Company: FRT-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000034903-25-000063
Chunk: 15

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 15
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Security deposits payable31,275 30,941 Operating lease liabilities72,960 74,837 Finance lease liabilities12,872 12,783 Other liabilities and deferred credits231,613 227,827 Total liabilities5,396,396 5,100,327 Commitments and contingencies (Note 6)Redeemable noncontrolling interests180,684 180,286 Partner capitalPreferred units, 398,878 units issued and outstanding154,788 154,788 Common units, 86,265,563 and 85,666,220 units issued and outstanding, respectively3,057,538 3,012,066 Accumulated other comprehensive income2,232 4,740 Total partner capital3,214,558 3,171,594 Noncontrolling interests in consolidated partnerships70,587 72,550 Total capital3,285,145 3,244,144 TOTAL LIABILITIES AND CAPITAL$8,862,225 $8,524,757 

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

8

Table of Contents

Federal Realty OP LP

Consolidated Statements of Comprehensive Income

(Unaudited)

Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024 (In thousands, except per unit data)REVENUERental income$313,183 $295,119 $917,954 $866,199 Other property income8,789 8,233 24,143 23,973 Mortgage interest income281 281 833 836 Total revenue322,253 303,633 942,930 891,008 EXPENSESRental expenses67,481 63,898 196,894 184,448 Real estate taxes38,178 36,053 111,426 105,402 General and administrative11,649 10,822 34,449 34,920 Depreciation and amortization94,277 87,028 270,464 255,481 Total operating expenses211,585 197,801 613,233 580,251        Gain on sale of real estate — — 77,672 52,280 New market tax credit transaction income— — 14,176 — OPERATING INCOME110,668 105,832