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    <link:label id="lab_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_DC38F5C8FF7E7BF25503F5626DEC6235_label_en-US" xlink:label="lab_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_DC38F5C8FF7E7BF25503F5626DEC6235" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Investment Property, Accumulated Depreciation</link:label>
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    <link:label id="lab_us-gaap_RealEstateInvestmentPropertyNet_81D624BAF67BC0167824F5626DEC7499_label_en-US" xlink:label="lab_us-gaap_RealEstateInvestmentPropertyNet_81D624BAF67BC0167824F5626DEC7499" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Investment Property, Net</link:label>
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_AE7419485A84DBDC82E4F5626DECF70E_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_AE7419485A84DBDC82E4F5626DECF70E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_AE7419485A84DBDC82E4F5626DECF70E_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_AE7419485A84DBDC82E4F5626DECF70E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value</link:label>
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    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_F3FA020A956FAA6FCEC4F5626DEC9E4F_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_F3FA020A956FAA6FCEC4F5626DEC9E4F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage notes receivable, net</link:label>
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_F3FA020A956FAA6FCEC4F5626DEC9E4F_label_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_F3FA020A956FAA6FCEC4F5626DEC9E4F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loans on Real Estate, Commercial and Consumer, Net</link:label>
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    <link:label id="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_C3E35D95806B5E5406A3F5626DEC29EC_verboseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_C3E35D95806B5E5406A3F5626DEC29EC" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investment in real estate partnerships</link:label>
    <link:label id="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_C3E35D95806B5E5406A3F5626DEC29EC_label_en-US" xlink:label="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_C3E35D95806B5E5406A3F5626DEC29EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures</link:label>
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    <link:label id="lab_us-gaap_PrepaidExpenseAndOtherAssets_D39DEAC74920B516ECC6F5626DECB3C2_label_en-US" xlink:label="lab_us-gaap_PrepaidExpenseAndOtherAssets_D39DEAC74920B516ECC6F5626DECB3C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid Expense and Other Assets</link:label>
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    <link:label id="lab_us-gaap_DeferredFinanceCostsNet_4047DAE5B85B532AC47FF5626DEC7585_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredFinanceCostsNet_4047DAE5B85B532AC47FF5626DEC7585" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt issuance costs, net of accumulated amortization of $11,796 and $11,441, respectively</link:label>
    <link:label id="lab_us-gaap_DeferredFinanceCostsNet_4047DAE5B85B532AC47FF5626DEC7585_label_en-US" xlink:label="lab_us-gaap_DeferredFinanceCostsNet_4047DAE5B85B532AC47FF5626DEC7585" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Finance Costs, Net</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_7D415A5478178444A443FAA4B927B6A7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_EF66711916F7FB276884FAA4B92834AA_terseLabel_en-US" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_EF66711916F7FB276884FAA4B92834AA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_EF66711916F7FB276884FAA4B92834AA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RevenuesAbstract_11CC4AEC881A76005751FAA5817B9EF5_terseLabel_en-US" xlink:label="lab_us-gaap_RevenuesAbstract_11CC4AEC881A76005751FAA5817B9EF5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">REVENUE</link:label>
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    <link:label id="lab_frt_RevenueMortgageInterest_2A1A90BD41C50EF2C21BFAA5817C1FDC_terseLabel_en-US" xlink:label="lab_frt_RevenueMortgageInterest_2A1A90BD41C50EF2C21BFAA5817C1FDC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage interest income</link:label>
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    <link:label id="lab_us-gaap_OperatingExpensesAbstract_04C16087B52B3B14D617FAA5817CD958_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingExpensesAbstract_04C16087B52B3B14D617FAA5817CD958" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">EXPENSES</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_EffectiveInterestAcquisition_8B0C4CD30F939C21EDBBFEC28043D16F" xlink:to="lab_frt_EffectiveInterestAcquisition_8B0C4CD30F939C21EDBBFEC28043D16F" xlink:type="arc" />
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_B77D17168677259F14CFFEC28043A95F_terseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_B77D17168677259F14CFFEC28043A95F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage loans assumed with acquisition</link:label>
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    <link:label id="lab_frt_NumberofdownREITOperatingPartnershipUnitsIssuedinConnectionwithBusinessAcquisition_A093BE3BAB3EA4F1B4A7FEC28043232F_terseLabel_en-US" xlink:label="lab_frt_NumberofdownREITOperatingPartnershipUnitsIssuedinConnectionwithBusinessAcquisition_A093BE3BAB3EA4F1B4A7FEC28043232F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of downREIT operating partnership units assumed in acquisition</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesGross_92BD8D41BA56D8E17E16FEC280430859_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesGross_92BD8D41BA56D8E17E16FEC280430859" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash paid in acquisition</link:label>
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    <link:label id="lab_us-gaap_FinitelivedIntangibleAssetsAcquired1_1CBE6C9439D1CFC66354FEC280431C20_terseLabel_en-US" xlink:label="lab_us-gaap_FinitelivedIntangibleAssetsAcquired1_1CBE6C9439D1CFC66354FEC280431C20" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquired above market leases</link:label>
    <link:label id="lab_us-gaap_FinitelivedIntangibleAssetsAcquired1_1CBE6C9439D1CFC66354FEC280431C20_label_en-US" xlink:label="lab_us-gaap_FinitelivedIntangibleAssetsAcquired1_1CBE6C9439D1CFC66354FEC280431C20" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-lived Intangible Assets Acquired</link:label>
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    <link:label id="lab_us-gaap_BelowMarketLeaseAcquired_86FCA7BC8E933F217CA8FEC280433CAD_terseLabel_en-US" xlink:label="lab_us-gaap_BelowMarketLeaseAcquired_86FCA7BC8E933F217CA8FEC280433CAD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquired below market leases</link:label>
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    <link:label id="lab_us-gaap_BusinessCombinationConsiderationTransferred1_5CBE355A3D334B9B0FFDFEC280436EDE_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationConsiderationTransferred1_5CBE355A3D334B9B0FFDFEC280436EDE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase price</link:label>
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    <link:label id="lab_us-gaap_BusinessCombinationAcquisitionRelatedCosts_B9C5F558C6445232A770FEC28043B826_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationAcquisitionRelatedCosts_B9C5F558C6445232A770FEC28043B826" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current period acquisition costs</link:label>
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    <link:label id="lab_frt_PricetoAcquireNonControllingInterest_F548140D6023B3ECE63CFEC28043ABCC_terseLabel_en-US" xlink:label="lab_frt_PricetoAcquireNonControllingInterest_F548140D6023B3ECE63CFEC28043ABCC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Price to acquire non-controlling interest</link:label>
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    <link:label id="lab_us-gaap_SalesOfRealEstate_E790100B35D692AFF1DDFEC28043F8D9_terseLabel_en-US" xlink:label="lab_us-gaap_SalesOfRealEstate_E790100B35D692AFF1DDFEC28043F8D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale</link:label>
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    <link:label id="lab_us-gaap_RealEstateInvestmentPropertyNet_2C50D23C09A887D5BA2AFEC28044D725_netLabel_en-US" xlink:label="lab_us-gaap_RealEstateInvestmentPropertyNet_2C50D23C09A887D5BA2AFEC28044D725" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Net real estate</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_92B751AB5E90CFB8026DC19EB8563DE2" xlink:type="locator" />
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    <link:label id="lab_frt_AdjustmentDepreciationAndAmortization_FFF324A4186F24EE6700C19EB8567867_terseLabel_en-US" xlink:label="lab_frt_AdjustmentDepreciationAndAmortization_FFF324A4186F24EE6700C19EB8567867" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:label id="lab_frt_AdjustmentDepreciationAndAmortization_FFF324A4186F24EE6700C19EB8567867_label_en-US" xlink:label="lab_frt_AdjustmentDepreciationAndAmortization_FFF324A4186F24EE6700C19EB8567867" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustment Depreciation And Amortization</link:label>
    <link:label id="lab_frt_AdjustmentDepreciationAndAmortization_FFF324A4186F24EE6700C19EB8567867_documentation_en-US" xlink:label="lab_frt_AdjustmentDepreciationAndAmortization_FFF324A4186F24EE6700C19EB8567867" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash flow addback for the non-cash expense of depreciation and amortization including depreciation and amortization related to discontinued operations.</link:label>
    <link:loc xlink:href="frt-20150630.xsd#frt_AdjustmentDepreciationAndAmortization" xlink:label="loc_frt_AdjustmentDepreciationAndAmortization_FFF324A4186F24EE6700C19EB8567867" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GainLossOnSaleOfProperties_E69569F45828742E0BEAC19EB8561F98_negatedLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfProperties_E69569F45828742E0BEAC19EB8561F98" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of real estate</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfProperties_E69569F45828742E0BEAC19EB8561F98_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfProperties_E69569F45828742E0BEAC19EB8561F98" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Properties</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainLossOnSaleOfProperties" xlink:label="loc_us-gaap_GainLossOnSaleOfProperties_E69569F45828742E0BEAC19EB8561F98" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_8B836896EAF7615A4BB7C19EB8566AAD_negatedLabel_en-US" xlink:label="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_8B836896EAF7615A4BB7C19EB8566AAD" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Early extinguishment of debt</link:label>
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    <link:label id="lab_us-gaap_IncomeLossFromEquityMethodInvestments_5469584C9F1AAE0FDFFCC19EB856C3E1_negatedLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromEquityMethodInvestments_5469584C9F1AAE0FDFFCC19EB856C3E1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income from real estate partnerships</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_5469584C9F1AAE0FDFFCC19EB856C3E1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherNoncashIncomeExpense_B90D4D037FF1E940D336C19EB8574EB8_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_B90D4D037FF1E940D336C19EB8574EB8" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
    <link:label id="lab_us-gaap_OtherNoncashIncomeExpense_B90D4D037FF1E940D336C19EB8574EB8_label_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_B90D4D037FF1E940D336C19EB8574EB8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Noncash Income (Expense)</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_0437463FA5E2FBCC3A27C19EB85799D2_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_0437463FA5E2FBCC3A27C19EB85799D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in assets and liabilities, net of effects of acquisitions and dispositions:</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_0437463FA5E2FBCC3A27C19EB85799D2_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_0437463FA5E2FBCC3A27C19EB85799D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Operating Capital [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_0437463FA5E2FBCC3A27C19EB85799D2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_50559251E4C4FDA5764EC19EB8571083_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_50559251E4C4FDA5764EC19EB8571083" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Accounts and Other Receivables</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_50559251E4C4FDA5764EC19EB8571083" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_91620857D0B0B588F742C19EB8572FEB_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_91620857D0B0B588F742C19EB8572FEB" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Decrease in prepaid expenses and other assets</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_91620857D0B0B588F742C19EB8572FEB_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_91620857D0B0B588F742C19EB8572FEB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Prepaid Expense and Other Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_91620857D0B0B588F742C19EB8572FEB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_B6A9DC79A439C000C9D0C19EB8574C03_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_B6A9DC79A439C000C9D0C19EB8574C03" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Accounts Payable and Accrued Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_B6A9DC79A439C000C9D0C19EB8574C03" xlink:type="locator" />
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    <link:label id="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_E4D838DEA90C1D758811C19EB857AFA9_terseLabel_en-US" xlink:label="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_E4D838DEA90C1D758811C19EB857AFA9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in security deposits and other liabilities</link:label>
    <link:label id="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_E4D838DEA90C1D758811C19EB857AFA9_label_en-US" xlink:label="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_E4D838DEA90C1D758811C19EB857AFA9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Security Deposits And Other Liabilities</link:label>
    <link:label id="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_E4D838DEA90C1D758811C19EB857AFA9_documentation_en-US" xlink:label="lab_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_E4D838DEA90C1D758811C19EB857AFA9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net change in Security Deposits And Other Liabilities which includes security deposits, deferred revenue and prepaid rent. Also includes liabilities not individually reported in the financial statements, or not separately disclosed in notes.</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_8AE9EBD55D0CB6DC1949C19EB8572B14_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_8AE9EBD55D0CB6DC1949C19EB8572B14" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireRealEstate_F6028FA021833C92C76CC19EB857C440_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireRealEstate_F6028FA021833C92C76CC19EB857C440" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of real estate</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_B236CD4CC6BCFAC8CCAFC19EB858AE19_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_B236CD4CC6BCFAC8CCAFC19EB858AE19" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in investing activities</link:label>
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    <link:label id="lab_frt_ProceedsFromRepaymentsOfCreditFacility_1AA014AB8D9061318EB5C19EB8580F6C_terseLabel_en-US" xlink:label="lab_frt_ProceedsFromRepaymentsOfCreditFacility_1AA014AB8D9061318EB5C19EB8580F6C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net borrowings under revolving credit facility, net of costs</link:label>
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    <link:label id="lab_frt_DividendsPaidToCommonAndPreferredShareholders_B23F14EF04EE2C9ED302C19EB8583C7E_negatedLabel_en-US" xlink:label="lab_frt_DividendsPaidToCommonAndPreferredShareholders_B23F14EF04EE2C9ED302C19EB8583C7E" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends paid to common and preferred shareholders</link:label>
    <link:label id="lab_frt_DividendsPaidToCommonAndPreferredShareholders_B23F14EF04EE2C9ED302C19EB8583C7E_label_en-US" xlink:label="lab_frt_DividendsPaidToCommonAndPreferredShareholders_B23F14EF04EE2C9ED302C19EB8583C7E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Paid To Common And Preferred Shareholders</link:label>
    <link:label id="lab_frt_DividendsPaidToCommonAndPreferredShareholders_B23F14EF04EE2C9ED302C19EB8583C7E_documentation_en-US" xlink:label="lab_frt_DividendsPaidToCommonAndPreferredShareholders_B23F14EF04EE2C9ED302C19EB8583C7E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow from distribution of an entity's earnings to common and preferred stockholders.</link:label>
    <link:loc xlink:href="frt-20150630.xsd#frt_DividendsPaidToCommonAndPreferredShareholders" xlink:label="loc_frt_DividendsPaidToCommonAndPreferredShareholders_B23F14EF04EE2C9ED302C19EB8583C7E" xlink:type="locator" />
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    <link:label id="lab_frt_Paymentsofdividendsandredemptionsminorityinterest_D96F7F974A19C0D961D3C19EB8584668_label_en-US" xlink:label="lab_frt_Paymentsofdividendsandredemptionsminorityinterest_D96F7F974A19C0D961D3C19EB8584668" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PaymentsOfDividendsAndRedemptionsMinorityInterest</link:label>
    <link:label id="lab_frt_Paymentsofdividendsandredemptionsminorityinterest_D96F7F974A19C0D961D3C19EB8584668_documentation_en-US" xlink:label="lab_frt_Paymentsofdividendsandredemptionsminorityinterest_D96F7F974A19C0D961D3C19EB8584668" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow for the return on capital for noncontrolled interest in the entity and cash outflow during the period for redemptions of noncontrolling interests.</link:label>
    <link:loc xlink:href="frt-20150630.xsd#frt_Paymentsofdividendsandredemptionsminorityinterest" xlink:label="loc_frt_Paymentsofdividendsandredemptionsminorityinterest_D96F7F974A19C0D961D3C19EB8584668" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_330012E37103A8FFD6B0C19EB8580EBB_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_330012E37103A8FFD6B0C19EB8580EBB" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) financing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_330012E37103A8FFD6B0C19EB8580EBB_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_330012E37103A8FFD6B0C19EB8580EBB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_330012E37103A8FFD6B0C19EB8580EBB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_16BAF55626F29B346623C19EB858328A_totalLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_16BAF55626F29B346623C19EB858328A" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Decrease in cash and cash equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_16BAF55626F29B346623C19EB858328A_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_16BAF55626F29B346623C19EB858328A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, Period Increase (Decrease)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_16BAF55626F29B346623C19EB858328A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_16BAF55626F29B346623C19EB858328A" xlink:to="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_16BAF55626F29B346623C19EB858328A" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_AF6BA31D38D2A9A04F21C19EB8584DF1_periodStartLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_AF6BA31D38D2A9A04F21C19EB8584DF1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents at beginning of year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_AF6BA31D38D2A9A04F21C19EB8584DF1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_0D7F83ACDF39D835BA89C19EB8586C6D_periodEndLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_0D7F83ACDF39D835BA89C19EB8586C6D" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents at end of period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_0D7F83ACDF39D835BA89C19EB8586C6D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_0D7F83ACDF39D835BA89C19EB8586C6D" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_0D7F83ACDF39D835BA89C19EB8586C6D" xlink:type="arc" />
    <link:label id="lab_us-gaap_NatureOfOperations_04307661DF6861ED5513D90E75DF86D8_terseLabel_en-US" xlink:label="lab_us-gaap_NatureOfOperations_04307661DF6861ED5513D90E75DF86D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">BUSINESS AND ORGANIZATION</link:label>
    <link:label id="lab_us-gaap_NatureOfOperations_04307661DF6861ED5513D90E75DF86D8_label_en-US" xlink:label="lab_us-gaap_NatureOfOperations_04307661DF6861ED5513D90E75DF86D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nature of Operations [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="loc_us-gaap_NatureOfOperations_04307661DF6861ED5513D90E75DF86D8" xlink:type="locator" />
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    <link:label id="lab_frt_ComponentsOfRentalIncomeAndExpenseAbstract_E7800F10262984CD9EF6AB92CB944FE0_label_en-US" xlink:label="lab_frt_ComponentsOfRentalIncomeAndExpenseAbstract_E7800F10262984CD9EF6AB92CB944FE0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components Of Rental Income and Expense [Abstract]</link:label>
    <link:label id="lab_frt_ComponentsOfRentalIncomeAndExpenseAbstract_E7800F10262984CD9EF6AB92CB944FE0_documentation_en-US" xlink:label="lab_frt_ComponentsOfRentalIncomeAndExpenseAbstract_E7800F10262984CD9EF6AB92CB944FE0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Components Of Rental Income And Expense [Abstract]</link:label>
    <link:loc xlink:href="frt-20150630.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_E7800F10262984CD9EF6AB92CB944FE0" xlink:type="locator" />
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    <link:label id="lab_frt_OperatingLeasesRevenueAndExpenseTextBlock_A5C148224F7CC7F1AEFAAB92CB94FB8E_verboseLabel_en-US" xlink:label="lab_frt_OperatingLeasesRevenueAndExpenseTextBlock_A5C148224F7CC7F1AEFAAB92CB94FB8E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">COMPONENTS OF RENTAL INCOME</link:label>
    <link:label id="lab_frt_OperatingLeasesRevenueAndExpenseTextBlock_A5C148224F7CC7F1AEFAAB92CB94FB8E_label_en-US" xlink:label="lab_frt_OperatingLeasesRevenueAndExpenseTextBlock_A5C148224F7CC7F1AEFAAB92CB94FB8E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases Revenue And Expense Text Block</link:label>
    <link:label id="lab_frt_OperatingLeasesRevenueAndExpenseTextBlock_A5C148224F7CC7F1AEFAAB92CB94FB8E_documentation_en-US" xlink:label="lab_frt_OperatingLeasesRevenueAndExpenseTextBlock_A5C148224F7CC7F1AEFAAB92CB94FB8E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The principal components of rental income and/or rental expense recognized for the period.</link:label>
    <link:loc xlink:href="frt-20150630.xsd#frt_OperatingLeasesRevenueAndExpenseTextBlock" xlink:label="loc_frt_OperatingLeasesRevenueAndExpenseTextBlock_A5C148224F7CC7F1AEFAAB92CB94FB8E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccountingPoliciesAbstract_4149B3AAF162AF10BA4E9C37D4DFCF01_label_en-US" xlink:label="lab_us-gaap_AccountingPoliciesAbstract_4149B3AAF162AF10BA4E9C37D4DFCF01" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_4149B3AAF162AF10BA4E9C37D4DFCF01" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_D9E875CD8AF4C84F78989C37D4DFAF1E_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_D9E875CD8AF4C84F78989C37D4DFAF1E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Supplemental Cash Flow Disclosures</link:label>
    <link:label id="lab_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_D9E875CD8AF4C84F78989C37D4DFAF1E_label_en-US" xlink:label="lab_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_D9E875CD8AF4C84F78989C37D4DFAF1E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_D9E875CD8AF4C84F78989C37D4DFAF1E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_D9E875CD8AF4C84F78989C37D4DFAF1E" xlink:to="lab_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_D9E875CD8AF4C84F78989C37D4DFAF1E" xlink:type="arc" />
    <link:label id="lab_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_66382A33537996C66FFEF5626DE28D4D_terseLabel_en-US" xlink:label="lab_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_66382A33537996C66FFEF5626DE28D4D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating (including $355,241 and $282,303 of consolidated variable interest entities, respectively)</link:label>
    <link:label id="lab_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_66382A33537996C66FFEF5626DE28D4D_label_en-US" xlink:label="lab_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_66382A33537996C66FFEF5626DE28D4D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Real Estate From Consolidated Variable Interest Entities</link:label>
    <link:label id="lab_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_66382A33537996C66FFEF5626DE28D4D_documentation_en-US" xlink:label="lab_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_66382A33537996C66FFEF5626DE28D4D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating real estate balances from variable interest entities, or VIEs, for the periods presented.</link:label>
    <link:loc xlink:href="frt-20150630.xsd#frt_OperatingRealEstateFromConsolidatedVariableInterestEntities" xlink:label="loc_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_66382A33537996C66FFEF5626DE28D4D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_66382A33537996C66FFEF5626DE28D4D" xlink:to="lab_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_66382A33537996C66FFEF5626DE28D4D" xlink:type="arc" />
    <link:label id="lab_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_2F60B574C98F83E7733BF5626DE2AC56_terseLabel_en-US" xlink:label="lab_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_2F60B574C98F83E7733BF5626DE2AC56" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less accumulated depreciation and amortization (including $30,099 and $26,618 of consolidated variable interest entities, respectively)</link:label>
    <link:label id="lab_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_2F60B574C98F83E7733BF5626DE2AC56_label_en-US" xlink:label="lab_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_2F60B574C98F83E7733BF5626DE2AC56" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated depreciation and amortization, consolidated variable interest entities</link:label>
    <link:label id="lab_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_2F60B574C98F83E7733BF5626DE2AC56_documentation_en-US" xlink:label="lab_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_2F60B574C98F83E7733BF5626DE2AC56" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accumulated depreciation and amortization related to real estate, Consolidated Variable Interest Entities.</link:label>
    <link:loc xlink:href="frt-20150630.xsd#frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities" xlink:label="loc_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_2F60B574C98F83E7733BF5626DE2AC56" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccumulatedAmortizationDeferredFinanceCosts_AB252D38A1D428A720B1F5626DE20FF6_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedAmortizationDeferredFinanceCosts_AB252D38A1D428A720B1F5626DE20FF6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt issuance costs, net of accumulated amortization of $11,796 and $11,441, respectively</link:label>
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    <link:label id="lab_us-gaap_PreferredStockLiquidationPreference_4C0E47756CBBB1020A53F5626DE2AD58_label_en-US" xlink:label="lab_us-gaap_PreferredStockLiquidationPreference_4C0E47756CBBB1020A53F5626DE2AD58" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Liquidation Preference Per Share</link:label>
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    <link:label id="lab_us-gaap_PreferredStockSharesIssued_AA0F1FBD17B16BF1D5B7F5626DE2515A_label_en-US" xlink:label="lab_us-gaap_PreferredStockSharesIssued_AA0F1FBD17B16BF1D5B7F5626DE2515A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Shares Issued</link:label>
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    <link:label id="lab_us-gaap_PreferredStockSharesOutstanding_07FA8D071FA785FB4D3FF5626DE2548E_label_en-US" xlink:label="lab_us-gaap_PreferredStockSharesOutstanding_07FA8D071FA785FB4D3FF5626DE2548E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Shares Outstanding</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_07FA8D071FA785FB4D3FF5626DE2548E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockSharesOutstanding_07FA8D071FA785FB4D3FF5626DE2548E" xlink:to="lab_us-gaap_PreferredStockSharesOutstanding_07FA8D071FA785FB4D3FF5626DE2548E" xlink:type="arc" />
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    <link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_685D05AE68ABD65065A1F5626DE24542_label_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare_685D05AE68ABD65065A1F5626DE24542" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Par or Stated Value Per Share</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_685D05AE68ABD65065A1F5626DE24542" xlink:type="locator" />
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    <link:label id="lab_frt_ShareBasedCompensationExpenseNetShares_C49D8E163C1BAC18337EF8FF82D9E5E7_terseLabel_en-US" xlink:label="lab_frt_ShareBasedCompensationExpenseNetShares_C49D8E163C1BAC18337EF8FF82D9E5E7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based compensation expense, net of forfeitures (in shares)</link:label>
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    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_D7B20057618F8E9CFDA3AB92CB78137B_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_D7B20057618F8E9CFDA3AB92CB78137B" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Capitalized share-based compensation</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensation_CC989216A5CAA3D6CE25AB92CB78D241_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_CC989216A5CAA3D6CE25AB92CB78D241" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based compensation expense</link:label>
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    <link:label id="lab_us-gaap_EarningsPerShareAbstract_0AB22B961C7BDEAFF296F55F956BC31F_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareAbstract_0AB22B961C7BDEAFF296F55F956BC31F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share [Abstract]</link:label>
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    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_5D29409A110F3786DB4EF55F956CCD95_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_5D29409A110F3786DB4EF55F956CCD95" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income</link:label>
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    <link:label id="lab_us-gaap_PreferredStockDividendsIncomeStatementImpact_877B62DCE3F599D57F43F55F956CD19A_negatedLabel_en-US" xlink:label="lab_us-gaap_PreferredStockDividendsIncomeStatementImpact_877B62DCE3F599D57F43F55F956CD19A" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Preferred share dividends</link:label>
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    <link:label id="lab_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_C8798D1D72A3ADB973C6F55F956C3AD2_totalLabel_en-US" xlink:label="lab_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_C8798D1D72A3ADB973C6F55F956C3AD2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income from continuing operations available for common shareholders</link:label>
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    <link:label id="lab_frt_GainLossonsaleofpropertiesrealestatepartnershippropertiesnetofapplicableincometaxes_112CB28968FAD4E7EEC9F55F956CC295_terseLabel_en-US" xlink:label="lab_frt_GainLossonsaleofpropertiesrealestatepartnershippropertiesnetofapplicableincometaxes_112CB28968FAD4E7EEC9F55F956CC295" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of real estate</link:label>
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    <link:label id="lab_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_4921F30703D3BB0C813EF55F956CC304_totalLabel_en-US" xlink:label="lab_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_4921F30703D3BB0C813EF55F956CC304" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net income available for common shareholders, basic and diluted</link:label>
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    <link:label id="lab_frt_ShareOfUnconsolidatedDebt_66092560EA704DC364C4E1F609036D54_terseLabel_en-US" xlink:label="lab_frt_ShareOfUnconsolidatedDebt_66092560EA704DC364C4E1F609036D54" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Our share of unconsolidated debt</link:label>
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    <link:loc xlink:href="frt-20150630.xsd#frt_ShareOfUnconsolidatedDebt" xlink:label="loc_frt_ShareOfUnconsolidatedDebt_66092560EA704DC364C4E1F609036D54" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_7C35F02C469BE20720A9E1F609039F92_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_7C35F02C469BE20720A9E1F609039F92" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Our investment in real estate partnership</link:label>
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    <link:label id="lab_frt_ClarionMember_C75873F11DAD71FA6C539E305A72EEAF_terseLabel_en-US" xlink:label="lab_frt_ClarionMember_C75873F11DAD71FA6C539E305A72EEAF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ING Clarion Partners</link:label>
    <link:label id="lab_frt_ClarionMember_C75873F11DAD71FA6C539E305A72EEAF_label_en-US" xlink:label="lab_frt_ClarionMember_C75873F11DAD71FA6C539E305A72EEAF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Clarion [Member]</link:label>
    <link:label id="lab_frt_ClarionMember_C75873F11DAD71FA6C539E305A72EEAF_documentation_en-US" xlink:label="lab_frt_ClarionMember_C75873F11DAD71FA6C539E305A72EEAF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Clarion [Member]</link:label>
    <link:loc xlink:href="frt-20150630.xsd#frt_ClarionMember" xlink:label="loc_frt_ClarionMember_C75873F11DAD71FA6C539E305A72EEAF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EquityMethodInvestmentOwnershipPercentage_2011C9A7BB5BE6A1E75E9E305A789839_terseLabel_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentOwnershipPercentage_2011C9A7BB5BE6A1E75E9E305A789839" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ownership interest in Partnership</link:label>
    <link:label id="lab_us-gaap_EquityMethodInvestmentOwnershipPercentage_2011C9A7BB5BE6A1E75E9E305A789839_label_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentOwnershipPercentage_2011C9A7BB5BE6A1E75E9E305A789839" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment, Ownership Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_2011C9A7BB5BE6A1E75E9E305A789839" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NumberOfRealEstateProperties_38EE198E09CBC38951D59E305A78AB12_verboseLabel_en-US" xlink:label="lab_us-gaap_NumberOfRealEstateProperties_38EE198E09CBC38951D59E305A78AB12" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of real estate properties owned by partnership</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:label="loc_us-gaap_NumberOfRealEstateProperties_38EE198E09CBC38951D59E305A78AB12" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SignificantAccountingPoliciesTextBlock_D5FEEED0D36D9EAEC8B8D90E765A4C4C_terseLabel_en-US" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock_D5FEEED0D36D9EAEC8B8D90E765A4C4C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</link:label>
    <link:label id="lab_us-gaap_SignificantAccountingPoliciesTextBlock_D5FEEED0D36D9EAEC8B8D90E765A4C4C_label_en-US" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock_D5FEEED0D36D9EAEC8B8D90E765A4C4C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_D5FEEED0D36D9EAEC8B8D90E765A4C4C" xlink:type="locator" />
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    <link:label id="lab_frt_ComponentsOfRentalIncomeTable_C0D63CFD1114E52B1937AB92CB8CB8E1_terseLabel_en-US" xlink:label="lab_frt_ComponentsOfRentalIncomeTable_C0D63CFD1114E52B1937AB92CB8CB8E1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Components of Rental Income [Table]</link:label>
    <link:label id="lab_frt_ComponentsOfRentalIncomeTable_C0D63CFD1114E52B1937AB92CB8CB8E1_label_en-US" xlink:label="lab_frt_ComponentsOfRentalIncomeTable_C0D63CFD1114E52B1937AB92CB8CB8E1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of Rental Income [Table]</link:label>
    <link:label id="lab_frt_ComponentsOfRentalIncomeTable_C0D63CFD1114E52B1937AB92CB8CB8E1_documentation_en-US" xlink:label="lab_frt_ComponentsOfRentalIncomeTable_C0D63CFD1114E52B1937AB92CB8CB8E1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Components of Rental Income [Table]</link:label>
    <link:loc xlink:href="frt-20150630.xsd#frt_ComponentsOfRentalIncomeTable" xlink:label="loc_frt_ComponentsOfRentalIncomeTable_C0D63CFD1114E52B1937AB92CB8CB8E1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProductOrServiceAxis_FB02F4232B2A0AE90BD4AB92CB8CD8CB_label_en-US" xlink:label="lab_us-gaap_ProductOrServiceAxis_FB02F4232B2A0AE90BD4AB92CB8CD8CB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Products and Services [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProductOrServiceAxis" xlink:label="loc_us-gaap_ProductOrServiceAxis_FB02F4232B2A0AE90BD4AB92CB8CD8CB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProductsAndServicesDomain_3AA3BEB38CF934052368AB92CB8C9E2C_label_en-US" xlink:label="lab_us-gaap_ProductsAndServicesDomain_3AA3BEB38CF934052368AB92CB8C9E2C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Products and Services [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProductsAndServicesDomain" xlink:label="loc_us-gaap_ProductsAndServicesDomain_3AA3BEB38CF934052368AB92CB8C9E2C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CommercialRealEstateMember_A2F81DA56A5F59D1510BAB92CB8D7B70_terseLabel_en-US" xlink:label="lab_us-gaap_CommercialRealEstateMember_A2F81DA56A5F59D1510BAB92CB8D7B70" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retail and Commercial</link:label>
    <link:label id="lab_us-gaap_CommercialRealEstateMember_A2F81DA56A5F59D1510BAB92CB8D7B70_label_en-US" xlink:label="lab_us-gaap_CommercialRealEstateMember_A2F81DA56A5F59D1510BAB92CB8D7B70" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Real Estate [Member]</link:label>
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    <link:label id="lab_us-gaap_ResidentialRealEstateMember_F06AA457CFDA4111945BAB92CB8D896B_terseLabel_en-US" xlink:label="lab_us-gaap_ResidentialRealEstateMember_F06AA457CFDA4111945BAB92CB8D896B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Residential</link:label>
    <link:label id="lab_us-gaap_ResidentialRealEstateMember_F06AA457CFDA4111945BAB92CB8D896B_label_en-US" xlink:label="lab_us-gaap_ResidentialRealEstateMember_F06AA457CFDA4111945BAB92CB8D896B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Residential Real Estate [Member]</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue_5BCBB12479A8873630C2AB92CB8DEB48_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue_5BCBB12479A8873630C2AB92CB8DEB48" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum rents</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue_5BCBB12479A8873630C2AB92CB8DEB48_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue_5BCBB12479A8873630C2AB92CB8DEB48" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Income Statement, Minimum Lease Revenue</link:label>
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    <link:label id="lab_us-gaap_TenantReimbursements_8711EDFB8C02C42F377FAB92CB8DD78B_terseLabel_en-US" xlink:label="lab_us-gaap_TenantReimbursements_8711EDFB8C02C42F377FAB92CB8DD78B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost reimbursement</link:label>
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    <link:label id="lab_us-gaap_PercentageRent_6050AF26BFB0FF2C02F8AB92CB8D2C45_terseLabel_en-US" xlink:label="lab_us-gaap_PercentageRent_6050AF26BFB0FF2C02F8AB92CB8D2C45" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage rent</link:label>
    <link:label id="lab_us-gaap_PercentageRent_6050AF26BFB0FF2C02F8AB92CB8D2C45_label_en-US" xlink:label="lab_us-gaap_PercentageRent_6050AF26BFB0FF2C02F8AB92CB8D2C45" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Income Statement, Percentage Revenue</link:label>
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    <link:label id="lab_frt_OtherRentalIncome_4451A29FC1D3F3508E48AB92CB8DBDFE_terseLabel_en-US" xlink:label="lab_frt_OtherRentalIncome_4451A29FC1D3F3508E48AB92CB8DBDFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_frt_OtherRentalIncome_4451A29FC1D3F3508E48AB92CB8DBDFE_label_en-US" xlink:label="lab_frt_OtherRentalIncome_4451A29FC1D3F3508E48AB92CB8DBDFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Rental Income</link:label>
    <link:label id="lab_frt_OtherRentalIncome_4451A29FC1D3F3508E48AB92CB8DBDFE_documentation_en-US" xlink:label="lab_frt_OtherRentalIncome_4451A29FC1D3F3508E48AB92CB8DBDFE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents other rental revenue earned during the period.</link:label>
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