Federal Realty Investment Trust Releases Tax Status of 2020 Distributions

Rhea-AI Summary

Federal Realty Investment Trust (NYSE: FRT) announced the tax treatment for 2020 distributions to holders of its Common Shares and 5.000% Series C Cumulative Redeemable Preferred Shares. Key highlights include:

• Common Shares had a total distribution of $4.21 per share.
• Taxable ordinary dividends for common shares amounted to $3.45220.
• Preferred shares had total distributions of $1.25 per share with the same amount as taxable ordinary dividends.

Shareholders are advised to consult tax advisors for specific treatment.

Positive

• Common Shares distribution totaled $4.21 per share.
• Taxable ordinary dividends for Common Shares reached $3.45220.
• Preferred Shares maintained a stable dividend distribution of $1.25 per share.

Negative

• None.

ROCKVILLE, Md., Jan. 27, 2021 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) released today the Federal income tax treatment for 2020 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 # 313747206)

Record Date	Payable Date	Distribution Per Share	Taxable Ordinary Dividend	Qualified Dividend (1)	Capital Gains	Nontaxable Distributions	Section 199A Dividend (1)
01/02/2020	01/15/2020	$1.05000	$0.86100	$0.00000	$0.00000	$0.18900	$0.86100
03/16/2020	04/15/2020	$1.05000	$0.86100	$0.00000	$0.00000	$0.18900	$0.86100
06/22/2020	07/15/2020	$1.05000	$0.86100	$0.00000	$0.00000	$0.18900	$0.86100
09/22/2020	10/15/2020	$1.06000	$0.86920	$0.00000	$0.00000	$0.19080	$0.86920
	2020 Totals	$4.21000	$3.45220	$0.00000	$0.00000	$0.75780	$3.45220

(1)	These amounts are a subset of, and included in, the 2020 Taxable Ordinary Dividend amounts.

5.000% Series C Cumulative Redeemable Preferred Shares (CUSIP # 313747602)

Record Date	Payable Date	Distribution Per Share (1)	Taxable Ordinary Dividend	Qualified Dividend (2)	Capital Gains	Nontaxable Distributions	Section 199A Dividend (2)
01/02/2020	01/15/2020	$0.31250	$0.31250	$0.00000	$0.00000	$0.00000	$0.31250
04/01/2020	04/15/2020	$0.31250	$0.31250	$0.00000	$0.00000	$0.00000	$0.31250
07/01/2020	07/15/2020	$0.31250	$0.31250	$0.00000	$0.00000	$0.00000	$0.31250
10/01/2020	10/15/2020	$0.31250	$0.31250	$0.00000	$0.00000	$0.00000	$0.31250
	2020 Totals	$1.25000	$1.25000	$0.00000	$0.00000	$0.00000	$1.25000

(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 2020 Taxable Ordinary Dividend amounts.

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 San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in densely populated, affluent 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 101 properties include approximately 2,800 tenants, in 23 million square feet, and approximately 2,800 residential units. 

Federal Realty has increased its quarterly dividends to its shareholders for 53 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 Investor Relations Senior Manager 301.998.8265 lbrady@federalrealty.com

 

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SOURCE Federal Realty Investment Trust

FAQ

What is the tax treatment of Federal Realty Investment Trust's 2020 distributions?

Federal Realty reported a total distribution of $4.21 per Common Share and $1.25 for Preferred Shares, with taxable ordinary dividends being $3.45220 for Common Shares.

What are the key figures for Common Shares distributions from Federal Realty in 2020?

In 2020, Common Shares had a total distribution of $4.21 and taxable ordinary dividends of $3.45220.

What are the total distributions for Federal Realty's Preferred Shares in 2020?

The total distribution for Federal Realty's 5.000% Series C Cumulative Redeemable Preferred Shares in 2020 was $1.25 per share.

How should shareholders interpret the distributions from Federal Realty for tax purposes?

Shareholders are encouraged to consult their tax advisors for guidance on the specific tax treatment of distributions.