<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Balance Sheet of Federal Realty Investment Trust as of June 30,
1999 and the related consolidated statement of operations for the six months
ended June 30, 1999 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                          11,853
<SECURITIES>                                         0
<RECEIVABLES>                                   14,923
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                       1,701,981
<DEPRECIATION>                               (308,580)
<TOTAL-ASSETS>                               1,514,897
<CURRENT-LIABILITIES>                                0
<BONDS>                                        892,167
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    100,000
<COMMON>                                       711,877
<OTHER-SE>                                   (297,287)
<TOTAL-LIABILITY-AND-EQUITY>                 1,514,897
<SALES>                                              0
<TOTAL-REVENUES>                               123,934
<CGS>                                                0
<TOTAL-COSTS>                                   37,971
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              30,518
<INCOME-PRETAX>                                 16,394
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    16,394
<EPS-BASIC>                                      .41
<EPS-DILUTED>                                      .41