<?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-20150930.xsd#BusinessAndOrganization" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/BusinessAndOrganizationDetails" xlink:href="frt-20150930.xsd#BusinessAndOrganizationDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/CommitmentsAndContingencies" xlink:href="frt-20150930.xsd#CommitmentsAndContingencies" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/CommitmentsAndContingenciesDetails" xlink:href="frt-20150930.xsd#CommitmentsAndContingenciesDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncome" xlink:href="frt-20150930.xsd#ComponentsOfRentalIncome" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfMinimumRentsDetails" xlink:href="frt-20150930.xsd#ComponentsOfRentalIncomeScheduleOfMinimumRentsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfPrincipalComponentsOfRentalIncomeDetails" xlink:href="frt-20150930.xsd#ComponentsOfRentalIncomeScheduleOfPrincipalComponentsOfRentalIncomeDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ComponentsOfRentalIncomeTables" xlink:href="frt-20150930.xsd#ComponentsOfRentalIncomeTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedBalanceSheets" xlink:href="frt-20150930.xsd#ConsolidatedBalanceSheets" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedBalanceSheetsParentheticals" xlink:href="frt-20150930.xsd#ConsolidatedBalanceSheetsParentheticals" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementOfShareholdersEquity" xlink:href="frt-20150930.xsd#ConsolidatedStatementOfShareholdersEquity" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementOfShareholdersEquityParentheticals" xlink:href="frt-20150930.xsd#ConsolidatedStatementOfShareholdersEquityParentheticals" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementsOfCashFlows" xlink:href="frt-20150930.xsd#ConsolidatedStatementsOfCashFlows" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ConsolidatedStatementsOfComprehensiveIncome" xlink:href="frt-20150930.xsd#ConsolidatedStatementsOfComprehensiveIncome" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/Debt" xlink:href="frt-20150930.xsd#Debt" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DebtDetails" xlink:href="frt-20150930.xsd#DebtDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DebtScheduleOfExtinguishmentOfDebtTables" xlink:href="frt-20150930.xsd#DebtScheduleOfExtinguishmentOfDebtTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/DocumentAndEntityInformation" xlink:href="frt-20150930.xsd#DocumentAndEntityInformation" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShare" xlink:href="frt-20150930.xsd#EarningsPerShare" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShareDetails" xlink:href="frt-20150930.xsd#EarningsPerShareDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShareScheduleOfEarningsPerShareDetails" xlink:href="frt-20150930.xsd#EarningsPerShareScheduleOfEarningsPerShareDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/EarningsPerShareTables" xlink:href="frt-20150930.xsd#EarningsPerShareTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstruments" xlink:href="frt-20150930.xsd#FairValueOfFinancialInstruments" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsDetails" xlink:href="frt-20150930.xsd#FairValueOfFinancialInstrumentsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsSummaryOfCarryingValueAndFairValueOfFinancialInstrumentsDetails" xlink:href="frt-20150930.xsd#FairValueOfFinancialInstrumentsSummaryOfCarryingValueAndFairValueOfFinancialInstrumentsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsSummaryOfFinancialLiabilitiesMeasuredOnRecurringBasisDetails" xlink:href="frt-20150930.xsd#FairValueOfFinancialInstrumentsSummaryOfFinancialLiabilitiesMeasuredOnRecurringBasisDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/FairValueOfFinancialInstrumentsTables" xlink:href="frt-20150930.xsd#FairValueOfFinancialInstrumentsTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstate" xlink:href="frt-20150930.xsd#RealEstate" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstateDetails" xlink:href="frt-20150930.xsd#RealEstateDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstatePartnerships" xlink:href="frt-20150930.xsd#RealEstatePartnerships" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstatePartnershipsDetails" xlink:href="frt-20150930.xsd#RealEstatePartnershipsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstatePartnershipsSummarizedOperatingResultsAndFinancialPositionOfPartnershipDetails" xlink:href="frt-20150930.xsd#RealEstatePartnershipsSummarizedOperatingResultsAndFinancialPositionOfPartnershipDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/RealEstatePartnershipsTables" xlink:href="frt-20150930.xsd#RealEstatePartnershipsTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareBasedCompensationPlans" xlink:href="frt-20150930.xsd#ShareBasedCompensationPlans" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareBasedCompensationPlansTables" xlink:href="frt-20150930.xsd#ShareBasedCompensationPlansTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareBasedCompensationSummaryOfShareBasedCompensationExpenseDetails" xlink:href="frt-20150930.xsd#ShareBasedCompensationSummaryOfShareBasedCompensationExpenseDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquity" xlink:href="frt-20150930.xsd#ShareholdersEquity" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquityDetails" xlink:href="frt-20150930.xsd#ShareholdersEquityDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquitySummaryOfDividendsDeclaredAndPaidPerShareDetails" xlink:href="frt-20150930.xsd#ShareholdersEquitySummaryOfDividendsDeclaredAndPaidPerShareDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/ShareholdersEquityTables" xlink:href="frt-20150930.xsd#ShareholdersEquityTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SubsequentEvents" xlink:href="frt-20150930.xsd#SubsequentEvents" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SubsequentEventsDetails" xlink:href="frt-20150930.xsd#SubsequentEventsDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SubsequentEventsTables" xlink:href="frt-20150930.xsd#SubsequentEventsTables" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPolicies" xlink:href="frt-20150930.xsd#SummaryOfSignificantAccountingPolicies" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesPolicy" xlink:href="frt-20150930.xsd#SummaryOfSignificantAccountingPoliciesPolicy" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfSupplementalCashFlowDisclosuresDetails" xlink:href="frt-20150930.xsd#SummaryOfSignificantAccountingPoliciesScheduleOfSupplementalCashFlowDisclosuresDetails" xlink:type="simple" />
  <roleRef roleURI="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesTables" xlink:href="frt-20150930.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-20150930.xsd#frt_NatureOfOperationsAbstract" xlink:label="loc_frt_NatureOfOperationsAbstract_B2E85AEACB897DDB694BB899C39B7947" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="loc_us-gaap_NatureOfOperations_73828640C79626176556B899C39BEB7D" xlink:type="locator" />
    <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_B2E85AEACB897DDB694BB899C39B7947" xlink:to="loc_us-gaap_NatureOfOperations_73828640C79626176556B899C39BEB7D" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/BusinessAndOrganizationDetails" xlink:type="extended">
    <loc xlink:href="frt-20150930.xsd#frt_NatureOfOperationsAbstract" xlink:label="loc_frt_NatureOfOperationsAbstract_7E8FAF674908BA93C236809DDFA6151D" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:label="loc_us-gaap_NumberOfRealEstateProperties_B82811A1DDBA20383978809DDFA65577" xlink:type="locator" />
    <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_7E8FAF674908BA93C236809DDFA6151D" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_B82811A1DDBA20383978809DDFA65577" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_MinimumPercentageOfTaxableIncomeDistributedToShareholders" xlink:label="loc_frt_MinimumPercentageOfTaxableIncomeDistributedToShareholders_AB1EF072F8A77EEF6782809DDFA732C2" 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_7E8FAF674908BA93C236809DDFA6151D" xlink:to="loc_frt_MinimumPercentageOfTaxableIncomeDistributedToShareholders_AB1EF072F8A77EEF6782809DDFA732C2" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_34C1C9EF1E32B789572AB899C3F3BC2D" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_6F1E089103D382587FB1B899C3F37B7C" 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_34C1C9EF1E32B789572AB899C3F3BC2D" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_6F1E089103D382587FB1B899C3F37B7C" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_38D3B900881BCF16E33DCF4A34F73469" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PartnersCapitalAccountUnits" xlink:label="loc_us-gaap_PartnersCapitalAccountUnits_1714BF6148B671C33623CF4A34F869D9" xlink:type="locator" />
    <presentationArc order="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_38D3B900881BCF16E33DCF4A34F73469" xlink:to="loc_us-gaap_PartnersCapitalAccountUnits_1714BF6148B671C33623CF4A34F869D9" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_OperatingPartnershipUnitsFairValue" xlink:label="loc_frt_OperatingPartnershipUnitsFairValue_E01C9FDFDB9B2ECE17ACCF4A34F8F86F" 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_38D3B900881BCF16E33DCF4A34F73469" xlink:to="loc_frt_OperatingPartnershipUnitsFairValue_E01C9FDFDB9B2ECE17ACCF4A34F8F86F" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncome" xlink:type="extended">
    <loc xlink:href="frt-20150930.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_CAAAB689BBBF6DD2B5F6B899C39DC968" xlink:type="locator" />
    <loc xlink:href="frt-20150930.xsd#frt_OperatingLeasesRevenueAndExpenseTextBlock" xlink:label="loc_frt_OperatingLeasesRevenueAndExpenseTextBlock_7C19E8C3682969D69B38B899C39D6E0A" 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_CAAAB689BBBF6DD2B5F6B899C39DC968" xlink:to="loc_frt_OperatingLeasesRevenueAndExpenseTextBlock_7C19E8C3682969D69B38B899C39D6E0A" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfMinimumRentsDetails" xlink:type="extended">
    <loc xlink:href="frt-20150930.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_DDB0F50F4D33589AFE6DB899C3FD4A6A" xlink:type="locator" />
    <loc xlink:href="frt-20150930.xsd#frt_ScheduleOfMinimumRentsTable" xlink:label="loc_frt_ScheduleOfMinimumRentsTable_53241B9806F5259E6A88B899C3FDE24B" xlink:type="locator" />
    <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_DDB0F50F4D33589AFE6DB899C3FD4A6A" xlink:to="loc_frt_ScheduleOfMinimumRentsTable_53241B9806F5259E6A88B899C3FDE24B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_99B101317DEE544FBC88B899C3FDA020" xlink:type="locator" />
    <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_53241B9806F5259E6A88B899C3FDE24B" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_99B101317DEE544FBC88B899C3FDA020" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_61958F8B12AA2DB465CBB899C3FD6728" xlink:type="locator" />
    <presentationArc order="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_99B101317DEE544FBC88B899C3FDA020" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_61958F8B12AA2DB465CBB899C3FD6728" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AboveMarketLeasesMember" xlink:label="loc_us-gaap_AboveMarketLeasesMember_C9AB1BCFCB04CE45903CB899C3FD2397" 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_FiniteLivedIntangibleAssetsMajorClassNameDomain_61958F8B12AA2DB465CBB899C3FD6728" xlink:to="loc_us-gaap_AboveMarketLeasesMember_C9AB1BCFCB04CE45903CB899C3FD2397" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_BelowMarketLeaseMember" xlink:label="loc_frt_BelowMarketLeaseMember_29853D06A8B431680EA1B899C3FD360A" 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_61958F8B12AA2DB465CBB899C3FD6728" xlink:to="loc_frt_BelowMarketLeaseMember_29853D06A8B431680EA1B899C3FD360A" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_MinimumRentLineItems" xlink:label="loc_frt_MinimumRentLineItems_F352308EC88FBE4B922CB899C3FDF71B" 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_53241B9806F5259E6A88B899C3FDE24B" xlink:to="loc_frt_MinimumRentLineItems_F352308EC88FBE4B922CB899C3FDF71B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StraightLineRent" xlink:label="loc_us-gaap_StraightLineRent_0379F479A60730FA9E18B899C3FDBC6A" 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_F352308EC88FBE4B922CB899C3FDF71B" xlink:to="loc_us-gaap_StraightLineRent_0379F479A60730FA9E18B899C3FDBC6A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AmortizationOfAboveAndBelowMarketLeases" xlink:label="loc_us-gaap_AmortizationOfAboveAndBelowMarketLeases_5D59AFFF5A0B3A3655ADB899C3FD87B0" 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_F352308EC88FBE4B922CB899C3FDF71B" xlink:to="loc_us-gaap_AmortizationOfAboveAndBelowMarketLeases_5D59AFFF5A0B3A3655ADB899C3FD87B0" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeScheduleOfPrincipalComponentsOfRentalIncomeDetails" xlink:type="extended">
    <loc xlink:href="frt-20150930.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_BE8F0833A0AD9C908D47B899C4693354" xlink:type="locator" />
    <loc xlink:href="frt-20150930.xsd#frt_ComponentsOfRentalIncomeTable" xlink:label="loc_frt_ComponentsOfRentalIncomeTable_3EC8FD45A2120194922DB899C46AB408" xlink:type="locator" />
    <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_BE8F0833A0AD9C908D47B899C4693354" xlink:to="loc_frt_ComponentsOfRentalIncomeTable_3EC8FD45A2120194922DB899C46AB408" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProductOrServiceAxis" xlink:label="loc_us-gaap_ProductOrServiceAxis_323C2B20AA9407F94908B899C46A09D5" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_ComponentsOfRentalIncomeTable_3EC8FD45A2120194922DB899C46AB408" xlink:to="loc_us-gaap_ProductOrServiceAxis_323C2B20AA9407F94908B899C46A09D5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProductsAndServicesDomain" xlink:label="loc_us-gaap_ProductsAndServicesDomain_B7A47FC5FBD0FDC55379B899C46AB1E5" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ProductOrServiceAxis_323C2B20AA9407F94908B899C46A09D5" xlink:to="loc_us-gaap_ProductsAndServicesDomain_B7A47FC5FBD0FDC55379B899C46AB1E5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommercialRealEstateMember" xlink:label="loc_us-gaap_CommercialRealEstateMember_26A780A276913B5CC3A4B899C46AC166" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ProductsAndServicesDomain_B7A47FC5FBD0FDC55379B899C46AB1E5" xlink:to="loc_us-gaap_CommercialRealEstateMember_26A780A276913B5CC3A4B899C46AC166" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ResidentialRealEstateMember" xlink:label="loc_us-gaap_ResidentialRealEstateMember_DED1B3D3987637C4AB33B899C46AC9A5" 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_ProductsAndServicesDomain_B7A47FC5FBD0FDC55379B899C46AB1E5" xlink:to="loc_us-gaap_ResidentialRealEstateMember_DED1B3D3987637C4AB33B899C46AC9A5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_DD3FE5D3768283EA4A94B899C46ADABC" 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_3EC8FD45A2120194922DB899C46AB408" xlink:to="loc_us-gaap_StatementLineItems_DD3FE5D3768283EA4A94B899C46ADABC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue" xlink:label="loc_us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue_166CD3F3CAAE2E17BFAFB899C46A75CB" xlink:type="locator" />
    <presentationArc order="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_DD3FE5D3768283EA4A94B899C46ADABC" xlink:to="loc_us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue_166CD3F3CAAE2E17BFAFB899C46A75CB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TenantReimbursements" xlink:label="loc_us-gaap_TenantReimbursements_D453DB280AB2AA71F0B3B899C46AAF84" 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_DD3FE5D3768283EA4A94B899C46ADABC" xlink:to="loc_us-gaap_TenantReimbursements_D453DB280AB2AA71F0B3B899C46AAF84" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PercentageRent" xlink:label="loc_us-gaap_PercentageRent_E9DA328ECA6F91A082D1B899C46A7520" 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_DD3FE5D3768283EA4A94B899C46ADABC" xlink:to="loc_us-gaap_PercentageRent_E9DA328ECA6F91A082D1B899C46A7520" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_OtherRentalIncome" xlink:label="loc_frt_OtherRentalIncome_7A7842B63ACCAB997446B899C46A6F95" 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_DD3FE5D3768283EA4A94B899C46ADABC" xlink:to="loc_frt_OtherRentalIncome_7A7842B63ACCAB997446B899C46A6F95" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_RentalIncome" xlink:label="loc_frt_RentalIncome_BF4A7DDBB9A012B4ABB9B899C46ACF07" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_DD3FE5D3768283EA4A94B899C46ADABC" xlink:to="loc_frt_RentalIncome_BF4A7DDBB9A012B4ABB9B899C46ACF07" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ComponentsOfRentalIncomeTables" xlink:type="extended">
    <loc xlink:href="frt-20150930.xsd#frt_ComponentsOfRentalIncomeAndExpenseAbstract" xlink:label="loc_frt_ComponentsOfRentalIncomeAndExpenseAbstract_5312EA8F0E3099CFF798B899C4762649" xlink:type="locator" />
    <loc xlink:href="frt-20150930.xsd#frt_ScheduleOfComponentOfRentalIncomeTableTextBlock" xlink:label="loc_frt_ScheduleOfComponentOfRentalIncomeTableTextBlock_425AAE229A0C3261C0B0B899C476A2BE" xlink:type="locator" />
    <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_5312EA8F0E3099CFF798B899C4762649" xlink:to="loc_frt_ScheduleOfComponentOfRentalIncomeTableTextBlock_425AAE229A0C3261C0B0B899C476A2BE" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_ScheduleOfMinimumRentsComponentsTableTextblock" xlink:label="loc_frt_ScheduleOfMinimumRentsComponentsTableTextblock_24A7D99882F77590C7EAB899C4766010" 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_5312EA8F0E3099CFF798B899C4762649" xlink:to="loc_frt_ScheduleOfMinimumRentsComponentsTableTextblock_24A7D99882F77590C7EAB899C4766010" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_50A84B813D757991E43D6D597A2CD815" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_2C9B0B77A7422177432E6D597A32CF23" xlink:type="locator" />
    <presentationArc order="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_50A84B813D757991E43D6D597A2CD815" xlink:to="loc_us-gaap_AssetsAbstract_2C9B0B77A7422177432E6D597A32CF23" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RentalProperties" xlink:label="loc_us-gaap_RentalProperties_6E1DF88044C08A441D396D597A32AF3D" xlink:type="locator" />
    <presentationArc order="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_2C9B0B77A7422177432E6D597A32CF23" xlink:to="loc_us-gaap_RentalProperties_6E1DF88044C08A441D396D597A32AF3D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:label="loc_us-gaap_ConstructionInProgressGross_D9CB343ADAC01755654B6D597A3240C3" 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_2C9B0B77A7422177432E6D597A32CF23" xlink:to="loc_us-gaap_ConstructionInProgressGross_D9CB343ADAC01755654B6D597A3240C3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAtCost_B55156584CF2AB12388E6D597A32239F" 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_2C9B0B77A7422177432E6D597A32CF23" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAtCost_B55156584CF2AB12388E6D597A32239F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_263056D8980DB5048B576D597A322E35" 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_2C9B0B77A7422177432E6D597A32CF23" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_263056D8980DB5048B576D597A322E35" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_D0057B0C755B138D0F1C6D597A32255F" 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_2C9B0B77A7422177432E6D597A32CF23" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_D0057B0C755B138D0F1C6D597A32255F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_E1EA8DBC2F1693C2DB0C6D597A322732" 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_2C9B0B77A7422177432E6D597A32CF23" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_E1EA8DBC2F1693C2DB0C6D597A322732" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsAndNotesReceivableNet" xlink:label="loc_us-gaap_AccountsAndNotesReceivableNet_E07C6E1AF2D5B6251D596D597A32135B" 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_2C9B0B77A7422177432E6D597A32CF23" xlink:to="loc_us-gaap_AccountsAndNotesReceivableNet_E07C6E1AF2D5B6251D596D597A32135B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_C120F2F336F2D6A9F2646D597A325C37" 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_2C9B0B77A7422177432E6D597A32CF23" xlink:to="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_C120F2F336F2D6A9F2646D597A325C37" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_554CD8F42E74FA89E7006D597A32DD85" 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_2C9B0B77A7422177432E6D597A32CF23" xlink:to="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_554CD8F42E74FA89E7006D597A32DD85" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssets" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssets_970D1603F184BCD038C56D597A33C8B9" 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_2C9B0B77A7422177432E6D597A32CF23" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssets_970D1603F184BCD038C56D597A33C8B9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_77A1287E66D4D7E524DE6D597A33D47E" xlink:type="locator" />
    <presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_2C9B0B77A7422177432E6D597A32CF23" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_77A1287E66D4D7E524DE6D597A33D47E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_70A8D10A0C8826ADB88B6D597A3381D0" xlink:type="locator" />
    <presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_2C9B0B77A7422177432E6D597A32CF23" xlink:to="loc_us-gaap_Assets_70A8D10A0C8826ADB88B6D597A3381D0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_BAAC83AA685256F0E9446D597A333DD1" 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_50A84B813D757991E43D6D597A2CD815" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_BAAC83AA685256F0E9446D597A333DD1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="loc_us-gaap_LiabilitiesAbstract_CFD1913E71A023848C166D597A33F829" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_BAAC83AA685256F0E9446D597A333DD1" xlink:to="loc_us-gaap_LiabilitiesAbstract_CFD1913E71A023848C166D597A33F829" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SecuredDebt" xlink:label="loc_us-gaap_SecuredDebt_07B13F9020EBC95F9ECD6D597A3361B9" 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_CFD1913E71A023848C166D597A33F829" xlink:to="loc_us-gaap_SecuredDebt_07B13F9020EBC95F9ECD6D597A3361B9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalLeaseObligations" xlink:label="loc_us-gaap_CapitalLeaseObligations_6DAAF8FA7B8615C846926D597A33796C" 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_CFD1913E71A023848C166D597A33F829" xlink:to="loc_us-gaap_CapitalLeaseObligations_6DAAF8FA7B8615C846926D597A33796C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NotesPayable" xlink:label="loc_us-gaap_NotesPayable_CBD19AF41DEEFC72AB3F6D597A330677" 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_CFD1913E71A023848C166D597A33F829" xlink:to="loc_us-gaap_NotesPayable_CBD19AF41DEEFC72AB3F6D597A330677" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SeniorNotes" xlink:label="loc_us-gaap_SeniorNotes_4C1238525A277C3DC8856D597A338FD3" 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_CFD1913E71A023848C166D597A33F829" xlink:to="loc_us-gaap_SeniorNotes_4C1238525A277C3DC8856D597A338FD3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_9A694B69451945B96B086D597A3397CD" 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_CFD1913E71A023848C166D597A33F829" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_9A694B69451945B96B086D597A3397CD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_514ED839E5AFDE7C6EC76D597A33AD6B" 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_CFD1913E71A023848C166D597A33F829" xlink:to="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_514ED839E5AFDE7C6EC76D597A33AD6B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SecurityDepositLiability" xlink:label="loc_us-gaap_SecurityDepositLiability_FC4009BB04F6215A7D656D597A3343BC" 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_CFD1913E71A023848C166D597A33F829" xlink:to="loc_us-gaap_SecurityDepositLiability_FC4009BB04F6215A7D656D597A3343BC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredCreditsAndOtherLiabilities" xlink:label="loc_us-gaap_DeferredCreditsAndOtherLiabilities_C4E276E49B8B453741456D597A338ACF" 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_CFD1913E71A023848C166D597A33F829" xlink:to="loc_us-gaap_DeferredCreditsAndOtherLiabilities_C4E276E49B8B453741456D597A338ACF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_A7672BD1E83057A9BA4A6D597A33BD58" 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_CFD1913E71A023848C166D597A33F829" xlink:to="loc_us-gaap_Liabilities_A7672BD1E83057A9BA4A6D597A33BD58" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies_B650128B97140617098D6D597A33FDAB" 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_LiabilitiesAndStockholdersEquityAbstract_BAAC83AA685256F0E9446D597A333DD1" xlink:to="loc_us-gaap_CommitmentsAndContingencies_B650128B97140617098D6D597A33FDAB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_E0F3970195FDF9C5DA316D597A34D466" 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_LiabilitiesAndStockholdersEquityAbstract_BAAC83AA685256F0E9446D597A333DD1" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_E0F3970195FDF9C5DA316D597A34D466" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_6948C2870BB8C36118F66D597A344753" 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_LiabilitiesAndStockholdersEquityAbstract_BAAC83AA685256F0E9446D597A333DD1" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_6948C2870BB8C36118F66D597A344753" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="loc_us-gaap_PreferredStockValue_71DD44499753972658056D597A34DCE5" xlink:type="locator" />
    <presentationArc order="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_6948C2870BB8C36118F66D597A344753" xlink:to="loc_us-gaap_PreferredStockValue_71DD44499753972658056D597A34DCE5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_3ACC958AE78E8EED5BFE6D597A344F29" 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_6948C2870BB8C36118F66D597A344753" xlink:to="loc_us-gaap_CommonStockValue_3ACC958AE78E8EED5BFE6D597A344F29" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_88947171B2D769C85BF46D597A346012" 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_6948C2870BB8C36118F66D597A344753" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_88947171B2D769C85BF46D597A346012" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncome" xlink:label="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncome_418C55ED934E7B8548A06D597A34CF3B" 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_6948C2870BB8C36118F66D597A344753" xlink:to="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncome_418C55ED934E7B8548A06D597A34CF3B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_969EE010F9A45C64AB216D597A345E2D" 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_6948C2870BB8C36118F66D597A344753" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_969EE010F9A45C64AB216D597A345E2D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_9910C30129136C7B0C596D597A34D558" 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_6948C2870BB8C36118F66D597A344753" xlink:to="loc_us-gaap_StockholdersEquity_9910C30129136C7B0C596D597A34D558" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_A55A122384D657D6CADF6D597A34D22F" 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_6948C2870BB8C36118F66D597A344753" xlink:to="loc_us-gaap_MinorityInterest_A55A122384D657D6CADF6D597A34D22F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_6D0796DE4F5CBA219A946D597A34EF10" 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_6948C2870BB8C36118F66D597A344753" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_6D0796DE4F5CBA219A946D597A34EF10" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_6873901312CA9ED034F36D597A34AC0F" 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_StatementOfFinancialPositionAbstract_50A84B813D757991E43D6D597A2CD815" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_6873901312CA9ED034F36D597A34AC0F" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_B62A9FA38AC62B4B834B6D597A1C5037" xlink:type="locator" />
    <loc xlink:href="frt-20150930.xsd#frt_OperatingRealEstateFromConsolidatedVariableInterestEntities" xlink:label="loc_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_49BBECB26AFA4367F9FC6D597A1C59AB" xlink:type="locator" />
    <presentationArc order="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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_frt_OperatingRealEstateFromConsolidatedVariableInterestEntities_49BBECB26AFA4367F9FC6D597A1C59AB" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities" xlink:label="loc_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_4DCB8B089AF0064C94246D597A1C5E76" 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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_frt_AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities_4DCB8B089AF0064C94246D597A1C5E76" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccumulatedAmortizationDeferredFinanceCosts" xlink:label="loc_us-gaap_AccumulatedAmortizationDeferredFinanceCosts_D9140C9963DED09D50C16D597A1CAC06" 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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_us-gaap_AccumulatedAmortizationDeferredFinanceCosts_D9140C9963DED09D50C16D597A1CAC06" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_MortgagePayableFromConsolidatedVariableInterestEntities" xlink:label="loc_frt_MortgagePayableFromConsolidatedVariableInterestEntities_ECD12ED2886EC9B4799C6D597A1CCB2D" 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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_frt_MortgagePayableFromConsolidatedVariableInterestEntities_ECD12ED2886EC9B4799C6D597A1CCB2D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="loc_us-gaap_PreferredStockSharesAuthorized_013D278B9AFDC46EE5C76D597A1C1A9A" 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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_us-gaap_PreferredStockSharesAuthorized_013D278B9AFDC46EE5C76D597A1C1A9A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare_95CCC6FA7A108B1CE4A36D597A1C7BE5" 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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_us-gaap_PreferredStockParOrStatedValuePerShare_95CCC6FA7A108B1CE4A36D597A1C7BE5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="loc_us-gaap_PreferredStockDividendRatePercentage_90260F15889E099A71C36D597A1D9420" 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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_90260F15889E099A71C36D597A1D9420" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockLiquidationPreference" xlink:label="loc_us-gaap_PreferredStockLiquidationPreference_2E06831EEEA69694FEA16D597A1D3808" 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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_us-gaap_PreferredStockLiquidationPreference_2E06831EEEA69694FEA16D597A1D3808" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="loc_us-gaap_PreferredStockSharesIssued_7C3A5A4E2E23ABD38B046D597A1D7A9C" 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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_us-gaap_PreferredStockSharesIssued_7C3A5A4E2E23ABD38B046D597A1D7A9C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_79647CAD8A2C9D83A40F6D597A2236AC" 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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_79647CAD8A2C9D83A40F6D597A2236AC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_21728B0A8AD7AB4B19466D597A22957E" 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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_21728B0A8AD7AB4B19466D597A22957E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_B407AAF92CE4DEC8A8D16D597A22E354" 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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_B407AAF92CE4DEC8A8D16D597A22E354" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaap_CommonStockSharesIssued_98EBC72DEA9C60426AB26D597A22E4B0" 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_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_us-gaap_CommonStockSharesIssued_98EBC72DEA9C60426AB26D597A22E4B0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_B2F3139FD4C95818E8AE6D597A22EC2F" 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_StatementOfFinancialPositionAbstract_B62A9FA38AC62B4B834B6D597A1C5037" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_B2F3139FD4C95818E8AE6D597A22EC2F" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_970ACC4C68BCA8E51CC16D5979EB4BB6" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_B79E7B27D431FCAC8D2D6D5979EB8D6D" xlink:type="locator" />
    <presentationArc order="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_970ACC4C68BCA8E51CC16D5979EB4BB6" xlink:to="loc_us-gaap_StatementTable_B79E7B27D431FCAC8D2D6D5979EB8D6D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_E0C758A9C6B0D9F28F326D5979EBA674" 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_B79E7B27D431FCAC8D2D6D5979EB8D6D" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_E0C758A9C6B0D9F28F326D5979EBA674" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_95C82A35063F7AA6F1536D5979F0216D" xlink:type="locator" />
    <presentationArc order="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_E0C758A9C6B0D9F28F326D5979EBA674" xlink:to="loc_us-gaap_EquityComponentDomain_95C82A35063F7AA6F1536D5979F0216D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="loc_us-gaap_PreferredStockMember_7822DDCCA2D4D859AC1D6D5979F0A87F" xlink:type="locator" />
    <presentationArc order="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_95C82A35063F7AA6F1536D5979F0216D" xlink:to="loc_us-gaap_PreferredStockMember_7822DDCCA2D4D859AC1D6D5979F0A87F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_1EB1146209316E7FF5246D5979F03173" 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_95C82A35063F7AA6F1536D5979F0216D" xlink:to="loc_us-gaap_CommonStockMember_1EB1146209316E7FF5246D5979F03173" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_727E00106B457F9C469B6D5979F05881" 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_95C82A35063F7AA6F1536D5979F0216D" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_727E00106B457F9C469B6D5979F05881" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:label="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_BA6635C597DEAB3E5BA36D5979F0F52A" 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_95C82A35063F7AA6F1536D5979F0216D" xlink:to="loc_us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_BA6635C597DEAB3E5BA36D5979F0F52A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_D8E064A615F96627805B6D5979F1F3F9" 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_95C82A35063F7AA6F1536D5979F0216D" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_D8E064A615F96627805B6D5979F1F3F9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="loc_us-gaap_NoncontrollingInterestMember_346EFD9E1AE40380C89F6D5979F1264D" 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_95C82A35063F7AA6F1536D5979F0216D" xlink:to="loc_us-gaap_NoncontrollingInterestMember_346EFD9E1AE40380C89F6D5979F1264D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_35386068172DE29CF8B96D5979F16394" 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_B79E7B27D431FCAC8D2D6D5979EB8D6D" xlink:to="loc_us-gaap_StatementLineItems_35386068172DE29CF8B96D5979F16394" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:type="locator" />
    <presentationArc order="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_35386068172DE29CF8B96D5979F16394" xlink:to="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="loc_us-gaap_SharesOutstanding_512D51BC8845DE5486F06D5979F17639" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_SharesOutstanding_512D51BC8845DE5486F06D5979F17639" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_50C10F1E174E26DB60D16D5979F1B363" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_50C10F1E174E26DB60D16D5979F1B363" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_ProfitLossExcludingRedeemableNoncontrollingInterests" xlink:label="loc_frt_ProfitLossExcludingRedeemableNoncontrollingInterests_A96BF8A8C3A45537CD766D5979F1A26B" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_frt_ProfitLossExcludingRedeemableNoncontrollingInterests_A96BF8A8C3A45537CD766D5979F1A26B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_E8DE04400946CE9C34A16D5979F1BAA7" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_E8DE04400946CE9C34A16D5979F1BAA7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:label="loc_us-gaap_DividendsCommonStockCash_8FBB377CD32AF50339546D5979F1DD9E" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_DividendsCommonStockCash_8FBB377CD32AF50339546D5979F1DD9E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DividendsPreferredStockCash" xlink:label="loc_us-gaap_DividendsPreferredStockCash_C18F39F53451EEDEDE356D5979F12E99" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_DividendsPreferredStockCash_C18F39F53451EEDEDE356D5979F12E99" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_9B389EFB7DA01D7DD1756D5979F18AD3" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_9B389EFB7DA01D7DD1756D5979F18AD3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_F824301D9E809271C5D36D5979F112BF" 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_IncreaseDecreaseInStockholdersEquityRollForward_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_F824301D9E809271C5D36D5979F112BF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_D69965D1FC0959AFA6766D5979F1B73E" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_D69965D1FC0959AFA6766D5979F1B73E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_ACA82FC22873480717D66D5979F1EA5C" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_ACA82FC22873480717D66D5979F1EA5C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_65C27CC5FBB4EB907A0C6D5979F2CA5B" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_65C27CC5FBB4EB907A0C6D5979F2CA5B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_45D42A69365DE08016036D5979F221B3" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_45D42A69365DE08016036D5979F221B3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_B20D676E1D464F9093B06D5979F2D86E" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_B20D676E1D464F9093B06D5979F2D86E" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_ShareBasedCompensationExpenseNetShares" xlink:label="loc_frt_ShareBasedCompensationExpenseNetShares_28D1A924C33CBAA5AF316D5979F2BA0A" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_frt_ShareBasedCompensationExpenseNetShares_28D1A924C33CBAA5AF316D5979F2BA0A" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_ShareBasedCompensationExpenseNetValue" xlink:label="loc_frt_ShareBasedCompensationExpenseNetValue_885A5B27071522895C686D5979F2B953" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_frt_ShareBasedCompensationExpenseNetValue_885A5B27071522895C686D5979F2B953" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_Commonshareswithheldforemployeetaxes" xlink:label="loc_frt_Commonshareswithheldforemployeetaxes_87E8C268085AD2265B716D5979F2AE4A" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_frt_Commonshareswithheldforemployeetaxes_87E8C268085AD2265B716D5979F2AE4A" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_Shareswithheldforemployeetaxesnetvalue" xlink:label="loc_frt_Shareswithheldforemployeetaxesnetvalue_36ACFDD870FD350F9B9D6D5979F2AFAD" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_frt_Shareswithheldforemployeetaxesnetvalue_36ACFDD870FD350F9B9D6D5979F2AFAD" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares" xlink:label="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_1D918EFD6FCD847478996D5979F29BBD" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnitsInShares_1D918EFD6FCD847478996D5979F29BBD" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_ConversionAndRedemptionOfOperatingPartnershipUnits" xlink:label="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnits_1026FF9C08AAD7E9E1E16D5979F2B4FD" xlink:type="locator" />
    <presentationArc order="19" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_frt_ConversionAndRedemptionOfOperatingPartnershipUnits_1026FF9C08AAD7E9E1E16D5979F2B4FD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:label="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_77D3DBBF1AE4C6BE1F086D5979F247DC" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_77D3DBBF1AE4C6BE1F086D5979F247DC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityOther" xlink:label="loc_us-gaap_StockholdersEquityOther_41201CA3FFEE7ACFC9A56D5979F27A56" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_StockholdersEquityOther_41201CA3FFEE7ACFC9A56D5979F27A56" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="loc_us-gaap_SharesOutstanding_BD8C8E2F6A11BEA4496B6D5979F2F357" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_SharesOutstanding_BD8C8E2F6A11BEA4496B6D5979F2F357" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_DB7BC7F7A18B4A6AA9BE6D5979F2CBFC" 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_364AFC81F9EF3D3CC6936D5979F1E8C2" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_DB7BC7F7A18B4A6AA9BE6D5979F2CBFC" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_03BBD6DFA20244533ECA6D5979D9439C" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_5C9E177F824F1C5154466D5979D9FDC4" xlink:type="locator" />
    <presentationArc order="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_03BBD6DFA20244533ECA6D5979D9439C" xlink:to="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_5C9E177F824F1C5154466D5979D9FDC4" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_FA8E8DFEA3F83E2F6C66A6AF140CD282" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_05A22B430D3DB6CBD9FEA6AF140CB0E0" xlink:type="locator" />
    <presentationArc order="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_FA8E8DFEA3F83E2F6C66A6AF140CD282" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_05A22B430D3DB6CBD9FEA6AF140CB0E0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_9F53F1CF841E8B4E76D5A6AF140C234B" xlink:type="locator" />
    <presentationArc order="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_05A22B430D3DB6CBD9FEA6AF140CB0E0" xlink:to="loc_us-gaap_ProfitLoss_9F53F1CF841E8B4E76D5A6AF140C234B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_34B4A01BC2723F693188A6AF140CAC82" 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_05A22B430D3DB6CBD9FEA6AF140CB0E0" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_34B4A01BC2723F693188A6AF140CAC82" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_AdjustmentDepreciationAndAmortization" xlink:label="loc_frt_AdjustmentDepreciationAndAmortization_53E71883B090B7CE5992A6AF140CA3EE" xlink:type="locator" />
    <presentationArc order="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_34B4A01BC2723F693188A6AF140CAC82" xlink:to="loc_frt_AdjustmentDepreciationAndAmortization_53E71883B090B7CE5992A6AF140CA3EE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainLossOnSaleOfProperties" xlink:label="loc_us-gaap_GainLossOnSaleOfProperties_CEE497B9B265564A7B02A6AF140C057D" 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_34B4A01BC2723F693188A6AF140CAC82" xlink:to="loc_us-gaap_GainLossOnSaleOfProperties_CEE497B9B265564A7B02A6AF140C057D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_BF7B45CE8EAD3545F572A6AF140CB8DB" 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_34B4A01BC2723F693188A6AF140CAC82" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_BF7B45CE8EAD3545F572A6AF140CB8DB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_A4B514B0CACF5B06BE6AA6AF140D21FA" 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_34B4A01BC2723F693188A6AF140CAC82" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_A4B514B0CACF5B06BE6AA6AF140D21FA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_2F308EEC5B7D43FF9F5FA6AF140D8D08" 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_34B4A01BC2723F693188A6AF140CAC82" xlink:to="loc_us-gaap_OtherNoncashIncomeExpense_2F308EEC5B7D43FF9F5FA6AF140D8D08" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_86D60A281579F4E56180A6AF140D29D1" 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_05A22B430D3DB6CBD9FEA6AF140CB0E0" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_86D60A281579F4E56180A6AF140D29D1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_D18421B0DBF7ABE21839A6AF140D95C7" 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_86D60A281579F4E56180A6AF140D29D1" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_D18421B0DBF7ABE21839A6AF140D95C7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_1EBA73EE77276048F0E5A6AF140D6209" 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_86D60A281579F4E56180A6AF140D29D1" xlink:to="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_1EBA73EE77276048F0E5A6AF140D6209" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_CD3DFE9FC1CC94137A10A6AF140D9058" 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_86D60A281579F4E56180A6AF140D29D1" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_CD3DFE9FC1CC94137A10A6AF140D9058" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities" xlink:label="loc_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_D7B04EC773DCD5317D9EA6AF140DF589" 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_86D60A281579F4E56180A6AF140D29D1" xlink:to="loc_frt_IncreaseDecreaseInSecurityDepositsAndOtherLiabilities_D7B04EC773DCD5317D9EA6AF140DF589" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_2340CE892C0CB428403FA6AF140D2817" 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_05A22B430D3DB6CBD9FEA6AF140CB0E0" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_2340CE892C0CB428403FA6AF140D2817" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_38235FFAC868453306A8A6AF140D24E2" 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_FA8E8DFEA3F83E2F6C66A6AF140CD282" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_38235FFAC868453306A8A6AF140D24E2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:label="loc_us-gaap_PaymentsToAcquireRealEstate_2A4F14AB64000AD9DA6DA6AF140D67C4" 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_38235FFAC868453306A8A6AF140D24E2" xlink:to="loc_us-gaap_PaymentsToAcquireRealEstate_2A4F14AB64000AD9DA6DA6AF140D67C4" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_CapitalExpendituresDevelopmentRedevelopment" xlink:label="loc_frt_CapitalExpendituresDevelopmentRedevelopment_0ACE388A3BA68F5AA7D4A6AF140D3AD2" 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_38235FFAC868453306A8A6AF140D24E2" xlink:to="loc_frt_CapitalExpendituresDevelopmentRedevelopment_0ACE388A3BA68F5AA7D4A6AF140D3AD2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsForCapitalImprovements" xlink:label="loc_us-gaap_PaymentsForCapitalImprovements_39C70EE28C4A19936E50A6AF140DAC52" 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_38235FFAC868453306A8A6AF140D24E2" xlink:to="loc_us-gaap_PaymentsForCapitalImprovements_39C70EE28C4A19936E50A6AF140DAC52" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:label="loc_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_FD6FEBD0C00A1000DFFEA6AF140ED2EA" 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_38235FFAC868453306A8A6AF140D24E2" xlink:to="loc_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_FD6FEBD0C00A1000DFFEA6AF140ED2EA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="loc_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_599B07A8FDB5E05F5F52A6AF140EB631" 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_38235FFAC868453306A8A6AF140D24E2" xlink:to="loc_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_599B07A8FDB5E05F5F52A6AF140EB631" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships" xlink:label="loc_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_68BB1C15874FD778B178A6AF140E92BC" 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_38235FFAC868453306A8A6AF140D24E2" xlink:to="loc_us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships_68BB1C15874FD778B178A6AF140E92BC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts" xlink:label="loc_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_A4D995D51A48AC3BADF2A6AF140EFDEE" 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_38235FFAC868453306A8A6AF140D24E2" xlink:to="loc_us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts_A4D995D51A48AC3BADF2A6AF140EFDEE" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet" xlink:label="loc_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_2FE79A6E3E94D914587DA6AF140ED889" 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_38235FFAC868453306A8A6AF140D24E2" xlink:to="loc_frt_IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet_2FE79A6E3E94D914587DA6AF140ED889" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_1A002E17E3EEACE44C7BA6AF140E593E" 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_38235FFAC868453306A8A6AF140D24E2" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_1A002E17E3EEACE44C7BA6AF140E593E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_A2BE7F1E09F6149BFCE7A6AF140ED825" 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_FA8E8DFEA3F83E2F6C66A6AF140CD282" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_A2BE7F1E09F6149BFCE7A6AF140ED825" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_ProceedsFromRepaymentsOfCreditFacility" xlink:label="loc_frt_ProceedsFromRepaymentsOfCreditFacility_D7F258FAEF8D1427D9B4A6AF140E0D3D" xlink:type="locator" />
    <presentationArc order="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_A2BE7F1E09F6149BFCE7A6AF140ED825" xlink:to="loc_frt_ProceedsFromRepaymentsOfCreditFacility_D7F258FAEF8D1427D9B4A6AF140E0D3D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_3512C7411CD84A05873DA6AF140E8C6C" 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_A2BE7F1E09F6149BFCE7A6AF140ED825" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_3512C7411CD84A05873DA6AF140E8C6C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RepaymentsOfSeniorDebt" xlink:label="loc_us-gaap_RepaymentsOfSeniorDebt_632E8FCB96A5672E6D95A6AF140EB462" 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_A2BE7F1E09F6149BFCE7A6AF140ED825" xlink:to="loc_us-gaap_RepaymentsOfSeniorDebt_632E8FCB96A5672E6D95A6AF140EB462" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities_374B2BFD4295BE05B3F5A6AF140E6888" 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_A2BE7F1E09F6149BFCE7A6AF140ED825" xlink:to="loc_us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities_374B2BFD4295BE05B3F5A6AF140E6888" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_32C521C1DA2455D9685BA6AF140E3E41" 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_A2BE7F1E09F6149BFCE7A6AF140ED825" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_32C521C1DA2455D9685BA6AF140E3E41" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_DividendsPaidToCommonAndPreferredShareholders" xlink:label="loc_frt_DividendsPaidToCommonAndPreferredShareholders_50405F20EB4E60F561BFA6AF140E12B9" 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_A2BE7F1E09F6149BFCE7A6AF140ED825" xlink:to="loc_frt_DividendsPaidToCommonAndPreferredShareholders_50405F20EB4E60F561BFA6AF140E12B9" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_Paymentsofdividendsandredemptionsminorityinterest" xlink:label="loc_frt_Paymentsofdividendsandredemptionsminorityinterest_C19CBDA242E882931C21A6AF140E0E2A" 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_A2BE7F1E09F6149BFCE7A6AF140ED825" xlink:to="loc_frt_Paymentsofdividendsandredemptionsminorityinterest_C19CBDA242E882931C21A6AF140E0E2A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_640A8EFF62ED820D1669A6AF140ED5E3" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_A2BE7F1E09F6149BFCE7A6AF140ED825" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_640A8EFF62ED820D1669A6AF140ED5E3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_3D1EAC92F6C273D5B994A6AF140EA8BB" 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_FA8E8DFEA3F83E2F6C66A6AF140CD282" xlink:to="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_3D1EAC92F6C273D5B994A6AF140EA8BB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_C297C75C57A4AF1E0C73A6AF140E4CC3" 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_FA8E8DFEA3F83E2F6C66A6AF140CD282" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_C297C75C57A4AF1E0C73A6AF140E4CC3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_84EF5D26D8BCC5C0C355A6AF140FE5F3" 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_FA8E8DFEA3F83E2F6C66A6AF140CD282" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_84EF5D26D8BCC5C0C355A6AF140FE5F3" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ConsolidatedStatementsOfComprehensiveIncome" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="loc_us-gaap_IncomeStatementAbstract_AEA168BF842E831E470385C242A28766" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="loc_us-gaap_RevenuesAbstract_48D894286A3676ED69E885C242A3482F" xlink:type="locator" />
    <presentationArc order="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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_RevenuesAbstract_48D894286A3676ED69E885C242A3482F" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_RentalIncome" xlink:label="loc_frt_RentalIncome_937CA78B448D3F16F6D885C242A45EB4" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_48D894286A3676ED69E885C242A3482F" xlink:to="loc_frt_RentalIncome_937CA78B448D3F16F6D885C242A45EB4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherRealEstateRevenue" xlink:label="loc_us-gaap_OtherRealEstateRevenue_B424881CC23B1D7AFF7E85C242A55592" 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_48D894286A3676ED69E885C242A3482F" xlink:to="loc_us-gaap_OtherRealEstateRevenue_B424881CC23B1D7AFF7E85C242A55592" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_RevenueMortgageInterest" xlink:label="loc_frt_RevenueMortgageInterest_8ABA1E68EB51C3F1F49285C242A5C6A2" 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_48D894286A3676ED69E885C242A3482F" xlink:to="loc_frt_RevenueMortgageInterest_8ABA1E68EB51C3F1F49285C242A5C6A2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_Revenues" xlink:label="loc_us-gaap_Revenues_BD72A2E7C5A6D1188B7985C242A5981A" 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_48D894286A3676ED69E885C242A3482F" xlink:to="loc_us-gaap_Revenues_BD72A2E7C5A6D1188B7985C242A5981A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="loc_us-gaap_OperatingExpensesAbstract_C3BEB7D514EEB1D60D2C85C242A5EE86" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_OperatingExpensesAbstract_C3BEB7D514EEB1D60D2C85C242A5EE86" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:label="loc_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_6C3720AE07049BDDA17F85C242A5D5A3" xlink:type="locator" />
    <presentationArc order="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_C3BEB7D514EEB1D60D2C85C242A5EE86" xlink:to="loc_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_6C3720AE07049BDDA17F85C242A5D5A3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateTaxExpense" xlink:label="loc_us-gaap_RealEstateTaxExpense_4C264C6B11520711B50285C242A5D5F4" 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_C3BEB7D514EEB1D60D2C85C242A5EE86" xlink:to="loc_us-gaap_RealEstateTaxExpense_4C264C6B11520711B50285C242A5D5F4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_E7D9C2E7B5C0F388155E85C242A51C73" 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_C3BEB7D514EEB1D60D2C85C242A5EE86" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_E7D9C2E7B5C0F388155E85C242A51C73" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="loc_us-gaap_DepreciationAndAmortization_A8AAD5CC368EC31CF0CB85C242A562EF" 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_C3BEB7D514EEB1D60D2C85C242A5EE86" xlink:to="loc_us-gaap_DepreciationAndAmortization_A8AAD5CC368EC31CF0CB85C242A562EF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="loc_us-gaap_OperatingExpenses_4503B5CFDB0C39FB3F6885C242A5073A" 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_C3BEB7D514EEB1D60D2C85C242A5EE86" xlink:to="loc_us-gaap_OperatingExpenses_4503B5CFDB0C39FB3F6885C242A5073A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_403004B2A3F3E9B2A42885C242A5FB4E" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_OperatingIncomeLoss_403004B2A3F3E9B2A42885C242A5FB4E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestIncomeOther" xlink:label="loc_us-gaap_InterestIncomeOther_5007D7568344E78F2A0385C242A5C170" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_InterestIncomeOther_5007D7568344E78F2A0385C242A5C170" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_1FEAAF137755994CEA6185C242A5638C" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_InterestExpense_1FEAAF137755994CEA6185C242A5638C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_13279970C7482AE79C6E85C242A547DA" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_13279970C7482AE79C6E85C242A547DA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_004672FB444F414C37F885C242A5325E" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_004672FB444F414C37F885C242A5325E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_AF34F39B4ACEF0B0D63585C242A5AA7E" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_AF34F39B4ACEF0B0D63585C242A5AA7E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes" xlink:label="loc_us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes_2A74D743D9ECB50D920185C242A5C8D5" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes_2A74D743D9ECB50D920185C242A5C8D5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_0430B869B4D2868AD9EB85C242A64E53" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_ProfitLoss_0430B869B4D2868AD9EB85C242A64E53" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_08D60F981016756886D685C242A673AD" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_08D60F981016756886D685C242A673AD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_9039AFEC8A22EA483D2385C242A68A74" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_NetIncomeLoss_9039AFEC8A22EA483D2385C242A68A74" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_E42A717E190A0D9253C985C242A698E7" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_E42A717E190A0D9253C985C242A698E7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_8442CD5D7C54806ED55085C242A697FD" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_8442CD5D7C54806ED55085C242A697FD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="loc_us-gaap_EarningsPerShareBasicAbstract_E2B73E1FAB73C3BAAFF485C242A6EF96" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_EarningsPerShareBasicAbstract_E2B73E1FAB73C3BAAFF485C242A6EF96" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_CBC54C1E616178588E4485C242A6F543" xlink:type="locator" />
    <presentationArc order="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_E2B73E1FAB73C3BAAFF485C242A6EF96" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_CBC54C1E616178588E4485C242A6F543" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_GainOnSaleOfRealEstatePerBasicShare" xlink:label="loc_frt_GainOnSaleOfRealEstatePerBasicShare_AE3F72692A8CFE2157FE85C242A699DE" 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_E2B73E1FAB73C3BAAFF485C242A6EF96" xlink:to="loc_frt_GainOnSaleOfRealEstatePerBasicShare_AE3F72692A8CFE2157FE85C242A699DE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_3BEDD0F4B36D4E41146F85C242A6345C" 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_E2B73E1FAB73C3BAAFF485C242A6EF96" xlink:to="loc_us-gaap_EarningsPerShareBasic_3BEDD0F4B36D4E41146F85C242A6345C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_9F1DE77EB261A0F1DBB685C242A69FD2" 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_E2B73E1FAB73C3BAAFF485C242A6EF96" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_9F1DE77EB261A0F1DBB685C242A69FD2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="loc_us-gaap_EarningsPerShareDilutedAbstract_9F385CDF318878DBF36185C242A674E7" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_EarningsPerShareDilutedAbstract_9F385CDF318878DBF36185C242A674E7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_F7B26668B6E5DB34358B85C242A6A4AC" xlink:type="locator" />
    <presentationArc order="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_9F385CDF318878DBF36185C242A674E7" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_F7B26668B6E5DB34358B85C242A6A4AC" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_GainOnSaleOfRealEstatePerDilutedShare" xlink:label="loc_frt_GainOnSaleOfRealEstatePerDilutedShare_47C77B4ABBC3DFB1AD2685C242A689F8" 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_9F385CDF318878DBF36185C242A674E7" xlink:to="loc_frt_GainOnSaleOfRealEstatePerDilutedShare_47C77B4ABBC3DFB1AD2685C242A689F8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_BBD7634FB28AC08AB0C285C242A646B8" 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_9F385CDF318878DBF36185C242A674E7" xlink:to="loc_us-gaap_EarningsPerShareDiluted_BBD7634FB28AC08AB0C285C242A646B8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_B5BC25178C097FE1C9D185C242A6FA94" 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_9F385CDF318878DBF36185C242A674E7" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_B5BC25178C097FE1C9D185C242A6FA94" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_AA0C5004409CE19551AE85C242A61D74" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_AA0C5004409CE19551AE85C242A61D74" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_4DA13B5CBE6FF8D4A8FB85C242A6BCDD" 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_AEA168BF842E831E470385C242A28766" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_4DA13B5CBE6FF8D4A8FB85C242A6BCDD" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentsAbstract" xlink:label="loc_us-gaap_DebtInstrumentsAbstract_E3843022FAFFA50C967BB899C3437AE5" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_F8E4E8BFC275F3CC4468B899C34326E3" 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_E3843022FAFFA50C967BB899C3437AE5" xlink:to="loc_us-gaap_DebtDisclosureTextBlock_F8E4E8BFC275F3CC4468B899C34326E3" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentsAbstract" xlink:label="loc_us-gaap_DebtInstrumentsAbstract_0B6BF6EE5B916981DC9ACF49929D3076" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="loc_us-gaap_DebtInstrumentTable_99ABD270EEFF9F40F6E0CF49929F7973" xlink:type="locator" />
    <presentationArc order="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_0B6BF6EE5B916981DC9ACF49929D3076" xlink:to="loc_us-gaap_DebtInstrumentTable_99ABD270EEFF9F40F6E0CF49929F7973" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_VariableRateAxis" xlink:label="loc_us-gaap_VariableRateAxis_B1915FF5D3D46E7F835CCF4DFC6D726D" xlink:type="locator" />
    <presentationArc order="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_99ABD270EEFF9F40F6E0CF49929F7973" xlink:to="loc_us-gaap_VariableRateAxis_B1915FF5D3D46E7F835CCF4DFC6D726D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_VariableRateDomain" xlink:label="loc_us-gaap_VariableRateDomain_576E22EB529EC6B337DECF4DFC80D003" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateAxis_B1915FF5D3D46E7F835CCF4DFC6D726D" xlink:to="loc_us-gaap_VariableRateDomain_576E22EB529EC6B337DECF4DFC80D003" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_3FEA897B74E3972E7719CF49929F960D" 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_99ABD270EEFF9F40F6E0CF49929F7973" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_3FEA897B74E3972E7719CF49929F960D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_1109FC2CC0DBBEAE5C97CF49929FC3DD" xlink:type="locator" />
    <presentationArc order="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_3FEA897B74E3972E7719CF49929F960D" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_1109FC2CC0DBBEAE5C97CF49929FC3DD" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_BarracksRoadMember" xlink:label="loc_frt_BarracksRoadMember_0EAB96EF194BBC6A8217CF4992A0D7B2" xlink:type="locator" />
    <presentationArc order="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_1109FC2CC0DBBEAE5C97CF49929FC3DD" xlink:to="loc_frt_BarracksRoadMember_0EAB96EF194BBC6A8217CF4992A0D7B2" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_BrickPlazaMember" xlink:label="loc_frt_BrickPlazaMember_E0C1D692425D05FD9381CF4992A09D9D" 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_1109FC2CC0DBBEAE5C97CF49929FC3DD" xlink:to="loc_frt_BrickPlazaMember_E0C1D692425D05FD9381CF4992A09D9D" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_WynnewoodMember" xlink:label="loc_frt_WynnewoodMember_FD16E4F88E66CBB28BC7CF4992A58517" 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_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_1109FC2CC0DBBEAE5C97CF49929FC3DD" xlink:to="loc_frt_WynnewoodMember_FD16E4F88E66CBB28BC7CF4992A58517" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_LawrenceParkMember" xlink:label="loc_frt_LawrenceParkMember_DEB8F6965D08BD7856F0CF4992A5F7FD" 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_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_1109FC2CC0DBBEAE5C97CF49929FC3DD" xlink:to="loc_frt_LawrenceParkMember_DEB8F6965D08BD7856F0CF4992A5F7FD" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_WildwoodMember" xlink:label="loc_frt_WildwoodMember_33DA490F5BE1341647DCCF4992A57771" 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_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_1109FC2CC0DBBEAE5C97CF49929FC3DD" xlink:to="loc_frt_WildwoodMember_33DA490F5BE1341647DCCF4992A57771" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_HauppaugeMember" xlink:label="loc_frt_HauppaugeMember_BECE29DDC1E63310FF91CF4992A5FEA3" 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_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_1109FC2CC0DBBEAE5C97CF49929FC3DD" xlink:to="loc_frt_HauppaugeMember_BECE29DDC1E63310FF91CF4992A5FEA3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_60261ECEE4CB3619CB37CF4992A5C2F5" 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_99ABD270EEFF9F40F6E0CF49929F7973" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_60261ECEE4CB3619CB37CF4992A5C2F5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_2E10665368966FC09583CF4992A59426" xlink:type="locator" />
    <presentationArc order="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_60261ECEE4CB3619CB37CF4992A5C2F5" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_2E10665368966FC09583CF4992A59426" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_SanAntonioCenterMember" xlink:label="loc_frt_SanAntonioCenterMember_F282AE5BD5D2C6A46706CF4992A54FAE" xlink:type="locator" />
    <presentationArc order="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_2E10665368966FC09583CF4992A59426" xlink:to="loc_frt_SanAntonioCenterMember_F282AE5BD5D2C6A46706CF4992A54FAE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_D2BA321AB946F9CCA49DCF4992A51838" 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_99ABD270EEFF9F40F6E0CF49929F7973" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_D2BA321AB946F9CCA49DCF4992A51838" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_B03F0341C37DBCB807CECF4992A54392" xlink:type="locator" />
    <presentationArc order="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_D2BA321AB946F9CCA49DCF4992A51838" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_B03F0341C37DBCB807CECF4992A54392" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgagesMember" xlink:label="loc_us-gaap_MortgagesMember_1B0B27CB05DB5F857BC4CF4992A6A011" xlink:type="locator" />
    <presentationArc order="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_B03F0341C37DBCB807CECF4992A54392" xlink:to="loc_us-gaap_MortgagesMember_1B0B27CB05DB5F857BC4CF4992A6A011" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SeniorNotesMember" xlink:label="loc_us-gaap_SeniorNotesMember_9B4FA823C686B20BD002CF4992A63EF1" 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_B03F0341C37DBCB807CECF4992A54392" xlink:to="loc_us-gaap_SeniorNotesMember_9B4FA823C686B20BD002CF4992A63EF1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="loc_us-gaap_LineOfCreditMember_5E16375971971F12C492CF4992A641FC" 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_LongtermDebtTypeDomain_B03F0341C37DBCB807CECF4992A54392" xlink:to="loc_us-gaap_LineOfCreditMember_5E16375971971F12C492CF4992A641FC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="loc_us-gaap_CreditFacilityAxis_35207578DA236F0FFF2DCF4992A63857" 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_DebtInstrumentTable_99ABD270EEFF9F40F6E0CF49929F7973" xlink:to="loc_us-gaap_CreditFacilityAxis_35207578DA236F0FFF2DCF4992A63857" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_D5D1AAE7DA1EE19EE531CF4992A6CBC3" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_35207578DA236F0FFF2DCF4992A63857" xlink:to="loc_us-gaap_CreditFacilityDomain_D5D1AAE7DA1EE19EE531CF4992A6CBC3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="loc_us-gaap_RevolvingCreditFacilityMember_F57ADA7E24993CB894ECCF4992A65BAB" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_D5D1AAE7DA1EE19EE531CF4992A6CBC3" xlink:to="loc_us-gaap_RevolvingCreditFacilityMember_F57ADA7E24993CB894ECCF4992A65BAB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_709D2F85CE4FCE7BC1B9CF4992A6434F" xlink:type="locator" />
    <presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_99ABD270EEFF9F40F6E0CF49929F7973" xlink:to="loc_us-gaap_DebtInstrumentAxis_709D2F85CE4FCE7BC1B9CF4992A6434F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_9C5FEF513F48E7FA1751CF4992A6010F" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_709D2F85CE4FCE7BC1B9CF4992A6434F" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_9C5FEF513F48E7FA1751CF4992A6010F" 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_DebtInstrumentNameDomain_9C5FEF513F48E7FA1751CF4992A6010F" xlink:to="loc_us-gaap_MortgagesMember_1B0B27CB05DB5F857BC4CF4992A6A011" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_A4.50SeniornotesMember" xlink:label="loc_frt_A4.50SeniornotesMember_3FBB2114184A785853DBCF4992A6E88F" 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_9C5FEF513F48E7FA1751CF4992A6010F" xlink:to="loc_frt_A4.50SeniornotesMember_3FBB2114184A785853DBCF4992A6E88F" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_A6.20SeniornotesMember" xlink:label="loc_frt_A6.20SeniornotesMember_777C3A288D93700561CCCF4992A60A8C" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_9C5FEF513F48E7FA1751CF4992A6010F" xlink:to="loc_frt_A6.20SeniornotesMember_777C3A288D93700561CCCF4992A60A8C" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_A2.55SeniorNotesMember" xlink:label="loc_frt_A2.55SeniorNotesMember_33E0AB8D101197DDE099CF4992A68F1C" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_9C5FEF513F48E7FA1751CF4992A6010F" xlink:to="loc_frt_A2.55SeniorNotesMember_33E0AB8D101197DDE099CF4992A68F1C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_4E22CA3210CE6D41E314CF4992A63251" 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_DebtInstrumentTable_99ABD270EEFF9F40F6E0CF49929F7973" xlink:to="loc_us-gaap_DebtInstrumentLineItems_4E22CA3210CE6D41E314CF4992A63251" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_61AE7D12D9ECE5DBB8E6CF4992A651F7" xlink:type="locator" />
    <presentationArc order="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_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_61AE7D12D9ECE5DBB8E6CF4992A651F7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="loc_us-gaap_DebtInstrumentFairValue_8AAA2754FC5EB2F48FACCF4992A7C647" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_DebtInstrumentFairValue_8AAA2754FC5EB2F48FACCF4992A7C647" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_43290D9923C51847F948CF4992A79892" 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_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_43290D9923C51847F948CF4992A79892" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_NoteOfferingPercent" xlink:label="loc_frt_NoteOfferingPercent_378A084E0694D05F1CD2CF4992A71712" 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_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_frt_NoteOfferingPercent_378A084E0694D05F1CD2CF4992A71712" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_Debtyieldtomaturitypercent" xlink:label="loc_frt_Debtyieldtomaturitypercent_F93F166FC18F1302109CCF4992A86F3F" 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_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_frt_Debtyieldtomaturitypercent_F93F166FC18F1302109CCF4992A86F3F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_BB0DF00CA9EAE399FEDDCF4992A8F908" 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_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_BB0DF00CA9EAE399FEDDCF4992A8F908" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RepaymentsOfDebt" xlink:label="loc_us-gaap_RepaymentsOfDebt_BA40649BCFBF9C7C2904CF4992A81727" 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_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_RepaymentsOfDebt_BA40649BCFBF9C7C2904CF4992A81727" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarlyRepaymentOfSeniorDebt" xlink:label="loc_us-gaap_EarlyRepaymentOfSeniorDebt_4952692F8D06C1EF8D82CF4992A81383" 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_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_EarlyRepaymentOfSeniorDebt_4952692F8D06C1EF8D82CF4992A81383" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_Prepaymentpremiumonseniornote" xlink:label="loc_frt_Prepaymentpremiumonseniornote_66AE43EE2FE1E1262DB0CF4992A8D96F" 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_DebtInstrumentLineItems_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_frt_Prepaymentpremiumonseniornote_66AE43EE2FE1E1262DB0CF4992A8D96F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestPaid" xlink:label="loc_us-gaap_InterestPaid_FB9436187F17C6E7AFC3CF4992A8EB1C" 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_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_InterestPaid_FB9436187F17C6E7AFC3CF4992A8EB1C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtinguishmentOfDebtAmount" xlink:label="loc_us-gaap_ExtinguishmentOfDebtAmount_28E3460AF73294DB6882CF4992A8CCEF" 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_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_ExtinguishmentOfDebtAmount_28E3460AF73294DB6882CF4992A8CCEF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_B6371A351AB9617E9EDBCF4992A8A358" xlink:type="locator" />
    <presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_B6371A351AB9617E9EDBCF4992A8A358" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod_7E8CBF55BC9BC154B919CF4992A8765C" 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_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod_7E8CBF55BC9BC154B919CF4992A8765C" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_LineofcreditfacilityweightedaverageinterestratebeforeamortizationofdebtFees" xlink:label="loc_frt_LineofcreditfacilityweightedaverageinterestratebeforeamortizationofdebtFees_60B6DD8A6F2A573B0F8ACF4992A86FEA" 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_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_frt_LineofcreditfacilityweightedaverageinterestratebeforeamortizationofdebtFees_60B6DD8A6F2A573B0F8ACF4992A86FEA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCreditFacilityAverageOutstandingAmount" xlink:label="loc_us-gaap_LineOfCreditFacilityAverageOutstandingAmount_C687092FAF968D5F1F4BCF4992A8ABF2" 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_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_LineOfCreditFacilityAverageOutstandingAmount_C687092FAF968D5F1F4BCF4992A8ABF2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCredit" xlink:label="loc_us-gaap_LineOfCredit_35372F4984B09F7EFC4CCF4992A81A1C" 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_DebtInstrumentLineItems_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_LineOfCredit_35372F4984B09F7EFC4CCF4992A81A1C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_74E68243B4D80B5EBEC3CF4992A8DDBA" 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_DebtInstrumentLineItems_4E22CA3210CE6D41E314CF4992A63251" xlink:to="loc_us-gaap_DebtWeightedAverageInterestRate_74E68243B4D80B5EBEC3CF4992A8DDBA" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/DebtScheduleOfExtinguishmentOfDebtTables" xlink:type="extended">
    <loc xlink:href="frt-20150930.xsd#frt_ExtinguishmentofDebtAbstract" xlink:label="loc_frt_ExtinguishmentofDebtAbstract_BC27A618CBE93E1BE3CFCF0A8912BB3E" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfExtinguishmentOfDebtTable" xlink:label="loc_us-gaap_ScheduleOfExtinguishmentOfDebtTable_C98E6E0ADF896A849A96CF0A8912B9BC" xlink:type="locator" />
    <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_ExtinguishmentofDebtAbstract_BC27A618CBE93E1BE3CFCF0A8912BB3E" xlink:to="loc_us-gaap_ScheduleOfExtinguishmentOfDebtTable_C98E6E0ADF896A849A96CF0A8912B9BC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtinguishmentOfDebtAxis" xlink:label="loc_us-gaap_ExtinguishmentOfDebtAxis_D08249E93FC41F88BA94CF0A89131001" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfExtinguishmentOfDebtTable_C98E6E0ADF896A849A96CF0A8912B9BC" xlink:to="loc_us-gaap_ExtinguishmentOfDebtAxis_D08249E93FC41F88BA94CF0A89131001" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtinguishmentOfDebtTypeDomain" xlink:label="loc_us-gaap_ExtinguishmentOfDebtTypeDomain_10DDAE113B11A4295E76CF0A89132764" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ExtinguishmentOfDebtAxis_D08249E93FC41F88BA94CF0A89131001" xlink:to="loc_us-gaap_ExtinguishmentOfDebtTypeDomain_10DDAE113B11A4295E76CF0A89132764" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtinguishmentOfDebtLineItems" xlink:label="loc_us-gaap_ExtinguishmentOfDebtLineItems_6794BBF6C3A55053A560CF0A8913DE48" 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_ScheduleOfExtinguishmentOfDebtTable_C98E6E0ADF896A849A96CF0A8912B9BC" xlink:to="loc_us-gaap_ExtinguishmentOfDebtLineItems_6794BBF6C3A55053A560CF0A8913DE48" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfExtinguishmentOfDebtTextBlock" xlink:label="loc_us-gaap_ScheduleOfExtinguishmentOfDebtTextBlock_DB31706F01A34CF0391BCF0A89133D82" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ExtinguishmentOfDebtLineItems_6794BBF6C3A55053A560CF0A8913DE48" xlink:to="loc_us-gaap_ScheduleOfExtinguishmentOfDebtTextBlock_DB31706F01A34CF0391BCF0A89133D82" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/DocumentAndEntityInformation" xlink:type="extended">
    <loc xlink:href="frt-20150930.xsd#frt_DocumentAndEntityInformationAbstract" xlink:label="loc_frt_DocumentAndEntityInformationAbstract_74985747D553F0B3C42CB899C405743C" xlink:type="locator" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_88EB5D8FF95FEB5C2513B899C40555B0" xlink:type="locator" />
    <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_74985747D553F0B3C42CB899C405743C" xlink:to="loc_dei_EntityRegistrantName_88EB5D8FF95FEB5C2513B899C40555B0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_DF3404501295BB40716BB899C406BE86" 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_74985747D553F0B3C42CB899C405743C" xlink:to="loc_dei_EntityCentralIndexKey_DF3404501295BB40716BB899C406BE86" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_dei_CurrentFiscalYearEndDate_06D9933E81CDD6CF6DB5B899C4068941" 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_74985747D553F0B3C42CB899C405743C" xlink:to="loc_dei_CurrentFiscalYearEndDate_06D9933E81CDD6CF6DB5B899C4068941" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="loc_dei_EntityFilerCategory_DB93747025C64D67EF9CB899C4069C7C" 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_74985747D553F0B3C42CB899C405743C" xlink:to="loc_dei_EntityFilerCategory_DB93747025C64D67EF9CB899C4069C7C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType_D226265412F52B46E1B5B899C40692B8" 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_74985747D553F0B3C42CB899C405743C" xlink:to="loc_dei_DocumentType_D226265412F52B46E1B5B899C40692B8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate_1BBA538BCBC0E42FD9FAB899C4063EC4" 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_74985747D553F0B3C42CB899C405743C" xlink:to="loc_dei_DocumentPeriodEndDate_1BBA538BCBC0E42FD9FAB899C4063EC4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus_4D6CF9A7FECC4FC7185CB899C406645D" 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_74985747D553F0B3C42CB899C405743C" xlink:to="loc_dei_DocumentFiscalYearFocus_4D6CF9A7FECC4FC7185CB899C406645D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_dei_DocumentFiscalPeriodFocus_387D023EAB5641CE358EB899C40682C0" 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_74985747D553F0B3C42CB899C405743C" xlink:to="loc_dei_DocumentFiscalPeriodFocus_387D023EAB5641CE358EB899C40682C0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag_64AA5B3798666E75C880B899C406B084" 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_74985747D553F0B3C42CB899C405743C" xlink:to="loc_dei_AmendmentFlag_64AA5B3798666E75C880B899C406B084" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_2B8E46A90CEDC1FD1227B899C406B1C3" 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_74985747D553F0B3C42CB899C405743C" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_2B8E46A90CEDC1FD1227B899C406B1C3" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_44E54C98E2D2C1678D59B899C43260D1" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_689C89648C3FBDDE2FDAB899C4321BED" xlink:type="locator" />
    <presentationArc order="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_44E54C98E2D2C1678D59B899C43260D1" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_689C89648C3FBDDE2FDAB899C4321BED" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/EarningsPerShareDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_DD8B3B0445907EF01A05B899C430B27B" xlink:type="locator" />
    <loc xlink:href="frt-20150930.xsd#frt_EarningsPerShareNarrativeTable" xlink:label="loc_frt_EarningsPerShareNarrativeTable_E35F5EEADFC3368B7D50B899C4306A3D" xlink:type="locator" />
    <presentationArc order="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_DD8B3B0445907EF01A05B899C430B27B" xlink:to="loc_frt_EarningsPerShareNarrativeTable_E35F5EEADFC3368B7D50B899C4306A3D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_D8BE3DBDE5B67460DBD3B899C430C83E" xlink:type="locator" />
    <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_E35F5EEADFC3368B7D50B899C4306A3D" xlink:to="loc_us-gaap_StatementClassOfStockAxis_D8BE3DBDE5B67460DBD3B899C430C83E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_6BCA594E8BE9FCDD6CEEB899C4303429" xlink:type="locator" />
    <presentationArc order="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_D8BE3DBDE5B67460DBD3B899C430C83E" xlink:to="loc_us-gaap_ClassOfStockDomain_6BCA594E8BE9FCDD6CEEB899C4303429" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_A5417Series1CumulativeConvertiblePreferredMember" xlink:label="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_BB902B0F9D0F99228696B899C43077F4" xlink:type="locator" />
    <presentationArc order="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_6BCA594E8BE9FCDD6CEEB899C4303429" xlink:to="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_BB902B0F9D0F99228696B899C43077F4" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_EarningsPerShareNarrativeLineItems" xlink:label="loc_frt_EarningsPerShareNarrativeLineItems_C9F217B0920B59C99950B899C4300081" 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_E35F5EEADFC3368B7D50B899C4306A3D" xlink:to="loc_frt_EarningsPerShareNarrativeLineItems_C9F217B0920B59C99950B899C4300081" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_204BE678193DE52ADA04B899C4302F16" xlink:type="locator" />
    <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_C9F217B0920B59C99950B899C4300081" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights_204BE678193DE52ADA04B899C4302F16" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_E1552E50C60CF6D38E46B899C4307DC4" 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_C9F217B0920B59C99950B899C4300081" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_E1552E50C60CF6D38E46B899C4307DC4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="loc_us-gaap_PreferredStockDividendRatePercentage_147470A87FB1C69C299BB899C4302C42" 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_C9F217B0920B59C99950B899C4300081" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_147470A87FB1C69C299BB899C4302C42" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_A6C907299ECF2B72164ECF0A88C26285" xlink:type="locator" />
    <loc xlink:href="frt-20150930.xsd#frt_NumeratorAbstract" xlink:label="loc_frt_NumeratorAbstract_F41BC058221A34AF4F7DCF0A88C2573D" xlink:type="locator" />
    <presentationArc order="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_A6C907299ECF2B72164ECF0A88C26285" xlink:to="loc_frt_NumeratorAbstract_F41BC058221A34AF4F7DCF0A88C2573D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_952B674637AB5E642C54CF0A88C381CA" xlink:type="locator" />
    <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_NumeratorAbstract_F41BC058221A34AF4F7DCF0A88C2573D" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_952B674637AB5E642C54CF0A88C381CA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_EDA42E27E3867F937BD7CF0A88C3BE0A" 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_frt_NumeratorAbstract_F41BC058221A34AF4F7DCF0A88C2573D" xlink:to="loc_us-gaap_PreferredStockDividendsIncomeStatementImpact_EDA42E27E3867F937BD7CF0A88C3BE0A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_B45B7C01A78421328E98CF0A88C3E038" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_NumeratorAbstract_F41BC058221A34AF4F7DCF0A88C2573D" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_B45B7C01A78421328E98CF0A88C3E038" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_EarningsAllocatedToUnvestedShares" xlink:label="loc_frt_EarningsAllocatedToUnvestedShares_5222E82C0D4CAE82664DCF0A88C3F32C" 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_frt_NumeratorAbstract_F41BC058221A34AF4F7DCF0A88C2573D" xlink:to="loc_frt_EarningsAllocatedToUnvestedShares_5222E82C0D4CAE82664DCF0A88C3F32C" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders" xlink:label="loc_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_8923A04609C4ABE2EB27CF0A88C3D3E5" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_NumeratorAbstract_F41BC058221A34AF4F7DCF0A88C2573D" xlink:to="loc_frt_IncomeLossFromContinuingOperationsAvailableForCommonShareholders_8923A04609C4ABE2EB27CF0A88C3D3E5" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_GainLossonsaleofpropertiesrealestatepartnershippropertiesnetofapplicableincometaxes" xlink:label="loc_frt_GainLossonsaleofpropertiesrealestatepartnershippropertiesnetofapplicableincometaxes_62365EECFAD7A60EFA48CF0A88C32D59" 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_NumeratorAbstract_F41BC058221A34AF4F7DCF0A88C2573D" xlink:to="loc_frt_GainLossonsaleofpropertiesrealestatepartnershippropertiesnetofapplicableincometaxes_62365EECFAD7A60EFA48CF0A88C32D59" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted" xlink:label="loc_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_FEA23F576E739084BF8BCF0A88C3B066" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_NumeratorAbstract_F41BC058221A34AF4F7DCF0A88C2573D" xlink:to="loc_frt_NetIncomeAvailableForCommonShareholdersBasicAndDiluted_FEA23F576E739084BF8BCF0A88C3B066" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_DenominatorAbstract" xlink:label="loc_frt_DenominatorAbstract_BB7FAAE3BB96CEC9D6E6CF0A88C32E87" 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_A6C907299ECF2B72164ECF0A88C26285" xlink:to="loc_frt_DenominatorAbstract_BB7FAAE3BB96CEC9D6E6CF0A88C32E87" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_41C23CD64DBC88966978CF0A88C39C03" xlink:type="locator" />
    <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_DenominatorAbstract_BB7FAAE3BB96CEC9D6E6CF0A88C32E87" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_41C23CD64DBC88966978CF0A88C39C03" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_503FFC83E1F4D7B72F02CF0A88C3166D" 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_DenominatorAbstract_BB7FAAE3BB96CEC9D6E6CF0A88C32E87" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_503FFC83E1F4D7B72F02CF0A88C3166D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_DDD0D89530EEBA0CE000CF0A88C38CCB" 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_frt_DenominatorAbstract_BB7FAAE3BB96CEC9D6E6CF0A88C32E87" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_DDD0D89530EEBA0CE000CF0A88C38CCB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="loc_us-gaap_EarningsPerShareBasicAbstract_7856C190738D58684CFBCF0A88C3FFD4" 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_EarningsPerShareAbstract_A6C907299ECF2B72164ECF0A88C26285" xlink:to="loc_us-gaap_EarningsPerShareBasicAbstract_7856C190738D58684CFBCF0A88C3FFD4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_D0820F46B6FC9B70A070CF0A88C3985E" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_7856C190738D58684CFBCF0A88C3FFD4" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_D0820F46B6FC9B70A070CF0A88C3985E" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_GainOnSaleOfRealEstatePerBasicShare" xlink:label="loc_frt_GainOnSaleOfRealEstatePerBasicShare_B9B04C59461A3000EFE2CF0A88C4ED06" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_7856C190738D58684CFBCF0A88C3FFD4" xlink:to="loc_frt_GainOnSaleOfRealEstatePerBasicShare_B9B04C59461A3000EFE2CF0A88C4ED06" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_04447BA59892555AEE93CF0A88C45DED" 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_EarningsPerShareBasicAbstract_7856C190738D58684CFBCF0A88C3FFD4" xlink:to="loc_us-gaap_EarningsPerShareBasic_04447BA59892555AEE93CF0A88C45DED" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="loc_us-gaap_EarningsPerShareDilutedAbstract_FB74C4E20FBC897D30FDCF0A88C4E86F" 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_A6C907299ECF2B72164ECF0A88C26285" xlink:to="loc_us-gaap_EarningsPerShareDilutedAbstract_FB74C4E20FBC897D30FDCF0A88C4E86F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_D708C3BACB32179C7968CF0A88C4AC0F" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_FB74C4E20FBC897D30FDCF0A88C4E86F" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_D708C3BACB32179C7968CF0A88C4AC0F" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_GainOnSaleOfRealEstatePerDilutedShare" xlink:label="loc_frt_GainOnSaleOfRealEstatePerDilutedShare_B55295A8922845810DC3CF0A88C52AD9" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareDilutedAbstract_FB74C4E20FBC897D30FDCF0A88C4E86F" xlink:to="loc_frt_GainOnSaleOfRealEstatePerDilutedShare_B55295A8922845810DC3CF0A88C52AD9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_B526CD43A1BEDD4C476ECF0A88C51B7A" 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_EarningsPerShareDilutedAbstract_FB74C4E20FBC897D30FDCF0A88C4E86F" xlink:to="loc_us-gaap_EarningsPerShareDiluted_B526CD43A1BEDD4C476ECF0A88C51B7A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromContinuingOperations" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperations_765489EAE2B0CB0FADBCCF0A88C51F83" 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_EarningsPerShareAbstract_A6C907299ECF2B72164ECF0A88C26285" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperations_765489EAE2B0CB0FADBCCF0A88C51F83" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_C20E0EAD9AB4C0BFCC0BB899C43DB659" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_2853C29BF2C31C12ADDDB899C43D90AA" xlink:type="locator" />
    <presentationArc order="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_C20E0EAD9AB4C0BFCC0BB899C43DB659" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_2853C29BF2C31C12ADDDB899C43D90AA" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_6E98234313A187E77DC5B899C43E4489" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="loc_us-gaap_FairValueDisclosuresTextBlock_571AA87F6242DEEE9817B899C43F5D53" 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_6E98234313A187E77DC5B899C43E4489" xlink:to="loc_us-gaap_FairValueDisclosuresTextBlock_571AA87F6242DEEE9817B899C43F5D53" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_AF4539952F89EAEAD2E1B899C37A2FD0" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTable_78D2C9E46F238E6380A2B899C37A835A" xlink:type="locator" />
    <presentationArc order="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_AF4539952F89EAEAD2E1B899C37A2FD0" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTable_78D2C9E46F238E6380A2B899C37A835A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_38960C8D5E53429BC488B899C37AEDCB" xlink:type="locator" />
    <presentationArc order="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_78D2C9E46F238E6380A2B899C37A835A" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_38960C8D5E53429BC488B899C37AEDCB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_8E1C9EB1ADF65EBDA376B899C37AA4A2" xlink:type="locator" />
    <presentationArc order="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_38960C8D5E53429BC488B899C37AEDCB" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_8E1C9EB1ADF65EBDA376B899C37AA4A2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_DE158AE08A18D7A8DE92B899C37A6832" xlink:type="locator" />
    <presentationArc order="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_8E1C9EB1ADF65EBDA376B899C37AA4A2" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_DE158AE08A18D7A8DE92B899C37A6832" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_2AA7E3BE3895F71B8AD6B899C37AD47A" 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_78D2C9E46F238E6380A2B899C37A835A" xlink:to="loc_us-gaap_BalanceSheetLocationAxis_2AA7E3BE3895F71B8AD6B899C37AD47A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_C84B5A093FB340A58209B899C37AABE4" xlink:type="locator" />
    <presentationArc order="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_2AA7E3BE3895F71B8AD6B899C37AD47A" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_C84B5A093FB340A58209B899C37AABE4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesMember" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_B4474068C37BAEBA1B1EB899C37AAFEC" xlink:type="locator" />
    <presentationArc order="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_C84B5A093FB340A58209B899C37AABE4" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_B4474068C37BAEBA1B1EB899C37AAFEC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_AA8E5107B6BA0BEC62FDB899C37AC7B7" xlink:type="locator" />
    <presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_78D2C9E46F238E6380A2B899C37A835A" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_AA8E5107B6BA0BEC62FDB899C37AC7B7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_154E971752DE023CE20DB899C37B532A" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_AA8E5107B6BA0BEC62FDB899C37AC7B7" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_154E971752DE023CE20DB899C37B532A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_7142CDBED1B95CBCD377B899C37BEFF4" xlink:type="locator" />
    <presentationArc order="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_154E971752DE023CE20DB899C37B532A" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_7142CDBED1B95CBCD377B899C37BEFF4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_03ECFB79F30432400616B899C37B32B8" 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_FairValueByBalanceSheetGroupingTable_78D2C9E46F238E6380A2B899C37A835A" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_03ECFB79F30432400616B899C37B32B8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_47D7ECD157FAA8EC569BB899C37B338D" xlink:type="locator" />
    <presentationArc order="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_03ECFB79F30432400616B899C37B32B8" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_47D7ECD157FAA8EC569BB899C37B338D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="loc_us-gaap_InterestRateSwapMember_CC2C64A73DF18E92A93AB899C37B1BD7" xlink:type="locator" />
    <presentationArc order="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_47D7ECD157FAA8EC569BB899C37B338D" xlink:to="loc_us-gaap_InterestRateSwapMember_CC2C64A73DF18E92A93AB899C37B1BD7" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_8A9ACA2F47BA9D31A292B899C37BAED9" 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_78D2C9E46F238E6380A2B899C37A835A" xlink:to="loc_us-gaap_DebtInstrumentAxis_8A9ACA2F47BA9D31A292B899C37BAED9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_085551071886B279CB1DB899C37B01C3" xlink:type="locator" />
    <presentationArc order="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_8A9ACA2F47BA9D31A292B899C37BAED9" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_085551071886B279CB1DB899C37B01C3" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_TermLoanMember" xlink:label="loc_frt_TermLoanMember_174EEBCB76BA9176709CB899C37BC942" xlink:type="locator" />
    <presentationArc order="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_085551071886B279CB1DB899C37B01C3" xlink:to="loc_frt_TermLoanMember_174EEBCB76BA9176709CB899C37BC942" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:label="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_57AF72E64C45169B2C64B899C37B0054" 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_78D2C9E46F238E6380A2B899C37A835A" xlink:to="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_57AF72E64C45169B2C64B899C37B0054" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NumberOfInterestRateDerivativesHeld" xlink:label="loc_us-gaap_NumberOfInterestRateDerivativesHeld_E31BDF3DAC0C09C74243B899C37B1A71" xlink:type="locator" />
    <presentationArc order="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_57AF72E64C45169B2C64B899C37B0054" xlink:to="loc_us-gaap_NumberOfInterestRateDerivativesHeld_E31BDF3DAC0C09C74243B899C37B1A71" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilityNotionalAmount" xlink:label="loc_us-gaap_DerivativeLiabilityNotionalAmount_BB596A09E6F5B0423C25B899C37B2CA0" 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_57AF72E64C45169B2C64B899C37B0054" xlink:to="loc_us-gaap_DerivativeLiabilityNotionalAmount_BB596A09E6F5B0423C25B899C37B2CA0" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherNotesPayable" xlink:label="loc_us-gaap_OtherNotesPayable_5632B6D4C164069B85F6B899C37B277A" 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_57AF72E64C45169B2C64B899C37B0054" xlink:to="loc_us-gaap_OtherNotesPayable_5632B6D4C164069B85F6B899C37B277A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeFixedInterestRate" xlink:label="loc_us-gaap_DerivativeFixedInterestRate_0BBC89FAB4D598165229B899C37BBFA1" 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_57AF72E64C45169B2C64B899C37B0054" xlink:to="loc_us-gaap_DerivativeFixedInterestRate_0BBC89FAB4D598165229B899C37BBFA1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_8D66C03FD646A918FF32B899C37BB085" xlink:type="locator" />
    <presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_57AF72E64C45169B2C64B899C37B0054" xlink:to="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_8D66C03FD646A918FF32B899C37BB085" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet" xlink:label="loc_us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet_9FAA713A7FEE8189FA14B899C37B6C99" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_57AF72E64C45169B2C64B899C37B0054" xlink:to="loc_us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet_9FAA713A7FEE8189FA14B899C37B6C99" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_39C6EF8C587EED35BA38B899C37BFCD9" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_57AF72E64C45169B2C64B899C37B0054" xlink:to="loc_us-gaap_DerivativeLiabilities_39C6EF8C587EED35BA38B899C37BFCD9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_249A9837FCD343F909B4B899C37BC7F6" 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_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_57AF72E64C45169B2C64B899C37B0054" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_249A9837FCD343F909B4B899C37BC7F6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" xlink:label="loc_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_082B6C98FA9C0BB80FA8B899C37C0208" xlink:type="locator" />
    <presentationArc order="9" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_57AF72E64C45169B2C64B899C37B0054" xlink:to="loc_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_082B6C98FA9C0BB80FA8B899C37C0208" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_929A045A14B22925910EB899C333CE73" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTable_230ABEFC873B4E178685B899C333A546" xlink:type="locator" />
    <presentationArc order="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_929A045A14B22925910EB899C333CE73" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTable_230ABEFC873B4E178685B899C333A546" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_6CFDC0D1E9049FA9115AB899C3330075" xlink:type="locator" />
    <presentationArc order="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_230ABEFC873B4E178685B899C333A546" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_6CFDC0D1E9049FA9115AB899C3330075" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_83E1EBA01DDE5304E796B899C333CE1C" xlink:type="locator" />
    <presentationArc order="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_6CFDC0D1E9049FA9115AB899C3330075" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_83E1EBA01DDE5304E796B899C333CE1C" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_MortgagesPayableAndNotesPayableMember" xlink:label="loc_frt_MortgagesPayableAndNotesPayableMember_8BBED787E645DE0A00E3B899C33327E4" xlink:type="locator" />
    <presentationArc order="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_83E1EBA01DDE5304E796B899C333CE1C" xlink:to="loc_frt_MortgagesPayableAndNotesPayableMember_8BBED787E645DE0A00E3B899C33327E4" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_SeniorNotesAndDebenturesMember" xlink:label="loc_frt_SeniorNotesAndDebenturesMember_038C32593329F7858406B899C333AF12" 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_83E1EBA01DDE5304E796B899C333CE1C" xlink:to="loc_frt_SeniorNotesAndDebenturesMember_038C32593329F7858406B899C333AF12" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis_85A774343E8F2F17FA02B899C333D485" 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_230ABEFC873B4E178685B899C333A546" xlink:to="loc_us-gaap_FairValueByMeasurementBasisAxis_85A774343E8F2F17FA02B899C333D485" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_A48FAAB249DA90C6E89AB899C333D8DA" xlink:type="locator" />
    <presentationArc order="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_85A774343E8F2F17FA02B899C333D485" xlink:to="loc_us-gaap_FairValueDisclosureItemAmountsDomain_A48FAAB249DA90C6E89AB899C333D8DA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_D8219BD4DECB137EA3B7B899C333FB57" xlink:type="locator" />
    <presentationArc order="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_A48FAAB249DA90C6E89AB899C333D8DA" xlink:to="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_D8219BD4DECB137EA3B7B899C333FB57" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_17EFCADF673D055A0BD6B899C3334EC9" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_A48FAAB249DA90C6E89AB899C333D8DA" xlink:to="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_17EFCADF673D055A0BD6B899C3334EC9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_7C322FB21BFA5CA20A18B899C333ECC6" 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_FairValueDisclosureItemAmountsDomain_A48FAAB249DA90C6E89AB899C333D8DA" xlink:to="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_7C322FB21BFA5CA20A18B899C333ECC6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:label="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_70717DD55740A2032F69B899C334033E" 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_230ABEFC873B4E178685B899C333A546" xlink:to="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_70717DD55740A2032F69B899C334033E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue_26F5238FACF7BA6FE989B899C334EAF8" xlink:type="locator" />
    <presentationArc order="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_70717DD55740A2032F69B899C334033E" xlink:to="loc_us-gaap_LongTermDebtFairValue_26F5238FACF7BA6FE989B899C334EAF8" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_E82599CC385715C7FFB4B899C34FBF86" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_05F62099BFDEC4FAAD29B899C34F6FB4" xlink:type="locator" />
    <presentationArc order="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_E82599CC385715C7FFB4B899C34FBF86" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_05F62099BFDEC4FAAD29B899C34F6FB4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_3F9C9B490B62764990E9B899C34F5596" xlink:type="locator" />
    <presentationArc order="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_05F62099BFDEC4FAAD29B899C34F6FB4" xlink:to="loc_us-gaap_BalanceSheetLocationAxis_3F9C9B490B62764990E9B899C34F5596" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_51D901BF5A48289C0E5AB899C34F9CB2" xlink:type="locator" />
    <presentationArc order="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_3F9C9B490B62764990E9B899C34F5596" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_51D901BF5A48289C0E5AB899C34F9CB2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesMember" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_1AC01C944AFB2AA987A2B899C34F8487" xlink:type="locator" />
    <presentationArc order="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_51D901BF5A48289C0E5AB899C34F9CB2" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_1AC01C944AFB2AA987A2B899C34F8487" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeByNatureAxis" xlink:label="loc_us-gaap_DerivativeByNatureAxis_8441EE64A0D83471CD49B899C34F3665" 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_05F62099BFDEC4FAAD29B899C34F6FB4" xlink:to="loc_us-gaap_DerivativeByNatureAxis_8441EE64A0D83471CD49B899C34F3665" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeNameDomain" xlink:label="loc_us-gaap_DerivativeNameDomain_E0E453BD8B20016C118FB899C34F9F4C" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeByNatureAxis_8441EE64A0D83471CD49B899C34F3665" xlink:to="loc_us-gaap_DerivativeNameDomain_E0E453BD8B20016C118FB899C34F9F4C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="loc_us-gaap_InterestRateSwapMember_3B98AA360E7866928C7FB899C34F114C" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeNameDomain_E0E453BD8B20016C118FB899C34F9F4C" xlink:to="loc_us-gaap_InterestRateSwapMember_3B98AA360E7866928C7FB899C34F114C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_4D475E559073AE9695DAB899C34F8319" 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_05F62099BFDEC4FAAD29B899C34F6FB4" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_4D475E559073AE9695DAB899C34F8319" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_E8AA225B8801D6E466C1B899C350C29C" xlink:type="locator" />
    <presentationArc order="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_4D475E559073AE9695DAB899C34F8319" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_E8AA225B8801D6E466C1B899C350C29C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_AE0DBDF9C3A3000A4B7EB899C3509AEE" xlink:type="locator" />
    <presentationArc order="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_E8AA225B8801D6E466C1B899C350C29C" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_AE0DBDF9C3A3000A4B7EB899C3509AEE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_3B59B29112E959318D1CB899C350B34C" 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_05F62099BFDEC4FAAD29B899C34F6FB4" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_3B59B29112E959318D1CB899C350B34C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_80ACD22BB8276390F331B899C350C673" xlink:type="locator" />
    <presentationArc order="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_3B59B29112E959318D1CB899C350B34C" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_80ACD22BB8276390F331B899C350C673" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_C845B561B95BAA43C717B899C350BBA4" xlink:type="locator" />
    <presentationArc order="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_80ACD22BB8276390F331B899C350C673" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_C845B561B95BAA43C717B899C350BBA4" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_650B61846C1DCABDFBD1B899C350D2E3" 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_80ACD22BB8276390F331B899C350C673" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_650B61846C1DCABDFBD1B899C350D2E3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_73B560B06670D95882ADB899C350796F" 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_80ACD22BB8276390F331B899C350C673" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_73B560B06670D95882ADB899C350796F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_353E96D7F2ECC23D8F20B899C350B031" 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_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_05F62099BFDEC4FAAD29B899C34F6FB4" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_353E96D7F2ECC23D8F20B899C350B031" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_F423217C2DE9F869C871B899C3504B11" 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_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_353E96D7F2ECC23D8F20B899C350B031" xlink:to="loc_us-gaap_DerivativeLiabilities_F423217C2DE9F869C871B899C3504B11" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_46D3AD4580282C467707B899C46F1A55" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock_3DBA6A17EA2C99C473D5B899C46F7F93" xlink:type="locator" />
    <presentationArc order="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_46D3AD4580282C467707B899C46F1A55" xlink:to="loc_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock_3DBA6A17EA2C99C473D5B899C46F7F93" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_A585688E8070038D774EB899C46FB726" 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_46D3AD4580282C467707B899C46F1A55" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_A585688E8070038D774EB899C46FB726" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="loc_us-gaap_RealEstateAbstract_9A4F83A7189B25F57CB0B899C440A766" xlink:type="locator" />
    <loc xlink:href="frt-20150930.xsd#frt_RealEstateAcquisitionsDispositionsTextBlock" xlink:label="loc_frt_RealEstateAcquisitionsDispositionsTextBlock_6396991776E33A2D1CEBB899C440CC1C" xlink:type="locator" />
    <presentationArc order="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_9A4F83A7189B25F57CB0B899C440A766" xlink:to="loc_frt_RealEstateAcquisitionsDispositionsTextBlock_6396991776E33A2D1CEBB899C440CC1C" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="loc_us-gaap_RealEstateAbstract_C7146A91BE63AAED15D5D3FD08623686" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_B1F392737E3233F28D44D3FD08621118" xlink:type="locator" />
    <presentationArc order="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_C7146A91BE63AAED15D5D3FD08623686" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_B1F392737E3233F28D44D3FD08621118" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_50326C5A69EEC571875ED3FD08638008" xlink:type="locator" />
    <presentationArc order="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_B1F392737E3233F28D44D3FD08621118" xlink:to="loc_us-gaap_BalanceSheetLocationAxis_50326C5A69EEC571875ED3FD08638008" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_9E33FA3BD56394DFC241D3FD08684F3B" xlink:type="locator" />
    <presentationArc order="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_50326C5A69EEC571875ED3FD08638008" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_9E33FA3BD56394DFC241D3FD08684F3B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherLiabilitiesMember" xlink:label="loc_us-gaap_OtherLiabilitiesMember_904B5F9157FE3B90FAAED3FD08686017" xlink:type="locator" />
    <presentationArc order="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_9E33FA3BD56394DFC241D3FD08684F3B" xlink:to="loc_us-gaap_OtherLiabilitiesMember_904B5F9157FE3B90FAAED3FD08686017" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherAssetsMember" xlink:label="loc_us-gaap_OtherAssetsMember_129A33E269FBCB04B4F6D3FD08684277" 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_9E33FA3BD56394DFC241D3FD08684F3B" xlink:to="loc_us-gaap_OtherAssetsMember_129A33E269FBCB04B4F6D3FD08684277" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_B3AD9FABFF41D88CE770D3FD0868F276" 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_B1F392737E3233F28D44D3FD08621118" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_B3AD9FABFF41D88CE770D3FD0868F276" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_ACBA82520CF9AB35A9A7D3FD086899DD" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_B3AD9FABFF41D88CE770D3FD0868F276" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_ACBA82520CF9AB35A9A7D3FD086899DD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LandMember" xlink:label="loc_us-gaap_LandMember_1EE87187E768F7136A72D3FD0868F7CF" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_ACBA82520CF9AB35A9A7D3FD086899DD" xlink:to="loc_us-gaap_LandMember_1EE87187E768F7136A72D3FD0868F7CF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_9FD1FB7907F8C66DA3A9D3FD0868C710" 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_B1F392737E3233F28D44D3FD08621118" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_9FD1FB7907F8C66DA3A9D3FD0868C710" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_2A0E5DB5E6CB85BF1B2FD3FD0868E398" xlink:type="locator" />
    <presentationArc order="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_9FD1FB7907F8C66DA3A9D3FD0868C710" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_2A0E5DB5E6CB85BF1B2FD3FD0868E398" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AboveMarketLeasesMember" xlink:label="loc_us-gaap_AboveMarketLeasesMember_61CC2DB41B7F62CDE6D3D3FD08689B7B" xlink:type="locator" />
    <presentationArc order="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_2A0E5DB5E6CB85BF1B2FD3FD0868E398" xlink:to="loc_us-gaap_AboveMarketLeasesMember_61CC2DB41B7F62CDE6D3D3FD08689B7B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_5FE06F3689C876BA4370D3FD08686B2E" 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_B1F392737E3233F28D44D3FD08621118" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_5FE06F3689C876BA4370D3FD08686B2E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_5899B7D7BA5629747E7DD3FD0868EAB1" xlink:type="locator" />
    <presentationArc order="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_5FE06F3689C876BA4370D3FD08686B2E" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_5899B7D7BA5629747E7DD3FD0868EAB1" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_SunsetPlaceMember" xlink:label="loc_frt_SunsetPlaceMember_A2E1EF67FDB275C5DE32D3FD08685810" xlink:type="locator" />
    <presentationArc order="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_5899B7D7BA5629747E7DD3FD0868EAB1" xlink:to="loc_frt_SunsetPlaceMember_A2E1EF67FDB275C5DE32D3FD08685810" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_SanAntonioCenterMember" xlink:label="loc_frt_SanAntonioCenterMember_C6D1C565EFC40E39F0FCD3FD08695A49" 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_5899B7D7BA5629747E7DD3FD0868EAB1" xlink:to="loc_frt_SanAntonioCenterMember_C6D1C565EFC40E39F0FCD3FD08695A49" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_GroveatShrewsburyMember" xlink:label="loc_frt_GroveatShrewsburyMember_830B87857F63EDEB50EBD3FD08692131" 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_BusinessAcquisitionAcquireeDomain_5899B7D7BA5629747E7DD3FD0868EAB1" xlink:to="loc_frt_GroveatShrewsburyMember_830B87857F63EDEB50EBD3FD08692131" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_CocoWalkMember" xlink:label="loc_frt_CocoWalkMember_507B046D5753781F01B1D3FD08699ECB" 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_BusinessAcquisitionAcquireeDomain_5899B7D7BA5629747E7DD3FD0868EAB1" xlink:to="loc_frt_CocoWalkMember_507B046D5753781F01B1D3FD08699ECB" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_CoconutGroveMember" xlink:label="loc_frt_CoconutGroveMember_4453FBB3F0B465139B76D3FD0869CE4C" 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_BusinessAcquisitionAcquireeDomain_5899B7D7BA5629747E7DD3FD0868EAB1" xlink:to="loc_frt_CoconutGroveMember_4453FBB3F0B465139B76D3FD0869CE4C" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_PikeSevenPlazaMember" xlink:label="loc_frt_PikeSevenPlazaMember_0E16E248273725ECE52ED3FD0869DEF1" 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_BusinessAcquisitionAcquireeDomain_5899B7D7BA5629747E7DD3FD0868EAB1" xlink:to="loc_frt_PikeSevenPlazaMember_0E16E248273725ECE52ED3FD0869DEF1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_F3B13517CB2793EC53B1D3FD08695124" 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_B1F392737E3233F28D44D3FD08621118" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_F3B13517CB2793EC53B1D3FD08695124" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_AFAD835D7ADA3B0B54C0D3FD08690F6D" xlink:type="locator" />
    <presentationArc order="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_F3B13517CB2793EC53B1D3FD08695124" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_AFAD835D7ADA3B0B54C0D3FD08690F6D" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_HoustonStreetMember" xlink:label="loc_frt_HoustonStreetMember_F1EAFE29B9F6C8F51033D3FD08695938" xlink:type="locator" />
    <presentationArc order="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_AFAD835D7ADA3B0B54C0D3FD08690F6D" xlink:to="loc_frt_HoustonStreetMember_F1EAFE29B9F6C8F51033D3FD08695938" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_D8EF2B11AF2158542109D3FD0869B15A" 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_B1F392737E3233F28D44D3FD08621118" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_D8EF2B11AF2158542109D3FD0869B15A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_4A03EDA7777A95C4EB01D3FD086E402E" xlink:type="locator" />
    <presentationArc order="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_D8EF2B11AF2158542109D3FD0869B15A" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_4A03EDA7777A95C4EB01D3FD086E402E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GeneralAndAdministrativeExpenseMember" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpenseMember_8E4214D8B1109FDDC2B0D3FD086EFDD2" xlink:type="locator" />
    <presentationArc order="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_4A03EDA7777A95C4EB01D3FD086E402E" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpenseMember_8E4214D8B1109FDDC2B0D3FD086EFDD2" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_F52B5F5D726478D3BB0CD3FD086E2DD6" 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_B1F392737E3233F28D44D3FD08621118" xlink:to="loc_dei_LegalEntityAxis_F52B5F5D726478D3BB0CD3FD086E2DD6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_416B4395485D1EB3C737D3FD086ED71F" xlink:type="locator" />
    <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_F52B5F5D726478D3BB0CD3FD086E2DD6" xlink:to="loc_dei_EntityDomain_416B4395485D1EB3C737D3FD086ED71F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsidiariesMember" xlink:label="loc_us-gaap_SubsidiariesMember_5F7F4B392F6D9C7FE6E0D3FD086F928C" xlink:type="locator" />
    <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_416B4395485D1EB3C737D3FD086ED71F" xlink:to="loc_us-gaap_SubsidiariesMember_5F7F4B392F6D9C7FE6E0D3FD086F928C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems_DACD9C159B23265492BBD3FD086F9939" 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_B1F392737E3233F28D44D3FD08621118" xlink:to="loc_us-gaap_BusinessAcquisitionLineItems_DACD9C159B23265492BBD3FD086F9939" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AreaOfRealEstateProperty" xlink:label="loc_us-gaap_AreaOfRealEstateProperty_90B119DCB131990F955BD3FD086F8DB3" xlink:type="locator" />
    <presentationArc order="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_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_us-gaap_AreaOfRealEstateProperty_90B119DCB131990F955BD3FD086F8DB3" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_BusinessAcquisitionGrossValue" xlink:label="loc_frt_BusinessAcquisitionGrossValue_0B93F45A8DEDFDE3C58BD3FD086F5DB8" 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_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_frt_BusinessAcquisitionGrossValue_0B93F45A8DEDFDE3C58BD3FD086F5DB8" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_EffectiveInterestAcquisition" xlink:label="loc_frt_EffectiveInterestAcquisition_EAE48F7278EB4D52335FD3FD086F8895" 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_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_frt_EffectiveInterestAcquisition_EAE48F7278EB4D52335FD3FD086F8895" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_F2748F877FA534B21EC0D3FD086FD21A" 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_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_F2748F877FA534B21EC0D3FD086FD21A" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_NumberofdownREITOperatingPartnershipUnitsIssuedinConnectionwithBusinessAcquisition" xlink:label="loc_frt_NumberofdownREITOperatingPartnershipUnitsIssuedinConnectionwithBusinessAcquisition_787155AFF7CF540DB409D3FD086F2030" 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_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_frt_NumberofdownREITOperatingPartnershipUnitsIssuedinConnectionwithBusinessAcquisition_787155AFF7CF540DB409D3FD086F2030" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesGross_32253F1E435B6C4D62A6D3FD086FAAE6" 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_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesGross_32253F1E435B6C4D62A6D3FD086FAAE6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinitelivedIntangibleAssetsAcquired1" xlink:label="loc_us-gaap_FinitelivedIntangibleAssetsAcquired1_9F09A8A95E718A511D4CD3FD086FBDED" 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_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_us-gaap_FinitelivedIntangibleAssetsAcquired1_9F09A8A95E718A511D4CD3FD086FBDED" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BelowMarketLeaseAcquired" xlink:label="loc_us-gaap_BelowMarketLeaseAcquired_D26AD21CC1E5270CB30DD3FD086F2D5D" 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_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_us-gaap_BelowMarketLeaseAcquired_D26AD21CC1E5270CB30DD3FD086F2D5D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:label="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_666DC9F6C5C1D0017530D3FD086F5760" 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_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_666DC9F6C5C1D0017530D3FD086F5760" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessCombinationAcquisitionRelatedCosts" xlink:label="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_09F81F5F4F9966200DA8D3FD086FAD67" 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_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_09F81F5F4F9966200DA8D3FD086FAD67" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_PricetoAcquireNonControllingInterest" xlink:label="loc_frt_PricetoAcquireNonControllingInterest_964B109BBD88471E336AD3FD086F8309" 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_BusinessAcquisitionLineItems_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_frt_PricetoAcquireNonControllingInterest_964B109BBD88471E336AD3FD086F8309" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesOfRealEstate" xlink:label="loc_us-gaap_SalesOfRealEstate_07F0C5862991A51B9944D3FD087048C3" 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_BusinessAcquisitionLineItems_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_us-gaap_SalesOfRealEstate_07F0C5862991A51B9944D3FD087048C3" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_GainLossonDispositionofRealEstate" xlink:label="loc_frt_GainLossonDispositionofRealEstate_11588901971631AAB930D3FD0870DF7B" 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_BusinessAcquisitionLineItems_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_frt_GainLossonDispositionofRealEstate_11588901971631AAB930D3FD0870DF7B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferred1_6B518ED56BEDDA6D4BDBD3FD0870600D" 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_BusinessAcquisitionLineItems_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferred1_6B518ED56BEDDA6D4BDBD3FD0870600D" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_CommonInterestAcquisition" xlink:label="loc_frt_CommonInterestAcquisition_E379EF4D249B2B228160D3FD08703366" 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_BusinessAcquisitionLineItems_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_frt_CommonInterestAcquisition_E379EF4D249B2B228160D3FD08703366" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_NumberOfBuildings" xlink:label="loc_frt_NumberOfBuildings_07E100C3D2C940039696D3FD0870F378" 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_BusinessAcquisitionLineItems_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_frt_NumberOfBuildings_07E100C3D2C940039696D3FD0870F378" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_D6499FA8196D4B905816D3FD087002EB" xlink:type="locator" />
    <presentationArc order="17" preferredLabel="http://www.xbrl.org/2009/role/netLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_DACD9C159B23265492BBD3FD086F9939" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_D6499FA8196D4B905816D3FD087002EB" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/RealEstatePartnerships" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_8C07C7A0A942A0497B4DB899C4711CB0" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:label="loc_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_A50E5E8D6268E0481F9FB899C47133CC" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_8C07C7A0A942A0497B4DB899C4711CB0" xlink:to="loc_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_A50E5E8D6268E0481F9FB899C47133CC" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/RealEstatePartnershipsDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_6D6152F65E9CDB87B4C9CEE95223369C" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_5B54B9D1127149965BFECEE9522377CC" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_6D6152F65E9CDB87B4C9CEE95223369C" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_5B54B9D1127149965BFECEE9522377CC" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_EF2C712D3A9678BCA027CEE95223000B" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_5B54B9D1127149965BFECEE9522377CC" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_EF2C712D3A9678BCA027CEE95223000B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_3EC7142BC2ADFEB87DC9CEE952231DA3" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_EF2C712D3A9678BCA027CEE95223000B" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_3EC7142BC2ADFEB87DC9CEE952231DA3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_1D036A3E2720DDEF7A18CEE952236D48" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_5B54B9D1127149965BFECEE9522377CC" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_1D036A3E2720DDEF7A18CEE952236D48" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_0D6FE324768F0F37B30BCEE95223218D" xlink:type="locator" />
    <presentationArc order="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_1D036A3E2720DDEF7A18CEE952236D48" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_0D6FE324768F0F37B30BCEE95223218D" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_PikeSevenPlazaMember" xlink:label="loc_frt_PikeSevenPlazaMember_937DFB4852A53DC18A33CEE952249734" xlink:type="locator" />
    <presentationArc order="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_0D6FE324768F0F37B30BCEE95223218D" xlink:to="loc_frt_PikeSevenPlazaMember_937DFB4852A53DC18A33CEE952249734" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_DD6E59AC01F68A6B5CE7CEE952248E25" xlink:type="locator" />
    <presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_5B54B9D1127149965BFECEE9522377CC" xlink:to="loc_dei_LegalEntityAxis_DD6E59AC01F68A6B5CE7CEE952248E25" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_223FEBDFA2AC6DAD062CCEE952249885" xlink:type="locator" />
    <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_DD6E59AC01F68A6B5CE7CEE952248E25" xlink:to="loc_dei_EntityDomain_223FEBDFA2AC6DAD062CCEE952249885" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsidiariesMember" xlink:label="loc_us-gaap_SubsidiariesMember_0F8F4F0527280001AB73CEE95224E623" xlink:type="locator" />
    <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_223FEBDFA2AC6DAD062CCEE952249885" xlink:to="loc_us-gaap_SubsidiariesMember_0F8F4F0527280001AB73CEE95224E623" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_FederalRealtyInvestmentTrustMember" xlink:label="loc_frt_FederalRealtyInvestmentTrustMember_B4E2B172815162042FCECEE95224C3BA" 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_223FEBDFA2AC6DAD062CCEE952249885" xlink:to="loc_frt_FederalRealtyInvestmentTrustMember_B4E2B172815162042FCECEE95224C3BA" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_ClarionMember" xlink:label="loc_frt_ClarionMember_7D450931555854598455CEE952241283" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_223FEBDFA2AC6DAD062CCEE952249885" xlink:to="loc_frt_ClarionMember_7D450931555854598455CEE952241283" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_63D6442B9CD6E0345D66CEE952246743" xlink:type="locator" />
    <presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_5B54B9D1127149965BFECEE9522377CC" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_63D6442B9CD6E0345D66CEE952246743" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityMethodInvesteeNameDomain" xlink:label="loc_us-gaap_EquityMethodInvesteeNameDomain_A686289B6803F2B3B65ECEE952291D77" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_63D6442B9CD6E0345D66CEE952246743" xlink:to="loc_us-gaap_EquityMethodInvesteeNameDomain_A686289B6803F2B3B65ECEE952291D77" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_FederalRealtyInvestmentTrustINGClarionPartnersPartnershipMember" xlink:label="loc_frt_FederalRealtyInvestmentTrustINGClarionPartnersPartnershipMember_E736FB94D1B6A8FE2A72CEE95229EE7B" xlink:type="locator" />
    <presentationArc order="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_A686289B6803F2B3B65ECEE952291D77" xlink:to="loc_frt_FederalRealtyInvestmentTrustINGClarionPartnersPartnershipMember_E736FB94D1B6A8FE2A72CEE95229EE7B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_71E42CBA670CAFDCF8F8CEE9522986E4" 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_ScheduleOfEquityMethodInvestmentsTable_5B54B9D1127149965BFECEE9522377CC" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_71E42CBA670CAFDCF8F8CEE9522986E4" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_NumberOfBuildings" xlink:label="loc_frt_NumberOfBuildings_ABF6E7821D63D20F8094CEE952298244" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_71E42CBA670CAFDCF8F8CEE9522986E4" xlink:to="loc_frt_NumberOfBuildings_ABF6E7821D63D20F8094CEE952298244" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferred1_058986FD7693BA8FC859CEE95229B6E3" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_71E42CBA670CAFDCF8F8CEE9522986E4" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferred1_058986FD7693BA8FC859CEE95229B6E3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_80BF5B3C9FF9A0B72B66CEE9522A064C" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_71E42CBA670CAFDCF8F8CEE9522986E4" xlink:to="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_80BF5B3C9FF9A0B72B66CEE9522A064C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:label="loc_us-gaap_NumberOfRealEstateProperties_18CE3B6A5E20E8719A6ACEE9522AF178" 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_ScheduleOfEquityMethodInvestmentsLineItems_71E42CBA670CAFDCF8F8CEE9522986E4" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_18CE3B6A5E20E8719A6ACEE9522AF178" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/RealEstatePartnershipsSummarizedOperatingResultsAndFinancialPositionOfPartnershipDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_0A44663DBC20C24F72DDCF0A891B7FE1" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_710A32F892E954169867CF0A891B7E35" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_0A44663DBC20C24F72DDCF0A891B7FE1" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_710A32F892E954169867CF0A891B7E35" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_222D5FE2F3806D05325FCF0A891BACF3" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_710A32F892E954169867CF0A891B7E35" xlink:to="loc_dei_LegalEntityAxis_222D5FE2F3806D05325FCF0A891BACF3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_1E9D99CA0E767D7D85C0CF0A891C3B33" xlink:type="locator" />
    <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_222D5FE2F3806D05325FCF0A891BACF3" xlink:to="loc_dei_EntityDomain_1E9D99CA0E767D7D85C0CF0A891C3B33" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_FederalRealtyInvestmentTrustMember" xlink:label="loc_frt_FederalRealtyInvestmentTrustMember_D6B54B80F377BB32217FCF0A891C4845" xlink:type="locator" />
    <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_1E9D99CA0E767D7D85C0CF0A891C3B33" xlink:to="loc_frt_FederalRealtyInvestmentTrustMember_D6B54B80F377BB32217FCF0A891C4845" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_EEFC91283173FC67B742CF0A891C6FED" xlink:type="locator" />
    <presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_710A32F892E954169867CF0A891B7E35" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_EEFC91283173FC67B742CF0A891C6FED" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityMethodInvesteeNameDomain" xlink:label="loc_us-gaap_EquityMethodInvesteeNameDomain_82E4033F0ED0A67EACA4CF0A891C1F1D" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_EEFC91283173FC67B742CF0A891C6FED" xlink:to="loc_us-gaap_EquityMethodInvesteeNameDomain_82E4033F0ED0A67EACA4CF0A891C1F1D" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_FederalRealtyInvestmentTrustINGClarionPartnersPartnershipMember" xlink:label="loc_frt_FederalRealtyInvestmentTrustINGClarionPartnersPartnershipMember_E8994EA7125FD17790CBCF0A891CDA66" xlink:type="locator" />
    <presentationArc order="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_82E4033F0ED0A67EACA4CF0A891C1F1D" xlink:to="loc_frt_FederalRealtyInvestmentTrustINGClarionPartnersPartnershipMember_E8994EA7125FD17790CBCF0A891CDA66" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_1633202729266832A5B6CF0A891CE935" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_710A32F892E954169867CF0A891B7E35" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_1633202729266832A5B6CF0A891CE935" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_25BBBCA1881B2DB8A23BCF0A891C7E3B" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_1633202729266832A5B6CF0A891CE935" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_25BBBCA1881B2DB8A23BCF0A891C7E3B" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_Revenues" xlink:label="loc_us-gaap_Revenues_BEB464EBB45F0F922767CF0A891CA2D5" 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_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_25BBBCA1881B2DB8A23BCF0A891C7E3B" xlink:to="loc_us-gaap_Revenues_BEB464EBB45F0F922767CF0A891CA2D5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_8F319C3039449261DAD4CF0A891D16F5" 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_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_25BBBCA1881B2DB8A23BCF0A891C7E3B" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_8F319C3039449261DAD4CF0A891D16F5" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_GainLossOnSaleOfPropertiesinRealEstatePartnership" xlink:label="loc_frt_GainLossOnSaleOfPropertiesinRealEstatePartnership_4577DC79DFE9026D8A2DCF0A891DB966" 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_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_25BBBCA1881B2DB8A23BCF0A891C7E3B" xlink:to="loc_frt_GainLossOnSaleOfPropertiesinRealEstatePartnership_4577DC79DFE9026D8A2DCF0A891DB966" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_ExpensesAbstract" xlink:label="loc_frt_ExpensesAbstract_DB55D06A96676FADB25FCF0A891C788D" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_1633202729266832A5B6CF0A891CE935" xlink:to="loc_frt_ExpensesAbstract_DB55D06A96676FADB25FCF0A891C788D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherExpenses" xlink:label="loc_us-gaap_OtherExpenses_39CE7CF8D4CFFE9F4DCBCF0A891C19A6" xlink:type="locator" />
    <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_ExpensesAbstract_DB55D06A96676FADB25FCF0A891C788D" xlink:to="loc_us-gaap_OtherExpenses_39CE7CF8D4CFFE9F4DCBCF0A891C19A6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="loc_us-gaap_DepreciationAndAmortization_08628ED64476EF044FDDCF0A891C5D4E" 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_ExpensesAbstract_DB55D06A96676FADB25FCF0A891C788D" xlink:to="loc_us-gaap_DepreciationAndAmortization_08628ED64476EF044FDDCF0A891C5D4E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_D3BB73CABF14A1C253A9CF0A891C0AB4" 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_ExpensesAbstract_DB55D06A96676FADB25FCF0A891C788D" xlink:to="loc_us-gaap_InterestExpense_D3BB73CABF14A1C253A9CF0A891C0AB4" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_TotalExpenses" xlink:label="loc_frt_TotalExpenses_7B406834AFF910B9E1C7CF0A891CE926" 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_frt_ExpensesAbstract_DB55D06A96676FADB25FCF0A891C788D" xlink:to="loc_frt_TotalExpenses_7B406834AFF910B9E1C7CF0A891CE926" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges" xlink:label="loc_us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges_FD4173DDE0A4D04253B3CF0A891C8692" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_1633202729266832A5B6CF0A891CE935" xlink:to="loc_us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges_FD4173DDE0A4D04253B3CF0A891C8692" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes" xlink:label="loc_us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes_05363DC0063FF0A4E5ADCF0A891DA8AD" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_1633202729266832A5B6CF0A891CE935" xlink:to="loc_us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes_05363DC0063FF0A4E5ADCF0A891DA8AD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_C579F3D77C076FC55245CF0A891D367F" 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_ScheduleOfEquityMethodInvestmentsLineItems_1633202729266832A5B6CF0A891CE935" xlink:to="loc_us-gaap_ProfitLoss_C579F3D77C076FC55245CF0A891D367F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BalanceSheetRelatedDisclosuresAbstract" xlink:label="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_691906B3B0BFF3B29571CF0A891D0CCA" xlink:type="locator" />
    <presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_1633202729266832A5B6CF0A891CE935" xlink:to="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_691906B3B0BFF3B29571CF0A891D0CCA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_484A363D80287E894078CF0A891DA6F5" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_691906B3B0BFF3B29571CF0A891D0CCA" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_484A363D80287E894078CF0A891DA6F5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_B5888FD135A36AC1626CCF0A891D09FD" 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_BalanceSheetRelatedDisclosuresAbstract_691906B3B0BFF3B29571CF0A891D0CCA" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_B5888FD135A36AC1626CCF0A891D09FD" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_73A401CB230E0A8DA8A6CF0A891D3D66" 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_BalanceSheetRelatedDisclosuresAbstract_691906B3B0BFF3B29571CF0A891D0CCA" xlink:to="loc_us-gaap_OtherAssets_73A401CB230E0A8DA8A6CF0A891D3D66" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_13BED0D5FA16127F769BCF0A891D5D18" 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_BalanceSheetRelatedDisclosuresAbstract_691906B3B0BFF3B29571CF0A891D0CCA" xlink:to="loc_us-gaap_Assets_13BED0D5FA16127F769BCF0A891D5D18" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SecuredDebt" xlink:label="loc_us-gaap_SecuredDebt_5F834DDE3CBCD8D2D881CF0A891DE865" 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_BalanceSheetRelatedDisclosuresAbstract_691906B3B0BFF3B29571CF0A891D0CCA" xlink:to="loc_us-gaap_SecuredDebt_5F834DDE3CBCD8D2D881CF0A891DE865" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="loc_us-gaap_OtherLiabilities_86D1DBE12CE1C265E4DFCF0A891DCC80" 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_BalanceSheetRelatedDisclosuresAbstract_691906B3B0BFF3B29571CF0A891D0CCA" xlink:to="loc_us-gaap_OtherLiabilities_86D1DBE12CE1C265E4DFCF0A891DCC80" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PartnersCapital" xlink:label="loc_us-gaap_PartnersCapital_1883C6A1FC0DCEE60FD7CF0A891D79D6" 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_BalanceSheetRelatedDisclosuresAbstract_691906B3B0BFF3B29571CF0A891D0CCA" xlink:to="loc_us-gaap_PartnersCapital_1883C6A1FC0DCEE60FD7CF0A891D79D6" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_CF58D8F7DDCE98DA4F9BCF0A891D79D0" 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_BalanceSheetRelatedDisclosuresAbstract_691906B3B0BFF3B29571CF0A891D0CCA" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_CF58D8F7DDCE98DA4F9BCF0A891D79D0" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_ShareOfUnconsolidatedDebt" xlink:label="loc_frt_ShareOfUnconsolidatedDebt_750683C40728B358F036CF0A891D2140" xlink:type="locator" />
    <presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_1633202729266832A5B6CF0A891CE935" xlink:to="loc_frt_ShareOfUnconsolidatedDebt_750683C40728B358F036CF0A891D2140" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_DFBE89FE7C6F15104498CF0A891D088A" xlink:type="locator" />
    <presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_1633202729266832A5B6CF0A891CE935" xlink:to="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_DFBE89FE7C6F15104498CF0A891D088A" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/RealEstatePartnershipsTables" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_E0E41048CF7095438989B899C3F58E40" xlink:type="locator" />
    <loc xlink:href="frt-20150930.xsd#frt_ScheduleOfBalanceSheetsAndOperatingResultsOfUnconsolidatedJointVenturesTableTextBlock" xlink:label="loc_frt_ScheduleOfBalanceSheetsAndOperatingResultsOfUnconsolidatedJointVenturesTableTextBlock_95FDD49439BE5E69207FB899C3F505BC" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_E0E41048CF7095438989B899C3F58E40" xlink:to="loc_frt_ScheduleOfBalanceSheetsAndOperatingResultsOfUnconsolidatedJointVenturesTableTextBlock_95FDD49439BE5E69207FB899C3F505BC" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_A523256C3A6120593556B899C446149A" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_640DE94EE8D999508FE3B899C446C3C8" xlink:type="locator" />
    <presentationArc order="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_A523256C3A6120593556B899C446149A" xlink:to="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_640DE94EE8D999508FE3B899C446C3C8" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_AC8555A17A5C1AB48EC3B899C473F8A8" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock" xlink:label="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_F6D93E5E5999D552992DB899C474B9F9" xlink:type="locator" />
    <presentationArc order="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_AC8555A17A5C1AB48EC3B899C473F8A8" xlink:to="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_F6D93E5E5999D552992DB899C474B9F9" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ShareBasedCompensationSummaryOfShareBasedCompensationExpenseDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_56B1E0DCACF195C36392B899C41351BD" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract" xlink:label="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_5D4F48FAB43B0C91B6D8B899C41395CF" xlink:type="locator" />
    <presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_56B1E0DCACF195C36392B899C41351BD" xlink:to="loc_us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract_5D4F48FAB43B0C91B6D8B899C41395CF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_6FC4DA85942B79B7CFEBB899C4136547" 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_5D4F48FAB43B0C91B6D8B899C41395CF" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_6FC4DA85942B79B7CFEBB899C4136547" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_375A2252A8A788B393ABB899C413E8FA" 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_5D4F48FAB43B0C91B6D8B899C41395CF" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_375A2252A8A788B393ABB899C413E8FA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_D5738417411BBAEBFE49B899C41370FB" 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_5D4F48FAB43B0C91B6D8B899C41395CF" xlink:to="loc_us-gaap_ShareBasedCompensation_D5738417411BBAEBFE49B899C41370FB" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="loc_us-gaap_StockholdersEquityNoteAbstract_D3A77E6527CA34D10DD8B899C4756CA5" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_1D65AF87AAB6F03B1BA8B899C47591B0" xlink:type="locator" />
    <presentationArc order="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_D3A77E6527CA34D10DD8B899C4756CA5" xlink:to="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_1D65AF87AAB6F03B1BA8B899C47591B0" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ShareholdersEquityDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="loc_us-gaap_StockholdersEquityNoteAbstract_01E232A510B5C25F947ACF9A1E8F351D" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:label="loc_us-gaap_ScheduleOfStockByClassTable_AB9957B2CF51DD59856DCF9A1E901F38" xlink:type="locator" />
    <presentationArc order="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_01E232A510B5C25F947ACF9A1E8F351D" xlink:to="loc_us-gaap_ScheduleOfStockByClassTable_AB9957B2CF51DD59856DCF9A1E901F38" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsidiarySaleOfStockAxis" xlink:label="loc_us-gaap_SubsidiarySaleOfStockAxis_D041E0AC3DCCB806425DCF9A1E91FFBA" xlink:type="locator" />
    <presentationArc order="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_AB9957B2CF51DD59856DCF9A1E901F38" xlink:to="loc_us-gaap_SubsidiarySaleOfStockAxis_D041E0AC3DCCB806425DCF9A1E91FFBA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SaleOfStockNameOfTransactionDomain" xlink:label="loc_us-gaap_SaleOfStockNameOfTransactionDomain_B3F0BC983C28A867DDC6CF9A1E91DCB2" xlink:type="locator" />
    <presentationArc order="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_D041E0AC3DCCB806425DCF9A1E91FFBA" xlink:to="loc_us-gaap_SaleOfStockNameOfTransactionDomain_B3F0BC983C28A867DDC6CF9A1E91DCB2" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_AtMarketEquityProgramMember" xlink:label="loc_frt_AtMarketEquityProgramMember_C598C687CFD604330A5ACF9A1E91F9A4" xlink:type="locator" />
    <presentationArc order="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_B3F0BC983C28A867DDC6CF9A1E91DCB2" xlink:to="loc_frt_AtMarketEquityProgramMember_C598C687CFD604330A5ACF9A1E91F9A4" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_StockIssuanceCostsByTypeAxis" xlink:label="loc_frt_StockIssuanceCostsByTypeAxis_73AC705A9D58B5658CB3CF9A1E9179D6" 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_AB9957B2CF51DD59856DCF9A1E901F38" xlink:to="loc_frt_StockIssuanceCostsByTypeAxis_73AC705A9D58B5658CB3CF9A1E9179D6" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_StockIssuanceCostsByTypeDomain" xlink:label="loc_frt_StockIssuanceCostsByTypeDomain_C313560DBF0CADB603E0CF9A1E91FA55" xlink:type="locator" />
    <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_73AC705A9D58B5658CB3CF9A1E9179D6" xlink:to="loc_frt_StockIssuanceCostsByTypeDomain_C313560DBF0CADB603E0CF9A1E91FA55" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_CommissionsMember" xlink:label="loc_frt_CommissionsMember_CBD5B4EC45D97F8538A4CF9A1E914279" xlink:type="locator" />
    <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_C313560DBF0CADB603E0CF9A1E91FA55" xlink:to="loc_frt_CommissionsMember_CBD5B4EC45D97F8538A4CF9A1E914279" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_OtherOfferingCostsMember" xlink:label="loc_frt_OtherOfferingCostsMember_B18190FF6B470F19FA30CF9A1E9186ED" 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_C313560DBF0CADB603E0CF9A1E91FA55" xlink:to="loc_frt_OtherOfferingCostsMember_B18190FF6B470F19FA30CF9A1E9186ED" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="loc_us-gaap_ClassOfStockLineItems_9E076B5F36328384E1F4CF9A1E91F940" 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_AB9957B2CF51DD59856DCF9A1E901F38" xlink:to="loc_us-gaap_ClassOfStockLineItems_9E076B5F36328384E1F4CF9A1E91F940" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_AggregateOfferingPriceOfCommonShare" xlink:label="loc_frt_AggregateOfferingPriceOfCommonShare_B35D0B30DA7ADD21C7CDCF9A1E91994E" xlink:type="locator" />
    <presentationArc order="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_9E076B5F36328384E1F4CF9A1E91F940" xlink:to="loc_frt_AggregateOfferingPriceOfCommonShare_B35D0B30DA7ADD21C7CDCF9A1E91994E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_160B7FC4387BF8D46B6DCF9A1E91480E" 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_9E076B5F36328384E1F4CF9A1E91F940" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_160B7FC4387BF8D46B6DCF9A1E91480E" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_WeightedAveragePricePerCommonShare" xlink:label="loc_frt_WeightedAveragePricePerCommonShare_3B52E004B36EE6C7467FCF9A1E922C02" 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_9E076B5F36328384E1F4CF9A1E91F940" xlink:to="loc_frt_WeightedAveragePricePerCommonShare_3B52E004B36EE6C7467FCF9A1E922C02" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_BD823502CABA234B2CA4CF9A1E9224C5" 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_9E076B5F36328384E1F4CF9A1E91F940" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_BD823502CABA234B2CA4CF9A1E9224C5" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsOfStockIssuanceCosts" xlink:label="loc_us-gaap_PaymentsOfStockIssuanceCosts_AFC056A55F62C2DE2013CF9A1E924D61" 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_9E076B5F36328384E1F4CF9A1E91F940" xlink:to="loc_us-gaap_PaymentsOfStockIssuanceCosts_AFC056A55F62C2DE2013CF9A1E924D61" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_RemainingCapacityToIssue" xlink:label="loc_frt_RemainingCapacityToIssue_3FB54CBABE6A1DAC67A5CF9A1E92CA93" 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_9E076B5F36328384E1F4CF9A1E91F940" xlink:to="loc_frt_RemainingCapacityToIssue_3FB54CBABE6A1DAC67A5CF9A1E92CA93" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/ShareholdersEquitySummaryOfDividendsDeclaredAndPaidPerShareDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="loc_us-gaap_StockholdersEquityNoteAbstract_7843F22E54F5C63DDD3AB899C43B11D8" xlink:type="locator" />
    <loc xlink:href="frt-20150930.xsd#frt_StockholdersEquityTable" xlink:label="loc_frt_StockholdersEquityTable_A9C85E0704F91A6511E8B899C43BFF62" xlink:type="locator" />
    <presentationArc order="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_7843F22E54F5C63DDD3AB899C43B11D8" xlink:to="loc_frt_StockholdersEquityTable_A9C85E0704F91A6511E8B899C43BFF62" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_C0EDBC7A7C2E9CB00794B899C43BC783" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_StockholdersEquityTable_A9C85E0704F91A6511E8B899C43BFF62" xlink:to="loc_us-gaap_StatementClassOfStockAxis_C0EDBC7A7C2E9CB00794B899C43BC783" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_05DDDF6B5DB89C4006D9B899C43B2F78" xlink:type="locator" />
    <presentationArc order="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_C0EDBC7A7C2E9CB00794B899C43BC783" xlink:to="loc_us-gaap_ClassOfStockDomain_05DDDF6B5DB89C4006D9B899C43B2F78" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_729912EE2B7F61D3801CB899C43B804A" xlink:type="locator" />
    <presentationArc order="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_05DDDF6B5DB89C4006D9B899C43B2F78" xlink:to="loc_us-gaap_CommonStockMember_729912EE2B7F61D3801CB899C43B804A" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_A5417Series1CumulativeConvertiblePreferredMember" xlink:label="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_FBB02158312BDD4DA9BEB899C43B74B1" 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_05DDDF6B5DB89C4006D9B899C43B2F78" xlink:to="loc_frt_A5417Series1CumulativeConvertiblePreferredMember_FBB02158312BDD4DA9BEB899C43B74B1" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_8C77CCE281E357403860B899C43BCBBE" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_frt_StockholdersEquityTable_A9C85E0704F91A6511E8B899C43BFF62" xlink:to="loc_us-gaap_StatementLineItems_8C77CCE281E357403860B899C43BCBBE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_9407CFFE508819E4F09FB899C43BDABA" xlink:type="locator" />
    <presentationArc order="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_8C77CCE281E357403860B899C43BCBBE" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_9407CFFE508819E4F09FB899C43BDABA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockDividendsPerShareCashPaid" xlink:label="loc_us-gaap_CommonStockDividendsPerShareCashPaid_3A3A3AC01EA67AD598D3B899C43C45A9" 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_8C77CCE281E357403860B899C43BCBBE" xlink:to="loc_us-gaap_CommonStockDividendsPerShareCashPaid_3A3A3AC01EA67AD598D3B899C43C45A9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_PreferredStockDividendsPerShareDeclared_D202D96D33F875C16B1EB899C43C7F46" 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_8C77CCE281E357403860B899C43BCBBE" xlink:to="loc_us-gaap_PreferredStockDividendsPerShareDeclared_D202D96D33F875C16B1EB899C43C7F46" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockDividendsPerShareCashPaid" xlink:label="loc_us-gaap_PreferredStockDividendsPerShareCashPaid_4E3A7D55A919A03BC70FB899C43CABAB" 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_8C77CCE281E357403860B899C43BCBBE" xlink:to="loc_us-gaap_PreferredStockDividendsPerShareCashPaid_4E3A7D55A919A03BC70FB899C43CABAB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="loc_us-gaap_PreferredStockDividendRatePercentage_E5B0CBBDD4368331ECABB899C43C3FD7" 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_8C77CCE281E357403860B899C43BCBBE" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_E5B0CBBDD4368331ECABB899C43C3FD7" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="loc_us-gaap_StockholdersEquityNoteAbstract_4295146207584FBD963CB899C472FDA3" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DividendsDeclaredTableTextBlock" xlink:label="loc_us-gaap_DividendsDeclaredTableTextBlock_2B0340CE54063498D09DB899C47234A7" xlink:type="locator" />
    <presentationArc order="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_4295146207584FBD963CB899C472FDA3" xlink:to="loc_us-gaap_DividendsDeclaredTableTextBlock_2B0340CE54063498D09DB899C47234A7" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="loc_us-gaap_SubsequentEventsAbstract_FF8954E25BC31B571F22B899C3C6DABC" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="loc_us-gaap_SubsequentEventsTextBlock_81A133F666E530FF17CCB899C3C7DA8F" xlink:type="locator" />
    <presentationArc order="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_FF8954E25BC31B571F22B899C3C6DABC" xlink:to="loc_us-gaap_SubsequentEventsTextBlock_81A133F666E530FF17CCB899C3C7DA8F" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="loc_us-gaap_SubsequentEventsAbstract_E1F391357E92B03E2297CF8E2AEC93B9" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventTable" xlink:label="loc_us-gaap_SubsequentEventTable_546CF26D9B036EBB78D9CF8E2AEC1157" xlink:type="locator" />
    <presentationArc order="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_E1F391357E92B03E2297CF8E2AEC93B9" xlink:to="loc_us-gaap_SubsequentEventTable_546CF26D9B036EBB78D9CF8E2AEC1157" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_43C111E48373A0826E2DCF90AA74E1BB" xlink:type="locator" />
    <presentationArc order="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_546CF26D9B036EBB78D9CF8E2AEC1157" xlink:to="loc_us-gaap_DebtInstrumentAxis_43C111E48373A0826E2DCF90AA74E1BB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_6691F2E8A160B9E90A84CF90AA75E4BE" xlink:type="locator" />
    <presentationArc order="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_43C111E48373A0826E2DCF90AA74E1BB" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_6691F2E8A160B9E90A84CF90AA75E4BE" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgagesMember" xlink:label="loc_us-gaap_MortgagesMember_EF2E1739F380C5DF3721CF90DBBF0F35" xlink:type="locator" />
    <presentationArc order="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_6691F2E8A160B9E90A84CF90AA75E4BE" xlink:to="loc_us-gaap_MortgagesMember_EF2E1739F380C5DF3721CF90DBBF0F35" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_C62CE2714D7F266C8EC4CF8E2AEC1C79" 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_546CF26D9B036EBB78D9CF8E2AEC1157" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_C62CE2714D7F266C8EC4CF8E2AEC1C79" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_96DE237F385745DD5528CF8E2AEC0551" xlink:type="locator" />
    <presentationArc order="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_C62CE2714D7F266C8EC4CF8E2AEC1C79" xlink:to="loc_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_96DE237F385745DD5528CF8E2AEC0551" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_SanAntonioCenterMember" xlink:label="loc_frt_SanAntonioCenterMember_FB2567D64F16F04345CCCF8E2AECEEA3" xlink:type="locator" />
    <presentationArc order="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_96DE237F385745DD5528CF8E2AEC0551" xlink:to="loc_frt_SanAntonioCenterMember_FB2567D64F16F04345CCCF8E2AECEEA3" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_D7021A5F5259E4F56968CF8E2AEC630C" 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_546CF26D9B036EBB78D9CF8E2AEC1157" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_D7021A5F5259E4F56968CF8E2AEC630C" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_0976E8D6AC3149E814BCCF8E2AECEF91" xlink:type="locator" />
    <presentationArc order="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_D7021A5F5259E4F56968CF8E2AEC630C" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_0976E8D6AC3149E814BCCF8E2AECEF91" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_F0F0C6E21D0F09F5885FCF8E2AEC7179" xlink:type="locator" />
    <presentationArc order="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_0976E8D6AC3149E814BCCF8E2AECEF91" xlink:to="loc_us-gaap_SubsequentEventMember_F0F0C6E21D0F09F5885FCF8E2AEC7179" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_SunsetPlaceMember" xlink:label="loc_frt_SunsetPlaceMember_03832201A3A22CC6634DCF8E2AED8A95" 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_SubsequentEventTypeDomain_0976E8D6AC3149E814BCCF8E2AECEF91" xlink:to="loc_frt_SunsetPlaceMember_03832201A3A22CC6634DCF8E2AED8A95" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_775CE87A36E433A3114DCF8E2AED7746" 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_546CF26D9B036EBB78D9CF8E2AEC1157" xlink:to="loc_dei_LegalEntityAxis_775CE87A36E433A3114DCF8E2AED7746" xlink:type="arc" />
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_766DB1B973625B50FB6FCF8E2AED4ED9" xlink:type="locator" />
    <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_775CE87A36E433A3114DCF8E2AED7746" xlink:to="loc_dei_EntityDomain_766DB1B973625B50FB6FCF8E2AED4ED9" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_72DB24333BD1EE68EBABCF8E2AED7231" 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_SubsequentEventTable_546CF26D9B036EBB78D9CF8E2AEC1157" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_72DB24333BD1EE68EBABCF8E2AED7231" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_67B4A39419C500208639CF8E2AED6DF3" xlink:type="locator" />
    <presentationArc order="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_72DB24333BD1EE68EBABCF8E2AED7231" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_67B4A39419C500208639CF8E2AED6DF3" 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_67B4A39419C500208639CF8E2AED6DF3" xlink:to="loc_frt_SunsetPlaceMember_03832201A3A22CC6634DCF8E2AED8A95" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventLineItems" xlink:label="loc_us-gaap_SubsequentEventLineItems_B3118708C9B91F2C9DB0CF8E2AED0BDA" 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_SubsequentEventTable_546CF26D9B036EBB78D9CF8E2AEC1157" xlink:to="loc_us-gaap_SubsequentEventLineItems_B3118708C9B91F2C9DB0CF8E2AED0BDA" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_CommonInterestAcquisition" xlink:label="loc_frt_CommonInterestAcquisition_01BDD0011FB34424261BCF8E2AED13A8" xlink:type="locator" />
    <presentationArc order="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_B3118708C9B91F2C9DB0CF8E2AED0BDA" xlink:to="loc_frt_CommonInterestAcquisition_01BDD0011FB34424261BCF8E2AED13A8" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtinguishmentOfDebtAmount" xlink:label="loc_us-gaap_ExtinguishmentOfDebtAmount_7F7D3E4A927B95F0C63FCF8E2AEDA272" xlink:type="locator" />
    <presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_B3118708C9B91F2C9DB0CF8E2AED0BDA" xlink:to="loc_us-gaap_ExtinguishmentOfDebtAmount_7F7D3E4A927B95F0C63FCF8E2AEDA272" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AreaOfRealEstateProperty" xlink:label="loc_us-gaap_AreaOfRealEstateProperty_7BF5F2EC769F2EDF1694CF8E2AED7F34" xlink:type="locator" />
    <presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_B3118708C9B91F2C9DB0CF8E2AED0BDA" xlink:to="loc_us-gaap_AreaOfRealEstateProperty_7BF5F2EC769F2EDF1694CF8E2AED7F34" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferred1_F10C73102A39065C8B4DCF8E2AEDD5EB" xlink:type="locator" />
    <presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_B3118708C9B91F2C9DB0CF8E2AED0BDA" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferred1_F10C73102A39065C8B4DCF8E2AEDD5EB" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_1D094F170BAF6E0A526CCF8E2AEDB98F" 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_SubsequentEventLineItems_B3118708C9B91F2C9DB0CF8E2AED0BDA" xlink:to="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_1D094F170BAF6E0A526CCF8E2AEDB98F" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_7F9BF956F92378F10D86CF8E2AED1A46" 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_SubsequentEventLineItems_B3118708C9B91F2C9DB0CF8E2AED0BDA" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_7F9BF956F92378F10D86CF8E2AED1A46" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SubsequentEventsTables" xlink:type="extended" />
  <presentationLink xlink:role="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPolicies" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_E65FF34116FFE7884AF3B899C466CD12" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_ED2B1C7BA62E6A637166B899C466C0CE" xlink:type="locator" />
    <presentationArc order="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_E65FF34116FFE7884AF3B899C466CD12" xlink:to="loc_us-gaap_SignificantAccountingPoliciesTextBlock_ED2B1C7BA62E6A637166B899C466C0CE" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_633C1A720D1C7E1E7704B899C478F4A9" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_9A7FE23567023BD0D8C3B899C478CCCA" xlink:type="locator" />
    <presentationArc order="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_633C1A720D1C7E1E7704B899C478F4A9" xlink:to="loc_us-gaap_ConsolidationPolicyTextBlock_9A7FE23567023BD0D8C3B899C478CCCA" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="loc_us-gaap_UseOfEstimates_8C0A1D1336FD1DB6C70BB899C4786F0E" 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_633C1A720D1C7E1E7704B899C478F4A9" xlink:to="loc_us-gaap_UseOfEstimates_8C0A1D1336FD1DB6C70BB899C4786F0E" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_50B49205D1442C816693B899C4781AF7" 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_633C1A720D1C7E1E7704B899C478F4A9" xlink:to="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_50B49205D1442C816693B899C4781AF7" xlink:type="arc" />
  </presentationLink>
  <presentationLink xlink:role="http://www.federalrealty.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfSupplementalCashFlowDisclosuresDetails" xlink:type="extended">
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_A783F1C601E192B1EDC3B899C40FF5B3" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_4663F4FBFC7E76D5516BB899C410AA8D" xlink:type="locator" />
    <presentationArc order="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_A783F1C601E192B1EDC3B899C40FF5B3" xlink:to="loc_us-gaap_SupplementalCashFlowInformationAbstract_4663F4FBFC7E76D5516BB899C410AA8D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestCostsIncurred" xlink:label="loc_us-gaap_InterestCostsIncurred_088091314300BCC72924B899C4103F41" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_4663F4FBFC7E76D5516BB899C410AA8D" xlink:to="loc_us-gaap_InterestCostsIncurred_088091314300BCC72924B899C4103F41" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestCostsCapitalizedAdjustment" xlink:label="loc_us-gaap_InterestCostsCapitalizedAdjustment_7050A3EE4CC021B9D702B899C410B97D" 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_SupplementalCashFlowInformationAbstract_4663F4FBFC7E76D5516BB899C410AA8D" xlink:to="loc_us-gaap_InterestCostsCapitalizedAdjustment_7050A3EE4CC021B9D702B899C410B97D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_B08FB775527604A385F0B899C410D83D" 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_SupplementalCashFlowInformationAbstract_4663F4FBFC7E76D5516BB899C410AA8D" xlink:to="loc_us-gaap_InterestExpense_B08FB775527604A385F0B899C410D83D" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="loc_us-gaap_InterestPaidNet_3134343646356816FDDFB899C4102E6A" 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_SupplementalCashFlowInformationAbstract_4663F4FBFC7E76D5516BB899C410AA8D" xlink:to="loc_us-gaap_InterestPaidNet_3134343646356816FDDFB899C4102E6A" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="loc_us-gaap_IncomeTaxesPaidNet_40501719AA33F3223080B899C4109538" 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_SupplementalCashFlowInformationAbstract_4663F4FBFC7E76D5516BB899C410AA8D" xlink:to="loc_us-gaap_IncomeTaxesPaidNet_40501719AA33F3223080B899C4109538" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_623CEB782DFBDA77C573B899C410A5FF" 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_A783F1C601E192B1EDC3B899C40FF5B3" xlink:to="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_623CEB782DFBDA77C573B899C410A5FF" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_648D18F661B4E6F4AFCBB899C410B8D4" xlink:type="locator" />
    <presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_623CEB782DFBDA77C573B899C410A5FF" xlink:to="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_648D18F661B4E6F4AFCBB899C410B8D4" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_ValueofdownREITOperatingPartnershipUnitsIssuedinConnectionwithBusinessAcqu" xlink:label="loc_frt_ValueofdownREITOperatingPartnershipUnitsIssuedinConnectionwithBusinessAcqu_25ADF236B5CD227877C8B899C410A606" 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_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_623CEB782DFBDA77C573B899C410A5FF" xlink:to="loc_frt_ValueofdownREITOperatingPartnershipUnitsIssuedinConnectionwithBusinessAcqu_25ADF236B5CD227877C8B899C410A606" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_Refinanceofmortgageloan" xlink:label="loc_frt_Refinanceofmortgageloan_08A649BF96E245BB2C3EB899C410CBC4" 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_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_623CEB782DFBDA77C573B899C410A5FF" xlink:to="loc_frt_Refinanceofmortgageloan_08A649BF96E245BB2C3EB899C410CBC4" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_RepaymentofNotePayablewithPublicFunding" xlink:label="loc_frt_RepaymentofNotePayablewithPublicFunding_DC3388B2E50B21A50420B899C411753E" 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_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_623CEB782DFBDA77C573B899C410A5FF" xlink:to="loc_frt_RepaymentofNotePayablewithPublicFunding_DC3388B2E50B21A50420B899C411753E" xlink:type="arc" />
    <loc xlink:href="frt-20150930.xsd#frt_DividendsReinvestedInNoncashFinancingTransaction" xlink:label="loc_frt_DividendsReinvestedInNoncashFinancingTransaction_F1E756FBC79F59F9A483B899C4113B17" 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_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_623CEB782DFBDA77C573B899C410A5FF" xlink:to="loc_frt_DividendsReinvestedInNoncashFinancingTransaction_F1E756FBC79F59F9A483B899C4113B17" xlink:type="arc" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsOfDebtExtinguishmentCosts" xlink:label="loc_us-gaap_PaymentsOfDebtExtinguishmentCosts_3169F84EA237768E0EC9B899C411E46B" 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_AccountingPoliciesAbstract_A783F1C601E192B1EDC3B899C40FF5B3" xlink:to="loc_us-gaap_PaymentsOfDebtExtinguishmentCosts_3169F84EA237768E0EC9B899C411E46B" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_60B146E5B4108C158082B899C3A4F2EE" xlink:type="locator" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_492C41FC93E37F33193CB899C3A4C147" xlink:type="locator" />
    <presentationArc order="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_60B146E5B4108C158082B899C3A4F2EE" xlink:to="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_492C41FC93E37F33193CB899C3A4C147" xlink:type="arc" />
  </presentationLink>
</linkbase>
