XML 23 R8.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Capital - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Increase (Decrease) in Partners' Capital [Roll Forward]        
Net Income, excluding amounts attributable to redeemable noncontrolling Interests $ 61,719 $ 57,575 $ 230,953 $ 175,091
Other comprehensive (loss) income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests (4,870) 1,277 (1,880) 1,016
Contributions from noncontrolling interests   165 725 1,092
Accumulated Other Comprehensive Income (Loss)        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Other comprehensive (loss) income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests (4,870) 1,277 (1,880) 1,016
Federal Realty OP LP        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 3,070,813 2,980,431 3,042,159 3,034,015
Net Income, excluding amounts attributable to redeemable noncontrolling Interests 61,719 57,575 230,953 175,091
Other comprehensive (loss) income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests (4,870) 1,277 (1,880) 1,016
Distributions declared to common unit holders (93,442) (88,958) (275,006) (265,022)
Distributions on preferred units (2,008) (2,008) (6,024) (6,024)
Distributions declared to noncontrolling interests in consolidated partnerships, excluding amounts attributable to redeemable noncontrolling interests (1,293) (1,081) (3,183) (3,283)
Common units issued as a result of common stock issued by Parent Company, net of issuance costs 151,389 9,703 222,319 15,895
Common units issued under dividend reinvestment plan 476 475 1,323 1,380
Share-based compensation expense, net of forfeitures 3,777 3,738 11,952 11,868
Common units withheld for employee taxes (286) (268) (4,972) (4,979)
Purchase of noncontrolling interest     (12,358)  
Contributions from noncontrolling interests   165 725 1,092
Purchase of capped calls     (19,448)  
Ending balance 3,185,600 2,961,049 3,185,600 2,961,049
Federal Realty OP LP | Preferred Units        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 154,788 154,788 154,788 154,788
Net Income, excluding amounts attributable to redeemable noncontrolling Interests 2,008 2,008 6,024 6,024
Distributions on preferred units (2,008) (2,008) (6,024) (6,024)
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 2,833,788 2,740,405 2,804,669 2,793,467
Net Income, excluding amounts attributable to redeemable noncontrolling Interests 58,945 55,040 223,647 166,858
Distributions declared to common unit holders (93,442) (88,958) (275,006) (265,022)
Common units issued as a result of common stock issued by Parent Company, net of issuance costs 151,389 9,703 222,319 15,895
Common units issued under dividend reinvestment plan 476 475 1,323 1,380
Share-based compensation expense, net of forfeitures 3,777 3,738 11,952 11,868
Common units withheld for employee taxes (286) (268) (4,972) (4,979)
Purchase of noncontrolling interest     (10,264)  
Purchase of capped calls     (19,448)  
Ending balance 2,954,507 2,720,350 2,954,507 2,720,350
Federal Realty OP LP | Accumulated Other Comprehensive Income (Loss)        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 7,042 5,496 4,052 5,757
Other comprehensive (loss) income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests (4,870) 1,277 (1,880) 1,016
Ending balance 2,172 6,773 2,172 6,773
Federal Realty OP LP | Total Partner Capital        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 2,995,618 2,900,689 2,963,509 2,954,012
Net Income, excluding amounts attributable to redeemable noncontrolling Interests 60,953 57,048 229,671 172,882
Other comprehensive (loss) income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests (4,870) 1,277 (1,880) 1,016
Distributions declared to common unit holders (93,442) (88,958) (275,006) (265,022)
Distributions on preferred units (2,008) (2,008) (6,024) (6,024)
Common units issued as a result of common stock issued by Parent Company, net of issuance costs 151,389 9,703 222,319 15,895
Common units issued under dividend reinvestment plan 476 475 1,323 1,380
Share-based compensation expense, net of forfeitures 3,777 3,738 11,952 11,868
Common units withheld for employee taxes (286) (268) (4,972) (4,979)
Purchase of noncontrolling interest     (10,264)  
Purchase of capped calls     (19,448)  
Ending balance 3,111,467 2,881,911 3,111,467 2,881,911
Federal Realty OP LP | Noncontrolling Interests in Consolidated Partnerships        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 75,195 79,742 78,650 80,003
Net Income, excluding amounts attributable to redeemable noncontrolling Interests 766 527 1,282 2,209
Distributions declared to noncontrolling interests in consolidated partnerships, excluding amounts attributable to redeemable noncontrolling interests (1,293) (1,081) (3,183) (3,283)
Purchase of noncontrolling interest     (2,094)  
Contributions from noncontrolling interests   165 725 1,092
Ending balance 74,133 79,138 74,133 79,138
Federal Realty OP LP | downREIT OP units        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Conversion and redemption of downREIT OP units (675) 0 (960) 0
Federal Realty OP LP | downREIT OP units | Common Units        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Conversion and redemption of downREIT OP units (140) 215 287 883
Federal Realty OP LP | downREIT OP units | Total Partner Capital        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Conversion and redemption of downREIT OP units (140) 215 287 883
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 $ (535) $ (215) $ (1,247) $ (883)