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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net income $ 54,728 $ 49,739
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 71,674 63,874
Gain on sale of real estate and change in control of interest 0 (17,428)
(Income) loss from partnerships (197) 1,338
Other, net (1,636) 1,245
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
(Increase) decrease in accounts receivable, net (11,257) 883
(Increase) decrease in prepaid expenses and other assets (4,577) 3,169
(Decrease) increase in accounts payable and accrued expenses (5,419) 7,987
(Decrease) increase in security deposits and other liabilities (247) 4,299
Net cash provided by operating activities 103,069 115,106
INVESTING ACTIVITIES    
Acquisition of real estate 0 (5,694)
Capital expenditures - development and redevelopment (66,610) (68,527)
Capital expenditures - other (18,409) (15,189)
Proceeds from sale of real estate 874 19,896
Investment in partnerships 0 (2,657)
Distribution from partnerships in excess of earnings 517 285
Leasing costs (4,577) (2,955)
Repayment of mortgage and other notes receivable, net 11 0
Net cash used in investing activities (88,194) (74,841)
FINANCING ACTIVITIES    
Repayment of mortgages, finance leases and notes payable (869) (48,845)
Issuance of common shares, net of costs 82,819 87,329
Dividends paid to common and preferred shareholders (85,684) (82,913)
Shares withheld for employee taxes (4,601) (2,805)
Distributions to and redemptions of noncontrolling interests (3,514) (1,485)
Net cash used in financing activities (11,849) (48,719)
Increase (decrease) in cash, cash equivalents and restricted cash 3,026 (8,454)
Cash, cash equivalents, and restricted cash at beginning of year 175,163 816,896
Cash, cash equivalents, and restricted cash at end of period 178,189 808,442
Federal Realty OP LP    
OPERATING ACTIVITIES    
Net income 54,728 49,739
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 71,674 63,874
Gain on sale of real estate and change in control of interest 0 (17,428)
(Income) loss from partnerships (197) 1,338
Other, net (1,636) 1,245
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
(Increase) decrease in accounts receivable, net (11,257) 883
(Increase) decrease in prepaid expenses and other assets (4,577) 3,169
(Decrease) increase in accounts payable and accrued expenses (5,419) 7,987
(Decrease) increase in security deposits and other liabilities (247) 4,299
Net cash provided by operating activities 103,069 115,106
INVESTING ACTIVITIES    
Acquisition of real estate 0 (5,694)
Capital expenditures - development and redevelopment (66,610) (68,527)
Capital expenditures - other (18,409) (15,189)
Proceeds from sale of real estate 874 19,896
Investment in partnerships 0 (2,657)
Distribution from partnerships in excess of earnings 517 285
Leasing costs (4,577) (2,955)
Repayment of mortgage and other notes receivable, net 11 0
Net cash used in investing activities (88,194) (74,841)
FINANCING ACTIVITIES    
Repayment of mortgages, finance leases and notes payable (869) (48,845)
Issuance of common shares, net of costs 82,819 87,329
Dividends paid to common and preferred shareholders (85,684) (82,913)
Shares withheld for employee taxes (4,601) (2,805)
Distributions to and redemptions of noncontrolling interests (3,514) (1,485)
Net cash used in financing activities (11,849) (48,719)
Increase (decrease) in cash, cash equivalents and restricted cash 3,026 (8,454)
Cash, cash equivalents, and restricted cash at beginning of year 175,163 816,896
Cash, cash equivalents, and restricted cash at end of period $ 178,189 $ 808,442