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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net income $ 161,070 $ 66,578
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 99,217 86,946
Gain on sale of real estate (92,711) (1,171)
Income from partnerships (161) (177)
Straight-line rent (8,721) (7,463)
Share-based compensation expense 4,303 3,881
Other, net (1,817) (368)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Decrease in accounts receivable, net 8,281 16,799
Decrease in prepaid expenses and other assets 4,818 4,422
Increase in accounts payable and accrued expenses 12,377 7,185
(Decrease) increase in security deposits and other liabilities (2,062) 2,412
Net cash provided by operating activities 184,594 179,044
INVESTING ACTIVITIES    
Acquisition of real estate (65,724) (120,413)
Capital expenditures - development and redevelopment (38,987) (31,222)
Capital expenditures - other (25,963) (27,807)
Proceeds from sale of real estate 155,310 3,860
Distribution from partnerships in excess of earnings 1,313 642
Leasing costs (5,433) (6,826)
Net cash provided by (used in) investing activities 20,516 (181,766)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility 59,100 44,550
Repayment of senior notes (400,000) 0
Issuance and extension of notes payable, net of costs 250,000 (4,814)
Repayment of mortgages, finance leases and notes payable (2,950) (2,005)
Issuance of common shares, net of costs (30) 54,542
Dividends paid to common and preferred shareholders (99,110) (95,964)
Shares withheld for employee taxes (4,926) (4,607)
Contributions from noncontrolling interests 2,871 1,413
Distributions to and redemptions of noncontrolling interests (3,878) (3,133)
Net cash used in financing activities (198,923) (10,018)
Increase (decrease) in cash, cash equivalents and restricted cash 6,187 (12,740)
Cash, cash equivalents, and restricted cash at beginning of year 117,706 135,443
Cash, cash equivalents, and restricted cash at end of period 123,893 122,703
Federal Realty OP LP    
OPERATING ACTIVITIES    
Net income 161,070 66,578
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 99,217 86,946
Gain on sale of real estate (92,711) (1,171)
Income from partnerships (161) (177)
Straight-line rent (8,721) (7,463)
Share-based compensation expense 4,303 3,881
Other, net (1,817) (368)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Decrease in accounts receivable, net 8,281 16,799
Decrease in prepaid expenses and other assets 4,818 4,422
Increase in accounts payable and accrued expenses 12,377 7,185
(Decrease) increase in security deposits and other liabilities (2,062) 2,412
Net cash provided by operating activities 184,594 179,044
INVESTING ACTIVITIES    
Acquisition of real estate (65,724) (120,413)
Capital expenditures - development and redevelopment (38,987) (31,222)
Capital expenditures - other (25,963) (27,807)
Proceeds from sale of real estate 155,310 3,860
Distribution from partnerships in excess of earnings 1,313 642
Leasing costs (5,433) (6,826)
Net cash provided by (used in) investing activities 20,516 (181,766)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility 59,100 44,550
Repayment of senior notes (400,000) 0
Issuance and extension of notes payable, net of costs 250,000 (4,814)
Repayment of mortgages, finance leases and notes payable (2,950) (2,005)
Issuance of common units, net of costs (30) 54,542
Dividends paid to common and preferred unit holders (99,110) (95,964)
Shares withheld for employee taxes (4,926) (4,607)
Contributions from noncontrolling interests 2,871 1,413
Distributions to and redemptions of noncontrolling interests (3,878) (3,133)
Net cash used in financing activities (198,923) (10,018)
Increase (decrease) in cash, cash equivalents and restricted cash 6,187 (12,740)
Cash, cash equivalents, and restricted cash at beginning of year 117,706 135,443
Cash, cash equivalents, and restricted cash at end of period $ 123,893 $ 122,703