Company: FRT-PC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000034903-25-000037
Chunk: 43

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 43
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0 million 3.25% exchangeable senior notes in January 2024.

partially offset by

•$471.6 million in net proceeds from the issuance of $485.0 million 3.25% exchangeable senior notes in January 2024, and

•a $4.1 million increase in dividends paid to common and preferred shareholders due to an increase in the number of outstanding shares, as well as an increase to the common share dividend rate.

27

Table of Contents

Debt Financing Arrangements

The following is a summary of our total debt outstanding as of March 31, 2025:

Description of DebtOriginalDebtIssuedPrincipal Balance as of March 31, 2025Stated Interest Rate as ofMarch 31, 2025Maturity Date (Dollars in thousands)  Mortgages payableSecured fixed rateAzaleaAcquired$40,000 3.73 %November 1, 2025Bethesda Row (1)200,000200,000 SOFR + 0.95%December 28, 2025Bell GardensAcquired11,133 4.06 %August 1, 2026Plaza El Segundo125,000125,000 3.83 %June 5, 2027The Grove at Shrewsbury (East)43,60043,600 3.77 %September 1, 2027Brook 3511,50011,500 4.65 %July 1, 2029Hoboken (24 Buildings) (2)56,45051,735 SOFR + 1.95%December 15, 2029Various Hoboken (13 Buildings) (3)Acquired27,421 VariousVarious through 2029ChelseaAcquired3,450 5.36 %January 15, 2031Subtotal513,839 Net unamortized debt issuance costs and discount(1,260)Total mortgages payable, net512,579 Notes payableRevolving credit facility (4)(5)(6)44,550 Adjusted SOFR + 0.775%April 5, 2027Term loan (4)(5)600,000600,000 Adjusted SOFR + 0.85%March 20, 2028Various6,3111,627 VariousVarious through 2059