NORTH BETHESDA, Md., January 26, 2022 /PRNewswire/ — Federal Real Estate Investment Trust (NYSE: FRT) today released the federal tax treatment for 2021 distributions to holders of its Beneficial Interest Common Stock (NYSE: FRT) and Series C 5.000% Cumulative Redeemable Preferred Stock (NYSE: FRT.PRC).
Common Stock (CUSIP # 313747206)(1)
|
Registration Date |
Payment date |
Distribution Per share |
Taxable Ordinary Dividend |
Capital city Earnings (5) |
Unrecap Sec 1250 (3) |
Not taxable Distributions |
Section 199A Dividend (2) |
Sec 897 inc. Dividends (Box 2nd) (4) |
Dry 897 Capital gain (Box 2f) (4) |
|
04/01/2021 |
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 |
$4.25,000 |
$3.357500 |
$0.680000 |
$0.462400 |
$0.212500 |
$3.357500 |
$0.436475 |
$0.680000 |
|
(1) |
As of January 1, 2022, the CUSIP has increased to 313745101. |
|
(2) |
These amounts are a subset of the 2021 taxable ordinary dividend amounts and are included therein. |
|
(3) |
These amounts are a subset of the 2021 capital gains amounts and are included in them. |
|
(4) |
The amount of quarterly dividends treated as a disposition of investments in US real estate, for purposes of Section 897 of the Internal Revenue Code (IRC), is reflected in boxes 2e and 2f. Box 2e is a subset of the 2021 ordinary taxable dividend amounts and is included there. Box 2f is a subset of the 2021 capital gains amounts and is included there. |
|
(5) |
The total dividend classified as a capital gain is a Section 1231 gain for the purposes of Section 1061 of the Internal Revenue Code (IRC). Section 1061 generally applies to direct and indirect holders of “applicable partnership interests”. |
Series C 5.000% Cumulative Redeemable Preferred Shares (CUSIP # 313747602)(1)
|
Registration Date |
Payment date |
Distribution Per share (2) |
Taxable Ordinary Dividend |
Capital city Earnings (6) |
Unrecap Sec 1250 (4) |
Section 199A Dividend (3) |
Sec 897 inc. Dividends (box 2nd) (5) |
Dry 897 Capital gain (Box 2f) (5) |
|
03/01/2021 |
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 |
|
01/07/2021 |
04/15/2021 |
$0.31250 |
$0.259375 |
$0.053125 |
$0.036125 |
$0.259375 |
$0.033719 |
$0.053125 |
|
03/10/2021 |
10/15/2021 |
$0.31250 |
$0.259375 |
$0.053125 |
$0.036125 |
$0.259375 |
$0.033719 |
$0.053125 |
|
2021 Totals |
$1.25,000 |
$1.037500 |
$0.212500 |
$0.144500 |
$1.037500 |
$0.134876 |
$0.212500 |
|
(1) |
As of January 1, 2022, the CUSIP has increased to 313745200. |
|
(2) |
The amount represents the dividends per depositary share, each representing 1/1000th of a share. |
|
(3) |
These amounts are a subset of the 2021 taxable ordinary dividend amounts and are included therein. |
|
(4) |
These amounts are a subset of the 2021 capital gains amounts and are included in them. |
|
(5) |
The amount of quarterly dividends treated as a disposition of investments in US real estate, for purposes of Section 897 of the Internal Revenue Code (IRC), is reflected in boxes 2e and 2f. Box 2e is a subset of the 2021 ordinary taxable dividend amounts and is included there. Box 2f is a subset of the 2021 capital gains amounts and is included there. |
|
(6) |
The total dividend classified as a capital gain is a Section 1231 gain for the purposes of Section 1061 of the Internal Revenue Code (IRC). Section 1061 generally applies to direct and indirect holders of “applicable partnership interests”. |
The company did not incur any foreign tax. Shareholders are encouraged to consult their personal tax advisors as to their specific tax treatment of Federal Realty distributions. If you need additional information, contact Leah BradyInvestor Relations, at 301-998-8265.
About Federal Realty
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality commercial properties located primarily in major coastal markets in washington d.c. at Boston as good as San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to provide long-term sustainable growth by investing in communities where retail demand exceeds supply. His expertise includes the creation of urban and mixed neighborhoods such as Santana Row in San Jose, CaliforniaPike & Rose in North Bethesda, Maryland and assembly line in Somerville, Mass.. These unique and dynamic 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, over 25 million square feet, and approximately 3,200 residential units.
Federal Realty has increased its quarterly dividends to shareholders for 54 consecutive years, the longest record in the REIT industry. Federal Realty is a member of the S&P 500 Index and its shares trade on the NYSE under the symbol FRT. For more information about Federal Realty and its properties, visit www.federalrealty.com.
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SOURCE Federal Real Estate Investment Trust
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