Company: FRT-PC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000034903-25-000016
Chunk: 122

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 122
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 Issuance and extension of mortgages and notes payable, net of costs(902)199,237 298,568 Repayment of mortgages, finance leases, and notes payable(3,496)(58,472)(19,443)Purchase of capped calls(19,448)— — Issuance of common units, net of costs304,045 131,895 307,275 Dividends paid to common and preferred unit holders(371,586)(359,194)(347,284)Common units withheld for employee taxes(6,709)(5,019)(4,900)Contributions from noncontrolling interests725 1,092 — Distributions to and redemptions of noncontrolling interests(26,434)(14,086)(37,427)Net cash (used in) provided by financing activities(252,298)(33,849)190,414 (Decrease) increase in cash, cash equivalents, and restricted cash(124,561)163,656 (78,815)Cash, cash equivalents, and restricted cash at beginning of year260,004 96,348 175,163 Cash, cash equivalents, and restricted cash at end of year$135,443 $260,004 $96,348 

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

F-15

Federal Realty Investment Trust

Federal Realty OP LP

Notes to Consolidated Financial Statements

December 31, 2024, 2023 and 2022 

NOTE 1—BUSINESS AND ORGANIZATION

Federal Realty Investment Trust (the “Parent Company” and "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 operating and owns all of its assets. The Parent Company owns 100% of the limited liability company interests of, is sole member of, and exercises 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. 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 regions of the United States, California, and South Florida. As of December 31, 2024, we owned or had a majority interest