NORTH
BETHESDA, Md., Jan. 23,
2024 /PRNewswire/ -- Federal Realty Investment
Trust (NYSE:FRT) released today the Federal income tax treatment
for 2023 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
|
Qualified
Income
Dividend (1)
|
Capital
Gains (4)
|
Unrecap. Sec
1250 (2)
|
Nontaxable
Distributions
|
Section 199A
Dividend (1)
|
Sec 897
Capital Gain
(Box 2f) (3)
|
|
01/03/2023
|
01/17/2023
|
$1.08000
|
$0.88560
|
$0.008856
|
$0.03240
|
$0.010692
|
$0.16200
|
$0.876744
|
$0.03240
|
|
03/13/2023
|
04/17/2023
|
$1.08000
|
$0.88560
|
$0.008856
|
$0.03240
|
$0.010692
|
$0.16200
|
$0.876744
|
$0.03240
|
|
06/22/2023
|
07/17/2023
|
$1.08000
|
$0.88560
|
$0.008856
|
$0.03240
|
$0.010692
|
$0.16200
|
$0.876744
|
$0.03240
|
|
09/22/2023
|
10/16/2023
|
$1.09000
|
$0.89380
|
$0.008938
|
$0.03270
|
$0.010791
|
$0.16350
|
$0.884862
|
$0.03270
|
|
2023 TOTALS
|
$4.33000
|
$3.55060
|
$0.035506
|
$0.12990
|
$0.042867
|
$0.64950
|
$3.515094
|
$0.12990
|
|
(1)
|
These amounts are a
subset of, and included in, the 2023 Taxable Ordinary Dividend
amounts.
|
|
(2)
|
These amounts are a
subset of, and included in, the 2023 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 2023 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
|
Qualified
Income
Dividend (2)
|
Capital
Gains (5)
|
Unrecap. Sec
1250 (3)
|
Nontaxable
Distributions
|
Section 199A
Dividend (2)
|
Sec 897
Capital Gain
(Box 2f) (4)
|
|
01/03/2023
|
01/17/2023
|
$0.31250
|
$0.303125
|
$0.003031
|
$0.009375
|
$0.003094
|
$0.00000
|
$0.300094
|
$0.009375
|
|
04/03/2023
|
04/17/2023
|
$0.31250
|
$0.303125
|
$0.003031
|
$0.009375
|
$0.003094
|
$0.00000
|
$0.300094
|
$0.009375
|
|
07/03/2023
|
07/17/2023
|
$0.31250
|
$0.303125
|
$0.003031
|
$0.009375
|
$0.003094
|
$0.00000
|
$0.300094
|
$0.009375
|
|
10/02/2023
|
10/16/2023
|
$0.31250
|
$0.303125
|
$0.003031
|
$0.009375
|
$0.003094
|
$0.00000
|
$0.300094
|
$0.009375
|
|
2023 TOTALS
|
$1.25000
|
$1.212500
|
$0.012124
|
$0.037500
|
$0.012375
|
$0.00000
|
$1.200376
|
$0.037500
|
|
(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 2023 Taxable Ordinary Dividend
amounts.
|
|
(3)
|
These amounts are a
subset of, and included in, the 2023 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 2023 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
102 properties include approximately 3,300 tenants, in 26 million
square feet, and approximately 3,100 residential units.
Federal Realty has increased its quarterly dividends to its
shareholders for 56 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