<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!-- -->
<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-20160930.xsd#BusinessAndOrganization" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/BusinessAndOrganizationDetails" xlink:href="frt-20160930.xsd#BusinessAndOrganizationDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/CommitmentsAndContingencies" xlink:href="frt-20160930.xsd#CommitmentsAndContingencies" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/CommitmentsAndContingenciesDetails" xlink:href="frt-20160930.xsd#CommitmentsAndContingenciesDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncome" xlink:href="frt-20160930.xsd#ComponentsOfRentalIncome" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfMinimumRentDetails" xlink:href="frt-20160930.xsd#ComponentsOfRentalIncomeScheduleOfMinimumRentDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfPrincipalComponentsOfRentalIncomeDetails" xlink:href="frt-20160930.xsd#ComponentsOfRentalIncomeScheduleOfPrincipalComponentsOfRentalIncomeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeTables" xlink:href="frt-20160930.xsd#ComponentsOfRentalIncomeTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedBalanceSheets" xlink:href="frt-20160930.xsd#ConsolidatedBalanceSheets" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedBalanceSheetsParentheticals" xlink:href="frt-20160930.xsd#ConsolidatedBalanceSheetsParentheticals" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementOfShareholdersEquity" xlink:href="frt-20160930.xsd#ConsolidatedStatementOfShareholdersEquity" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementOfShareholdersEquityParentheticals" xlink:href="frt-20160930.xsd#ConsolidatedStatementOfShareholdersEquityParentheticals" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementsOfCashFlows" xlink:href="frt-20160930.xsd#ConsolidatedStatementsOfCashFlows" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementsOfOperations" xlink:href="frt-20160930.xsd#ConsolidatedStatementsOfOperations" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/Debt" xlink:href="frt-20160930.xsd#Debt" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DebtDetails" xlink:href="frt-20160930.xsd#DebtDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DocumentAndEntityInformationDocument" xlink:href="frt-20160930.xsd#DocumentAndEntityInformationDocument" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShare" xlink:href="frt-20160930.xsd#EarningsPerShare" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShareNarrativeDetails" xlink:href="frt-20160930.xsd#EarningsPerShareNarrativeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShareScheduleOfEarningsPerShareDetails" xlink:href="frt-20160930.xsd#EarningsPerShareScheduleOfEarningsPerShareDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShareTables" xlink:href="frt-20160930.xsd#EarningsPerShareTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstruments" xlink:href="frt-20160930.xsd#FairValueOfFinancialInstruments" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsDetails" xlink:href="frt-20160930.xsd#FairValueOfFinancialInstrumentsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsSummaryOfCarryingValueAndFairValueOfFinancialInstrumentsDetails" xlink:href="frt-20160930.xsd#FairValueOfFinancialInstrumentsSummaryOfCarryingValueAndFairValueOfFinancialInstrumentsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsSummaryOfFinancialLiabilitiesMeasuredOnRecurringBasisDetails" xlink:href="frt-20160930.xsd#FairValueOfFinancialInstrumentsSummaryOfFinancialLiabilitiesMeasuredOnRecurringBasisDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsTables" xlink:href="frt-20160930.xsd#FairValueOfFinancialInstrumentsTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstate" xlink:href="frt-20160930.xsd#RealEstate" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstateDetails" xlink:href="frt-20160930.xsd#RealEstateDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareBasedCompensationDetails" xlink:href="frt-20160930.xsd#ShareBasedCompensationDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareBasedCompensationPlans" xlink:href="frt-20160930.xsd#ShareBasedCompensationPlans" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareBasedCompensationPlansTables" xlink:href="frt-20160930.xsd#ShareBasedCompensationPlansTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquity" xlink:href="frt-20160930.xsd#ShareholdersEquity" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquityNarrativeDetails" xlink:href="frt-20160930.xsd#ShareholdersEquityNarrativeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquitySummaryOfDividendsDetails" xlink:href="frt-20160930.xsd#ShareholdersEquitySummaryOfDividendsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquityTables" xlink:href="frt-20160930.xsd#ShareholdersEquityTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SubsequentEvents" xlink:href="frt-20160930.xsd#SubsequentEvents" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SubsequentEventsDetails" xlink:href="frt-20160930.xsd#SubsequentEventsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPolicies" xlink:href="frt-20160930.xsd#SummaryOfSignificantAccountingPolicies" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesConsolidatedStatementOfCashFlowsSupplementalDisclosuresDetails" xlink:href="frt-20160930.xsd#SummaryOfSignificantAccountingPoliciesConsolidatedStatementOfCashFlowsSupplementalDisclosuresDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesPolicy" xlink:href="frt-20160930.xsd#SummaryOfSignificantAccountingPoliciesPolicy" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesRecentlyAdoptedAccountingPronouncementsDetails" xlink:href="frt-20160930.xsd#SummaryOfSignificantAccountingPoliciesRecentlyAdoptedAccountingPronouncementsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesTables" xlink:href="frt-20160930.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-20160930.xsd#frt_NatureOfOperationsAbstract" xlink:label="loc_frt_NatureOfOperationsAbstract_C6AD43B732F851DAAA9FD04190FA3891" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="loc_us-gaap_NatureOfOperations_A7CA3397BFE257729460D05C44F8C058" 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_C6AD43B732F851DAAA9FD04190FA3891" xlink:to="loc_us-gaap_NatureOfOperations_A7CA3397BFE257729460D05C44F8C058" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/BusinessAndOrganizationDetails" xlink:type="extended">
    <loc xlink:href="frt-20160930.xsd#frt_NatureOfOperationsAbstract" xlink:label="loc_frt_NatureOfOperationsAbstract_721DACF7DB7D5913A6406AB13B572BC1" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:label="loc_us-gaap_NumberOfRealEstateProperties_DC8C91D728AF52E3BEF34B324FC53A04" 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_721DACF7DB7D5913A6406AB13B572BC1" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_DC8C91D728AF52E3BEF34B324FC53A04" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_MinimumPercentageOfTaxableIncomeDistributedToShareholders" xlink:label="loc_frt_MinimumPercentageOfTaxableIncomeDistributedToShareholders_2DBE5D8A27EA577C99B48F8AB3756C81" 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_721DACF7DB7D5913A6406AB13B572BC1" xlink:to="loc_frt_MinimumPercentageOfTaxableIncomeDistributedToShareholders_2DBE5D8A27EA577C99B48F8AB3756C81" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_2ABBBFDDF80A5741BA49D4BCC25E3D20" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_E11E1C7138AB5CA2B8ABEEA4962E97B7" 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_2ABBBFDDF80A5741BA49D4BCC25E3D20" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_E11E1C7138AB5CA2B8ABEEA4962E97B7" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_B5C4C69F1F4F8BA7FDBB1B219AAEB259" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PartnersCapitalAccountUnits" xlink:label="loc_us-gaap_PartnersCapitalAccountUnits_EB448BFB7E50DF9950E41B219AAEA323" 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_B5C4C69F1F4F8BA7FDBB1B219AAEB259" xlink:to="loc_us-gaap_PartnersCapitalAccountUnits_EB448BFB7E50DF9950E41B219AAEA323" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_OperatingPartnershipUnitsFairValue" xlink:label="loc_frt_OperatingPartnershipUnitsFairValue_25DD071787B08A16B95E1B219AAE50DB" 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_CommitmentsAndContingenciesDisclosureAbstract_B5C4C69F1F4F8BA7FDBB1B219AAEB259" xlink:to="loc_frt_OperatingPartnershipUnitsFairValue_25DD071787B08A16B95E1B219AAE50DB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ValuationAndQualifyingAccountsDisclosureTable" xlink:label="loc_us-gaap_ValuationAndQualifyingAccountsDisclosureTable_D89D4B34B239174BF6CC1B219AAED5FF" 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_CommitmentsAndContingenciesDisclosureAbstract_B5C4C69F1F4F8BA7FDBB1B219AAEB259" xlink:to="loc_us-gaap_ValuationAndQualifyingAccountsDisclosureTable_D89D4B34B239174BF6CC1B219AAED5FF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_0490E35702A34CD6597F1B219AAEDB70" 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_ValuationAndQualifyingAccountsDisclosureTable_D89D4B34B239174BF6CC1B219AAED5FF" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_0490E35702A34CD6597F1B219AAEDB70" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_E7829C338230E784BE751B219AAE82D9" 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_IncomeStatementLocationAxis_0490E35702A34CD6597F1B219AAEDB70" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_E7829C338230E784BE751B219AAE82D9" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_GainonsaleofrealestateMember" xlink:label="loc_frt_GainonsaleofrealestateMember_76AC725AC9E2CD99F4B21B219AAE379B" 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_IncomeStatementLocationDomain_E7829C338230E784BE751B219AAE82D9" xlink:to="loc_frt_GainonsaleofrealestateMember_76AC725AC9E2CD99F4B21B219AAE379B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ValuationAllowancesAndReservesTypeAxis" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesTypeAxis_1B8CB186FA7F52E063361B219AAE03AA" 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_ValuationAndQualifyingAccountsDisclosureTable_D89D4B34B239174BF6CC1B219AAED5FF" xlink:to="loc_us-gaap_ValuationAllowancesAndReservesTypeAxis_1B8CB186FA7F52E063361B219AAE03AA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ValuationAllowancesAndReservesDomain" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesDomain_260B512ED4C3254536471B219AAFBB28" 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_ValuationAllowancesAndReservesTypeAxis_1B8CB186FA7F52E063361B219AAE03AA" xlink:to="loc_us-gaap_ValuationAllowancesAndReservesDomain_260B512ED4C3254536471B219AAFBB28" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WarrantyReservesMember" xlink:label="loc_us-gaap_WarrantyReservesMember_CB04CCAF394B7BC716491B219AAFEF68" 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_ValuationAllowancesAndReservesDomain_260B512ED4C3254536471B219AAFBB28" xlink:to="loc_us-gaap_WarrantyReservesMember_CB04CCAF394B7BC716491B219AAFEF68" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_CDD9C4E495861B6967621B219AAF32C4" 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_ValuationAndQualifyingAccountsDisclosureTable_D89D4B34B239174BF6CC1B219AAED5FF" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_CDD9C4E495861B6967621B219AAF32C4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_61B61AD43B987F36AF0C1B219AAF631F" 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_CDD9C4E495861B6967621B219AAF32C4" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_61B61AD43B987F36AF0C1B219AAF631F" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_GalaxyHollywoodMember" xlink:label="loc_frt_GalaxyHollywoodMember_755F5579FAFFFC3B134B1B219AAF9183" 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_61B61AD43B987F36AF0C1B219AAF631F" xlink:to="loc_frt_GalaxyHollywoodMember_755F5579FAFFFC3B134B1B219AAF9183" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_SantanaRowMember" xlink:label="loc_frt_SantanaRowMember_25762A097498EEFA16831B219AB08504" 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_61B61AD43B987F36AF0C1B219AAF631F" xlink:to="loc_frt_SantanaRowMember_25762A097498EEFA16831B219AB08504" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ValuationAndQualifyingAccountsDisclosureLineItems" xlink:label="loc_us-gaap_ValuationAndQualifyingAccountsDisclosureLineItems_FB743D0A2BD1BD02BC461B219AB0D4F2" 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_ValuationAndQualifyingAccountsDisclosureTable_D89D4B34B239174BF6CC1B219AAED5FF" xlink:to="loc_us-gaap_ValuationAndQualifyingAccountsDisclosureLineItems_FB743D0A2BD1BD02BC461B219AB0D4F2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ValuationAllowancesAndReservesDeductions" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesDeductions_6F054B7D0A5D29BC8BA31B219AB0C4C8" 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_ValuationAndQualifyingAccountsDisclosureLineItems_FB743D0A2BD1BD02BC461B219AB0D4F2" xlink:to="loc_us-gaap_ValuationAllowancesAndReservesDeductions_6F054B7D0A5D29BC8BA31B219AB0C4C8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestByLegalEntityTable" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestByLegalEntityTable_5C6C41C2B1A0A85A66911B219AB040DE" 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_CommitmentsAndContingenciesDisclosureAbstract_B5C4C69F1F4F8BA7FDBB1B219AAEB259" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestByLegalEntityTable_5C6C41C2B1A0A85A66911B219AB040DE" 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_RedeemableNoncontrollingInterestByLegalEntityTable_5C6C41C2B1A0A85A66911B219AB040DE" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_CDD9C4E495861B6967621B219AAF32C4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestLineItems" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestLineItems_4C16F292ECF1F59A59401B219AB117A6" 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_RedeemableNoncontrollingInterestByLegalEntityTable_5C6C41C2B1A0A85A66911B219AB040DE" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestLineItems_4C16F292ECF1F59A59401B219AB117A6" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Percentageofnoncontrollinginterestacquired" xlink:label="loc_frt_Percentageofnoncontrollinginterestacquired_A0B75C4A9AE1FDC9A5BC1B219AB170A6" 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_RedeemableNoncontrollingInterestLineItems_4C16F292ECF1F59A59401B219AB117A6" xlink:to="loc_frt_Percentageofnoncontrollinginterestacquired_A0B75C4A9AE1FDC9A5BC1B219AB170A6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_57455479FBB61F22156F1B219AB1FFAA" 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_RedeemableNoncontrollingInterestLineItems_4C16F292ECF1F59A59401B219AB117A6" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_57455479FBB61F22156F1B219AB1FFAA" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Ownershipinterest" xlink:label="loc_frt_Ownershipinterest_7C9A20395AF0B78F162A1B219AB1EA1C" 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_RedeemableNoncontrollingInterestLineItems_4C16F292ECF1F59A59401B219AB117A6" xlink:to="loc_frt_Ownershipinterest_7C9A20395AF0B78F162A1B219AB1EA1C" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncome" xlink:type="extended">
    <loc xlink:href="frt-20160930.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_C9E74EE1E8A85F3F868B2EDBD8824341" xlink:type="locator" />
    <loc xlink:href="frt-20160930.xsd#frt_OperatingLeasesRevenueAndExpenseTextBlock" xlink:label="loc_frt_OperatingLeasesRevenueAndExpenseTextBlock_9EEFA12073DF55F8B00283746785120B" 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_C9E74EE1E8A85F3F868B2EDBD8824341" xlink:to="loc_frt_OperatingLeasesRevenueAndExpenseTextBlock_9EEFA12073DF55F8B00283746785120B" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfMinimumRentDetails" xlink:type="extended">
    <loc xlink:href="frt-20160930.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_70478DC02A005F9390C3FE2416806FAF" xlink:type="locator" />
    <loc xlink:href="frt-20160930.xsd#frt_ScheduleOfMinimumRentsTable" xlink:label="loc_frt_ScheduleOfMinimumRentsTable_354A0BD1CB865F04BAAC928B0E1977B6" 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_70478DC02A005F9390C3FE2416806FAF" xlink:to="loc_frt_ScheduleOfMinimumRentsTable_354A0BD1CB865F04BAAC928B0E1977B6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_E7C97258CAC353EDB855CB88EFAA1282" 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_354A0BD1CB865F04BAAC928B0E1977B6" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_E7C97258CAC353EDB855CB88EFAA1282" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_4939AB01759B589A92229E1E39AAA096" 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_E7C97258CAC353EDB855CB88EFAA1282" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_4939AB01759B589A92229E1E39AAA096" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AboveMarketLeasesMember" xlink:label="loc_us-gaap_AboveMarketLeasesMember_DD66EB916A1456AC9438AA9E829DA489" 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_4939AB01759B589A92229E1E39AAA096" xlink:to="loc_us-gaap_AboveMarketLeasesMember_DD66EB916A1456AC9438AA9E829DA489" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_BelowMarketLeaseMember" xlink:label="loc_frt_BelowMarketLeaseMember_B79155C5666A5061BE388DCE853F6EC3" 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_4939AB01759B589A92229E1E39AAA096" xlink:to="loc_frt_BelowMarketLeaseMember_B79155C5666A5061BE388DCE853F6EC3" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_MinimumRentLineItems" xlink:label="loc_frt_MinimumRentLineItems_14EBD2A6DDAD5DF3A371C1949B0A75DD" 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_354A0BD1CB865F04BAAC928B0E1977B6" xlink:to="loc_frt_MinimumRentLineItems_14EBD2A6DDAD5DF3A371C1949B0A75DD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StraightLineRent" xlink:label="loc_us-gaap_StraightLineRent_975C2CCA67F053BAB79B6E8EAD9EDF9D" 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_14EBD2A6DDAD5DF3A371C1949B0A75DD" xlink:to="loc_us-gaap_StraightLineRent_975C2CCA67F053BAB79B6E8EAD9EDF9D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AmortizationOfAboveAndBelowMarketLeases" xlink:label="loc_us-gaap_AmortizationOfAboveAndBelowMarketLeases_5862ADFA802254F6A25E78A59B6228F8" 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_frt_MinimumRentLineItems_14EBD2A6DDAD5DF3A371C1949B0A75DD" xlink:to="loc_us-gaap_AmortizationOfAboveAndBelowMarketLeases_5862ADFA802254F6A25E78A59B6228F8" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfPrincipalComponentsOfRentalIncomeDetails" xlink:type="extended">
    <loc xlink:href="frt-20160930.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_09B9680D0FDB5BBC85F22F785547276F" xlink:type="locator" />
    <loc xlink:href="frt-20160930.xsd#frt_ComponentsOfRentalIncomeTable" xlink:label="loc_frt_ComponentsOfRentalIncomeTable_4D703E9FDBFA5C43B180064AF30175C3" 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_09B9680D0FDB5BBC85F22F785547276F" xlink:to="loc_frt_ComponentsOfRentalIncomeTable_4D703E9FDBFA5C43B180064AF30175C3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis" xlink:label="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_A21B422AB12559758C7B0FA9CBC206BC" 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_ComponentsOfRentalIncomeTable_4D703E9FDBFA5C43B180064AF30175C3" xlink:to="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_A21B422AB12559758C7B0FA9CBC206BC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain" xlink:label="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_DC540012FB1F5567AD9DF9CD60F3380D" 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_PropertySubjectToOrAvailableForOperatingLeaseAxis_A21B422AB12559758C7B0FA9CBC206BC" xlink:to="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_DC540012FB1F5567AD9DF9CD60F3380D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommercialRealEstateMember" xlink:label="loc_us-gaap_CommercialRealEstateMember_C5F9760390C9561DA41D846032C2CB19" 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_PropertySubjectToOrAvailableForOperatingLeaseDomain_DC540012FB1F5567AD9DF9CD60F3380D" xlink:to="loc_us-gaap_CommercialRealEstateMember_C5F9760390C9561DA41D846032C2CB19" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ResidentialRealEstateMember" xlink:label="loc_us-gaap_ResidentialRealEstateMember_8001CA5719CD51D3B19289C45F70F2A4" 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_PropertySubjectToOrAvailableForOperatingLeaseDomain_DC540012FB1F5567AD9DF9CD60F3380D" xlink:to="loc_us-gaap_ResidentialRealEstateMember_8001CA5719CD51D3B19289C45F70F2A4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_449D7DA0AB4A5A32921B71271E14D319" 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_4D703E9FDBFA5C43B180064AF30175C3" xlink:to="loc_us-gaap_StatementLineItems_449D7DA0AB4A5A32921B71271E14D319" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue" xlink:label="loc_us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue_DAAEC94CB0CC5C49A727351AF5EC1EA2" 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_449D7DA0AB4A5A32921B71271E14D319" xlink:to="loc_us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue_DAAEC94CB0CC5C49A727351AF5EC1EA2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TenantReimbursements" xlink:label="loc_us-gaap_TenantReimbursements_488AB3E4B93F536AA7B1042E4354288B" 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_449D7DA0AB4A5A32921B71271E14D319" xlink:to="loc_us-gaap_TenantReimbursements_488AB3E4B93F536AA7B1042E4354288B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PercentageRent" xlink:label="loc_us-gaap_PercentageRent_F13B48454EF65E6695F0409AA9D38699" 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_449D7DA0AB4A5A32921B71271E14D319" xlink:to="loc_us-gaap_PercentageRent_F13B48454EF65E6695F0409AA9D38699" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_OtherRentalIncome" xlink:label="loc_frt_OtherRentalIncome_DC0CB72F6BFE5B1C983912813A61DE6D" 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_449D7DA0AB4A5A32921B71271E14D319" xlink:to="loc_frt_OtherRentalIncome_DC0CB72F6BFE5B1C983912813A61DE6D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:label="loc_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_01181E11E7C75F6ABDB94C85BB900E3F" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_449D7DA0AB4A5A32921B71271E14D319" xlink:to="loc_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_01181E11E7C75F6ABDB94C85BB900E3F" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeTables" xlink:type="extended">
    <loc xlink:href="frt-20160930.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_80C5C986151058438076837E8F6D82B2" xlink:type="locator" />
    <loc xlink:href="frt-20160930.xsd#frt_ScheduleOfComponentOfRentalIncomeTableTextBlock" xlink:label="loc_frt_ScheduleOfComponentOfRentalIncomeTableTextBlock_B5B977F6B84D5AF8BC7B8E618507DB4B" 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_80C5C986151058438076837E8F6D82B2" xlink:to="loc_frt_ScheduleOfComponentOfRentalIncomeTableTextBlock_B5B977F6B84D5AF8BC7B8E618507DB4B" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_ScheduleOfMinimumRentsComponentsTableTextblock" xlink:label="loc_frt_ScheduleOfMinimumRentsComponentsTableTextblock_F24D915510C65325866227FAEFFE980C" 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_80C5C986151058438076837E8F6D82B2" xlink:to="loc_frt_ScheduleOfMinimumRentsComponentsTableTextblock_F24D915510C65325866227FAEFFE980C" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_0A1DE97084279E45DD020298F8FD72D3" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_7F3ECE8C865EE1C0F5C30298F8FE6803" 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_0A1DE97084279E45DD020298F8FD72D3" xlink:to="loc_us-gaap_AssetsAbstract_7F3ECE8C865EE1C0F5C30298F8FE6803" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RentalProperties" xlink:label="loc_us-gaap_RentalProperties_16F8F80606393D8DE8230298F9016BC5" 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_7F3ECE8C865EE1C0F5C30298F8FE6803" xlink:to="loc_us-gaap_RentalProperties_16F8F80606393D8DE8230298F9016BC5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:label="loc_us-gaap_ConstructionInProgressGross_4CF5435334ED4ED54EC40298F9010751" 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_7F3ECE8C865EE1C0F5C30298F8FE6803" xlink:to="loc_us-gaap_ConstructionInProgressGross_4CF5435334ED4ED54EC40298F9010751" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAtCost_110DF66E46F3E2F490310298F901A7C6" 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_7F3ECE8C865EE1C0F5C30298F8FE6803" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAtCost_110DF66E46F3E2F490310298F901A7C6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_362639EC729D3C482E0A0298F9012D35" 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_7F3ECE8C865EE1C0F5C30298F8FE6803" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_362639EC729D3C482E0A0298F9012D35" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_03123376D523F946CE280298F901C5F3" 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_7F3ECE8C865EE1C0F5C30298F8FE6803" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_03123376D523F946CE280298F901C5F3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_37E43EF743467C8336AB0298F9017C91" 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_7F3ECE8C865EE1C0F5C30298F8FE6803" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_37E43EF743467C8336AB0298F9017C91" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsAndNotesReceivableNet" xlink:label="loc_us-gaap_AccountsAndNotesReceivableNet_40C361A76FEEEF614B190298F9012BE8" 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_7F3ECE8C865EE1C0F5C30298F8FE6803" xlink:to="loc_us-gaap_AccountsAndNotesReceivableNet_40C361A76FEEEF614B190298F9012BE8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_846A279CD0576CB360120298F90104C5" 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_7F3ECE8C865EE1C0F5C30298F8FE6803" xlink:to="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_846A279CD0576CB360120298F90104C5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_31F00505BE40D174A97D0298F90148E9" 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_7F3ECE8C865EE1C0F5C30298F8FE6803" xlink:to="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_31F00505BE40D174A97D0298F90148E9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssets" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssets_54A5019F245D2CEB74DC0298F9013D80" 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_7F3ECE8C865EE1C0F5C30298F8FE6803" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssets_54A5019F245D2CEB74DC0298F9013D80" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_062F78EAB9248467EA270298F90255F6" 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_AssetsAbstract_7F3ECE8C865EE1C0F5C30298F8FE6803" xlink:to="loc_us-gaap_Assets_062F78EAB9248467EA270298F90255F6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="loc_us-gaap_LiabilitiesAbstract_853EF7C7EE1701F3735E0298F902D9D0" 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_StatementOfFinancialPositionAbstract_0A1DE97084279E45DD020298F8FD72D3" xlink:to="loc_us-gaap_LiabilitiesAbstract_853EF7C7EE1701F3735E0298F902D9D0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuredDebt" xlink:label="loc_us-gaap_SecuredDebt_BEB5BBBADD846B63A6090298F90274F7" 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_853EF7C7EE1701F3735E0298F902D9D0" xlink:to="loc_us-gaap_SecuredDebt_BEB5BBBADD846B63A6090298F90274F7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeaseObligations" xlink:label="loc_us-gaap_CapitalLeaseObligations_D183A3E852D8C4E02BA60298F9024CBD" 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_853EF7C7EE1701F3735E0298F902D9D0" xlink:to="loc_us-gaap_CapitalLeaseObligations_D183A3E852D8C4E02BA60298F9024CBD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NotesPayable" xlink:label="loc_us-gaap_NotesPayable_3A1E1B94D01571DE866E0298F902FD2A" 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_853EF7C7EE1701F3735E0298F902D9D0" xlink:to="loc_us-gaap_NotesPayable_3A1E1B94D01571DE866E0298F902FD2A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SeniorNotes" xlink:label="loc_us-gaap_SeniorNotes_BC41C2456DFC67205BD80298F902D98C" 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_853EF7C7EE1701F3735E0298F902D9D0" xlink:to="loc_us-gaap_SeniorNotes_BC41C2456DFC67205BD80298F902D98C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_8C26E06CDEF1A17BC5920298F9022330" 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_853EF7C7EE1701F3735E0298F902D9D0" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_8C26E06CDEF1A17BC5920298F9022330" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_3B7DDECB07FB4C1B5DB00298F9023DB7" 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_853EF7C7EE1701F3735E0298F902D9D0" xlink:to="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_3B7DDECB07FB4C1B5DB00298F9023DB7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecurityDepositLiability" xlink:label="loc_us-gaap_SecurityDepositLiability_64ED92FADEE6BD6EE6EB0298F903364B" 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_853EF7C7EE1701F3735E0298F902D9D0" xlink:to="loc_us-gaap_SecurityDepositLiability_64ED92FADEE6BD6EE6EB0298F903364B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredCreditsAndOtherLiabilities" xlink:label="loc_us-gaap_DeferredCreditsAndOtherLiabilities_3385561D1CF96BB57AA70298F9039431" 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_853EF7C7EE1701F3735E0298F902D9D0" xlink:to="loc_us-gaap_DeferredCreditsAndOtherLiabilities_3385561D1CF96BB57AA70298F9039431" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_0BD148B0ED5ED5136FFC0298F903C897" 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_853EF7C7EE1701F3735E0298F902D9D0" xlink:to="loc_us-gaap_Liabilities_0BD148B0ED5ED5136FFC0298F903C897" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies_02EBB82688C698EFDC580298F903B638" 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_StatementOfFinancialPositionAbstract_0A1DE97084279E45DD020298F8FD72D3" xlink:to="loc_us-gaap_CommitmentsAndContingencies_02EBB82688C698EFDC580298F903B638" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_B7BCCAF930C35EF0A2690298F903AA83" 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_StatementOfFinancialPositionAbstract_0A1DE97084279E45DD020298F8FD72D3" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_B7BCCAF930C35EF0A2690298F903AA83" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_474C29A8E36F0F3176DB0298F903A750" 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_StatementOfFinancialPositionAbstract_0A1DE97084279E45DD020298F8FD72D3" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_474C29A8E36F0F3176DB0298F903A750" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="loc_us-gaap_PreferredStockValue_9267A7BD2132D02F71C80298F90349BC" 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_474C29A8E36F0F3176DB0298F903A750" xlink:to="loc_us-gaap_PreferredStockValue_9267A7BD2132D02F71C80298F90349BC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_9E206DCCD93BC746ED720298F9042A37" 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_474C29A8E36F0F3176DB0298F903A750" xlink:to="loc_us-gaap_CommonStockValue_9E206DCCD93BC746ED720298F9042A37" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_13470F82DEC6E9BF175A0298F9047D56" 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_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_474C29A8E36F0F3176DB0298F903A750" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_13470F82DEC6E9BF175A0298F9047D56" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncome" xlink:label="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncome_D7C7F5BCF62C8F1F36090298F90485F5" 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_474C29A8E36F0F3176DB0298F903A750" xlink:to="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncome_D7C7F5BCF62C8F1F36090298F90485F5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_1525687C92F052EFE8ED0298F904697C" 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_474C29A8E36F0F3176DB0298F903A750" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_1525687C92F052EFE8ED0298F904697C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_B4F207D00389E13DAB7B0298F904878D" 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_474C29A8E36F0F3176DB0298F903A750" xlink:to="loc_us-gaap_StockholdersEquity_B4F207D00389E13DAB7B0298F904878D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_D3C45D8ED70A1586191F0298F904398B" 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_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_474C29A8E36F0F3176DB0298F903A750" xlink:to="loc_us-gaap_MinorityInterest_D3C45D8ED70A1586191F0298F904398B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_C39EF6D64454670472C80298F90436E2" 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_474C29A8E36F0F3176DB0298F903A750" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_C39EF6D64454670472C80298F90436E2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_72CEC26D73EBB0C9EE1A0298F90401C6" 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_StatementOfFinancialPositionAbstract_0A1DE97084279E45DD020298F8FD72D3" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_72CEC26D73EBB0C9EE1A0298F90401C6" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ConsolidatedBalanceSheetsParentheticals" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:type="locator" />
    <loc xlink:href="frt-20160930.xsd#frt_OperatingRealEstateFromConsolidatedVariableInterestEntities" xlink:label="loc_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_EB0DAC3A90CF55CAABDBBC8878DB891A" 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_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_EB0DAC3A90CF55CAABDBBC8878DB891A" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities" xlink:label="loc_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_ECFCC4F5BE88582994F3D7C4BE923B30" 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_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_ECFCC4F5BE88582994F3D7C4BE923B30" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_MortgagePayableFromConsolidatedVariableInterestEntities" xlink:label="loc_frt_MortgagePayableFromConsolidatedVariableInterestEntities_CC56426408F350E4AC9FD976B23715D9" 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_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_frt_MortgagePayableFromConsolidatedVariableInterestEntities_CC56426408F350E4AC9FD976B23715D9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="loc_us-gaap_PreferredStockSharesAuthorized_5E319297F1A154C7BFA3E1414AA25C80" 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_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_us-gaap_PreferredStockSharesAuthorized_5E319297F1A154C7BFA3E1414AA25C80" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare_6A09AAFCB3655A7F9F093B4371C47E34" 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_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_us-gaap_PreferredStockParOrStatedValuePerShare_6A09AAFCB3655A7F9F093B4371C47E34" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="loc_us-gaap_PreferredStockDividendRatePercentage_B934D43095515A51A4642CEA145FAA6F" 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_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_B934D43095515A51A4642CEA145FAA6F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockLiquidationPreference" xlink:label="loc_us-gaap_PreferredStockLiquidationPreference_EF259F57F4ED580888634064251C4FE2" 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_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_us-gaap_PreferredStockLiquidationPreference_EF259F57F4ED580888634064251C4FE2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="loc_us-gaap_PreferredStockSharesIssued_425A93FC96445E6CAF031DCAA09082A7" 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_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_us-gaap_PreferredStockSharesIssued_425A93FC96445E6CAF031DCAA09082A7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_512569AC27FB5592AAECA48999243723" 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_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_512569AC27FB5592AAECA48999243723" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_A08FCD33C9FD563480E52AC842678F16" 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_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_A08FCD33C9FD563480E52AC842678F16" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_61EB1655F0F05844935C715A82A40A6C" 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_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_61EB1655F0F05844935C715A82A40A6C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaap_CommonStockSharesIssued_B78671FEA70959B392F9F6B2A54009A7" 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_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_us-gaap_CommonStockSharesIssued_B78671FEA70959B392F9F6B2A54009A7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_C7D3A0D571B550D49DF3F0277B5C6F07" 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_StatementOfFinancialPositionAbstract_A42AC58B1C5055BE96729B52828569B7" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_C7D3A0D571B550D49DF3F0277B5C6F07" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_81D8DDF517AA254D62CA02990B92558D" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_85E84B48EF2D776F331402990B925847" 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_81D8DDF517AA254D62CA02990B92558D" xlink:to="loc_us-gaap_StatementTable_85E84B48EF2D776F331402990B925847" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_426C6221AAA0BDAB394202990B925C18" 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_85E84B48EF2D776F331402990B925847" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_426C6221AAA0BDAB394202990B925C18" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_5553F77764B77F86085802990B922814" 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_426C6221AAA0BDAB394202990B925C18" xlink:to="loc_us-gaap_EquityComponentDomain_5553F77764B77F86085802990B922814" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="loc_us-gaap_PreferredStockMember_1B63DAA74FDE8C8FE22F02990B939EAB" 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_5553F77764B77F86085802990B922814" xlink:to="loc_us-gaap_PreferredStockMember_1B63DAA74FDE8C8FE22F02990B939EAB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_2DAA39A4199A3813E04C02990B93399D" 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_5553F77764B77F86085802990B922814" xlink:to="loc_us-gaap_CommonStockMember_2DAA39A4199A3813E04C02990B93399D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_376DBA24AFC669566C1B02990B93F156" 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_5553F77764B77F86085802990B922814" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_376DBA24AFC669566C1B02990B93F156" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:label="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_197C5BD498149481869102990B93E9A8" 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_5553F77764B77F86085802990B922814" xlink:to="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_197C5BD498149481869102990B93E9A8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_2EF470F3F351C50C912302990B93696C" 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_EquityComponentDomain_5553F77764B77F86085802990B922814" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_2EF470F3F351C50C912302990B93696C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="loc_us-gaap_NoncontrollingInterestMember_38A82952638614862FAC02990B93BBA0" 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_5553F77764B77F86085802990B922814" xlink:to="loc_us-gaap_NoncontrollingInterestMember_38A82952638614862FAC02990B93BBA0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_A85B2BA4A53A3750B8F702990B937B09" 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_85E84B48EF2D776F331402990B925847" xlink:to="loc_us-gaap_StatementLineItems_A85B2BA4A53A3750B8F702990B937B09" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" 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_A85B2BA4A53A3750B8F702990B937B09" xlink:to="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="loc_us-gaap_SharesOutstanding_A263E74F9A8B841321EC02990B982861" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_SharesOutstanding_A263E74F9A8B841321EC02990B982861" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_98AE319E32B80A5F9C2F02990B991E99" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_98AE319E32B80A5F9C2F02990B991E99" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_ProfitLossExcludingRedeemableNoncontrollingInterests" xlink:label="loc_frt_ProfitLossExcludingRedeemableNoncontrollingInterests_6B3720A3A2C554BEC22402990B99A8F4" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_frt_ProfitLossExcludingRedeemableNoncontrollingInterests_6B3720A3A2C554BEC22402990B99A8F4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_FAA862E8C7A77DE04E1D02990B9990AD" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_FAA862E8C7A77DE04E1D02990B9990AD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:label="loc_us-gaap_DividendsCommonStockCash_5C9BCE1B02D650FD513B02990B992865" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_DividendsCommonStockCash_5C9BCE1B02D650FD513B02990B992865" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPreferredStockCash" xlink:label="loc_us-gaap_DividendsPreferredStockCash_73B14A9E90FD6F9C4E5B02990B9952F3" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_DividendsPreferredStockCash_73B14A9E90FD6F9C4E5B02990B9952F3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_2400A0872511F45F9C9502990B993BB6" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_2400A0872511F45F9C9502990B993BB6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_563B02CEBD0E1DA6B54F02990B99F036" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_563B02CEBD0E1DA6B54F02990B99F036" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_0BA22B3ECA109C0AA8D002990B9AC3C5" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_0BA22B3ECA109C0AA8D002990B9AC3C5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_A9FD832633A6B6D956C502990B9A166A" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_A9FD832633A6B6D956C502990B9A166A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_ADAB1090225D13085E4302990B9A559A" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_ADAB1090225D13085E4302990B9A559A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_3B1027940822DE68E30B02990B9A97CB" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_3B1027940822DE68E30B02990B9A97CB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_22FC2CC14CAD51B2D26902990B9A2991" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_22FC2CC14CAD51B2D26902990B9A2991" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_ShareBasedCompensationExpenseNetShares" xlink:label="loc_frt_ShareBasedCompensationExpenseNetShares_72C32E1C42F9E6717D8F02990B9AED69" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_frt_ShareBasedCompensationExpenseNetShares_72C32E1C42F9E6717D8F02990B9AED69" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_ShareBasedCompensationExpenseNetValue" xlink:label="loc_frt_ShareBasedCompensationExpenseNetValue_3AACA7E6BDD0F60CC17002990B9FB062" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_frt_ShareBasedCompensationExpenseNetValue_3AACA7E6BDD0F60CC17002990B9FB062" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation" xlink:label="loc_us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation_1D7DF7C608AC860CA72402990B9F043A" xlink:type="locator" />
    <presentationArc order="16" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation_1D7DF7C608AC860CA72402990B9F043A" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Shareswithheldforemployeetaxesnetvalue" xlink:label="loc_frt_Shareswithheldforemployeetaxesnetvalue_66F2E56FE58D11E2988002990B9F7EF6" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_frt_Shareswithheldforemployeetaxesnetvalue_66F2E56FE58D11E2988002990B9F7EF6" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares" xlink:label="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_6402CA54133E9F066C4302990B9F6007" 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_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_6402CA54133E9F066C4302990B9F6007" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_ConversionAndRedemptionOfOperatingPartnershipUnits" xlink:label="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnits_82AD2CC27F2F773EBA1F02990BA000B1" xlink:type="locator" />
    <presentationArc order="19" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnits_82AD2CC27F2F773EBA1F02990BA000B1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:label="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_EE06F7EAE0442711190802990BA09CC7" xlink:type="locator" />
    <presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_EE06F7EAE0442711190802990BA09CC7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityOther" xlink:label="loc_us-gaap_StockholdersEquityOther_A270C779BA859BDAA56602990BA017A8" xlink:type="locator" />
    <presentationArc order="21" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_StockholdersEquityOther_A270C779BA859BDAA56602990BA017A8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="loc_us-gaap_SharesOutstanding_6DC78732134DE129493102990BA08C75" xlink:type="locator" />
    <presentationArc order="22" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_SharesOutstanding_6DC78732134DE129493102990BA08C75" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_D84FFBC171BF665A5AB202990BA1911C" xlink:type="locator" />
    <presentationArc order="23" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_17C721364284A0E7633802990B98C4E2" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_D84FFBC171BF665A5AB202990BA1911C" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_DCDC9249894159B0975BAFA47AB27FCD" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_C4A527CD503759648BA2E5EACBFEEF32" 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_DCDC9249894159B0975BAFA47AB27FCD" xlink:to="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_C4A527CD503759648BA2E5EACBFEEF32" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_4B629715C44D514DBB9018699DFDA5AE" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_F7F74CD2A15AFE55AF4518699DFDA1E1" 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_4B629715C44D514DBB9018699DFDA5AE" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_F7F74CD2A15AFE55AF4518699DFDA1E1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_707014093E0F548F7E5818699DFD9B79" 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_F7F74CD2A15AFE55AF4518699DFDA1E1" xlink:to="loc_us-gaap_ProfitLoss_707014093E0F548F7E5818699DFD9B79" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_096F10FA840FF8EF499D18699DFD81AD" 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_F7F74CD2A15AFE55AF4518699DFDA1E1" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_096F10FA840FF8EF499D18699DFD81AD" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_AdjustmentDepreciationAndAmortization" xlink:label="loc_frt_AdjustmentDepreciationAndAmortization_4D61A57C077A3DF825EA18699DFDB242" 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_096F10FA840FF8EF499D18699DFD81AD" xlink:to="loc_frt_AdjustmentDepreciationAndAmortization_4D61A57C077A3DF825EA18699DFDB242" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Gainlossonchangeincontrolofinterestsandsaleofrealestate" xlink:label="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestate_BEF70C8430825A414A3918699DFD60C1" 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_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_096F10FA840FF8EF499D18699DFD81AD" xlink:to="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestate_BEF70C8430825A414A3918699DFD60C1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_9EA7CF8C35E25A653F3A18699DFDAAB8" 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_096F10FA840FF8EF499D18699DFD81AD" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_9EA7CF8C35E25A653F3A18699DFDAAB8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_017D017C8592E3695D7218699DFD9B17" 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_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_096F10FA840FF8EF499D18699DFD81AD" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_017D017C8592E3695D7218699DFD9B17" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_609B33E076E52957DDF618699DFD5A61" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_096F10FA840FF8EF499D18699DFD81AD" xlink:to="loc_us-gaap_OtherNoncashIncomeExpense_609B33E076E52957DDF618699DFD5A61" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_01EFA2DD45F1E15D0A1618699DFD4543" 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_F7F74CD2A15AFE55AF4518699DFDA1E1" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_01EFA2DD45F1E15D0A1618699DFD4543" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_A98D98283F88780437D018699DFD259F" 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_01EFA2DD45F1E15D0A1618699DFD4543" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_A98D98283F88780437D018699DFD259F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_A615A49D7559C5F7C75518699DFD7717" 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_01EFA2DD45F1E15D0A1618699DFD4543" xlink:to="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_A615A49D7559C5F7C75518699DFD7717" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_A33AC694230DB9E42D5418699DFDE332" 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_01EFA2DD45F1E15D0A1618699DFD4543" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_A33AC694230DB9E42D5418699DFDE332" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities" xlink:label="loc_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_29978A87C5F306337B2318699DFDFB3B" 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_01EFA2DD45F1E15D0A1618699DFD4543" xlink:to="loc_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_29978A87C5F306337B2318699DFDFB3B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_39CDC1C5676561F078CB18699DFDE818" 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_F7F74CD2A15AFE55AF4518699DFDA1E1" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_39CDC1C5676561F078CB18699DFDE818" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_9757A8D74655411E137C18699DFD2D6A" 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_StatementOfCashFlowsAbstract_4B629715C44D514DBB9018699DFDA5AE" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_9757A8D74655411E137C18699DFD2D6A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:label="loc_us-gaap_PaymentsToAcquireRealEstate_99327C9E5E35BA8E28DD18699DFD8AEA" 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_9757A8D74655411E137C18699DFD2D6A" xlink:to="loc_us-gaap_PaymentsToAcquireRealEstate_99327C9E5E35BA8E28DD18699DFD8AEA" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_CapitalExpendituresDevelopmentRedevelopment" xlink:label="loc_frt_CapitalExpendituresDevelopmentRedevelopment_61DE493859E873281D0B18699DFDD6C6" 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_9757A8D74655411E137C18699DFD2D6A" xlink:to="loc_frt_CapitalExpendituresDevelopmentRedevelopment_61DE493859E873281D0B18699DFDD6C6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForCapitalImprovements" xlink:label="loc_us-gaap_PaymentsForCapitalImprovements_F91C8D9A9B5167C5E9FD18699DFDC4F7" 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_9757A8D74655411E137C18699DFD2D6A" xlink:to="loc_us-gaap_PaymentsForCapitalImprovements_F91C8D9A9B5167C5E9FD18699DFDC4F7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:label="loc_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_4B8EC600F322FF955A5518699DFDDD69" 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_9757A8D74655411E137C18699DFD2D6A" xlink:to="loc_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_4B8EC600F322FF955A5518699DFDDD69" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="loc_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_9B6F45CA95ED2DCADFB218699DFD3163" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_9757A8D74655411E137C18699DFD2D6A" xlink:to="loc_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_9B6F45CA95ED2DCADFB218699DFD3163" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships" xlink:label="loc_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_FF58617506F586E201B818699DFD209C" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_9757A8D74655411E137C18699DFD2D6A" xlink:to="loc_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_FF58617506F586E201B818699DFD209C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts" xlink:label="loc_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_DE7B92FB92B486C2533718699DFDA707" 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_9757A8D74655411E137C18699DFD2D6A" xlink:to="loc_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_DE7B92FB92B486C2533718699DFDA707" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet" xlink:label="loc_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_93E17F231AC5FD90AE1818699DFDD17D" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_9757A8D74655411E137C18699DFD2D6A" xlink:to="loc_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_93E17F231AC5FD90AE1818699DFDD17D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_1E104379A2ED45DCB7CD18699DFD38F3" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_9757A8D74655411E137C18699DFD2D6A" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_1E104379A2ED45DCB7CD18699DFD38F3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_ADE807F210954939D29418699DFD1152" 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_StatementOfCashFlowsAbstract_4B629715C44D514DBB9018699DFDA5AE" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_ADE807F210954939D29418699DFD1152" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_485CFDAECBAE841EB0D918699DFD2A5B" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_ADE807F210954939D29418699DFD1152" xlink:to="loc_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_485CFDAECBAE841EB0D918699DFD2A5B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_DCDC2497E928D3B7857718699DFD37F3" 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_ADE807F210954939D29418699DFD1152" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_DCDC2497E928D3B7857718699DFD37F3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RepaymentsOfSeniorDebt" xlink:label="loc_us-gaap_RepaymentsOfSeniorDebt_7EC223C8395964EE55F018699DFD5C3F" 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_NetCashProvidedByUsedInFinancingActivitiesAbstract_ADE807F210954939D29418699DFD1152" xlink:to="loc_us-gaap_RepaymentsOfSeniorDebt_7EC223C8395964EE55F018699DFD5C3F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities_A6A327A096E74CEF69E318699DFD85DD" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_ADE807F210954939D29418699DFD1152" xlink:to="loc_us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities_A6A327A096E74CEF69E318699DFD85DD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_217BF5B922DF1858617A18699DFDB4F9" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_ADE807F210954939D29418699DFD1152" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_217BF5B922DF1858617A18699DFDB4F9" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_DividendsPaidToCommonAndPreferredShareholders" xlink:label="loc_frt_DividendsPaidToCommonAndPreferredShareholders_737A44651FA36201068018699DFDA09B" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_ADE807F210954939D29418699DFD1152" xlink:to="loc_frt_DividendsPaidToCommonAndPreferredShareholders_737A44651FA36201068018699DFDA09B" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Paymentsofdividendsandredemptionsminorityinterest" xlink:label="loc_frt_Paymentsofdividendsandredemptionsminorityinterest_DD51BA860E6C0906266E18699DFD5FBA" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_ADE807F210954939D29418699DFD1152" xlink:to="loc_frt_Paymentsofdividendsandredemptionsminorityinterest_DD51BA860E6C0906266E18699DFD5FBA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_E6F95666F2D822E3506018699DFD8750" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_ADE807F210954939D29418699DFD1152" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_E6F95666F2D822E3506018699DFD8750" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_FA587CA00BB90889884918699DFD8C27" 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_ADE807F210954939D29418699DFD1152" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_FA587CA00BB90889884918699DFD8C27" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_D108B48832B21A1B9D7418699DFDF18E" 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_StatementOfCashFlowsAbstract_4B629715C44D514DBB9018699DFDA5AE" xlink:to="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_D108B48832B21A1B9D7418699DFDF18E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_BB78B27B1EE8BDC1168118699DFD1CE4" 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_StatementOfCashFlowsAbstract_4B629715C44D514DBB9018699DFDA5AE" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_BB78B27B1EE8BDC1168118699DFD1CE4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_599CADD16158782E13CE18699DFDC41A" 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_StatementOfCashFlowsAbstract_4B629715C44D514DBB9018699DFDA5AE" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_599CADD16158782E13CE18699DFDC41A" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="loc_us-gaap_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="loc_us-gaap_RevenuesAbstract_E4B0C52CB5515D08AB0E02990BE294BD" 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_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_RevenuesAbstract_E4B0C52CB5515D08AB0E02990BE294BD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:label="loc_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_C2463FDDC55E9AE2970102990BE85B56" 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_RevenuesAbstract_E4B0C52CB5515D08AB0E02990BE294BD" xlink:to="loc_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_C2463FDDC55E9AE2970102990BE85B56" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherRealEstateRevenue" xlink:label="loc_us-gaap_OtherRealEstateRevenue_A82996E28478612B139502990BE8963D" 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_E4B0C52CB5515D08AB0E02990BE294BD" xlink:to="loc_us-gaap_OtherRealEstateRevenue_A82996E28478612B139502990BE8963D" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_RevenueMortgageInterest" xlink:label="loc_frt_RevenueMortgageInterest_F7E8314A1A97631D63BB02990BE8DD60" 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_E4B0C52CB5515D08AB0E02990BE294BD" xlink:to="loc_frt_RevenueMortgageInterest_F7E8314A1A97631D63BB02990BE8DD60" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Revenues" xlink:label="loc_us-gaap_Revenues_60A7830C07C0292A14B902990BE8CE1E" 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_E4B0C52CB5515D08AB0E02990BE294BD" xlink:to="loc_us-gaap_Revenues_60A7830C07C0292A14B902990BE8CE1E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="loc_us-gaap_OperatingExpensesAbstract_8B12BC69F5EDCB7B387502990BE84687" 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_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_OperatingExpensesAbstract_8B12BC69F5EDCB7B387502990BE84687" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:label="loc_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_9A4FD79E1A0C28C5675D02990BE8177A" 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_8B12BC69F5EDCB7B387502990BE84687" xlink:to="loc_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_9A4FD79E1A0C28C5675D02990BE8177A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateTaxExpense" xlink:label="loc_us-gaap_RealEstateTaxExpense_552BAEED376F919543D902990BE81885" 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_8B12BC69F5EDCB7B387502990BE84687" xlink:to="loc_us-gaap_RealEstateTaxExpense_552BAEED376F919543D902990BE81885" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_AE268479C6C757C0A27C02990BE97027" 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_8B12BC69F5EDCB7B387502990BE84687" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_AE268479C6C757C0A27C02990BE97027" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="loc_us-gaap_DepreciationAndAmortization_4096A9BB7781DE0B729202990BE9ECF4" 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_8B12BC69F5EDCB7B387502990BE84687" xlink:to="loc_us-gaap_DepreciationAndAmortization_4096A9BB7781DE0B729202990BE9ECF4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="loc_us-gaap_OperatingExpenses_02AFF09F829AD2EAADA002990BE97B6D" 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_8B12BC69F5EDCB7B387502990BE84687" xlink:to="loc_us-gaap_OperatingExpenses_02AFF09F829AD2EAADA002990BE97B6D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_FF3ADEC49572FF801F7D02990BE92398" 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_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_OperatingIncomeLoss_FF3ADEC49572FF801F7D02990BE92398" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeOther" xlink:label="loc_us-gaap_InterestIncomeOther_95964DF0F362D3E01F3502990BE9E4A7" 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_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_InterestIncomeOther_95964DF0F362D3E01F3502990BE9E4A7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_CEC30BB690F3A529D2D302990BEED99C" 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_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_InterestExpense_CEC30BB690F3A529D2D302990BEED99C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_C32DDE6AA32FF9DBCA1902990BEEC485" 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_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_C32DDE6AA32FF9DBCA1902990BEEC485" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_C4B1F01918524363B0DD02990BEF62C0" 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_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_C4B1F01918524363B0DD02990BEF62C0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_21A7BEA840449BEE32A502990BEFC92A" 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_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_21A7BEA840449BEE32A502990BEFC92A" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Gainlossonchangeincontrolofinterestsandsaleofrealestate" xlink:label="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestate_793BFC64D5BD7DE988A902990BEF240E" 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_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestate_793BFC64D5BD7DE988A902990BEF240E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_764F252E5868935F266202990BEFDDD6" xlink:type="locator" />
    <presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_ProfitLoss_764F252E5868935F266202990BEFDDD6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_E960CEA021461B274A7102990BEFD0A1" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_E960CEA021461B274A7102990BEFD0A1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_15896B65C38A679A089D02990BEFB8A2" 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_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_NetIncomeLoss_15896B65C38A679A089D02990BEFB8A2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_1A4027475448D60184B902990BEF4C4D" xlink:type="locator" />
    <presentationArc order="13" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_1A4027475448D60184B902990BEF4C4D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_BDED387A3A61A357938F02990BEF6D13" 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_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_BDED387A3A61A357938F02990BEF6D13" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="loc_us-gaap_EarningsPerShareBasicAbstract_4AFA3B4260ECC5727D3202990BEF05F1" xlink:type="locator" />
    <presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_EarningsPerShareBasicAbstract_4AFA3B4260ECC5727D3202990BEF05F1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_62B607E1E31DE64D534C02990BEFC0FE" 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_EarningsPerShareBasicAbstract_4AFA3B4260ECC5727D3202990BEF05F1" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_62B607E1E31DE64D534C02990BEFC0FE" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenetperbasicshare" xlink:label="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenetperbasicshare_AFBB17F2D419BD01D14302990BEFA111" 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_EarningsPerShareBasicAbstract_4AFA3B4260ECC5727D3202990BEF05F1" xlink:to="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenetperbasicshare_AFBB17F2D419BD01D14302990BEFA111" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_F8C67F14F692F91B328402990BEF0E08" 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_4AFA3B4260ECC5727D3202990BEF05F1" xlink:to="loc_us-gaap_EarningsPerShareBasic_F8C67F14F692F91B328402990BEF0E08" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_46F7F5B584DEACDD153F02990BF0C326" 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_EarningsPerShareBasicAbstract_4AFA3B4260ECC5727D3202990BEF05F1" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_46F7F5B584DEACDD153F02990BF0C326" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="loc_us-gaap_EarningsPerShareDilutedAbstract_CCC691A4478F5856A24802990BF5BC4A" 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_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_EarningsPerShareDilutedAbstract_CCC691A4478F5856A24802990BF5BC4A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_F8FA73EE2DD061F2AC4A02990BF5DE42" 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_EarningsPerShareDilutedAbstract_CCC691A4478F5856A24802990BF5BC4A" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_F8FA73EE2DD061F2AC4A02990BF5DE42" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenetperdilutedshare" xlink:label="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenetperdilutedshare_4AC6320B7A5BFB89D8E302990BF5CCCF" 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_EarningsPerShareDilutedAbstract_CCC691A4478F5856A24802990BF5BC4A" xlink:to="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenetperdilutedshare_4AC6320B7A5BFB89D8E302990BF5CCCF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_48E065D8415CA4B519FC02990BF57ABD" 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_CCC691A4478F5856A24802990BF5BC4A" xlink:to="loc_us-gaap_EarningsPerShareDiluted_48E065D8415CA4B519FC02990BF57ABD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_FC4964ECFCFC2C97661802990BF5366A" 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_EarningsPerShareDilutedAbstract_CCC691A4478F5856A24802990BF5BC4A" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_FC4964ECFCFC2C97661802990BF5366A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_1E9BF257024674F57FFD02990BF659F5" 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_us-gaap_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_1E9BF257024674F57FFD02990BF659F5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_8C60B7D63CA33659816702990BF6C703" 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_IncomeStatementAbstract_ECCFB12A46A556142E3402990BE2BDBD" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_8C60B7D63CA33659816702990BF6C703" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentsAbstract" xlink:label="loc_us-gaap_DebtInstrumentsAbstract_D1A3F1FE29605B81B4619AADC23F01F0" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_2A057E4105325C31BF72FEE038F6F877" 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_D1A3F1FE29605B81B4619AADC23F01F0" xlink:to="loc_us-gaap_DebtDisclosureTextBlock_2A057E4105325C31BF72FEE038F6F877" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentsAbstract" xlink:label="loc_us-gaap_DebtInstrumentsAbstract_54B2CEA3E6EB2072AEA71B11D96F5A62" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="loc_us-gaap_DebtInstrumentTable_D90DFFF0947826877F3F1B11D974EF8D" 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_54B2CEA3E6EB2072AEA71B11D96F5A62" xlink:to="loc_us-gaap_DebtInstrumentTable_D90DFFF0947826877F3F1B11D974EF8D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_D84A1B847406803A53081B11D975F094" 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_D90DFFF0947826877F3F1B11D974EF8D" xlink:to="loc_us-gaap_DebtInstrumentAxis_D84A1B847406803A53081B11D975F094" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_70C4683FF695D193FC841B11D975D60C" 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_DebtInstrumentAxis_D84A1B847406803A53081B11D975F094" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_70C4683FF695D193FC841B11D975D60C" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_A3.625SeniornotesMember" xlink:label="loc_frt_A3.625SeniornotesMember_BEAF1BD9AC4472E62FAE1B11D9755BBA" 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_70C4683FF695D193FC841B11D975D60C" xlink:to="loc_frt_A3.625SeniornotesMember_BEAF1BD9AC4472E62FAE1B11D9755BBA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="loc_us-gaap_LineOfCreditMember_9BD85AFF32839E01710C1B11D9762F58" 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_70C4683FF695D193FC841B11D975D60C" xlink:to="loc_us-gaap_LineOfCreditMember_9BD85AFF32839E01710C1B11D9762F58" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_AECD92B6DF13481779F51B11D9762626" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_D90DFFF0947826877F3F1B11D974EF8D" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_AECD92B6DF13481779F51B11D9762626" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_D64C303BAD5A41A9D8721B11D976F428" 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_LongtermDebtTypeAxis_AECD92B6DF13481779F51B11D9762626" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_D64C303BAD5A41A9D8721B11D976F428" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MortgagesMember" xlink:label="loc_us-gaap_MortgagesMember_D507D2A78D096353C85A1B11D976BFC9" 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_LongtermDebtTypeDomain_D64C303BAD5A41A9D8721B11D976F428" xlink:to="loc_us-gaap_MortgagesMember_D507D2A78D096353C85A1B11D976BFC9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SeniorNotesMember" xlink:label="loc_us-gaap_SeniorNotesMember_81D0E79F85838C4ABA431B11D976057F" 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_LongtermDebtTypeDomain_D64C303BAD5A41A9D8721B11D976F428" xlink:to="loc_us-gaap_SeniorNotesMember_81D0E79F85838C4ABA431B11D976057F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_CC82407DE6BC1664B5D81B11D97B7C96" 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_D90DFFF0947826877F3F1B11D974EF8D" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_CC82407DE6BC1664B5D81B11D97B7C96" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_241CD80F1B1DFD2293B41B11D97BA164" 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_CC82407DE6BC1664B5D81B11D97B7C96" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_241CD80F1B1DFD2293B41B11D97BA164" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_ClarionMember" xlink:label="loc_frt_ClarionMember_3D35D7C10C5B9C7D47091B11D97B33A7" 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_BusinessAcquisitionAcquireeDomain_241CD80F1B1DFD2293B41B11D97BA164" xlink:to="loc_frt_ClarionMember_3D35D7C10C5B9C7D47091B11D97B33A7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_CD426061F7C4540F67101B11D97B517F" 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_DebtInstrumentTable_D90DFFF0947826877F3F1B11D974EF8D" xlink:to="loc_us-gaap_DebtInstrumentLineItems_CD426061F7C4540F67101B11D97B517F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_6192FE1E07AB978603481B11D97B22EA" 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_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_6192FE1E07AB978603481B11D97B22EA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_B8052BFED7FB18C4D8D21B11D97C114A" 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_DebtInstrumentLineItems_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_B8052BFED7FB18C4D8D21B11D97C114A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="loc_us-gaap_DebtInstrumentFairValue_FF28E0AB552DCDC50FE11B11D97C1B8A" 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_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_us-gaap_DebtInstrumentFairValue_FF28E0AB552DCDC50FE11B11D97C1B8A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_45FAAE6F15D6A327707D1B11D97C71A2" 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_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_us-gaap_DebtWeightedAverageInterestRate_45FAAE6F15D6A327707D1B11D97C71A2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_9EA927D82C2D4C4927D81B11D97CDCD9" 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_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_9EA927D82C2D4C4927D81B11D97CDCD9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_D049B4586C9FF7A50E641B11D97C1F54" 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_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_D049B4586C9FF7A50E641B11D97C1F54" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Lineofcreditfacilityoptiontoincreaseamount" xlink:label="loc_frt_Lineofcreditfacilityoptiontoincreaseamount_917F445701D8714E2D541B11D97CECD4" 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_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_frt_Lineofcreditfacilityoptiontoincreaseamount_917F445701D8714E2D541B11D97CECD4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_10DFFC834092931D87411B11D97C87A7" 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_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_10DFFC834092931D87411B11D97C87A7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_679520A99026F3041E9B1B11D981BF3E" 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_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_679520A99026F3041E9B1B11D981BF3E" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_NoteOfferingPercent" xlink:label="loc_frt_NoteOfferingPercent_0AAF246FDE1CBF9D3A601B11D98204AA" 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_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_frt_NoteOfferingPercent_0AAF246FDE1CBF9D3A601B11D98204AA" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_DebtYieldToMaturityPercent" xlink:label="loc_frt_DebtYieldToMaturityPercent_77B7C0121F90475DDE121B11D98224AB" 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_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_frt_DebtYieldToMaturityPercent_77B7C0121F90475DDE121B11D98224AB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_950B84ACED189BC60A581B11D982A4A1" 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_DebtInstrumentLineItems_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_950B84ACED189BC60A581B11D982A4A1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod_2CCB55C646C6CF366AD41B11D982A936" 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_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod_2CCB55C646C6CF366AD41B11D982A936" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_LineofcreditfacilityweightedaverageinterestratebeforeamortizationofdebtFees" xlink:label="loc_frt_LineofcreditfacilityweightedaverageinterestratebeforeamortizationofdebtFees_77DA550E045E1D27D3E91B11D98234A9" 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_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_frt_LineofcreditfacilityweightedaverageinterestratebeforeamortizationofdebtFees_77DA550E045E1D27D3E91B11D98234A9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityAverageOutstandingAmount" xlink:label="loc_us-gaap_LineOfCreditFacilityAverageOutstandingAmount_FB9129658B963F5B914E1B11D98285E3" xlink:type="locator" />
    <presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_CD426061F7C4540F67101B11D97B517F" xlink:to="loc_us-gaap_LineOfCreditFacilityAverageOutstandingAmount_FB9129658B963F5B914E1B11D98285E3" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/DocumentAndEntityInformationDocument" xlink:type="extended">
    <loc xlink:href="frt-20160930.xsd#frt_DocumentAndEntityInformationAbstract" xlink:label="loc_frt_DocumentAndEntityInformationAbstract_088E2786F0B75BE7B555E106E0B28E16" xlink:type="locator" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_BEFCBB69489C5182A526EE602BDF2ACB" 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_088E2786F0B75BE7B555E106E0B28E16" xlink:to="loc_dei_EntityRegistrantName_BEFCBB69489C5182A526EE602BDF2ACB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_CEB8D9B471485A708990A9DEC592CB73" 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_DocumentAndEntityInformationAbstract_088E2786F0B75BE7B555E106E0B28E16" xlink:to="loc_dei_EntityCentralIndexKey_CEB8D9B471485A708990A9DEC592CB73" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_dei_CurrentFiscalYearEndDate_9A0D488A15D253A9B9AF108B5F768F55" 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_DocumentAndEntityInformationAbstract_088E2786F0B75BE7B555E106E0B28E16" xlink:to="loc_dei_CurrentFiscalYearEndDate_9A0D488A15D253A9B9AF108B5F768F55" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="loc_dei_EntityFilerCategory_2BEF3EC6FA9F5AD88BA41A9C8DCFB7F8" 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_DocumentAndEntityInformationAbstract_088E2786F0B75BE7B555E106E0B28E16" xlink:to="loc_dei_EntityFilerCategory_2BEF3EC6FA9F5AD88BA41A9C8DCFB7F8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType_2CCF158F3A6D52CE98AD9E556E799FF1" 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_DocumentAndEntityInformationAbstract_088E2786F0B75BE7B555E106E0B28E16" xlink:to="loc_dei_DocumentType_2CCF158F3A6D52CE98AD9E556E799FF1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate_DF648FE911B45879BAF428B92B31FC10" 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_DocumentAndEntityInformationAbstract_088E2786F0B75BE7B555E106E0B28E16" xlink:to="loc_dei_DocumentPeriodEndDate_DF648FE911B45879BAF428B92B31FC10" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus_7A5B48A592C45DEAB69585B6E7F7A2FA" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_DocumentAndEntityInformationAbstract_088E2786F0B75BE7B555E106E0B28E16" xlink:to="loc_dei_DocumentFiscalYearFocus_7A5B48A592C45DEAB69585B6E7F7A2FA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_dei_DocumentFiscalPeriodFocus_9EC662C6804F5DF39F3DD1B08980D40F" 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_DocumentAndEntityInformationAbstract_088E2786F0B75BE7B555E106E0B28E16" xlink:to="loc_dei_DocumentFiscalPeriodFocus_9EC662C6804F5DF39F3DD1B08980D40F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag_C19F66856C595711A04F3C114C2FCC92" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_DocumentAndEntityInformationAbstract_088E2786F0B75BE7B555E106E0B28E16" xlink:to="loc_dei_AmendmentFlag_C19F66856C595711A04F3C114C2FCC92" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_9C155206D0B6510F871824A62939C011" 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_DocumentAndEntityInformationAbstract_088E2786F0B75BE7B555E106E0B28E16" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_9C155206D0B6510F871824A62939C011" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_96049F7000525C15A4A608B0B5F43463" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_C24ACBA876845825A389359EA5AF592C" 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_96049F7000525C15A4A608B0B5F43463" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_C24ACBA876845825A389359EA5AF592C" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_56B88DFD1F3D27CA2032FE9BC065C384" xlink:type="locator" />
    <loc xlink:href="frt-20160930.xsd#frt_EarningsPerShareNarrativeTable" xlink:label="loc_frt_EarningsPerShareNarrativeTable_514B307EB357496EAA3BFE9BC0657AF8" 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_56B88DFD1F3D27CA2032FE9BC065C384" xlink:to="loc_frt_EarningsPerShareNarrativeTable_514B307EB357496EAA3BFE9BC0657AF8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_49D55329EBDEB09C295AFE9BC066BA36" 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_514B307EB357496EAA3BFE9BC0657AF8" xlink:to="loc_us-gaap_StatementClassOfStockAxis_49D55329EBDEB09C295AFE9BC066BA36" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_7E9CA5545A05B8F0A74CFE9BC0666DE7" 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_49D55329EBDEB09C295AFE9BC066BA36" xlink:to="loc_us-gaap_ClassOfStockDomain_7E9CA5545A05B8F0A74CFE9BC0666DE7" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_A5417Series1CumulativeConvertiblePreferredMember" xlink:label="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_B899AC88DA5B4BA090E2FE9BC0663AD1" 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_7E9CA5545A05B8F0A74CFE9BC0666DE7" xlink:to="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_B899AC88DA5B4BA090E2FE9BC0663AD1" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_EarningsPerShareNarrativeLineItems" xlink:label="loc_frt_EarningsPerShareNarrativeLineItems_EEB5F263806BAE11EBD4FE9BC067A05F" 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_514B307EB357496EAA3BFE9BC0657AF8" xlink:to="loc_frt_EarningsPerShareNarrativeLineItems_EEB5F263806BAE11EBD4FE9BC067A05F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_FC161EF43C8BC6F8598FFE9BC067E44D" 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_EEB5F263806BAE11EBD4FE9BC067A05F" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_FC161EF43C8BC6F8598FFE9BC067E44D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_90CAA4A765FAB64EBF87FE9BC067A6D5" 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_EEB5F263806BAE11EBD4FE9BC067A05F" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_90CAA4A765FAB64EBF87FE9BC067A6D5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="loc_us-gaap_PreferredStockDividendRatePercentage_D39034383017C64B8E9DFE9BC0671050" 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_EEB5F263806BAE11EBD4FE9BC067A05F" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_D39034383017C64B8E9DFE9BC0671050" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_E88E27634B86C6A32AC7FE9BC0514743" 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_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_us-gaap_StatementTable_E88E27634B86C6A32AC7FE9BC0514743" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_BCD749D0F089E311A00CFE9BC0510E96" 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_E88E27634B86C6A32AC7FE9BC0514743" xlink:to="loc_us-gaap_StatementScenarioAxis_BCD749D0F089E311A00CFE9BC0510E96" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_DD5D28C514C865554A4BFE9BC0514015" 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_BCD749D0F089E311A00CFE9BC0510E96" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_DD5D28C514C865554A4BFE9BC0514015" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_D5BB0018D213584B8131FE9BC0514A10" 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_E88E27634B86C6A32AC7FE9BC0514743" xlink:to="loc_us-gaap_StatementClassOfStockAxis_D5BB0018D213584B8131FE9BC0514A10" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_40819851268086506114FE9BC05101AA" 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_D5BB0018D213584B8131FE9BC0514A10" xlink:to="loc_us-gaap_ClassOfStockDomain_40819851268086506114FE9BC05101AA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_0F83C10A362A4CEF2DA2FE9BC0525F0A" 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_E88E27634B86C6A32AC7FE9BC0514743" xlink:to="loc_us-gaap_StatementLineItems_0F83C10A362A4CEF2DA2FE9BC0525F0A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_0E0A233821C908910661FE9BC0523E14" 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_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_0E0A233821C908910661FE9BC0523E14" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_23FD43B3286DE6B8D0BEFE9BC052B557" 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_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_23FD43B3286DE6B8D0BEFE9BC052B557" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate" xlink:label="loc_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_65F8F72613A039035FDDFE9BC0570700" 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_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_frt_Netincomeattributabletononcontrollinginterestsnetofamountsfromgainonrealestate_65F8F72613A039035FDDFE9BC0570700" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_EarningsAllocatedToUnvestedShares" xlink:label="loc_frt_EarningsAllocatedToUnvestedShares_04E3D4A527C0340FC1B1FE9BC0573528" 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_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_frt_EarningsAllocatedToUnvestedShares_04E3D4A527C0340FC1B1FE9BC0573528" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders" xlink:label="loc_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_490D68B974537AC74D72FE9BC057FDDC" 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_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_490D68B974537AC74D72FE9BC057FDDC" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenet" xlink:label="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenet_506CC54CD529430B3BA8FE9BC05732EF" 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_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenet_506CC54CD529430B3BA8FE9BC05732EF" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted" xlink:label="loc_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_F312A1634D95FE0401DAFE9BC05728A8" 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_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_F312A1634D95FE0401DAFE9BC05728A8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_15129CB7FFAF5461ACDFFE9BC058EAAF" 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_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_15129CB7FFAF5461ACDFFE9BC058EAAF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_1D73F061608F1FA9F63AFE9BC059EDD5" 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_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_1D73F061608F1FA9F63AFE9BC059EDD5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_3EA85A416F6A255924F9FE9BC059A2FE" 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_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_3EA85A416F6A255924F9FE9BC059A2FE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_A3AFC7C80491F49D299AFE9BC0596A2A" xlink:type="locator" />
    <presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_A3AFC7C80491F49D299AFE9BC0596A2A" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenetperbasicshare" xlink:label="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenetperbasicshare_4AE4817546710563B32BFE9BC05903F5" 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_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenetperbasicshare_4AE4817546710563B32BFE9BC05903F5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_88B6D9E911CDF77AE297FE9BC05928E1" 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_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_us-gaap_EarningsPerShareBasic_88B6D9E911CDF77AE297FE9BC05928E1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_99D1F019F8DD609706A9FE9BC0593467" xlink:type="locator" />
    <presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_99D1F019F8DD609706A9FE9BC0593467" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenetperdilutedshare" xlink:label="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenetperdilutedshare_AAE7168531EDFC5B7266FE9BC0598960" 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_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_frt_Gainlossonchangeincontrolofinterestsandsaleofrealestatenetperdilutedshare_AAE7168531EDFC5B7266FE9BC0598960" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_C3AA465AD6AB65F58509FE9BC05A9836" 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_us-gaap_EarningsPerShareAbstract_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_us-gaap_EarningsPerShareDiluted_C3AA465AD6AB65F58509FE9BC05A9836" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperations" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperations_72509DF8708912FC9DD3FE9BC05A7F9B" 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_376593EBA3730B20A357FE9BC050B882" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperations_72509DF8708912FC9DD3FE9BC05A7F9B" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_D8D7E0BF31F75C6BA012A541A8FD1089" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_D3C73695CDDE5F1581E67C0DD5D5886B" 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_D8D7E0BF31F75C6BA012A541A8FD1089" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_D3C73695CDDE5F1581E67C0DD5D5886B" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_C7847B53244A59FC80F50C12B7679A88" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="loc_us-gaap_FairValueDisclosuresTextBlock_58C6760087C85316AA59EF60DEE7451E" 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_C7847B53244A59FC80F50C12B7679A88" xlink:to="loc_us-gaap_FairValueDisclosuresTextBlock_58C6760087C85316AA59EF60DEE7451E" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_C4235EA490F85C1D119517D13BEF6E54" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTable_0192916812B17A7D8E3D17D13BEF1FD0" 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_C4235EA490F85C1D119517D13BEF6E54" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTable_0192916812B17A7D8E3D17D13BEF1FD0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_EE2BBEB15CC2B955BB6117D13BEFA94A" 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_FairValueByBalanceSheetGroupingTable_0192916812B17A7D8E3D17D13BEF1FD0" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_EE2BBEB15CC2B955BB6117D13BEFA94A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_7322AA789FB61176D54217D13BEF6F4B" 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_DerivativeInstrumentRiskAxis_EE2BBEB15CC2B955BB6117D13BEFA94A" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_7322AA789FB61176D54217D13BEF6F4B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="loc_us-gaap_InterestRateSwapMember_DA7394D13CCC95B79C2717D13BEF58C1" 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_DerivativeContractTypeDomain_7322AA789FB61176D54217D13BEF6F4B" xlink:to="loc_us-gaap_InterestRateSwapMember_DA7394D13CCC95B79C2717D13BEF58C1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_1A0A29EB2F82EAA0ECCC17D13BEF63DA" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_0192916812B17A7D8E3D17D13BEF1FD0" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_1A0A29EB2F82EAA0ECCC17D13BEF63DA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_EE05803A2D2615E5183D17D13BEF7F7E" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_1A0A29EB2F82EAA0ECCC17D13BEF63DA" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_EE05803A2D2615E5183D17D13BEF7F7E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_BBD443DBA94CCF31D0F917D13BEF3FB5" 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_EE05803A2D2615E5183D17D13BEF7F7E" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_BBD443DBA94CCF31D0F917D13BEF3FB5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_1AFBB9CA43C46CD36B1217D13BEF448E" 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_FairValueByBalanceSheetGroupingTable_0192916812B17A7D8E3D17D13BEF1FD0" xlink:to="loc_us-gaap_BalanceSheetLocationAxis_1AFBB9CA43C46CD36B1217D13BEF448E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_FF0982D0BFA4C001490417D13BEF4211" 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_BalanceSheetLocationAxis_1AFBB9CA43C46CD36B1217D13BEF448E" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_FF0982D0BFA4C001490417D13BEF4211" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesMember" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_D326B286010214CAA87917D13BEF2B0E" 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_BalanceSheetLocationDomain_FF0982D0BFA4C001490417D13BEF4211" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_D326B286010214CAA87917D13BEF2B0E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_9A5A86FD90B205A4ECB817D13BEF0ED3" xlink:type="locator" />
    <presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_0192916812B17A7D8E3D17D13BEF1FD0" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_9A5A86FD90B205A4ECB817D13BEF0ED3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_385098F6BE3CD429780617D13BEFA2C3" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_9A5A86FD90B205A4ECB817D13BEF0ED3" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_385098F6BE3CD429780617D13BEFA2C3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_7906A261427DDECE340117D13BEFDDBE" 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_FairValueMeasurementFrequencyDomain_385098F6BE3CD429780617D13BEFA2C3" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_7906A261427DDECE340117D13BEFDDBE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_81A0C478351BFADD3A5017D13BEF9C63" 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_FairValueByBalanceSheetGroupingTable_0192916812B17A7D8E3D17D13BEF1FD0" xlink:to="loc_us-gaap_DebtInstrumentAxis_81A0C478351BFADD3A5017D13BEF9C63" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_6FFF4F47B0908F62285217D13BEFC6B2" 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_DebtInstrumentAxis_81A0C478351BFADD3A5017D13BEF9C63" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_6FFF4F47B0908F62285217D13BEFC6B2" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_TermLoanMember" xlink:label="loc_frt_TermLoanMember_4712C05D045311DAB82217D13BEF4B9D" 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_6FFF4F47B0908F62285217D13BEFC6B2" xlink:to="loc_frt_TermLoanMember_4712C05D045311DAB82217D13BEF4B9D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:label="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_348DCEF40022E4A8A94417D13BEF742E" 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_FairValueByBalanceSheetGroupingTable_0192916812B17A7D8E3D17D13BEF1FD0" xlink:to="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_348DCEF40022E4A8A94417D13BEF742E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NumberOfInterestRateDerivativesHeld" xlink:label="loc_us-gaap_NumberOfInterestRateDerivativesHeld_09DD441D831D1D69487F17D13BEFAB80" 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_348DCEF40022E4A8A94417D13BEF742E" xlink:to="loc_us-gaap_NumberOfInterestRateDerivativesHeld_09DD441D831D1D69487F17D13BEFAB80" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLiabilityNotionalAmount" xlink:label="loc_us-gaap_DerivativeLiabilityNotionalAmount_5CD7E95181871963E6E517D13BEF1EC0" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_348DCEF40022E4A8A94417D13BEF742E" xlink:to="loc_us-gaap_DerivativeLiabilityNotionalAmount_5CD7E95181871963E6E517D13BEF1EC0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNotesPayable" xlink:label="loc_us-gaap_OtherNotesPayable_8595DA5DED5FD83D54A517D13BEF0058" 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_348DCEF40022E4A8A94417D13BEF742E" xlink:to="loc_us-gaap_OtherNotesPayable_8595DA5DED5FD83D54A517D13BEF0058" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeFixedInterestRate" xlink:label="loc_us-gaap_DerivativeFixedInterestRate_424EFA22954754D7051517D13BEF9301" 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_348DCEF40022E4A8A94417D13BEF742E" xlink:to="loc_us-gaap_DerivativeFixedInterestRate_424EFA22954754D7051517D13BEF9301" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet" xlink:label="loc_us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet_ABA8769F03E60734C53D17D13BEF058C" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_348DCEF40022E4A8A94417D13BEF742E" xlink:to="loc_us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet_ABA8769F03E60734C53D17D13BEF058C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_59AB37C070B8E0893D0B17D13BEFD5D1" 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_348DCEF40022E4A8A94417D13BEF742E" xlink:to="loc_us-gaap_DerivativeLiabilities_59AB37C070B8E0893D0B17D13BEFD5D1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_1F3AAB4C2A72D54C111017D13BEFBF9F" 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_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_348DCEF40022E4A8A94417D13BEF742E" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_1F3AAB4C2A72D54C111017D13BEFBF9F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" xlink:label="loc_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_B6A54B7C05363508A24717D13BEFCF14" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_348DCEF40022E4A8A94417D13BEF742E" xlink:to="loc_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_B6A54B7C05363508A24717D13BEFCF14" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsSummaryOfCarryingValueAndFairValueOfFinancialInstrumentsDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_176410A04C90579FB29F4EDEBCC1F90D" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTable_110DEEBFF5655239BE7775986FDA75F5" 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_176410A04C90579FB29F4EDEBCC1F90D" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTable_110DEEBFF5655239BE7775986FDA75F5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_6BF6C481E37B5E6B99F12EFA8E48B7EA" 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_FairValueByBalanceSheetGroupingTable_110DEEBFF5655239BE7775986FDA75F5" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_6BF6C481E37B5E6B99F12EFA8E48B7EA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_F5681547ED245BCB83152661EDE1C7B7" 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_LongtermDebtTypeAxis_6BF6C481E37B5E6B99F12EFA8E48B7EA" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_F5681547ED245BCB83152661EDE1C7B7" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_MortgagesPayableAndNotesPayableMember" xlink:label="loc_frt_MortgagesPayableAndNotesPayableMember_2F16018EC4DD586683D89AC8678BEA38" 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_LongtermDebtTypeDomain_F5681547ED245BCB83152661EDE1C7B7" xlink:to="loc_frt_MortgagesPayableAndNotesPayableMember_2F16018EC4DD586683D89AC8678BEA38" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_SeniorNotesAndDebenturesMember" xlink:label="loc_frt_SeniorNotesAndDebenturesMember_05BA0385791E54C2BC6F0B6C4F78A7C5" 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_LongtermDebtTypeDomain_F5681547ED245BCB83152661EDE1C7B7" xlink:to="loc_frt_SeniorNotesAndDebenturesMember_05BA0385791E54C2BC6F0B6C4F78A7C5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis_CFDB5802BBDD5B09BBC809DD631248A8" 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_FairValueByBalanceSheetGroupingTable_110DEEBFF5655239BE7775986FDA75F5" xlink:to="loc_us-gaap_FairValueByMeasurementBasisAxis_CFDB5802BBDD5B09BBC809DD631248A8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_4F8DDD6317025149AFE720F99A2A13B3" 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_FairValueByMeasurementBasisAxis_CFDB5802BBDD5B09BBC809DD631248A8" xlink:to="loc_us-gaap_FairValueDisclosureItemAmountsDomain_4F8DDD6317025149AFE720F99A2A13B3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_20C1BE8918515C22BF0B521F69B8C2A9" 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_4F8DDD6317025149AFE720F99A2A13B3" xlink:to="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_20C1BE8918515C22BF0B521F69B8C2A9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_801DD0489F745404ABD44CB38384AD56" 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_PortionAtFairValueFairValueDisclosureMember_20C1BE8918515C22BF0B521F69B8C2A9" xlink:to="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_801DD0489F745404ABD44CB38384AD56" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_D8802B8367755F71A6A4552EE1245401" 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_PortionAtFairValueFairValueDisclosureMember_20C1BE8918515C22BF0B521F69B8C2A9" xlink:to="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_D8802B8367755F71A6A4552EE1245401" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:label="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_F1F8742F6A5E51799D2DF3AB01A79286" 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_FairValueByBalanceSheetGroupingTable_110DEEBFF5655239BE7775986FDA75F5" xlink:to="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_F1F8742F6A5E51799D2DF3AB01A79286" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue_570B05E6F9665194B90331FB9B5DF8FB" 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_F1F8742F6A5E51799D2DF3AB01A79286" xlink:to="loc_us-gaap_LongTermDebtFairValue_570B05E6F9665194B90331FB9B5DF8FB" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsSummaryOfFinancialLiabilitiesMeasuredOnRecurringBasisDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_0D5D970728B6CF7B1AEA17D13BE0756D" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_31AC342F133E30A80E6217D13BE03386" 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_0D5D970728B6CF7B1AEA17D13BE0756D" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_31AC342F133E30A80E6217D13BE03386" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_B5E1A6385A1EF69C287E17D13BE0939A" 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_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_31AC342F133E30A80E6217D13BE03386" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_B5E1A6385A1EF69C287E17D13BE0939A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_CF878EA4AC477A01910F17D13BE0C796" 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_DerivativeInstrumentRiskAxis_B5E1A6385A1EF69C287E17D13BE0939A" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_CF878EA4AC477A01910F17D13BE0C796" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="loc_us-gaap_InterestRateSwapMember_61EC21A214C7859D10D217D13BE05D18" 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_DerivativeContractTypeDomain_CF878EA4AC477A01910F17D13BE0C796" xlink:to="loc_us-gaap_InterestRateSwapMember_61EC21A214C7859D10D217D13BE05D18" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_247D5C3781697AD5BDAB17D13BEF5D36" 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_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_31AC342F133E30A80E6217D13BE03386" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_247D5C3781697AD5BDAB17D13BEF5D36" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_6D3810A5319AB15AD8FE17D13BEFB0BE" 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_FairValueByMeasurementFrequencyAxis_247D5C3781697AD5BDAB17D13BEF5D36" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_6D3810A5319AB15AD8FE17D13BEFB0BE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_DF0B978CE7AD37434F4117D13BEF9428" 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_FairValueMeasurementFrequencyDomain_6D3810A5319AB15AD8FE17D13BEFB0BE" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_DF0B978CE7AD37434F4117D13BEF9428" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D66247CE6B7FF130357F17D13BEFAAAF" 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_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_31AC342F133E30A80E6217D13BE03386" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D66247CE6B7FF130357F17D13BEFAAAF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_67C0002884DD2BEF5A0217D13BEF4CCF" 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_FairValueByFairValueHierarchyLevelAxis_D66247CE6B7FF130357F17D13BEFAAAF" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_67C0002884DD2BEF5A0217D13BEF4CCF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_9B1196D21CDBCC5C28CE17D13BEF12A9" 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_67C0002884DD2BEF5A0217D13BEF4CCF" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_9B1196D21CDBCC5C28CE17D13BEF12A9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_F82629B603741E22522717D13BEFA6FC" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_67C0002884DD2BEF5A0217D13BEF4CCF" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_F82629B603741E22522717D13BEFA6FC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_986F279B469E2DC8720917D13BEF669C" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_67C0002884DD2BEF5A0217D13BEF4CCF" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_986F279B469E2DC8720917D13BEF669C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_84EA7E4FAD70DC87567B17D13BEF73B7" 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_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_31AC342F133E30A80E6217D13BE03386" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_84EA7E4FAD70DC87567B17D13BEF73B7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_505B1636D0FF152E4AB517D13BEF986C" 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_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_84EA7E4FAD70DC87567B17D13BEF73B7" xlink:to="loc_us-gaap_DerivativeLiabilities_505B1636D0FF152E4AB517D13BEF986C" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_C217BE0C741356CB863DD5E9139E9BB7" xlink:type="locator" />
    <loc xlink:href="frt-20160930.xsd#frt_ScheduleOfCarryingAmountAndFairValueOfFinancialInstrumentsTableTextBlock" xlink:label="loc_frt_ScheduleOfCarryingAmountAndFairValueOfFinancialInstrumentsTableTextBlock_3B7AE5CEAC78549FA8FE990B9204D451" 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_C217BE0C741356CB863DD5E9139E9BB7" xlink:to="loc_frt_ScheduleOfCarryingAmountAndFairValueOfFinancialInstrumentsTableTextBlock_3B7AE5CEAC78549FA8FE990B9204D451" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_8F2B7C7D313F5996979A81E62D9A29C8" 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_C217BE0C741356CB863DD5E9139E9BB7" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_8F2B7C7D313F5996979A81E62D9A29C8" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="loc_us-gaap_RealEstateAbstract_96DA65174FA759F6B0BB76B4359836E0" xlink:type="locator" />
    <loc xlink:href="frt-20160930.xsd#frt_RealEstateAcquisitionsDispositionsTextBlock" xlink:label="loc_frt_RealEstateAcquisitionsDispositionsTextBlock_59034B6D0011530C8460544992F3B169" 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_96DA65174FA759F6B0BB76B4359836E0" xlink:to="loc_frt_RealEstateAcquisitionsDispositionsTextBlock_59034B6D0011530C8460544992F3B169" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="loc_us-gaap_RealEstateAbstract_2E48C3449E23BDB5BC32177282B91020" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_A4F2E9A13FB64D04D2CA177282C89AB7" 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_2E48C3449E23BDB5BC32177282B91020" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_A4F2E9A13FB64D04D2CA177282C89AB7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_6485960E1628DCFA1B38177282C8BF75" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_A4F2E9A13FB64D04D2CA177282C89AB7" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_6485960E1628DCFA1B38177282C8BF75" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvesteeNameDomain" xlink:label="loc_us-gaap_EquityMethodInvesteeNameDomain_4AE49FA27EFC2EBF3B0B177282C885F6" 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_6485960E1628DCFA1B38177282C8BF75" xlink:to="loc_us-gaap_EquityMethodInvesteeNameDomain_4AE49FA27EFC2EBF3B0B177282C885F6" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_FederalRealtyInvestmentTrustINGClarionPartnersPartnershipMember" xlink:label="loc_frt_FederalRealtyInvestmentTrustINGClarionPartnersPartnershipMember_B94F5A58850913362F5B177282C83B21" 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_4AE49FA27EFC2EBF3B0B177282C885F6" xlink:to="loc_frt_FederalRealtyInvestmentTrustINGClarionPartnersPartnershipMember_B94F5A58850913362F5B177282C83B21" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_269685FEA6C93A25EBB2177282C81256" 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_ScheduleOfBusinessAcquisitionsByAcquisitionTable_A4F2E9A13FB64D04D2CA177282C89AB7" xlink:to="loc_dei_LegalEntityAxis_269685FEA6C93A25EBB2177282C81256" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_FE313BDB348069E8BC4F177282C89D41" 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_269685FEA6C93A25EBB2177282C81256" xlink:to="loc_dei_EntityDomain_FE313BDB348069E8BC4F177282C89D41" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_FederalRealtyInvestmentTrustMember" xlink:label="loc_frt_FederalRealtyInvestmentTrustMember_0214381E4FC78D60BB7D177282C88CF8" 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_EntityDomain_FE313BDB348069E8BC4F177282C89D41" xlink:to="loc_frt_FederalRealtyInvestmentTrustMember_0214381E4FC78D60BB7D177282C88CF8" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_ClarionMember" xlink:label="loc_frt_ClarionMember_D968C29E49344CC0BBED177282C868AA" 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_EntityDomain_FE313BDB348069E8BC4F177282C89D41" xlink:to="loc_frt_ClarionMember_D968C29E49344CC0BBED177282C868AA" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_CocoWalkMember" xlink:label="loc_frt_CocoWalkMember_AC56CF26B1D4968CB149177282C86B7C" 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_dei_EntityDomain_FE313BDB348069E8BC4F177282C89D41" xlink:to="loc_frt_CocoWalkMember_AC56CF26B1D4968CB149177282C86B7C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_1A9C78AFF0308EFC7E94177282C8E6CE" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_A4F2E9A13FB64D04D2CA177282C89AB7" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_1A9C78AFF0308EFC7E94177282C8E6CE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_0906A1C8BD5C9FD8BACA177282C877AF" 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_IncomeStatementLocationAxis_1A9C78AFF0308EFC7E94177282C8E6CE" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_0906A1C8BD5C9FD8BACA177282C877AF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GeneralAndAdministrativeExpenseMember" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpenseMember_8757EECB4C1533DE5087177282C81E6A" 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_IncomeStatementLocationDomain_0906A1C8BD5C9FD8BACA177282C877AF" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpenseMember_8757EECB4C1533DE5087177282C81E6A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_E18E614CE8B607259623177282C8064D" 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_ScheduleOfBusinessAcquisitionsByAcquisitionTable_A4F2E9A13FB64D04D2CA177282C89AB7" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_E18E614CE8B607259623177282C8064D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_520FFAB9F8495B3F1D6D177282C80C63" 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_E18E614CE8B607259623177282C8064D" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_520FFAB9F8495B3F1D6D177282C80C63" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AboveMarketLeasesMember" xlink:label="loc_us-gaap_AboveMarketLeasesMember_34098E0059C66175E715177282C8C9A3" 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_520FFAB9F8495B3F1D6D177282C80C63" xlink:to="loc_us-gaap_AboveMarketLeasesMember_34098E0059C66175E715177282C8C9A3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_35AD63A99CAF94CDED7F177282C89533" 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_ScheduleOfBusinessAcquisitionsByAcquisitionTable_A4F2E9A13FB64D04D2CA177282C89AB7" xlink:to="loc_us-gaap_BalanceSheetLocationAxis_35AD63A99CAF94CDED7F177282C89533" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_D3B94C7A3197420531BF177282C87766" 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_BalanceSheetLocationAxis_35AD63A99CAF94CDED7F177282C89533" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_D3B94C7A3197420531BF177282C87766" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsMember" xlink:label="loc_us-gaap_OtherAssetsMember_31808BEAC23C0D1890C8177282C87603" 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_BalanceSheetLocationDomain_D3B94C7A3197420531BF177282C87766" xlink:to="loc_us-gaap_OtherAssetsMember_31808BEAC23C0D1890C8177282C87603" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesMember" xlink:label="loc_us-gaap_OtherLiabilitiesMember_CE30AE5F5D0D11345B7B177282C8F5D3" 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_BalanceSheetLocationDomain_D3B94C7A3197420531BF177282C87766" xlink:to="loc_us-gaap_OtherLiabilitiesMember_CE30AE5F5D0D11345B7B177282C8F5D3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByAssetClassAxis" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_D5A0993A417675F0C16F177282C8E017" 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_ScheduleOfBusinessAcquisitionsByAcquisitionTable_A4F2E9A13FB64D04D2CA177282C89AB7" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_D5A0993A417675F0C16F177282C8E017" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_5C4FCCC05BF53C4B493A177282C82C6F" 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_FairValueByAssetClassAxis_D5A0993A417675F0C16F177282C8E017" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_5C4FCCC05BF53C4B493A177282C82C6F" 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_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_5C4FCCC05BF53C4B493A177282C82C6F" xlink:to="loc_us-gaap_AboveMarketLeasesMember_34098E0059C66175E715177282C8C9A3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_548E4CB58A4C0A20D27F177282C8E5F5" 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_ScheduleOfBusinessAcquisitionsByAcquisitionTable_A4F2E9A13FB64D04D2CA177282C89AB7" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_548E4CB58A4C0A20D27F177282C8E5F5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_530BB76EE7E7CE5F8C95177282C83850" 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_548E4CB58A4C0A20D27F177282C8E5F5" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_530BB76EE7E7CE5F8C95177282C83850" 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_BusinessAcquisitionAcquireeDomain_530BB76EE7E7CE5F8C95177282C83850" xlink:to="loc_frt_ClarionMember_D968C29E49344CC0BBED177282C868AA" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_AnadditionalbuildingintheCoconutGroveneighborhoodofMiamiFloridaMember" xlink:label="loc_frt_AnadditionalbuildingintheCoconutGroveneighborhoodofMiamiFloridaMember_5AEAF3F22CB79169370B178B16BBBC28" 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_BusinessAcquisitionAcquireeDomain_530BB76EE7E7CE5F8C95177282C83850" xlink:to="loc_frt_AnadditionalbuildingintheCoconutGroveneighborhoodofMiamiFloridaMember_5AEAF3F22CB79169370B178B16BBBC28" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems_DC1A4F1C52B1808253E9177282C8D4B1" 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_ScheduleOfBusinessAcquisitionsByAcquisitionTable_A4F2E9A13FB64D04D2CA177282C89AB7" xlink:to="loc_us-gaap_BusinessAcquisitionLineItems_DC1A4F1C52B1808253E9177282C8D4B1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_2AD02F787E251658E417177282C8CB91" 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_BusinessAcquisitionLineItems_DC1A4F1C52B1808253E9177282C8D4B1" xlink:to="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_2AD02F787E251658E417177282C8CB91" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:label="loc_us-gaap_NumberOfRealEstateProperties_5FF79D2BA67BA01E1716177282C88505" 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_BusinessAcquisitionLineItems_DC1A4F1C52B1808253E9177282C8D4B1" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_5FF79D2BA67BA01E1716177282C88505" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferred1_492F70FAACA806EFB5EB177282C8606F" 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_BusinessAcquisitionLineItems_DC1A4F1C52B1808253E9177282C8D4B1" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferred1_492F70FAACA806EFB5EB177282C8606F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesGross_14E142ED81E4F74A8779177282C8435D" 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_BusinessAcquisitionLineItems_DC1A4F1C52B1808253E9177282C8D4B1" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesGross_14E142ED81E4F74A8779177282C8435D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_266936B492A9685857CB177282C8F857" 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_BusinessAcquisitionLineItems_DC1A4F1C52B1808253E9177282C8D4B1" xlink:to="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_266936B492A9685857CB177282C8F857" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain" xlink:label="loc_us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain_24688CAB142095998DDA177282C8DC5D" 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_BusinessAcquisitionLineItems_DC1A4F1C52B1808253E9177282C8D4B1" xlink:to="loc_us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain_24688CAB142095998DDA177282C8DC5D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinitelivedIntangibleAssetsAcquired1" xlink:label="loc_us-gaap_FinitelivedIntangibleAssetsAcquired1_784A5E488E8B4A51CB6F177282C8EE40" 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_BusinessAcquisitionLineItems_DC1A4F1C52B1808253E9177282C8D4B1" xlink:to="loc_us-gaap_FinitelivedIntangibleAssetsAcquired1_784A5E488E8B4A51CB6F177282C8EE40" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BelowMarketLeaseAcquired" xlink:label="loc_us-gaap_BelowMarketLeaseAcquired_7BB4DC18CE50E7BEEB0C177282C802BB" 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_BusinessAcquisitionLineItems_DC1A4F1C52B1808253E9177282C8D4B1" xlink:to="loc_us-gaap_BelowMarketLeaseAcquired_7BB4DC18CE50E7BEEB0C177282C802BB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationAcquisitionRelatedCosts" xlink:label="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_70FCD8A44B8FDBAC51B6177282C84630" 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_BusinessAcquisitionLineItems_DC1A4F1C52B1808253E9177282C8D4B1" xlink:to="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_70FCD8A44B8FDBAC51B6177282C84630" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Gainlossonsaleofrealestatenetofnoncontrollinginterests" xlink:label="loc_frt_Gainlossonsaleofrealestatenetofnoncontrollinginterests_4A23B8DFD316D5858A96177282C8AC91" 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_BusinessAcquisitionLineItems_DC1A4F1C52B1808253E9177282C8D4B1" xlink:to="loc_frt_Gainlossonsaleofrealestatenetofnoncontrollinginterests_4A23B8DFD316D5858A96177282C8AC91" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_E0E4BEA55E7056E9AA2E60B6BEEEFCB1" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract" xlink:label="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_5859B943B95C56839D9E70FCE4F2976B" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_E0E4BEA55E7056E9AA2E60B6BEEEFCB1" xlink:to="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_5859B943B95C56839D9E70FCE4F2976B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_6A9C77EA84B353E8B3AA5AADAEA339D7" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_5859B943B95C56839D9E70FCE4F2976B" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_6A9C77EA84B353E8B3AA5AADAEA339D7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_66F631F1BAB45C0E94E3F26EFA27B482" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_5859B943B95C56839D9E70FCE4F2976B" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_66F631F1BAB45C0E94E3F26EFA27B482" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_1BCBFB5363BC5150A7F2B36B6CC7B08E" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_5859B943B95C56839D9E70FCE4F2976B" xlink:to="loc_us-gaap_ShareBasedCompensation_1BCBFB5363BC5150A7F2B36B6CC7B08E" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_7E0D7CBF242F5AFB9FEC949570501710" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_C4C577A232335C88AFBF5417FBEA3D75" 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_7E0D7CBF242F5AFB9FEC949570501710" xlink:to="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_C4C577A232335C88AFBF5417FBEA3D75" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_CA2D57F203F15C7C84C2DB7C892E9931" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock" xlink:label="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_7ECC5A101C025C68AA2EA051AA4B07B1" 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_CA2D57F203F15C7C84C2DB7C892E9931" xlink:to="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_7ECC5A101C025C68AA2EA051AA4B07B1" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="loc_us-gaap_StockholdersEquityNoteAbstract_12FA742C48EA5FDB9631B41992133981" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_794A7B9560745BE9BFAF4F5B0789DA7F" 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_12FA742C48EA5FDB9631B41992133981" xlink:to="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_794A7B9560745BE9BFAF4F5B0789DA7F" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="loc_us-gaap_StockholdersEquityNoteAbstract_71F5B061B26558729E1DCA047C5ED74D" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:label="loc_us-gaap_ScheduleOfStockByClassTable_30DD85935DC752B88E57BBBFF25B7731" 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_71F5B061B26558729E1DCA047C5ED74D" xlink:to="loc_us-gaap_ScheduleOfStockByClassTable_30DD85935DC752B88E57BBBFF25B7731" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsidiarySaleOfStockAxis" xlink:label="loc_us-gaap_SubsidiarySaleOfStockAxis_BA096AF5528C512F8F2BB80E7BA73BEB" 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_ScheduleOfStockByClassTable_30DD85935DC752B88E57BBBFF25B7731" xlink:to="loc_us-gaap_SubsidiarySaleOfStockAxis_BA096AF5528C512F8F2BB80E7BA73BEB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SaleOfStockNameOfTransactionDomain" xlink:label="loc_us-gaap_SaleOfStockNameOfTransactionDomain_3D8CFEF271485EDFBB9069B5772E94A6" 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_BA096AF5528C512F8F2BB80E7BA73BEB" xlink:to="loc_us-gaap_SaleOfStockNameOfTransactionDomain_3D8CFEF271485EDFBB9069B5772E94A6" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_AtMarketEquityProgramMember" xlink:label="loc_frt_AtMarketEquityProgramMember_B7E647BC294D53F29F009D04822C19DB" 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_3D8CFEF271485EDFBB9069B5772E94A6" xlink:to="loc_frt_AtMarketEquityProgramMember_B7E647BC294D53F29F009D04822C19DB" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_PublicEquityOfferingMember" xlink:label="loc_frt_PublicEquityOfferingMember_1469029AA97650CE8D7CA6BDF120EEE6" 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_SaleOfStockNameOfTransactionDomain_3D8CFEF271485EDFBB9069B5772E94A6" xlink:to="loc_frt_PublicEquityOfferingMember_1469029AA97650CE8D7CA6BDF120EEE6" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_StockIssuanceCostsByTypeAxis" xlink:label="loc_frt_StockIssuanceCostsByTypeAxis_FF34A6E165DA56D28D7E664575556EE5" 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_ScheduleOfStockByClassTable_30DD85935DC752B88E57BBBFF25B7731" xlink:to="loc_frt_StockIssuanceCostsByTypeAxis_FF34A6E165DA56D28D7E664575556EE5" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_StockIssuanceCostsByTypeDomain" xlink:label="loc_frt_StockIssuanceCostsByTypeDomain_F877B182EB8150E98E5F37FD19DD5144" 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_FF34A6E165DA56D28D7E664575556EE5" xlink:to="loc_frt_StockIssuanceCostsByTypeDomain_F877B182EB8150E98E5F37FD19DD5144" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_CommissionsMember" xlink:label="loc_frt_CommissionsMember_EE78AC9F4A9D5A2B8927F618E1C8DFF7" 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_F877B182EB8150E98E5F37FD19DD5144" xlink:to="loc_frt_CommissionsMember_EE78AC9F4A9D5A2B8927F618E1C8DFF7" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_OtherOfferingCostsMember" xlink:label="loc_frt_OtherOfferingCostsMember_79382C2CBA965A87B8E904397D75FA89" 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_F877B182EB8150E98E5F37FD19DD5144" xlink:to="loc_frt_OtherOfferingCostsMember_79382C2CBA965A87B8E904397D75FA89" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="loc_us-gaap_ClassOfStockLineItems_4B37816F36075682B9B33EE59FE0F1C5" 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_ScheduleOfStockByClassTable_30DD85935DC752B88E57BBBFF25B7731" xlink:to="loc_us-gaap_ClassOfStockLineItems_4B37816F36075682B9B33EE59FE0F1C5" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_AggregateOfferingPriceOfCommonShare" xlink:label="loc_frt_AggregateOfferingPriceOfCommonShare_A2DD29FDCEAE5AF4816E01243013517D" 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_ClassOfStockLineItems_4B37816F36075682B9B33EE59FE0F1C5" xlink:to="loc_frt_AggregateOfferingPriceOfCommonShare_A2DD29FDCEAE5AF4816E01243013517D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_727A120AE60E5AEDB55AD49184CCCA39" 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_ClassOfStockLineItems_4B37816F36075682B9B33EE59FE0F1C5" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_727A120AE60E5AEDB55AD49184CCCA39" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_WeightedAveragePricePerCommonShare" xlink:label="loc_frt_WeightedAveragePricePerCommonShare_8A80D77ACEBF591C8CFFE01B15892A99" 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_ClassOfStockLineItems_4B37816F36075682B9B33EE59FE0F1C5" xlink:to="loc_frt_WeightedAveragePricePerCommonShare_8A80D77ACEBF591C8CFFE01B15892A99" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_FF4553A738775778B0BBDEB98EA6D0CE" 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_ClassOfStockLineItems_4B37816F36075682B9B33EE59FE0F1C5" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_FF4553A738775778B0BBDEB98EA6D0CE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfStockIssuanceCosts" xlink:label="loc_us-gaap_PaymentsOfStockIssuanceCosts_C83C4E52CBE05A018CA1220EC4D8AD49" 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_ClassOfStockLineItems_4B37816F36075682B9B33EE59FE0F1C5" xlink:to="loc_us-gaap_PaymentsOfStockIssuanceCosts_C83C4E52CBE05A018CA1220EC4D8AD49" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_RemainingCapacityToIssue" xlink:label="loc_frt_RemainingCapacityToIssue_902165EBDB2351528515356067685494" 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_ClassOfStockLineItems_4B37816F36075682B9B33EE59FE0F1C5" xlink:to="loc_frt_RemainingCapacityToIssue_902165EBDB2351528515356067685494" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharesIssuedPricePerShare" xlink:label="loc_us-gaap_SharesIssuedPricePerShare_B5F097733B105D30ABB147EED24C9E44" 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_ClassOfStockLineItems_4B37816F36075682B9B33EE59FE0F1C5" xlink:to="loc_us-gaap_SharesIssuedPricePerShare_B5F097733B105D30ABB147EED24C9E44" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ShareholdersEquitySummaryOfDividendsDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="loc_us-gaap_StockholdersEquityNoteAbstract_DC204070869B57A582D29B57857A855F" xlink:type="locator" />
    <loc xlink:href="frt-20160930.xsd#frt_DividendsTable" xlink:label="loc_frt_DividendsTable_50393E18F08F5068BF3212875CDDC34D" 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_DC204070869B57A582D29B57857A855F" xlink:to="loc_frt_DividendsTable_50393E18F08F5068BF3212875CDDC34D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_C7143F3A2F3A52F9942D51B478F7DE88" 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_50393E18F08F5068BF3212875CDDC34D" xlink:to="loc_us-gaap_StatementClassOfStockAxis_C7143F3A2F3A52F9942D51B478F7DE88" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_972E43E68779511F88A371D7F7DBF9D3" 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_C7143F3A2F3A52F9942D51B478F7DE88" xlink:to="loc_us-gaap_ClassOfStockDomain_972E43E68779511F88A371D7F7DBF9D3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_56AEFB1D55605F479DF6BEBAB2C61096" 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_972E43E68779511F88A371D7F7DBF9D3" xlink:to="loc_us-gaap_CommonStockMember_56AEFB1D55605F479DF6BEBAB2C61096" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_A5417Series1CumulativeConvertiblePreferredMember" xlink:label="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_147045B1BBDD57B8B3FC479DA9DA2170" 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_972E43E68779511F88A371D7F7DBF9D3" xlink:to="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_147045B1BBDD57B8B3FC479DA9DA2170" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_DividendsLineItems" xlink:label="loc_frt_DividendsLineItems_ECCD95A1538D5BF4B2166CEE57B3199C" 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_50393E18F08F5068BF3212875CDDC34D" xlink:to="loc_frt_DividendsLineItems_ECCD95A1538D5BF4B2166CEE57B3199C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="loc_us-gaap_PreferredStockDividendRatePercentage_A569F232C1A25A8392C8209187473192" 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_ECCD95A1538D5BF4B2166CEE57B3199C" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_A569F232C1A25A8392C8209187473192" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_55FC5856F63659B39CD6AA7767C1F9A8" 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_ECCD95A1538D5BF4B2166CEE57B3199C" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_55FC5856F63659B39CD6AA7767C1F9A8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockDividendsPerShareCashPaid" xlink:label="loc_us-gaap_CommonStockDividendsPerShareCashPaid_B549A91394DA59648157C7B01C8C2F0E" 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_ECCD95A1538D5BF4B2166CEE57B3199C" xlink:to="loc_us-gaap_CommonStockDividendsPerShareCashPaid_B549A91394DA59648157C7B01C8C2F0E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_PreferredStockDividendsPerShareDeclared_D88F0771B9265060B065CF7ACA3BD24A" 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_ECCD95A1538D5BF4B2166CEE57B3199C" xlink:to="loc_us-gaap_PreferredStockDividendsPerShareDeclared_D88F0771B9265060B065CF7ACA3BD24A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsPerShareCashPaid" xlink:label="loc_us-gaap_PreferredStockDividendsPerShareCashPaid_B90AE7776DDF5B4496ED610916392714" 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_ECCD95A1538D5BF4B2166CEE57B3199C" xlink:to="loc_us-gaap_PreferredStockDividendsPerShareCashPaid_B90AE7776DDF5B4496ED610916392714" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="loc_us-gaap_StockholdersEquityNoteAbstract_54CDA925AE38567F84430175D593CCC3" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsDeclaredTableTextBlock" xlink:label="loc_us-gaap_DividendsDeclaredTableTextBlock_DA3101D8467B54EC9E6B183F6DF894B3" 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_54CDA925AE38567F84430175D593CCC3" xlink:to="loc_us-gaap_DividendsDeclaredTableTextBlock_DA3101D8467B54EC9E6B183F6DF894B3" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="loc_us-gaap_SubsequentEventsAbstract_0BA533C2D2F556938AACE3EB931F1162" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="loc_us-gaap_SubsequentEventsTextBlock_EA18C86AA5415A158A6888BF4BA01190" 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_0BA533C2D2F556938AACE3EB931F1162" xlink:to="loc_us-gaap_SubsequentEventsTextBlock_EA18C86AA5415A158A6888BF4BA01190" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SubsequentEventsDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="loc_us-gaap_SubsequentEventsAbstract_AB3503C33CB021EB5FFAFE8FEF5B4799" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventTable" xlink:label="loc_us-gaap_SubsequentEventTable_500B7EA564F2A50058F7FE8FEF5CF9D9" 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_AB3503C33CB021EB5FFAFE8FEF5B4799" xlink:to="loc_us-gaap_SubsequentEventTable_500B7EA564F2A50058F7FE8FEF5CF9D9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_6737A86997DEE10B62F8FE8FEF601B51" 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_500B7EA564F2A50058F7FE8FEF5CF9D9" xlink:to="loc_us-gaap_DebtInstrumentAxis_6737A86997DEE10B62F8FE8FEF601B51" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_9DF072D677F6831A4ADEFE8FEF60F4EB" 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_DebtInstrumentAxis_6737A86997DEE10B62F8FE8FEF601B51" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_9DF072D677F6831A4ADEFE8FEF60F4EB" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_EscondidoPromenadeMember" xlink:label="loc_frt_EscondidoPromenadeMember_2563873A675A8C5AA314FE9A0B660E39" 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_9DF072D677F6831A4ADEFE8FEF60F4EB" xlink:to="loc_frt_EscondidoPromenadeMember_2563873A675A8C5AA314FE9A0B660E39" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_3EC1B2C9057A47202B87FE8FEF61905D" 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_500B7EA564F2A50058F7FE8FEF5CF9D9" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_3EC1B2C9057A47202B87FE8FEF61905D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_1FB4D0661C6A6EA7C7C1FE8FEF6182B3" 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_LongtermDebtTypeAxis_3EC1B2C9057A47202B87FE8FEF61905D" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_1FB4D0661C6A6EA7C7C1FE8FEF6182B3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NotesPayableOtherPayablesMember" xlink:label="loc_us-gaap_NotesPayableOtherPayablesMember_9B06CEFBD68A993DD401FE9B6EC0D313" 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_LongtermDebtTypeDomain_1FB4D0661C6A6EA7C7C1FE8FEF6182B3" xlink:to="loc_us-gaap_NotesPayableOtherPayablesMember_9B06CEFBD68A993DD401FE9B6EC0D313" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_478886024FE96F946F5FFE8FEF62A514" 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_500B7EA564F2A50058F7FE8FEF5CF9D9" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_478886024FE96F946F5FFE8FEF62A514" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_9D11619EE03548FC4277FE8FEF62C4C7" 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_478886024FE96F946F5FFE8FEF62A514" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_9D11619EE03548FC4277FE8FEF62C4C7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_7086A9DACCB5179A0C50FE8FEF6353CC" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_9D11619EE03548FC4277FE8FEF62C4C7" xlink:to="loc_us-gaap_SubsequentEventMember_7086A9DACCB5179A0C50FE8FEF6353CC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventLineItems" xlink:label="loc_us-gaap_SubsequentEventLineItems_7B5D1B5575E78A980095FE8FEF65E9D4" 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_SubsequentEventTable_500B7EA564F2A50058F7FE8FEF5CF9D9" xlink:to="loc_us-gaap_SubsequentEventLineItems_7B5D1B5575E78A980095FE8FEF65E9D4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MunicipalDebtSecuritiesAtCarryingValue" xlink:label="loc_us-gaap_MunicipalDebtSecuritiesAtCarryingValue_2C2B9882164E9D83C061FE953B83E1EE" 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_7B5D1B5575E78A980095FE8FEF65E9D4" xlink:to="loc_us-gaap_MunicipalDebtSecuritiesAtCarryingValue_2C2B9882164E9D83C061FE953B83E1EE" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_BBF1FDC286A453F489F1DACD31B3CA51" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_468C52446E535A18ADA25E4B32126477" 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_BBF1FDC286A453F489F1DACD31B3CA51" xlink:to="loc_us-gaap_SignificantAccountingPoliciesTextBlock_468C52446E535A18ADA25E4B32126477" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesConsolidatedStatementOfCashFlowsSupplementalDisclosuresDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_2289B53724233D5371A61869B286D2DE" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestCostsIncurred" xlink:label="loc_us-gaap_InterestCostsIncurred_BF43142488B09C919DFD1869B2865C37" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2289B53724233D5371A61869B286D2DE" xlink:to="loc_us-gaap_InterestCostsIncurred_BF43142488B09C919DFD1869B2865C37" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestCostsCapitalized" xlink:label="loc_us-gaap_InterestCostsCapitalized_E0C8342E09D9018F134A1869B286455F" 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_AccountingPoliciesAbstract_2289B53724233D5371A61869B286D2DE" xlink:to="loc_us-gaap_InterestCostsCapitalized_E0C8342E09D9018F134A1869B286455F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_4600B70EDEB9D2B0882F1869B2863B1F" 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_AccountingPoliciesAbstract_2289B53724233D5371A61869B286D2DE" xlink:to="loc_us-gaap_InterestExpense_4600B70EDEB9D2B0882F1869B2863B1F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="loc_us-gaap_InterestPaidNet_789A0C358863D57BFC721869B28613A2" 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_2289B53724233D5371A61869B286D2DE" xlink:to="loc_us-gaap_InterestPaidNet_789A0C358863D57BFC721869B28613A2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="loc_us-gaap_IncomeTaxesPaidNet_DB9C056748EE7D8FFCC61869B2860CEC" 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_2289B53724233D5371A61869B286D2DE" xlink:to="loc_us-gaap_IncomeTaxesPaidNet_DB9C056748EE7D8FFCC61869B2860CEC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_923E79CF5D548BC0073F1869B2862B4B" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2289B53724233D5371A61869B286D2DE" xlink:to="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_923E79CF5D548BC0073F1869B2862B4B" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_Redemptionofoperatingpartnershipunitsforcommonshares" xlink:label="loc_frt_Redemptionofoperatingpartnershipunitsforcommonshares_A1D17A1E8382FCC8A07F1869B2861343" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_2289B53724233D5371A61869B286D2DE" xlink:to="loc_frt_Redemptionofoperatingpartnershipunitsforcommonshares_A1D17A1E8382FCC8A07F1869B2861343" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_ValueofdownREITOperatingPartnershipUnitsIssuedinConnectionwithBusinessAcqu" xlink:label="loc_frt_ValueofdownREITOperatingPartnershipUnitsIssuedinConnectionwithBusinessAcqu_9910DB5FCA452B7B776D1869B286A5F3" 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_AccountingPoliciesAbstract_2289B53724233D5371A61869B286D2DE" xlink:to="loc_frt_ValueofdownREITOperatingPartnershipUnitsIssuedinConnectionwithBusinessAcqu_9910DB5FCA452B7B776D1869B286A5F3" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_DividendsReinvestedInNoncashFinancingTransaction" xlink:label="loc_frt_DividendsReinvestedInNoncashFinancingTransaction_EF709A761A09F4B29E1E1869B28631A1" 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_AccountingPoliciesAbstract_2289B53724233D5371A61869B286D2DE" xlink:to="loc_frt_DividendsReinvestedInNoncashFinancingTransaction_EF709A761A09F4B29E1E1869B28631A1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDebtExtinguishmentCosts" xlink:label="loc_us-gaap_PaymentsOfDebtExtinguishmentCosts_CFBE5185BC6C1DDAB8111869B286CC73" 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_AccountingPoliciesAbstract_2289B53724233D5371A61869B286D2DE" xlink:to="loc_us-gaap_PaymentsOfDebtExtinguishmentCosts_CFBE5185BC6C1DDAB8111869B286CC73" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_5D24541D8BD658C7A478C54A808BC254" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_F6ADFE8EB6A95F5690AD2755E133B3FA" 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_5D24541D8BD658C7A478C54A808BC254" xlink:to="loc_us-gaap_ConsolidationPolicyTextBlock_F6ADFE8EB6A95F5690AD2755E133B3FA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="loc_us-gaap_UseOfEstimates_D734FC010CA753B6BF8C5361B550F0C0" 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_5D24541D8BD658C7A478C54A808BC254" xlink:to="loc_us-gaap_UseOfEstimates_D734FC010CA753B6BF8C5361B550F0C0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_E8D9361DB5B15CD9A56049E80F98D5AE" 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_AccountingPoliciesAbstract_5D24541D8BD658C7A478C54A808BC254" xlink:to="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_E8D9361DB5B15CD9A56049E80F98D5AE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:label="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_FBA2C3EDC2055062BC095253D48E9AE8" 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_AccountingPoliciesAbstract_5D24541D8BD658C7A478C54A808BC254" xlink:to="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_FBA2C3EDC2055062BC095253D48E9AE8" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesRecentlyAdoptedAccountingPronouncementsDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_9ED75431A9C9529C89AA671257D0F6EF" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable" xlink:label="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_454795DC69F05345A6DF50B827EF04E3" 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_9ED75431A9C9529C89AA671257D0F6EF" xlink:to="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_454795DC69F05345A6DF50B827EF04E3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_10EDE799C5525A138F1189AE5988816B" 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_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_454795DC69F05345A6DF50B827EF04E3" xlink:to="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_10EDE799C5525A138F1189AE5988816B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:label="loc_us-gaap_TypeOfAdoptionMember_5E71B2B85D865BF79B4FB4FC6D589007" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_10EDE799C5525A138F1189AE5988816B" xlink:to="loc_us-gaap_TypeOfAdoptionMember_5E71B2B85D865BF79B4FB4FC6D589007" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NewAccountingPronouncementMember" xlink:label="loc_us-gaap_NewAccountingPronouncementMember_C2BBB7AF07255177B9727FCA36485117" 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_TypeOfAdoptionMember_5E71B2B85D865BF79B4FB4FC6D589007" xlink:to="loc_us-gaap_NewAccountingPronouncementMember_C2BBB7AF07255177B9727FCA36485117" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_FB577A8BBA9D5689BB853C931D7C47D0" 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_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_454795DC69F05345A6DF50B827EF04E3" xlink:to="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_FB577A8BBA9D5689BB853C931D7C47D0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_4102CA7F9DCA5E86A1BA4296F605D760" 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_VariableInterestEntitiesByClassificationOfEntityAxis_FB577A8BBA9D5689BB853C931D7C47D0" xlink:to="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_4102CA7F9DCA5E86A1BA4296F605D760" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_PreviousvotinginterestentityMember" xlink:label="loc_frt_PreviousvotinginterestentityMember_1203459CEE9E5675B372679A842B273C" 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_ClassificationOfVariableInterestEntityDomain_4102CA7F9DCA5E86A1BA4296F605D760" xlink:to="loc_frt_PreviousvotinginterestentityMember_1203459CEE9E5675B372679A842B273C" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_PikeandRoseHotelJVMember" xlink:label="loc_frt_PikeandRoseHotelJVMember_ADF5EB206D74548F9918D6E14DC2EEB9" 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_PreviousvotinginterestentityMember_1203459CEE9E5675B372679A842B273C" xlink:to="loc_frt_PikeandRoseHotelJVMember_ADF5EB206D74548F9918D6E14DC2EEB9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems" xlink:label="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_16DE85DB246254B3899079815AF4C8DA" 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_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_454795DC69F05345A6DF50B827EF04E3" xlink:to="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_16DE85DB246254B3899079815AF4C8DA" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_NumberofPropertiesPreviouslyConsolidatedasVotingInterestEntities" xlink:label="loc_frt_NumberofPropertiesPreviouslyConsolidatedasVotingInterestEntities_2C065DB7C9F150DEBF9ACA124C745C6F" 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_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_16DE85DB246254B3899079815AF4C8DA" xlink:to="loc_frt_NumberofPropertiesPreviouslyConsolidatedasVotingInterestEntities_2C065DB7C9F150DEBF9ACA124C745C6F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet" xlink:label="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet_A31562465D435FE1A7B1EF15EA8AD033" 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_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_16DE85DB246254B3899079815AF4C8DA" xlink:to="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet_A31562465D435FE1A7B1EF15EA8AD033" xlink:type="arc" />
    <loc xlink:href="frt-20160930.xsd#frt_MortgagePayableFromConsolidatedVariableInterestEntities" xlink:label="loc_frt_MortgagePayableFromConsolidatedVariableInterestEntities_37A417DED50B5DF6AC2C13B4B8DC1F48" 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_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_16DE85DB246254B3899079815AF4C8DA" xlink:to="loc_frt_MortgagePayableFromConsolidatedVariableInterestEntities_37A417DED50B5DF6AC2C13B4B8DC1F48" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xlink:label="loc_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_6DB016A244AA5EEBA533CC82AC7D1BD3" 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_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_16DE85DB246254B3899079815AF4C8DA" xlink:to="loc_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_6DB016A244AA5EEBA533CC82AC7D1BD3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_C8CC65AA67DF506587C4E37E10BA4ED4" 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_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_16DE85DB246254B3899079815AF4C8DA" xlink:to="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_C8CC65AA67DF506587C4E37E10BA4ED4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnamortizedDebtIssuanceExpense" xlink:label="loc_us-gaap_UnamortizedDebtIssuanceExpense_1E4005FEE32F5DF096057570398D10BD" 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_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_16DE85DB246254B3899079815AF4C8DA" xlink:to="loc_us-gaap_UnamortizedDebtIssuanceExpense_1E4005FEE32F5DF096057570398D10BD" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_2ABB06FB37E0567FA5536A8936059163" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_F10C98C285605CE694F25DFD6083103C" 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_2ABB06FB37E0567FA5536A8936059163" xlink:to="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_F10C98C285605CE694F25DFD6083103C" xlink:type="arc" />
  </presentationLink>
</linkbase>
