Federal Realty Investment Trust Announces Tax Treatment for 2024 Distributions to Shareholders
The Federal Realty Investment Trust (NYSE: FRT) has recently unveiled important insights concerning the federal income tax treatment of its distributions for the year 2024. This announcement highlights the various components of distributions that shareholders can expect and emphasizes the tax implications associated with each. For 2024, Federal Realty has set its distribution dates and amounts clearly defined for holders of its Common Shares of Beneficial Interest (CUSIP #313745101) and the 5.000% Series C Cumulative Redeemable Preferred Shares (CUSIP #313745200). The table below illustrates the details of distribution amounts per share, alongside their respective classifications: ### Common Shares (CUSIP # 313745101) - Distribution Summary | Record Date | Payable Date | Distribution Per Share | Taxable Ordinary Dividend | Qualified Income Dividend | Capital Gains | Unrecap. Sec 1250 | Nontaxable Distributions | Section 199A Dividend | Sec 897 Capital Gain (Box 2f) | |--|---|-----|-----|------|---|----|-----|-----|---------| | 01/02/2024 | 01/16/2024 | $1.090000 | $0.893800 | $0.000000 | $0.163500 | $0.063765 | $0.032700 | $0.893800 | $0.160884 | | 03/13/2024 | 04/15/2024 | $1.090000 | $0.893800 | $0.000000 | $0.163500 | $0.063765 | $0.032700 | $0.893800 | $0.160884 | | 06/21/2024 | 07/15/2024 | $1.090000 | $0.893800 | $0.000000 | $0.163500 | $0.063765 | $0.032700 | $0.893800 | $0.160884 | | 10/01/2024 | 10/15/2024 | $1.100000 | $0.902000 | $0.000000 | $0.165000 | $0.064350 | $0.033000 | $0.902000 | $0.162360 |
The totals for 2024 indicate a cumulative distribution amount of $4.370000 per share, with various elements breaking down the classification of these funds. Notably, the Taxable Ordinary Dividend totals $3.583400, while capital gains represent $0.655500. Alongside the common shares, Federal Realty has also outlined similar distributions for its Series C Preferred Shares, which have a separate classification of distributions and tax implications. Below is a summary for these shares: ### Series C Cumulative Redeemable Preferred Shares (CUSIP # 313745200) - Distribution Summary | Record Date | Payable Date | Distribution Per Share | Taxable Ordinary Dividend | Qualified Income Dividend | Capital Gains | Unrecap. Sec 1250 | Nontaxable Distributions | Section 199A Dividend | Sec 897 Capital Gain (Box 2f) | |--|---|-----|-----|------|---|----|-----|-----|---------| | 01/02/2024 | 01/16/2024 | $0.31250 | $0.265625 | $0.00000 | $0.046875 | $0.018281 | $0.00000 | $0.265625 | $0.046125 | | 04/01/2024 | 04/15/2024 | $0.31250 | $0.265625 | $0.00000 | $0.046875 | $0.018281 | $0.00000 | $0.265625 | $0.046125 | | 07/01/2024 | 07/15/2024 | $0.31250 | $0.265625 | $0.00000 | $0.046875 | $0.018281 | $0.00000 | $0.265625 | $0.046125 | | 10/01/2024 | 10/15/2024 | $0.31250 | $0.265625 | $0.00000 | $0.046875 | $0.018281 | $0.00000 | $0.265625 | $0.046125 |
For the Series C Preferred Shares, the total distributions amount to $1.25000 per share with similar subdivisions in the taxable ordinary dividends and capital gains. Federal Realty assures shareholders that no foreign taxes were incurred, making this information crucial for recipients to consult their tax advisors regarding specific treatment related to the distributions they receive. ### About Federal Realty Federal Realty is recognized as a leader in the ownership, operation, and redevelopment of premium retail properties situated in key coastal markets ranging from Washington, D.C. to Boston, and including parts of Northern and Southern California. Established in 1962, its goal is to promote sustainable growth by investing in communities where retail demand surpasses supply. This expertise encompasses creating urban, mixed-use spaces such as Santana Row in San Jose, California, and Assembly Row in Somerville, Massachusetts. Currently, Federal Realty manages a portfolio of 102 properties that house approximately 3,500 tenants across 27 million commercial square feet as well as around 3,100 residential units. The corporation also boasts 57 consecutive years of increasing quarterly dividends for its shareholders, a detail that solidifies its standing in the REIT sector. Federal Realty is a member of the S&P 500 index, and its stocks are available for trading on the NYSE under the symbol FRT. For additional details about Federal Realty and its extensive property holdings, visit their website at www.federalrealty.com.
Inquiries regarding this tax treatment announcement or further information can be directed to Leah Brady, Investor Relations at 301-998-8265.
The totals for 2024 indicate a cumulative distribution amount of $4.370000 per share, with various elements breaking down the classification of these funds. Notably, the Taxable Ordinary Dividend totals $3.583400, while capital gains represent $0.655500. Alongside the common shares, Federal Realty has also outlined similar distributions for its Series C Preferred Shares, which have a separate classification of distributions and tax implications. Below is a summary for these shares: ### Series C Cumulative Redeemable Preferred Shares (CUSIP # 313745200) - Distribution Summary | Record Date | Payable Date | Distribution Per Share | Taxable Ordinary Dividend | Qualified Income Dividend | Capital Gains | Unrecap. Sec 1250 | Nontaxable Distributions | Section 199A Dividend | Sec 897 Capital Gain (Box 2f) | |--|---|-----|-----|------|---|----|-----|-----|---------| | 01/02/2024 | 01/16/2024 | $0.31250 | $0.265625 | $0.00000 | $0.046875 | $0.018281 | $0.00000 | $0.265625 | $0.046125 | | 04/01/2024 | 04/15/2024 | $0.31250 | $0.265625 | $0.00000 | $0.046875 | $0.018281 | $0.00000 | $0.265625 | $0.046125 | | 07/01/2024 | 07/15/2024 | $0.31250 | $0.265625 | $0.00000 | $0.046875 | $0.018281 | $0.00000 | $0.265625 | $0.046125 | | 10/01/2024 | 10/15/2024 | $0.31250 | $0.265625 | $0.00000 | $0.046875 | $0.018281 | $0.00000 | $0.265625 | $0.046125 |
For the Series C Preferred Shares, the total distributions amount to $1.25000 per share with similar subdivisions in the taxable ordinary dividends and capital gains. Federal Realty assures shareholders that no foreign taxes were incurred, making this information crucial for recipients to consult their tax advisors regarding specific treatment related to the distributions they receive. ### About Federal Realty Federal Realty is recognized as a leader in the ownership, operation, and redevelopment of premium retail properties situated in key coastal markets ranging from Washington, D.C. to Boston, and including parts of Northern and Southern California. Established in 1962, its goal is to promote sustainable growth by investing in communities where retail demand surpasses supply. This expertise encompasses creating urban, mixed-use spaces such as Santana Row in San Jose, California, and Assembly Row in Somerville, Massachusetts. Currently, Federal Realty manages a portfolio of 102 properties that house approximately 3,500 tenants across 27 million commercial square feet as well as around 3,100 residential units. The corporation also boasts 57 consecutive years of increasing quarterly dividends for its shareholders, a detail that solidifies its standing in the REIT sector. Federal Realty is a member of the S&P 500 index, and its stocks are available for trading on the NYSE under the symbol FRT. For additional details about Federal Realty and its extensive property holdings, visit their website at www.federalrealty.com.
Inquiries regarding this tax treatment announcement or further information can be directed to Leah Brady, Investor Relations at 301-998-8265.
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