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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income $ 395,661 $ 269,081 $ 135,888
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 302,409 279,976 255,027
Impairment charge 0 0 57,218
Gain on deconsolidation of VIE (70,374) 0 0
Gain on sale of real estate and change in control of interest, net of tax (93,483) (89,950) (98,117)
Early extinguishment of debt 0 0 11,179
(Income) loss from partnerships (5,170) (1,245) 8,062
Straight-line rent (18,326) (9,397) (4,492)
Share-based compensation expense 13,704 13,009 11,924
Other, net (4,812) (3,223) (1,290)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
(Increase) decrease in accounts receivable, net (12,071) 1,214 (6,032)
Increase in prepaid expenses and other assets (1,219) (5,607) (3,260)
Increase in accounts payable and accrued expenses 77 6,782 5,621
Increase (decrease) in security deposits and other liabilities 10,373 10,712 (1,799)
Net cash provided by operating activities 516,769 471,352 369,929
INVESTING ACTIVITIES      
Acquisition of real estate (438,494) (366,466) (9,589)
Capital expenditures - development and redevelopment (309,046) (368,786) (433,872)
Capital expenditures - other (107,655) (71,728) (68,064)
Costs associated with property sold under threat of condemnation, net (18,031) 0 (12,924)
Proceeds from sale of real estate 133,717 137,868 183,461
Change in cash from deconsolidation of VIE (4,192) 0 0
Investment in partnerships (23,155) (3,115) (3,348)
Distribution from partnerships in excess of earnings 6,864 2,970 1,301
Leasing costs (22,541) (21,990) (15,080)
(Issuance) repayment of mortgage and other notes receivable, net (3,465) 31,129 (10,268)
Net cash used in investing activities (785,998) (660,118) (368,383)
FINANCING ACTIVITIES      
Costs to amend revolving credit facility (6,375) 0 (638)
Issuance of senior notes, net of costs 0 0 1,094,283
Redemption and retirement of senior notes 0 0 (510,360)
Issuance of notes payable, net of costs 298,568 0 398,722
Repayment of mortgages, finance leases, and notes payable (19,443) (277,643) (70,237)
Issuance of common shares, net of costs 307,275 172,981 99,177
Dividends paid to common and preferred shareholders (347,284) (335,656) (324,596)
Shares withheld for employee taxes (4,900) (2,998) (4,052)
Contributions from noncontrolling interests 0 133 0
Distributions to and redemptions of noncontrolling interests (37,427) (9,784) (20,563)
Net cash provided by (used in) financing activities 190,414 (452,967) 661,736
(Decrease) increase in cash, cash equivalents, and restricted cash (78,815) (641,733) 663,282
Cash, cash equivalents, and restricted cash at beginning of year 175,163 816,896 153,614
Cash, cash equivalents, and restricted cash at end of year 96,348 175,163 816,896
Federal Realty OP LP      
OPERATING ACTIVITIES      
Net income 395,661 269,081 135,888
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 302,409 279,976 255,027
Impairment charge 0 0 57,218
Gain on deconsolidation of VIE (70,374) 0 0
Gain on sale of real estate and change in control of interest, net of tax (93,483) (89,950) (98,117)
Early extinguishment of debt 0 0 11,179
(Income) loss from partnerships (5,170) (1,245) 8,062
Straight-line rent (18,326) (9,397) (4,492)
Share-based compensation expense 13,704 13,009 11,924
Other, net (4,812) (3,223) (1,290)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
(Increase) decrease in accounts receivable, net (12,071) 1,214 (6,032)
Increase in prepaid expenses and other assets (1,219) (5,607) (3,260)
Increase in accounts payable and accrued expenses 77 6,782 5,621
Increase (decrease) in security deposits and other liabilities 10,373 10,712 (1,799)
Net cash provided by operating activities 516,769 471,352 369,929
INVESTING ACTIVITIES      
Acquisition of real estate (438,494) (366,466) (9,589)
Capital expenditures - development and redevelopment (309,046) (368,786) (433,872)
Capital expenditures - other (107,655) (71,728) (68,064)
Costs associated with property sold under threat of condemnation, net (18,031) 0 (12,924)
Proceeds from sale of real estate 133,717 137,868 183,461
Change in cash from deconsolidation of VIE (4,192) 0 0
Investment in partnerships (23,155) (3,115) (3,348)
Distribution from partnerships in excess of earnings 6,864 2,970 1,301
Leasing costs (22,541) (21,990) (15,080)
(Issuance) repayment of mortgage and other notes receivable, net (3,465) 31,129 (10,268)
Net cash used in investing activities (785,998) (660,118) (368,383)
FINANCING ACTIVITIES      
Costs to amend revolving credit facility (6,375) 0 (638)
Issuance of senior notes, net of costs 0 0 1,094,283
Redemption and retirement of senior notes 0 0 (510,360)
Issuance of notes payable, net of costs 298,568 0 398,722
Repayment of mortgages, finance leases, and notes payable (19,443) (277,643) (70,237)
Issuance of common shares, net of costs 307,275 172,981 99,177
Dividends paid to common and preferred shareholders (347,284) (335,656) (324,596)
Shares withheld for employee taxes (4,900) (2,998) (4,052)
Contributions from noncontrolling interests 0 133 0
Distributions to and redemptions of noncontrolling interests (37,427) (9,784) (20,563)
Net cash provided by (used in) financing activities 190,414 (452,967) 661,736
(Decrease) increase in cash, cash equivalents, and restricted cash (78,815) (641,733) 663,282
Cash, cash equivalents, and restricted cash at beginning of year 175,163 816,896 153,614
Cash, cash equivalents, and restricted cash at end of year $ 96,348 $ 175,163 $ 816,896