Financial Data and Key Metrics Changes - The company reported FFO per share of $1.64 for Q4 2023 and $6.55 for the year, representing increases of 3.8% and 3.6% respectively compared to 2022 [12][22][36] - The comparable POI growth was 4% for Q4 and 3.2% for the year, with cash basis growth at 5.2% for Q4 and 4.7% for the year [36] - The company expects FFO per share for 2024 to be in the range of $6.65 to $6.87, indicating over 3% growth at the midpoint [7][8] Business Line Data and Key Metrics Changes - Retail leasing saw strong performance with 100 comparable retail deals completed in Q4, achieving a 12% rollover on a cash basis and 23% on a straight-line basis [15] - The residential portfolio reported same-store POI growth of 5.8% in Q4, with revenue growth of 6% [36] - The overall portfolio was 94.2% leased at year-end, with anchors at 96% and shop space at 90.7% [16] Market Data and Key Metrics Changes - The company noted that demand continues to exceed supply for high-quality assets in suburban areas, with no significant new supply expected [13] - The average in-place rents portfolio-wide were $31.60 per foot, with comparable retail deals in Q4 at $44.57 per foot [14] - The residential and office products in mixed-use properties outperformed competing supply, standing at 96% leased [18] Company Strategy and Development Direction - The company plans to expand its residential offerings, with a new project at Bala Cynwyd Shopping Center adding 217 residential units and additional retail space [20][21] - The focus remains on redevelopment and expansion, with a pipeline expected to contribute an additional $9 million to $12 million of POI in 2024 [25] - The management expressed optimism about future acquisitions, anticipating a better year for acquisitions in 2024 as the market stabilizes [49][51] Management's Comments on Operating Environment and Future Outlook - Management highlighted the strong fundamentals of the business, emphasizing that higher interest rates should not overshadow the underlying performance [19] - The company expects continued upward adjustments in rents, particularly in affluent areas where customers can absorb higher costs [19] - Management noted that the leasing environment remains competitive, with tenants seeking high-quality spaces with amenities [74] Other Important Information - The company refinanced $600 million in bond maturities, improving its liquidity position to over $1.3 billion [29] - The leverage metrics remain strong, with a net debt to EBITDA ratio of 5.9 times, expected to improve to 5.5 times by 2025 [29] Q&A Session Summary Question: Can you discuss the office leasing momentum and prospects for 2024? - Management indicated they are close to signing a large tenant lease at Santana West, which would significantly increase occupancy [5] Question: What are the expectations for rent growth in 2024? - Management expects to push rents higher due to strong demand and limited supply, with a focus on maintaining landlord-friendly lease terms [45] Question: Can you elaborate on acquisition opportunities for 2024? - Management expressed optimism about increased acquisition opportunities in 2024, as many sellers are expected to enter the market [51] Question: What are the trends in retail tenant demand? - Management noted that Q4 leasing volumes were affected by timing, but the overall pipeline remains strong, with expectations for continued growth [54] Question: How is the company addressing construction costs? - Management reported improved predictability in construction costs, particularly on the labor side, which is beneficial for future projects [90]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO THE SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-07533 (Federal Realty Investment Trust) Commission file number: 333-262016-01 (Federal Realty OP LP) FEDERAL REALTY INVESTM ...

Federal Realty Investment Trust (NYSE:FRT) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Leah Brady - Vice President, Investor Relations Donald Wood - Chief Executive Officer Dan Guglielmone - Executive Vice President, Chief Financial Officer and Treasurer Jeff Berkes - President and Chief Operating Officer Wendy Seher - Executive Vice President, Eastern Region President Conference Call Participants Alexander Goldfarb - Piper Sandler Steve Sakwa - Evercore ISI Juan Sanabr ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO THE SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Delaware (Federal Realty OP LP) 52-0782497 (State of Organization) (IRS Employer Identification No.) 909 Rose Avenue, Suite 200, North Bethe ...

Federal Realty Investment Trust (NYSE:FRT) Bank of America 2023 Global Real Estate Conference September 13, 2023 1:25 PM ET CorporateParticipants Don Wood - Chief Executive Officer Dan Guglielmone - Chief Financial Officer ConferenceCall Participants Lizzy Doykan - Bank of America Lizzy Doykan So hi, everybody. This is a roundtable presentation with Federal Realty. I'm joined by Don Wood, CEO; and Dan Guglielmone, CFO. I'm Lizzy Doykan. I work with Jeff Spector covering the retail REITs at BofA. So I'm goin ...

Federal Realty Investment Trust (NYSE:FRT) Q2 2023 Earnings Conference Call August 2, 2023 5:30 PM ET Company Participants Leah Brady - Vice President, Investor Relations Don Wood - Chief Executive Officer Dan G. - Executive Vice President, Chief Financial Officer & Treasurer Jeff Berkes - President & Chief Operating Officer Jan Sweetnam - Executive Vice President & Chief Investment Officer Wendy Seher - Executive Vice President, Eastern Region President Conference Call Participants Alexander Goldfarb - Pip ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO THE SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-07533 (Federal Realty Investment Trust) Commission file number: 333-262016-01 (Federal Realty OP LP) FEDERAL REALTY INV ...

Federal Realty Investment Trust (NYSE:FRT) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Leah Brady - Vice President-Investor Relations Donald Wood - Chief Executive Officer Daniel Guglielmone - Executive Vice President, Chief Financial Officer and Treasurer Wendy Seher - Executive Vice President and Eastern Region President Jan Sweetnam - Chief Investment Officer Conference Call Participants Juan Sanabria - BMO Capital Markets Craig Schmidt - Bank of America Steve Sakwa - Eve ...

THE LONGEST RECORD IN THE REIT INDUSTRY $4.32 2 2022 → 3.6% comparable POI growth over 1Q 2022 Comparable POI 4 $2.59 - $2.79 Growth over 2021 2% - 4% ncludes the expected additional POI to be recognized in 2023 compared to the amount recognized in 2022 from all of the redevelopments listed on pages 16 and 17. Does not include any additional POI G&A expenses Development / redevelopment capital Equity to be issued $4 - $6 million $5 - $6 million $20 - $22 million Dispositions / acquisitions See appendix for ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO THE SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR FEDERAL REALTY INVESTMENT TRUST ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FEDERAL REALTY OP LP (Exact Name of Registrant as Specified in its Charter) Maryland (Federal Realty Investment Trust) 87-3916363 Delaware (Federa ...