Company: FRT-PC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000034903-25-000037
Chunk: 14

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 14
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6,377 — 6,377 Common units issued under dividend reinvestment plan— 355 — 355 — 355 Share-based compensation expense, net of forfeitures— 4,430 — 4,430 — 4,430 Common units withheld for employee taxes— (4,614)— (4,614)— (4,614)Conversion of downREIT OP units— 366 — 366 (366)— Contributions from noncontrolling interests— — — — 725 725 Purchase of capped calls— (19,448)— (19,448)— (19,448)BALANCE AT MARCH  31 2024$154,788 $2,756,384 $6,899 $2,918,071 $77,921 $2,995,992 

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

9

Table of Contents

Federal Realty OP LP

Consolidated Statements of Cash Flows 

(Unaudited)Three Months Ended March 31, 20252024 (In thousands)OPERATING ACTIVITIESNet income$66,578 $58,016 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization86,946 83,404 Gain on sale of real estate(1,171)— Income from partnerships(177)(32)Straight-line rent(7,463)(5,207)Share-based compensation expense3,881 4,160 Other, net(368)(1,001)Changes in assets and liabilities, net of effects of acquisitions and dispositions:Decrease (increase) in accounts receivable, net16,799 (500)Decrease in prepaid expenses and other assets4,422 3,624 Increase in accounts payable and accrued expenses7,185 7,194 Increase (decrease) in security deposits and other liabilities2,412 (8,498)Net cash provided by operating activities179,044 141,160 INVESTING ACTIVITIESAcquisition of real estate(120,413)— Capital expenditures - development and redevelopment(31,222)(35,993)Capital expenditures - other(27,807)(27,754)Proceeds from sale of real estate3,860 — Distribution from partnerships in excess of earnings642 1,454 Le