XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Operating (including $2,219,568 and $2,207,648 of consolidated variable interest entities, respectively) $ 9,076,274 $ 8,814,791
Construction-in-progress (including $24,865 and $18,752 of consolidated variable interest entities, respectively) 630,287 607,271
Real estate, at cost, total 9,706,561 9,422,062
Less accumulated depreciation and amortization (including $418,633 and $389,950 of consolidated variable interest entities, respectively) (2,648,474) (2,531,095)
Net real estate 7,058,087 6,890,967
Cash and cash equivalents 176,559 162,132
Accounts and notes receivable, net 187,370 169,007
Mortgage notes receivable, net 9,499 9,543
Investment in partnerships 13,515 13,027
Operating lease right of use assets 89,613 90,743
Finance lease right of use assets 49,190 49,832
Prepaid expenses and other assets 226,608 237,069
TOTAL ASSETS 7,810,441 7,622,320
Liabilities    
Mortgages payable, net (including $317,619 and $335,301 of consolidated variable interest entities, respectively) 321,975 339,993
Notes payable, net 301,480 301,466
Senior notes and debentures, net 3,406,895 3,406,088
Accounts payable and accrued expenses 226,660 235,168
Dividends payable 87,397 86,538
Security deposits payable 27,232 25,331
Operating lease liabilities 71,827 72,661
Finance lease liabilities 72,019 72,032
Other liabilities and deferred credits 209,217 206,187
Total liabilities 4,724,702 4,745,464
Commitments and contingencies (Note 6)
Redeemable noncontrolling interests 209,312 213,708
Shareholders’ equity    
Common shares of beneficial interest, $.01 par, 100,000,000 shares authorized, 80,896,804 and 78,603,305 shares issued and outstanding, respectively 813 790
Additional paid-in capital 3,758,161 3,488,794
Accumulated dividends in excess of net income (1,126,463) (1,066,932)
Accumulated other comprehensive income (loss) 3,550 (2,047)
Total shareholders’ equity of the Trust 2,795,883 2,580,602
Noncontrolling interests 80,544 82,546
Total shareholders’ equity 2,876,427 2,663,148
Partner capital    
Accumulated other comprehensive income (loss) 3,550 (2,047)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL 7,810,441 7,622,320
Federal Realty OP LP    
ASSETS    
Operating (including $2,219,568 and $2,207,648 of consolidated variable interest entities, respectively) 9,076,274 8,814,791
Construction-in-progress (including $24,865 and $18,752 of consolidated variable interest entities, respectively) 630,287 607,271
Real estate, at cost, total 9,706,561 9,422,062
Less accumulated depreciation and amortization (including $418,633 and $389,950 of consolidated variable interest entities, respectively) (2,648,474) (2,531,095)
Net real estate 7,058,087 6,890,967
Cash and cash equivalents 176,559 162,132
Accounts and notes receivable, net 187,370 169,007
Mortgage notes receivable, net 9,499 9,543
Investment in partnerships 13,515 13,027
Operating lease right of use assets 89,613 90,743
Finance lease right of use assets 49,190 49,832
Prepaid expenses and other assets 226,608 237,069
TOTAL ASSETS 7,810,441 7,622,320
Liabilities    
Mortgages payable, net (including $317,619 and $335,301 of consolidated variable interest entities, respectively) 321,975 339,993
Notes payable, net 301,480 301,466
Senior notes and debentures, net 3,406,895 3,406,088
Accounts payable and accrued expenses 226,660 235,168
Dividends payable 87,397 86,538
Security deposits payable 27,232 25,331
Operating lease liabilities 71,827 72,661
Finance lease liabilities 72,019 72,032
Other liabilities and deferred credits 209,217 206,187
Total liabilities 4,724,702 4,745,464
Commitments and contingencies (Note 6)
Redeemable noncontrolling interests 209,312 213,708
Shareholders’ equity    
Accumulated other comprehensive income (loss) 3,550 (2,047)
Partner capital    
Preferred units, 398,878 and 405,896 units issued and outstanding, respectively 154,788 154,963
Common units, 80,896,804 and 78,603,305 units issued and outstanding, respectively 2,637,545 2,427,686
Accumulated other comprehensive income (loss) 3,550 (2,047)
Total partner capital 2,795,883 2,580,602
Noncontrolling interests in consolidated partnerships 80,544 82,546
Total capital 2,876,427 2,663,148
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL 7,810,441 7,622,320
5.0% Series C Cumulative Redeemable Preferred Shares, (stated at liquidation preference $25,000 per share), 6,000 shares issued and outstanding    
Shareholders’ equity    
Preferred shares, authorized 15,000,000 shares, $.01 par: 150,000 150,000
5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 392,878 and 399,896 shares issued and outstanding, respectively    
Shareholders’ equity    
Preferred shares, authorized 15,000,000 shares, $.01 par: $ 9,822 $ 9,997