Company: FRT-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000034903-25-000063
Chunk: 21

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 21
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— 471,507 Repayment of senior notes— (600,000)Issuance of notes and mortgages payable, net of costs 145,044 (902)Repayment of mortgages, finance leases and notes payable(3,710)(2,662)Purchase of capped calls— (19,448)Issuance of common units, net of costs54,481 222,383 Distributions to common and preferred unit holders(288,990)(276,548)Shares withheld for employee taxes(4,856)(4,972)Contributions from noncontrolling interests1,413 725 Distributions to and acquisition/redemptions of noncontrolling interests(17,563)(23,997)Net cash used in financing activities(11,781)(233,914)Decrease in cash, cash equivalents and restricted cash(7,759)(154,398)Cash, cash equivalents, and restricted cash at beginning of year135,443 260,004 Cash, cash equivalents, and restricted cash at end of period$127,684 $105,606 

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

12

Table of Contents

Federal Realty Investment Trust

Federal Realty OP LP

Notes to Consolidated Financial Statements

September 30, 2025 

(Unaudited)

NOTE 1—BUSINESS AND ORGANIZATION

Federal Realty Investment Trust (the "Parent Company" and the "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 operations and owns all of its assets. The Parent Company owns 100% of the limited liability company interests of, is sole member of and exercises exclusive 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, operation, and redevelopment of high-quality retail-based properties through the Operating Partnership, and has no other substantial assets or liabilities other than through its investment in the Operating Partnership. Our properties are located primarily in major coastal markets and select underserved regions that we believe have strong economic and demographic fundamentals. As of September 30, 2025, we owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 103 predominantly retail real estate projects.We operate in a manner intended to enable the Trust to qualify as a REIT