Company: FRT-PC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000034903-25-000037
Chunk: 15

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 15
---
asing costs(6,826)(4,649)Net cash used in investing activities(181,766)(66,942)FINANCING ACTIVITIESNet borrowings under revolving credit facility44,550 12,500 Issuance of senior notes, net of costs— 471,576 Repayment of senior notes— (600,000)Costs to extend and issue notes and mortgages payable (4,814)(902)Repayment of mortgages, finance leases and notes payable(2,005)(819)Purchase of capped calls— (19,448)Issuance of common units, net of costs54,542 6,312 Distributions to common and preferred unit holders(95,964)(91,883)Shares withheld for employee taxes(4,607)(4,614)Contributions from noncontrolling interests1,413 725 Distributions to and redemptions of noncontrolling interests(3,133)(2,848)Net cash used in financing activities(10,018)(229,401)Decrease in cash, cash equivalents and restricted cash(12,740)(155,183)Cash, cash equivalents, and restricted cash at beginning of year135,443 260,004 Cash, cash equivalents, and restricted cash at end of period$122,703 $104,821 

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

10

Table of Contents

Federal Realty Investment Trust

Federal Realty OP LP

Notes to Consolidated Financial Statements

March 31, 2025 

(Unaudited)

NOTE 1—BUSINESS AND ORGANIZATION

Federal Realty Investment Trust (the "Parent Company" and the "Trust") is an equity real estate investment trust ("REIT").  Federal Realty OP LP (the "Operating Partnership") is the entity through which the Parent Company conducts substantially all of its operations and owns all of its assets. The Parent Company owns 100% of the limited liability company interests of, is sole member of and exercises exclusive control over Federal Realty GP LLC (the "General Partner"), which in turn, is the sole general partner of the Operating Partnership. The Parent Company specializes in the ownership, management, and redevelopment of retail and mixed-use properties through the Operating Partnership, and has no other substantial assets or liabilities other than through its investment in the Operating Partnership. Our properties are located primarily in communities where we believe retail demand exceeds supply, in strategically selected metropolitan markets in the Mid-Atlantic and Northeast