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Earnings Per Share And Unit (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of earnings per share and unit | The following potentially issuable shares were excluded from the diluted EPS and EPU calculations because their impact is anti-dilutive: •exercise of 1,190 stock options for the six months ended June 30, 2025, and 3,019 stock options for the three months ended June 30, 2025 and the three and six months ended June 30, 2024, •conversions of downREIT operating partnership units for the six months ended June 30, 2024, •conversions of 5.417% Series 1 Cumulative Convertible Preferred Shares and units for six months ended June 30, 2025 and the three and six months ended June 30, 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 six months ended June 30, 2025, and •exchange of common shares and units related to the 3.25% Exchangeable Senior Notes due 2029 for both the three and six months ended June 30, 2025 and 2024. Federal Realty Investment Trust Earnings per Share
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands, except per share data)
NUMERATOR |  |  |  |  |  |  |
Net income | $ | 159,956 |  |  | $ | 114,655 |  |  | $ | 226,534 |  |  | $ | 172,671 |
Less: Preferred share dividends | (2,008) |  |  | (2,008) |  |  | (4,016) |  |  | (4,016) |
Less: Income from operations attributable to noncontrolling interests | (4,040) |  |  | (2,673) |  |  | (6,850) |  |  | (3,953) |
Less: Earnings allocated to unvested shares | (520) |  |  | (399) |  |  | (727) |  |  | (663) |
Net income available for common shareholders, basic | $ | 153,388 |  |  | $ | 109,575 |  |  | $ | 214,941 |  |  | $ | 164,039 |
Add: Income attributable to downREIT operating partnership units | 601 |  |  | 686 |  |  | 1,268 |  |  | — |
Add: Dividends on 5.417% Series 1 Cumulative Convertible Preferred Shares | 133 |  |  | — |  |  | — |  |  | — |
Net income available for common shareholders, diluted | $ | 154,122 |  |  | $ | 110,261 |  |  | $ | 216,209 |  |  | $ | 164,039 |
DENOMINATOR |  |  |  |  |  |  |
Weighted average common shares outstanding, basic | 85,969 |  |  | 82,932 |  |  | 85,722 |  |  | 82,768 |
Effect of dilutive securities: |  |  |  |  |  |  |
DownREIT operating partnership units | 548 |  |  | 631 |  |  | 578 |  |  | — |
5.417% Series 1 Cumulative Convertible Preferred Shares | 94 |  |  | — |  |  | — |  |  | — |
Weighted average common shares outstanding, diluted | 86,611 |  |  | 83,563 |  |  | 86,300 |  |  | 82,768 |
EARNINGS PER COMMON SHARE, BASIC AND DILUTED: |  |  |  |  |  |  |
Net income available for common shareholders | $ | 1.78 |  |  | $ | 1.32 |  |  | $ | 2.51 |  |  | $ | 1.98 |
Federal Realty OP LP Earnings per Unit
| Three Months Ended |  | Six Months Ended |
| June 30, |  | June 30, |
| 2025 |  | 2024 |  | 2025 |  | 2024 |
| (In thousands, except per unit data) |
NUMERATOR |  |  |  |  |  |  |  |
Net income | $ | 159,956 |  |  | $ | 114,655 |  |  | $ | 226,534 |  |  | $ | 172,671 |  |
Less: Preferred unit distributions | (2,008) |  |  | (2,008) |  |  | (4,016) |  |  | (4,016) |  |
Less: Income from operations attributable to noncontrolling interests | (4,040) |  |  | (2,673) |  |  | (6,850) |  |  | (3,953) |  |
Less: Earnings allocated to unvested units | (520) |  |  | (399) |  |  | (727) |  |  | (663) |  |
Net income available for common unit holders, basic | $ | 153,388 |  |  | $ | 109,575 |  |  | $ | 214,941 |  |  | $ | 164,039 |  |
Add: Income attributable to downREIT operating partnership units | 601 |  |  | 686 |  |  | 1,268 |  |  | — |  |
Add: Dividends on 5.417% Series 1 Cumulative Convertible Preferred Units | 133 |  |  | — |  |  | — |  |  | — |  |
Net income available for common unit holders, diluted | $ | 154,122 |  |  | $ | 110,261 |  |  | $ | 216,209 |  |  | $ | 164,039 |  |
DENOMINATOR |  |  |  |  |  |  |  |
Weighted average common units outstanding, basic | 85,969 |  |  | 82,932 |  |  | 85,722 |  |  | 82,768 |  |
Effect of dilutive securities: |  |  |  |  |  |  |  |
DownREIT operating partnership units | 548 |  |  | 631 |  |  | 578 |  |  | — |  |
5.417% Series 1 Cumulative Convertible Preferred Units | 94 |  |  | — |  |  | — |  |  | — |  |
Weighted average common units outstanding, diluted | 86,611 |  |  | 83,563 |  |  | 86,300 |  |  | 82,768 |  |
EARNINGS PER COMMON UNIT, BASIC AND DILUTED: |  |  |  |  |  |  |  |
Net income available for common unit holders | $ | 1.78 |  |  | $ | 1.32 |  |  | $ | 2.51 |  |  | $ | 1.98 |  |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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