Document

1626 East Jefferson Street,

Rockville,

(Address of principal executive offices)

(Zip Code)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) March 25, 2020

Federal Realty Investment Trust

(Exact name of registrant as specified in its charter)



Maryland	1-07533	52-0782497
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Registrant's telephone number including area code: 301/998-8100



Title of Each Class	Trading Symbol	Name of Each Exchange On Which Registered
Common Shares of Beneficial Interest	FRT	New York Stock Exchange
$.01 par value per share, with associated Common Share Purchase Rights

Depositary Shares, each representing 1/1000 of a share	FRT-C	New York Stock Exchange
of 5.00% Series C Cumulative Redeemable Preferred Stock, $.01 par value per share

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):



☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))



☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



☐	Emerging growth company



☐	If an emerging growth company, indicate by checkmark if the registrant has elected not use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

On March 20, 2020, Federal Realty Investment Trust (“Federal”) borrowed $890 million under the revolving credit facility described in that certain Amended and Restated Credit Agreement dated July 25, 2019 among Federal, Wells Fargo Bank, National Association, as administrative agent, and the other lenders party thereto (the “Credit Agreement”). After giving effect to such borrowing and other borrowings made under the Credit Agreement since January 1, 2020, Federal has now drawn almost the entirety of its $1 billion revolving credit facility under the Credit Agreement. Federal elected to draw on its revolver to further strengthen its financial position and balance sheet, to maximize its financial liquidity and to provide maximum financial flexibility to continue its business initiatives as the effects of the COVID-19 pandemic continue to evolve. The proceeds will be available to be used for working capital and general corporate purposes. For additional information on the terms and conditions of the Credit Agreement, see Federal’s Current Report on Form 8-K dated July 29, 2019, which includes a copy of the Credit Agreement as Exhibit 10.1.

Item 7.01. Regulation FD Disclosure.

Given the complex and rapidly evolving circumstances around the COVID-19 pandemic and the draw-down of its credit facility, Federal is withdrawing its 2020 guidance previously disclosed and is not providing an updated outlook at this time.

The information contained in this Item 7.01 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of, or otherwise regarded as filed under, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



		FEDERAL REALTY INVESTMENT TRUST

Date:	March 25, 2020	/s/ Dawn M. Becker

		Dawn M. Becker
		Executive Vice President-General Counsel and Secretary

EXHIBIT INDEX



Exhibit Number		Description
104		Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document

Cover Page	Mar. 25, 2020
Entity Information [Line Items]
Entity Address, Address Line One	1626 East Jefferson Street,
Entity Address, City or Town	Rockville,
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20852-4041
Entity Emerging Growth Company	false
Pre-commencement Issuer Tender Offer	false
Pre-commencement Tender Offer	false
Soliciting Material	false
Written Communications	false
Entity Incorporation, State or Country Code	MD
Document Type	8-K
Entity Central Index Key	0000034903
Amendment Flag	false
Document Period End Date	Mar. 25, 2020
Entity Registrant Name	Federal Realty Investment Trust
Entity File Number	1-07533
Entity Tax Identification Number	52-0782497
City Area Code	301
Local Phone Number	998-8100
Common Shares Of Beneficial Interest
Entity Information [Line Items]
Title of 12(b) Security	Common Shares of Beneficial Interest
Trading Symbol	FRT
Security Exchange Name	NYSE
Depository Shares
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing 1/1000 of a share
Trading Symbol	FRT-C
Security Exchange Name	NYSE

Cover Page

Mar. 25, 2020

Entity Information [Line Items]

Entity Address, Address Line One

1626 East Jefferson Street,

Entity Address, City or Town

Rockville,

Entity Address, State or Province

Entity Address, Postal Zip Code

20852-4041

Entity Emerging Growth Company

false