Company: FRT-PC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000034903-25-000016
Chunk: 108

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 108
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23 (In thousands, except share and per share data)ASSETSReal estate, at costOperating (including $1,825,656 and $2,021,622 of consolidated variable interest entities, respectively)$10,363,961 $9,932,891 Construction-in-progress (including $9,939 and $8,677 of consolidated variable interest entities, respectively)539,752 613,296 10,903,713 10,546,187 Less accumulated depreciation and amortization (including $424,044 and $416,663 of consolidated variable interest entities, respectively)(3,152,799)(2,963,519)Net real estate7,750,914 7,582,668 Cash and cash equivalents123,409 250,825 Accounts and notes receivable, net229,080 201,733 Mortgage notes receivable, net9,144 9,196 Investment in partnerships33,458 34,870 Operating lease right of use assets, net85,806 86,993 Finance lease right of use assets, net6,630 6,850 Prepaid expenses and other assets286,316 263,377 TOTAL ASSETS$8,524,757 $8,436,512 LIABILITIES AND SHAREHOLDERS’ EQUITYLiabilitiesMortgages payable, net (including $186,643 and $189,286 of consolidated variable interest entities, respectively)$514,378 $516,936 Notes payable, net601,414 601,945 Senior notes and debentures, net3,357,840 3,480,296 Accounts payable and accrued expenses183,564 174,714 Dividends payable96,743 92,634 Security deposits payable30,941 30,482 Operating lease liabilities74,837 75,870 Finance lease liabilities12,783 12,670 Other liabilities and deferred credits227,827 225,443 Total liabilities5,100,327 5,210,990 Commitments and contingencies (Note 7)Redeemable noncontrolling interests180,286 183,363 Shareholders’ equityPreferred shares, authorized 15,000,000 shares, $0.01 par:5.0% Series C Cumulative Redeemable Preferred Shares, (stated at liquidation preference $25,000 per