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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUE        
Rental income $ 263,830 $ 230,795 $ 520,337 $ 447,930
Mortgage interest income 269 830 533 1,856
Total revenue 264,099 231,625 520,870 449,786
EXPENSES        
Rental expenses 51,169 42,918 107,380 92,156
Real estate taxes 31,265 29,323 61,825 58,743
General and administrative 13,604 12,846 25,946 23,104
Depreciation and amortization 74,461 67,675 146,135 131,549
Total operating expenses 170,499 152,762 341,286 305,552
Gain on sale of real estate and change in control of interest 0 0 0 17,428
OPERATING INCOME 93,600 78,863 179,584 161,662
OTHER INCOME/(EXPENSE)        
Other interest income 133 250 253 613
Interest expense (32,074) (31,177) (63,647) (63,262)
Income (loss) from partnerships 2,808 123 3,005 (1,215)
NET INCOME 64,467 48,059 119,195 97,798
Net income attributable to noncontrolling interests (2,791) (1,855) (5,535) (3,358)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 61,676 46,204 113,660 94,440
Dividends on preferred shares (2,008) (2,011) (4,018) (4,021)
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS $ 59,668 $ 44,193 $ 109,642 $ 90,419
EARNINGS PER COMMON SHARE, BASIC:        
Net income available for common shareholders $ 0.75 $ 0.57 $ 1.38 $ 1.16
Weighted average number of common shares 79,202 77,474 78,826 77,160
EARNINGS PER COMMON SHARE, DILUTED:        
Net income available for common shareholders $ 0.75 $ 0.57 $ 1.38 $ 1.16
Weighted average number of common shares 79,202 77,505 78,855 77,162
EARNINGS PER COMMON UNIT, DILUTED:        
COMPREHENSIVE INCOME $ 66,689 $ 47,002 $ 125,333 $ 100,435
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 63,701 45,266 119,257 96,846
Federal Realty OP LP        
REVENUE        
Rental income 263,830 230,795 520,337 447,930
Mortgage interest income 269 830 533 1,856
Total revenue 264,099 231,625 520,870 449,786
EXPENSES        
Rental expenses 51,169 42,918 107,380 92,156
Real estate taxes 31,265 29,323 61,825 58,743
General and administrative 13,604 12,846 25,946 23,104
Depreciation and amortization 74,461 67,675 146,135 131,549
Total operating expenses 170,499 152,762 341,286 305,552
Gain on sale of real estate and change in control of interest 0 0 0 17,428
OPERATING INCOME 93,600 78,863 179,584 161,662
OTHER INCOME/(EXPENSE)        
Other interest income 133 250 253 613
Interest expense (32,074) (31,177) (63,647) (63,262)
Income (loss) from partnerships 2,808 123 3,005 (1,215)
NET INCOME 64,467 48,059 119,195 97,798
Net income attributable to noncontrolling interests (2,791) (1,855) (5,535) (3,358)
NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP 61,676 46,204 113,660 94,440
Distributions declared to preferred unit holders (2,008) (2,011) (4,018) (4,021)
NET INCOME AVAILABLE FOR COMMON UNIT HOLDERS $ 59,668 $ 44,193 $ 109,642 $ 90,419
EARNINGS PER COMMON UNIT, BASIC:        
Net income available for common unit holders $ 0.75 $ 0.57 $ 1.38 $ 1.16
Weighted average common units outstanding 79,202 77,474 78,826 77,160
EARNINGS PER COMMON UNIT, DILUTED:        
Net income available for common unit holders $ 0.75 $ 0.57 $ 1.38 $ 1.16
Weighted average common units outstanding 79,202 77,505 78,855 77,162
COMPREHENSIVE INCOME $ 66,689 $ 47,002 $ 125,333 $ 100,435
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP $ 63,701 $ 45,266 $ 119,257 $ 96,846