Company: FRT-PC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000034903-25-000052
Chunk: 87

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 87
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•a $64.2 million decrease in net borrowings on our revolving credit facility to $17.6 million of net borrowings during the six months ended June 30, 2025, as compared to $81.8 million of net borrowings during the six months ended June 30, 2024, 

•a $16.4 million decrease in net proceeds from the issuance of common shares under our ATM program, and

•an $8.6 million increase in dividends paid to common and preferred shareholders due to an increase in the number of outstanding shares, as well as an increase to the common share dividend rate.

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Table of Contents

Debt Financing Arrangements

The following is a summary of our total debt outstanding as of June 30, 2025:

Description of DebtOriginalDebtIssuedPrincipal Balance as of June 30, 2025Stated Interest Rate as ofJune 30, 2025Maturity Date (Dollars in thousands)  Mortgages payableSecured fixed rateAzaleaAcquired$40,000 3.73 %November 1, 2025Bethesda Row (1)200,000200,000 SOFR + 0.95%December 28, 2025Bell GardensAcquired11,051 4.06 %August 1, 2026Plaza El Segundo125,000125,000 3.83 %June 5, 2027The Grove at Shrewsbury (East)43,60043,600 3.77 %September 1, 2027Brook 3511,50011,500 4.65 %July 1, 2029Hoboken (24 Buildings) (2)56,45051,346 SOFR + 1.95%December 15, 2029Various Hoboken (13 Buildings) (3)Acquired27,175 VariousVarious through 2029ChelseaAcquired3,332 5.36 %January 15, 2031Subtotal513,004 Net unamortized debt issuance costs and discount(1,053)Total mortgages payable, net511,951 Notes payableRevolving credit facility (4)(5)(6)17,600 SOFR + 0.775%April 5, 2027Term loan (4)(5)600,000600,