Company: FRT-PC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000034903-25-000016
Chunk: 153

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 153
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380 $4.370 $4.340 $4.330 $4.300 $4.290 5.417% Series 1 Cumulative Convertible Preferred shares$1.354 $1.354 $1.354 $1.354 $1.354 $1.354 5.0% Series C Cumulative Redeemable Preferred shares (1)$1.250 $1.250 $1.250 $1.250 $1.250 $1.250 (1) Amount represents dividends per depositary share, each representing 1/1000th of a share.A summary of the income tax status of dividends per share paid is as follows: Year Ended December 31,202420232022Common sharesOrdinary dividend$3.583 $3.551 $3.518 Capital gain0.656 0.130 0.772 Return of capital0.131 0.649 — $4.370 $4.330 $4.290 5.417% Series 1 Cumulative Convertible Preferred sharesOrdinary dividend$1.151 $1.313 $1.110 Capital gain0.203 0.041 0.244 $1.354 $1.354 $1.354 5.0% Series C Cumulative Redeemable Preferred sharesOrdinary dividend$1.063 $1.213 1.025 Capital gain0.187 0.037 0.225 $1.250 $1.250 $1.250 On October 30, 2024, the Trustees declared a quarterly cash dividend of $1.10 per common share, payable January 15, 2025 to common shareholders of record on January 2, 2025.

NOTE 10— LEASES

At December 31, 2024, our 102 predominantly retail shopping center and mixed-use properties are located in 12 states and the District of Columbia. There are approximately 3,500 commercial leases and 3,100 residential leases. Our commercial tenants range from sole proprietorships to national retailers and corporations. At December 31, 2024, no one tenant or corporate group of tenants accounted for more than 2.6% of annualized base rent.Our leases with commercial property and residential tenants are classified as operating leases. Commercial property leases generally