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

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 10
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 Distribution from partnerships in excess of earnings642 1,454 Leasing costs(6,826)(4,649)Net cash used in investing activities(181,766)(66,942)FINANCING ACTIVITIESNet borrowings under revolving credit facility44,550 12,500 Issuance of senior notes, net of costs— 471,576 Repayment of senior notes— (600,000)Costs to extend and issue notes and mortgages payable (4,814)(902)Repayment of mortgages, finance leases and notes payable(2,005)(819)Purchase of capped calls— (19,448)Issuance of common shares, net of costs54,542 6,312 Dividends paid to common and preferred shareholders(95,964)(91,883)Shares withheld for employee taxes(4,607)(4,614)Contributions from noncontrolling interests1,413 725 Distributions to and redemptions of noncontrolling interests(3,133)(2,848)Net cash used in financing activities(10,018)(229,401)Decrease in cash, cash equivalents and restricted cash(12,740)(155,183)Cash, cash equivalents, and restricted cash at beginning of year135,443 260,004 Cash, cash equivalents, and restricted cash at end of period$122,703 $104,821 

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

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Table of Contents

Federal Realty OP LP

Consolidated Balance SheetsMarch 31,December 31,20252024 (In thousands, except unit data)(Unaudited)ASSETSReal estate, at costOperating (including $1,817,974 and $1,825,656 of consolidated variable interest entities, respectively)$10,521,108 $10,363,961 Construction-in-progress (including $18,161 and $9,939 of consolidated variable interest entities, respectively)561,101 539,752 11,082,209 10,903,713 Less accumulated depreciation and amortization (including $434,226 and $424,044 of consolidated variable interest entities, respectively)(3,220,113)(3,152,799)Net real estate7,862,096 7,750,914 Cash and cash equivalents109,224 123,409 Accounts and notes receivable, net220,262