Company: FRT-PC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000034903-25-000037
Chunk: 19

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 19
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 this ASU on our consolidated financial statements.Issued 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.

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Table of Contents

Consolidated Statements of Cash Flows—Supplemental DisclosuresThe following tables provide supplemental disclosures related to the Consolidated Statements of Cash Flows:Three Months Ended March 31, 20252024 (In thousands)SUPPLEMENTAL DISCLOSURES:Total interest costs incurred$47,325 $48,999 Interest capitalized(4,850)(5,306)Interest expense$42,475 $43,693 Cash paid for interest, net of amounts capitalized$34,997 $39,199 Cash paid (refunded) for income taxes$11 $(5)NON-CASH INVESTING AND FINANCING TRANSACTIONS:Shares issued under dividend reinvestment plan$396 $420 DownREIT operating partnership units redeemed for common shares$103 $366  March 31,December 31,20252024 (In thousands)RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:Cash and cash equivalents$109,224 $123,409 Restricted cash (1)13,479 12,034 Total cash, cash equivalents, and restricted cash$122,703 $135,443 (1)Restricted cash balances are included in "prepaid expenses and other assets"