NORTH
BETHESDA, Md., Jan. 28,
2025 /PRNewswire/ -- Federal Realty Investment
Trust (NYSE:FRT) released today the Federal income tax treatment
for 2024 distributions to holders of its Common Shares of
Beneficial Interest (NYSE: FRT) and its 5.000% Series C Cumulative
Redeemable Preferred Shares (NYSE: FRT.PRC).
Common Shares (CUSIP # 313745101)
|
Record Date
|
Payable Date
|
Distribution Per
Share
|
Taxable Ordinary
Dividend
|
Qualified Income
Dividend (1)
|
Capital Gains
(4)
|
Unrecap. Sec 1250
(2)
|
Nontaxable
Distributions
|
Section 199A Dividend
(1)
|
Sec 897 Capital Gain
(Box 2f) (3)
|
|
01/02/2024
|
01/16/2024
|
$1.090000
|
$0.893800
|
$0.000000
|
$0.163500
|
$0.063765
|
$0.032700
|
$0.893800
|
$0.160884
|
|
03/13/2024
|
04/15/2024
|
$1.090000
|
$0.893800
|
$0.000000
|
$0.163500
|
$0.063765
|
$0.032700
|
$0.893800
|
$0.160884
|
|
06/21/2024
|
07/15/2024
|
$1.090000
|
$0.893800
|
$0.000000
|
$0.163500
|
$0.063765
|
$0.032700
|
$0.893800
|
$0.160884
|
|
10/01/2024
|
10/15/2024
|
$1.100000
|
$0.902000
|
$0.000000
|
$0.165000
|
$0.064350
|
$0.033000
|
$0.902000
|
$0.162360
|
|
2024 Totals
|
$4.370000
|
$3.583400
|
$0.000000
|
$0.655500
|
$0.255645
|
$0.131100
|
$3.583400
|
$0.645012
|
|
|
|
(1)
|
These amounts are
a subset of, and included in, the 2024 Taxable Ordinary Dividend
amounts.
|
|
(2)
|
These amounts are a
subset of, and included in, the 2024 Capital Gain
amounts.
|
|
(3)
|
The amount of the
quarterly dividends treated as a Disposition of Investment in
United States Real Property, for purposes of Internal Revenue Code
(IRC) Section 897, are reflected in Box 2f. Box 2f is a subset of,
and included in, the 2024 Capital Gain amounts.
|
|
(4)
|
Pursuant to Treasury
Regulation Section 1.1061-6(c), Federal Realty Investment Trust is
disclosing the following information to its shareholders. "One Year
Amounts Disclosure" is 1.6% of the capital gain distributions and
"Three Year Amounts Disclosure" is 1.6% of the capital gain
distributions. Capital gain distributions related to Section 1231
gain are 98.4% of the total capital gain distributions.
|
5.000% Series C Cumulative Redeemable Preferred Shares (CUSIP #
313745200))
|
Record Date
|
Payable Date
|
Distribution Per Share
(1)
|
Taxable Ordinary
Dividend
|
Qualified Income
Dividend (2)
|
Capital Gains
(5)
|
Unrecap. Sec 1250
(3)
|
Nontaxable
Distributions
|
Section 199A Dividend
(2)
|
Sec 897 Capital Gain
(Box 2f) (4)
|
|
01/02/2024
|
01/16/2024
|
$0.31250
|
$0.265625
|
$0.00000
|
$0.046875
|
$0.018281
|
$0.00000
|
$0.265625
|
$0.046125
|
|
04/01/2024
|
04/15/2024
|
$0.31250
|
$0.265625
|
$0.00000
|
$0.046875
|
$0.018281
|
$0.00000
|
$0.265625
|
$0.046125
|
|
07/01/2024
|
07/15/2024
|
$0.31250
|
$0.265625
|
$0.00000
|
$0.046875
|
$0.018281
|
$0.00000
|
$0.265625
|
$0.046125
|
|
10/01/2024
|
10/15/2024
|
$0.31250
|
$0.265625
|
$0.00000
|
$0.046875
|
$0.018281
|
$0.00000
|
$0.265625
|
$0.046125
|
|
2024 Totals
|
$1.25000
|
$1.062500
|
$0.00000
|
$0.187500
|
$0.073124
|
$0.00000
|
$1.062500
|
$0.184500
|
|
|
|
(1)
|
Amount represents
dividends per depositary share, each representing
1/1000th of a share.
|
|
(2)
|
These amounts are a
subset of, and included in, the 2024 Taxable Ordinary Dividend
amounts.
|
|
(3)
|
These amounts are a
subset of, and included in, the 2024 Capital Gain
amounts.
|
|
(4)
|
The amount of the
quarterly dividends treated as a Disposition of Investment in
United States Real Property, for purposes of Internal Revenue Code
(IRC) Section 897, are reflected in Box 2f. Box 2f is a subset of,
and included in, the 2024 Capital Gain amounts.
|
|
(5)
|
Pursuant to Treasury
Regulation Section 1.1061-6(c), Federal Realty Investment Trust is
disclosing the following information to its shareholders. "One Year
Amounts Disclosure" is 1.6% of the capital gain distributions and
"Three Year Amounts Disclosure" is 1.6% of the capital gain
distributions. Capital gain distributions related to Section 1231
gain are 98.4% of the total capital gain distributions.
|
The company did not incur any foreign taxes. Shareholders are
encouraged to consult with their personal tax advisors as to their
specific tax treatment of Federal Realty distributions. Should you
need any additional information, contact Leah Brady, Investor Relations, at
301-998-8265.
About Federal Realty
Federal Realty is a recognized leader in the ownership,
operation and redevelopment of high-quality retail-based properties
located primarily in major coastal markets from Washington, D.C. to Boston as well as Northern and Southern California. Founded in 1962, Federal
Realty's mission is to deliver long-term, sustainable growth
through investing in communities where retail demand exceeds
supply. Its expertise includes creating urban, mixed-use
neighborhoods like Santana Row in
San Jose, California, Pike &
Rose in North Bethesda, Maryland
and Assembly Row in Somerville,
Massachusetts. These unique and vibrant environments that
combine shopping, dining, living and working provide a destination
experience valued by their respective communities. Federal Realty's
102 properties include approximately 3,500 tenants, in 27 million
commercial square feet, and approximately 3,100 residential
units.
Federal Realty has increased its quarterly dividends to its
shareholders for 57 consecutive years, the longest record in the
REIT industry. Federal Realty is an S&P 500 index member and
its shares are traded on the NYSE under the symbol FRT. For
additional information about Federal Realty and its properties,
visit www.federalrealty.com.
Inquiries:
Leah Andress Brady
Vice President, Investor Relations
301.998.8265
lbrady@federalrealty.com
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SOURCE Federal Realty Investment Trust
