Company: FRT-PC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000034903-25-000037
Chunk: 12

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 12
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Total revenue309,154 291,323 EXPENSESRental expenses67,804 61,659 Real estate taxes36,567 34,060 General and administrative10,875 12,006 Depreciation and amortization86,946 83,404 Total operating expenses202,192 191,129        Gain on sale of real estate 1,171 — OPERATING INCOME108,133 100,194 OTHER INCOME/(EXPENSE)Other interest income743 1,483 Interest expense(42,475)(43,693)Income from partnerships177 32 NET INCOME66,578 58,016 Net income attributable to noncontrolling interests(2,810)(1,280)NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP63,768 56,736 Distributions on preferred units(2,008)(2,008)NET INCOME AVAILABLE FOR COMMON UNIT HOLDERS$61,760 $54,728 EARNINGS PER COMMON UNIT, BASIC AND DILUTED:       Net income available for common unit holders$0.72 $0.66 Weighted average number of common units85,472 82,605 COMPREHENSIVE INCOME$65,334 $60,944 COMPREHENSIVE INCOME ATTRIBUTABLE TO THE PARTNERSHIP$62,624 $59,583 

The accompanying notes are an integral part of these consolidated statements.

8

Table of Contents

Federal Realty OP LP

Consolidated Statements of Capital

For the Three Months Ended March 31, 2025 and 2024

(Unaudited)

 Preferred UnitsCommon UnitsAccumulatedOtherComprehensiveIncome (Loss)Total Partner CapitalNoncontrolling Interests in Consolidated PartnershipsTotal Capital (In thousands)BALANCE AT DECEMBER 31, 2024$154,788 $3,012,066 $4,740 $3,171,594 $72,550 $3,244,144 Net income, excluding $2,003 attributable to redeemable noncontrolling interests2,008 61,760 — 63,768 807 64,575 Other comprehensive loss - change in fair value of interest rate swaps, excluding $100 attributable to redeemable noncontrolling interests— — (1,144)(1,144)— (1