v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Operating (including $1,901,302 and $1,832,190 of consolidated variable interest entities, respectively) $ 11,348,512 $ 11,265,167
Construction-in-progress (including $37,695 and $28,418 of consolidated variable interest entities, respectively) 329,803 374,735
Real estate, at cost, total 11,678,315 11,639,902
Less accumulated depreciation and amortization (including $487,052 and $468,725 of consolidated variable interest entities, respectively) (3,444,324) (3,351,881)
Net real estate 8,233,991 8,288,021
Cash and cash equivalents 107,246 107,415
Accounts and notes receivable, net 262,108 249,755
Mortgage notes receivable, net 0 9,091
Investment in partnerships 30,571 31,881
Operating lease right of use assets, net 81,644 83,120
Finance lease right of use assets, net 6,301 6,410
Prepaid expenses and other assets 337,258 354,767
TOTAL ASSETS 9,059,119 9,130,460
Liabilities    
Mortgages payable, net (including $190,863 and $194,176 of consolidated variable interest entities, respectively) 518,371 521,759
Notes payable, net 1,282,856 1,057,331
Senior notes and debentures, net 2,966,685 3,364,010
Accounts payable and accrued expenses 217,548 219,678
Dividends payable 100,490 99,792
Security deposits payable 32,809 31,548
Operating lease liabilities 70,943 72,304
Finance lease liabilities 12,966 12,903
Other liabilities and deferred credits 238,760 250,494
Total liabilities 5,441,428 5,629,819
Commitments and contingencies (Note 6)
Redeemable noncontrolling interests 183,119 181,655
Shareholders’ equity    
Common shares of beneficial interest, $.01 par, 200,000,000 shares authorized, 86,883,595 and 86,266,009 shares issued and outstanding, respectively 876 869
Additional paid-in capital 4,374,872 4,310,365
Accumulated dividends in excess of net income (1,179,380) (1,224,372)
Accumulated other comprehensive income 8,340 2,047
Total shareholders’ equity of the Trust 3,364,530 3,248,731
Noncontrolling interests 70,042 70,255
Total shareholders’ equity 3,434,572 3,318,986
Partner capital    
Accumulated other comprehensive income 8,340 2,047
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL 9,059,119 9,130,460
Federal Realty OP LP    
ASSETS    
Operating (including $1,901,302 and $1,832,190 of consolidated variable interest entities, respectively) 11,348,512 11,265,167
Construction-in-progress (including $37,695 and $28,418 of consolidated variable interest entities, respectively) 329,803 374,735
Real estate, at cost, total 11,678,315 11,639,902
Less accumulated depreciation and amortization (including $487,052 and $468,725 of consolidated variable interest entities, respectively) (3,444,324) (3,351,881)
Net real estate 8,233,991 8,288,021
Cash and cash equivalents 107,246 107,415
Accounts and notes receivable, net 262,108 249,755
Mortgage notes receivable, net 0 9,091
Investment in partnerships 30,571 31,881
Operating lease right of use assets, net 81,644 83,120
Finance lease right of use assets, net 6,301 6,410
Prepaid expenses and other assets 337,258 354,767
TOTAL ASSETS 9,059,119 9,130,460
Liabilities    
Mortgages payable, net (including $190,863 and $194,176 of consolidated variable interest entities, respectively) 518,371 521,759
Notes payable, net 1,282,856 1,057,331
Senior notes and debentures, net 2,966,685 3,364,010
Accounts payable and accrued expenses 217,548 219,678
Dividends payable 100,490 99,792
Security deposits payable 32,809 31,548
Operating lease liabilities 70,943 72,304
Finance lease liabilities 12,966 12,903
Other liabilities and deferred credits 238,760 250,494
Total liabilities 5,441,428 5,629,819
Commitments and contingencies (Note 6)
Redeemable noncontrolling interests 183,119 181,655
Shareholders’ equity    
Accumulated other comprehensive income 8,340 2,047
Partner capital    
Preferred units, 398,878 units issued and outstanding 154,788 154,788
Common units, 86,883,595 and 86,266,009 units issued and outstanding, respectively 3,201,402 3,091,896
Accumulated other comprehensive income 8,340 2,047
Total partner capital 3,364,530 3,248,731
Noncontrolling interests in consolidated partnerships 70,042 70,255
Total capital 3,434,572 3,318,986
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL 9,059,119 9,130,460
5.0% Series C Cumulative Redeemable Preferred Shares, (stated at liquidation preference $25,000 per share), 6,000 shares issued and outstanding    
Shareholders’ equity    
Preferred shares, authorized 15,000,000 shares, $.01 par: 150,000 150,000
5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 392,878 shares issued and outstanding    
Shareholders’ equity    
Preferred shares, authorized 15,000,000 shares, $.01 par: $ 9,822 $ 9,822