Company: FRT-PC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000034903-25-000037
Chunk: 5

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 5
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Table of Contents

Federal Realty Investment Trust

Consolidated Balance SheetsMarch 31,December 31,20252024 (In thousands, except share and per share data)(Unaudited)ASSETSReal estate, at costOperating (including $1,817,974 and $1,825,656 of consolidated variable interest entities, respectively)$10,521,108 $10,363,961 Construction-in-progress (including $18,161 and $9,939 of consolidated variable interest entities, respectively)561,101 539,752 11,082,209 10,903,713 Less accumulated depreciation and amortization (including $434,226 and $424,044 of consolidated variable interest entities, respectively)(3,220,113)(3,152,799)Net real estate7,862,096 7,750,914 Cash and cash equivalents109,224 123,409 Accounts and notes receivable, net220,262 229,080 Mortgage notes receivable, net9,131 9,144 Investment in partnerships32,888 33,458 Operating lease right of use assets, net85,165 85,806 Finance lease right of use assets, net6,575 6,630 Prepaid expenses and other assets296,509 286,316 TOTAL ASSETS$8,621,850 $8,524,757 LIABILITIES AND SHAREHOLDERS’ EQUITYLiabilitiesMortgages payable, net (including $184,813 and $186,643 of consolidated variable interest entities, respectively)$512,579 $514,378 Notes payable, net641,331 601,414 Senior notes and debentures, net3,359,383 3,357,840 Accounts payable and accrued expenses197,422 183,564 Dividends payable97,265 96,743 Security deposits payable34,194 30,941 Operating lease liabilities74,230 74,837 Finance lease liabilities12,812 12,783 Other liabilities and deferred credits247,029 227,827 Total liabilities5,176,245 5,100,327 Commitments and contingencies (Note 6)Redeemable noncontrolling interests181,339 180,286 Shareholders’ equityPreferred shares, authorized 15,000,000 shares, $.01 par: