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Earnings Per Share And Unit | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
EARNINGS PER SHARE AND UNIT | EARNINGS PER SHARE AND UNIT We have calculated earnings per share (“EPS”) and earnings per unit ("EPU") under the two-class method. The two-class method is an earnings allocation methodology whereby EPS and EPU for each class of common stock and partnership units, respectively, and participating securities is calculated according to dividends or distributions declared and participation rights in undistributed earnings. For both the three months ended March 31, 2025 and 2024, we had 0.3 million weighted average unvested shares and units outstanding, which are considered participating securities. Therefore, we have allocated our earnings for basic and diluted EPS and EPU between common shares and units and unvested shares and units; the portion of earnings allocated to the unvested shares and units is reflected as “earnings allocated to unvested shares” or "earnings allocated to unvested units" in the reconciliations below. The following potentially issuable shares were excluded from the diluted EPS and EPU calculations because their impact is anti-dilutive: •exercise of 1,190 and 3,019 stock options for the three months ended March 31, 2025 and 2024, respectively, •conversions of downREIT operating partnership units for both the three months ended March 31, 2025 and 2024, •conversions of 5.417% Series 1 Cumulative Convertible Preferred Shares and units for both the three months ended March 31, 2025 and 2024, •the issuance of 0.5 million shares and units issuable under common share forward sales agreements for the period they were outstanding during the three months ended March 31, 2025, and •exchange of common shares and units related to the 3.25% Exchangeable Senior Notes due 2029 for both the three months ended March 31, 2025 and 2024. Federal Realty Investment Trust Earnings per Share
| Three Months Ended |  |
| March 31, |  |
| 2025 |  | 2024 |  |  |  |
| (In thousands, except per share data)
NUMERATOR |  |  |  |  |  |  |
Net income | $ | 66,578 |  |  | $ | 58,016 |  |  |  |  |
Less: Preferred share dividends | (2,008) |  |  | (2,008) |  |  |  |  |
Less: Income from operations attributable to noncontrolling interests | (2,810) |  |  | (1,280) |  |  |  |  |
Less: Earnings allocated to unvested shares | (321) |  |  | (333) |  |  |  |  |
Net income available for common shareholders, basic and diluted | $ | 61,439 |  |  | $ | 54,395 |  |  |  |  |
DENOMINATOR |  |  |  |  |  |  |
Weighted average common shares outstanding, basic and diluted | 85,472 |  |  | 82,605 |  |  |  |  |
EARNINGS PER COMMON SHARE, BASIC AND DILUTED: |  |  |  |  |  |  |
Net income available for common shareholders | $ | 0.72 |  |  | $ | 0.66 |  |  |  |  |
Federal Realty OP LP Earnings per Unit
| Three Months Ended |  |  |
| March 31, |  |  |
| 2025 |  | 2024 |  |  |  |  |
| (In thousands, except per unit data) |
NUMERATOR |  |  |  |  |  |  |  |
Net income | $ | 66,578 |  |  | $ | 58,016 |  |  |  |  |  |
Less: Preferred unit distributions | (2,008) |  |  | (2,008) |  |  |  |  |  |
Less: Income from operations attributable to noncontrolling interests | (2,810) |  |  | (1,280) |  |  |  |  |  |
Less: Earnings allocated to unvested units | (321) |  |  | (333) |  |  |  |  |  |
Net income available for common unit holders, basic and diluted | $ | 61,439 |  |  | $ | 54,395 |  |  |  |  |  |
DENOMINATOR |  |  |  |  |  |  |  |
Weighted average common units outstanding, basic and diluted | 85,472 |  |  | 82,605 |  |  |  |  |  |
EARNINGS PER COMMON UNIT, BASIC AND DILUTED: |  |  |  |  |  |  |  |
Net income available for common unit holders | $ | 0.72 |  |  | $ | 0.66 |  |  |  |  |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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