Company: FRT-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000034903-25-000063
Chunk: 56

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 56
---
 due to the acquisitions of the fee interest in Town Center Crossing and Town Center Plaza in July 2025 and Del Monte Shopping Center in February 2025 (see Note 3 to the consolidated financial statements for additional information), as compared to the acquisitions of the fee interest in Virginia Gateway in May 2024 and Pinole Vista Crossing in July 2024, and

•a $14.8 increase in capital expenditures, 

partially offset by

•a $44.8 million increase in net proceeds from the sale of real estate primarily due to $141.2 million of net proceeds from the sale of a residential building at Santana Row, our Hollywood Boulevard property, and a portion of our White Marsh Other property during the nine months ended September 30, 2025, as compared to $96.3 million of net proceeds from the sale of Third Street Promenade during the nine months ended September 30, 2024.

Net cash used in financing activities decreased $222.1 million to $11.8 million during the nine months ended September 30, 2025 from $233.9 million during the nine months ended September 30, 2024. The decrease was primarily attributable to:

•$600.0 million from the January 2024 repayment of our $600.0 million 3.95% senior unsecured notes at maturity, 

•$145.0 million in net proceeds from our unsecured term loan in 2025,

•$102.4 million in borrowings on our revolving credit facility during the nine months ended September 30, 2025, and

•a $19.4 million premium paid for the capped call transactions entered into in connection with the issuance of $485.0 million 3.25% exchangeable senior notes in January 2024,

partially offset by

•$471.5 million in net proceeds from the issuance of $485.0 million 3.25% exchangeable senior notes in January 2024,

•a $167.9 million decrease in net proceeds from the issuance of common shares under our ATM program, and

•a $12.4 million increase in dividends paid to common and preferred shareholders due to an increase in the number of outstanding shares, as well as an increase to the common share dividend rate.

33

Table of Contents

Debt Financing Arrangements

The following is a summary of our total debt outstanding as of September 30, 2025:

Description of DebtOriginalDebtIssued