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FEDERAL REALTY INVESTMENT TRUST ANNOUNCES 26TH CONSECUTIVE ANNUAL DIVIDEND INCREASE

 BETHESDA, Md., Sept. 14 /PRNewswire/ -- The board of trustees of Federal Realty Investment Trust (NYSE: FRT) announced today that it has increased its regular quarterly cash dividend to 39 cents per share (a new indicated annual rate of $1.56) from the former quarterly rate of $0.385 per share. The increased dividend will be payable Oct. 15, 1993, to shareholders of record Sept. 24, 1993. This marks the 26th consecutive year in which Federal Realty has increased its dividend rate.
 Steven J. Guttman, president and chief executive officer stated: "Our ability to increase the dividend for the 26th consecutive year reflects the continued growth of our base portfolio and the positive contributions from our recent acquisitions."
 Federal Realty currently owns 45 neighborhood and community shopping centers located primarily in the mid-Atlantic 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, redevelopment and re-merchandising programs.
 -0- 9/14/93
 /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

DC-MH -- DC019 -- 1782 09/14/93 13:07 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
Words:199
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