Company: FRT-PC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000034903-25-000016
Chunk: 109

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 109
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 share), 6,000 shares issued and outstanding150,000 150,000 5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 392,878 shares issued and outstanding9,822 9,822 Common shares of beneficial interest, $0.01 par, 200,000,000 shares authorized, 85,666,220 and 82,775,286 shares issued and outstanding, respectively862 833 Additional paid-in capital4,248,824 3,959,276 Accumulated dividends in excess of net income(1,242,654)(1,160,474)Accumulated other comprehensive income 4,740 4,052 Total shareholders’ equity of the Trust3,171,594 2,963,509 Noncontrolling interests72,550 78,650 Total shareholders’ equity3,244,144 3,042,159 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$8,524,757 $8,436,512 

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

F-8

Federal Realty Investment Trust

Consolidated Statements of Comprehensive Income

Year Ended December 31, 202420232022 (In thousands, except per share data)REVENUERental income$1,170,078 $1,101,439 $1,047,793 Other property income31,258 29,602 25,499 Mortgage interest income1,116 1,113 1,086 Total revenue1,202,452 1,132,154 1,074,378 EXPENSESRental expenses249,569 231,666 228,958 Real estate taxes142,230 131,429 127,824 General and administrative49,739 50,707 52,636 Depreciation and amortization342,598 321,763 302,409 Total operating expenses784,136 735,565 711,827 Gain on deconsolidation of VIE— — 70,374 Gain on sale of real estate54,040 9,881 93,483 OPERATING INCOME472,356 406,470 526,408 OTHER INCOME/(EXPENSE)Other interest income4,294 4,