Schedule III Part II - Summary of Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Summary of Real Estate and Accumulated Depreciation

FEDERAL REALTY INVESTMENT TRUST AND FEDERAL REALTY OP LP
SCHEDULE III
SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023
(Dollars in thousands)
COLUMN A	COLUMN B	COLUMN C				COLUMN D		COLUMN E						COLUMN F		COLUMN G	COLUMN H	COLUMN I
Descriptions	Encumbrance	Initial cost to company				Cost Capitalized Subsequent to Acquisition		Gross amount at which carried at close of period						Accumulated Depreciation and Amortization		Date of Construction	Date Acquired	Life on  which depreciation in latest income statements is computed
		Land		Building and Improvements				Land		Building and Improvements		Total
29TH PLACE (Virginia)		$	10,211	$	18,863	$	11,795	$	10,195	$	30,674	$	40,869	$	17,699	1975 - 2001	5/30/2007	(1)
ANDORRA (Pennsylvania)		2,432		12,346		19,203		2,432		31,549		33,981		23,774		1953	1/12/1988	(1)
ASSEMBLY ROW/ASSEMBLY SQUARE MARKETPLACE (Massachusetts)		93,252		34,196		1,001,514		69,421		1,059,541		1,128,962		166,961		2005, 2012-2023	2005-2013	(1)
AZALEA (California)	39,902	40,219		67,117		2,016		40,219		69,133		109,352		15,771		2014	8/2/2017	(1)
BALA CYNWYD (Pennsylvania)		3,565		14,466		58,798		2,683		74,146		76,829		33,085		1955/2020	9/22/1993	(1)
BARCROFT PLAZA (Virginia)		12,617		29,603		9,299		12,617		38,902		51,519		10,202		1963, 1972, 1990, & 2000	1/13/16 & 11/7/16	(1)
BARRACKS ROAD (Virginia)		4,363		16,459		54,834		4,363		71,293		75,656		52,383		1958	12/31/1985	(1)
BELL GARDENS (California)	11,386	24,406		85,947		8,906		24,406		94,853		119,259		27,185		1990, 2003, 2006	8/2/17 & 11/29/18	(1)
BETHESDA ROW (Maryland)	199,151	46,579		35,406		183,832		44,350		221,467		265,817		110,714		1945-2008	12/31/93, 6/2/97, 1/20/06, 9/25/08, 9/30/08, & 12/27/10	(1)
BIRCH & BROAD (Virginia)		1,798		1,270		23,021		1,819		24,270		26,089		11,743		1960/1962	9/30/67 & 10/05/72	(1)
BRICK PLAZA (New Jersey)		—		24,715		82,586		4,385		102,916		107,301		68,415		1958	12/28/1989	(1)
BRISTOL PLAZA (Connecticut)		3,856		15,959		17,177		3,856		33,136		36,992		23,331		1959	9/22/1995	(1)
BROOK 35 (New Jersey)	11,386	7,128		38,355		5,993		7,128		44,348		51,476		13,704		1986/2004	1/1/2014	(1)
CAMELBACK COLONNADE (Arizona)		52,658		126,646		1,230		52,658		127,876		180,534		11,743		1977/2019	6/14/2021	(1)
CAMPUS PLAZA (Massachusetts)		16,710		13,412		1,010		16,710		14,422		31,132		4,284		1970	1/13/2016	(1)
CHELSEA COMMONS (Massachusetts)	3,894	8,689		19,466		9,951		8,669		29,437		38,106		11,045		1962/1969/ 2008	8/25/06, 1/30/07, & 7/16/08	(1)
CHESTERBROOK (Virginia)		13,042		24,725		8,566		13,042		33,291		46,333		2,436		1967/1991	4/30/21	(1)

FEDERAL REALTY INVESTMENT TRUST AND FEDERAL REALTY OP LP
SCHEDULE III
SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023
(Dollars in thousands)
COLUMN A	COLUMN B	COLUMN C		COLUMN D	COLUMN E			COLUMN F	COLUMN G	COLUMN H	COLUMN I
Descriptions	Encumbrance	Initial cost to company		Cost Capitalized Subsequent to Acquisition	Gross amount at which carried at close of period			Accumulated Depreciation and Amortization	Date of Construction	Date Acquired	Life on  which depreciation in latest income statements is computed
		Land	Building and Improvements		Land	Building and Improvements	Total
COCOWALK (Florida)		32,513	71,536	100,055	48,943	155,161	204,104	28,093	1990/1994, 1922-1973, 2018-2021	5/4/15, 7/1/15, 12/16/15, 7/26/16, 6/30/17, & 8/10/17	(1)
COLORADO BLVD (California)		2,415	3,964	7,604	2,415	11,568	13,983	10,299	1905-1988	8/14/98	(1)
CONGRESSIONAL PLAZA (Maryland)		2,793	7,424	99,752	2,793	107,176	109,969	70,269	1965/2003/ 2016	4/1/1965	(1)
COURTHOUSE CENTER (Maryland)		1,750	1,869	3,717	1,750	5,586	7,336	3,775	1975	12/17/1997	(1)
CROSSROADS (Illinois)		4,635	11,611	20,464	4,635	32,075	36,710	24,647	1959	7/19/1993	(1)
CROW CANYON COMMONS (California)		27,245	54,575	10,416	27,245	64,991	92,236	34,787	Late 1970's/ 1998/2006	12/29/05 & 2/28/07	(1)
DARIEN COMMONS (Connecticut)		30,368	19,523	99,046	30,368	118,569	148,937	7,299	1920-2009/2022-2023	4/3/13 & 7/20/18	(1)
DEDHAM PLAZA (Massachusetts)		16,354	13,413	22,389	16,354	35,802	52,156	21,373	1959	12/31/93, 12/14/16, 1/29/19, & 3/12/19	(1)
DEL MAR VILLAGE (Florida)		15,624	41,712	18,446	15,587	60,195	75,782	32,157	1982/1994/ 2007	5/30/08, 7/11/08, & 10/14/14	(1)
EAST BAY BRIDGE (California)		29,069	138,035	12,975	29,069	151,010	180,079	56,523	1994-2001, 2011/2012	12/21/2012	(1)
ELLISBURG (New Jersey)		4,028	11,309	23,327	4,013	34,651	38,664	24,486	1959	10/16/1992	(1)
ESCONDIDO PROMENADE (California)		29,281	105,736	182	29,281	105,918	135,199	5,809	1987	5/26/2023	(1)
FAIRFAX JUNCTION (Virgina)		16,768	23,825	5,648	16,768	29,473	46,241	5,174	1981/1986/ 2000	2/8/19 & 1/10/20	(1)
FEDERAL PLAZA (Maryland)		10,216	17,895	45,417	10,216	63,312	73,528	53,555	1970	6/29/1989	(1)
FINLEY SQUARE (Illinois)		9,252	9,544	20,918	9,252	30,462	39,714	24,206	1974	4/27/1995	(1)
FLOURTOWN (Pennsylvania)		1,345	3,943	14,365	1,507	18,146	19,653	8,780	1957	4/25/1980	(1)
FOURTH STREET (California)		13,978	9,909	3,995	13,978	13,904	27,882	4,572	1948,1975	5/19/2017	(1)
FREEDOM PLAZA (California)		—	3,255	40,950	—	44,205	44,205	4,262	2018-2020	6/15/2018	(1)

FEDERAL REALTY INVESTMENT TRUST AND FEDERAL REALTY OP LP
SCHEDULE III
SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023
(Dollars in thousands)
COLUMN A	COLUMN B	COLUMN C		COLUMN D	COLUMN E			COLUMN F	COLUMN G	COLUMN H	COLUMN I
Descriptions	Encumbrance	Initial cost to company		Cost Capitalized Subsequent to Acquisition	Gross amount at which carried at close of period			Accumulated Depreciation and Amortization	Date of Construction	Date Acquired	Life on  which depreciation in latest income statements is computed
		Land	Building and Improvements		Land	Building and Improvements	Total
FRESH MEADOWS (New York)		24,625	25,255	46,717	24,633	71,964	96,597	51,580	1946-1949	12/5/1997	(1)
FRIENDSHIP CENTER (District of Columbia)		12,696	20,803	3,757	12,696	24,560	37,256	14,997	1998	9/21/2001	(1)
GAITHERSBURG SQUARE (Maryland)		7,701	5,271	26,720	5,973	33,719	39,692	21,815	1966	4/22/1993	(1)
GARDEN MARKET (Illinois)		2,677	4,829	8,580	2,677	13,409	16,086	10,515	1958	7/28/1994	(1)
GEORGETOWNE SHOPPING CENTER (New York)		32,202	49,586	4,766	32,202	54,352	86,554	7,562	1969/2006/ 2015	11/15/19	(1)
GOVERNOR PLAZA (Maryland)		2,068	4,905	28,024	2,068	32,929	34,997	23,482	1963	10/1/1985	(1)
GRAHAM PARK PLAZA (Virginia)		642	7,629	19,114	653	26,732	27,385	19,363	1971	7/21/1983	(1)
GRATIOT PLAZA (Michigan)		525	1,601	17,836	525	19,437	19,962	18,005	1964	3/29/1973	(1)
GREENLAWN PLAZA (New York)		10,590	20,869	2,376	10,917	22,918	33,835	6,543	1975/2004	1/13/2016	(1)
GREENWICH AVENUE (Connecticut)		7,484	5,445	10,819	7,484	16,264	23,748	7,513	1968	4/12/1995	(1)
GROSSMONT CENTER (California)		125,434	50,311	1,194	125,434	51,505	176,939	9,032	1961, 1963, 1982-1983, 2002	6/1/2021	(1)
HASTINGS RANCH PLAZA (California)		2,257	22,393	1,071	2,257	23,464	25,721	5,442	1958, 1984, 2006, 2007	2/1/2017	(1)
HAUPPAUGE (New York)		8,791	15,262	15,278	8,519	30,812	39,331	16,713	1963	8/6/1998	(1)
HILTON VILLAGE (Arizona)		—	85,431	988	—	86,419	86,419	6,030	1982/1989	6/14/21 & 7/18/22	(1)
HOBOKEN (New Jersey)	83,245	56,866	167,835	3,580	56,872	171,409	228,281	22,079	1887-2006	9/18/19, 11/26/19, 12/19/19, 2/12/20, & 11/18/22	(1)
HOLLYWOOD BLVD (California)		8,300	16,920	36,825	8,370	53,675	62,045	24,913	1929/1991	3/22/99 & 6/18/99	(1)
HUNTINGTON (New York)		12,194	16,008	77,609	12,294	93,517	105,811	19,214	1962/2022-2023	12/12/88, 10/26/07, & 11/24/15	(1)
HUNTINGTON SQUARE (New York)		12,026	33,509	5,142	12,537	38,140	50,677	7,230	1980/2004- 2007/2019	8/16/2010 & 1/31/2023	(1)
IDYLWOOD PLAZA (Virginia)		4,308	10,026	3,761	4,308	13,787	18,095	11,137	1991	4/15/1994	(1)

FEDERAL REALTY INVESTMENT TRUST AND FEDERAL REALTY OP LP
SCHEDULE III
SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023
(Dollars in thousands)
COLUMN A	COLUMN B	COLUMN C		COLUMN D	COLUMN E			COLUMN F	COLUMN G	COLUMN H	COLUMN I
Descriptions	Encumbrance	Initial cost to company		Cost Capitalized Subsequent to Acquisition	Gross amount at which carried at close of period			Accumulated Depreciation and Amortization	Date of Construction	Date Acquired	Life on  which depreciation in latest income statements is computed
		Land	Building and Improvements		Land	Building and Improvements	Total
KINGS COURT (California)		—	10,714	901	—	11,615	11,615	11,361	1960	8/24/1998	(1)
KINGSTOWNE TOWNE CENTER (Virginia)		72,234	137,466	1,523	72,234	138,989	211,223	8,021	1996/2001/ 2006	4/20/22 & 7/27/22	(1)
LANCASTER (Pennsylvania)		—	2,103	6,693	432	8,364	8,796	6,705	1958	4/24/1980	(1)
LANGHORNE SQUARE (Pennsylvania)		720	2,974	21,264	720	24,238	24,958	19,250	1966	1/31/1985	(1)
LAUREL (Maryland)		7,458	22,525	31,628	7,551	54,060	61,611	45,960	1956	8/15/1986	(1)
LAWRENCE PARK (Pennsylvania)		6,150	8,491	50,304	6,161	58,784	64,945	27,813	1972	7/23/1980 & 4/3/17	(1)
LINDEN SQUARE (Massachusetts)		79,382	19,247	59,687	79,346	78,970	158,316	36,551	1960-2008	8/24/2006	(1)
MELVILLE MALL (New York)		35,622	32,882	36,638	35,622	69,520	105,142	27,995	1974	10/16/2006	(1)
MERCER ON ONE (FORMERLY KNOWN AS MERCER MALL) (New Jersey)		19,152	44,384	52,891	19,102	97,325	116,427	43,920	1975	10/14/03, 1/31/17, & 10/12/2023	(1)
MONTROSE CROSSING (Maryland)		48,624	91,819	32,056	48,624	123,875	172,499	48,448	1960s, 1970s, 1996 & 2011	12/27/11 & 12/19/13	(1)
MOUNT VERNON/SOUTH VALLEY/7770 RICHMOND HWY. (Virginia)		15,769	33,501	46,133	15,851	79,552	95,403	50,467	1966/1972/ 1987/2001	3/31/03, 3/21/03, 1/27/06 & 1/4/21	(1)
NORTH DARTMOUTH (Massachusetts)		9,366	—	3	9,366	3	9,369	2	2004	8/24/2006	(1)
NORTHEAST (Pennsylvania)		938	8,779	25,941	939	34,719	35,658	23,769	1959	8/30/1983	(1)
OLD KEENE MILL (Virginia)		638	998	13,047	638	14,045	14,683	7,614	1968	6/15/1976	(1)
OLD TOWN CENTER (California)		3,420	2,765	37,064	3,420	39,829	43,249	26,408	1962, 1997-1998	10/22/1997	(1)
OLIVO AT MISSION HILLS (California)		15,048	46,732	21,130	15,048	67,862	82,910	10,589	2017-2018	8/2/2017	(1)
PAN AM (Virginia)		8,694	12,929	10,707	8,695	23,635	32,330	18,863	1979	2/5/1993	(1)
PERRING PLAZA (Maryland)		2,800	6,461	28,432	2,800	34,893	37,693	25,530	1963	10/1/1985	(1)
PIKE & ROSE (Maryland)		31,471	10,335	820,583	33,716	828,673	862,389	124,714	1963, 2012-2023	5/18/82, 10/26/07, & 7/31/12	(1)

FEDERAL REALTY INVESTMENT TRUST AND FEDERAL REALTY OP LP
SCHEDULE III
SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023
(Dollars in thousands)
COLUMN A	COLUMN B	COLUMN C		COLUMN D	COLUMN E			COLUMN F	COLUMN G	COLUMN H	COLUMN I
Descriptions	Encumbrance	Initial cost to company		Cost Capitalized Subsequent to Acquisition	Gross amount at which carried at close of period			Accumulated Depreciation and Amortization	Date of Construction	Date Acquired	Life on  which depreciation in latest income statements is computed
		Land	Building and Improvements		Land	Building and Improvements	Total
PIKE 7 PLAZA (Virginia)		14,970	22,799	18,105	14,914	40,960	55,874	23,250	1968	3/31/97 & 7/8/15	(1)
PLAZA DEL MERCADO (Maryland)		10,305	21,553	14,913	10,305	36,466	46,771	11,427	1969	1/13/2016	(1)
PLAZA DEL SOL (California)		5,605	12,331	(19)	5,605	12,312	17,917	2,595	2009	8/2/2017	(1)
PLAZA EL SEGUNDO/THE POINT (California)	124,706	62,127	153,556	93,766	64,463	244,986	309,449	83,364	2006/2007/ 2016	12/30/11, 6/14/13, 7/26/13, & 12/27/13	(1)
QUEEN ANNE PLAZA (Massachusetts)		3,319	8,457	7,886	3,319	16,343	19,662	12,380	1967	12/23/1994	(1)
QUINCE ORCHARD (Maryland)		3,197	7,949	29,972	2,928	38,190	41,118	27,989	1975	4/22/1993	(1)
RIVERPOINT CENTER (Illinois)		15,422	104,572	2,603	15,422	107,175	122,597	23,045	1989, 2012	3/31/2017	(1)
SAN ANTONIO CENTER (California)		26,400	18,462	7,232	26,400	25,694	52,094	7,252	1958, 1964-1965, 1974-1975, 1995-1997	1/9/2015, 9/13/19	(1)
SANTANA ROW (California)		66,682	7,502	1,241,432	57,592	1,258,024	1,315,616	323,191	1999-2006, 2009, 2011, 2014, 2016-2023	3/5/97, 7/13/12, 9/6/12, 4/30/13 & 9/23/13	(1)
SHOPS AT PEMBROKE GARDENS (Florida)		39,506	141,356	650	39,506	142,006	181,512	8,087	2007	7/27/2022	(1)
SYLMAR TOWNE CENTER (California)		18,522	24,637	3,420	18,522	28,057	46,579	5,567	1973	8/2/2017	(1)
THE AVENUE AT WHITE MARSH (Maryland)		20,682	72,432	40,410	20,685	112,839	133,524	53,760	1997	3/8/2007	(1)
THE GROVE AT SHREWSBURY (New Jersey)	43,266	18,016	103,115	10,581	18,021	113,691	131,712	35,803	1988/1993/ 2007	1/1/2014 & 10/6/14	(1)
THE SHOPPES AT NOTTINGHAM SQUARE (Maryland)		4,441	12,849	2,227	4,441	15,076	19,517	7,936	2005 - 2006	3/8/2007	(1)
THIRD STREET PROMENADE (California)		17,161	12,051	51,169	19,642	60,739	80,381	36,598	1888-2000	1996-2000	(1)
TOWER SHOPPNG CENTER (Virginia)		7,170	10,518	8,565	7,280	18,973	26,253	11,679	1953-1960	8/24/1998	(1)
TOWER SHOPS (Florida)		29,940	43,390	31,962	29,962	75,330	105,292	30,876	1989, 2017	1/19/11 & 6/13/14	(1)

FEDERAL REALTY INVESTMENT TRUST AND FEDERAL REALTY OP LP
SCHEDULE III
SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023
(Dollars in thousands)
COLUMN A	COLUMN B		COLUMN C				COLUMN D		COLUMN E						COLUMN F		COLUMN G	COLUMN H	COLUMN I
Descriptions	Encumbrance		Initial cost to company				Cost Capitalized Subsequent to Acquisition		Gross amount at which carried at close of period						Accumulated Depreciation and Amortization		Date of Construction	Date Acquired	Life on  which depreciation in latest income statements is computed
			Land		Building and Improvements				Land		Building and Improvements		Total
TROY HILLS (New Jersey)			3,126		5,193		33,050		5,865		35,504		41,369		26,645		1966	7/23/1980	(1)
TWINBROOKE SHOPPING CENTRE (Virginia)			16,484		18,898		755		16,484		19,653		36,137		1,764		1977	9/2/2021	(1)
TYSON'S STATION (Virginia)			388		453		6,323		493		6,671		7,164		4,383		1954	1/17/1978	(1)
VILLAGE AT SHIRLINGTON (Virginia)			9,761		14,808		48,905		6,323		67,151		73,474		37,988		1940, 2006-2009	12/21/1995	(1)
WESTGATE CENTER (California)			6,319		107,284		43,876		6,319		151,160		157,479		83,068		1960-1966	3/31/2004	(1)
WESTPOST (Virginia)			—		2,955		109,946		—		112,901		112,901		63,606		1999 - 2002	1998 & 11/22/10	(1)
WHITE MARSH PLAZA (Maryland)			3,478		21,413		2,170		3,514		23,547		27,061		12,580		1987	3/8/2007	(1)
WHITE MARSH OTHER (Maryland)			27,720		—		213		27,750		183		27,933		56		1985	3/8/2007	(1)
WILDWOOD (Maryland)			9,111		1,061		18,370		9,111		19,431		28,542		11,661		1958	5/5/1969	(1)
WILLOW GROVE (Pennsylvania)			1,499		6,643		41,838		1,499		48,481		49,980		23,360		1953	11/20/1984	(1)
WILLOW LAWN (Virginia)			3,192		7,723		97,749		7,790		100,874		108,664		72,875		1957	12/5/1983	(1)
WYNNEWOOD (Pennsylvania)			8,055		13,759		22,569		8,055		36,328		44,383		29,048		1948	10/29/1996	(1)
TOTALS	$	516,936	$	1,730,629	$	3,164,741	$	5,650,817	$	1,726,021	$	8,820,166	$	10,546,187	$	2,963,519

(1)Depreciation of building and improvements is calculated based on useful lives ranging from the life of the lease to 50 years.

Balance, December 31, 2020	$	8,582,870
Additions during period
Acquisitions	519,350
Improvements	424,521
Deduction during period—dispositions and retirements of property	(104,679)
Balance, December 31, 2021	9,422,062
Additions during period
Acquisitions	445,319
Improvements	399,623
Deductions during period
Dispositions and retirements of property	(107,682)
Deconsolidation of VIE	(54,823)
Balance, December 31, 2022	10,104,499
Additions during period
Improvements	287,286
Reconsolidation of VIE	135,017
Acquisitions	74,723
Deduction during period—dispositions and retirements of property	(55,338)
Balance, December 31, 2023 (1)	$	10,546,187

_____________________

(1)For Federal tax purposes, the aggregate cost basis is approximately $9.4 billion as of December 31, 2023.

FEDERAL REALTY INVESTMENT TRUST AND FEDERAL REALTY OP LP

SCHEDULE III

SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION - CONTINUED

Three Years Ended December 31, 2023

Reconciliation of Accumulated Depreciation and Amortization

(In thousands)

Balance, December 31, 2020	$	2,357,692
Additions during period—depreciation and amortization expense	246,338
Deductions during period -dispositions and retirements of property	(72,935)
Balance, December 31, 2021	2,531,095
Additions during period—depreciation and amortization expense	266,877
Deductions during period
Dispositions and retirements of property	(59,066)
Deconsolidation of VIE	(23,089)
Balance, December 31, 2022	2,715,817
Additions during period
Depreciation and amortization expense	282,896
Reconsolidation of VIE	2,869
Deductions during period -dispositions and retirements of property	(38,063)
Balance, December 31, 2023	$	2,963,519