v3.26.1
Consolidated Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUE        
Rental income $ 325,896 $ 302,477 $ 658,554 $ 604,771
Other property income 9,797 8,769 17,687 15,354
Mortgage interest income 13 277 549 552
Total revenue 335,706 311,523 676,790 620,677
EXPENSES        
Rental expenses 64,491 61,609 139,188 129,413
Real estate taxes 39,077 36,681 78,048 73,248
General and administrative 13,470 11,925 25,395 22,800
Depreciation and amortization 100,623 89,241 199,840 176,187
Total operating expenses 217,661 199,456 442,471 401,648
Gain on sale of real estate 20,617 76,501 113,328 77,672
New market tax credit transaction income 0 14,176 0 14,176
OPERATING INCOME 138,662 202,744 347,647 310,877
OTHER INCOME/(EXPENSE)        
Other interest income 563 905 1,603 1,648
Interest expense (50,008) (44,598) (99,124) (87,073)
(Loss) income from partnerships (664) 905 (503) 1,082
NET INCOME 88,553 159,956 249,623 226,534
Net income attributable to noncontrolling interests (2,851) (4,040) (4,822) (6,850)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 85,702 155,916 244,801 219,684
Dividends on preferred shares (2,008) (2,008) (4,016) (4,016)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 83,694 $ 153,908 $ 240,785 $ 215,668
EARNINGS PER COMMON SHARE/UNIT, BASIC:        
Net income available for common shareholders, Basic $ 0.97 $ 1.78 $ 2.79 $ 2.51
Weighted average number of common shares, Basic 86,183 85,969 86,112 85,722
EARNINGS PER COMMON SHARE/UNIT, DILUTED:        
Net income available for common shareholders, Diluted $ 0.97 $ 1.78 $ 2.78 $ 2.51
Weighted average number of common shares, Diluted 86,183 86,611 86,639 86,300
COMPREHENSIVE INCOME        
COMPREHENSIVE INCOME $ 91,846 $ 159,205 $ 255,954 $ 224,539
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 88,967 155,232 251,094 217,856
Federal Realty OP LP        
REVENUE        
Rental income 325,896 302,477 658,554 604,771
Other property income 9,797 8,769 17,687 15,354
Mortgage interest income 13 277 549 552
Total revenue 335,706 311,523 676,790 620,677
EXPENSES        
Rental expenses 64,491 61,609 139,188 129,413
Real estate taxes 39,077 36,681 78,048 73,248
General and administrative 13,470 11,925 25,395 22,800
Depreciation and amortization 100,623 89,241 199,840 176,187
Total operating expenses 217,661 199,456 442,471 401,648
Gain on sale of real estate 20,617 76,501 113,328 77,672
New market tax credit transaction income 0 14,176 0 14,176
OPERATING INCOME 138,662 202,744 347,647 310,877
OTHER INCOME/(EXPENSE)        
Other interest income 563 905 1,603 1,648
Interest expense (50,008) (44,598) (99,124) (87,073)
(Loss) income from partnerships (664) 905 (503) 1,082
NET INCOME 88,553 159,956 249,623 226,534
Net income attributable to noncontrolling interests (2,851) (4,040) (4,822) (6,850)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 85,702 155,916 244,801 219,684
Distributions on preferred units (2,008) (2,008) (4,016) (4,016)
NET INCOME AVAILABLE FOR COMMON UNIT HOLDERS $ 83,694 $ 153,908 $ 240,785 $ 215,668
EARNINGS PER COMMON SHARE/UNIT, BASIC:        
Net income available for common unit holders, Basic $ 0.97 $ 1.78 $ 2.79 $ 2.51
Weighted average number of common units, Basic 86,183 85,969 86,112 85,722
EARNINGS PER COMMON SHARE/UNIT, DILUTED:        
Net income available for common unit holders, Diluted $ 0.97 $ 1.78 $ 2.78 $ 2.51
Weighted average common units outstanding, diluted 86,183 86,611 86,639 86,300
COMPREHENSIVE INCOME        
COMPREHENSIVE INCOME $ 91,846 $ 159,205 $ 255,954 $ 224,539
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP $ 88,967 $ 155,232 $ 251,094 $ 217,856