v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Operating (including $2,132,453 and $1,832,190 of consolidated variable interest entities, respectively) $ 11,369,346 $ 11,265,167
Construction-in-progress (including $47,661 and $28,418 of consolidated variable interest entities, respectively) 382,154 374,735
Real estate, at cost, total 11,751,500 11,639,902
Less accumulated depreciation and amortization (including $519,866 and $468,725 of consolidated variable interest entities, respectively) (3,521,614) (3,351,881)
Net real estate 8,229,886 8,288,021
Cash and cash equivalents 109,728 107,415
Accounts and notes receivable, net 269,791 249,755
Mortgage notes receivable, net 0 9,091
Investment in partnerships 32,370 31,881
Operating lease right of use assets, net 81,049 83,120
Finance lease right of use assets, net 6,246 6,410
Prepaid expenses and other assets 367,962 354,767
TOTAL ASSETS 9,097,032 9,130,460
Liabilities    
Mortgages payable, net (including $169,228 and $194,176 of consolidated variable interest entities, respectively) 496,694 521,759
Notes payable, net 997,121 1,057,331
Senior notes and debentures, net 3,389,769 3,364,010
Accounts payable and accrued expenses 248,407 219,678
Dividends payable 102,492 99,792
Security deposits payable 33,552 31,548
Operating lease liabilities 70,396 72,304
Finance lease liabilities 12,999 12,903
Other liabilities and deferred credits 237,859 250,494
Total liabilities 5,589,289 5,629,819
Commitments and contingencies (Note 6)
Redeemable noncontrolling interests 188,478 181,655
Shareholders’ equity    
Common shares of beneficial interest, $0.01 par, 200,000,000 shares authorized, 86,296,537 and 86,266,009 shares issued and outstanding, respectively 870 869
Additional paid-in capital 4,292,652 4,310,365
Accumulated dividends in excess of net income (1,215,383) (1,224,372)
Accumulated other comprehensive income 13,354 2,047
Total shareholders’ equity of the Trust 3,251,315 3,248,731
Noncontrolling interests 67,950 70,255
Total shareholders’ equity 3,319,265 3,318,986
Partner capital    
Accumulated other comprehensive income 13,354 2,047
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL 9,097,032 9,130,460
Federal Realty OP LP    
ASSETS    
Operating (including $2,132,453 and $1,832,190 of consolidated variable interest entities, respectively) 11,369,346 11,265,167
Construction-in-progress (including $47,661 and $28,418 of consolidated variable interest entities, respectively) 382,154 374,735
Real estate, at cost, total 11,751,500 11,639,902
Less accumulated depreciation and amortization (including $519,866 and $468,725 of consolidated variable interest entities, respectively) (3,521,614) (3,351,881)
Net real estate 8,229,886 8,288,021
Cash and cash equivalents 109,728 107,415
Accounts and notes receivable, net 269,791 249,755
Mortgage notes receivable, net 0 9,091
Investment in partnerships 32,370 31,881
Operating lease right of use assets, net 81,049 83,120
Finance lease right of use assets, net 6,246 6,410
Prepaid expenses and other assets 367,962 354,767
TOTAL ASSETS 9,097,032 9,130,460
Liabilities    
Mortgages payable, net (including $169,228 and $194,176 of consolidated variable interest entities, respectively) 496,694 521,759
Notes payable, net 997,121 1,057,331
Senior notes and debentures, net 3,389,769 3,364,010
Accounts payable and accrued expenses 248,407 219,678
Dividends payable 102,492 99,792
Security deposits payable 33,552 31,548
Operating lease liabilities 70,396 72,304
Finance lease liabilities 12,999 12,903
Other liabilities and deferred credits 237,859 250,494
Total liabilities 5,589,289 5,629,819
Commitments and contingencies (Note 6)
Redeemable noncontrolling interests 188,478 181,655
Shareholders’ equity    
Accumulated other comprehensive income 13,354 2,047
Partner capital    
Preferred units, 398,878 units issued and outstanding 154,788 154,788
Common units, 86,296,537 and 86,266,009 units issued and outstanding, respectively 3,083,173 3,091,896
Accumulated other comprehensive income 13,354 2,047
Total partner capital 3,251,315 3,248,731
Noncontrolling interests in consolidated partnerships 67,950 70,255
Total capital 3,319,265 3,318,986
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL 9,097,032 9,130,460
5.00% 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, $0.01 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, $0.01 par: $ 9,822 $ 9,822