Company: FRT-PC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000034903-25-000052
Chunk: 56

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 56
---
 used in investing activities decreased $136.3 million to $116.3 million during the six months ended June 30, 2025 from $252.6 million during the six months ended June 30, 2024. The decrease was primarily attributable to:

•a $93.5 million decrease in acquisition of real estate primarily due to the February 2025 acquisition of the fee interest in Del Monte Shopping Center (see Note 3 to the consolidated financial statements for additional information), as compared to the May 2024 acquisition of the fee interest in Virginia Gateway, and

32

Table of Contents

•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 six months ended June 30, 2025, as compared to $96.3 million of net proceeds from the sale of Third Street Promenade during the six months ended June 30, 2024.

Net cash used in financing activities decreased $59.2 million to $145.2 million during the six months ended June 30, 2025 from $204.4 million during the six months ended June 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, 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 $64.2 million decrease in net borrowings on our revolving credit facility to $17.6 million of net borrowings during the six months ended June 30, 2025, as compared to $81.8 million of net borrowings during the six months ended June 30, 2024, 

•a $16.4 million decrease in net proceeds from the issuance of common shares under our ATM program, and

•an $8.6 million increase in dividends paid to common and preferred shareholders due to an increase in the number of outstanding shares, as well as