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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
FORM 8-K/A
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 30, 2001
Federal Realty Investment Trust
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(Exact name of registrant as specified in its charter)
Maryland 1-07533 52-0782497
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation) Number) Identification No.)
1626 East Jefferson Street, Rockville, Maryland 20852-4041
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (301) 998-8100
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FEDERAL REALTY INVESTMENT TRUST
Item 5. Other Events
This Form 8-K/A is being filed for the sole purpose of amending the Debt Summary
which was attached as Exhibit E-2 to the Registrant's Current Report on Form 8-K
filed with the Commission on November 1, 2001.
The following table summarizes the Registrant's outstanding debt (excluding
capital leases and interest rate swaps) as of September 30, 2001.
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FEDERAL REALTY INVESTMENT TRUST
DEBT ANALYSIS (excluding capital leases and interest rate swaps)
September 30, 2001
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Balance
Maturity Rate (in thousands)
-------- ---- -------------
Mortgages
Leesburg Plaza 10/01/08 6.510% $ 9,900
Federal Plaza 06/01/11 6.750% 36,387
Tysons Station 09/01/11 7.400% 6,992
164 E Houston Street 10/06/08 7.500% 312
Barracks Road 11/01/15 7.950% 44,300
Hauppauge 11/01/15 7.950% 16,700
Lawrence Park 11/01/15 7.950% 31,400
Wildwood 11/01/15 7.950% 27,600
Wynnewood 11/01/15 7.950% 32,000
Brick Plaza 11/01/15 7.415% 33,000
Friendship Center 09/22/03 libor + 1.35% 17,000
Construction loan on Woodmont East
(may be extended to 8/29/04) 08/29/02 libor + 1.35% 22,361
Construction loan on Santana Row
(may be extended to 4/16/06) 04/16/04 libor + 2.125% 23,047
Escondido (Municipal bonds) 10/01/16 variable (a) 9,400
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$ 310,399
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Notes payable
Revolving credit facilities 12/19/03 libor + .80% $ 165,000
Term note with banks 12/19/03 libor + .95% (b) 125,000
Note issued in connection with
renovation of Perring Plaza 01/31/13 10.00% 2,418
Note issued in connection with land purchase 06/30/02 libor + 1.25% 3,400
Other various various 66
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$ 295,884
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Unsecured Public Debt
5 1/4% Convertible subordinated debentures 04/30/02 5.250% $ 289
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5 1/4% Convertible subordinated debentures 10/28/03 5.250% $ 75,000
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8% Notes (fixed) 04/21/02 8.000% $ 25,000
6.625% Notes (fixed) 12/01/05 6.625% 40,000
7.48% Debentures 08/15/26 7.480% 50,000
6.82% Medium Term Notes 08/01/27 6.820% 40,000
6.74% Medium Term Notes (c) 03/10/04 6.370% 39,500
6.99% Medium Term Notes (c) 03/10/06 6.894% 40,500
8.75% Notes 12/01/09 8.750% 175,000
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$ 410,000
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Total fixed rate debt $ 851,364 77.99%
Total variable rate debt 240,208 22.01%
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Total debt $1,091,572 100.00%
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Weighted average interest rate:
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Fixed rate debt 7.27%
Variable on revolving credit facilities 5.34% (d)
Variable on municipal bonds (a)
(a) The bonds bear interest at a variable rate determined weekly to be the
interest rate which would enable the bonds to be remarketed at 100% of their
principal amount.
(b) The Trust purchased interest rate swaps or hedges on this note, thereby
locking in the interest rate at 6.22%.
(c) The Trust purchased interest rate swaps or hedges on these notes, thereby
decreasing the effective interest.
(d) Weighted average interest rate on revolving credit facilities for nine
months ended September 30, 2001.
DEBT MATURITIES (excluding capital leases and interest rate swaps)
(In thousands) (assumes all extensions are exercised)
Cumulative
Percent of Percent of
Scheduled Debt Debt
Year Amortization Maturities Total Expiring Expiring
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2001 $ 149 $ - $ 149 0.0% 0.0%
2002 639 28,689 29,328 2.7% 2.7%
2003 846 382,000 382,846 35.1% 37.8%
2004 2,811 61,861 64,672 5.9% 43.7%
2005 3,064 40,000 43,064 4.0% 47.7%
2006 3,411 63,547 66,958 6.1% 53.8%
2007 3,686 - 3,686 0.3% 54.1%
2008 3,918 9,541 13,459 1.2% 55.3%
2009 4,095 175,045 179,140 16.4% 71.7%
2010 4,427 - 4,427 0.4% 72.1%
Thereafter 21,401 282,442 303,843 27.9% 100.0%
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$ 48,447 $1,043,125 $1,091,572 100.00%
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FEDERAL REALTY INVESTMENT TRUST
Date: December 6, 2001 By: /s/ CECILY A. WARD
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Cecily A. Ward
Vice President, Chief Financial Officer
and Treasurer
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