XML 23 R8.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Capital - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Increase (Decrease) in Partners' Capital [Roll Forward]        
Net Income, excluding amounts attributable to redeemable noncontrolling Interests $ 61,453 $ 62,675 $ 117,516 $ 115,668
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 950 2,025 (261) 5,597
Contributions from noncontrolling interests 927   927  
Accumulated Other Comprehensive Income (Loss)        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 950 2,025 (261) 5,597
Federal Realty OP LP        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 3,004,241 2,714,577 3,034,015 2,663,148
Net Income, excluding amounts attributable to redeemable noncontrolling Interests 61,453 62,675 117,516 115,668
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 950 2,025 (261) 5,597
Distributions declared to common unit holders (88,031) (84,977) (176,064) (169,173)
Distributions declared to preferred unit holders (2,008) (2,008) (4,016) (4,018)
Distributions declared to noncontrolling interests in consolidated partnerships, excluding amounts attributable to redeemable noncontrolling interests (1,154) (866) (2,202) (2,625)
Common units issued as a result of common stock issued by Parent Company, net of issuance costs (59) 176,703 6,192 259,452
Common units issued under dividend reinvestment plan 482 509 905 1,011
Share-based compensation expense, net of forfeitures 3,696 3,500 8,130 7,679
Common units withheld for employee taxes (66) (37) (4,711) (4,638)
Conversion of preferred units   0   0
Contributions from noncontrolling interests 927   927  
Adjustment to redeemable noncontrolling interests   4,326   4,326
Ending balance 2,980,431 2,876,427 2,980,431 2,876,427
Federal Realty OP LP | Preferred Units        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 154,788 154,963 154,788 154,963
Net Income, excluding amounts attributable to redeemable noncontrolling Interests 2,008 2,008 4,016 4,018
Distributions declared to preferred unit holders (2,008) (2,008) (4,016) (4,018)
Conversion of preferred units   (175)   (175)
Ending balance 154,788 154,788 154,788 154,788
Federal Realty OP LP | Common Units        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 2,765,892 2,477,270 2,793,467 2,427,686
Net Income, excluding amounts attributable to redeemable noncontrolling Interests 58,491 59,668 111,818 109,642
Distributions declared to common unit holders (88,031) (84,977) (176,064) (169,173)
Common units issued as a result of common stock issued by Parent Company, net of issuance costs (59) 176,703 6,192 259,452
Common units issued under dividend reinvestment plan 482 509 905 1,011
Share-based compensation expense, net of forfeitures 3,696 3,500 8,130 7,679
Common units withheld for employee taxes (66) (37) (4,711) (4,638)
Conversion of preferred units   175   175
Adjustment to redeemable noncontrolling interests   4,326   4,326
Ending balance 2,740,405 2,637,545 2,740,405 2,637,545
Federal Realty OP LP | Accumulated Other Comprehensive Income (Loss)        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 4,546 1,525 5,757 (2,047)
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 950 2,025 (261) 5,597
Ending balance 5,496 3,550 5,496 3,550
Federal Realty OP LP | Total Partner Capital        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 2,925,226 2,633,758 2,954,012 2,580,602
Net Income, excluding amounts attributable to redeemable noncontrolling Interests 60,499 61,676 115,834 113,660
Other comprehensive income (loss) - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests 950 2,025 (261) 5,597
Distributions declared to common unit holders (88,031) (84,977) (176,064) (169,173)
Distributions declared to preferred unit holders (2,008) (2,008) (4,016) (4,018)
Common units issued as a result of common stock issued by Parent Company, net of issuance costs (59) 176,703 6,192 259,452
Common units issued under dividend reinvestment plan 482 509 905 1,011
Share-based compensation expense, net of forfeitures 3,696 3,500 8,130 7,679
Common units withheld for employee taxes (66) (37) (4,711) (4,638)
Adjustment to redeemable noncontrolling interests   4,326   4,326
Ending balance 2,900,689 2,795,883 2,900,689 2,795,883
Federal Realty OP LP | Noncontrolling Interests in Consolidated Partnerships        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 79,015 80,819 80,003 82,546
Net Income, excluding amounts attributable to redeemable noncontrolling Interests 954 999 1,682 2,008
Distributions declared to noncontrolling interests in consolidated partnerships, excluding amounts attributable to redeemable noncontrolling interests (1,154) (866) (2,202) (2,625)
Contributions from noncontrolling interests 927   927  
Ending balance $ 79,742 80,544 79,742 80,544
Federal Realty OP LP | downREIT OP units        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Conversion and redemption of downREIT OP units   0 0 0
Federal Realty OP LP | downREIT OP units | Common Units        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Conversion and redemption of downREIT OP units   408 668 1,385
Federal Realty OP LP | downREIT OP units | Total Partner Capital        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Conversion and redemption of downREIT OP units   408 668 1,385
Federal Realty OP LP | downREIT OP units | Noncontrolling Interests in Consolidated Partnerships        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Conversion and redemption of downREIT OP units   $ (408) $ (668) $ (1,385)