2021 Q4 Form 10-Q Financial Statement

#000003490321000076 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $254.2M $247.3M $208.2M
YoY Change 15.79% 18.77% -11.01%
Cost Of Revenue $86.87M $78.85M $72.40M
YoY Change 12.24% 8.9% -13.29%
Gross Profit $167.3M $168.4M $135.8M
YoY Change 17.72% 24.03% -9.71%
Gross Profit Margin 65.82% 68.11% 65.23%
Selling, General & Admin $14.50M $12.25M $9.300M
YoY Change 17.88% 31.75% -16.22%
% of Gross Profit 8.67% 7.27% 6.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $77.82M $70.61M $65.60M
YoY Change 20.83% 7.64% 10.07%
% of Gross Profit 46.52% 41.92% 48.31%
Operating Expenses $92.32M $161.7M $147.3M
YoY Change 20.2% 9.79% -4.49%
Operating Profit $74.97M $85.57M $3.688M
YoY Change 14.81% 2220.31% -96.08%
Interest Expense -$30.75M $32.25M $36.23M
YoY Change -19.93% -10.98% 33.92%
% of Operating Profit -41.01% 37.69% 982.32%
Other Income/Expense, Net
YoY Change
Pretax Income $116.7M $54.54M -$33.60M
YoY Change 14.23% -262.32% -150.07%
Income Tax
% Of Pretax Income
Net Earnings $114.9M $52.12M -$28.29M
YoY Change 21.37% -284.25% -143.21%
Net Earnings / Revenue 45.22% 21.08% -13.59%
Basic Earnings Per Share $0.64 -$0.41
Diluted Earnings Per Share $1.482M $0.64 -$0.41
COMMON SHARES
Basic Shares Outstanding 77.79M shares 77.49M shares 75.40M shares
Diluted Shares Outstanding 77.58M shares 75.40M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $162.1M $177.6M $863.3M
YoY Change -79.69% -79.43% 431.26%
Cash & Equivalents $162.1M $177.6M $863.3M
Short-Term Investments
Other Short-Term Assets $224.0M $232.0M $203.9M
YoY Change 11.8% 13.79% 4.51%
Inventory
Prepaid Expenses
Receivables $169.0M $159.8M $164.9M
Other Receivables $9.543M $9.521M $39.90M
Total Short-Term Assets $564.7M $579.0M $1.272B
YoY Change -52.88% -54.48% 139.14%
LONG-TERM ASSETS
Property, Plant & Equipment $7.032B $7.033B $6.392B
YoY Change 10.41% 10.03% 7.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $13.03M $12.08M $22.10M
YoY Change -41.05% -45.34% -26.33%
Other Assets $13.03M $10.31M $25.20M
YoY Change -29.94% -59.07% -73.25%
Total Long-Term Assets $7.058B $7.055B $6.439B
YoY Change 10.12% 9.57% 5.98%
TOTAL ASSETS
Total Short-Term Assets $564.7M $579.0M $1.272B
Total Long-Term Assets $7.058B $7.055B $6.439B
Total Assets $7.622B $7.634B $7.711B
YoY Change 0.19% -1.0% 16.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $235.2M $244.3M $276.4M
YoY Change 2.87% -11.62% 24.62%
Accrued Expenses $72.66M $73.61M $72.90M
YoY Change 0.36% 0.97% -1.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $419.7M $428.5M $451.7M
YoY Change 3.58% -5.14% 13.61%
LONG-TERM LIABILITIES
Long-Term Debt $4.120B $4.236B $4.533B
YoY Change -5.59% -6.54% 35.35%
Other Long-Term Liabilities $206.2M $210.4M $148.9M
YoY Change 35.29% 41.32% -10.03%
Total Long-Term Liabilities $4.326B $4.447B $4.682B
YoY Change -4.21% -5.02% 33.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $419.7M $428.5M $451.7M
Total Long-Term Liabilities $4.326B $4.447B $4.682B
Total Liabilities $4.745B $4.875B $5.133B
YoY Change -3.57% -5.03% 31.22%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.490B $3.400B $3.175B
YoY Change 5.81% 7.08% 0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.581B $2.461B $2.328B
YoY Change
Total Liabilities & Shareholders Equity $7.622B $7.634B $7.711B
YoY Change 0.19% -1.0% 16.7%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $114.9M $52.12M -$28.29M
YoY Change 21.37% -284.25% -143.21%
Depreciation, Depletion And Amortization $77.82M $70.61M $65.60M
YoY Change 20.83% 7.64% 10.07%
Cash From Operating Activities $105.3M $118.8M $87.00M
YoY Change 3.76% 36.58% -14.71%
INVESTING ACTIVITIES
Capital Expenditures -$109.0M -$147.8M -$105.8M
YoY Change -28.63% 39.69% -18.49%
Acquisitions
YoY Change
Other Investing Activities $110.7M -$4.077M -$10.60M
YoY Change -29.88% -61.54% -166.25%
Cash From Investing Activities $1.724M -$151.9M -$116.4M
YoY Change -66.85% 30.47% 2.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -119.8M -95.99M -83.40M
YoY Change -32.82% 15.1% -206.24%
NET CHANGE
Cash From Operating Activities 105.3M 118.8M 87.00M
Cash From Investing Activities 1.724M -151.9M -116.4M
Cash From Financing Activities -119.8M -95.99M -83.40M
Net Change In Cash -12.74M -129.0M -112.8M
YoY Change -82.2% 14.39% -269.37%
FREE CASH FLOW
Cash From Operating Activities $105.3M $118.8M $87.00M
Capital Expenditures -$109.0M -$147.8M -$105.8M
Free Cash Flow $214.3M $266.6M $192.8M
YoY Change -15.69% 38.29% -16.82%

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IncomeLossFromEquityMethodInvestments
1129000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1621000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-86000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-6657000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
54541000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-33623000 USD
us-gaap Profit Loss
ProfitLoss
152339000 USD
us-gaap Profit Loss
ProfitLoss
33677000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2419000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5334000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5777000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3304000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
52122000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-28289000 USD
us-gaap Net Income Loss
NetIncomeLoss
146562000 USD
us-gaap Net Income Loss
NetIncomeLoss
36981000 USD
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2010000 USD
CY2020Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2010000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6031000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6031000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
50112000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-30299000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
140531000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30950000 USD
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.41
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77485000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75404000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77269000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75386000 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77575000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75404000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77287000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75386000 shares
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
55095000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-33165000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
155530000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
27190000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
52634000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-27831000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
149480000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
30494000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2548747000 USD
frt Profit Loss Excluding Redeemable Noncontrolling Interests
ProfitLossExcludingRedeemableNoncontrollingInterests
148867000 USD
frt Other Comprehensive Income Loss Net Of Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfPortionAttributableToNoncontrollingInterest
2918000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
248000000 USD
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
6031000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3282000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
87066000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
1507000 USD
frt Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
10874000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2939000 USD
frt Conversion And Redemption Of Operating Partnership Units
ConversionAndRedemptionOfOperatingPartnershipUnits
99000 USD
frt Contributionsfromnoncontrollinginterests
Contributionsfromnoncontrollinginterests
6554000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2546182000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2575839000 USD
CY2021Q3 frt Profit Loss Excluding Redeemable Noncontrolling Interests
ProfitLossExcludingRedeemableNoncontrollingInterests
52946000 USD
CY2021Q3 frt Other Comprehensive Income Loss Net Of Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfPortionAttributableToNoncontrollingInterest
512000 USD
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
83212000 USD
CY2021Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2010000 USD
CY2021Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1555000 USD
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-67000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
488000 USD
CY2021Q3 frt Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
3367000 USD
CY2021Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
126000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2546182000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2636132000 USD
frt Adoption Of New Accounting Standard
AdoptionOfNewAccountingStandard
-510000 USD
frt Profit Loss Excluding Redeemable Noncontrolling Interests
ProfitLossExcludingRedeemableNoncontrollingInterests
32050000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6487000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
238980000 USD
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
6031000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2465000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
1461000 USD
frt Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
10144000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4035000 USD
frt Conversion And Redemption Of Operating Partnership Units
ConversionAndRedemptionOfOperatingPartnershipUnits
3320000 USD
frt Contributionsfromnoncontrollinginterests
Contributionsfromnoncontrollinginterests
120000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2418084000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2531101000 USD
CY2020Q3 frt Profit Loss Excluding Redeemable Noncontrolling Interests
ProfitLossExcludingRedeemableNoncontrollingInterests
-34093000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
458000 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
80170000 USD
CY2020Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2010000 USD
CY2020Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
788000 USD
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
506000 USD
CY2020Q3 frt Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
3115000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
38000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2418084000 USD
us-gaap Profit Loss
ProfitLoss
152339000 USD
us-gaap Profit Loss
ProfitLoss
33677000 USD
frt Adjustment Depreciation And Amortization
AdjustmentDepreciationAndAmortization
202160000 USD
frt Adjustment Depreciation And Amortization
AdjustmentDepreciationAndAmortization
190603000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
57218000 USD
frt Gain On Sale Of Real Estate And Change In Control Of Interest
GainOnSaleOfRealEstateAndChangeInControlOfInterest
17428000 USD
frt Gain On Sale Of Real Estate And Change In Control Of Interest
GainOnSaleOfRealEstateAndChangeInControlOfInterest
11682000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-86000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-6657000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3460000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5158000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-4857000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
11537000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6004000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7672000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
15505000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
14708000 USD
frt Increase Decrease In Security Deposits And Other Liabilities
IncreaseDecreaseInSecurityDepositsAndOtherLiabilities
11061000 USD
frt Increase Decrease In Security Deposits And Other Liabilities
IncreaseDecreaseInSecurityDepositsAndOtherLiabilities
-8708000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
366036000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
268422000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
366466000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
9589000 USD
frt Capital Expenditures Development Redevelopment
CapitalExpendituresDevelopmentRedevelopment
282833000 USD
frt Capital Expenditures Development Redevelopment
CapitalExpendituresDevelopmentRedevelopment
302666000 USD
frt Capital Expenditures Other
CapitalExpendituresOther
48693000 USD
frt Capital Expenditures Other
CapitalExpendituresOther
46530000 USD
frt Costsassociatedwithleasebuyoutforapropertysold
Costsassociatedwithleasebuyoutforapropertysold
0 USD
frt Costsassociatedwithleasebuyoutforapropertysold
Costsassociatedwithleasebuyoutforapropertysold
12924000 USD
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
19896000 USD
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
18096000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
2657000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
1607000 USD
us-gaap Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
1868000 USD
us-gaap Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
849000 USD
us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
14079000 USD
us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
8668000 USD
frt Issuance And Repayments Of Mortgage And Other Notes Receivable Net
IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet
-31122000 USD
frt Issuance And Repayments Of Mortgage And Other Notes Receivable Net
IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet
10533000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-661842000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-373572000 USD
frt Coststoamendlineofcreditfacility
Coststoamendlineofcreditfacility
0 USD
frt Coststoamendlineofcreditfacility
Coststoamendlineofcreditfacility
638000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
700069000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
398742000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
160307000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
4846000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
87279000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
170000 USD
frt Dividends Paid To Common And Preferred Shareholders
DividendsPaidToCommonAndPreferredShareholders
250849000 USD
frt Dividends Paid To Common And Preferred Shareholders
DividendsPaidToCommonAndPreferredShareholders
242853000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2939000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4035000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
104000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
frt Paymentsofdividendsandredemptionsminorityinterest
Paymentsofdividendsandredemptionsminorityinterest
6473000 USD
frt Paymentsofdividendsandredemptionsminorityinterest
Paymentsofdividendsandredemptionsminorityinterest
6634000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-333185000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
839975000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-628991000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
734825000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
816896000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
153614000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
187905000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
888439000 USD
us-gaap Nature Of Operations
NatureOfOperations
BUSINESS AND ORGANIZATION<div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 communities where we believe retail demand exceeds supply, in strategically selected metropolitan markets in the Mid-Atlantic and Northeast regions of the United States, California, and South Florida. As of September 30, 2021, we owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 106 predominantly retail real estate projects.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 90% 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>
CY2021Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
106 project
frt Minimum Percentage Of Taxable Income Distributed To Shareholders
MinimumPercentageOfTaxableIncomeDistributedToShareholders
0.90
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
CY2021Q3 frt Collectibilityadjustment
Collectibilityadjustment
600000 USD
frt Collectibilityadjustment
Collectibilityadjustment
21800000 USD
CY2020Q3 frt Collectibilityadjustment
Collectibilityadjustment
29400000 USD
frt Collectibilityadjustment
Collectibilityadjustment
87600000 USD
CY2021Q3 frt Tenantswithrevenuerecognizedonacashbasismethod
Tenantswithrevenuerecognizedonacashbasismethod
0.35
CY2021Q2 frt Net Proceeds From Repayment Of Mortgage Notes Receivable
NetProceedsFromRepaymentOfMortgageNotesReceivable
33800000 USD
CY2021Q2 frt Decrease In Mortgage Notes Receivable Net Of Valuation Allowance
DecreaseInMortgageNotesReceivableNetOfValuationAllowance
30300000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
113691000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
116015000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
18180000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
17269000 USD
us-gaap Interest Expense
InterestExpense
95511000 USD
us-gaap Interest Expense
InterestExpense
98746000 USD
us-gaap Interest Paid Net
InterestPaidNet
91887000 USD
us-gaap Interest Paid Net
InterestPaidNet
89447000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
326000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
430000 USD
frt Valueofdown Reit Operating Partnership Units Issued With Acq.Of Noncontrolling Interest
ValueofdownREITOperatingPartnershipUnitsIssuedWithAcq.ofNoncontrollingInterest
0 USD
frt Valueofdown Reit Operating Partnership Units Issued With Acq.Of Noncontrolling Interest
ValueofdownREITOperatingPartnershipUnitsIssuedWithAcq.ofNoncontrollingInterest
18920000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
8903000 USD
frt Redemptionofoperatingpartnershipunitsforcommonshares
Redemptionofoperatingpartnershipunitsforcommonshares
5121000 USD
frt Redemptionofoperatingpartnershipunitsforcommonshares
Redemptionofoperatingpartnershipunitsforcommonshares
0 USD
frt Dividends Reinvested In Noncash Financing Transaction
DividendsReinvestedInNoncashFinancingTransaction
1294000 USD
frt Dividends Reinvested In Noncash Financing Transaction
DividendsReinvestedInNoncashFinancingTransaction
1296000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
177591000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
798329000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10314000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
18567000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
187905000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
816896000 USD
us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
0 USD
CY2021Q3 us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
0 USD
CY2021Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000000 USD
CY2021Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-200000 USD
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-700000 USD
CY2021Q3 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
694133 shares
CY2021Q3 frt Operating Partnership Units Fair Value
OperatingPartnershipUnitsFairValue
81900000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.190
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.180
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.160
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.150
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3367000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3115000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10874000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10144000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
336000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
335000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1094000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
977000 USD
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
3031000 USD
CY2020Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2780000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
9780000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
9167000 USD
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
300000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
300000 shares
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
200000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
200000 shares
CY2021Q3 us-gaap Profit Loss
ProfitLoss
54541000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-33623000 USD
us-gaap Profit Loss
ProfitLoss
152339000 USD
us-gaap Profit Loss
ProfitLoss
33677000 USD
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2010000 USD
CY2020Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2010000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6031000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6031000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2419000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5334000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5777000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3304000 USD
CY2021Q3 frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
309000 USD
CY2020Q3 frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
249000 USD
frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
901000 USD
frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
745000 USD
CY2021Q3 frt Net Income Available For Common Shareholders Basic And Diluted
NetIncomeAvailableForCommonShareholdersBasicAndDiluted
49803000 USD
CY2020Q3 frt Net Income Available For Common Shareholders Basic And Diluted
NetIncomeAvailableForCommonShareholdersBasicAndDiluted
-30548000 USD
frt Net Income Available For Common Shareholders Basic And Diluted
NetIncomeAvailableForCommonShareholdersBasicAndDiluted
139630000 USD
frt Net Income Available For Common Shareholders Basic And Diluted
NetIncomeAvailableForCommonShareholdersBasicAndDiluted
30205000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77485000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75404000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77269000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75386000 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
90000 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
18000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77575000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75404000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77287000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75386000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.41
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40

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