2024 Q4 Form 10-Q Financial Statement
#000003490324000069 Filed on October 30, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | $303.6M | |
YoY Change | 5.94% | |
Cost Of Revenue | $99.95M | |
YoY Change | 9.12% | |
Gross Profit | $203.7M | |
YoY Change | 4.45% | |
Gross Profit Margin | 67.08% | |
Selling, General & Admin | $10.82M | |
YoY Change | -17.39% | |
% of Gross Profit | 5.31% | |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $87.03M | |
YoY Change | 6.52% | |
% of Gross Profit | 42.73% | |
Operating Expenses | $197.8M | |
YoY Change | 6.05% | |
Operating Profit | $105.8M | |
YoY Change | 5.74% | |
Interest Expense | $44.24M | |
YoY Change | 3.54% | |
% of Operating Profit | 41.8% | |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $63.46M | |
YoY Change | 6.84% | |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $60.95M | |
YoY Change | 6.85% | |
Net Earnings / Revenue | 20.07% | |
Basic Earnings Per Share | $0.70 | |
Diluted Earnings Per Share | $0.70 | |
COMMON SHARES | ||
Basic Shares Outstanding | 84.96M shares | 83.67M shares |
Diluted Shares Outstanding | 83.99M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $97.02M | |
YoY Change | -1.2% | |
Cash & Equivalents | $97.02M | |
Short-Term Investments | ||
Other Short-Term Assets | $276.3M | |
YoY Change | 8.28% | |
Inventory | ||
Prepaid Expenses | ||
Receivables | $206.5M | |
Other Receivables | $9.157M | |
Total Short-Term Assets | $589.0M | |
YoY Change | 6.19% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $7.857B | |
YoY Change | 2.05% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $33.01M | |
YoY Change | -7.02% | |
Other Assets | $8.583M | |
YoY Change | 86.59% | |
Total Long-Term Assets | $7.890B | |
YoY Change | 1.95% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $589.0M | |
Total Long-Term Assets | $7.890B | |
Total Assets | $8.479B | |
YoY Change | 2.24% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $201.1M | |
YoY Change | -4.21% | |
Accrued Expenses | $75.41M | |
YoY Change | -1.3% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $402.6M | |
YoY Change | -1.3% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $4.485B | |
YoY Change | -0.73% | |
Other Long-Term Liabilities | $224.7M | |
YoY Change | -2.26% | |
Total Long-Term Liabilities | $4.710B | |
YoY Change | -0.8% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $402.6M | |
Total Long-Term Liabilities | $4.710B | |
Total Liabilities | $5.113B | |
YoY Change | -0.84% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | $4.161B | |
YoY Change | 8.15% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $3.111B | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $8.479B | |
YoY Change | 2.24% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $60.95M | |
YoY Change | 6.85% | |
Depreciation, Depletion And Amortization | $87.03M | |
YoY Change | 6.52% | |
Cash From Operating Activities | $144.1M | |
YoY Change | -4.52% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $118.4M | |
YoY Change | 47.2% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$4.473M | |
YoY Change | 9.1% | |
Cash From Investing Activities | -$122.8M | |
YoY Change | 45.53% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -29.47M | |
YoY Change | -55.62% | |
NET CHANGE | ||
Cash From Operating Activities | 144.1M | |
Cash From Investing Activities | -122.8M | |
Cash From Financing Activities | -29.47M | |
Net Change In Cash | -8.211M | |
YoY Change | -8311.0% | |
FREE CASH FLOW | ||
Cash From Operating Activities | $144.1M | |
Capital Expenditures | $118.4M | |
Free Cash Flow | $25.73M | |
YoY Change | -63.5% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000034903 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Entity File Number
EntityFileNumber
|
1-07533 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
FEDERAL REALTY INVESTMENT TRUST | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
MD | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
MD | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
20852 | ||
CY2024Q3 | frt |
Operating Real Estate From Consolidated Variable Interest Entities
OperatingRealEstateFromConsolidatedVariableInterestEntities
|
1822143000 | usd |
CY2023Q4 | frt |
Operating Real Estate From Consolidated Variable Interest Entities
OperatingRealEstateFromConsolidatedVariableInterestEntities
|
2021622000 | usd |
CY2024Q3 | frt |
Constructioninprogresofconsolidatedvariableieestentity
Constructioninprogresofconsolidatedvariableieestentity
|
8352000 | usd |
CY2023Q4 | frt |
Constructioninprogresofconsolidatedvariableieestentity
Constructioninprogresofconsolidatedvariableieestentity
|
8677000 | usd |
CY2023Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
613296000 | usd |
CY2024Q3 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
10879999000 | usd |
CY2023Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
10546187000 | usd |
CY2024Q3 | frt |
Accumulated Depreciation And Amortization Consolidated Variable Interest Entities
AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities
|
414128000 | usd |
CY2023Q4 | frt |
Accumulated Depreciation And Amortization Consolidated Variable Interest Entities
AccumulatedDepreciationAndAmortizationConsolidatedVariableInterestEntities
|
416663000 | usd |
CY2024Q3 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
3115910000 | usd |
CY2023Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
2963519000 | usd |
CY2024Q3 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7764089000 | usd |
CY2023Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7582668000 | usd |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
97023000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
250825000 | usd |
CY2024Q3 | us-gaap |
Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
|
206513000 | usd |
CY2023Q4 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
9196000 | usd |
CY2024Q3 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
33008000 | usd |
CY2023Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
34870000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
86415000 | usd |
CY2024Q3 | us-gaap |
Liabilities
Liabilities
|
5112672000 | usd |
CY2024Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2024Q3 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
180946000 | usd |
CY2023Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
183363000 | usd |
CY2024Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
15000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
15000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2024Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
855000 | usd |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
833000 | usd |
CY2024Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
4160451000 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3959276000 | usd |
CY2024Q3 | us-gaap |
Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
|
1211833000 | usd |
CY2023Q4 | us-gaap |
Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
|
1160474000 | usd |
CY2024Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
2172000 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
4052000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3111467000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2963509000 | usd |
CY2024Q3 | us-gaap |
Minority Interest
MinorityInterest
|
74133000 | usd |
CY2023Q4 | us-gaap |
Minority Interest
MinorityInterest
|
78650000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3185600000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3042159000 | usd |
us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
890172000 | usd | |
us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
839509000 | usd | |
CY2024Q3 | frt |
Revenue Mortgage Interest
RevenueMortgageInterest
|
281000 | usd |
CY2023Q3 | frt |
Revenue Mortgage Interest
RevenueMortgageInterest
|
281000 | usd |
frt |
Revenue Mortgage Interest
RevenueMortgageInterest
|
836000 | usd | |
frt |
Revenue Mortgage Interest
RevenueMortgageInterest
|
833000 | usd | |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
303633000 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
286604000 | usd |
us-gaap |
Revenues
Revenues
|
891008000 | usd | |
us-gaap |
Revenues
Revenues
|
840342000 | usd | |
CY2024Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
63898000 | usd |
CY2023Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
58595000 | usd |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
184448000 | usd | |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
169410000 | usd | |
us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
97992000 | usd | |
CY2024Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
10822000 | usd |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
13149000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
34920000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
37607000 | usd | |
CY2023Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
81731000 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
255481000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
239342000 | usd | |
CY2024Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
197801000 | usd |
CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
186520000 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
580251000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
544351000 | usd | |
CY2024Q3 | frt |
Gain On Sale Of Real Estate
GainOnSaleOfRealEstate
|
0 | usd |
CY2023Q3 | frt |
Gain On Sale Of Real Estate
GainOnSaleOfRealEstate
|
0 | usd |
frt |
Gain On Sale Of Real Estate
GainOnSaleOfRealEstate
|
52280000 | usd | |
frt |
Gain On Sale Of Real Estate
GainOnSaleOfRealEstate
|
1702000 | usd | |
CY2024Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
105832000 | usd |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
100084000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
363037000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
297693000 | usd | |
CY2024Q3 | us-gaap |
Interest Income Other
InterestIncomeOther
|
978000 | usd |
CY2023Q3 | us-gaap |
Interest Income Other
InterestIncomeOther
|
721000 | usd |
us-gaap |
Interest Income Other
InterestIncomeOther
|
3512000 | usd | |
us-gaap |
Interest Income Other
InterestIncomeOther
|
3775000 | usd | |
CY2024Q3 | us-gaap |
Interest Expense
InterestExpense
|
44237000 | usd |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
42726000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
132242000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
124835000 | usd | |
CY2024Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
888000 | usd |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1825000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3494000 | usd | |
CY2024Q3 | us-gaap |
Profit Loss
ProfitLoss
|
63461000 | usd |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
59392000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
236132000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
180127000 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
2508000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
2344000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
6461000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
7245000 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
57048000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
229671000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
172882000 | usd | |
CY2024Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
2008000 | usd |
CY2023Q3 | 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
|
6024000 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
58945000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
55040000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
223647000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
166858000 | usd | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
83180000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
81210000 | shares | |
CY2024Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
58404000 | usd |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
60787000 | usd |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
234144000 | usd | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.70 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.67 | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
181248000 | usd | |
CY2024Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
56083000 | usd |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
58325000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
227791000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
173898000 | usd | |
CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3070813000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
1742000 | usd |
CY2024Q3 | frt |
Other Comprehensive Income Loss Attributable To Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-187000 | usd |
CY2024Q3 | frt |
Other Comprehensive Income Loss Net Of Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfPortionAttributableToNoncontrollingInterest
|
-4870000 | usd |
CY2024Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.10 | |
CY2024Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
93442000 | usd |
CY2024Q3 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
2008000 | usd |
CY2024Q3 | frt |
Redeemable Noncontrolling Interest Decrease From Distributions To Redeemable Noncontrolling Interest Holders
RedeemableNoncontrollingInterestDecreaseFromDistributionsToRedeemableNoncontrollingInterestHolders
|
3167000 | usd |
CY2024Q3 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
1293000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
151389000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
476000 | usd |
CY2024Q3 | frt |
Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
|
3777000 | usd |
CY2024Q3 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
286000 | usd |
us-gaap |
Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
|
12626000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
222383000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
16000000 | usd | |
frt |
Dividends Paid To Common And Preferred Shareholders
DividendsPaidToCommonAndPreferredShareholders
|
276548000 | usd | |
frt |
Dividends Paid To Common And Preferred Shareholders
DividendsPaidToCommonAndPreferredShareholders
|
268658000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
4972000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
4979000 | usd | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
725000 | usd | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
1092000 | usd | |
frt |
Paymentsofdividendsandredemptionsminorityinterest
Paymentsofdividendsandredemptionsminorityinterest
|
23997000 | usd | |
frt |
Paymentsofdividendsandredemptionsminorityinterest
Paymentsofdividendsandredemptionsminorityinterest
|
10259000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-233914000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-148134000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-154398000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
6443000 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
96348000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
105606000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
102791000 | usd |
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
North Bethesda | ||
dei |
Local Phone Number
LocalPhoneNumber
|
998-8100 | ||
CY2024Q3 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
524707000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
75409000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
75870000 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
12754000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
12670000 | usd |
CY2024Q3 | us-gaap |
Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
|
224693000 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
84952538 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
84952538 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
82775286 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
82775286 | shares |
CY2024Q3 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
36053000 | usd |
CY2023Q3 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
33045000 | usd |
us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
105402000 | usd | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
83994000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
81274000 | shares |
us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
1037000 | usd | |
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
|
300000 | shares | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
81274000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
83180000 | shares | |
dei |
City Area Code
CityAreaCode
|
301 | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
CY2024Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
84964130 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
260004000 | usd |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
CY2024Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
87028000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
60953000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
61719000 | usd |
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
87-3916363 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
909 Rose Avenue, Suite 200 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2024Q3 | us-gaap |
Rental Properties
RentalProperties
|
10355292000 | usd |
CY2023Q4 | us-gaap |
Rental Properties
RentalProperties
|
9932891000 | usd |
CY2023Q4 | us-gaap |
Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
|
201733000 | usd |
CY2024Q3 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
9157000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
6850000 | usd |
CY2024Q3 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
276328000 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
5210990000 | usd |
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8479218000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8436512000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
303352000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
286323000 | usd |
dei |
Entity Small Business
EntitySmallBusiness
|
false | ||
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
86993000 | usd |
CY2024Q3 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
6685000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
263377000 | usd |
CY2024Q3 | us-gaap |
Assets
Assets
|
8479218000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
8436512000 | usd |
CY2024Q3 | frt |
Mortgage Payable From Consolidated Variable Interest Entities
MortgagePayableFromConsolidatedVariableInterestEntities
|
187311000 | usd |
CY2023Q4 | frt |
Mortgage Payable From Consolidated Variable Interest Entities
MortgagePayableFromConsolidatedVariableInterestEntities
|
189286000 | usd |
CY2024Q3 | us-gaap |
Secured Debt
SecuredDebt
|
515012000 | usd |
CY2023Q4 | us-gaap |
Secured Debt
SecuredDebt
|
516936000 | usd |
CY2024Q3 | us-gaap |
Notes Payable
NotesPayable
|
601307000 | usd |
CY2023Q4 | us-gaap |
Notes Payable
NotesPayable
|
601945000 | usd |
CY2024Q3 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
3356298000 | usd |
CY2023Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
3480296000 | usd |
CY2024Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
201066000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
174714000 | usd |
CY2024Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
95849000 | usd |
CY2023Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
92634000 | usd |
CY2024Q3 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
30284000 | usd |
CY2023Q4 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
30482000 | usd |
CY2023Q4 | us-gaap |
Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
|
225443000 | usd |
CY2023Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1313000 | usd |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.70 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.67 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.68 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.68 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.04 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.04 | ||
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
83994000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
81274000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
83180000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
81210000 | shares | |
CY2024Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3185600000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3042159000 | usd |
us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
5179000 | usd | |
us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
230953000 | usd | |
frt |
Other Comprehensive Income Loss Attributable To Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-108000 | usd | |
frt |
Other Comprehensive Income Loss Net Of Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfPortionAttributableToNoncontrollingInterest
|
-1880000 | usd | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
3.28 | ||
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
275006000 | usd | |
us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
6024000 | usd | |
frt |
Redeemable Noncontrolling Interest Decrease From Distributions To Redeemable Noncontrolling Interest Holders
RedeemableNoncontrollingInterestDecreaseFromDistributionsToRedeemableNoncontrollingInterestHolders
|
7488000 | usd | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
3183000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
222319000 | usd | |
us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
1323000 | usd | |
frt |
Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
|
11952000 | usd | |
us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
4972000 | usd | |
frt |
Contributionsfromnoncontrollinginterests
Contributionsfromnoncontrollinginterests
|
725000 | usd | |
us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
12358000 | usd | |
frt |
Capped Call Premium
CappedCallPremium
|
19448000 | usd | |
CY2024Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3185600000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2980431000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
1817000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
57575000 | usd |
CY2023Q3 | frt |
Other Comprehensive Income Loss Attributable To Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossAttributableToRedeemableNoncontrollingInterest
|
118000 | usd |
CY2023Q3 | frt |
Other Comprehensive Income Loss Net Of Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfPortionAttributableToNoncontrollingInterest
|
1277000 | usd |
CY2023Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.09 | |
CY2023Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
88958000 | usd |
CY2023Q3 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
2008000 | usd |
CY2023Q3 | frt |
Redeemable Noncontrolling Interest Decrease From Distributions To Redeemable Noncontrolling Interest Holders
RedeemableNoncontrollingInterestDecreaseFromDistributionsToRedeemableNoncontrollingInterestHolders
|
3545000 | usd |
CY2023Q3 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
1081000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
9703000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
475000 | usd |
CY2023Q3 | frt |
Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
|
3738000 | usd |
CY2023Q3 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
268000 | usd |
CY2023Q3 | frt |
Contributionsfromnoncontrollinginterests
Contributionsfromnoncontrollinginterests
|
165000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2961049000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3034015000 | usd |
us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
5036000 | usd | |
us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
175091000 | usd | |
frt |
Other Comprehensive Income Loss Attributable To Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossAttributableToRedeemableNoncontrollingInterest
|
105000 | usd | |
frt |
Other Comprehensive Income Loss Net Of Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfPortionAttributableToNoncontrollingInterest
|
1016000 | usd | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
3.25 | ||
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
265022000 | usd | |
us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
6024000 | usd | |
frt |
Redeemable Noncontrolling Interest Decrease From Distributions To Redeemable Noncontrolling Interest Holders
RedeemableNoncontrollingInterestDecreaseFromDistributionsToRedeemableNoncontrollingInterestHolders
|
6972000 | usd | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
3283000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
15895000 | usd | |
us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
1380000 | usd | |
frt |
Share Based Compensation Expense Net Value
ShareBasedCompensationExpenseNetValue
|
11868000 | usd | |
us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
4979000 | usd | |
frt |
Contributionsfromnoncontrollinginterests
Contributionsfromnoncontrollinginterests
|
1092000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2961049000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
236132000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
180127000 | usd | |
frt |
Adjustment Depreciation And Amortization
AdjustmentDepreciationAndAmortization
|
255481000 | usd | |
frt |
Adjustment Depreciation And Amortization
AdjustmentDepreciationAndAmortization
|
239342000 | usd | |
frt |
Gain On Sale Of Real Estate
GainOnSaleOfRealEstate
|
52280000 | usd | |
frt |
Gain On Sale Of Real Estate
GainOnSaleOfRealEstate
|
1702000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1825000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3494000 | usd | |
us-gaap |
Straight Line Rent
StraightLineRent
|
16356000 | usd | |
us-gaap |
Straight Line Rent
StraightLineRent
|
8605000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11153000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10831000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
1603000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
3891000 | usd | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-11044000 | usd | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-10486000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
3600000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1739000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
22783000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
21282000 | usd | |
frt |
Increase Decrease In Security Deposits And Other Liabilities
IncreaseDecreaseInSecurityDepositsAndOtherLiabilities
|
-5961000 | usd | |
frt |
Increase Decrease In Security Deposits And Other Liabilities
IncreaseDecreaseInSecurityDepositsAndOtherLiabilities
|
578000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
454968000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
443215000 | usd | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
273927000 | usd | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
59568000 | usd | |
frt |
Capital Expenditures Development Redevelopment
CapitalExpendituresDevelopmentRedevelopment
|
104350000 | usd | |
frt |
Capital Expenditures Development Redevelopment
CapitalExpendituresDevelopmentRedevelopment
|
162662000 | usd | |
frt |
Capital Expenditures Other
CapitalExpendituresOther
|
78055000 | usd | |
frt |
Capital Expenditures Other
CapitalExpendituresOther
|
73229000 | usd | |
frt |
Costsassociatedwithleasebuyoutforapropertysold
Costsassociatedwithleasebuyoutforapropertysold
|
0 | usd | |
frt |
Costsassociatedwithleasebuyoutforapropertysold
Costsassociatedwithleasebuyoutforapropertysold
|
1378000 | usd | |
us-gaap |
Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
|
96324000 | usd | |
us-gaap |
Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
|
3603000 | usd | |
us-gaap |
Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
|
9314000 | usd | |
us-gaap |
Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
|
19047000 | usd | |
us-gaap |
Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
|
13741000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-375452000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-288638000 | usd | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
0 | usd | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
50500000 | usd | |
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
471507000 | usd | |
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
345698000 | usd | |
us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
600000000 | usd | |
us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
275000000 | usd | |
frt |
Costs To Extend And Issue Notes Payable And Mortgages
CostsToExtendAndIssueNotesPayableAndMortgages
|
902000 | usd | |
frt |
Costs To Extend And Issue Notes Payable And Mortgages
CostsToExtendAndIssueNotesPayableAndMortgages
|
0 | usd | |
frt |
Repayment Of Mortgages Finance Leases And Notes Payable
RepaymentOfMortgagesFinanceLeasesAndNotesPayable
|
2662000 | usd | |
frt |
Repayment Of Mortgages Finance Leases And Notes Payable
RepaymentOfMortgagesFinanceLeasesAndNotesPayable
|
2528000 | usd | |
frt |
Purchase Of Capped Calls
PurchaseOfCappedCalls
|
19448000 | usd | |
frt |
Purchase Of Capped Calls
PurchaseOfCappedCalls
|
0 | 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, 2024, 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><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%">General Economic Conditions</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%">Heightened levels of inflation and higher interest rates present risks for our business and our tenants. We continue to monitor and address risks related to the general state of the economy. The extent of the future effects on our business, results of operations, cash flows, and growth strategies is highly uncertain and will ultimately depend on future developments, none of which can be predicted.</span></div> | ||
CY2024Q3 | 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
|
147939000 | usd | |
us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
141994000 | usd | |
us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
15697000 | usd | |
us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
17159000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
132242000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
124835000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
123586000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
113414000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
190000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
778000 | usd | |
frt |
Dividends Reinvested In Noncash Financing Transaction
DividendsReinvestedInNoncashFinancingTransaction
|
1259000 | usd | |
frt |
Dividends Reinvested In Noncash Financing Transaction
DividendsReinvestedInNoncashFinancingTransaction
|
1275000 | usd | |
frt |
Redemptionofdown Rei Toperatingpartnershipunitsforcommonshares
RedemptionofdownREIToperatingpartnershipunitsforcommonshares
|
366000 | usd | |
frt |
Redemptionofdown Rei Toperatingpartnershipunitsforcommonshares
RedemptionofdownREIToperatingpartnershipunitsforcommonshares
|
883000 | usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
97023000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
250825000 | usd |
CY2024Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
8583000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
9179000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
105606000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
260004000 | usd |
CY2024Q3 | us-gaap |
Derivative Assets
DerivativeAssets
|
2800000 | usd |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
3.280 | ||
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
3.270 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
3.250 | ||
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
3.240 | ||
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3777000 | usd |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3738000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
11952000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
11868000 | usd | |
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
263000 | usd |
CY2023Q3 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
352000 | usd |
us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
799000 | usd | |
CY2024Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3514000 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3386000 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11153000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10831000 | usd | |
CY2023Q3 | us-gaap |
Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
|
300000 | shares |
CY2024Q3 | us-gaap |
Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
|
300000 | shares |
CY2024Q3 | us-gaap |
Profit Loss
ProfitLoss
|
63461000 | usd |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
59392000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
236132000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
180127000 | usd | |
CY2024Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
2008000 | usd |
CY2023Q3 | 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
|
6024000 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
2508000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
2344000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
6461000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
7245000 | usd | |
CY2024Q3 | frt |
Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
|
325000 | usd |
CY2023Q3 | frt |
Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
|
323000 | usd |
frt |
Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
|
988000 | usd | |
frt |
Earnings Allocated To Unvested Shares
EarningsAllocatedToUnvestedShares
|
974000 | usd | |
CY2024Q3 | frt |
Net Income Available For Common Shareholders Basic
NetIncomeAvailableForCommonShareholdersBasic
|
58620000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
58620000 | usd |
CY2023Q3 | frt |
Net Income Available For Common Shareholders Basic
NetIncomeAvailableForCommonShareholdersBasic
|
54717000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
54717000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
222659000 | usd | |
frt |
Net Income Available For Common Shareholders Basic
NetIncomeAvailableForCommonShareholdersBasic
|
222659000 | usd | |
frt |
Net Income Available For Common Shareholders Basic
NetIncomeAvailableForCommonShareholdersBasic
|
165884000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
165884000 | usd | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
83994000 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
83994000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
81274000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
83180000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
81210000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
81210000 | shares | |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.70 | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.70 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.67 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.67 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.68 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.68 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.04 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.04 |