Company: FRT-PC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000034903-25-000016
Chunk: 136

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 136
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 15, 2025, and interim periods within those fiscal years.We are assessing the impact of this ASU on our consolidated financial statements.

F-23

StandardDescriptionEffect on the financial statements or significant mattersIssued in 2023:ASU 2023-06, October 2023, Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosure Update and Simplification InitiativeThis ASU amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standard Codification (the "Codification"). The new guidance is intended to align U.S. GAAP requirements with those of the SEC and to facilitate the application of U.S. GAAP for all entities. These disclosure requirements are currently included in either SEC Regulation S-X or SEC Regulation S-K.The effective date for each amendment will be the date on which the SEC's removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective. Early adoption is prohibited and the amendments should be applied prospectively. If the SEC has not removed the applicable requirement from Regulation S-X or Regulation S-K by June 30, 2027, the amendments will be removed from the Codification and will not be effective.We do not expect this ASU to have a material impact on our consolidated financial statements.Consolidated Statements of Cash Flows—Supplemental DisclosuresThe following table provides supplemental disclosures related to the Consolidated Statements of Cash Flows: Year Ended December 31, 202420232022 (In thousands)SUPPLEMENTAL DISCLOSURES:Total interest costs incurred$195,958 $190,409 $155,659 Interest capitalized(20,482)(22,600)(18,670)Interest expense$175,476 $167,809 $136,989 Cash paid for interest, net of amounts capitalized$169,333 $158,796 $130,912 Cash paid for income taxes$177 $284 $624 NON-CASH INVESTING AND FINANCING TRANSACTIONS:DownREIT operating partnership units redeemed for common shares$1,715 $883 $1,385 Shares issued under dividend reinvestment plan$1,670 $1,704 $1,718 5.417% Series 1 Cumulative Convertible Preferred Shares redeemed for common shares$— $— $175  December 31,20242023 (In thousands)RECONCILI