Company: FRT-PC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000034903-25-000037
Chunk: 11

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 11
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 229,080 Mortgage notes receivable, net9,131 9,144 Investment in partnerships32,888 33,458 Operating lease right of use assets, net85,165 85,806 Finance lease right of use assets, net6,575 6,630 Prepaid expenses and other assets296,509 286,316 TOTAL ASSETS$8,621,850 $8,524,757 LIABILITIES AND CAPITALLiabilitiesMortgages payable, net (including $184,813 and $186,643 of consolidated variable interest entities, respectively)$512,579 $514,378 Notes payable, net641,331 601,414 Senior notes and debentures, net3,359,383 3,357,840 Accounts payable and accrued expenses197,422 183,564 Dividends payable97,265 96,743 Security deposits payable34,194 30,941 Operating lease liabilities74,230 74,837 Finance lease liabilities12,812 12,783 Other liabilities and deferred credits247,029 227,827 Total liabilities5,176,245 5,100,327 Commitments and contingencies (Note 6)Redeemable noncontrolling interests181,339 180,286 Partner capitalPreferred units, 398,878 units issued and outstanding154,788 154,788 Common units, 86,255,005 and 85,666,220 units issued and outstanding, respectively3,033,497 3,012,066 Accumulated other comprehensive income3,596 4,740 Total partner capital3,191,881 3,171,594 Noncontrolling interests in consolidated partnerships72,385 72,550 Total capital3,264,266 3,244,144 TOTAL LIABILITIES AND CAPITAL$8,621,850 $8,524,757 

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

7

Table of Contents

Federal Realty OP LP

Consolidated Statements of Comprehensive Income

(Unaudited)

Three Months Ended March 31, 20252024 (In thousands, except per unit data)REVENUERental income$302,294 $283,986 Other property income6,585 7,059 Mortgage interest income275 278