Company: FRT-PC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000034903-25-000052
Chunk: 6

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 6
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Table of Contents

Federal Realty Investment Trust

Consolidated Balance SheetsJune 30,December 31,20252024 (In thousands, except share and per share data)(Unaudited)ASSETSReal estate, at costOperating (including $1,824,341 and $1,825,656 of consolidated variable interest entities, respectively)$10,721,587 $10,363,961 Construction-in-progress (including $20,665 and $9,939 of consolidated variable interest entities, respectively)324,435 539,752 11,046,022 10,903,713 Less accumulated depreciation and amortization (including $445,556 and $424,044 of consolidated variable interest entities, respectively)(3,250,219)(3,152,799)Net real estate7,795,803 7,750,914 Cash and cash equivalents177,003 123,409 Accounts and notes receivable, net225,936 229,080 Mortgage notes receivable, net9,118 9,144 Investment in partnerships33,133 33,458 Operating lease right of use assets, net84,517 85,806 Finance lease right of use assets, net6,520 6,630 Prepaid expenses and other assets291,764 286,316 TOTAL ASSETS$8,623,794 $8,524,757 LIABILITIES AND SHAREHOLDERS’ EQUITYLiabilitiesMortgages payable, net (including $184,155 and $186,643 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 Shareholders’ equityPreferred shares, authorized 15,000,000 shares, $.01 par: