exhibit 1. 1 federal realty investment trust common shares of beneficial interest equity distribution agreement dated : february 24, 2021 exhibit 1. 1 federal realty investment trust common shares of beneficial interest equity distribution agreement dated : february 24, 2021 table of contents page section 1. description of securities 2 section 2. placements 3 section 3. sale of securities 5 section 4. suspension of sales 6 section 5. representations and warranties 6 section 6. sale and delivery ; settlement 17 section 7. covenants of the company 21 section 8. payment of expenses 29 section 9. conditions of the obligations of the sales agents and the forward sellers 30 section 10. indemnification 32 section 11. contribution 34 section 12. representations, warranties and agreements to survive delivery 35 section 13. termination of agreement 36 section 14. notices 37 section 15. parties 39 section 16. adjustments for stock splits 39 section 17. governing law and time 39 section 18. counterparts 39 section 19. recognition of the u. s. special resolution regimes 39 section 20. effect of headings 40 section 21. definitions 40 section 22. permitted free writing prospectuses 43 section 23. absence of fiduciary relationship 43 - i - table of contents ( continued ) exhibits exhibit a – form of placement notice exhibit b - 1 – form of confirmation exhibit b - 2 – authorized individuals for placement notices and acceptances exhibit c – compensation exhibit d - 1 – form of opinion of pillsbury winthrop shaw pittman llp ( corporate ) exhibit d - 2 – form of opinion of pillsbury winthrop shaw pittman llp ( tax ) exhibit e – officer ’ s certificate exhibit f – permitted free writing prospectuses - ii - federal realty investment trust ( a maryland real estate investment trust ) common shares of beneficial interest equity distribution agreement february 24, 2021 bofa securities, inc. one bryant park new york, new york 10036 j. p. morgan securities llc 383 madison avenue new york, new york 10017 citigroup global markets inc. 388 greenwich street new york, new york 10013 wells fargo securities, llc 500 west 33rd street new york, new york 10001 jefferies llc 520 madison avenue new york, new york 10022 attention : general counsel as forward sellers and sales agents bank of america, n. a. one bryant park new york, new york 10036 jpmorgan chase bank, national association 383 madison avenue new york, new york 10179 citibank, n. a