In 2012, Federal Realty celebrates 50 years of being a proven leader in the ownership,
operation, and redevelopment of high quality retail real estate in the country’s
best markets. Federal Realty's portfolio (excluding joint venture properties) contains
approximately 19.3 million square feet located primarily in strategically selected
metropolitan markets in the Northeast and Mid-Atlantic regions of the United States,
as well as in California. In addition, the Trust has an ownership interest in approximately
1.0 million square feet of retail space through a joint venture in which the Trust
has a 30% interest. Our operating portfolio (excluding joint venture properties)
was 93.4% leased to national, regional, and local retailers as of December 31, 2011,
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 44 consecutive
years, the longest record in the REIT industry. Federal Realty is an S&P MidCap
400 company and its shares are traded on the NYSE under the symbol FRT. For more
information, please visit
www.federalrealty.com.
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