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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net income $ 180,127 $ 277,969
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 239,342 223,244
Gain on deconsolidation of VIE 0 (70,374)
Gain on sale of real estate (1,702) (29,723)
Income from partnerships (3,494) (4,878)
Straight-line rent (8,605) (14,414)
Share-based compensation expense 10,831 10,255
Other, net (3,891) (3,509)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Decrease (increase) in accounts receivable, net 10,486 (5,519)
(Increase) decrease in prepaid expenses and other assets (1,739) 1,361
Increase in accounts payable and accrued expenses 21,282 13,948
Increase in security deposits and other liabilities 578 10,933
Net cash provided by operating activities 443,215 409,293
INVESTING ACTIVITIES    
Acquisition of real estate (59,568) (429,990)
Capital expenditures - development and redevelopment (162,662) (213,881)
Capital expenditures - other (73,229) (70,004)
Costs associated with property sold under threat of condemnation (1,378) (2,915)
Proceeds from sale of real estate 12,626 66,682
Change in cash from deconsolidation of VIE 0 (4,192)
Investment in partnerships 0 (417)
Distribution from partnerships in excess of earnings 9,314 5,076
Leasing costs (13,741) (17,039)
Issuance of mortgage and other notes receivable, net 0 (3,471)
Net cash used in investing activities (288,638) (670,151)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility 50,500 267,000
Issuance of senior notes, net of costs 345,698 0
Repayment of senior notes (275,000) 0
Repayment of mortgages, finance leases, and notes payable (2,528) (18,644)
Issuance of common shares, net of costs 16,000 292,671
Dividends paid to common and preferred shareholders (268,658) (258,009)
Shares withheld for employee taxes (4,979) (4,886)
Contributions from noncontrolling interests 1,092 0
Distributions to and redemptions of redeemable noncontrolling interests (10,259) (33,801)
Net cash (used in) provided by financing activities (148,134) 244,331
Increase (decrease) in cash, cash equivalents and restricted cash 6,443 (16,527)
Cash, cash equivalents, and restricted cash at beginning of year 96,348 175,163
Cash, cash equivalents, and restricted cash at end of period 102,791 158,636
Federal Realty OP LP    
OPERATING ACTIVITIES    
Net income 180,127 277,969
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 239,342 223,244
Gain on deconsolidation of VIE 0 (70,374)
Gain on sale of real estate (1,702) (29,723)
Income from partnerships (3,494) (4,878)
Straight-line rent (8,605) (14,414)
Share-based compensation expense 10,831 10,255
Other, net (3,891) (3,509)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Decrease (increase) in accounts receivable, net 10,486 (5,519)
(Increase) decrease in prepaid expenses and other assets (1,739) 1,361
Increase in accounts payable and accrued expenses 21,282 13,948
Increase in security deposits and other liabilities 578 10,933
Net cash provided by operating activities 443,215 409,293
INVESTING ACTIVITIES    
Acquisition of real estate (59,568) (429,990)
Capital expenditures - development and redevelopment (162,662) (213,881)
Capital expenditures - other (73,229) (70,004)
Costs associated with property sold under threat of condemnation (1,378) (2,915)
Proceeds from sale of real estate 12,626 66,682
Change in cash from deconsolidation of VIE 0 (4,192)
Investment in partnerships 0 (417)
Distribution from partnerships in excess of earnings 9,314 5,076
Leasing costs (13,741) (17,039)
Issuance of mortgage and other notes receivable, net 0 (3,471)
Net cash used in investing activities (288,638) (670,151)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility 50,500 267,000
Issuance of senior notes, net of costs 345,698 0
Repayment of senior notes (275,000) 0
Repayment of mortgages, finance leases, and notes payable (2,528) (18,644)
Issuance of common shares, net of costs 16,000 292,671
Dividends paid to common and preferred shareholders (268,658) (258,009)
Shares withheld for employee taxes (4,979) (4,886)
Contributions from noncontrolling interests 1,092 0
Distributions to and redemptions of redeemable noncontrolling interests (10,259) (33,801)
Net cash (used in) provided by financing activities (148,134) 244,331
Increase (decrease) in cash, cash equivalents and restricted cash 6,443 (16,527)
Cash, cash equivalents, and restricted cash at beginning of year 96,348 175,163
Cash, cash equivalents, and restricted cash at end of period $ 102,791 $ 158,636