NORTH BETHESDA, Md.,
Jan. 26, 2022 /PRNewswire/
-- Federal Realty Investment Trust (NYSE:FRT) released
today the Federal income tax treatment for 2021 distributions to
holders of its Common Shares of Beneficial Interest (NYSE: FRT) and
its 5.000% Series C Cumulative Redeemable Preferred Shares (NYSE:
FRT.PRC).
Common Shares (CUSIP # 313747206)(1)
Record
Date
|
Payable
Date
|
Distribution
Per Share
|
Taxable
Ordinary
Dividend
|
Capital
Gains (5)
|
Unrecap Sec
1250 (3)
|
Nontaxable
Distributions
|
Section 199A
Dividend (2)
|
Sec 897 Inc
Dividends
(Box 2e) (4)
|
Sec 897
Capital Gain
(Box 2f) (4)
|
01/04/2021
|
01/15/2021
|
$1.06000
|
$0.837400
|
$0.169600
|
$0.115328
|
$0.053000
|
$0.837400
|
$0.108862
|
$0.169600
|
03/16/2021
|
04/15/2021
|
$1.06000
|
$0.837400
|
$0.169600
|
$0.115328
|
$0.053000
|
$0.837400
|
$0.108862
|
$0.169600
|
06/22/2021
|
07/15/2021
|
$1.06000
|
$0.837400
|
$0.169600
|
$0.115328
|
$0.053000
|
$0.837400
|
$0.108862
|
$0.169600
|
09/22/2021
|
10/15/2021
|
$1.07000
|
$0.845300
|
$0.171200
|
$0.116416
|
$0.053500
|
$0.845300
|
$0.109889
|
$0.171200
|
|
2021
Totals
|
$4.25000
|
$3.357500
|
$0.680000
|
$0.462400
|
$0.212500
|
$3.357500
|
$0.436475
|
$0.680000
|
|
|
(1)
|
Effective as of
January 1, 2022, the CUSIP changed to 313745101.
|
|
|
(2)
|
These amounts are a
subset of, and included in, the 2021 Taxable Ordinary Dividend
amounts.
|
|
|
(3)
|
These amounts are a
subset of, and included in, the 2021 Capital Gain
amounts.
|
|
|
(4)
|
The amount of the
quarterly dividends treated as a Disposition of Investment in
United States Real Property, for purposes of Internal Revenue Code
(IRC) Section 897, are reflected in Boxes 2e and 2f. Box 2e
is a subset of, and included in, the 2021 Taxable Ordinary Dividend
amounts. Box 2f is a subset of, and included in, the 2021
Capital Gain amounts.
|
|
|
(5)
|
The total dividend
classified as Capital Gain is Section 1231 gain for purposes of
Internal Revenue Code (IRC) Section 1061. Section 1061 is
generally applicable to direct and indirect holders of "applicable
partnership interests."
|
5.000% Series C Cumulative Redeemable Preferred Shares (CUSIP #
313747602)(1)
Record
Date
|
Payable
Date
|
Distribution
Per Share (2)
|
Taxable
Ordinary
Dividend
|
Capital
Gains (6)
|
Unrecap Sec
1250 (4)
|
Section 199A
Dividend (3)
|
Sec 897 Inc
Dividends
(Box 2e) (5)
|
Sec 897
Capital Gain
(Box 2f) (5)
|
01/03/2021
|
01/15/2021
|
$0.31250
|
$0.259375
|
$0.053125
|
$0.036125
|
$0.259375
|
$0.033719
|
$0.053125
|
04/01/2021
|
04/15/2021
|
$0.31250
|
$0.259375
|
$0.053125
|
$0.036125
|
$0.259375
|
$0.033719
|
$0.053125
|
07/01/2021
|
04/15/2021
|
$0.31250
|
$0.259375
|
$0.053125
|
$0.036125
|
$0.259375
|
$0.033719
|
$0.053125
|
10/03/2021
|
10/15/2021
|
$0.31250
|
$0.259375
|
$0.053125
|
$0.036125
|
$0.259375
|
$0.033719
|
$0.053125
|
|
2021
Totals
|
$1.25000
|
$1.037500
|
$0.212500
|
$0.144500
|
$1.037500
|
$0.134876
|
$0.212500
|
|
|
(1)
|
Effective as of
January 1, 2022, the CUSIP changed to 313745200.
|
|
|
(2)
|
Amount represents
dividends per depositary share, each representing 1/1000th of a
share.
|
|
|
(3)
|
These amounts are a
subset of, and included in, the 2021 Taxable Ordinary Dividend
amounts.
|
|
|
(4)
|
These amounts are a
subset of, and included in, the 2021 Capital Gain
amounts.
|
|
|
(5)
|
The amount of the
quarterly dividends treated as a Disposition of Investment in
United States Real Property, for purposes of Internal Revenue Code
(IRC) Section 897, are reflected in Boxes 2e and 2f. Box 2e
is a subset of, and included in, the 2021 Taxable Ordinary Dividend
amounts. Box 2f is a subset of, and included in, the 2021
Capital Gain amounts.
|
|
|
(6)
|
The total dividend
classified as Capital Gain is Section 1231 gain for purposes of
Internal Revenue Code (IRC) Section 1061. Section 1061 is
generally applicable to direct and indirect holders of "applicable
partnership interests."
|
The company did not incur any foreign taxes. Shareholders
are encouraged to consult with their personal tax advisors as to
their specific tax treatment of Federal Realty distributions.
Should you need any additional information, contact Leah Brady, Investor Relations, at
301-998-8265.
About Federal Realty
Federal Realty is a recognized leader in the ownership,
operation and redevelopment of high-quality retail-based properties
located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's
mission is to deliver long-term, sustainable growth through
investing in communities where retail demand exceeds supply. Its
expertise includes creating urban, mixed-use neighborhoods like
Santana Row in San Jose, California, Pike & Rose in
North Bethesda, Maryland and
Assembly Row in Somerville,
Massachusetts. These unique and vibrant environments that
combine shopping, dining, living and working provide a destination
experience valued by their respective communities. Federal Realty's
106 properties include approximately 3,100 tenants, in 25 million
square feet, and approximately 3,200 residential units.
Federal Realty has increased its quarterly dividends to its
shareholders for 54 consecutive years, the longest record in the
REIT industry. Federal Realty is an S&P 500 index member and
its shares are traded on the NYSE under the symbol FRT. For
additional information about Federal Realty and its properties,
visit www.federalrealty.com.
Inquiries:
Leah Andress Brady
Director, Investor Relations
301.998.8265
lbrady@federalrealty.com
|
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SOURCE Federal Realty Investment Trust