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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net income $ 119,195 $ 97,798
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 146,135 131,549
Gain on sale of real estate and change in control of interest 0 (17,428)
Income (loss) from partnerships (3,005) 1,215
Other, net (5,261) 8,316
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
(Increase) decrease in accounts receivable, net (10,252) 4,696
Decrease in prepaid expenses and other assets 18,115 11,370
(Decrease) increase in accounts payable and accrued expenses (5,578) 2,142
Increase in security deposits and other liabilities 1,172 7,551
Net cash provided by operating activities 260,521 247,209
INVESTING ACTIVITIES    
Acquisition of real estate (100,022) (332,574)
Capital expenditures - development and redevelopment (150,524) (182,657)
Capital expenditures - other (44,024) (34,970)
Proceeds from sale of real estate 874 19,896
Investment in partnerships (417) (2,657)
Distribution from partnerships in excess of earnings 3,665 1,131
Leasing costs (9,629) (9,265)
Repayment of mortgage and other notes receivable, net 18 31,122
Net cash used in investing activities (300,059) (509,974)
FINANCING ACTIVITIES    
Repayment of mortgages, finance leases and notes payable (17,798) (151,310)
Issuance of common shares, net of costs 259,597 87,286
Dividends paid to common and preferred shareholders (171,450) (166,847)
Shares withheld for employee taxes (4,638) (2,813)
Contributions from noncontrolling interests 0 104
Distributions to and redemptions of noncontrolling interests (6,779) (3,615)
Net cash provided by (used in) financing activities 58,932 (237,195)
Increase (decrease) in cash, cash equivalents and restricted cash 19,394 (499,960)
Cash, cash equivalents, and restricted cash at beginning of year 175,163 816,896
Cash, cash equivalents, and restricted cash at end of period 194,557 316,936
Federal Realty OP LP    
OPERATING ACTIVITIES    
Net income 119,195 97,798
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 146,135 131,549
Gain on sale of real estate and change in control of interest 0 (17,428)
Income (loss) from partnerships (3,005) 1,215
Other, net (5,261) 8,316
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
(Increase) decrease in accounts receivable, net (10,252) 4,696
Decrease in prepaid expenses and other assets 18,115 11,370
(Decrease) increase in accounts payable and accrued expenses (5,578) 2,142
Increase in security deposits and other liabilities 1,172 7,551
Net cash provided by operating activities 260,521 247,209
INVESTING ACTIVITIES    
Acquisition of real estate (100,022) (332,574)
Capital expenditures - development and redevelopment (150,524) (182,657)
Capital expenditures - other (44,024) (34,970)
Proceeds from sale of real estate 874 19,896
Investment in partnerships (417) (2,657)
Distribution from partnerships in excess of earnings 3,665 1,131
Leasing costs (9,629) (9,265)
Repayment of mortgage and other notes receivable, net 18 31,122
Net cash used in investing activities (300,059) (509,974)
FINANCING ACTIVITIES    
Repayment of mortgages, finance leases and notes payable (17,798) (151,310)
Issuance of common shares, net of costs 259,597 87,286
Dividends paid to common and preferred shareholders (171,450) (166,847)
Shares withheld for employee taxes (4,638) (2,813)
Contributions from noncontrolling interests 0 104
Distributions to and redemptions of noncontrolling interests (6,779) (3,615)
Net cash provided by (used in) financing activities 58,932 (237,195)
Increase (decrease) in cash, cash equivalents and restricted cash 19,394 (499,960)
Cash, cash equivalents, and restricted cash at beginning of year 175,163 816,896
Cash, cash equivalents, and restricted cash at end of period $ 194,557 $ 316,936