LineofcreditfacilityweightedaverageinterestratebeforeamortizationofdebtFees" xlink:label="loc_frt_LineofcreditfacilityweightedaverageinterestratebeforeamortizationofdebtFees_6ED7570D99C1C25D0F5A12647C94EDB3" 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_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_frt_LineofcreditfacilityweightedaverageinterestratebeforeamortizationofdebtFees_6ED7570D99C1C25D0F5A12647C94EDB3" 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_C2E998805AE8AE6F76801267933006C6" 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_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_us-gaap_LineOfCreditFacilityAmountOutstanding_C2E998805AE8AE6F76801267933006C6" 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_40790DF1D247CF50D87F12647C94F418" 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_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_40790DF1D247CF50D87F12647C94F418" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarlyRepaymentOfSeniorDebt" xlink:label="loc_us-gaap_EarlyRepaymentOfSeniorDebt_BDCADBD06BCF277B85E812647C94B5AD" 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_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_us-gaap_EarlyRepaymentOfSeniorDebt_BDCADBD06BCF277B85E812647C94B5AD" 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_6D6A16D07DC7212A551412647C94DEAD" 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_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_6D6A16D07DC7212A551412647C94DEAD" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_PrepaymentPremiumOnSeniorNote" xlink:label="loc_frt_PrepaymentPremiumOnSeniorNote_CC5B091E04E601A80CFE12647C940407" 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_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_frt_PrepaymentPremiumOnSeniorNote_CC5B091E04E601A80CFE12647C940407" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestPaid" xlink:label="loc_us-gaap_InterestPaid_97D9F6833AF1DC9DE7A912647C94D199" 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_DebtInstrumentLineItems_9EE0C911EFE10D7229E512647C94F2B5" xlink:to="loc_us-gaap_InterestPaid_97D9F6833AF1DC9DE7A912647C94D199" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/DebtTables" 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_D029F3648293E8A5ECBBEE75A1AADAE9" xlink:type="locator" />
    <loc xlink:href="frt-20130630.xsd#frt_ScheduleOfDebtRepaymentsTableTextBlock" xlink:label="loc_frt_ScheduleOfDebtRepaymentsTableTextBlock_C79B3D327244E46B85F3EE75A1AAF461" 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_D029F3648293E8A5ECBBEE75A1AADAE9" xlink:to="loc_frt_ScheduleOfDebtRepaymentsTableTextBlock_C79B3D327244E46B85F3EE75A1AAF461" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/DocumentAndEntityInformationDocument" xlink:type="extended">
    <loc xlink:href="frt-20130630.xsd#frt_DocumentAndEntityInformationAbstract" xlink:label="loc_frt_DocumentAndEntityInformationAbstract_7C7A87B2CF197D1D3BCCC2B6CC3C6C25" xlink:type="locator" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntitiesTable" xlink:label="loc_dei_EntitiesTable_B1C76EB3D2B8D8A46027C2B6CC3CABD7" 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_7C7A87B2CF197D1D3BCCC2B6CC3C6C25" xlink:to="loc_dei_EntitiesTable_B1C76EB3D2B8D8A46027C2B6CC3CABD7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_23D06DA1223434B93580C2B6CC3CD9A1" 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_B1C76EB3D2B8D8A46027C2B6CC3CABD7" xlink:to="loc_dei_LegalEntityAxis_23D06DA1223434B93580C2B6CC3CD9A1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_298A6BA8A3B527A474B9C2B6CC3C9358" 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_23D06DA1223434B93580C2B6CC3CD9A1" xlink:to="loc_dei_EntityDomain_298A6BA8A3B527A474B9C2B6CC3C9358" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityInformationLineItems" xlink:label="loc_dei_EntityInformationLineItems_C5E042E70A55B975D15BC2B6CC3CBBC2" 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_B1C76EB3D2B8D8A46027C2B6CC3CABD7" xlink:to="loc_dei_EntityInformationLineItems_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_1D08A63C475CAE432658C2B6CC3C697D" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_EntityRegistrantName_1D08A63C475CAE432658C2B6CC3C697D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_C913C34E419047F3C75DC2B6CC3C1D64" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_EntityCentralIndexKey_C913C34E419047F3C75DC2B6CC3C1D64" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_dei_CurrentFiscalYearEndDate_0B9C3FD18F24326A6738C2B6CC3CD2E6" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_CurrentFiscalYearEndDate_0B9C3FD18F24326A6738C2B6CC3CD2E6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityFilerCategory" xlink:label="loc_dei_EntityFilerCategory_FB98F3D499B9284B65DBC2B6CC3C1959" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_EntityFilerCategory_FB98F3D499B9284B65DBC2B6CC3C1959" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType_5E5D4A4407FA9D3212DBC2B6CC3C7BA1" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_DocumentType_5E5D4A4407FA9D3212DBC2B6CC3C7BA1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate_88026111DE56C74B59E4C2B6CC3CCD0C" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_DocumentPeriodEndDate_88026111DE56C74B59E4C2B6CC3CCD0C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus_771E8025DAC733CE8BF8C2B6CC3C6084" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_DocumentFiscalYearFocus_771E8025DAC733CE8BF8C2B6CC3C6084" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_dei_DocumentFiscalPeriodFocus_564687D737046FE394B6C2B6CC3C3E24" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_DocumentFiscalPeriodFocus_564687D737046FE394B6C2B6CC3C3E24" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag_795B0A09FF2AD5AAD775C2B6CC3CD3CD" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_AmendmentFlag_795B0A09FF2AD5AAD775C2B6CC3CD3CD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_TradingSymbol" xlink:label="loc_dei_TradingSymbol_74DF55568984B4E7732AC2B6CC3CC61F" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_TradingSymbol_74DF55568984B4E7732AC2B6CC3CC61F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_2E5B43092065884367C7C2B6CC3C4A58" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_2E5B43092065884367C7C2B6CC3C4A58" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_dei_EntityWellKnownSeasonedIssuer_D5E53C9FBCBA2CFA7FA6C2B6CC3C31C7" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_EntityWellKnownSeasonedIssuer_D5E53C9FBCBA2CFA7FA6C2B6CC3C31C7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_dei_EntityVoluntaryFilers_09A304B800BE97DB70ABC2B6CC3CEC41" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_EntityVoluntaryFilers_09A304B800BE97DB70ABC2B6CC3CEC41" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_dei_EntityCurrentReportingStatus_1995A9FC81A39B1CA3BCC2B6CC3CB298" 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_C5E042E70A55B975D15BC2B6CC3CBBC2" xlink:to="loc_dei_EntityCurrentReportingStatus_1995A9FC81A39B1CA3BCC2B6CC3CB298" 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_AC52C447461E152A8F17C2B6CC4C2691" 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_BAEB0803A73C92115A46C2B6CC4C7C1F" 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_AC52C447461E152A8F17C2B6CC4C2691" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_BAEB0803A73C92115A46C2B6CC4C7C1F" 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_11F28198E7E6ADA19230F868B7904394" xlink:type="locator" />
    <loc xlink:href="frt-20130630.xsd#frt_EarningsPerShareNarrativeTable" xlink:label="loc_frt_EarningsPerShareNarrativeTable_7F3E033262E344EDED8FF868B7907CEF" 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_11F28198E7E6ADA19230F868B7904394" xlink:to="loc_frt_EarningsPerShareNarrativeTable_7F3E033262E344EDED8FF868B7907CEF" 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_6B1AD2D54CF864449214F868B790AD73" 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_EarningsPerShareNarrativeTable_7F3E033262E344EDED8FF868B7907CEF" xlink:to="loc_us-gaap_StatementClassOfStockAxis_6B1AD2D54CF864449214F868B790AD73" 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_44027B836053833C37D9F868B7903B39" 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_6B1AD2D54CF864449214F868B790AD73" xlink:to="loc_us-gaap_ClassOfStockDomain_44027B836053833C37D9F868B7903B39" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_A5417Series1CumulativeConvertiblePreferredMember" xlink:label="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_C0E6BAFED21035A051A5F868B7909B28" 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_44027B836053833C37D9F868B7903B39" xlink:to="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_C0E6BAFED21035A051A5F868B7909B28" 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_961B5E5C64FB3D310942F868B790BFC0" 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_EarningsPerShareNarrativeTable_7F3E033262E344EDED8FF868B7907CEF" xlink:to="loc_us-gaap_RangeAxis_961B5E5C64FB3D310942F868B790BFC0" 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_4C22CD7C01CF50AC5B47F868B7909F7A" 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_RangeAxis_961B5E5C64FB3D310942F868B790BFC0" xlink:to="loc_us-gaap_RangeMember_4C22CD7C01CF50AC5B47F868B7909F7A" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_EarningsPerShareNarrativeLineItems" xlink:label="loc_frt_EarningsPerShareNarrativeLineItems_8DF3AD61031DA3392980F868B790FF3B" 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_EarningsPerShareNarrativeTable_7F3E033262E344EDED8FF868B7907CEF" xlink:to="loc_frt_EarningsPerShareNarrativeLineItems_8DF3AD61031DA3392980F868B790FF3B" xlink:type="arc" />
    <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_A63EC0D35958BF69B25CF868B790AD45" 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_EarningsPerShareNarrativeLineItems_8DF3AD61031DA3392980F868B790FF3B" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_A63EC0D35958BF69B25CF868B790AD45" 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_59938B452693065F9929F868B79038C6" 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_EarningsPerShareNarrativeLineItems_8DF3AD61031DA3392980F868B790FF3B" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_59938B452693065F9929F868B79038C6" 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_BB6C3BA7EC54F4F4434CF868B79000B3" 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_frt_EarningsPerShareNarrativeLineItems_8DF3AD61031DA3392980F868B790FF3B" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_BB6C3BA7EC54F4F4434CF868B79000B3" 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_4C9A358F97FB80019043F807E1A30677" 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_FB1E8C7CAF03C862FAD4F807E1A33297" 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_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_StatementTable_FB1E8C7CAF03C862FAD4F807E1A33297" 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_BBBC1EEF57E165A2A5CCF807E1A3AC19" 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_FB1E8C7CAF03C862FAD4F807E1A33297" xlink:to="loc_us-gaap_StatementClassOfStockAxis_BBBC1EEF57E165A2A5CCF807E1A3AC19" 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_1390D40C2A9402152D2AF807E1A3B1A5" 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_BBBC1EEF57E165A2A5CCF807E1A3AC19" xlink:to="loc_us-gaap_ClassOfStockDomain_1390D40C2A9402152D2AF807E1A3B1A5" 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_C505ED726C3ACC21547DF807E1A3707B" 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_FB1E8C7CAF03C862FAD4F807E1A33297" xlink:to="loc_us-gaap_StatementLineItems_C505ED726C3ACC21547DF807E1A3707B" 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_C681F01F38280BD75D2AF807E1A373E2" 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_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_C681F01F38280BD75D2AF807E1A373E2" 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_379E7804270D79764917F807E1A33C38" 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_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_379E7804270D79764917F807E1A33C38" 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_7D0937658A06963C95E8F807E1A35A4B" 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_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity_7D0937658A06963C95E8F807E1A35A4B" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_EarningsAllocatedToUnvestedShares" xlink:label="loc_frt_EarningsAllocatedToUnvestedShares_6B632705AF8A16848DFDF807E1A31FA7" 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_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_frt_EarningsAllocatedToUnvestedShares_6B632705AF8A16848DFDF807E1A31FA7" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders" xlink:label="loc_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_6B3DBFA2F1829E604395F807E1A3E736" 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_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_6B3DBFA2F1829E604395F807E1A3E736" 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_3BD28AB8AFC040E6B373F80C006D4EE3" 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_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes_3BD28AB8AFC040E6B373F80C006D4EE3" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted" xlink:label="loc_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_7DE5C76C8B851F03CB6CF807E1A34973" 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_EarningsPerShareAbstract_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_7DE5C76C8B851F03CB6CF807E1A34973" 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_0CFA1BD349E81FCCF1BDF807E1A39AE7" 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_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_0CFA1BD349E81FCCF1BDF807E1A39AE7" 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_57939374B8869AD76CF2F807E1A3708A" 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_EarningsPerShareAbstract_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_57939374B8869AD76CF2F807E1A3708A" 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_039D2D0FD1236D36DC02F807E1A3C054" 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_EarningsPerShareAbstract_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_039D2D0FD1236D36DC02F807E1A3C054" 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_4109BFC0B1BB182BC5E3F807E1A3D011" 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_EarningsPerShareAbstract_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_4109BFC0B1BB182BC5E3F807E1A3D011" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_GainOnSaleOfRealEstatePerBasicShare" xlink:label="loc_frt_GainOnSaleOfRealEstatePerBasicShare_DB317A76FC3A97461D78F807E1A30B25" 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_EarningsPerShareAbstract_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_frt_GainOnSaleOfRealEstatePerBasicShare_DB317A76FC3A97461D78F807E1A30B25" 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_9C0C3649989A9EEDC011F807E1A31172" xlink:type="locator" />
    <presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_EarningsPerShareBasic_9C0C3649989A9EEDC011F807E1A31172" 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_A424E1D01762B07E4C2AF807E1A32E67" 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_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_A424E1D01762B07E4C2AF807E1A32E67" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_GainOnSaleOfRealEstatePerDilutedShare" xlink:label="loc_frt_GainOnSaleOfRealEstatePerDilutedShare_D7967BF4008AB0924E0CF807E1A3BFAE" 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_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_frt_GainOnSaleOfRealEstatePerDilutedShare_D7967BF4008AB0924E0CF807E1A3BFAE" 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_9A61A94B1AAA3DBF270AF807E1A396AC" 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_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_EarningsPerShareDiluted_9A61A94B1AAA3DBF270AF807E1A396AC" 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_3ECE7E333066FC300E2BF807E1A30B65" xlink:type="locator" />
    <presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_4C9A358F97FB80019043F807E1A30677" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperations_3ECE7E333066FC300E2BF807E1A30B65" 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_43D6CF04F1F1B9BA26F7C2B6CC8A4575" 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_A9D9BFDED2EAFAAA77C9C2B6CC8AB2E3" 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_43D6CF04F1F1B9BA26F7C2B6CC8A4575" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_A9D9BFDED2EAFAAA77C9C2B6CC8AB2E3" 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_086C834C910F7A5CFF3AC2B6CC2D1048" 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_A4850A38579A3ECF4793C2B6CC2DC705" 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_086C834C910F7A5CFF3AC2B6CC2D1048" xlink:to="loc_us-gaap_FairValueDisclosuresTextBlock_A4850A38579A3ECF4793C2B6CC2DC705" 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_707F1F4B0302B38CD6243B15F468932A" 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_F1968D492D9B4CA362823B15F468CE9C" 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_707F1F4B0302B38CD6243B15F468932A" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTable_F1968D492D9B4CA362823B15F468CE9C" 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_E84CBDD3174AF8CBBC893B15F4689F41" 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_F1968D492D9B4CA362823B15F468CE9C" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_E84CBDD3174AF8CBBC893B15F4689F41" 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_F8BD4431BD0325F155553B15F4686E6D" 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_E84CBDD3174AF8CBBC893B15F4689F41" xlink:to="loc_us-gaap_EquityComponentDomain_F8BD4431BD0325F155553B15F4686E6D" 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_050C55C868D0A2AF886D3B15F468000E" 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_F8BD4431BD0325F155553B15F4686E6D" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_050C55C868D0A2AF886D3B15F468000E" 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_6AFF6B02BC4BC2013C353B15F46859D9" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_F1968D492D9B4CA362823B15F468CE9C" xlink:to="loc_us-gaap_DerivativeByNatureAxis_6AFF6B02BC4BC2013C353B15F46859D9" 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_924D2AC482BC8698470D3B15F4681527" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeByNatureAxis_6AFF6B02BC4BC2013C353B15F46859D9" xlink:to="loc_us-gaap_DerivativeNameDomain_924D2AC482BC8698470D3B15F4681527" 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_65D990753CBF4276589C3B15F4685AA9" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeNameDomain_924D2AC482BC8698470D3B15F4681527" xlink:to="loc_us-gaap_InterestRateSwapMember_65D990753CBF4276589C3B15F4685AA9" 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_187DEC608406AC1BB01C3B15F4683294" xlink:type="locator" />
    <presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_F1968D492D9B4CA362823B15F468CE9C" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_187DEC608406AC1BB01C3B15F4683294" 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_23F4F3CB82FB4870E2A53B15F46899E1" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_187DEC608406AC1BB01C3B15F4683294" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_23F4F3CB82FB4870E2A53B15F46899E1" 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_D87473496E7DFCB3E8663B15F46854E7" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_23F4F3CB82FB4870E2A53B15F46899E1" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_D87473496E7DFCB3E8663B15F46854E7" 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_5BD9A947794B1A2BC1B53B15F468FA00" xlink:type="locator" />
    <presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_F1968D492D9B4CA362823B15F468CE9C" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_5BD9A947794B1A2BC1B53B15F468FA00" 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_AEE6415D1760519AB7E93B15F4687ED6" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_5BD9A947794B1A2BC1B53B15F468FA00" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_AEE6415D1760519AB7E93B15F4687ED6" 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_76530DD6AC445074A0E63B15F4685D43" 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_AEE6415D1760519AB7E93B15F4687ED6" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_76530DD6AC445074A0E63B15F4685D43" 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_FBD79F9C4CFC62B879F23B15F46816A7" xlink:type="locator" />
    <presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_F1968D492D9B4CA362823B15F468CE9C" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis_FBD79F9C4CFC62B879F23B15F46816A7" 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_EC8C259CD74DD82F21573B15F468CCE1" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis_FBD79F9C4CFC62B879F23B15F46816A7" xlink:to="loc_us-gaap_FairValueDisclosureItemAmountsDomain_EC8C259CD74DD82F21573B15F468CCE1" 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_15D2DC53AC528E1A0B6C3B15F468D4D5" 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_EC8C259CD74DD82F21573B15F468CCE1" xlink:to="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_15D2DC53AC528E1A0B6C3B15F468D4D5" 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_7885C8E37160CD0E64153B15F468D39C" 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_EC8C259CD74DD82F21573B15F468CCE1" xlink:to="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_7885C8E37160CD0E64153B15F468D39C" 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_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:type="locator" />
    <presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_F1968D492D9B4CA362823B15F468CE9C" xlink:to="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_MortgagesAndNotesPayable" xlink:label="loc_frt_MortgagesAndNotesPayable_E5DA0776417A79C665AE3B15F46853F0" 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_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:to="loc_frt_MortgagesAndNotesPayable_E5DA0776417A79C665AE3B15F46853F0" 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_D4EA54A04B5E660C0BAF3B15F46829B3" 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_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:to="loc_us-gaap_SeniorNotes_D4EA54A04B5E660C0BAF3B15F46829B3" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_MortgagesAndNotesPayableFairValueDisclosure" xlink:label="loc_frt_MortgagesAndNotesPayableFairValueDisclosure_B842FBF3862440F3C3203B15F4683EC1" 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_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:to="loc_frt_MortgagesAndNotesPayableFairValueDisclosure_B842FBF3862440F3C3203B15F4683EC1" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_SeniorNotesAndDebenturesFairValueDisclosure" xlink:label="loc_frt_SeniorNotesAndDebenturesFairValueDisclosure_A1174171C2693289F4653B15F468CAAB" 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_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:to="loc_frt_SeniorNotesAndDebenturesFairValueDisclosure_A1174171C2693289F4653B15F468CAAB" 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_48E411F738D49E44FCE03B15F4680DD7" 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_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:to="loc_us-gaap_NumberOfInterestRateDerivativesHeld_48E411F738D49E44FCE03B15F4680DD7" 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_F1EC240BA5BBFF4FB8013B15F46829BD" 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_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:to="loc_us-gaap_NotionalAmountOfInterestRateCashFlowHedgeDerivatives_F1EC240BA5BBFF4FB8013B15F46829BD" 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_E217C5509185A982E5833B15F468E821" 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_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:to="loc_us-gaap_DerivativeFixedInterestRate_E217C5509185A982E5833B15F468E821" 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_E1B0DEFEC3FF8D99E3213B15F46868E4" 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_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:to="loc_us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet_E1B0DEFEC3FF8D99E3213B15F46868E4" 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_7A418FB5DC87BCA541D83B15F4688F67" 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_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_7A418FB5DC87BCA541D83B15F4688F67" 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_BBA89112A5B801837D163B15F468E030" 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_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:to="loc_us-gaap_CashFlowHedgeLossReclassifiedToInterestExpense_BBA89112A5B801837D163B15F468E030" 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_7D4F2888F16BF10EEC463B15F468885C" 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_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_0D7EC8AB2DEF6BF522173B15F468D2F0" xlink:to="loc_us-gaap_DerivativeFinancialInstrumentsLiabilitiesFairValueDisclosure_7D4F2888F16BF10EEC463B15F468885C" 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_437D1AC1E4CDD4109547C2B6CC1D5333" xlink:type="locator" />
    <loc xlink:href="frt-20130630.xsd#frt_ScheduleOfCarryingAmountAndFairValueOfFinancialInstrumentsTableTextBlock" xlink:label="loc_frt_ScheduleOfCarryingAmountAndFairValueOfFinancialInstrumentsTableTextBlock_2AD6E6F613DDAFA648A7C2B6CC1DF7EF" 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_437D1AC1E4CDD4109547C2B6CC1D5333" xlink:to="loc_frt_ScheduleOfCarryingAmountAndFairValueOfFinancialInstrumentsTableTextBlock_2AD6E6F613DDAFA648A7C2B6CC1DF7EF" 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_646CAECB4213FE72D712C2B6CC1D2395" 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_437D1AC1E4CDD4109547C2B6CC1D5333" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_646CAECB4213FE72D712C2B6CC1D2395" 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_RealEstateAbstract" xlink:label="loc_us-gaap_RealEstateAbstract_2328EA6870185A9F8559EE8A7F9B57B3" xlink:type="locator" />
    <loc xlink:href="frt-20130630.xsd#frt_RealEstateAcquisitionsDispositionsDiscontinuedOperationsTextBlock" xlink:label="loc_frt_RealEstateAcquisitionsDispositionsDiscontinuedOperationsTextBlock_29DC4040CBEFCCF23F40EE8AEE83F59A" 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_RealEstateAbstract_2328EA6870185A9F8559EE8A7F9B57B3" xlink:to="loc_frt_RealEstateAcquisitionsDispositionsDiscontinuedOperationsTextBlock_29DC4040CBEFCCF23F40EE8AEE83F59A" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/RealEstateDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="loc_us-gaap_RealEstateAbstract_EACC4CEEE8993030930AF36F6C0DB9AA" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable" xlink:label="loc_us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable_CDC524A8A9B11A95A047F36F6C0DEB67" 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_RealEstateAbstract_EACC4CEEE8993030930AF36F6C0DB9AA" xlink:to="loc_us-gaap_ScheduleOfSignificantAcquisitionsAndDisposalsTable_CDC524A8A9B11A95A047F36F6C0DEB67" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_EBDFD0B759CE205A5455F36F6C0DE91D" 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_ScheduleOfSignificantAcquisitionsAndDisposalsTable_CDC524A8A9B11A95A047F36F6C0DEB67" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_EBDFD0B759CE205A5455F36F6C0DE91D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_035EE9A9DB5F5F3F04A9F36F6C0D63BB" 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_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_EBDFD0B759CE205A5455F36F6C0DE91D" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_035EE9A9DB5F5F3F04A9F36F6C0D63BB" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_DarienMember" xlink:label="loc_frt_DarienMember_42F8597CC0B6A768F128F36F6C0D0FD8" 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_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_035EE9A9DB5F5F3F04A9F36F6C0D63BB" xlink:to="loc_frt_DarienMember_42F8597CC0B6A768F128F36F6C0D0FD8" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_ShirlingtonMember" xlink:label="loc_frt_ShirlingtonMember_639417D5A52817CC8E90F36F6C0D555E" 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_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_035EE9A9DB5F5F3F04A9F36F6C0D63BB" xlink:to="loc_frt_ShirlingtonMember_639417D5A52817CC8E90F36F6C0D555E" 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_918979DD245355DAF981F36F6C0D374A" 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_ScheduleOfSignificantAcquisitionsAndDisposalsTable_CDC524A8A9B11A95A047F36F6C0DEB67" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_918979DD245355DAF981F36F6C0D374A" 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_08A03765CA9A204D5396F36F6C0D4B7A" 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_918979DD245355DAF981F36F6C0D374A" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_08A03765CA9A204D5396F36F6C0D4B7A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:label="loc_us-gaap_SignificantAcquisitionsAndDisposalsLineItems_71CB8E752FC63487973FF36F6C0D89C0" 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_ScheduleOfSignificantAcquisitionsAndDisposalsTable_CDC524A8A9B11A95A047F36F6C0DEB67" xlink:to="loc_us-gaap_SignificantAcquisitionsAndDisposalsLineItems_71CB8E752FC63487973FF36F6C0D89C0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AreaOfRealEstateProperty" xlink:label="loc_us-gaap_AreaOfRealEstateProperty_3A06943276F983A33A0FF36F6C0D6A23" 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_SignificantAcquisitionsAndDisposalsLineItems_71CB8E752FC63487973FF36F6C0D89C0" xlink:to="loc_us-gaap_AreaOfRealEstateProperty_3A06943276F983A33A0FF36F6C0D6A23" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_BusinessAcquisitionPurchasePrice" xlink:label="loc_frt_BusinessAcquisitionPurchasePrice_4FB9C474FF5137C8B278F36F6C0D895B" 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_SignificantAcquisitionsAndDisposalsLineItems_71CB8E752FC63487973FF36F6C0D89C0" xlink:to="loc_frt_BusinessAcquisitionPurchasePrice_4FB9C474FF5137C8B278F36F6C0D895B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_BusinessCombinationAcquisitionRelatedCosts" xlink:label="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_71F7CBA0AFF6CBBA96DEF36F6C0DD70D" 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_SignificantAcquisitionsAndDisposalsLineItems_71CB8E752FC63487973FF36F6C0D89C0" xlink:to="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_71F7CBA0AFF6CBBA96DEF36F6C0DD70D" 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_84CF723D4F40C751A11EF36F6C0D14FC" 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_SignificantAcquisitionsAndDisposalsLineItems_71CB8E752FC63487973FF36F6C0D89C0" xlink:to="loc_us-gaap_SalesOfRealEstate_84CF723D4F40C751A11EF36F6C0D14FC" 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_A2E69864CFBC84B3E093F36F6C0DCC5A" 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_SignificantAcquisitionsAndDisposalsLineItems_71CB8E752FC63487973FF36F6C0D89C0" xlink:to="loc_us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax_A2E69864CFBC84B3E093F36F6C0DCC5A" 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_8AEC6314D475B3DDAC7CF36F6C0DAF1C" 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_SignificantAcquisitionsAndDisposalsLineItems_71CB8E752FC63487973FF36F6C0D89C0" xlink:to="loc_us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes_8AEC6314D475B3DDAC7CF36F6C0DAF1C" 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_A1684CAC9DD97FCEC425C2B6CC8AB773" 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_063A43281BE0DD597A65C2B6CC8A6775" 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_A1684CAC9DD97FCEC425C2B6CC8AB773" xlink:to="loc_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_063A43281BE0DD597A65C2B6CC8A6775" 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_85D741168B324CE2D284C2B6CC5BD50A" 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_C06E7C8D98F1765D1F51C2B6CC5BB809" 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_85D741168B324CE2D284C2B6CC5BD50A" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_C06E7C8D98F1765D1F51C2B6CC5BB809" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_11AE29837387AEEB9693C2B6CC5B0D93" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_C06E7C8D98F1765D1F51C2B6CC5BB809" xlink:to="loc_dei_LegalEntityAxis_11AE29837387AEEB9693C2B6CC5B0D93" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_6EF41A82A585FB81FDB5C2B6CC5BEC36" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_11AE29837387AEEB9693C2B6CC5B0D93" xlink:to="loc_dei_EntityDomain_6EF41A82A585FB81FDB5C2B6CC5BEC36" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_FederalRealtyInvestmentTrustMember" xlink:label="loc_frt_FederalRealtyInvestmentTrustMember_7ACA734D5D027ABDD7CAC2B6CC5BA2BC" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_6EF41A82A585FB81FDB5C2B6CC5BEC36" xlink:to="loc_frt_FederalRealtyInvestmentTrustMember_7ACA734D5D027ABDD7CAC2B6CC5BA2BC" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_ClarionMember" xlink:label="loc_frt_ClarionMember_288A1CA56F18CD5455EFC2B6CC5B2527" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_6EF41A82A585FB81FDB5C2B6CC5BEC36" xlink:to="loc_frt_ClarionMember_288A1CA56F18CD5455EFC2B6CC5B2527" 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_91DCEDF6D943370E712EC2B6CC5B7D65" 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_C06E7C8D98F1765D1F51C2B6CC5BB809" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_91DCEDF6D943370E712EC2B6CC5B7D65" 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_0DFF156A5233A4E1DB9DC2B6CC5B7F68" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_91DCEDF6D943370E712EC2B6CC5B7D65" xlink:to="loc_us-gaap_EquityMethodInvesteeNameDomain_0DFF156A5233A4E1DB9DC2B6CC5B7F68" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_FederalLionVentureLpMember" xlink:label="loc_frt_FederalLionVentureLpMember_EE522D64E4878A3D8C47C2B6CC5BF214" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvesteeNameDomain_0DFF156A5233A4E1DB9DC2B6CC5B7F68" xlink:to="loc_frt_FederalLionVentureLpMember_EE522D64E4878A3D8C47C2B6CC5BF214" 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_7DC4793D976E9BC700F9C2B6CC5BFB61" 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_C06E7C8D98F1765D1F51C2B6CC5BB809" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_7DC4793D976E9BC700F9C2B6CC5BFB61" 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_5852E00FA696661424FEC2B6CC5B6BBF" 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_7DC4793D976E9BC700F9C2B6CC5BFB61" xlink:to="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_5852E00FA696661424FEC2B6CC5B6BBF" 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_2464048F360BC3EDE8B6C2B6CC5B1C8E" 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_ScheduleOfEquityMethodInvestmentsLineItems_7DC4793D976E9BC700F9C2B6CC5BFB61" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_2464048F360BC3EDE8B6C2B6CC5B1C8E" 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_541B22F3482125965221C2B6CC6BBD86" 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_B6BE6ECCEA696E27C8ECC2B6CC6B51E7" 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_541B22F3482125965221C2B6CC6BBD86" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_B6BE6ECCEA696E27C8ECC2B6CC6B51E7" 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_DD19870C48989DB821A7C2B6CC6BB9F1" 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_B6BE6ECCEA696E27C8ECC2B6CC6B51E7" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_DD19870C48989DB821A7C2B6CC6BB9F1" 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_A77013434E1978DF45A1C2B6CC6BA7F2" 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_DD19870C48989DB821A7C2B6CC6BB9F1" xlink:to="loc_us-gaap_EquityMethodInvesteeNameDomain_A77013434E1978DF45A1C2B6CC6BA7F2" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_FederalLionVentureLpMember" xlink:label="loc_frt_FederalLionVentureLpMember_70C372FDFA44B4DA1F82C2B6CC6B4CC5" 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_A77013434E1978DF45A1C2B6CC6BA7F2" xlink:to="loc_frt_FederalLionVentureLpMember_70C372FDFA44B4DA1F82C2B6CC6B4CC5" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_RealEstatePartnershipsOperatingResultsLineItems" xlink:label="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_3825481CE50AAF9C8A28C2B6CC6B2657" 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_B6BE6ECCEA696E27C8ECC2B6CC6B51E7" xlink:to="loc_frt_RealEstatePartnershipsOperatingResultsLineItems_3825481CE50AAF9C8A28C2B6CC6B2657" 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_ABAE929E8FAEF4915A9AC2B6CC6B7C00" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_Revenues_ABAE929E8FAEF4915A9AC2B6CC6B7C00" 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_FF62862394BC04EC1328C2B6CC6BF36F" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_OtherExpenses_FF62862394BC04EC1328C2B6CC6BF36F" 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_B37341307EB2B1EB1E11C2B6CC6B8F1C" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_DepreciationAndAmortization_B37341307EB2B1EB1E11C2B6CC6B8F1C" 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_09455521DD25834ED460C2B6CC6BCF20" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_InterestExpense_09455521DD25834ED460C2B6CC6BCF20" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_TotalExpenses" xlink:label="loc_frt_TotalExpenses_10D7CF47C7BB737B80DFC2B6CC6B27EC" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_frt_TotalExpenses_10D7CF47C7BB737B80DFC2B6CC6B27EC" 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_B7E657A3A868B557CCF1C2B6CC6BBF35" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_ProfitLoss_B7E657A3A868B557CCF1C2B6CC6BBF35" 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_06AA665BA170C16CEF5CC2B6CC6BE803" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_06AA665BA170C16CEF5CC2B6CC6BE803" 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_04C3C0217F057630A627C2B6CC6BEE2C" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_04C3C0217F057630A627C2B6CC6BEE2C" 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_D855D124A2C982A747EAC2B6CC6BFE4E" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_D855D124A2C982A747EAC2B6CC6BFE4E" 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_9C72247944AD9E527BC3C2B6CC6B2B27" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_OtherAssets_9C72247944AD9E527BC3C2B6CC6B2B27" 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_680BBBE6DB0A708BD3D1C2B6CC6BA7B6" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_Assets_680BBBE6DB0A708BD3D1C2B6CC6BA7B6" 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_0BE05DBB52005F1EA02FC2B6CC6B8183" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_SecuredDebt_0BE05DBB52005F1EA02FC2B6CC6B8183" 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_65B13BC7B84B3194AC4BC2B6CC6B4DCE" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_OtherLiabilities_65B13BC7B84B3194AC4BC2B6CC6B4DCE" 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_479A125DEB87FE69A4A0C2B6CC6BE326" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_PartnersCapital_479A125DEB87FE69A4A0C2B6CC6BE326" 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_A5A53BC9CAE4AB3B15B2C2B6CC6B8556" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_A5A53BC9CAE4AB3B15B2C2B6CC6B8556" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_ShareOfUnconsolidatedDebt" xlink:label="loc_frt_ShareOfUnconsolidatedDebt_73ADC01C0EA7197FC0DBC2B6CC6B8EB3" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_frt_ShareOfUnconsolidatedDebt_73ADC01C0EA7197FC0DBC2B6CC6B8EB3" 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_D4344EC75BB3A4A321F6C2B6CC6BDE10" 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_3825481CE50AAF9C8A28C2B6CC6B2657" xlink:to="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_D4344EC75BB3A4A321F6C2B6CC6BDE10" 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_8C65F4C91E1E78A416DEC2B6CC3C72CF" xlink:type="locator" />
    <loc xlink:href="frt-20130630.xsd#frt_ScheduleOfBalanceSheetsAndOperatingResultsOfUnconsolidatedJointVenturesTableTextBlock" xlink:label="loc_frt_ScheduleOfBalanceSheetsAndOperatingResultsOfUnconsolidatedJointVenturesTableTextBlock_38EB308C6E7DE1D6469AC2B6CC3C90F6" 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_8C65F4C91E1E78A416DEC2B6CC3C72CF" xlink:to="loc_frt_ScheduleOfBalanceSheetsAndOperatingResultsOfUnconsolidatedJointVenturesTableTextBlock_38EB308C6E7DE1D6469AC2B6CC3C90F6" 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_03F48ABBB0F0021A0E3DC2B6CC1D8561" 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_8E49307038D04C1E888BC2B6CC1D41C2" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_03F48ABBB0F0021A0E3DC2B6CC1D8561" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_8E49307038D04C1E888BC2B6CC1D41C2" 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_44C8115BB71DF1BC27DDC2B6CC1D9C7D" 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_8E49307038D04C1E888BC2B6CC1D41C2" xlink:to="loc_us-gaap_AwardTypeAxis_44C8115BB71DF1BC27DDC2B6CC1D9C7D" 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_B2F6673B36635F51A282C2B6CC1DF4F7" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_44C8115BB71DF1BC27DDC2B6CC1D9C7D" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_B2F6673B36635F51A282C2B6CC1DF4F7" 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_1D8B8CD9F4FFE0BF90F8C2B6CC1DD786" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_B2F6673B36635F51A282C2B6CC1DF4F7" xlink:to="loc_us-gaap_RestrictedStockMember_1D8B8CD9F4FFE0BF90F8C2B6CC1DD786" 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_4A8B4032951E66E020ABC2B6CC1D3B53" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_B2F6673B36635F51A282C2B6CC1DF4F7" xlink:to="loc_us-gaap_StockOptionsMember_4A8B4032951E66E020ABC2B6CC1D3B53" 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_7E2458D0E5603BA0366FC2B6CC1DAAC9" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_8E49307038D04C1E888BC2B6CC1D41C2" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_7E2458D0E5603BA0366FC2B6CC1DAAC9" 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_B361923E1E83B93C20D8C2B6CC1D5C85" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_7E2458D0E5603BA0366FC2B6CC1DAAC9" xlink:to="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_B361923E1E83B93C20D8C2B6CC1D5C85" 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_3BAF6DC37B1D98F4FB7FC2B6CC1D66D7" 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_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_B361923E1E83B93C20D8C2B6CC1D5C85" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_3BAF6DC37B1D98F4FB7FC2B6CC1D66D7" 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_F3FE5FD893D1B5B961B2C2B6CC1DC44A" 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_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_B361923E1E83B93C20D8C2B6CC1D5C85" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_F3FE5FD893D1B5B961B2C2B6CC1DC44A" 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_E0E1A00FF7F2B4C9CB96C2B6CC1DEE71" 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_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_B361923E1E83B93C20D8C2B6CC1D5C85" xlink:to="loc_us-gaap_ShareBasedCompensation_E0E1A00FF7F2B4C9CB96C2B6CC1DEE71" 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_59275C20CE8388F93744C2B6CC6B4D94" 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_16F5AA986403DE637AF5C2B6CC6B5E86" 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_59275C20CE8388F93744C2B6CC6B4D94" xlink:to="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_16F5AA986403DE637AF5C2B6CC6B5E86" 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_42C49650DBDD55D07ABEC2B6CC3C5D4B" 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_26559240661B5E29D194C2B6CC3C0927" 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_42C49650DBDD55D07ABEC2B6CC3C5D4B" xlink:to="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_26559240661B5E29D194C2B6CC3C0927" 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_B55EB986BC9475443E24C2B6CBFE3D9F" 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_734B2AE568129DCFD0A2C2B6CBFEDF85" 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_B55EB986BC9475443E24C2B6CBFE3D9F" xlink:to="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_734B2AE568129DCFD0A2C2B6CBFEDF85" 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_4E192FB0C0062F408D09F36CA3B88727" xlink:type="locator" />
    <loc xlink:href="frt-20130630.xsd#frt_StockholdersEquityTable" xlink:label="loc_frt_StockholdersEquityTable_834D6D14754CD106B4EFF36CA3C25149" 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_4E192FB0C0062F408D09F36CA3B88727" xlink:to="loc_frt_StockholdersEquityTable_834D6D14754CD106B4EFF36CA3C25149" 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_9AD9163D05CDA5E6B15DF36CA43018B2" 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_834D6D14754CD106B4EFF36CA3C25149" xlink:to="loc_us-gaap_RangeAxis_9AD9163D05CDA5E6B15DF36CA43018B2" 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_0D4784F41DAAAE125E92F36CA7469152" 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_RangeAxis_9AD9163D05CDA5E6B15DF36CA43018B2" xlink:to="loc_us-gaap_RangeMember_0D4784F41DAAAE125E92F36CA7469152" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_LessThanMember" xlink:label="loc_frt_LessThanMember_4B93EBF9C90C29EBBB9DF36CC58F7137" 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_RangeMember_0D4784F41DAAAE125E92F36CA7469152" xlink:to="loc_frt_LessThanMember_4B93EBF9C90C29EBBB9DF36CC58F7137" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_StockIssuanceCostsByTypeAxis" xlink:label="loc_frt_StockIssuanceCostsByTypeAxis_53951E9F3946FBC71BCEF36CA3C263C0" 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_834D6D14754CD106B4EFF36CA3C25149" xlink:to="loc_frt_StockIssuanceCostsByTypeAxis_53951E9F3946FBC71BCEF36CA3C263C0" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_StockIssuanceCostsByTypeDomain" xlink:label="loc_frt_StockIssuanceCostsByTypeDomain_75F7C3058B6A270E54C8F36CA3C21579" 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_StockIssuanceCostsByTypeAxis_53951E9F3946FBC71BCEF36CA3C263C0" xlink:to="loc_frt_StockIssuanceCostsByTypeDomain_75F7C3058B6A270E54C8F36CA3C21579" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_CommissionsMember" xlink:label="loc_frt_CommissionsMember_AE5AB53B62068393C7F5F36CA3C2DCE1" 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_StockIssuanceCostsByTypeDomain_75F7C3058B6A270E54C8F36CA3C21579" xlink:to="loc_frt_CommissionsMember_AE5AB53B62068393C7F5F36CA3C2DCE1" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_OtherOfferingCostsMember" xlink:label="loc_frt_OtherOfferingCostsMember_20C0101372E5D42A657BF36CA3C2F012" 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_StockIssuanceCostsByTypeDomain_75F7C3058B6A270E54C8F36CA3C21579" xlink:to="loc_frt_OtherOfferingCostsMember_20C0101372E5D42A657BF36CA3C2F012" 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_A6ACD40F91E841ABECCCF36CA3C2E393" 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_834D6D14754CD106B4EFF36CA3C25149" xlink:to="loc_us-gaap_StatementClassOfStockAxis_A6ACD40F91E841ABECCCF36CA3C2E393" 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_C323BE33E00AAC4C7F7AF36CA3C295E3" 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_A6ACD40F91E841ABECCCF36CA3C2E393" xlink:to="loc_us-gaap_ClassOfStockDomain_C323BE33E00AAC4C7F7AF36CA3C295E3" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_A5417Series1CumulativeConvertiblePreferredMember" xlink:label="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_4644BB90D28D1816AF38F36CA3C2892E" 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_C323BE33E00AAC4C7F7AF36CA3C295E3" xlink:to="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_4644BB90D28D1816AF38F36CA3C2892E" 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_9E79901EA6591784AF6EF36CA3C2E7C5" 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_ClassOfStockDomain_C323BE33E00AAC4C7F7AF36CA3C295E3" xlink:to="loc_us-gaap_CommonStockMember_9E79901EA6591784AF6EF36CA3C2E7C5" 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_6948D491DD328E7C7283F36CA3C23653" 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_834D6D14754CD106B4EFF36CA3C25149" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_6948D491DD328E7C7283F36CA3C23653" 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_91CCC364AE0C3EEEF775F36CA3C2237B" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_6948D491DD328E7C7283F36CA3C23653" xlink:to="loc_us-gaap_EquityComponentDomain_91CCC364AE0C3EEEF775F36CA3C2237B" xlink:type="arc" />
    <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_91CCC364AE0C3EEEF775F36CA3C2237B" xlink:to="loc_us-gaap_CommonStockMember_9E79901EA6591784AF6EF36CA3C2E7C5" 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_781677F42E5B14C2F694F36CA3C24A98" 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_StockholdersEquityTable_834D6D14754CD106B4EFF36CA3C25149" xlink:to="loc_us-gaap_SubsidiarySaleOfStockAxis_781677F42E5B14C2F694F36CA3C24A98" 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_5C06610E9934CADD9838F36CA3C2105A" 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_781677F42E5B14C2F694F36CA3C24A98" xlink:to="loc_us-gaap_SaleOfStockNameOfTransactionDomain_5C06610E9934CADD9838F36CA3C2105A" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_AtMarketEquityProgramMember" xlink:label="loc_frt_AtMarketEquityProgramMember_F0C2847F23522C768A99F36CA3C2D7FD" 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_5C06610E9934CADD9838F36CA3C2105A" xlink:to="loc_frt_AtMarketEquityProgramMember_F0C2847F23522C768A99F36CA3C2D7FD" 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_ED0011DECC5E14307744F36CA3C2A26B" 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_StockholdersEquityTable_834D6D14754CD106B4EFF36CA3C25149" xlink:to="loc_us-gaap_StatementLineItems_ED0011DECC5E14307744F36CA3C2A26B" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_AggregateOfferingPriceOfCommonShare" xlink:label="loc_frt_AggregateOfferingPriceOfCommonShare_23574F0D04EF95AFD71BF36CA3C21656" 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_ED0011DECC5E14307744F36CA3C2A26B" xlink:to="loc_frt_AggregateOfferingPriceOfCommonShare_23574F0D04EF95AFD71BF36CA3C21656" 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_09C02250FA9CC6B06E28F36CA3C2D13F" 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_ED0011DECC5E14307744F36CA3C2A26B" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_09C02250FA9CC6B06E28F36CA3C2D13F" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_WeightedAveragePricePerCommonShare" xlink:label="loc_frt_WeightedAveragePricePerCommonShare_FDA99D6EE14DCF7CEAEAF36CA3C2599C" 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_ED0011DECC5E14307744F36CA3C2A26B" xlink:to="loc_frt_WeightedAveragePricePerCommonShare_FDA99D6EE14DCF7CEAEAF36CA3C2599C" 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_D99FC9FD5424BEBA92D1F36CA3C26505" 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_ED0011DECC5E14307744F36CA3C2A26B" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_D99FC9FD5424BEBA92D1F36CA3C26505" 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_32FFFBF1FE2C101BB7B0F36CA3C2E4E7" 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_ED0011DECC5E14307744F36CA3C2A26B" xlink:to="loc_us-gaap_PaymentsOfStockIssuanceCosts_32FFFBF1FE2C101BB7B0F36CA3C2E4E7" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_RemainingCapacityToIssue" xlink:label="loc_frt_RemainingCapacityToIssue_2F86DB38EDD62464EEDCF36CA3C26765" 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_ED0011DECC5E14307744F36CA3C2A26B" xlink:to="loc_frt_RemainingCapacityToIssue_2F86DB38EDD62464EEDCF36CA3C26765" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ShareholdersEquityShareholdersEquitySummaryOfDividendsDetails" xlink:type="extended">
    <loc xlink:href="frt-20130630.xsd#frt_EquityDividendsDeclaredAndPaidAbstract" xlink:label="loc_frt_EquityDividendsDeclaredAndPaidAbstract_F225C88C07DAAAADDF54F30C991ACBEA" xlink:type="locator" />
    <loc xlink:href="frt-20130630.xsd#frt_DividendsTable" xlink:label="loc_frt_DividendsTable_5D79CFADF993DF90A571F30C991AA4D8" 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_EquityDividendsDeclaredAndPaidAbstract_F225C88C07DAAAADDF54F30C991ACBEA" xlink:to="loc_frt_DividendsTable_5D79CFADF993DF90A571F30C991AA4D8" 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_D3A4D9A091AFAE056B22F30C991AF8A6" 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_DividendsTable_5D79CFADF993DF90A571F30C991AA4D8" xlink:to="loc_us-gaap_StatementClassOfStockAxis_D3A4D9A091AFAE056B22F30C991AF8A6" 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_4354C0540AF1D8260D28F30C991AF700" 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_D3A4D9A091AFAE056B22F30C991AF8A6" xlink:to="loc_us-gaap_ClassOfStockDomain_4354C0540AF1D8260D28F30C991AF700" 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_24056718A44D4CE7F93DF30C991A9905" 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_4354C0540AF1D8260D28F30C991AF700" xlink:to="loc_us-gaap_CommonStockMember_24056718A44D4CE7F93DF30C991A9905" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_A5417Series1CumulativeConvertiblePreferredMember" xlink:label="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_A406BEB775FD9F7D878AF30C991A273A" 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_ClassOfStockDomain_4354C0540AF1D8260D28F30C991AF700" xlink:to="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_A406BEB775FD9F7D878AF30C991A273A" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_DividendsLineItems" xlink:label="loc_frt_DividendsLineItems_8860C111A4A97E0552C9F30C991A6C58" 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_DividendsTable_5D79CFADF993DF90A571F30C991AA4D8" xlink:to="loc_frt_DividendsLineItems_8860C111A4A97E0552C9F30C991A6C58" 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_45A1EDCED2C393400C79F30C991A9052" 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_DividendsLineItems_8860C111A4A97E0552C9F30C991A6C58" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_45A1EDCED2C393400C79F30C991A9052" 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_9102A35E051607023AB4F30C991A04C9" 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_DividendsLineItems_8860C111A4A97E0552C9F30C991A6C58" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_9102A35E051607023AB4F30C991A04C9" 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_4C21FE670699EDB7A741F30C991AA76D" 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_DividendsLineItems_8860C111A4A97E0552C9F30C991A6C58" xlink:to="loc_us-gaap_CommonStockDividendsPerShareCashPaid_4C21FE670699EDB7A741F30C991AA76D" 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_D8B27555A180565021CAF30C991AE746" 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_DividendsLineItems_8860C111A4A97E0552C9F30C991A6C58" xlink:to="loc_us-gaap_PreferredStockDividendsPerShareDeclared_D8B27555A180565021CAF30C991AE746" 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_52C7BCAAFA05CDA8469CF30C991A98A5" 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_DividendsLineItems_8860C111A4A97E0552C9F30C991A6C58" xlink:to="loc_us-gaap_PreferredStockDividendsPerShareCashPaid_52C7BCAAFA05CDA8469CF30C991A98A5" 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_47C4A3DB3458064100DAC2B6CC0D0EBB" xlink:type="locator" />
    <loc xlink:href="frt-20130630.xsd#frt_ScheduleOfDividendsDeclaredAndPaidPerShareTableTextBlock" xlink:label="loc_frt_ScheduleOfDividendsDeclaredAndPaidPerShareTableTextBlock_41CE824C1B9FB8127747C2B6CC0DA909" 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_47C4A3DB3458064100DAC2B6CC0D0EBB" xlink:to="loc_frt_ScheduleOfDividendsDeclaredAndPaidPerShareTableTextBlock_41CE824C1B9FB8127747C2B6CC0DA909" 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_5D40463D8FCF7CBFA44FC2B6CC8AF170" 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_687E5E08C6CDFA82A429C2B6CC8A6FA4" 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_5D40463D8FCF7CBFA44FC2B6CC8AF170" xlink:to="loc_us-gaap_SubsequentEventsTextBlock_687E5E08C6CDFA82A429C2B6CC8A6FA4" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SubsequentEventsDetails" xlink:type="extended">
    <loc xlink:href="frt-20130630.xsd#frt_SubsequentEventAbstract" xlink:label="loc_frt_SubsequentEventAbstract_4701F2B8E5DD9CA0FB252B25C867A488" 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_C801F43A873A433E40BF2B2AC2616DA5" 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_SubsequentEventAbstract_4701F2B8E5DD9CA0FB252B25C867A488" xlink:to="loc_us-gaap_SubsequentEventTable_C801F43A873A433E40BF2B2AC2616DA5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_FF54B00B10DF919AC5B62B2AFB11CFC0" 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_C801F43A873A433E40BF2B2AC2616DA5" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_FF54B00B10DF919AC5B62B2AFB11CFC0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_4DC7F007E0264FEC37C72B2AFC29113B" 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_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_FF54B00B10DF919AC5B62B2AFB11CFC0" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_4DC7F007E0264FEC37C72B2AFC29113B" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_FifthAvenueMember" xlink:label="loc_frt_FifthAvenueMember_22473F44D8571FE4230A2B2B2506917A" 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_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_4DC7F007E0264FEC37C72B2AFC29113B" xlink:to="loc_frt_FifthAvenueMember_22473F44D8571FE4230A2B2B2506917A" 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_6829D5190B74B23D84F92B2AC261DAA8" 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_C801F43A873A433E40BF2B2AC2616DA5" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_6829D5190B74B23D84F92B2AC261DAA8" 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_EC47C29BFA32D4B92BB62B2AC261B85B" 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_6829D5190B74B23D84F92B2AC261DAA8" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_EC47C29BFA32D4B92BB62B2AC261B85B" 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_D157EDC920256A15B2DF2B2AC26B5CFD" 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_C801F43A873A433E40BF2B2AC2616DA5" xlink:to="loc_us-gaap_SubsequentEventLineItems_D157EDC920256A15B2DF2B2AC26B5CFD" 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_10BE4D63AF14AAE9C5C72B2B4ECAD747" 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_D157EDC920256A15B2DF2B2AC26B5CFD" xlink:to="loc_us-gaap_SalesOfRealEstate_10BE4D63AF14AAE9C5C72B2B4ECAD747" 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_ADA7B1AB86852808A8182B40854AC12D" 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_D157EDC920256A15B2DF2B2AC26B5CFD" xlink:to="loc_us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax_ADA7B1AB86852808A8182B40854AC12D" xlink:type="arc" />
  </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_88DBD8EF2A067C9F20F1C2B6CC1DCF03" 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_335A35AEA3FBFC6BDB34C2B6CC1D58D1" 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_88DBD8EF2A067C9F20F1C2B6CC1DCF03" xlink:to="loc_us-gaap_SignificantAccountingPoliciesTextBlock_335A35AEA3FBFC6BDB34C2B6CC1D58D1" 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_6E596A2DEF8F557911FAD331471F40B4" 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_2C1C397D039444A553DFD331471F3580" 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_6E596A2DEF8F557911FAD331471F40B4" xlink:to="loc_us-gaap_InterestCostsIncurred_2C1C397D039444A553DFD331471F3580" 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_08B8E7D204D18DB40322D331471F6E12" 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_6E596A2DEF8F557911FAD331471F40B4" xlink:to="loc_us-gaap_InterestCostsCapitalized_08B8E7D204D18DB40322D331471F6E12" 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_D1B07B2D243C56BA52E9D331471F654E" 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_6E596A2DEF8F557911FAD331471F40B4" xlink:to="loc_us-gaap_InterestExpense_D1B07B2D243C56BA52E9D331471F654E" 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_60FD57D2594855C5C91FD331471FEC10" 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_6E596A2DEF8F557911FAD331471F40B4" xlink:to="loc_us-gaap_InterestPaidNet_60FD57D2594855C5C91FD331471FEC10" 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_946E9C166337AE9E60A2D331471F49AC" 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_6E596A2DEF8F557911FAD331471F40B4" xlink:to="loc_us-gaap_IncomeTaxesPaidNet_946E9C166337AE9E60A2D331471F49AC" xlink:type="arc" />
    <loc xlink:href="frt-20130630.xsd#frt_DividendsReinvestedInNoncashFinancingTransaction" xlink:label="loc_frt_DividendsReinvestedInNoncashFinancingTransaction_31AA7C4E637FC87982CDD331471F69DD" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_6E596A2DEF8F557911FAD331471F40B4" xlink:to="loc_frt_DividendsReinvestedInNoncashFinancingTransaction_31AA7C4E637FC87982CDD331471F69DD" 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_12C7FBA525BDDE06DB22C2B6CC3CAB0E" 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_D52109B171AA296D0027C2B6CC3C50D2" 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_12C7FBA525BDDE06DB22C2B6CC3CAB0E" xlink:to="loc_us-gaap_ConsolidationPolicyTextBlock_D52109B171AA296D0027C2B6CC3C50D2" 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_BD09812C598E5C5BAAF0C2B6CC3CB3AB" 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_12C7FBA525BDDE06DB22C2B6CC3CAB0E" xlink:to="loc_us-gaap_UseOfEstimates_BD09812C598E5C5BAAF0C2B6CC3CB3AB" 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_AB57510746B10CEC977AC2B6CC7BF15E" xlink:type="locator" />
    <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_6968C0B5C99E1A60744FC2B6CC7B9D03" 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_AB57510746B10CEC977AC2B6CC7BF15E" xlink:to="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_6968C0B5C99E1A60744FC2B6CC7B9D03" xlink:type="arc" />
  </presentationLink>
</linkbase>
