Federal Realty Investment Trust Announces Fourth Quarter and Year-End 2006 Earnings Release Date and Conference Call Information

ROCKVILLE, Md., Jan. 5 /PRNewswire-FirstCall/ -- Federal Realty Investment Trust will announce fourth quarter and year-end 2006 earnings in a press release to be issued after the market closes on Tuesday, February 13, 2007.

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The conference call for fourth quarter and year-end 2006 earnings will take place on Wednesday, February 14, 2007, at 11 a.m. Eastern Standard Time (EST). Conference call access information is as follows:

Toll Free Number: [phone] Pass Code: 12532544 Conference Leader: Andrew Blocher

A telephonic replay of the conference call will be available beginning at 1 p.m. EST on Wednesday, February 14, 2007, through Monday, March 19, 2007. Replay access information is as follows:

Toll Free Number: [phone] Pass Code: 29937458

A live on-demand Web cast of the conference call will be available on Federal Realty's Web site at http://www.federalrealty.com/. Please check the company's Web site prior to the call for any materials that may be used during the conference call. An online playback of the Web cast will be available at http://www.federalrealty.com/ for 30 days following the conference call. The call will also be available as a podcast on http://www.reitcafe.com/ shortly after completion of the call.

About Federal Realty

Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development, and redevelopment of high quality retail assets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 18.6 million square feet located primarily in strategic metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 0.7 million square feet of retail space through its joint venture with Clarion Lion Properties Fund in which the Trust has a 30% interest. Our operating portfolio (excluding joint venture properties) was 97.3% leased to national, regional, and local retailers as of September 30, 2006, with no single tenant accounting for more than approximately 2.5% of annualized base rent. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 39 consecutive years, the longest record in the REIT industry. Shares of Federal Realty are traded on the NYSE under the symbol FRT.

Investor and Media Inquiries Andrew Blocher Vikki Kayne Vice President, Vice President, Capital Markets & Marketing and Corporate Investor Relations Communications 301/998-8166 301/[e-mail]
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