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Federal Realty Investment Trust Declares Quarterly Dividend

ROCKVILLE, Md., Nov. 21 /PRNewswire/ -- The Trustees of Federal Realty Investment Trust (NYSE: FRT) declared today a regular quarterly cash dividend of $.42 per share (indicated annual rate of $1.68). The dividend will be payable January 15, 1997 to shareholders of record on January 2, 1997. This will mark the 137th quarterly dividend paid by the Trust.

Federal Realty is an equity real estate investment trust specializing in the ownership, management, development and redevelopment of prime retail properties. The Trust's real estate portfolio contains 76 retail properties, principally shopping centers, located in the Northeast and Mid-Atlantic corridor as well as the Chicago metropolitan area.

SOURCE Federal Realty Investment Trust
 -0- 11/21/96

/CONTACT: Kathy Klein, Vice President Corporate Communications of Federal Realty Investment Trust, 301-998-8211/


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

JA -- DCTH028 -- 5398 11/21/96 12:43 EST
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Publication:PR Newswire
Date:Nov 21, 1996
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