Company: FRT-PC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000034903-25-000052
Chunk: 21

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 21
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 activities329,737 310,883 INVESTING ACTIVITIESAcquisition of real estate(120,413)(213,875)Capital expenditures - development and redevelopment(69,350)(68,616)Capital expenditures - other(55,257)(55,489)Proceeds from sale of real estate141,151 96,324 Distribution from partnerships in excess of earnings1,094 2,142 Leasing costs(13,547)(13,113)Net cash used in investing activities(116,322)(252,627)FINANCING ACTIVITIESNet borrowings under revolving credit facility17,600 81,800 Issuance of senior notes, net of costs— 471,507 Repayment of senior notes— (600,000)Costs to extend and issue notes and mortgages payable (4,818)(902)Repayment of mortgages, finance leases and notes payable(2,840)(1,640)Purchase of capped calls— (19,448)Issuance of common units, net of costs54,503 70,938 Distributions to common and preferred unit holders(192,498)(183,875)Shares withheld for employee taxes(4,675)(4,686)Contributions from noncontrolling interests1,413 725 Distributions to and acquisition/redemptions of noncontrolling interests(13,921)(18,862)Net cash used in financing activities(145,236)(204,443)Increase (decrease) in cash, cash equivalents and restricted cash68,179 (146,187)Cash, cash equivalents, and restricted cash at beginning of year135,443 260,004 Cash, cash equivalents, and restricted cash at end of period$203,622 $113,817 

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

12

Table of Contents

Federal Realty Investment Trust

Federal Realty OP LP

Notes to Consolidated Financial Statements

June 30, 2025 

(Unaudited)

NOTE 1—BUSINESS AND ORGANIZATION

Federal Realty Investment Trust (the "Parent Company" and the "Trust") is an equity real estate investment trust ("REIT").  Federal Realty OP LP (the "Operating Partnership") is the entity through which the Parent Company conducts substantially all of its operations and owns all of its assets. The Parent Company owns 100% of the limited liability company interests of, is sole member of and exercises exclusive