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FEDERAL REALTY INVESTMENT TRUST ANNOUNCES 123rd CONSECUTIVE DIVIDEND

 BETHESDA, Md., June 2 /PRNewswire/ -- The trustees of Federal Realty Investment Trust (NYSE: FRT) declared today a regular quarterly cash dividend of $.385 per share (indicated annual rate of $1.54). The dividend will be payable July 15, 1993, to shareholders of record June 25, 1993. This will mark the 123rd consecutive quarterly dividend paid by the Trust.
 Federal Realty currently owns 44 neighborhood and community shopping centers located principally along the east coast in the region between the New York metropolitan area and Richmond, Va. The Trust specializes in the acquisition of older, well-located centers which can be enhanced through renovation, expansion, reconfiguration, releasing and re-merchandising programs.
 -0- 6/2/93
 /CONTACT: Kathy Klein, director, corporate communications, Federal Realty Investment Trust, 301-652-3360/
 (FRT)


CO: Federal Realty Investment Trust ST: Maryland IN: FIN SU: DIV

TW -- DC028 -- 4522 06/02/93 14:01 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
Words:144
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