$FRT
FEDERAL REALTY INVESTMENT TRUST

2022 Q4 Form 10-Q Financial Statement

#000003490322000068 Filed on November 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $280.1M $273.5M
YoY Change 10.19% 10.58%
Cost Of Revenue $95.97M $91.61M
YoY Change 10.47% 16.19%
Gross Profit $184.1M $181.8M
YoY Change 10.05% 7.96%
Gross Profit Margin 65.73% 66.5%
Selling, General & Admin $13.59M $13.10M
YoY Change -6.27% 6.91%
% of Gross Profit 7.38% 7.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $79.16M $77.11M
YoY Change 1.73% 9.2%
% of Gross Profit 43.0% 42.41%
Operating Expenses $92.76M $181.8M
YoY Change 0.48% 12.44%
Operating Profit $91.34M $191.7M
YoY Change 21.83% 124.05%
Interest Expense -$37.41M $35.06M
YoY Change 21.65% 8.72%
% of Operating Profit -40.95% 18.29%
Other Income/Expense, Net
YoY Change
Pretax Income $117.7M $158.8M
YoY Change 0.81% 191.11%
Income Tax
% Of Pretax Income
Net Earnings $113.3M $156.1M
YoY Change -1.43% 199.56%
Net Earnings / Revenue 40.45% 57.1%
Basic Earnings Per Share $1.90
Diluted Earnings Per Share $1.39 $1.89
COMMON SHARES
Basic Shares Outstanding 81.21M shares 80.91M shares
Diluted Shares Outstanding 81.51M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $85.56M $146.2M
YoY Change -47.23% -17.67%
Cash & Equivalents $85.56M $146.2M
Short-Term Investments
Other Short-Term Assets $256.6M $253.8M
YoY Change 14.54% 9.38%
Inventory
Prepaid Expenses
Receivables $197.6M $187.1M
Other Receivables $9.456M $9.475M
Total Short-Term Assets $549.3M $596.6M
YoY Change -2.73% 3.05%
LONG-TERM ASSETS
Property, Plant & Equipment $7.529B $7.485B
YoY Change 7.07% 6.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $145.2M $122.8M
YoY Change 1014.65% 916.82%
Other Assets $10.79M $12.42M
YoY Change -17.2% 20.44%
Total Long-Term Assets $7.685B $7.620B
YoY Change 8.89% 8.01%
TOTAL ASSETS
Total Short-Term Assets $549.3M $596.6M
Total Long-Term Assets $7.685B $7.620B
Total Assets $8.234B $8.217B
YoY Change 8.02% 7.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $190.3M $245.6M
YoY Change -19.06% 0.55%
Accrued Expenses $77.74M $78.23M
YoY Change 6.99% 6.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $386.9M $442.0M
YoY Change -7.83% 3.15%
LONG-TERM LIABILITIES
Long-Term Debt $4.397B $4.365B
YoY Change 6.74% 3.03%
Other Long-Term Liabilities $237.7M $242.8M
YoY Change 15.28% 15.38%
Total Long-Term Liabilities $4.635B $4.607B
YoY Change 7.14% 3.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $386.9M $442.0M
Total Long-Term Liabilities $4.635B $4.607B
Total Liabilities $5.022B $5.049B
YoY Change 5.82% 3.57%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.823B $3.795B
YoY Change 9.54% 11.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.954B $2.901B
YoY Change
Total Liabilities & Shareholders Equity $8.234B $8.217B
YoY Change 8.02% 7.63%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $113.3M $156.1M
YoY Change -1.43% 199.56%
Depreciation, Depletion And Amortization $79.16M $77.11M
YoY Change 1.73% 9.2%
Cash From Operating Activities $107.5M $148.8M
YoY Change 2.05% 25.2%
INVESTING ACTIVITIES
Capital Expenditures $141.3M -$419.3M
YoY Change -229.67% 183.71%
Acquisitions
YoY Change
Other Investing Activities $25.47M $49.21M
YoY Change -76.99% -1307.09%
Cash From Investing Activities -$115.8M -$370.1M
YoY Change -6819.66% 143.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -53.92M 185.4M
YoY Change -54.99% -293.14%
NET CHANGE
Cash From Operating Activities 107.5M 148.8M
Cash From Investing Activities -115.8M -370.1M
Cash From Financing Activities -53.92M 185.4M
Net Change In Cash -62.29M -35.92M
YoY Change 388.84% -72.16%
FREE CASH FLOW
Cash From Operating Activities $107.5M $148.8M
Capital Expenditures $141.3M -$419.3M
Free Cash Flow -$33.84M $568.1M
YoY Change -115.79% 113.07%

Facts In Submission

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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81511000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77575000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80137000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77287000 shares
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
161569000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
55095000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
286902000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
155530000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
158672000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
52634000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
277929000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
149480000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2876427000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
1774000 usd
CY2022Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
157000000 usd
CY2022Q3 frt Other Comprehensive Income Loss Attributable To Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossAttributableToRedeemableNoncontrollingInterest
261000 usd
CY2022Q3 frt Other Comprehensive Income Loss Net Of Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfPortionAttributableToNoncontrollingInterest
2534000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.08
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
87694000 usd
CY2022Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2008000 usd
CY2022Q3 frt Redeemable Noncontrolling Interest Decrease From Distributions To Redeemable Noncontrolling Interest Holders
RedeemableNoncontrollingInterestDecreaseFromDistributionsToRedeemableNoncontrollingInterestHolders
1974000 usd
CY2022Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1441000 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
32892000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
35000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
573000 usd
CY2022Q3 frt Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
3579000 usd
CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
248000 usd
CY2022Q3 frt Deconsolidation From Vie
DeconsolidationFromVIE
972000 usd
CY2022Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
-741000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2981880000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2663148000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
5301000 usd
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
272668000 usd
frt Other Comprehensive Income Loss Attributable To Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossAttributableToRedeemableNoncontrollingInterest
802000 usd
frt Other Comprehensive Income Loss Net Of Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfPortionAttributableToNoncontrollingInterest
8131000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.22
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
256867000 usd
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
6026000 usd
frt Redeemable Noncontrolling Interest Decrease From Distributions To Redeemable Noncontrolling Interest Holders
RedeemableNoncontrollingInterestDecreaseFromDistributionsToRedeemableNoncontrollingInterestHolders
6112000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4066000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
292344000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
35000 usd
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
1584000 usd
frt Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
11258000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4886000 usd
frt Deconsolidation From Vie
DeconsolidationFromVIE
972000 usd
us-gaap Stockholders Equity Other
StockholdersEquityOther
3585000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2981880000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2575839000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
1595000 usd
CY2021Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
52946000 usd
CY2021Q3 frt Other Comprehensive Income Loss Attributable To Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossAttributableToRedeemableNoncontrollingInterest
42000 usd
CY2021Q3 frt Other Comprehensive Income Loss Net Of Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfPortionAttributableToNoncontrollingInterest
512000 usd
frt Deconsolidation Of Vie Gain Loss Amount
DeconsolidationOfVIEGainLossAmount
0 usd
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.07
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
83212000 usd
CY2021Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2010000 usd
CY2021Q3 frt Redeemable Noncontrolling Interest Decrease From Distributions To Redeemable Noncontrolling Interest Holders
RedeemableNoncontrollingInterestDecreaseFromDistributionsToRedeemableNoncontrollingInterestHolders
1310000 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
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2548747000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
3472000 usd
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
148867000 usd
frt Adjustment Depreciation And Amortization
AdjustmentDepreciationAndAmortization
223244000 usd
frt Other Comprehensive Income Loss Attributable To Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossAttributableToRedeemableNoncontrollingInterest
273000 usd
frt Other Comprehensive Income Loss Net Of Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfPortionAttributableToNoncontrollingInterest
2918000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.19
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
248000000 usd
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
6031000 usd
frt Redeemable Noncontrolling Interest Decrease From Distributions To Redeemable Noncontrolling Interest Holders
RedeemableNoncontrollingInterestDecreaseFromDistributionsToRedeemableNoncontrollingInterestHolders
3045000 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 Contributions From Redeemable Noncontrolling Interests
ContributionsFromRedeemableNoncontrollingInterests
74530000 usd
frt Contributionsfromnoncontrollinginterests
Contributionsfromnoncontrollinginterests
6554000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2546182000 usd
us-gaap Profit Loss
ProfitLoss
277969000 usd
us-gaap Profit Loss
ProfitLoss
152339000 usd
frt Adjustment Depreciation And Amortization
AdjustmentDepreciationAndAmortization
202160000 usd
frt Deconsolidation Of Vie Gain Loss Amount
DeconsolidationOfVIEGainLossAmount
70374000 usd
frt Gain On Sale Of Real Estate And Change In Control Of Interest
GainOnSaleOfRealEstateAndChangeInControlOfInterest
29723000 usd
frt Gain On Sale Of Real Estate And Change In Control Of Interest
GainOnSaleOfRealEstateAndChangeInControlOfInterest
17428000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4878000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-86000 usd
us-gaap Straight Line Rent
StraightLineRent
14414000 usd
us-gaap Straight Line Rent
StraightLineRent
4114000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10255000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
9780000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
3509000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2206000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
5519000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-4857000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1361000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6004000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13948000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
15505000 usd
frt Increase Decrease In Security Deposits And Other Liabilities
IncreaseDecreaseInSecurityDepositsAndOtherLiabilities
10933000 usd
frt Increase Decrease In Security Deposits And Other Liabilities
IncreaseDecreaseInSecurityDepositsAndOtherLiabilities
11061000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
409293000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
366036000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
429990000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
366466000 usd
frt Capital Expenditures Development Redevelopment
CapitalExpendituresDevelopmentRedevelopment
213881000 usd
frt Capital Expenditures Development Redevelopment
CapitalExpendituresDevelopmentRedevelopment
282833000 usd
frt Capital Expenditures Other
CapitalExpendituresOther
70004000 usd
frt Capital Expenditures Other
CapitalExpendituresOther
48693000 usd
frt Costsassociatedwithleasebuyoutforapropertysold
Costsassociatedwithleasebuyoutforapropertysold
2915000 usd
frt Costsassociatedwithleasebuyoutforapropertysold
Costsassociatedwithleasebuyoutforapropertysold
0 usd
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
66682000 usd
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
19896000 usd
us-gaap Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
4192000 usd
us-gaap Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
0 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
417000 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
2657000 usd
us-gaap Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
5076000 usd
us-gaap Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
1868000 usd
us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
17039000 usd
us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
14079000 usd
frt Issuance And Repayments Of Mortgage And Other Notes Receivable Net
IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet
3471000 usd
frt Issuance And Repayments Of Mortgage And Other Notes Receivable Net
IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet
-31122000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-670151000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-661842000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
267000000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 usd
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
18644000 usd
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
160307000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
292671000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
87279000 usd
frt Dividends Paid To Common And Preferred Shareholders
DividendsPaidToCommonAndPreferredShareholders
258009000 usd
frt Dividends Paid To Common And Preferred Shareholders
DividendsPaidToCommonAndPreferredShareholders
250849000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4886000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2939000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
104000 usd
frt Paymentsofdividendsandredemptionsminorityinterest
Paymentsofdividendsandredemptionsminorityinterest
33801000 usd
frt Paymentsofdividendsandredemptionsminorityinterest
Paymentsofdividendsandredemptionsminorityinterest
6473000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
244331000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-333185000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16527000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-628991000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
175163000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
816896000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
158636000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
187905000 usd
us-gaap Interest Expense
InterestExpense
95511000 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 "Parent Company" and the “Trust”) is an equity real estate investment trust (“REIT”). Federal Realty OP LP (the "Operating Partnership") is the entity through which the Parent Company conducts substantially all of its operations and owns all of its assets. The Parent Company owns 100% of the limited liability company interests of, is sole member of and exercises exclusive control over Federal Realty GP LLC ("the General Partner"), which in turn, is the sole general partner of the Operating Partnership. The Parent Company specializes in the ownership, management, and redevelopment of retail and mixed-use properties through the Operating Partnership, and has no other substantial assets or liabilities other than through its investment in the Operating Partnership. 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, 2022, we owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 104 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 the Trust 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>
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
104 project
frt Minimum Percentage Of Taxable Income Distributed To Shareholders
MinimumPercentageOfTaxableIncomeDistributedToShareholders
0.90
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
18180000 usd
us-gaap Interest Expense
InterestExpense
98707000 usd
us-gaap Interest Paid Net
InterestPaidNet
94712000 usd
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>
CY2022Q3 frt Collectibility Adjustment Increase Decrease To Revenue
CollectibilityAdjustmentIncreaseDecreaseToRevenue
-900000 usd
frt Collectibility Adjustment Increase Decrease To Revenue
CollectibilityAdjustmentIncreaseDecreaseToRevenue
-2900000 usd
CY2021Q3 frt Collectibility Adjustment Increase Decrease To Revenue
CollectibilityAdjustmentIncreaseDecreaseToRevenue
600000 usd
frt Collectibility Adjustment Increase Decrease To Revenue
CollectibilityAdjustmentIncreaseDecreaseToRevenue
21800000 usd
CY2022Q3 frt Tenantswithrevenuerecognizedonacashbasismethod
Tenantswithrevenuerecognizedonacashbasismethod
0.31
CY2022Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
47000000 usd
CY2022Q3 frt Deferred Rent Receivables Collected
DeferredRentReceivablesCollected
33000000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
112596000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
113691000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
13889000 usd
us-gaap Interest Paid Net
InterestPaidNet
91887000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
616000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
326000 usd
frt Redemptionofdown Rei Toperatingpartnershipunitsforcommonshares
RedemptionofdownREIToperatingpartnershipunitsforcommonshares
1385000 usd
frt Redemptionofdown Rei Toperatingpartnershipunitsforcommonshares
RedemptionofdownREIToperatingpartnershipunitsforcommonshares
5121000 usd
frt Dividends Reinvested In Noncash Financing Transaction
DividendsReinvestedInNoncashFinancingTransaction
1292000 usd
frt Dividends Reinvested In Noncash Financing Transaction
DividendsReinvestedInNoncashFinancingTransaction
1294000 usd
frt Redemption Of Series1 Preferred Shares For Common Shares
RedemptionOfSeries1PreferredSharesForCommonShares
175000 usd
frt Redemption Of Series1 Preferred Shares For Common Shares
RedemptionOfSeries1PreferredSharesForCommonShares
0 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
146214000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
162132000 usd
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
300000 shares
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12422000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
13031000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
158636000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
175163000 usd
CY2022Q3 us-gaap Derivative Assets
DerivativeAssets
6500000 usd
CY2022Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
100000 usd
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
300000 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
CY2022Q3 us-gaap Profit Loss
ProfitLoss
158774000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.220
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.210
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.190
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.180
CY2022Q3 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
300000 shares
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3579000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3367000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11258000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10874000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
344000 usd
CY2021Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
336000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1003000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1094000 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
3235000 usd
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
3031000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10255000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
9780000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
54541000 usd
us-gaap Profit Loss
ProfitLoss
277969000 usd
us-gaap Profit Loss
ProfitLoss
152339000 usd
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2008000 usd
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2010000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6026000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6031000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2636000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2419000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8171000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5777000 usd
CY2022Q3 frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
535000 usd
CY2021Q3 frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
309000 usd
frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
935000 usd
frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
901000 usd
CY2022Q3 frt Net Income Available For Common Shareholders Basic And Diluted
NetIncomeAvailableForCommonShareholdersBasicAndDiluted
153595000 usd
CY2021Q3 frt Net Income Available For Common Shareholders Basic And Diluted
NetIncomeAvailableForCommonShareholdersBasicAndDiluted
49803000 usd
frt Net Income Available For Common Shareholders Basic And Diluted
NetIncomeAvailableForCommonShareholdersBasicAndDiluted
262837000 usd
frt Net Income Available For Common Shareholders Basic And Diluted
NetIncomeAvailableForCommonShareholdersBasicAndDiluted
139630000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80765000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77485000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79480000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77269000 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
90000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
18000 shares
CY2022Q3 frt Common Shares Attributable To Dilutive Effect Of Down Reit Operating Partnership Units
CommonSharesAttributableToDilutiveEffectOfDownREITOperatingPartnershipUnits
652000 shares
CY2021Q3 frt Common Shares Attributable To Dilutive Effect Of Down Reit Operating Partnership Units
CommonSharesAttributableToDilutiveEffectOfDownREITOperatingPartnershipUnits
0 shares
frt Common Shares Attributable To Dilutive Effect Of Down Reit Operating Partnership Units
CommonSharesAttributableToDilutiveEffectOfDownREITOperatingPartnershipUnits
656000 shares
frt Common Shares Attributable To Dilutive Effect Of Down Reit Operating Partnership Units
CommonSharesAttributableToDilutiveEffectOfDownREITOperatingPartnershipUnits
0 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81511000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77575000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80137000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77287000 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.90
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.81
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.89
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.81

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