XML 23 R8.htm IDEA: XBRL DOCUMENT
v3.25.2

Consolidated Statements of Capital - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Net Income (loss), excluding amounts attributable to redeemable noncontrolling Interests | $ 157,943 | $ 112,788 | $ 222,518 | $ 169,234
Other comprehensive (loss) income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests | (684) | (143) | 1,828 | (2,990)
Purchase of noncontrolling interest | (7,253) | (12,358) | (7,253) | (12,358)
Contributions from noncontrolling interests |  |  |  | 725
Purchase of capped calls |  |  |  | (19,448)
Accumulated Other Comprehensive Income |  |  |  |
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Other comprehensive (loss) income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests | (684) | (143) | 1,828 | (2,990)
Federal Realty OP LP |  |  |  |
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Beginning balance | 3,264,266 | 2,995,992 | 3,244,144 | 3,042,159
Net Income (loss), excluding amounts attributable to redeemable noncontrolling Interests | 157,943 | 112,788 | 222,518 | 169,234
Other comprehensive (loss) income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests | (684) | 143 | (1,828) | 2,990
Distributions declared to common unit holders | (94,933) | (91,085) | (189,808) | (181,564)
Distributions on preferred units | (2,008) | (2,008) | (4,016) | (4,016)
Distributions declared to noncontrolling interests in consolidated partnerships, excluding amounts attributable to redeemable noncontrolling interests | (1,355) | (1,092) | (2,224) | (1,890)
Common units issued as a result of common stock issued by Parent Company, net of issuance costs | (102) |  |  |
Common units issued as a result of common stock issued by Parent Company, net of issuance costs |  | 64,553 | 54,392 | 70,930
Common units issued under dividend reinvestment plan | 463 | 492 | 907 | 847
Share-based compensation expense, net of forfeitures | 3,831 | 3,745 | 7,943 | 8,175
Common units withheld for employee taxes | (68) | (72) | (4,675) | (4,686)
Purchase of noncontrolling interest |  | (12,358) |  | (12,358)
Contributions from noncontrolling interests |  |  |  | 725
Purchase of capped calls |  |  |  | (19,448)
Ending balance | 3,320,100 | 3,070,813 | 3,320,100 | 3,070,813
Federal Realty OP LP | Preferred Units |  |  |  |
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Beginning balance | 154,788 | 154,788 | 154,788 | 154,788
Net Income (loss), excluding amounts attributable to redeemable noncontrolling Interests | 2,008 | 2,008 | 4,016 | 4,016
Distributions on preferred units | (2,008) | (2,008) | (4,016) | (4,016)
Ending balance | 154,788 | 154,788 | 154,788 | 154,788
Federal Realty OP LP | Common Units |  |  |  |
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Beginning balance | 3,033,497 | 2,756,384 | 3,012,066 | 2,804,669
Net Income (loss), excluding amounts attributable to redeemable noncontrolling Interests | 153,908 | 109,974 | 215,668 | 164,702
Distributions declared to common unit holders | (94,933) | (91,085) | (189,808) | (181,564)
Common units issued as a result of common stock issued by Parent Company, net of issuance costs | (102) |  |  |
Common units issued as a result of common stock issued by Parent Company, net of issuance costs |  | 64,553 | 54,392 | 70,930
Common units issued under dividend reinvestment plan | 463 | 492 | 907 | 847
Share-based compensation expense, net of forfeitures | 3,831 | 3,745 | 7,943 | 8,175
Common units withheld for employee taxes | (68) | (72) | (4,675) | (4,686)
Purchase of noncontrolling interest |  | (10,264) |  | (10,264)
Purchase of capped calls |  |  |  | (19,448)
Ending balance | 3,091,329 | 2,833,788 | 3,091,329 | 2,833,788
Federal Realty OP LP | Accumulated Other Comprehensive Income |  |  |  |
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Beginning balance | 3,596 | 6,899 | 4,740 | 4,052
Other comprehensive (loss) income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests | (684) | 143 | (1,828) | 2,990
Ending balance | 2,912 | 7,042 | 2,912 | 7,042
Federal Realty OP LP | Total Partner Capital |  |  |  |
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Beginning balance | 3,191,881 | 2,918,071 | 3,171,594 | 2,963,509
Net Income (loss), excluding amounts attributable to redeemable noncontrolling Interests | 155,916 | 111,982 | 219,684 | 168,718
Other comprehensive (loss) income - change in fair value of interest rate swaps, excluding portion attributable to redeemable noncontrolling interests | (684) | 143 | (1,828) | 2,990
Distributions declared to common unit holders | (94,933) | (91,085) | (189,808) | (181,564)
Distributions on preferred units | (2,008) | (2,008) | (4,016) | (4,016)
Common units issued as a result of common stock issued by Parent Company, net of issuance costs | (102) |  |  |
Common units issued as a result of common stock issued by Parent Company, net of issuance costs |  | 64,553 | 54,392 | 70,930
Common units issued under dividend reinvestment plan | 463 | 492 | 907 | 847
Share-based compensation expense, net of forfeitures | 3,831 | 3,745 | 7,943 | 8,175
Common units withheld for employee taxes | (68) | (72) | (4,675) | (4,686)
Purchase of noncontrolling interest |  | (10,264) |  | (10,264)
Purchase of capped calls |  |  |  | (19,448)
Ending balance | 3,249,029 | 2,995,618 | 3,249,029 | 2,995,618
Federal Realty OP LP | Noncontrolling Interests in Consolidated Partnerships |  |  |  |
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Beginning balance | 72,385 | 77,921 | 72,550 | 78,650
Net Income (loss), excluding amounts attributable to redeemable noncontrolling Interests | 2,027 | 806 | 2,834 | 516
Distributions declared to noncontrolling interests in consolidated partnerships, excluding amounts attributable to redeemable noncontrolling interests | (1,355) | (1,092) | (2,224) | (1,890)
Purchase of noncontrolling interest |  | (2,094) |  | (2,094)
Contributions from noncontrolling interests |  |  |  | 725
Ending balance | 71,071 | 75,195 | 71,071 | 75,195
Federal Realty OP LP | downREIT OP units |  |  |  |
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Conversion and redemption of downREIT OP units | (7,253) | (285) | (7,253) | (285)
Federal Realty OP LP | downREIT OP units | Common Units |  |  |  |
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Conversion and redemption of downREIT OP units | (5,267) | 61 | (5,164) | 427
Federal Realty OP LP | downREIT OP units | Total Partner Capital |  |  |  |
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Conversion and redemption of downREIT OP units | (5,267) | 61 | (5,164) | 427
Federal Realty OP LP | downREIT OP units | Noncontrolling Interests in Consolidated Partnerships |  |  |  |
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Conversion and redemption of downREIT OP units | $ (1,986) | $ (346) | $ (2,089) | $ (712)

X
- Definition Capped call premium + References No definition available. + Details
Name: | frt_CappedCallPremium
Namespace Prefix: | frt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Common units issued under dividend reinvestment plan + References No definition available. + Details
Name: | frt_CommonUnitsIssuedUnderDividendReinvestmentPlan
Namespace Prefix: | frt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Contributions from noncontrolling interests + References No definition available. + Details
Name: | frt_Contributionsfromnoncontrollinginterests
Namespace Prefix: | frt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Distributions declared to common unit holders + References No definition available. + Details
Name: | frt_DistributionsDeclaredToCommonUnitHolders
Namespace Prefix: | frt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Distributions declared to noncontrolling interests in consolidated partnerships, excluding amounts attributable to redeemable noncontrolling interests + References No definition available. + Details
Name: | frt_DistributionsDeclaredToNoncontrollingInterestsInConsolidatedPartnershipsExcludingAmountsAttributableToRedeemableNoncontrollingInterests
Namespace Prefix: | frt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Distributions declared to preferred unit holders + References No definition available. + Details
Name: | frt_DistributionsDeclaredToPreferredUnitHolders
Namespace Prefix: | frt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Other Comprehensive Income (loss), net of portion attributable to noncontrolling interest + References No definition available. + Details
Name: | frt_OtherComprehensiveIncomeLossNetOfPortionAttributableToNoncontrollingInterest
Namespace Prefix: | frt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Partners capital account employee tax withholdings + References No definition available. + Details
Name: | frt_PartnersCapitalAccountEmployeeTaxWithholdings
Namespace Prefix: | frt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Partners Capital Account issuance costs net of common units issued + References No definition available. + Details
Name: | frt_PartnersCapitalAccountIssuanceCostsNetOfCommonUnitsIssued
Namespace Prefix: | frt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_IncreaseDecreaseInPartnersCapitalRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Decrease in noncontrolling interest (for example, but not limited to, redeeming or purchasing the interests of noncontrolling shareholders, issuance of shares (interests) by the non-wholly owned subsidiary to the parent entity for other than cash, and a buyback of shares (interest) by the non-wholly owned subsidiary from the noncontrolling interests). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 23 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-23 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-24 + Details
Name: | us-gaap_MinorityInterestDecreaseFromRedemptions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount after income tax of income (loss) including the portion attributable to nonredeemable noncontrolling interest. Excludes the portion attributable to redeemable noncontrolling interest recognized as temporary equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A + Details
Name: | us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total contributions made by each class of partners (i.e., general, limited and preferred partners). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 4.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 + Details
Name: | us-gaap_PartnersCapitalAccountContributions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total change in each class of partners' capital accounts during the year due to exchanges and conversions. Partners include general, limited and preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 + Details
Name: | us-gaap_PartnersCapitalAccountExchangesAndConversions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of increase (decrease) in partners' capital account for unit-based payment arrangement issued by partnership. Partner includes, but is not limited to, general, limited and preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 + Details
Name: | us-gaap_PartnersCapitalAccountUnitBasedCompensation
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of partners' capital (deficit), including portions attributable to both the parent and noncontrolling interests. Excludes temporary equity and is sometimes called permanent equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 + Details
Name: | us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidatedEntitiesAxis=srt_PartnershipInterestMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=frt_PreferredUnitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=frt_CommonUnitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_ParentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=frt_NoncontrollingInterestsInConsolidatedPartnershipsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | frt_ConvertibleUnitTypeAxis=frt_DownREITOPUnitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |