XML 20 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUE    
Rental income $ 272,798 $ 256,507
Mortgage interest income 261 264
Total revenue 273,059 256,771
EXPENSES    
Rental expenses 55,205 56,211
Real estate taxes 32,566 30,560
General and administrative 12,545 12,342
Depreciation and amortization 78,637 71,674
Total operating expenses 178,953 170,787
Gain on sale of real estate 1,702 0
OPERATING INCOME 95,808 85,984
OTHER INCOME/(EXPENSE)    
Other interest income 632 120
Interest expense (39,225) (31,573)
Income from partnerships 516 197
NET INCOME 57,731 54,728
Net income attributable to noncontrolling interests (2,396) (2,744)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 55,335 51,984
Dividends on preferred shares (2,008) (2,010)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 53,327 $ 49,974
EARNINGS PER COMMON SHARE, BASIC:    
Net income available for common shareholders $ 0.65 $ 0.63
Weighted average number of common shares 81,141 78,446
EARNINGS PER COMMON SHARE, DILUTED:    
Net income available for common shareholders $ 0.65 $ 0.63
Weighted average number of common shares 81,141 78,543
COMPREHENSIVE INCOME    
COMPREHENSIVE INCOME $ 56,395 $ 58,644
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 54,124 55,556
Federal Realty OP LP    
REVENUE    
Rental income 272,798 256,507
Mortgage interest income 261 264
Total revenue 273,059 256,771
EXPENSES    
Rental expenses 55,205 56,211
Real estate taxes 32,566 30,560
General and administrative 12,545 12,342
Depreciation and amortization 78,637 71,674
Total operating expenses 178,953 170,787
Gain on sale of real estate 1,702 0
OPERATING INCOME 95,808 85,984
OTHER INCOME/(EXPENSE)    
Other interest income 632 120
Interest expense (39,225) (31,573)
Income from partnerships 516 197
NET INCOME 57,731 54,728
Net income attributable to noncontrolling interests (2,396) (2,744)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 55,335 51,984
Distributions declared to preferred unit holders (2,008) (2,010)
NET INCOME AVAILABLE FOR COMMON UNIT HOLDERS $ 53,327 $ 49,974
EARNINGS PER COMMON UNIT, BASIC:    
Net income available for common unit holders $ 0.65 $ 0.63
Weighted average common units outstanding 81,141 78,446
EARNINGS PER COMMON UNIT, DILUTED:    
Net income available for common unit holders $ 0.65 $ 0.63
Weighted average common units outstanding 81,141 78,543
COMPREHENSIVE INCOME    
COMPREHENSIVE INCOME $ 56,395 $ 58,644
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP $ 54,124 $ 55,556