Company: FRT-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000034903-25-000063
Chunk: 34

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 34
---
 ended September 30, 2025 and 2024, and•the issuance of 0.5 million shares and units issuable under common share forward sales agreements for the period they were outstanding during the nine months ended September 30, 2025, and 0.7 million for the three and nine months ended September 30, 2024.The exchange of common shares and units related to the 3.25% Exchangeable Senior Notes due 2029 for both the three and nine months ended September 30, 2025 and 2024, did not have a dilutive effect on the diluted EPS and EPU calculations.Federal Realty Investment Trust Earnings per ShareThree Months EndedNine Months EndedSeptember 30,September 30, 2025202420252024 (In thousands, except per share data)NUMERATORNet income$64,499 $63,461 $291,033 $236,132 Less: Preferred share dividends(2,008)(2,008)(6,024)(6,024)Less: Income from operations attributable to noncontrolling interests(2,850)(2,508)(9,700)(6,461)Less: Earnings allocated to unvested shares(324)(325)(964)(988)Net income available for common shareholders, basic and diluted$59,317 $58,620 $274,345 $222,659 DENOMINATORWeighted average common shares outstanding, basic and diluted85,978 83,994 85,808 83,180 EARNINGS PER COMMON SHARE, BASIC AND DILUTED:Net income available for common shareholders$0.69 $0.70 $3.20 $2.68 

20

Table of Contents

Federal Realty OP LP Earnings per UnitThree Months EndedNine Months EndedSeptember 30,September 30, 2025202420252024 (In thousands, except per unit data)NUMERATORNet income$64,499 $63,461 $291,033 $236,132 Less: Preferred unit distributions(2,008)(2,008)(6,024)(6,024)Less: Income from operations attributable to noncontrolling interests(2,850)(2,508)(9,700)(6,461)Less: Earnings allocated to unvested units(324)(325)(964)(988)Net income available for common unit holders