v3.26.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 249,623 $ 226,534
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 199,840 176,187
Gain on sale of real estate (113,328) (77,672)
Loss (income) from partnerships 503 (1,082)
New market tax credit transaction income 0 (14,176)
Straight-line rent (15,760) (13,844)
Share-based compensation expense 7,871 7,464
Other, net (2,347) (1,163)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Decrease in accounts receivable, net 1,595 14,709
Decrease in prepaid expenses and other assets 11,958 15,333
Increase (decrease) in accounts payable and accrued expenses 2,330 (3,805)
(Decrease) increase in security deposits and other liabilities (3,954) 1,252
Net cash provided by operating activities 338,331 329,737
INVESTING ACTIVITIES    
Acquisition of real estate (85,397) (120,413)
Capital expenditures - development and redevelopment (78,779) (69,350)
Capital expenditures - other (56,241) (55,257)
Proceeds from sale of real estate 220,110 141,151
Investment in partnerships (1,004) 0
Distribution from partnerships in excess of earnings 2,731 1,094
Leasing costs (11,377) (13,547)
Net cash used in investing activities (9,957) (116,322)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility, net of costs (30,665) 17,600
Repayment of senior notes (400,000) 0
Issuance and extension of notes payable, net of costs 249,954 (4,818)
Repayment of mortgages, finance leases and notes payable (3,786) (2,840)
Issuance of common shares, net of costs 60,468 54,503
Dividends paid to common and preferred shareholders (198,359) (192,498)
Shares withheld for employee taxes (4,978) (4,675)
Contributions from noncontrolling interests 2,871 1,413
Distributions to and redemptions of noncontrolling interests (6,800) (13,921)
Net cash used in financing activities (331,295) (145,236)
(Decrease) increase in cash, cash equivalents and restricted cash (2,921) 68,179
Cash, cash equivalents, and restricted cash at beginning of year 117,706 135,443
Cash, cash equivalents, and restricted cash at end of period 114,785 203,622
Federal Realty OP LP    
OPERATING ACTIVITIES    
Net income 249,623 226,534
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 199,840 176,187
Gain on sale of real estate (113,328) (77,672)
Loss (income) from partnerships 503 (1,082)
New market tax credit transaction income 0 (14,176)
Straight-line rent (15,760) (13,844)
Share-based compensation expense 7,871 7,464
Other, net (2,347) (1,163)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Decrease in accounts receivable, net 1,595 14,709
Decrease in prepaid expenses and other assets 11,958 15,333
Increase (decrease) in accounts payable and accrued expenses 2,330 (3,805)
(Decrease) increase in security deposits and other liabilities (3,954) 1,252
Net cash provided by operating activities 338,331 329,737
INVESTING ACTIVITIES    
Acquisition of real estate (85,397) (120,413)
Capital expenditures - development and redevelopment (78,779) (69,350)
Capital expenditures - other (56,241) (55,257)
Proceeds from sale of real estate 220,110 141,151
Investment in partnerships (1,004) 0
Distribution from partnerships in excess of earnings 2,731 1,094
Leasing costs (11,377) (13,547)
Net cash used in investing activities (9,957) (116,322)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility, net of costs (30,665) 17,600
Repayment of senior notes (400,000) 0
Issuance and extension of notes payable, net of costs 249,954 (4,818)
Repayment of mortgages, finance leases and notes payable (3,786) (2,840)
Issuance of common units, net of costs 60,468 54,503
Dividends paid to common and preferred unit holders (198,359) (192,498)
Shares withheld for employee taxes (4,978) (4,675)
Contributions from noncontrolling interests 2,871 1,413
Distributions to and redemptions of noncontrolling interests (6,800) (13,921)
Net cash used in financing activities (331,295) (145,236)
(Decrease) increase in cash, cash equivalents and restricted cash (2,921) 68,179
Cash, cash equivalents, and restricted cash at beginning of year 117,706 135,443
Cash, cash equivalents, and restricted cash at end of period $ 114,785 $ 203,622