Company: FRT-PC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000034903-25-000052
Chunk: 20

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 20
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)(1,890)Common units issued as a result of common stock issued by Parent Company, net of issuance costs— 70,930 — 70,930 — 70,930 Common units issued under dividend reinvestment plan— 847 — 847 — 847 Share-based compensation expense, net of forfeitures— 8,175 — 8,175 — 8,175 Common units withheld for employee taxes— (4,686)— (4,686)— (4,686)Conversion and redemption of downREIT OP units— 427 — 427 (712)(285)Purchase of noncontrolling interest— (10,264)— (10,264)(2,094)(12,358)Contributions from noncontrolling interests— — — — 725 725 Purchase of capped calls— (19,448)— (19,448)— (19,448)BALANCE AT JUNE 30, 2024$154,788 $2,833,788 $7,042 $2,995,618 $75,195 $3,070,813 

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

11

Table of Contents

Federal Realty OP LP

Consolidated Statements of Cash Flows 

(Unaudited)Six Months Ended June 30, 20252024 (In thousands)OPERATING ACTIVITIESNet income$226,534 $172,671 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization176,187 168,453 Gain on sale of real estate(77,672)(52,280)Income from partnerships(1,082)(937)New market tax credit transaction income(14,176)— Straight-line rent(13,844)(10,686)Share-based compensation expense7,464 7,639 Other, net(1,163)(990)Changes in assets and liabilities, net of effects of acquisitions and dispositions:Decrease in accounts receivable, net14,709 16,294 Decrease in prepaid expenses and other assets15,333 15,084 (Decrease) increase in accounts payable and accrued expenses(3,805)1,383 Increase (decrease) in security deposits and other liabilities1,252 (5,748)Net cash provided by operating