XML 19 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUE    
Rental income $ 302,294 $ 283,986
Other property income 6,585 7,059
Mortgage interest income 275 278
Total revenue 309,154 291,323
EXPENSES    
Rental expenses 67,804 61,659
Real estate taxes 36,567 34,060
General and administrative 10,875 12,006
Depreciation and amortization 86,946 83,404
Total operating expenses 202,192 191,129
Gain on sale of real estate 1,171 0
OPERATING INCOME 108,133 100,194
OTHER INCOME/(EXPENSE)    
Other interest income 743 1,483
Interest expense (42,475) (43,693)
Income from partnerships 177 32
NET INCOME 66,578 58,016
Net income attributable to noncontrolling interests (2,810) (1,280)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 63,768 56,736
Dividends on preferred shares (2,008) (2,008)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 61,760 $ 54,728
EARNINGS PER COMMON SHARE, BASIC AND DILUTED:    
Net income available for common shareholders, Basic $ 0.72 $ 0.66
Weighted average number of common shares, Basic 85,472 82,605
Net income available for common shareholders, Diluted $ 0.72 $ 0.66
Weighted average number of common shares, Diluted 85,472 82,605
COMPREHENSIVE INCOME    
COMPREHENSIVE INCOME $ 65,334 $ 60,944
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 62,624 59,583
Federal Realty OP LP    
REVENUE    
Rental income 302,294 283,986
Other property income 6,585 7,059
Mortgage interest income 275 278
Total revenue 309,154 291,323
EXPENSES    
Rental expenses 67,804 61,659
Real estate taxes 36,567 34,060
General and administrative 10,875 12,006
Depreciation and amortization 86,946 83,404
Total operating expenses 202,192 191,129
Gain on sale of real estate 1,171 0
OPERATING INCOME 108,133 100,194
OTHER INCOME/(EXPENSE)    
Other interest income 743 1,483
Interest expense (42,475) (43,693)
Income from partnerships 177 32
NET INCOME 66,578 58,016
Net income attributable to noncontrolling interests (2,810) (1,280)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 63,768 56,736
Distributions on preferred units (2,008) (2,008)
NET INCOME AVAILABLE FOR COMMON UNIT HOLDERS $ 61,760 $ 54,728
EARNINGS PER COMMON UNIT, BASIC AND DILUTED:    
Net income available for common unit holders, Basic $ 0.72 $ 0.66
Weighted average number of common units, Basic 85,472 82,605
Net income available for common unit holders, Diluted $ 0.72 $ 0.66
Weighted average number of common units, Diluted 85,472 82,605
COMPREHENSIVE INCOME    
COMPREHENSIVE INCOME $ 65,334 $ 60,944
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP $ 62,624 $ 59,583