$FRT
FEDERAL REALTY INVESTMENT TRUST

2019 Q2 Form 10-Q Financial Statement

#000003490319000035 Filed on August 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $230.5M $224.9M
YoY Change 2.47% 8.1%
Cost Of Revenue $66.60M $68.20M
YoY Change -2.35% 7.06%
Gross Profit $163.9M $156.7M
YoY Change 4.59% 8.52%
Gross Profit Margin 71.12% 69.67%
Selling, General & Admin $11.40M $8.400M
YoY Change 35.71% -2.33%
% of Gross Profit 6.96% 5.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.10M $58.40M
YoY Change 1.2% 11.03%
% of Gross Profit 36.06% 37.27%
Operating Expenses $137.1M $135.0M
YoY Change 1.54% 8.04%
Operating Profit $109.6M $93.87M
YoY Change 16.74% 12.97%
Interest Expense $27.48M $27.77M
YoY Change -1.02% 16.14%
% of Operating Profit 25.08% 29.58%
Other Income/Expense, Net
YoY Change
Pretax Income $82.70M $65.50M
YoY Change 26.26% 10.83%
Income Tax
% Of Pretax Income
Net Earnings $80.90M $63.60M
YoY Change 27.21% -16.64%
Net Earnings / Revenue 35.1% 28.28%
Basic Earnings Per Share $1.05 $0.84
Diluted Earnings Per Share $1.05 $0.84
COMMON SHARES
Basic Shares Outstanding 74.71M shares 72.99M shares
Diluted Shares Outstanding 74.71M shares 73.03M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $105.9M $56.10M
YoY Change 88.77% -41.74%
Cash & Equivalents $105.9M $56.12M
Short-Term Investments
Other Short-Term Assets $169.1M $268.7M
YoY Change -37.07% 27.53%
Inventory
Prepaid Expenses
Receivables $138.9M $149.9M
Other Receivables $30.40M $30.40M
Total Short-Term Assets $444.3M $505.1M
YoY Change -12.04% -0.26%
LONG-TERM ASSETS
Property, Plant & Equipment $5.868B $5.747B
YoY Change 2.11% 8.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $30.80M $22.60M
YoY Change 36.28% 61.43%
Other Assets $40.30M $27.80M
YoY Change 44.96%
Total Long-Term Assets $5.939B $5.798B
YoY Change 2.45% 9.45%
TOTAL ASSETS
Total Short-Term Assets $444.3M $505.1M
Total Long-Term Assets $5.939B $5.798B
Total Assets $6.384B $6.303B
YoY Change 1.29% 8.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $177.1M $178.7M
YoY Change -0.9% -6.19%
Accrued Expenses $74.50M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $351.0M $271.6M
YoY Change 29.23% -2.58%
LONG-TERM LIABILITIES
Long-Term Debt $3.230B $3.321B
YoY Change -2.73% 5.65%
Other Long-Term Liabilities $157.5M $181.6M
YoY Change -13.27% 26.99%
Total Long-Term Liabilities $3.387B $3.502B
YoY Change -3.28% 6.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $351.0M $271.6M
Total Long-Term Liabilities $3.387B $3.502B
Total Liabilities $3.738B $3.774B
YoY Change -0.94% 5.86%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.090B $2.886B
YoY Change 7.08% 5.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.407B $2.265B
YoY Change
Total Liabilities & Shareholders Equity $6.384B $6.303B
YoY Change 1.29% 8.6%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $80.90M $63.60M
YoY Change 27.21% -16.64%
Depreciation, Depletion And Amortization $59.10M $58.40M
YoY Change 1.2% 11.03%
Cash From Operating Activities $137.4M $138.9M
YoY Change -1.08% 20.99%
INVESTING ACTIVITIES
Capital Expenditures -$92.80M -$98.20M
YoY Change -5.5% -35.05%
Acquisitions
YoY Change
Other Investing Activities $83.40M $65.70M
YoY Change 26.94% 50.0%
Cash From Investing Activities -$9.400M -$32.50M
YoY Change -71.08% -69.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00M -71.20M
YoY Change -1.69% -206.11%
NET CHANGE
Cash From Operating Activities 137.4M 138.9M
Cash From Investing Activities -9.400M -32.50M
Cash From Financing Activities -70.00M -71.20M
Net Change In Cash 58.00M 35.20M
YoY Change 64.77% -52.75%
FREE CASH FLOW
Cash From Operating Activities $137.4M $138.9M
Capital Expenditures -$92.80M -$98.20M
Free Cash Flow $230.2M $237.1M
YoY Change -2.91% -10.86%

Facts In Submission

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NetIncomeLossAvailableToCommonStockholdersBasic
78891000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
61584000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
137025000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
120821000 USD
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.83
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.65
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74713000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72990000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74458000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72948000 shares
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74713000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73025000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74458000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72997000 shares
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
82268000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
65456000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
143862000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
128854000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
80503000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
63518000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
140438000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
125232000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2467330000 USD
us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
-7098000 USD
frt Profit Loss Excluding Redeemable Noncontrolling Interests
ProfitLossExcludingRedeemableNoncontrollingInterests
142687000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-608000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
68304000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
152555000 USD
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
4021000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7664000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
1054000 USD
frt Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
6992000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4442000 USD
frt Conversion And Redemption Of Operating Partnership Units
ConversionAndRedemptionOfOperatingPartnershipUnits
0 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-667000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2510646000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2501563000 USD
CY2019Q2 frt Profit Loss Excluding Redeemable Noncontrolling Interests
ProfitLossExcludingRedeemableNoncontrollingInterests
81760000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-399000 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
76449000 USD
CY2019Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2011000 USD
CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
6398000 USD
CY2019Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
8951000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
526000 USD
CY2019Q2 frt Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
3131000 USD
CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
28000 USD
CY2019Q2 frt Conversion And Redemption Of Operating Partnership Units
ConversionAndRedemptionOfOperatingPartnershipUnits
0 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2510646000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2391514000 USD
us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
-6028000 USD
frt Profit Loss Excluding Redeemable Noncontrolling Interests
ProfitLossExcludingRedeemableNoncontrollingInterests
126466000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
390000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
146399000 USD
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
4021000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2767000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
18320000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4041000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
1086000 USD
frt Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
7144000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
777000 USD
frt Conversion And Redemption Of Operating Partnership Units
ConversionAndRedemptionOfOperatingPartnershipUnits
4386000 USD
frt Contributionsfromnoncontrollinginterests
Contributionsfromnoncontrollinginterests
3009000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2387592000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2373110000 USD
CY2018Q2 frt Profit Loss Excluding Redeemable Noncontrolling Interests
ProfitLossExcludingRedeemableNoncontrollingInterests
64550000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-77000 USD
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
73246000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2779000 USD
CY2018Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2011000 USD
CY2018Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1419000 USD
CY2018Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
18316000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
539000 USD
CY2018Q2 frt Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
3274000 USD
CY2018Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
24000 USD
CY2018Q2 frt Conversion And Redemption Of Operating Partnership Units
ConversionAndRedemptionOfOperatingPartnershipUnits
1208000 USD
CY2018Q2 frt Contributionsfromnoncontrollinginterests
Contributionsfromnoncontrollinginterests
3009000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2387592000 USD
us-gaap Profit Loss
ProfitLoss
144470000 USD
us-gaap Profit Loss
ProfitLoss
128464000 USD
frt Adjustment Depreciation And Amortization
AdjustmentDepreciationAndAmortization
118679000 USD
frt Adjustment Depreciation And Amortization
AdjustmentDepreciationAndAmortization
116491000 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
16197000 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
7288000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1053000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1253000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2138000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2825000 USD
frt Proceedsfromnewmarkettaxcredittransactionnetofdeferredcosts
Proceedsfromnewmarkettaxcredittransactionnetofdeferredcosts
0 USD
frt Proceedsfromnewmarkettaxcredittransactionnetofdeferredcosts
Proceedsfromnewmarkettaxcredittransactionnetofdeferredcosts
12353000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
5325000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
3805000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7800000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-10077000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1493000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1286000 USD
frt Increase Decrease In Security Deposits And Other Liabilities
IncreaseDecreaseInSecurityDepositsAndOtherLiabilities
-8838000 USD
frt Increase Decrease In Security Deposits And Other Liabilities
IncreaseDecreaseInSecurityDepositsAndOtherLiabilities
4027000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
242287000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
263111000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
25176000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
1736000 USD
frt Capital Expenditures Development Redevelopment
CapitalExpendituresDevelopmentRedevelopment
133570000 USD
frt Capital Expenditures Development Redevelopment
CapitalExpendituresDevelopmentRedevelopment
150119000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
36669000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
35654000 USD
frt Proceedsfromthesaleofrealestateandrealestatepartnershipinterests
Proceedsfromthesaleofrealestateandrealestatepartnershipinterests
93025000 USD
frt Proceedsfromthesaleofrealestateandrealestatepartnershipinterests
Proceedsfromthesaleofrealestateandrealestatepartnershipinterests
121391000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
907000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
120000 USD
us-gaap Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
1301000 USD
us-gaap Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
205000 USD
us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
11473000 USD
us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
12339000 USD
frt Issuance And Repayments Of Mortgage And Other Notes Receivable Net
IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet
-101000 USD
frt Issuance And Repayments Of Mortgage And Other Notes Receivable Net
IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet
323000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-113368000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-78695000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
48000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
297076000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
298100000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
13408000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
68461000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
22492000 USD
frt Dividends Paid To Common And Preferred Shareholders
DividendsPaidToCommonAndPreferredShareholders
154965000 USD
frt Dividends Paid To Common And Preferred Shareholders
DividendsPaidToCommonAndPreferredShareholders
149603000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4442000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
777000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
161000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1728000 USD
frt Paymentsofdividendsandredemptionsminorityinterest
Paymentsofdividendsandredemptionsminorityinterest
5173000 USD
frt Paymentsofdividendsandredemptionsminorityinterest
Paymentsofdividendsandredemptionsminorityinterest
9086000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-96982000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-100654000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
31937000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
83762000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108332000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25200000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140269000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108962000 USD
us-gaap Nature Of Operations
NatureOfOperations
BUSINESS AND ORGANIZATION<div style="line-height:120%;padding-top:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Federal Realty Investment Trust (the “Trust”) is an equity real estate investment trust (“REIT”) specializing in the ownership, management, and redevelopment of retail and mixed-use properties. Our properties are located primarily in densely populated and affluent communities in strategically selected metropolitan markets in the Mid-Atlantic and Northeast regions of the United States, California, and South Florida. As of </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;">, we owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as </span><span style="font-family:inherit;font-size:10pt;"><span>104</span></span><span style="font-family:inherit;font-size:10pt;"> predominantly retail real estate projects.</span></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We operate in a manner intended to enable us to qualify as a REIT for federal income tax purposes. A REIT that distributes at least </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>90%</span></span><span style="font-family:inherit;font-size:10pt;"> of its taxable income to its shareholders each year and meets certain other conditions is not taxed on that portion of its taxable income which is distributed to its shareholders. Therefore, federal income taxes on our taxable income have been and are generally expected to be immaterial. We are obligated to pay state taxes, generally consisting of franchise or gross receipts taxes in certain states. Such state taxes also have not been material.</span></div>
CY2019Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
104 project
frt Minimum Percentage Of Taxable Income Distributed To Shareholders
MinimumPercentageOfTaxableIncomeDistributedToShareholders
0.90
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, referred to as “GAAP,” requires management to make estimates and assumptions that in certain circumstances affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management’s best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.</span></div>
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
321000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
642000 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1455000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2911000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1493000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
2997000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
129000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
220000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
3398000 USD
us-gaap Lease Cost
LeaseCost
6770000 USD
CY2019Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1433000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2893000 USD
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1268000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2779000 USD
CY2019Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
16000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
41000 USD
CY2019Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P18Y7M6D
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P53Y8M12D
CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.080
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
us-gaap Interest Costs Incurred
InterestCostsIncurred
64755000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
64685000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
9240000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
10735000 USD
us-gaap Interest Expense
InterestExpense
55515000 USD
us-gaap Interest Expense
InterestExpense
53950000 USD
us-gaap Interest Paid Net
InterestPaidNet
53588000 USD
us-gaap Interest Paid Net
InterestPaidNet
52997000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
419000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
692000 USD
frt Redemptionofoperatingpartnershipunitsforcommonshares
Redemptionofoperatingpartnershipunitsforcommonshares
11935000 USD
frt Redemptionofoperatingpartnershipunitsforcommonshares
Redemptionofoperatingpartnershipunitsforcommonshares
0 USD
frt Dividends Reinvested In Noncash Financing Transaction
DividendsReinvestedInNoncashFinancingTransaction
897000 USD
frt Dividends Reinvested In Noncash Financing Transaction
DividendsReinvestedInNoncashFinancingTransaction
955000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
105903000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
64087000 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
34366000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
44245000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140269000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108332000 USD
CY2019Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
800000000.0 USD
CY2019Q2 us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
81000000.0 USD
us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
116500000 USD
CY2019Q2 frt Lineofcreditfacilityweightedaverageinterestratebeforeamortizationofdebt Fees
LineofcreditfacilityweightedaverageinterestratebeforeamortizationofdebtFees
0.032
CY2019Q2 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
27100000 USD
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
45100000 USD
CY2019Q2 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2019Q2 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
627171 shares
CY2019Q2 frt Operating Partnership Units Fair Value
OperatingPartnershipUnitsFairValue
80800000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.040
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.040
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.000
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3131000 USD
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3274000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6992000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7144000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
201000 USD
CY2018Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
488000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
472000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
926000 USD
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2930000 USD
CY2018Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2786000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6520000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6218000 USD
CY2019Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
200000 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
300000 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
682 shares
CY2019Q2 us-gaap Profit Loss
ProfitLoss
82667000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
65533000 USD
us-gaap Profit Loss
ProfitLoss
144470000 USD
us-gaap Profit Loss
ProfitLoss
128464000 USD
CY2019Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2011000 USD
CY2018Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2011000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4021000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4021000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1765000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1938000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3424000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3622000 USD
CY2019Q2 frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
226000 USD
CY2018Q2 frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
255000 USD
frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
439000 USD
frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
508000 USD
CY2019Q2 frt Net Income Available For Common Shareholders Basic And Diluted
NetIncomeAvailableForCommonShareholdersBasicAndDiluted
78665000 USD
CY2018Q2 frt Net Income Available For Common Shareholders Basic And Diluted
NetIncomeAvailableForCommonShareholdersBasicAndDiluted
61329000 USD
frt Net Income Available For Common Shareholders Basic And Diluted
NetIncomeAvailableForCommonShareholdersBasicAndDiluted
136586000 USD
frt Net Income Available For Common Shareholders Basic And Diluted
NetIncomeAvailableForCommonShareholdersBasicAndDiluted
120313000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74713000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72990000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74458000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72948000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
35000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
49000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74713000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73025000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74458000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72997000 shares
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.83
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.65
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65

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