XML 71 R57.htm IDEA: XBRL DOCUMENT v3.3.1.900
Real Estate Partnerships (Summarized Operating Results and Financial Position of Partnership) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jul. 24, 2014
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
OPERATING RESULTS                          
Revenue   $ 192,507 $ 185,252 $ 181,461 $ 184,792 $ 176,377 $ 170,938 $ 167,947 $ 170,828 $ 744,012 $ 686,090 $ 637,413  
Depreciation and amortization                   174,796 170,814 160,828  
Interest expense                   92,553 93,941 104,977  
Income before gain on sale of real estate                   190,094 167,888 162,614  
Gain on sale of real estate                   28,330 4,401 4,994  
Net income   69,998 [1] $ 54,550 $ 45,673 [1] $ 48,203 37,279 49,049 [1] $ 45,416 $ 40,545 218,424 172,289 167,608  
ASSETS                          
Real estate, net   4,490,365       4,141,948       4,490,365 4,141,948    
Cash   21,046       47,951       21,046 47,951 88,927 $ 36,988
Total assets   4,911,709       4,546,870       4,911,709 4,546,870    
LIABILITIES AND PARTNERS' CAPITAL                          
Mortgages payable   482,822       563,698       482,822 563,698    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   4,911,709       4,546,870       4,911,709 4,546,870    
Our investment in real estate partnership   41,546       37,457       41,546 37,457    
Federal Realty Investment Trust/Clarion Partners Partnership                          
OPERATING RESULTS                          
Revenue                   17,405 18,329 19,209  
Other operating expenses                   5,992 5,948 5,999  
Depreciation and amortization                   4,974 5,678 5,506  
Interest expense                   2,062 2,759 3,363  
Total expenses                   13,028 14,385 14,868  
Income before gain on sale of real estate                   4,377 3,944 4,341  
Gain on sale of real estate $ 14,500                 0 14,507 0  
Net income                   4,377 18,451 4,341  
ASSETS                          
Real estate, net   146,906       149,203       146,906 149,203    
Cash   2,690       2,864       2,690 2,864    
Other assets   5,495       5,346       5,495 5,346    
Total assets   155,091       157,413       155,091 157,413    
LIABILITIES AND PARTNERS' CAPITAL                          
Mortgages payable   34,385       34,385       34,385 34,385    
Other liabilities   3,554       3,673       3,554 3,673    
Partners’ capital   117,152       119,355       117,152 119,355    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   155,091       157,413       155,091 157,413    
Our share of unconsolidated debt   10,316       10,316       10,316 10,316    
Our investment in real estate partnership   $ 31,745       $ 32,367       31,745 32,367    
Federal Realty Investment Trust | Federal Realty Investment Trust/Clarion Partners Partnership                          
OPERATING RESULTS                          
Gain on sale of real estate $ 4,400           $ 4,400            
Our share of net income from real estate partnership before gain on sale of real estate                   1,557 1,423 1,498  
Our share of gain on sale of real estate                   $ 0 $ 4,401 $ 0  
[1] (1)Second and fourth quarter 2015 include an $11.5 million and $16.8 million gain on sale, respectively, from our Houston Street and Courtyard Shops properties as further discussed in Note 3. Third quarter 2014 includes a $4.4 million gain on sale reflecting our share of the Partnership's sale of Pleasant Shops as further discussed in Note 5.