FEDERAL REALTY INVESTMENT TRUST SCHEDULE III SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2011 (Dollars in thousands)

COLUMN A		COLUMN B		COLUMN C				COLUMN D		COLUMN E						COLUMN F		COLUMN G	COLUMN H	COLUMN I
Descriptions		Encumbrance		Initial cost to company				Cost Capitalized Subsequent to Acquisition		Gross amount at which carried at close of period						Accumulated Depreciation and Amortization		Date of Construction	Date Acquired	Life on which depreciation in latest income statements is computed
Descriptions		Encumbrance		Land		Building and Improvements		Cost Capitalized Subsequent to Acquisition		Land		Building and Improvements		Total		Accumulated Depreciation and Amortization		Date of Construction	Date Acquired
150 POST STREET (California)	CA	$	—	$	11,685	$	9,181	$	16,992	$	11,685	$	26,173	$	37,858	$	13,762	1908	10/23/1997	35 years
ANDORRA (Pennsylvania)	PA	—		2,432		12,346		9,916		2,432		22,262		24,694		14,411		1953	1/12/1988	35 years
ASSEMBLY SQUARE MARKETPLACE/ASSEMBLY ROW (Massachusetts)	MA	—		75,406		34,196		121,227		75,406		155,423		230,829		13,184		2005-2011	2005-2011	35 years
THE AVENUE AT WHITE MARSH (Maryland)	MD	56,629		20,682		72,432		2,954		20,682		75,386		96,068		13,311		1997	3/8/2007	35 years
BALA CYNWYD (Pennsylvania)	PA	—		3,565		14,466		20,231		3,566		34,696		38,262		12,624		1955	9/22/1993	35 years
BARRACKS ROAD (Virginia)	VA	38,995		4,363		16,459		33,223		4,363		49,682		54,045		31,819		1958	12/31/1985	35 years
BETHESDA ROW (Maryland)	MD	23,995		36,971		35,406		141,873		44,880		169,370		214,250		37,167		1945-2008	12/31/93, 1/20/06, 9/25/08, 9/30/08, & 12/27/10	35 - 50 years
BRICK PLAZA (New Jersey)	NJ	28,757		—		24,715		35,959		3,931		56,743		60,674		37,698		1958	12/28/1989	35 years
BRISTOL (Connecticut)	CT	—		3,856		15,959		8,274		3,856		24,233		28,089		11,626		1959	9/22/1995	35 years
CHELSEA COMMONS (Massachusetts)	MA	7,292		9,417		19,466		1,418		9,396		20,905		30,301		2,978		1962/1969/2008	08/25/06, 1/30/07, & 7/16/08	35 years
COLORADO BLVD (California)	CA	—		5,262		4,071		7,664		5,262		11,735		16,997		7,110		1905/1915/1980	12/31/96 & 8/14/98	35 years
CONGRESSIONAL PLAZA (Maryland)	MD	—		2,793		7,424		63,505		1,020		72,702		73,722		41,991		1965/2003	4/1/1965	35 years
COURTHOUSE CENTER (Maryland)	MD	—		1,750		1,869		920		1,750		2,789		4,539		1,232		1975	12/17/1997	35 years
COURTYARD SHOPS (Florida)	FL	7,078		16,862		21,851		1,394		16,894		23,213		40,107		2,793		1990	9/4/2008	35 years
CROSSROADS (Illinois)	IL	—		4,635		11,611		14,633		4,635		26,244		30,879		10,947		1959	7/19/1993	35 years
CROW CANYON COMMONS (California)	CA	19,951		8,638		54,575		6,581		12,664		57,130		69,794		10,326		Late 1970's/2006	12/29/05 & 02/28/07	35 years
DEDHAM PLAZA (Massachusetts)	MA	—		12,287		12,918		8,095		12,287		21,013		33,300		10,692		1959	12/31/1993	35 years

FEDERAL REALTY INVESTMENT TRUST SCHEDULE III SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2011 (Dollars in thousands)

COLUMN A		COLUMN B	COLUMN C		COLUMN D	COLUMN E			COLUMN F	COLUMN G	COLUMN H	COLUMN I
Descriptions		Encumbrance	Initial cost to company		Cost Capitalized Subsequent to Acquisition	Gross amount at which carried at close of period			Accumulated Depreciation and Amortization	Date of Construction	Date Acquired	Life on which depreciation in latest income statements is computed
Descriptions		Encumbrance	Land	Building and Improvements	Cost Capitalized Subsequent to Acquisition	Land	Building and Improvements	Total	Accumulated Depreciation and Amortization	Date of Construction	Date Acquired
DEL MAR VILLAGE (Florida)	FL	—	14,218	39,559	1,443	14,180	41,040	55,220	4,984	1982/1984	5/30/08 & 7/11/08	35 years
EASTGATE (North Carolina)	NC	—	1,608	5,775	19,134	1,608	24,909	26,517	14,555	1963	12/18/1986	35 years
ELLISBURG CIRCLE (New Jersey)	NJ	—	4,028	11,309	14,691	4,013	26,015	30,028	15,921	1959	10/16/1992	35 years
ESCONDIDO PROMENADE (California)	CA	—	19,117	15,829	9,525	19,117	25,354	44,471	8,034	1987	12/31/96 & 11/10/10	35 years
FALLS PLAZA (Virginia)	VA	—	1,798	1,270	9,370	1,819	10,619	12,438	6,711	1960/1962	09/30/67 & 10/05/72	25 years
FEDERAL PLAZA (Maryland)	MD	—	10,216	17,895	35,067	10,216	52,962	63,178	32,216	1970	6/29/1989	35 years
FIFTH AVENUE (California)	CA	—	2,149	584	3,323	2,149	3,907	6,056	1,958	1888-1995	1996	35 years
FINLEY SQUARE (Illinois)	IL	—	9,252	9,544	13,680	9,252	23,224	32,476	13,958	1974	4/27/1995	35 years
FLOURTOWN (Pennsylvania)	PA	—	1,345	3,943	10,641	1,470	14,459	15,929	7,439	1957	4/25/1980	35 years
FOREST HILLS (New York)	NY	—	2,885	2,885	2,441	3,031	5,180	8,211	2,325	1937 - 1987	12/16/1997	35 years
FRESH MEADOWS (New York)	NY	—	24,625	25,255	25,655	24,629	50,906	75,535	22,950	1946-1949	12/5/1997	35 years
FRIENDSHIP CTR (District of Columbia)	DC	—	12,696	20,803	1,811	12,696	22,614	35,310	6,298	1998	9/21/2001	35 years
GAITHERSBURG SQUARE (Maryland)	MD	—	7,701	5,271	12,174	5,973	19,173	25,146	13,487	1966	4/22/1993	35 years
GARDEN MARKET (Illinois)	IL	—	2,677	4,829	4,786	2,677	9,615	12,292	5,113	1958	7/28/1994	35 years
GOVERNOR PLAZA (Maryland)	MD	—	2,068	4,905	19,065	2,068	23,970	26,038	13,546	1963	10/1/1985	35 years
GRATIOT PLAZA (Michigan)	MI	—	525	1,601	16,876	525	18,477	19,002	12,772	1964	3/29/1973	25 3/4 years
GREENWICH AVENUE (Connecticut)	CT	—	7,484	5,445	1,040	7,484	6,485	13,969	3,007	1900-1993	1995	35 years
HAUPPAUGE (New York)	NY	14,700	8,791	15,262	3,942	8,791	19,204	27,995	7,704	1963	8/6/1998	35 years
HERMOSA AVE. (California)	CA	—	1,116	280	4,082	1,368	4,110	5,478	1,875	1922	9/17/1997	35 years
HOLLYWOOD BLVD. (California)	CA	—	8,300	16,920	14,042	8,300	30,962	39,262	7,087	1929/1991	3/22/99 & 6/18/99	35 years
HOUSTON STREET (Texas)	TX	—	14,680	1,976	48,751	14,778	50,629	65,407	22,647	var	1998	35 years
HUNTINGTON (New York)	NY	—	—	16,008	22,814	11,713	27,109	38,822	8,905	1962	12/12/88 & 10/26/07	35 years

FEDERAL REALTY INVESTMENT TRUST SCHEDULE III SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2011 (Dollars in thousands)

COLUMN A		COLUMN B	COLUMN C		COLUMN D		COLUMN E			COLUMN F	COLUMN G	COLUMN H	COLUMN I
Descriptions		Encumbrance	Initial cost to company		Cost Capitalized Subsequent to Acquisition		Gross amount at which carried at close of period			Accumulated Depreciation and Amortization	Date of Construction	Date Acquired	Life on which depreciation in latest income statements is computed
Descriptions		Encumbrance	Land	Building and Improvements	Cost Capitalized Subsequent to Acquisition		Land	Building and Improvements	Total	Accumulated Depreciation and Amortization	Date of Construction	Date Acquired
HUNTINGTON SQUARE (New York)	NY	—	—	10,075	363		—	10,438	10,438	481	1980/2004-2007	8/16/2010	35 years
IDYLWOOD PLAZA (Virginia)	VA	16,276	4,308	10,026	2,049		4,308	12,075	16,383	6,049	1991	4/15/1994	35 years
KINGS COURT (California)	CA	—	—	10,714	888		—	11,602	11,602	6,187	1960	8/24/1998	26 years
LANCASTER (Pennsylvania)	PA	4,907	—	2,103	10,725		75	12,753	12,828	6,360	1958	4/24/1980	22 years
LANGHORNE SQUARE (Pennsylvania)	PA	—	720	2,974	16,572		720	19,546	20,266	11,214	1966	1/31/1985	35 years
LAUREL (Maryland)	MD	—	7,458	22,525	19,055		7,576	41,462	49,038	29,700	1956	8/15/1986	35 years
LAWRENCE PARK (Pennsylvania)	PA	27,640	5,723	7,160	17,836		5,734	24,985	30,719	21,379	1972	7/23/1980	22 years
LEESBURG PLAZA (Virginia)	VA	28,320	8,184	10,722	16,086		8,184	26,808	34,992	8,981	1967	9/15/1998	35 years
LINDEN SQUARE (Massachusetts)	MA	—	79,382	19,247	47,895		79,269	67,255	146,524	8,188	1960-2008	8/24/2006	35 years
LOEHMANN'S PLAZA (Virginia)	VA	36,621	1,237	15,096	16,655		1,248	31,740	32,988	21,594	1971	7/21/1983	35 years
MELVILLE MALL (New York)	NY	22,115	35,622	32,882	467		35,622	33,349	68,971	4,972	1974	10/16/2006	35 years
MERCER MALL (New Jersey)	NJ	47,270	4,488	70,076	34,007		5,032	103,539	108,571	28,937	1975	10/14/2003	25 - 35 years
MID PIKE PLAZA (Maryland)	MD	—	—	10,335	43,036		7,517	45,854	53,371	9,918	1963	05/18/82 & 10/26/07	50 years
MONTROSE CROSSING (Maryland)	MD	80,000	35,746	105,010	—		35,746	105,010	140,756	38	1960-1979, 1996 & 2011	12/27/2011	35 years
MOUNT VERNON/SOUTH VALLEY/7770 RICHMOND HWY. (Virginia)	VA	10,554	10,068	33,501	35,033		10,204	68,398	78,602	18,116	1972/1966/1974	03/31/03, 3/21/03, & 1/27/06	35 years
TOWN CENTER OF NEW BRITAIN (Pennsylvania)	PA	—	1,282	12,285	890		1,262	13,195	14,457	2,392	1969	6/29/2006	35 years
NORTH DARTMOUTH (Massachusetts)	MA	—	27,214	—	(17,846	)	9,366	2	9,368	1	2004	8/24/2006	—
NORTHEAST (Pennsylvania)	PA	—	1,152	10,596	11,764		1,153	22,359	23,512	16,130	1959	8/30/1983	35 years
NORTH LAKE COMMONS (Illinois)	IL	—	2,782	8,604	2,770		2,628	11,528	14,156	5,817	1989	4/27/1994	35 years

FEDERAL REALTY INVESTMENT TRUST SCHEDULE III SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2011 (Dollars in thousands)

COLUMN A		COLUMN B	COLUMN C		COLUMN D	COLUMN E			COLUMN F	COLUMN G	COLUMN H	COLUMN I
Descriptions		Encumbrance	Initial cost to company		Cost Capitalized Subsequent to Acquisition	Gross amount at which carried at close of period			Accumulated Depreciation and Amortization	Date of Construction	Date Acquired	Life on which depreciation in latest income statements is computed
Descriptions		Encumbrance	Land	Building and Improvements	Cost Capitalized Subsequent to Acquisition	Land	Building and Improvements	Total	Accumulated Depreciation and Amortization	Date of Construction	Date Acquired
OLD KEENE MILL (Virginia)	VA	—	638	998	4,660	638	5,658	6,296	4,637	1968	6/15/1976	33 1/3 years
OLD TOWN CENTER (California)	CA	—	3,420	2,765	28,263	3,420	31,028	34,448	15,821	1962, 1997-1998	10/22/1997	35 years
PAN AM SHOPPING CENTER (Virginia)	VA	—	8,694	12,929	6,941	8,695	19,869	28,564	11,411	1979	2/5/1993	35 years
PENTAGON ROW (Virginia)	VA	52,572	—	2,955	85,934	—	88,889	88,889	31,473	1999 - 2002	1998 & 11/22/10	35 years
PERRING PLAZA (Maryland)	MD	—	2,800	6,461	18,392	2,800	24,853	27,653	18,108	1963	10/1/1985	35 years
PIKE 7 (Virginia)	VA	—	9,709	22,799	3,093	9,653	25,948	35,601	11,464	1968	3/31/1997	35 years
PLAZA EL SEGUNDO (California)	CA	185,568	53,723	164,427	252	53,705	164,697	218,402	19	2006 & 2007	12/30/2011	35 years
QUEEN ANNE PLAZA (Massachusetts)	MA	—	3,319	8,457	3,932	3,319	12,389	15,708	7,237	1967	12/23/1994	35 years
QUINCE ORCHARD PLAZA (Maryland)	MD	—	3,197	7,949	11,976	2,928	20,194	23,122	12,475	1975	4/22/1993	35 years
ROCKVILLE TOWN SQUARE (Maryland)	MD	4,552	—	8,092	36,061	—	44,153	44,153	6,146	2005 - 2007	2006 - 2007	50 years
ROLLINGWOOD APTS. (Maryland)	MD	23,236	552	2,246	5,952	572	8,178	8,750	6,865	1960	1/15/1971	25 years
SAM'S PARK & SHOP (District of Columbia)	DC	—	4,840	6,319	1,642	4,840	7,961	12,801	3,687	1930	12/1/1995	35 years
SANTANA ROW (California)	CA	—	41,969	1,161	537,483	49,725	530,888	580,613	96,342	1999 - 2009, 2011	3/5/1997	40 - 50 years
SAUGUS (Massachusetts)	MA	—	4,383	8,291	1,962	4,383	10,253	14,636	4,262	1976	10/1/1996	35 years
SHIRLINGTON (Virginia)	VA	6,364	9,761	14,808	32,113	5,798	50,884	56,682	15,035	1940, 2006-2008	12/21/1995	35 years
SHOPPERS WORLD (Virginia)	VA	5,407	10,211	18,863	1,884	10,225	20,733	30,958	3,243	1975 - 2001	5/30/2007	35 years
THE SHOPPES AT NOTTINGHAM SQUARE (Maryland)	MD	—	4,441	12,849	32	4,441	12,881	17,322	2,172	2005 - 2006	3/8/2007	35 years
THIRD STREET PROMENADE (California)	CA	—	22,645	12,709	41,625	25,125	51,854	76,979	23,698	1888-2000	1996-2000	35 years
TOWER (Virginia)	VA	—	7,170	10,518	3,382	7,280	13,790	21,070	5,721	1953-1960	8/24/1998	35 years
TOWER SHOPS (Florida)	FL	—	28,823	36,313	6,144	28,823	42,457	71,280	1,821	1990	1/19/2011	35 years

FEDERAL REALTY INVESTMENT TRUST SCHEDULE III SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2011 (Dollars in thousands)

COLUMN A		COLUMN B		COLUMN C				COLUMN D			COLUMN E						COLUMN F		COLUMN G	COLUMN H	COLUMN I
Descriptions		Encumbrance		Initial cost to company				Cost Capitalized Subsequent to Acquisition			Gross amount at which carried at close of period						Accumulated Depreciation and Amortization		Date of Construction	Date Acquired	Life on which depreciation in latest income statements is computed
Descriptions		Encumbrance		Land		Building and Improvements		Cost Capitalized Subsequent to Acquisition			Land		Building and Improvements		Total		Accumulated Depreciation and Amortization		Date of Construction	Date Acquired
TROY (New Jersey)	NJ	—		3,126		5,193		20,001			4,028		24,292		28,320		16,545		1966	7/23/1980	22 years
TYSON'S STATION (Virginia)	VA	—		388		453		3,321			475		3,687		4,162		3,116		1954	1/17/1978	17 years
WESTGATE MALL (California)	CA	—		6,319		107,284		4,859			6,319		112,143		118,462		21,847		1960-1966	3/31/2004	35 years
WHITE MARSH PLAZA (Maryland)	MD	9,354		3,478		21,413		134			3,478		21,547		25,025		3,869		1987	3/8/2007	35 years
WHITE MARSH OTHER (Maryland)	MD	—		60,400		1,843		(23,108		)	37,260		1,875		39,135		355		1985	3/8/2007	35 years
WILDWOOD (Maryland)	MD	24,295		9,111		1,061		7,962			9,111		9,023		18,134		7,782		1958	5/5/1969	33 1/3 years
WILLOW GROVE (Pennsylvania)	PA	—		1,499		6,643		20,588			1,499		27,231		28,730		19,985		1953	11/20/1984	35 years
WILLOW LAWN (Virginia)	VA	—		3,192		7,723		70,385			7,790		73,510		81,300		43,740		1957	12/5/1983	35 years
WYNNEWOOD (Pennsylvania)	PA	28,168		8,055		13,759		14,805			8,055		28,564		36,619		15,095		1948	10/29/1996	35 years
TOTALS		$	810,616	$	919,112	$	1,517,305	$	1,998,127		$	922,595	$	3,511,949	$	4,434,544	$	1,127,588