Market Summary
USD92.90-1.15
Market Closed-1.22%
FRT Stock Price
FRT RSI Chart
FRT Valuation
FRT Price/Sales (Trailing)
FRT Profitability
FRT Fundamentals
FRT Revenue
FRT Earnings
Price Action
52 Week Range
85.27115.08
(Low)(High)
Last 7 days
-6.0%
Last 30 days
-5.3%
Last 90 days
3.1%
Trailing 12 Months
2.7%
FRT Financial Health
FRT Investor Care
Historical Charts for Stock Metrics
Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
Get all data in R, Python etc through our Historical Stock Data APIs
Latest Insider Trading transactions for FRT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-15 | Guglielmone Daniel | sold (taxes) | -42,876 | 99.25 | -432 | evp-cfo and treasurer |
2023-08-03 | Guglielmone Daniel | sold (taxes) | -84,875 | 102 | -827 | evp-cfo and treasurer |
2023-06-09 | WOOD DONALD C | gifted | - | - | -16,929 | chief executive officer |
2023-06-09 | WOOD DONALD C | gifted | - | - | 16,929 | chief executive officer |
2023-06-09 | WOOD DONALD C | gifted | - | - | -27,714 | chief executive officer |
2023-06-09 | WOOD DONALD C | gifted | - | - | 27,714 | chief executive officer |
2023-02-14 | WOOD DONALD C | sold | -212,196 | 112 | -1,891 | chief executive officer |
2023-02-13 | Guglielmone Daniel | sold | -276,732 | 110 | -2,500 | evp-cfo and treasurer |
Which funds bought or sold FRT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | new | - | 1,935 | 1,935 | -% |
2023-09-20 | BARCLAYS PLC | added | 252 | 12,078,000 | 17,007,000 | 0.01% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -1.54 | -1,384 | 37,160 | 0.01% |
2023-08-25 | STRATEGY ASSET MANAGERS LLC | added | 11.7 | 24,409 | 284,552 | 0.06% |
2023-08-23 | WOLVERINE TRADING, LLC | added | 22.88 | 84,838 | 439,838 | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | -1,000 | 8,000 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -3.99 | -341,433 | 5,361,060 | 0.05% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | -13,000 | 609,000 | 0.01% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.35 | -408,132 | 8,907,480 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 26.57 | 944,457 | 4,886,010 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Federal Realty Investment Trust
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | norges bank | 8.88% | 7,212,626 | SC 13G/A | |
| Feb 13, 2023 | capital research global investors | 7.3% | 5,956,420 | SC 13G/A | |
| Feb 09, 2023 | state street corp | 12.56% | 10,198,880 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 15.77% | 12,802,837 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.4% | 7,606,970 | SC 13G | |
| Jan 20, 2023 | jpmorgan chase & co | 5.3% | 4,377,501 | SC 13G/A | |
| Feb 11, 2022 | capital research global investors | 5.2% | 4,039,858 | SC 13G/A | |
| Feb 11, 2022 | state street corp | 9.60% | 7,465,999 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 15.30% | 11,900,087 | SC 13G/A | |
| Feb 08, 2022 | norges bank | 9.27% | 7,212,626 | SC 13G/A |
Recent SEC filings of Federal Realty Investment Trust
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 07, 2023 | 4 | Insider Trading | |
| Aug 02, 2023 | 8-K | Current Report | |
| Aug 02, 2023 | 10-Q | Quarterly Report |
FRT Fair Value
Loading...
Peers (Alternatives to Federal Realty Investment Trust)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 36.9B | 5.1B | -2.01% | 17.36% | 86.19 | 7.19 | 13.73% | -68.04% |
EQR | 22.8B | 2.0B | -6.30% | -11.85% | 27.35 | 11.3 | -22.97% | -33.54% |
ARE | 20.0B | 2.7B | -13.66% | -28.12% | 26.64 | 7.46 | 15.16% | 88.51% |
KIM | 11.0B | 1.8B | -6.40% | -7.72% | 27.11 | 6.23 | 6.75% | -42.80% |
| MID-CAP | ||||||||
FRT | 7.6B | 1.1B | -5.28% | 2.70% | 19.53 | 6.84 | 8.31% | 38.10% |
KRG | 4.7B | 820.5M | -1.92% | 22.31% | 167.75 | 5.74 | 29.95% | 125.56% |
VNO | 4.3B | 1.8B | 1.49% | -8.17% | -11.49 | 2.34 | 5.60% | -286.96% |
MAC | 2.4B | 866.2M | 1.07% | 40.86% | -27.99 | 2.82 | 0.51% | -335.26% |
| SMALL-CAP | ||||||||
SLG | 2.4B | 882.0M | 5.01% | -4.95% | -5.46 | 2.74 | 11.76% | -239.94% |
SKT | 2.4B | 426.3M | -1.96% | 60.49% | 25.05 | 5.56 | 1.38% | 137.97% |
PGRE | 1.0B | 732.3M | -3.86% | -29.19% | -12.06 | 1.4 | -0.03% | -4012.90% |
AIV | 1.0B | 339.3M | -11.18% | -12.50% | -5.75 | 2.99 | 88.48% | -168.70% |
Federal Realty Investment Trust News
Returns for FRT
Cumulative Returns on FRT
2.1%
10-Year Cumulative Returns
-4.4%
7-Year Cumulative Returns
-3.2%
5-Year Cumulative Returns
10.9%
3-Year Cumulative Returns
Risks for FRT
What is the probability of a big loss on FRT?
51.1%
Probability that Federal Realty Investment Trust stock will be more than 20% underwater in next one year
25.8%
Probability that Federal Realty Investment Trust stock will be more than 30% underwater in next one year.
19.2%
Probability that Federal Realty Investment Trust stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does FRT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Federal Realty Investment Trust was unfortunately bought at previous high price.
Drawdowns
Financials for Federal Realty Investment Trust
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.5% | 1,107 | 1,091 | 1,074 | 1,048 | 1,022 | 990 | 951 | 917 | 877 | 822 | 835 | 855 | 881 | 935 | 936 | 932 | 928 | 922 | 915 | 904 | 892 |
| Operating Expenses | 1.2% | 728 | 720 | 712 | 702 | 682 | 664 | 646 | 621 | 607 | 594 | 587 | 582 | 588 | 586 | 581 | 584 | 570 | 568 | 566 | 554 | 549 |
| S&GA Expenses | -3.2% | 51.00 | 53.00 | 53.00 | 54.00 | 53.00 | 52.00 | 50.00 | 48.00 | 45.00 | 42.00 | 42.00 | 40.00 | 42.00 | 43.00 | 43.00 | 42.00 | 38.00 | 35.00 | 34.00 | 34.00 | 36.00 |
| Interest Expenses | 7.5% | 155 | 145 | 137 | 131 | 128 | 127 | 128 | 133 | 137 | 140 | 136 | 126 | 117 | 110 | 110 | 111 | 112 | 112 | 110 | 108 | 106 |
| Net Income | -0.3% | 388 | 389 | 385 | 385 | 281 | 265 | 261 | 241 | 161 | 125 | 132 | 184 | 278 | 348 | 354 | 261 | 258 | 241 | 242 | 238 | 282 |
| Net Income Margin | -100.0% | - | 0.36* | 0.36* | 0.37* | 0.27* | 0.27* | 0.27* | 0.26* | 0.18* | 0.15* | 0.16* | 0.22* | 0.32* | 0.37* | 0.38* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 557 | 517 | 515 | 485 | 459 | 471 | 468 | 436 | 366 | 370 | 386 | 401 | 476 | 462 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.1% | 8,279 | 8,269 | 8,234 | 8,217 | 7,810 | 7,668 | 7,622 | 7,634 | 7,679 | 7,670 | 7,608 | 7,711 | 7,790 | 7,760 | 6,795 | 6,608 | 6,384 | 6,351 | 6,290 | 6,286 | 6,303 |
| Cash Equivalents | -1.4% | 98.00 | 99.00 | 86.00 | 146 | 195 | 178 | 175 | 188 | 317 | 808 | 817 | 888 | 1,001 | 1,019 | 154 | 207 | 140 | 82.00 | 108 | 95.00 | 109 |
| Liabilities | 0.7% | 5,120 | 5,087 | 5,022 | 5,049 | 4,725 | 4,740 | 4,745 | 4,875 | 4,890 | 4,926 | 4,921 | 5,133 | 5,099 | 5,001 | 4,019 | 3,912 | 3,738 | 3,715 | 3,686 | 3,711 | 3,774 |
| Shareholder's Equity | -3.4% | 2,901 | 3,004 | 2,954 | 2,901 | 2,876 | 2,715 | 2,663 | 2,546 | 2,576 | 2,605 | 2,549 | 2,418 | 2,531 | 2,600 | 2,636 | 2,573 | 2,511 | 2,502 | 2,467 | 2,433 | 2,388 |
| Additional Paid-In Capital | 0.1% | 3,833 | 3,829 | 3,822 | 3,794 | 3,758 | 3,573 | 3,489 | 3,399 | 3,395 | 3,387 | 3,297 | 3,174 | 3,170 | 3,167 | 3,167 | 3,167 | 3,089 | 3,072 | 3,004 | 2,947 | 2,885 |
| Shares Outstanding | 0.0% | 82.00 | 82.00 | 81.00 | 81.00 | 79.00 | 78.00 | 79.00 | 77.00 | 77.00 | 77.00 | 77.00 | 75.00 | 75.00 | 75.00 | 76.00 | 75.00 | 75.00 | 75.00 | 74.00 | 73.00 | 73.00 |
| Minority Interest | 0.9% | 80.00 | 79.00 | 80.00 | 81.00 | 81.00 | 81.00 | 83.00 | 85.00 | 86.00 | 84.00 | 85.00 | 90.00 | 97.00 | 98.00 | 101 | 103 | 103 | 113 | 121 | 122 | 123 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -1.5% | 549 | 557 | 517 | 515 | 485 | 459 | 471 | 468 | 436 | 366 | 370 | 386 | 401 | 476 | 462 | 496 | 496 | 497 | 517 | 484 | 483 |
| Share Based Compensation | 1.1% | 14.00 | 14.00 | 14.00 | 13.00 | 13.00 | 13.00 | 13.00 | 12.00 | - | - | 12.00 | - | - | - | - | - | - | - | - | - | - |
| Cashflow From Investing | 13.6% | -690 | -798 | -786 | -668 | -450 | -673 | -660 | -656 | -621 | -291 | -368 | -462 | -460 | -364 | -316 | -307 | -226 | -250 | -192 | -240 | -529 |
| Cashflow From Financing | -70.9% | 50.00 | 171 | 190 | 125 | -156 | -416 | -452 | -511 | -498 | -285 | 662 | 758 | 920 | 826 | -100 | -76.42 | -237 | -238 | -241 | -182 | 48.00 |
FRT Income Statement
2023-06-30Consolidated Statements Of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| REVENUE | ||||
| Rental income | $ 280,388 | $ 263,830 | $ 553,186 | $ 520,337 |
| Mortgage interest income | 291 | 269 | 552 | 533 |
| Total revenue | 280,679 | 264,099 | 553,738 | 520,870 |
| EXPENSES | ||||
| Rental expenses | 55,610 | 51,169 | 110,815 | 107,380 |
| Real estate taxes | 32,381 | 31,265 | 64,947 | 61,825 |
| General and administrative | 11,913 | 13,604 | 24,458 | 25,946 |
| Depreciation and amortization | 78,974 | 74,461 | 157,611 | 146,135 |
| Total operating expenses | 178,878 | 170,499 | 357,831 | 341,286 |
| Gain on sale of real estate | 0 | 0 | 1,702 | 0 |
| OPERATING INCOME | 101,801 | 93,600 | 197,609 | 179,584 |
| OTHER INCOME/(EXPENSE) | ||||
| Other interest income | 2,422 | 133 | 3,054 | 253 |
| Interest expense | (42,884) | (32,074) | (82,109) | (63,647) |
| Income from partnerships | 1,665 | 2,808 | 2,181 | 3,005 |
| NET INCOME | 63,004 | 64,467 | 120,735 | 119,195 |
| Net income attributable to noncontrolling interests | (2,505) | (2,791) | (4,901) | (5,535) |
| NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | 60,499 | 61,676 | 115,834 | 113,660 |
| Dividends on preferred shares | (2,008) | (2,008) | (4,016) | (4,018) |
| NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS | $ 58,491 | $ 59,668 | $ 111,818 | $ 109,642 |
| EARNINGS PER COMMON SHARE, BASIC: | ||||
| Net income available for common shareholders | $ 0.72 | $ 0.75 | $ 1.37 | $ 1.38 |
| Weighted average number of common shares | 81,214 | 79,202 | 81,178 | 78,826 |
| EARNINGS PER COMMON SHARE, DILUTED: | ||||
| Net income available for common shareholders | $ 0.72 | $ 0.75 | $ 1.37 | $ 1.38 |
| Weighted average number of common shares | 81,214 | 79,202 | 81,178 | 78,855 |
| COMPREHENSIVE INCOME | ||||
| COMPREHENSIVE INCOME | $ 64,066 | $ 66,689 | $ 120,461 | $ 125,333 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | 61,449 | 63,701 | 115,573 | 119,257 |
| Federal Realty OP LP | ||||
| REVENUE | ||||
| Rental income | 280,388 | 263,830 | 553,186 | 520,337 |
| Mortgage interest income | 291 | 269 | 552 | 533 |
| Total revenue | 280,679 | 264,099 | 553,738 | 520,870 |
| EXPENSES | ||||
| Rental expenses | 55,610 | 51,169 | 110,815 | 107,380 |
| Real estate taxes | 32,381 | 31,265 | 64,947 | 61,825 |
| General and administrative | 11,913 | 13,604 | 24,458 | 25,946 |
| Depreciation and amortization | 78,974 | 74,461 | 157,611 | 146,135 |
| Total operating expenses | 178,878 | 170,499 | 357,831 | 341,286 |
| Gain on sale of real estate | 0 | 0 | 1,702 | 0 |
| OPERATING INCOME | 101,801 | 93,600 | 197,609 | 179,584 |
| OTHER INCOME/(EXPENSE) | ||||
| Other interest income | 2,422 | 133 | 3,054 | 253 |
| Interest expense | (42,884) | (32,074) | (82,109) | (63,647) |
| Income from partnerships | 1,665 | 2,808 | 2,181 | 3,005 |
| NET INCOME | 63,004 | 64,467 | 120,735 | 119,195 |
| Net income attributable to noncontrolling interests | (2,505) | (2,791) | (4,901) | (5,535) |
| NET INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | 60,499 | 61,676 | 115,834 | 113,660 |
| Distributions declared to preferred unit holders | (2,008) | (2,008) | (4,016) | (4,018) |
| NET INCOME AVAILABLE FOR COMMON UNIT HOLDERS | $ 58,491 | $ 59,668 | $ 111,818 | $ 109,642 |
| EARNINGS PER COMMON UNIT, BASIC: | ||||
| Net income available for common unit holders | $ 0.72 | $ 0.75 | $ 1.37 | $ 1.38 |
| Weighted average common units outstanding | 81,214 | 79,202 | 81,178 | 78,826 |
| EARNINGS PER COMMON UNIT, DILUTED: | ||||
| Net income available for common unit holders | $ 0.72 | $ 0.75 | $ 1.37 | $ 1.38 |
| Weighted average common units outstanding | 81,214 | 79,202 | 81,178 | 78,855 |
| COMPREHENSIVE INCOME | ||||
| COMPREHENSIVE INCOME | $ 64,066 | $ 66,689 | $ 120,461 | $ 125,333 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST / PARTNERSHIP | $ 61,449 | $ 63,701 | $ 115,573 | $ 119,257 |
FRT Balance Sheet
2023-06-30Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| ASSETS | ||
| Operating (including $2,008,167 and $1,997,583 of consolidated variable interest entities, respectively) | $ 9,732,833 | $ 9,441,945 |
| Construction-in-progress (including $11,441 and $8,477 of consolidated variable interest entities, respectively) | 667,554 | 662,554 |
| Real estate, at cost, total | 10,400,387 | 10,104,499 |
| Less accumulated depreciation and amortization (including $388,881 and $362,921 of consolidated variable interest entities, respectively) | (2,839,550) | (2,715,817) |
| Net real estate | 7,560,837 | 7,388,682 |
| Cash and cash equivalents | 98,064 | 85,558 |
| Accounts and notes receivable, net | 195,689 | 197,648 |
| Mortgage notes receivable, net | 9,222 | 9,456 |
| Investment in partnerships | 34,942 | 145,205 |
| Operating lease right of use assets, net | 88,215 | 94,569 |
| Finance lease right of use assets, net | 44,891 | 45,467 |
| Prepaid expenses and other assets | 247,016 | 267,406 |
| TOTAL ASSETS | 8,278,876 | 8,233,991 |
| Liabilities | ||
| Mortgages payable, net (including $190,562 and $191,827 of consolidated variable interest entities, respectively) | 319,208 | 320,615 |
| Notes payable, net | 633,095 | 601,077 |
| Senior notes and debentures, net | 3,479,333 | 3,407,701 |
| Accounts payable and accrued expenses | 187,027 | 190,340 |
| Dividends payable | 90,441 | 90,263 |
| Security deposits payable | 29,292 | 28,508 |
| Operating lease liabilities | 76,928 | 77,743 |
| Finance lease liabilities | 67,655 | 67,660 |
| Other liabilities and deferred credits | 237,317 | 237,699 |
| Total liabilities | 5,120,296 | 5,021,606 |
| Commitments and contingencies (Note 6) | ||
| Redeemable noncontrolling interests | 178,149 | 178,370 |
| Shareholders’ equity | ||
| Common shares of beneficial interest, $.01 par, 200,000,000 and 100,000,000 shares authorized, respectively, 81,515,511 and 81,342,959 shares issued and outstanding, respectively | 820 | 818 |
| Additional paid-in capital | 3,832,983 | 3,821,801 |
| Accumulated dividends in excess of net income | (1,098,432) | (1,034,186) |
| Accumulated other comprehensive income | 5,496 | 5,757 |
| Total shareholders’ equity of the Trust | 2,900,689 | 2,954,012 |
| Noncontrolling interests | 79,742 | 80,003 |
| Total shareholders’ equity | 2,980,431 | 3,034,015 |
| Partner capital | ||
| Accumulated other comprehensive income | 5,496 | 5,757 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL | 8,278,876 | 8,233,991 |
| Federal Realty OP LP | ||
| ASSETS | ||
| Operating (including $2,008,167 and $1,997,583 of consolidated variable interest entities, respectively) | 9,732,833 | 9,441,945 |
| Construction-in-progress (including $11,441 and $8,477 of consolidated variable interest entities, respectively) | 667,554 | 662,554 |
| Real estate, at cost, total | 10,400,387 | 10,104,499 |
| Less accumulated depreciation and amortization (including $388,881 and $362,921 of consolidated variable interest entities, respectively) | (2,839,550) | (2,715,817) |
| Net real estate | 7,560,837 | 7,388,682 |
| Cash and cash equivalents | 98,064 | 85,558 |
| Accounts and notes receivable, net | 195,689 | 197,648 |
| Mortgage notes receivable, net | 9,222 | 9,456 |
| Investment in partnerships | 34,942 | 145,205 |
| Operating lease right of use assets, net | 88,215 | 94,569 |
| Finance lease right of use assets, net | 44,891 | 45,467 |
| Prepaid expenses and other assets | 247,016 | 267,406 |
| TOTAL ASSETS | 8,278,876 | 8,233,991 |
| Liabilities | ||
| Mortgages payable, net (including $190,562 and $191,827 of consolidated variable interest entities, respectively) | 319,208 | 320,615 |
| Notes payable, net | 633,095 | 601,077 |
| Senior notes and debentures, net | 3,479,333 | 3,407,701 |
| Accounts payable and accrued expenses | 187,027 | 190,340 |
| Dividends payable | 90,441 | 90,263 |
| Security deposits payable | 29,292 | 28,508 |
| Operating lease liabilities | 76,928 | 77,743 |
| Finance lease liabilities | 67,655 | 67,660 |
| Other liabilities and deferred credits | 237,317 | 237,699 |
| Total liabilities | 5,120,296 | 5,021,606 |
| Commitments and contingencies (Note 6) | ||
| Redeemable noncontrolling interests | 178,149 | 178,370 |
| Shareholders’ equity | ||
| Accumulated other comprehensive income | 5,496 | 5,757 |
| Partner capital | ||
| Preferred units, 398,878 units issued and outstanding | 154,788 | 154,788 |
| Common units, 81,515,511 and 81,342,959 units issued and outstanding, respectively | 2,740,405 | 2,793,467 |
| Accumulated other comprehensive income | 5,496 | 5,757 |
| Total partner capital | 2,900,689 | 2,954,012 |
| Noncontrolling interests in consolidated partnerships | 79,742 | 80,003 |
| Total capital | 2,980,431 | 3,034,015 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY / CAPITAL | 8,278,876 | 8,233,991 |
| 5.0% Series C Cumulative Redeemable Preferred Shares, (stated at liquidation preference $25,000 per share), 6,000 shares issued and outstanding | ||
| Shareholders’ equity | ||
| Preferred shares, authorized 15,000,000 shares, $.01 par: | 150,000 | 150,000 |
| 5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 392,878 shares issued and outstanding | ||
| Shareholders’ equity | ||
| Preferred shares, authorized 15,000,000 shares, $.01 par: | $ 9,822 | $ 9,822 |
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 106 properties include approximately 3,100 tenants, in 25 million square feet, and approximately 3,200 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 54 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.