Company: FRT-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000034903-25-000063
Chunk: 58

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 58
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20275.375% notes350,000350,000 5.375 %May 1, 20283.25% exchangeable notes485,000485,000 3.25 %January 15, 20293.20% notes400,000400,000 3.20 %June 15, 20293.50% notes400,000400,000 3.50 %June 1, 20304.50% notes550,000550,000 4.50 %December 1, 20443.625% notes250,000250,000 3.625 %August 1, 2046Subtotal3,379,200 Net unamortized debt issuance costs and premium(16,732)Total senior notes and debentures, net3,362,468 Total debt, net$4,723,344 _____________________

(1)On October 30, 2025, we refinanced our Azalea mortgage loan with a new $55.0 million mortgage loan that bears interest at SOFR + 85 basis points, based on our credit rating, and matures on October 30, 2028.

(2)The interest rate on this mortgage loan is fixed at a weighted average interest rate of 5.03% through the initial maturity date through three interest rate swap agreements. We have two one-year extensions, at our option to extend the maturity date of this mortgage loan to December 28, 2027.

(3)The interest rate on this mortgage loan is fixed at 3.67% through two interest rate swap agreements. 

(4)The interest rates on these mortgages range from 3.91% to 5.00%.

(5)Our revolving credit facility SOFR loans and our term loan bear interest at Daily Simple SOFR, as defined in the respective credit agreements, plus a spread, based on our current credit rating. Our revolving credit facility also includes a 0.10% adjustment to SOFR, which was removed through an amendment to the agreement on October 30, 2025.

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(6)The Operating Partnership is the named obligor under our revolving credit facility, and senior notes and debentures. Effective March 20, 2025, the Operating Partnership and a wholly owned subsidiary of the Operating Partnership are both named obligors of the term loan.

(7)Effective September 2,