Federal Realty said it and Federal Realty OP LP entered into an amendment to the Equity Distribution Agreement on March 8, 2024. The amendment was made to add agents and forward purchasers and to increase the aggregate offering price of Shares that may be sold under the agreement.

1. 01

   Federal Realty said it and Federal Realty OP LP entered into an amendment to the Equity Distribution Agreement on March 8, 2024. The amendment was made to add agents and forward purchasers and to increase the aggregate offering price of Shares that may be sold under the agreement.

2. 02

   The company said it had sold Shares under the Distribution Agreement with an aggregate offering price of $187,879,828 before the amendment. It said the amendment left Shares with an aggregate offering price of $500,000,000 available for sale as of March 8, 2024.

3. 03

   The company said it filed a new universal shelf registration statement on Form S-3 with Federal Realty OP LP on March 8, 2024. It said that from March 8, 2024, Shares sold under the Distribution Agreement will be made pursuant to the New Universal Shelf and a prospectus supplement filed on the same day.

4. 04

   The company said it filed two prospectus supplements on March 8, 2024 covering resales by selling shareholders. One covers up to 729,246 Shares (DownREIT Shares), and the other covers up to 4,739,566 Shares (Exchangeable Notes Shares) issuable upon exercise of the exchange option on 3.25% Exchangeable Senior Notes due 2029.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.