v3.26.3
Consolidated Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
REVENUE        
Rental income $ 329,644 $ 313,183 $ 988,198 $ 917,954
Other property income 9,352 8,789 27,039 24,143
Mortgage interest income 28 281 577 833
Total revenue 339,024 322,253 1,015,814 942,930
EXPENSES        
Rental expenses 69,317 67,481 208,505 196,894
Real estate taxes 39,811 38,178 117,859 111,426
General and administrative 13,254 11,649 38,649 34,449
Depreciation and amortization 100,260 94,277 300,100 270,464
Total operating expenses 222,642 211,585 665,113 613,233
Gain on sale of real estate 473 0 113,801 77,672
New market tax credit transaction income 0 0 0 14,176
OPERATING INCOME 116,855 110,668 464,502 421,545
OTHER INCOME/(EXPENSE)        
Other interest income 1,069 845 2,672 2,493
Interest expense (49,740) (47,619) (148,864) (134,692)
Income from partnerships 801 605 298 1,687
NET INCOME 68,985 64,499 318,608 291,033
Net income attributable to noncontrolling interests (2,816) (2,850) (7,638) (9,700)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 66,169 61,649 310,970 281,333
Dividends on preferred shares (2,008) (2,008) (6,024) (6,024)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 64,161 $ 59,641 $ 304,946 $ 275,309
EARNINGS PER COMMON SHARE/UNIT, BASIC:        
Net income available for common shareholders, Basic $ 0.74 $ 0.69 $ 3.52 $ 3.20
Weighted average number of common shares, Basic 86,558 85,978 86,262 85,808
EARNINGS PER COMMON SHARE/UNIT, DILUTED:        
Net income available for common shareholders, Diluted $ 0.74 $ 0.69 $ 3.52 $ 3.20
Weighted average number of common shares, Diluted 86,558 85,978 86,789 85,808
COMPREHENSIVE INCOME        
COMPREHENSIVE INCOME $ 74,085 $ 63,790 $ 330,039 $ 288,329
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 71,183 60,969 322,277 278,825
Federal Realty OP LP        
REVENUE        
Rental income 329,644 313,183 988,198 917,954
Other property income 9,352 8,789 27,039 24,143
Mortgage interest income 28 281 577 833
Total revenue 339,024 322,253 1,015,814 942,930
EXPENSES        
Rental expenses 69,317 67,481 208,505 196,894
Real estate taxes 39,811 38,178 117,859 111,426
General and administrative 13,254 11,649 38,649 34,449
Depreciation and amortization 100,260 94,277 300,100 270,464
Total operating expenses 222,642 211,585 665,113 613,233
Gain on sale of real estate 473 0 113,801 77,672
New market tax credit transaction income 0 0 0 14,176
OPERATING INCOME 116,855 110,668 464,502 421,545
OTHER INCOME/(EXPENSE)        
Other interest income 1,069 845 2,672 2,493
Interest expense (49,740) (47,619) (148,864) (134,692)
Income from partnerships 801 605 298 1,687
NET INCOME 68,985 64,499 318,608 291,033
Net income attributable to noncontrolling interests (2,816) (2,850) (7,638) (9,700)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 66,169 61,649 310,970 281,333
Distributions on preferred units (2,008) (2,008) (6,024) (6,024)
NET INCOME AVAILABLE FOR COMMON UNIT HOLDERS $ 64,161 $ 59,641 $ 304,946 $ 275,309
EARNINGS PER COMMON SHARE/UNIT, BASIC:        
Net income available for common unit holders, Basic $ 0.74 $ 0.69 $ 3.52 $ 3.20
Weighted average number of common units, Basic 86,558 85,978 86,262 85,808
EARNINGS PER COMMON SHARE/UNIT, DILUTED:        
Net income available for common unit holders, Diluted $ 0.74 $ 0.69 $ 3.52 $ 3.20
Weighted average common units outstanding, diluted 86,558 85,978 86,789 85,808
COMPREHENSIVE INCOME        
COMPREHENSIVE INCOME $ 74,085 $ 63,790 $ 330,039 $ 288,329
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP $ 71,183 $ 60,969 $ 322,277 $ 278,825