Federal Realty Investment Trust (FRT) Proxy filing summary

Executive summary

• Achieved record revenue, net income, and funds from operations (FFO) in 2025, with NAREIT FFO per diluted share rising 6.6% to $7.22 over 2024, driven by strong leasing and acquisitions.

• Signed over 2.3 million square feet in new and renewal leases, and invested over $750 million in new property acquisitions.

• Increased dividend for the 58th consecutive year, maintaining a 6.5% compound annual growth rate.

• Achieved a 35% reduction in Scope 1 and 2 GHG emissions from 2019 through 2024, progressing toward a 2030 science-based target.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) election of 8 trustees for one-year terms, (2) non-binding advisory vote on 2025 executive compensation, and (3) ratification of Grant Thornton LLP as independent auditor.

• Board recommends voting FOR all proposals.

• Proxy access allows shareholders (or groups up to 20) with 3% ownership for 3 years to nominate up to 20% of the board.

Board of directors and corporate governance

• Board consists of 8 trustees (7 independent, 1 CEO), with an independent non-executive chairman.

• Board diversity: 38% female, 25% ethnic minority, average independent trustee age 62.6 years, average tenure 9.7 years.

• All trustees attended 100% of meetings; three standing committees (Audit, Compensation, Nominating) are fully independent.

• Annual board and committee evaluations and succession planning are in place.