XML 55 R40.htm IDEA: XBRL DOCUMENT v3.25.2
Earnings Per Share And Unit (Schedule Of Earnings Per Share) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]        
Net income $ 159,956 $ 114,655 $ 226,534 $ 172,671
Dividends on preferred shares (2,008) (2,008) (4,016) (4,016)
Less: Income from operations attributable to noncontrolling interests (4,040) (2,673) (6,850) (3,953)
Earnings Allocated To Unvested Shares (520) (399) (727) (663)
Net income available for common shareholders, basic 153,388 109,575 214,941 164,039
Add: Income attributable to downREIT operating partnership units 601 686 1,268 0
Net income available for common shareholders, diluted $ 154,122 $ 110,261 $ 216,209 $ 164,039
Weighted average number of common shares, Basic 85,969 82,932 85,722 82,768
DownREIT operating partnership units 548 631 578 0
5.417% Series 1 Cumulative Convertible Preferred Units 94 0 0 0
Weighted average number of common shares, Diluted 86,611 83,563 86,300 82,768
Net income available for common shareholders, Basic $ 1.78 $ 1.32 $ 2.51 $ 1.98
Net income available for common shareholders, Diluted $ 1.78 $ 1.32 $ 2.51 $ 1.98
Federal Realty OP LP        
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]        
Net income $ 159,956 $ 114,655 $ 226,534 $ 172,671
Distributions on preferred units (2,008) (2,008) (4,016) (4,016)
Less: Income from operations attributable to noncontrolling interests (4,040) (2,673) (6,850) (3,953)
Earnings allocated to unvested units (520) (399) (727) (663)
Net income available for common unit holders, basic 153,388 109,575 214,941 164,039
Add: Income attributable to downREIT operating partnership units 601 686 1,268 0
Net income available for common unit holders, diluted $ 154,122 $ 110,261 $ 216,209 $ 164,039
Weighted average number of common units, Basic 85,969 82,932 85,722 82,768
DownREIT operating partnership units 548 631 578 0
Weighted average common units outstanding, diluted 86,611 83,563 86,300 82,768
Net income available for common unit holders, Basic $ 1.78 $ 1.32 $ 2.51 $ 1.98
Net income available for common unit holders, Diluted $ 1.78 $ 1.32 $ 2.51 $ 1.98
5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 392,878 shares issued and outstanding        
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]        
Add: Dividends on 5.417% Series 1 Cumulative Convertible Preferred Shares $ 133 $ 0 $ 0 $ 0
Preferred Units | Federal Realty OP LP        
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]        
Add: Dividends on 5.417% Series 1 Cumulative Convertible Preferred Units $ 133 $ 0 $ 0 $ 0
5.417% Series 1 Cumulative Convertible Preferred Units 94 0 0 0