Federal Realty Announces Pricing of $400 Million of Exchangeable Senior Notes

Federal Realty Announces Pricing of $400 Million of Exchangeable Senior Notes

NORTH BETHESDA, Md., Aug. 7, 2026 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) ("Federal Realty") announced today that on August 6, 2026, its operating partnership, Federal Realty OP LP (the "Partnership"), priced the previously announced offering (the "Offering") of $400 million aggregate principal amount of 3.500% exchangeable senior notes due 2031 (the "notes") in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Partnership also granted the initial purchasers of the notes an option to purchase, during a 13-day period beginning on, and including, the first date on which the notes are issued, up to an additional $60 million aggregate principal amount of notes. The Offering is expected to close on August 11, 2026, subject to customary closing conditions.