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Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE    
Rental income $ 256,507 $ 217,135
Mortgage interest income 264 1,026
Total revenue 256,771 218,161
EXPENSES    
Rental expenses 56,211 49,238
Real estate taxes 30,560 29,420
General and administrative 12,342 10,258
Depreciation and amortization 71,674 63,874
Total operating expenses 170,787 152,790
Gain on sale of real estate and change in control of interest 0 17,428
OPERATING INCOME 85,984 82,799
OTHER INCOME/(EXPENSE)    
Other interest income 120 363
Interest expense (31,573) (32,085)
Income (loss) from partnerships 197 (1,338)
NET INCOME 54,728 49,739
Net income attributable to noncontrolling interests (2,744) (1,503)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 51,984 48,236
Dividends on preferred shares (2,010) (2,010)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 49,974 $ 46,226
EARNINGS PER COMMON SHARE, BASIC:    
Net income available for common shareholders $ 0.63 $ 0.60
Weighted average number of common shares 78,446,000 76,842,000
EARNINGS PER COMMON SHARE, DILUTED:    
Net income available for common shareholders $ 0.63 $ 0.60
Weighted average number of common shares 78,543,000 76,842,000
EARNINGS PER COMMON UNIT, DILUTED:    
COMPREHENSIVE INCOME $ 58,644 $ 53,433
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 55,556 51,580
Federal Realty OP LP    
REVENUE    
Rental income 256,507 217,135
Mortgage interest income 264 1,026
Total revenue 256,771 218,161
EXPENSES    
Rental expenses 56,211 49,238
Real estate taxes 30,560 29,420
General and administrative 12,342 10,258
Depreciation and amortization 71,674 63,874
Total operating expenses 170,787 152,790
Gain on sale of real estate and change in control of interest 0 17,428
OPERATING INCOME 85,984 82,799
OTHER INCOME/(EXPENSE)    
Other interest income 120 363
Interest expense (31,573) (32,085)
Income (loss) from partnerships 197 (1,338)
NET INCOME 54,728 49,739
Net income attributable to noncontrolling interests (2,744) (1,503)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 51,984 48,236
Distributions declared to preferred unit holders (2,010) (2,010)
NET INCOME AVAILABLE FOR COMMON UNIT HOLDERS $ 49,974 $ 46,226
EARNINGS PER COMMON UNIT, BASIC:    
Net income available for common unit holders $ 0.63 $ 0.60
Weighted average common units outstanding 78,446,000 76,842,000
EARNINGS PER COMMON UNIT, DILUTED:    
Net income available for common unit holders $ 0.63 $ 0.60
Weighted average common units outstanding 78,543,000 76,842,000
COMPREHENSIVE INCOME $ 58,644 $ 53,433
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP $ 55,556 $ 51,580