Company: FRT-PC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000034903-25-000037
Chunk: 6

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 6
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5.0% Series C Cumulative Redeemable Preferred Shares, (stated at liquidation preference $25,000 per 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, $.01 par, 200,000,000 shares authorized, respectively, 86,255,005 and 85,666,220 shares issued and outstanding, respectively869 862 Additional paid-in capital4,303,363 4,248,824 Accumulated dividends in excess of net income(1,275,769)(1,242,654)Accumulated other comprehensive income3,596 4,740 Total shareholders’ equity of the Trust3,191,881 3,171,594 Noncontrolling interests72,385 72,550 Total shareholders’ equity3,264,266 3,244,144 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$8,621,850 $8,524,757 The accompanying notes are an integral part of these consolidated statements.

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Table of Contents

 Federal Realty Investment Trust

Consolidated Statements of Comprehensive Income

(Unaudited)

Three Months Ended March 31, 20252024 (In thousands, except per share data)REVENUERental income$302,294 $283,986 Other property income6,585 7,059 Mortgage interest income275 278 Total revenue309,154 291,323 EXPENSESRental expenses67,804 61,659 Real estate taxes36,567 34,060 General and administrative10,875 12,006 Depreciation and amortization86,946 83,404 Total operating expenses202,192 191,129        Gain on sale of real estate1,171 — OPERATING INCOME108,133 100,194 OTHER INCOME/(EXPENSE)Other interest income743 1,483 Interest expense(42,475)(43,693)Income from partnerships177 32 NET INCOME66,578 58,016 Net income attributable to noncontrolling interests(2,810)(1,280)NET INCOME