Company: FRT-PC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000034903-25-000016
Chunk: 140

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 140
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558 11,104 20291,332 10,120 Thereafter20,525 114,519 $30,081 $172,958 

F-26

NOTE 5—DEBT

The following is a summary of our total debt outstanding as of December 31, 2024 and 2023:Principal Balance as of December 31,Stated Interest Rate as ofStated Maturity Date as ofDescription of Debt20242023December 31, 2024December 31, 2024Mortgages payable(Dollars in thousands)Azalea$40,000 $40,000 3.73 %November 1, 2025Bethesda Row (1)200,000 200,000 SOFR + 0.95%December 28, 2025Bell Gardens11,215 11,531 4.06 %August 1, 2026Plaza El Segundo125,000 125,000 3.83 %June 5, 2027The Grove at Shrewsbury (East)43,600 43,600 3.77 %September 1, 2027Brook 3511,500 11,500 4.65 %July 1, 2029Hoboken (24 Buildings) (2)52,123 53,617 SOFR + 1.95%December 15, 2029Various Hoboken (14 Buildings)(3)28,838 29,878 VariousVarious through 2029Chelsea3,568 4,018 5.36 %January 15, 2031Subtotal515,844 519,144 Net unamortized debt issuance costs and discount(1,466)(2,208)Total mortgages payable, net514,378 516,936 Notes payableTerm Loan (4)(6)600,000 600,000 SOFR + 0.85%April 16, 2025Revolving credit facility (4)(5)(6)— — SOFR + 0.775%April 5, 2027Various1,680 2,387 VariousVarious through 2059Subtotal601,680 602,387 Net unamortized debt issuance costs(266)(442)Total notes payable, net601,414 601,945 Senior notes and