2023 Q4 Form 10-Q Financial Statement

#000003490323000064 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $291.8M $286.6M
YoY Change 4.2% 4.81%
Cost Of Revenue $95.69M $91.60M
YoY Change -0.28% -0.01%
Gross Profit $196.1M $195.0M
YoY Change 6.53% 7.24%
Gross Profit Margin 67.21% 68.04%
Selling, General & Admin $13.10M $13.10M
YoY Change -3.61% 0.0%
% of Gross Profit 6.68% 6.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $82.46M $81.70M
YoY Change 4.17% 5.95%
% of Gross Profit 42.05% 41.9%
Operating Expenses $95.52M $186.5M
YoY Change 2.98% 2.58%
Operating Profit $100.6M $100.1M
YoY Change 10.14% -47.8%
Interest Expense -$41.69M $42.73M
YoY Change 11.45% 21.87%
% of Operating Profit -41.44% 42.69%
Other Income/Expense, Net
YoY Change
Pretax Income $67.09M $59.40M
YoY Change -43.0% -62.59%
Income Tax
% Of Pretax Income
Net Earnings $61.78M $57.05M
YoY Change -45.47% -63.46%
Net Earnings / Revenue 21.17% 19.9%
Basic Earnings Per Share $0.67
Diluted Earnings Per Share $0.76 $0.67
COMMON SHARES
Basic Shares Outstanding 81.62M shares 81.52M shares
Diluted Shares Outstanding 81.27M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $250.8M $98.20M
YoY Change 193.16% -32.84%
Cash & Equivalents $250.8M $98.21M
Short-Term Investments
Other Short-Term Assets $254.2M $255.2M
YoY Change -0.94% 0.56%
Inventory
Prepaid Expenses
Receivables $201.7M $192.1M
Other Receivables $9.196M $9.200M
Total Short-Term Assets $716.0M $554.7M
YoY Change 30.34% -7.03%
LONG-TERM ASSETS
Property, Plant & Equipment $7.677B $7.699B
YoY Change 1.96% 2.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $34.87M $35.50M
YoY Change -75.99% -71.1%
Other Assets $9.179M $4.600M
YoY Change -14.93% -62.97%
Total Long-Term Assets $7.721B $7.739B
YoY Change 0.47% 1.56%
TOTAL ASSETS
Total Short-Term Assets $716.0M $554.7M
Total Long-Term Assets $7.721B $7.739B
Total Assets $8.437B $8.294B
YoY Change 2.46% 0.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $174.7M $209.9M
YoY Change -8.21% -14.54%
Accrued Expenses $75.87M $76.40M
YoY Change -2.41% -2.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $373.7M $407.9M
YoY Change -3.4% -7.72%
LONG-TERM LIABILITIES
Long-Term Debt $4.612B $4.518B
YoY Change 4.88% 3.52%
Other Long-Term Liabilities $225.4M $229.9M
YoY Change -5.16% -5.31%
Total Long-Term Liabilities $4.837B $4.748B
YoY Change 4.37% 3.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $373.7M $407.9M
Total Long-Term Liabilities $4.837B $4.748B
Total Liabilities $5.211B $5.156B
YoY Change 3.77% 2.11%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.960B $3.848B
YoY Change 3.6% 1.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.964B $2.882B
YoY Change
Total Liabilities & Shareholders Equity $8.437B $8.294B
YoY Change 2.46% 0.93%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $61.78M $57.05M
YoY Change -45.47% -63.46%
Depreciation, Depletion And Amortization $82.46M $81.70M
YoY Change 4.17% 5.95%
Cash From Operating Activities $112.6M $150.9M
YoY Change 4.8% 1.43%
INVESTING ACTIVITIES
Capital Expenditures $76.25M $80.40M
YoY Change -46.05% -119.17%
Acquisitions
YoY Change
Other Investing Activities $6.623M -$4.100M
YoY Change -74.0% -108.33%
Cash From Investing Activities -$69.72M -$84.40M
YoY Change -39.81% -77.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 114.3M -66.40M
YoY Change -311.9% -135.81%
NET CHANGE
Cash From Operating Activities 112.6M 150.9M
Cash From Investing Activities -69.72M -84.40M
Cash From Financing Activities 114.3M -66.40M
Net Change In Cash 157.2M 100.0K
YoY Change -352.31% -100.28%
FREE CASH FLOW
Cash From Operating Activities $112.6M $150.9M
Capital Expenditures $76.25M $80.40M
Free Cash Flow $36.38M $70.50M
YoY Change -207.5% -87.59%

Facts In Submission

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9314000 usd
us-gaap Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
5076000 usd
us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
13741000 usd
us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
17039000 usd
frt Issuance And Repayments Of Mortgage And Other Notes Receivable Net
IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet
0 usd
frt Issuance And Repayments Of Mortgage And Other Notes Receivable Net
IssuanceAndRepaymentsOfMortgageAndOtherNotesReceivableNet
3471000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-288638000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-670151000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
50500000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
267000000 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
345698000 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
275000000 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 usd
frt Repayment Of Mortgages Finance Leases And Notes Payable
RepaymentOfMortgagesFinanceLeasesAndNotesPayable
2528000 usd
frt Repayment Of Mortgages Finance Leases And Notes Payable
RepaymentOfMortgagesFinanceLeasesAndNotesPayable
18644000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
16000000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
292671000 usd
frt Dividends Paid To Common And Preferred Shareholders
DividendsPaidToCommonAndPreferredShareholders
268658000 usd
frt Dividends Paid To Common And Preferred Shareholders
DividendsPaidToCommonAndPreferredShareholders
258009000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4979000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4886000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1092000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
frt Paymentsofdividendsandredemptionsminorityinterest
Paymentsofdividendsandredemptionsminorityinterest
10259000 usd
frt Paymentsofdividendsandredemptionsminorityinterest
Paymentsofdividendsandredemptionsminorityinterest
33801000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-148134000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
244331000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6443000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16527000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96348000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
175163000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102791000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
158636000 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, 2023, we owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 102 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>
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
102 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>
us-gaap Interest Costs Incurred
InterestCostsIncurred
141994000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
112596000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
17159000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
13889000 usd
us-gaap Interest Expense
InterestExpense
124835000 usd
us-gaap Interest Expense
InterestExpense
98707000 usd
us-gaap Interest Paid Net
InterestPaidNet
113414000 usd
us-gaap Interest Paid Net
InterestPaidNet
94712000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
778000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
616000 usd
frt Dividends Reinvested In Noncash Financing Transaction
DividendsReinvestedInNoncashFinancingTransaction
1275000 usd
frt Dividends Reinvested In Noncash Financing Transaction
DividendsReinvestedInNoncashFinancingTransaction
1292000 usd
frt Redemptionofdown Rei Toperatingpartnershipunitsforcommonshares
RedemptionofdownREIToperatingpartnershipunitsforcommonshares
883000 usd
frt Redemptionofdown Rei Toperatingpartnershipunitsforcommonshares
RedemptionofdownREIToperatingpartnershipunitsforcommonshares
1385000 usd
frt Redemption Of Series1 Preferred Shares For Common Shares
RedemptionOfSeries1PreferredSharesForCommonShares
0 usd
frt Redemption Of Series1 Preferred Shares For Common Shares
RedemptionOfSeries1PreferredSharesForCommonShares
175000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
98210000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
85558000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4581000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10790000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102791000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96348000 usd
CY2023Q3 us-gaap Derivative Assets
DerivativeAssets
7200000 usd
CY2023Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-500000 usd
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-1300000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
344000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1037000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1003000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.250
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.240
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.220
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.210
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3579000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11868000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11258000 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
3235000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10831000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10255000 usd
CY2022Q3 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
300000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
300000 shares
CY2023Q3 us-gaap Profit Loss
ProfitLoss
59392000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
158774000 usd
us-gaap Profit Loss
ProfitLoss
180127000 usd
us-gaap Profit Loss
ProfitLoss
277969000 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2008000 usd
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2008000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6024000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6026000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2344000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2636000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7245000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8171000 usd
CY2023Q3 frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
323000 usd
CY2022Q3 frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
535000 usd
frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
974000 usd
frt Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
935000 usd
CY2023Q3 frt Net Income Available For Common Shareholders Basic
NetIncomeAvailableForCommonShareholdersBasic
54717000 usd
CY2022Q3 frt Net Income Available For Common Shareholders Basic
NetIncomeAvailableForCommonShareholdersBasic
153595000 usd
frt Net Income Available For Common Shareholders Basic
NetIncomeAvailableForCommonShareholdersBasic
165884000 usd
frt Net Income Available For Common Shareholders Basic
NetIncomeAvailableForCommonShareholdersBasic
262837000 usd
CY2023Q3 frt Income Attributable To Down Reit Operating Partnership Units
IncomeAttributableToDownREITOperatingPartnershipUnits
0 usd
CY2022Q3 frt Income Attributable To Down Reit Operating Partnership Units
IncomeAttributableToDownREITOperatingPartnershipUnits
704000 usd
frt Income Attributable To Down Reit Operating Partnership Units
IncomeAttributableToDownREITOperatingPartnershipUnits
0 usd
frt Income Attributable To Down Reit Operating Partnership Units
IncomeAttributableToDownREITOperatingPartnershipUnits
2111000 usd
CY2023Q3 frt Net Income Available For Common Shareholders Diluted
NetIncomeAvailableForCommonShareholdersDiluted
54717000 usd
CY2022Q3 frt Net Income Available For Common Shareholders Diluted
NetIncomeAvailableForCommonShareholdersDiluted
154432000 usd
frt Net Income Available For Common Shareholders Diluted
NetIncomeAvailableForCommonShareholdersDiluted
165884000 usd
frt Net Income Available For Common Shareholders Diluted
NetIncomeAvailableForCommonShareholdersDiluted
264948000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81274000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81210000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000 shares
CY2023Q3 frt Common Shares Attributable To Dilutive Effect Of Down Reit Operating Partnership Units
CommonSharesAttributableToDilutiveEffectOfDownREITOperatingPartnershipUnits
0 shares
CY2022Q3 frt Common Shares Attributable To Dilutive Effect Of Down Reit Operating Partnership Units
CommonSharesAttributableToDilutiveEffectOfDownREITOperatingPartnershipUnits
652000 shares
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
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81274000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81511000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81210000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80137000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.90
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.31
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.89
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.31

Files In Submission

Name View Source Status
frt-20230930_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
frt-20230930_def.xml Edgar Link unprocessable
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0000034903-23-000064-index.html Edgar Link pending
0000034903-23-000064.txt Edgar Link pending
0000034903-23-000064-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
frt-09302023xex311.htm Edgar Link pending
frt-09302023xex312.htm Edgar Link pending
frt-09302023xex313.htm Edgar Link pending
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frt-20230930_cal.xml Edgar Link unprocessable
frt-20230930_htm.xml Edgar Link completed
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report.css Edgar Link pending
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frt-20230930_pre.xml Edgar Link unprocessable