Company: FRT-PC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000034903-25-000016
Chunk: 174

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 174
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 BColumn CColumn DColumn EColumn FColumn GColumn HDescription of LienInterest RateMaturity DatePeriodic PaymentTermsPriorLiensFace Amountof MortgagesCarryingAmountof Mortgages(1)PrincipalAmountof LoansSubject todelinquentPrincipalor InterestSecond mortgage on a retail shopping center in Rockville, MD11.5%February 2026Interest only monthly;balloon payment dueat maturity$58,750 (2)$5,075 $4,644 $— Second mortgage on a retail shopping center in Rockville, MD10.75%February 2026Interest only monthly;balloon payment dueat maturity58,750 (2)4,500 4,500 — Second mortgage on a retail shopping center in Baltimore, MD7.0%October 2031Principal and interest monthly; balloon payment due at maturity4,990 (3)453 — — $63,740   $10,028 $9,144 $— _____________________(1)The amounts are net of any expected losses in accordance with ASU 2016-13. See note 2 to the consolidated financial statements. For Federal tax purposes, the aggregate tax basis is approximately $10.0 million as of December 31, 2024. (2)These mortgages are both subordinate to a first mortgage of $58.8 million in total. We do not hold the first mortgage loan on this property. Accordingly, the amount of the prior lien at December 31, 2024 is estimated.(3)This mortgage is subordinate to a first mortgage of $5.0 million. We do not hold the first mortgage loan on this property. Accordingly, the amount of the prior lien at December 31, 2024 is estimated.

F-47

FEDERAL REALTY INVESTMENT TRUST AND FEDERAL REALTY OP LPSCHEDULE IVMORTGAGE LOANS ON REAL ESTATE - CONTINUEDThree Years Ended December 31, 2024Reconciliation of Carrying Amount(In thousands)Balance, December 31, 2021$9,543 Deductions during period:Valuation adjustments(44)Collection and satisfaction of loans(43)Balance, December 31, 20229,456 Deductions during period:Valuation adjustments(213)Collection and