Federal Realty Investment Trust Releases Tax Status of 2022 Distributions

Rhea-AI Summary

Federal Realty Investment Trust (NYSE:FRT) announced details regarding the 2022 income tax treatment for distributions to its shareholders. Key figures include a total distribution of $4.29 per common share and $1.25 per Series C Preferred Share. The taxable ordinary dividend for common shares amounted to $3.5178, with capital gains at $0.7722. For Series C shares, the taxable ordinary dividend was $1.0250 with capital gains at $0.2250. The company has a strong track record of increasing dividends for 55 consecutive years, reinforcing its reputation in the REIT sector. Shareholders are advised to consult their tax advisors regarding the treatment of these distributions.

Positive

• Increased dividend distribution of $4.29 per common share and $1.25 per Series C Preferred Share.
• Taxable ordinary dividend of $3.5178 per common share and $1.0250 per Series C share indicating solid returns.
• Capital gains distribution of $0.7722 for common shares and $0.2250 for Series C shares showcases profitability.
• 55 consecutive years of dividend increases, the longest in the REIT sector, enhancing investor confidence.

Negative

• None.

NORTH BETHESDA, Md., Jan. 24, 2023 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) released today the Federal income tax treatment for 2022 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 # 313745101)

Record Date	Payable Date	Distribution Per Share	Taxable Ordinary Dividend	Capital Gains (4)	Unrecap. Sec 1250 (2)	Nontaxable Distributions	Section 199A Dividend (1)	Sec 897 Capital Gain (Box 2f) (3)
01/03/2022	01/18/2022	$1.07000	$0.87740	$0.19260	$0.073188	$0.00000	$0.87740	$0.19260
03/16/2022	04/15/2022	$1.07000	$0.87740	$0.19260	$0.073188	$0.00000	$0.87740	$0.19260
06/22/2022	07/15/2022	$1.07000	$0.87740	$0.19260	$0.073188	$0.00000	$0.87740	$0.19260
09/22/2022	10/17/2022	$1.08000	$0.88560	$0.19440	$0.073872	$0.00000	$0.88560	$0.19440
	2022 Totals	$4.29000	$3.51780	$0.77220	$0.293436	$0.00000	$3.51780	$0.77220

(1)	These amounts are a subset of, and included in, the 2022 Taxable Ordinary Dividend amounts.
(2)	These amounts are a subset of, and included in, the 2022 Capital Gain amounts.
(3)	The amount of the quarterly dividends treated as a Disposition of Investment in United States Real Property, for purposes of Internal Revenue Code (IRC) Section 897, are reflected in Box 2f.  Box 2f is a subset of, and included in, the 2022 Capital Gain amounts.
(4)	Pursuant to Treasury Regulation Section 1.1061-6(c), Federal Realty Investment Trust is disclosing the following information to its shareholders.  "One Year Amounts Disclosure" is zero percent of the capital gain distributions allocated to each shareholder and "Three Year Amounts Disclosure" is zero percent of the capital gain distributions allocated to each shareholder.  All capital gain distributions reported are related to Section 1231 gain.

5.000% Series C Cumulative Redeemable Preferred Shares (CUSIP # 313745200))

Record Date	Payable Date	Distribution Per Share (1)	Taxable Ordinary Dividend	Capital Gains (5)	Unrecap. Sec 1250 (3)	Nontaxable Distributions	Section 199A Dividend (2)	Sec 897 Capital Gain (Box 2f) (4)
01/03/2022	01/15/2022	$0.31250	$0.25625	$0.05625	$0.021375	$0.00000	$0.25625	$0.05625
04/01/2022	04/15/2022	$0.31250	$0.25625	$0.05625	$0.021375	$0.00000	$0.25625	$0.05625
07/01/2022	07/15/2022	$0.31250	$0.25625	$0.05625	$0.021375	$0.00000	$0.25625	$0.05625
10/03/2022	10/15/2022	$0.31250	$0.25625	$0.05625	$0.021375	$0.00000	$0.25625	$0.05625
	2022 Totals	$1.25000	$1.02500	$0.22500	$0.085500	$0.00000	$1.02500	$0.22500

(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 2022 Taxable Ordinary Dividend amounts.
(3)	These amounts are a subset of, and included in, the 2022 Capital Gain amounts.
(4)	The amount of the quarterly dividends treated as a Disposition of Investment in United States Real Property, for purposes of Internal Revenue Code (IRC) Section 897, are reflected in Box 2f.  Box 2f is a subset of, and included in, the 2022 Capital Gain amounts.
(5)	Pursuant to Treasury Regulation Section 1.1061-6(c), Federal Realty Investment Trust is disclosing the following information to its shareholders.  "One Year Amounts Disclosure" is zero percent of the capital gain distributions allocated to each shareholder and "Three Year Amounts Disclosure" is zero percent of the capital gain distributions allocated to each shareholder.  All capital gain distributions reported are related to Section 1231 gain.

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 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 104 properties include approximately 3,200 tenants, in 26 million square feet, and approximately 3,300 residential units. 

Federal Realty has increased its quarterly dividends to its shareholders for 55 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
Vice President, Investor Relations
301.998.8265
lbrady@federalrealty.com

 

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SOURCE Federal Realty Investment Trust

FAQ

What are the distribution figures for Federal Realty Investment Trust for 2022?

The total distribution for 2022 was $4.29 per common share and $1.25 per Series C Preferred Share.

How much was the taxable ordinary dividend for FRT shares in 2022?

The taxable ordinary dividend for common shares was $3.5178.

What was the capital gains distribution for FRT in 2022?

The capital gains distribution for common shares was $0.7722.

How many years has Federal Realty increased its dividends?

Federal Realty has increased its dividends for 55 consecutive years.

Why should shareholders consult their tax advisors regarding FRT distributions?

Shareholders are encouraged to consult their tax advisors for specific tax treatment of Federal Realty distributions.