Federal Realty Investment Trust (FRT) M&A Presentation summary

Acquisition overview

• Acquired two premier open-air retail centers in Leawood, KS, totaling over 550,000 SF and featuring top-performing national brands.

• Centers attract nearly 8 million annual visits and rank among the top retail destinations in Kansas City.

• In-place rents are estimated to be below market, offering long-term value creation potential.

• Centers serve as a proven entry point for retailers new to Kansas City, including Aritzia, Yeti, Tecovas, and Arhaus.

• Located in a thriving commercial hub with major corporate headquarters and upcoming FiServ fintech hub bringing 2,000 jobs.

Property and tenant highlights

• Town Center Plaza: 385,000 SF, 44 acres, 92% leased, $192M price, 5M annual visits, 61 min average dwell time.

• Town Center Crossing: 165,000 SF, 15 acres, 94% leased, $97M price, 2.9M annual visits, 40 min average dwell time.

• Highly productive tenant mix includes national brands such as Williams Sonoma, Sephora, Trader Joe's, Yeti, and lululemon.

• Regional trade area covers 150 square miles and 600,000 consumers.

Demographics and market positioning

• 3-mile radius features average household incomes of $160,000–$163,000 and 69–70% college-educated residents.

• Median home price in the 66211 zip code is $1.8M, with average net worth 80% above the US average.

• Daytime population within 3 miles is 130,000–135,000.

• Area recognized for high quality of life, low crime, and top-rated public schools.