2005 Post 200

Federal Realty Investment Trust

1626 E. Jefferson St.

Rockville, Md. 20852

www.federalrealty.com

Year founded: 1962

Industry: Real estate

Post 200 Category: Top 125 Companies

Revenue: $394.27 Million

Net Income/Loss: $84.16 Million

Earnings per share: $1.41

Dividend: $1.99

Stockholder equity: $790.53 Million

Auditor: Grant Thornton LLP

Stock: FRT

Assets: $2.27 Billion

Market capitalization: $2.61 Billion

52-week high: 52.95 12/23/2004

52-week low: 33.51 5/10/2004

President and CEO: Donald C. Wood

CFO: Larry E. Finger

Employees: 425

Local employees: 250

Description: Federal Realty Investment Trust builds, owns and manages retail properties in the Washington area and nationwide. Its 16.8 million-square-foot portfolio includes suburban strip shopping centers and mixed-use properties with an urban feel.

Developments: Over the past few years, the company developed a huge project of housing, restaurants and shops called Santana Row in San Jose that is twice the size of its Pentagon Row. With that done, executives said the company is backing away from projects like Santana Row because they are complex and take a long time to develop. Instead, it is focusing on managing the mostly grocery-anchored shopping centers it owns. Federal Realty said it will spend $200 million over the next two to three years to remodel the centers it owns in Alexandria and Leesburg. One of its biggest redevelopment projects is at Rockville Town Center, where there will be 660 housing units, 180,000 square feet of retail space, a library and a cultural arts building. It also has plans to add more development to its Bethesda Row project in downtown Bethesda. The company also signed a lease for the Harris Teeter grocery chain to go into its Shirlington shopping center. The North Carolina-based chain is in three other Federal Realty-owned shopping centers. Last year, Federal Realty said it had record leasing levels, as tenants signed or renewed leases for 1.8 million square feet of space 100,000 square feet more than in the previous year.

Executive Compensation
President and CEO: Donald C. Wood
Total Cash: $1,050,000.00
Total Compensation: $3,464,006.00

© 2005 The Washington Post Company