Form 10-Q · Quarterly report
Federal Realty Investment Trust 10-Q, filed Oct 30, 2026
- Filed
- CIK
- 0000034903
- Accession no.
- 0000034903-26-000056
Summary
Federal Realty Investment Trust reported its third-quarter 2026 portfolio and balance-sheet activity, including acquisitions of retail properties, dispositions, debt repayments, and a $460 million exchangeable senior note issuance. As of September 30, 2026, it owned or held majority interests in 102 predominantly retail real estate projects totaling about 28.8 million commercial square feet, which were 96.5% leased and 93.8% occupied.
Key points
- Federal Realty Investment Trust agreed to acquire the fee interest in The Summit, an 870,000-square-foot retail shopping center in Birmingham, Alabama, for $508.0 million on October 1, 2026.
- The trust sold a residential building at Santana Row and its Barcroft Plaza, Courthouse Center, CocoWalk building, and North Dartmouth properties during the nine months ended September 30, 2026 for a combined $227.1 million, producing a net gain of $113.3 million.
- Its Operating Partnership issued $460.0 million of 3.50% Exchangeable Senior Notes due 2031 on August 11, 2026, netting about $450.8 million and accompanied by capped call transactions with a $21.7 million premium.
- The trust amended and restated its revolving credit facility on April 14, 2026, raising capacity from $1.25 billion to $1.4 billion and extending maturity to April 12, 2030.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT'S DISCUSSION Overview Federal Realty Investment Trust is a leader in the ownership, operation, and redevelopment of high-quality retail-based properties located primarily in major coastal markets and select underserved regions that we believe have strong economic and demographic fundamentals. Founded in 1962, our mission is to deliver long-term, sustainable growth through investing in communities where we believe retail demand exceeds supply. This includes a portfolio of open-air shopping centers and mixed-use destinations, which we believe reflect our ability to create distinctive, high-performing environments that serve as vibrant destinations for their communities. …
An excerpt of the text as filed with the SEC, cut for length.
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