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Consolidated Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUE        
Rental income $ 313,183 $ 295,119 $ 917,954 $ 866,199
Other property income 8,789 8,233 24,143 23,973
Mortgage interest income 281 281 833 836
Total revenue 322,253 303,633 942,930 891,008
EXPENSES        
Rental expenses 67,481 63,898 196,894 184,448
Real estate taxes 38,178 36,053 111,426 105,402
General and administrative 11,649 10,822 34,449 34,920
Depreciation and amortization 94,277 87,028 270,464 255,481
Total operating expenses 211,585 197,801 613,233 580,251
Gain on sale of real estate 0 0 77,672 52,280
New market tax credit transaction income 0 0 14,176 0
OPERATING INCOME 110,668 105,832 421,545 363,037
OTHER INCOME/(EXPENSE)        
Other interest income 845 978 2,493 3,512
Interest expense (47,619) (44,237) (134,692) (132,242)
Income from partnerships 605 888 1,687 1,825
NET INCOME 64,499 63,461 291,033 236,132
Net income attributable to noncontrolling interests (2,850) (2,508) (9,700) (6,461)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 61,649 60,953 281,333 229,671
Dividends on preferred shares (2,008) (2,008) (6,024) (6,024)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 59,641 $ 58,945 $ 275,309 $ 223,647
EARNINGS PER COMMON SHARE, BASIC AND DILUTED        
Net income available for common shareholders, Basic $ 0.69 $ 0.70 $ 3.20 $ 2.68
Net income available for common shareholders, Diluted $ 0.69 $ 0.70 $ 3.20 $ 2.68
Weighted average number of common shares, Basic 85,978 83,994 85,808 83,180
Weighted average number of common shares, Diluted 85,978 83,994 85,808 83,180
COMPREHENSIVE INCOME        
COMPREHENSIVE INCOME $ 63,790 $ 58,404 $ 288,329 $ 234,144
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 60,969 56,083 278,825 227,791
Federal Realty OP LP        
REVENUE        
Rental income 313,183 295,119 917,954 866,199
Other property income 8,789 8,233 24,143 23,973
Mortgage interest income 281 281 833 836
Total revenue 322,253 303,633 942,930 891,008
EXPENSES        
Rental expenses 67,481 63,898 196,894 184,448
Real estate taxes 38,178 36,053 111,426 105,402
General and administrative 11,649 10,822 34,449 34,920
Depreciation and amortization 94,277 87,028 270,464 255,481
Total operating expenses 211,585 197,801 613,233 580,251
Gain on sale of real estate 0 0 77,672 52,280
New market tax credit transaction income 0 0 14,176 0
OPERATING INCOME 110,668 105,832 421,545 363,037
OTHER INCOME/(EXPENSE)        
Other interest income 845 978 2,493 3,512
Interest expense (47,619) (44,237) (134,692) (132,242)
Income from partnerships 605 888 1,687 1,825
NET INCOME 64,499 63,461 291,033 236,132
Net income attributable to noncontrolling interests (2,850) (2,508) (9,700) (6,461)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 61,649 60,953 281,333 229,671
Distributions on preferred units (2,008) (2,008) (6,024) (6,024)
NET INCOME AVAILABLE FOR COMMON UNIT HOLDERS $ 59,641 $ 58,945 $ 275,309 $ 223,647
EARNINGS PER COMMON UNIT, BASIC AND DILUTED:        
Net income available for common unit holders, Basic $ 0.69 $ 0.70 $ 3.20 $ 2.68
Net income available for common unit holders, Diluted $ 0.69 $ 0.70 $ 3.20 $ 2.68
Weighted average number of common units, Basic 85,978 83,994 85,808 83,180
Weighted average common units outstanding, diluted 85,978 83,994 85,808 83,180
COMPREHENSIVE INCOME        
COMPREHENSIVE INCOME $ 63,790 $ 58,404 $ 288,329 $ 234,144
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP $ 60,969 $ 56,083 $ 278,825 $ 227,791