Company: FRT-PC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000034903-25-000016
Chunk: 117

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 117
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793 Other property income31,258 29,602 25,499 Mortgage interest income1,116 1,113 1,086 Total revenue1,202,452 1,132,154 1,074,378 EXPENSESRental expenses249,569 231,666 228,958 Real estate taxes142,230 131,429 127,824 General and administrative49,739 50,707 52,636 Depreciation and amortization342,598 321,763 302,409 Total operating expenses784,136 735,565 711,827 Gain on deconsolidation of VIE— — 70,374 Gain on sale of real estate54,040 9,881 93,483 OPERATING INCOME472,356 406,470 526,408 OTHER INCOME/(EXPENSE)Other interest income4,294 4,687 1,072 Interest expense(175,476)(167,809)(136,989)Income from partnerships3,160 3,869 5,170 NET INCOME304,334 247,217 395,661 Net income attributable to noncontrolling interests(9,126)(10,232)(10,170)NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP295,208 236,985 385,491 Dividends on preferred units(8,032)(8,032)(8,034)NET INCOME AVAILABLE FOR COMMON UNIT HOLDERS$287,176 $228,953 $377,457 EARNINGS PER COMMON UNIT, BASIC Net income available for common unit holders$3.42 $2.80 $4.71 Weighted average number of common units83,559 81,313 79,854 EARNINGS PER COMMON UNIT, DILUTEDNet income available for common unit holders$3.42 $2.80 $4.71 Weighted average number of common units83,566 81,313 80,508 NET INCOME$304,334 $247,217 $395,661 Other comprehensive income (loss) - change in value of interest rate swaps711 (1,824)8,569 COMPREHENSIVE INCOME305,045 245,393 404,230 Comprehensive income attributable to noncontrolling interests(