ROCKVILLE, Md: Federal Realty Investment Trust (NYSE: FRT) today announced that it has priced an underwritten public offering of 6,000,000 depositary shares, each representing a 1/1000 fractional interest in a share of the Trust's 5.000pc Series C Cumulative Redeemable Preferred Shares of Beneficial Interest for a gross public offering price of USD 150 million.
As part of the offering, the Trust granted the underwriters a 30-day option to purchase an additional 400,000 depositary shares. The depositary shares, priced at $25.00 per depositary share, entitle holders of each depositary share to a 5.000% cumulative dividend, or $1.250 per annum, are not convertible into common stock and are redeemable at par at the option of the company on and after September 29, 2022. The offering is expected to close on September 29, 2017, subject to customary closing conditions. The Trust intends to apply to list the depositary shares on the New York Stock Exchange under the symbol "FRTPRC". If its application is approved, the Trust expects trading of the depositary shares on the New York Stock Exchange to commence within the 30-day period after the initial delivery of the depositary shares.

The Trust intends to use the net proceeds from this offering to reduce amounts outstanding under its revolving credit facility and for general corporate purposes.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities LLC and Wells Fargo Securities, LLC served as joint book-running managers for the offering. Raymond James & Associates, Inc., Citigroup Global Markets Inc., Jefferies LLC and J.P. Morgan Securities LLC served as joint lead-managers for the offering.

The offering was made pursuant to an effective shelf registration statement, prospectus and related prospectus supplement. Copies of the prospectus supplement and the base prospectus, when available, may be obtained by contacting (i) Merrill Lynch, Pierce, Fenner & Smith Incorporated, NCI-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department or by email at; (ii) UBS Securities LLC, 1285 Avenue of the Americas, New York, New York 10019, Attention: Prospectus Department or by telephone 1-888-827-7275; or (iii) Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attention: WFS Customer Service, or by calling 1-800-645-3751 or by email at Investors may also obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission's website at

(Posted on 29 September 2017, 1685699045 3O231O217O107)