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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income $ 226,534 $ 172,671
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 176,187 168,453
Gain on sale of real estate (77,672) (52,280)
Income from partnerships (1,082) (937)
New market tax credit transaction income (14,176) 0
Straight-line rent (13,844) (10,686)
Share-based compensation expense 7,464 7,639
Other, net (1,163) (990)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Decrease in accounts receivable, net 14,709 16,294
Decrease in prepaid expenses and other assets 15,333 15,084
(Decrease) increase in accounts payable and accrued expenses (3,805) 1,383
Increase (decrease) in security deposits and other liabilities 1,252 (5,748)
Net cash provided by operating activities 329,737 310,883
INVESTING ACTIVITIES    
Acquisition of real estate (120,413) (213,875)
Capital expenditures - development and redevelopment (69,350) (68,616)
Capital expenditures - other (55,257) (55,489)
Proceeds from sale of real estate 141,151 96,324
Distribution from partnerships in excess of earnings 1,094 2,142
Leasing costs (13,547) (13,113)
Net cash used in investing activities (116,322) (252,627)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility 17,600 81,800
Issuance of senior notes, net of costs 0 471,507
Repayment of senior notes 0 (600,000)
Costs to extend and issue notes and mortgages payable (4,818) (902)
Repayment of mortgages, finance leases and notes payable (2,840) (1,640)
Purchase of capped calls 0 (19,448)
Issuance of common shares, net of costs 54,503 70,938
Dividends paid to common and preferred shareholders (192,498) (183,875)
Shares withheld for employee taxes (4,675) (4,686)
Contributions from noncontrolling interests 1,413 725
Distributions to and acquistion/redemptions of noncontrolling interests (13,921) (18,862)
Net cash used in financing activities (145,236) (204,443)
Increase (decrease) in cash, cash equivalents and restricted cash 68,179 (146,187)
Cash, cash equivalents, and restricted cash at beginning of year 135,443 260,004
Cash, cash equivalents, and restricted cash at end of period 203,622 113,817
Federal Realty OP LP    
OPERATING ACTIVITIES    
Net income 226,534 172,671
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 176,187 168,453
Gain on sale of real estate (77,672) (52,280)
Income from partnerships (1,082) (937)
New market tax credit transaction income (14,176) 0
Straight-line rent (13,844) (10,686)
Share-based compensation expense 7,464 7,639
Other, net (1,163) (990)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Decrease in accounts receivable, net 14,709 16,294
Decrease in prepaid expenses and other assets 15,333 15,084
(Decrease) increase in accounts payable and accrued expenses (3,805) 1,383
Increase (decrease) in security deposits and other liabilities 1,252 (5,748)
Net cash provided by operating activities 329,737 310,883
INVESTING ACTIVITIES    
Acquisition of real estate (120,413) (213,875)
Capital expenditures - development and redevelopment (69,350) (68,616)
Capital expenditures - other (55,257) (55,489)
Proceeds from sale of real estate 141,151 96,324
Distribution from partnerships in excess of earnings 1,094 2,142
Leasing costs (13,547) (13,113)
Net cash used in investing activities (116,322) (252,627)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility 17,600 81,800
Issuance of senior notes, net of costs 0 471,507
Repayment of senior notes 0 (600,000)
Costs to extend and issue notes and mortgages payable (4,818) (902)
Repayment of mortgages, finance leases and notes payable (2,840) (1,640)
Purchase of capped calls 0 (19,448)
Issuance of common units, net of costs 54,503 70,938
Dividends paid to common and preferred unit holders (192,498) (183,875)
Shares withheld for employee taxes (4,675) (4,686)
Contributions from noncontrolling interests 1,413 725
Distributions to and acquistion/redemptions of noncontrolling interests (13,921) (18,862)
Net cash used in financing activities (145,236) (204,443)
Increase (decrease) in cash, cash equivalents and restricted cash 68,179 (146,187)
Cash, cash equivalents, and restricted cash at beginning of year 135,443 260,004
Cash, cash equivalents, and restricted cash at end of period $ 203,622 $ 113,817