Company: FRT-PC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000034903-25-000052
Chunk: 15

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 15
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 of consolidated variable interest entities, respectively)$511,951 $514,378 Notes payable, net614,631 601,414 Senior notes and debentures, net3,360,925 3,357,840 Accounts payable and accrued expenses192,122 183,564 Dividends payable97,186 96,743 Security deposits payable34,032 30,941 Operating lease liabilities73,618 74,837 Finance lease liabilities12,842 12,783 Other liabilities and deferred credits225,196 227,827 Total liabilities5,122,503 5,100,327 Commitments and contingencies (Note 6)Redeemable noncontrolling interests181,191 180,286 Partner capitalPreferred units, 398,878 units issued and outstanding154,788 154,788 Common units, 86,261,214 and 85,666,220 units issued and outstanding, respectively3,091,329 3,012,066 Accumulated other comprehensive income2,912 4,740 Total partner capital3,249,029 3,171,594 Noncontrolling interests in consolidated partnerships71,071 72,550 Total capital3,320,100 3,244,144 TOTAL LIABILITIES AND CAPITAL$8,623,794 $8,524,757 

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

8

Table of Contents

Federal Realty OP LP

Consolidated Statements of Comprehensive Income

(Unaudited)

Three Months Ended June 30,Six Months Ended June 30, 2025202420252024 (In thousands, except per unit data)REVENUERental income$302,477 $287,095 $604,771 $571,081 Other property income8,769 8,680 15,354 15,739 Mortgage interest income277 277 552 555 Total revenue311,523 296,052 620,677 587,375 EXPENSESRental expenses61,609 58,891 129,413 120,550 Real estate taxes36,681 35,289 73,248 69,349 General and administrative11,925 12,092 22,800 24,098 Depreciation and amortization89,241 85,049