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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income $ 57,731 $ 54,728
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 78,637 71,674
Gain on sale of real estate (1,702) 0
Income from partnerships (516) (197)
Straight-line rent (2,478) (4,962)
Share-based compensation expense 4,097 3,820
Other, net (1,277) (494)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable, net (466) (11,257)
Decrease (increase) in prepaid expenses and other assets 3,563 (4,577)
Increase (decrease) in accounts payable and accrued expenses 1,941 (5,419)
Increase (decrease) in security deposits and other liabilities 3,477 (247)
Net cash provided by operating activities 143,007 103,069
INVESTING ACTIVITIES    
Acquisition of real estate (35,340) 0
Capital expenditures - development and redevelopment (50,780) (66,610)
Capital expenditures - other (25,737) (18,409)
Proceeds from sale of real estate 12,626 874
Distribution from partnerships in excess of earnings 2,174 517
Leasing costs (3,754) (4,577)
Repayment of mortgage and other notes receivable, net 0 11
Net cash used in investing activities (100,811) (88,194)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility 60,000 0
Repayment of mortgages, finance leases and notes payable (819) (869)
Issuance of common shares, net of costs 6,245 82,819
Dividends paid to common and preferred shareholders (89,431) (85,684)
Shares withheld for employee taxes (4,645) (4,601)
Distributions to and redemptions of redeemable noncontrolling interests (2,616) (3,514)
Net cash used in financing activities (31,266) (11,849)
Increase in cash, cash equivalents and restricted cash 10,930 3,026
Cash, cash equivalents, and restricted cash at beginning of year 96,348 175,163
Cash, cash equivalents, and restricted cash at end of period 107,278 178,189
Federal Realty OP LP    
OPERATING ACTIVITIES    
Net income 57,731 54,728
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 78,637 71,674
Gain on sale of real estate (1,702) 0
Income from partnerships (516) (197)
Straight-line rent (2,478) (4,962)
Share-based compensation expense 4,097 3,820
Other, net (1,277) (494)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable, net (466) (11,257)
Decrease (increase) in prepaid expenses and other assets 3,563 (4,577)
Increase (decrease) in accounts payable and accrued expenses 1,941 (5,419)
Increase (decrease) in security deposits and other liabilities 3,477 (247)
Net cash provided by operating activities 143,007 103,069
INVESTING ACTIVITIES    
Acquisition of real estate (35,340) 0
Capital expenditures - development and redevelopment (50,780) (66,610)
Capital expenditures - other (25,737) (18,409)
Proceeds from sale of real estate 12,626 874
Distribution from partnerships in excess of earnings 2,174 517
Leasing costs (3,754) (4,577)
Repayment of mortgage and other notes receivable, net 0 11
Net cash used in investing activities (100,811) (88,194)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility 60,000 0
Repayment of mortgages, finance leases and notes payable (819) (869)
Issuance of common shares, net of costs 6,245 82,819
Dividends paid to common and preferred shareholders (89,431) (85,684)
Shares withheld for employee taxes (4,645) (4,601)
Distributions to and redemptions of redeemable noncontrolling interests (2,616) (3,514)
Net cash used in financing activities (31,266) (11,849)
Increase in cash, cash equivalents and restricted cash 10,930 3,026
Cash, cash equivalents, and restricted cash at beginning of year 96,348 175,163
Cash, cash equivalents, and restricted cash at end of period $ 107,278 $ 178,189