Company: FRT-PC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000034903-25-000052
Chunk: 34

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 34
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 months ended June 30, 2024, •the issuance of 0.5 million shares and units issuable under common share forward sales agreements for the period they were outstanding during the six months ended June 30, 2025, and•exchange of common shares and units related to the 3.25% Exchangeable Senior Notes due 2029 for both the three and six months ended June 30, 2025 and 2024.Federal Realty Investment Trust Earnings per ShareThree Months EndedSix Months EndedJune 30,June 30, 2025202420252024 (In thousands, except per share data)NUMERATORNet income$159,956 $114,655 $226,534 $172,671 Less: Preferred share dividends(2,008)(2,008)(4,016)(4,016)Less: Income from operations attributable to noncontrolling interests(4,040)(2,673)(6,850)(3,953)Less: Earnings allocated to unvested shares(520)(399)(727)(663)Net income available for common shareholders, basic$153,388 $109,575 $214,941 $164,039 Add: Income attributable to downREIT operating partnership units601 686 1,268 — Add: Dividends on 5.417% Series 1 Cumulative Convertible Preferred Shares133 — — — Net income available for common shareholders, diluted$154,122 $110,261 $216,209 $164,039 DENOMINATORWeighted average common shares outstanding, basic85,969 82,932 85,722 82,768 Effect of dilutive securities:DownREIT operating partnership units548 631 578 — 5.417% Series 1 Cumulative Convertible Preferred Shares94 — — — Weighted average common shares outstanding, diluted86,611 83,563 86,300 82,768 EARNINGS PER COMMON SHARE, BASIC AND DILUTED:Net income available for common shareholders$1.78 $1.32 $2.51 $1.98 

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Federal Realty OP LP Earnings per UnitThree Months EndedSix Months EndedJune 30,June 30, 2025202420252024 (In thousands, except per unit data)NUMERATOR