Filed Pursuant to Rule 433
Dated August 10, 2009
Registration Statement No. 333-160009
Relating to
Preliminary Prospectus Supplement Dated August 10, 2009 to
Prospectus dated June 16, 2009
Federal Realty Investment Trust
5.95% Notes due 2014
Term sheet dated August 10, 2009
| Issuer: |
Federal Realty Investment Trust | ||||
| Security: |
5.95% notes due August 15, 2014 | ||||
| Size: |
$150,000,000 | ||||
| Maturity Date: |
August 15, 2014 | ||||
| Interest Payment Dates: |
February 15 and August 15, beginning February 15, 2010 | ||||
| Benchmark Treasury: |
2.625% UST due July 31, 2014 | ||||
| Benchmark Treasury Yield and Price: |
2.774%; 99-10 | ||||
| Yield to Maturity: |
6.149% | ||||
| Spread to Benchmark Treasury: |
337.5 basis points | ||||
| Coupon (Interest Rate): |
5.95% per year | ||||
| Price to Public: |
99.153% of principal amount, plus accrued interest, if any, from the Settlement Date | ||||
| Trade Date: |
August 10, 2009 | ||||
| Settlement Date: |
T+3; August 13, 2009 | ||||
| Aggregate Price to Public: |
$148,729,500 | ||||
| Redemption Provision: |
Make-whole call at any time based on U.S. Treasury plus 50 basis points (0.50%) | ||||
| CUSIP/ISIN: |
313747AQ0/US313747AQ05 | ||||
| Joint Book-Running Managers: |
J.P. Morgan Securities Inc. | $ | 52,500,000 | ||
| Wells Fargo Securities, LLC | $ | 52,500,000 | |||
| Co-Managers: |
Citigroup Global Markets Inc. | $ | 11,250,000 | ||
| PNC Capital Markets LLC | $ | 11,250,000 | |||
| Morgan Keegan & Company, Inc. | $ | 7,500,000 | |||
| SunTrust Robinson Humphrey, Inc. | $ | 7,500,000 | |||
| Capital One Southcoast, Inc. | $ | 4,500,000 | |||
| U.S. Bancorp Investments, Inc. | $ | 3,000,000 | |||
The issuer has filed a registration statement (including a preliminary prospectus supplement and a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement and the prospectus if you request it by calling J.P. Morgan Securities Inc. collect at 1-212-834-4533 or Wells Fargo Securities, LLC toll-free at 1-800-326-5897.
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