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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Operating (including $1,963,129 and $2,207,648 of consolidated variable interest entities, respectively) $ 9,323,359 $ 8,814,791
Construction-in-progress (including $23,448 and $18,752 of consolidated variable interest entities, respectively) 681,641 607,271
Real estate, at cost, total 10,005,000 9,422,062
Less accumulated depreciation and amortization (including $349,553 and $389,950 of consolidated variable interest entities, respectively) (2,660,799) (2,531,095)
Net real estate 7,344,201 6,890,967
Cash and cash equivalents 146,214 162,132
Accounts and notes receivable, net 187,149 169,007
Mortgage notes receivable, net 9,475 9,543
Investment in partnerships 122,822 13,027
Operating lease right of use assets, net 95,187 90,743
Finance lease right of use assets, net 45,756 49,832
Prepaid expenses and other assets 266,203 237,069
TOTAL ASSETS 8,217,007 7,622,320
Liabilities    
Mortgages payable, net (including $192,442 and $335,301 of consolidated variable interest entities, respectively) 321,299 339,993
Notes payable, net 568,302 301,466
Senior notes and debentures, net 3,407,298 3,406,088
Accounts payable and accrued expenses 245,610 235,168
Dividends payable 90,121 86,538
Security deposits payable 28,042 25,331
Operating lease liabilities 78,234 72,661
Finance lease liabilities 67,662 72,032
Other liabilities and deferred credits 242,800 206,187
Total liabilities 5,049,368 4,745,464
Commitments and contingencies (Note 6)
Redeemable noncontrolling interests 185,759 213,708
Shareholders’ equity    
Common shares of beneficial interest, $.01 par, 100,000,000 shares authorized, 81,204,286 and 78,603,305 shares issued and outstanding, respectively 817 790
Additional paid-in capital 3,794,247 3,488,794
Accumulated dividends in excess of net income (1,060,027) (1,066,932)
Accumulated other comprehensive income (loss) 6,084 (2,047)
Total shareholders’ equity of the Trust 2,900,943 2,580,602
Noncontrolling interests 80,937 82,546
Total shareholders’ equity 2,981,880 2,663,148
Partner capital    
Accumulated other comprehensive income (loss) 6,084 (2,047)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL 8,217,007 7,622,320
Federal Realty OP LP    
ASSETS    
Operating (including $1,963,129 and $2,207,648 of consolidated variable interest entities, respectively) 9,323,359 8,814,791
Construction-in-progress (including $23,448 and $18,752 of consolidated variable interest entities, respectively) 681,641 607,271
Real estate, at cost, total 10,005,000 9,422,062
Less accumulated depreciation and amortization (including $349,553 and $389,950 of consolidated variable interest entities, respectively) (2,660,799) (2,531,095)
Net real estate 7,344,201 6,890,967
Cash and cash equivalents 146,214 162,132
Accounts and notes receivable, net 187,149 169,007
Mortgage notes receivable, net 9,475 9,543
Investment in partnerships 122,822 13,027
Operating lease right of use assets, net 95,187 90,743
Finance lease right of use assets, net 45,756 49,832
Prepaid expenses and other assets 266,203 237,069
TOTAL ASSETS 8,217,007 7,622,320
Liabilities    
Mortgages payable, net (including $192,442 and $335,301 of consolidated variable interest entities, respectively) 321,299 339,993
Notes payable, net 568,302 301,466
Senior notes and debentures, net 3,407,298 3,406,088
Accounts payable and accrued expenses 245,610 235,168
Dividends payable 90,121 86,538
Security deposits payable 28,042 25,331
Operating lease liabilities 78,234 72,661
Finance lease liabilities 67,662 72,032
Other liabilities and deferred credits 242,800 206,187
Total liabilities 5,049,368 4,745,464
Commitments and contingencies (Note 6)
Redeemable noncontrolling interests 185,759 213,708
Shareholders’ equity    
Accumulated other comprehensive income (loss) 6,084 (2,047)
Partner capital    
Preferred units, 398,878 and 405,896 units issued and outstanding, respectively 154,788 154,963
Common units, 81,204,286 and 78,603,305 units issued and outstanding, respectively 2,740,071 2,427,686
Accumulated other comprehensive income (loss) 6,084 (2,047)
Total partner capital 2,900,943 2,580,602
Noncontrolling interests in consolidated partnerships 80,937 82,546
Total capital 2,981,880 2,663,148
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL 8,217,007 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