Federal realty investment trust (FRT)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
REVENUE
Rental income

932,738

912,287

854,286

786,583

727,812

666,322

620,089

580,114

536,749

522,651

510,777

501,055

Other property income

-

-

-

11,015

11,810

14,758

12,169

20,211

9,256

14,545

12,849

14,008

Mortgage interest income

3,050

3,149

3,062

3,993

4,390

5,010

5,155

5,466

5,098

4,601

4,943

4,548

Total revenue

935,788

915,436

857,348

801,591

744,012

686,090

637,413

605,791

551,103

541,797

528,569

519,611

EXPENSES
Rental expenses

187,831

173,094

164,890

158,326

147,593

135,417

118,695

112,616

109,364

110,519

108,344

109,463

Real estate taxes

110,927

114,776

107,839

95,286

85,824

76,506

71,759

66,454

60,404

58,663

57,866

55,417

General and administrative

42,754

33,600

36,281

33,399

35,645

32,316

31,970

31,158

28,985

24,189

22,032

26,732

Litigation provision

-

-

-

-

-

-

-

-

-

330

16,355

-

Depreciation and amortization

239,758

244,245

216,050

193,585

174,796

170,814

160,828

141,701

125,888

118,878

114,443

110,748

Total operating expenses

581,270

565,715

525,060

480,596

443,858

415,053

383,252

351,929

324,641

312,579

319,040

302,360

INCOME FROM CONTINUING OPERATIONS

-

-

-

226,425

190,094

167,888

137,811

142,972

130,319

125,851

101,325

120,616

Discontinued operations - income

-

-

-

-

-

-

942

1,400

2,192

976

1,249

1,965

Discontinued operations - gain on deconsolidation of VIE

-

-

-

-

-

-

-

-

2,026

0

0

-

Discontinued operations - gain on sale of real estate

-

-

-

-

-

-

23,861

0

15,075

1,000

1,298

12,572

Results from discontinued operations

-

-

-

-

-

-

24,803

1,400

19,293

1,976

2,547

14,537

Income before gain on sale of real estate

-

-

-

-

-

-

162,614

144,372

149,612

127,827

103,872

135,153

Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes

116,393

11,915

77,922

32,458

28,330

4,401

4,994

11,860

0

410

0

-

OPERATING INCOME

470,911

361,636

410,210

320,995

300,154

271,037

254,161

253,862

226,462

229,218

209,529

217,251

OTHER INCOME/(EXPENSE)
Other interest income

1,266

942

475

374

149

94

433

689

218

256

1,894

916

Interest Expense

109,623

110,154

100,125

94,994

92,553

93,941

104,977

113,336

98,465

101,882

108,781

99,163

Early extinguishment of debt

0

0

-12,273

0

-19,072

-10,545

-13,304

0

296

-2,801

-2,639

-

Income (Loss) from Equity Method Investments

-2,012

-3,398

-417

50

1,416

1,243

1,498

1,757

1,808

1,060

1,322

1,612

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

360,542

249,026

297,870

258,883

218,424

172,289

167,608

156,232

149,612

128,237

103,872

135,153

Net Income (Loss) Attributable to Noncontrolling Interest

6,676

7,119

7,956

8,973

8,205

7,754

4,927

4,307

5,695

5,447

5,568

5,366

NET INCOME ATTRIBUTABLE TO THE TRUST

353,866

241,907

289,914

249,910

210,219

164,535

162,681

151,925

143,917

122,790

98,304

129,787

Preferred Stock Dividends, Income Statement Impact

8,042

8,042

2,458

541

541

541

541

541

541

541

541

541

NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS

345,824

233,865

287,456

249,369

209,678

163,994

162,140

151,384

143,376

122,249

97,763

129,246

EARNINGS PER COMMON SHARE, BASIC:
Continuing operations

-

-

-

-

-

2.35

2.01

2.15

1.98

1.95

1.59

1.94

Gain on sale of real estate and change in control of interests, net

-

-

-

-

-

0.07

0.08

0.19

0.00

0.01

0.00

-

Discontinued operations

-

-

-

-

-

-

0.38

0.02

0.31

0.03

0.04

0.25

Net income available for common shareholders

4.61

3.18

3.97

3.51

3.04

2.42

2.47

2.36

2.29

1.99

1.63

2.19

Weighted average number of common shares

74,766

73,274

72,117

70,877

68,797

67,322

65,331

63,881

62,438

61,182

59,704

58,665

EARNINGS PER COMMON SHARE, DILUTED:
Continuing operations

-

-

-

-

-

2.34

2.00

2.14

1.97

1.94

1.59

1.94

Gain on sale of real estate and change in control of interests, net

-

-

-

-

-

0.07

0.08

0.19

0.00

0.01

0.00

-

Discontinued operations

-

-

-

-

-

-

0.38

0.02

0.31

0.03

0.04

0.25

Net income available for common shareholders

4.61

3.18

3.97

3.50

3.03

2.41

2.46

2.35

2.28

1.98

1.63

2.19

Weighted average number of common shares

74,766

73,302

72,233

71,049

68,981

67,492

65,483

64,056

62,603

61,324

59,830

58,889

Comprehensive Income
Other comprehensive (loss) income - change in value of interest rate swaps

-397

-438

2,599

1,533

-595

-2,098

10,971

-8,448

-3,940

0

-

-

COMPREHENSIVE INCOME

360,145

248,588

300,469

260,416

217,829

170,191

178,579

147,784

145,672

128,237

-

-

Comprehensive income attributable to noncontrolling interests

6,676

7,119

7,956

8,973

8,205

7,754

4,927

4,307

5,695

5,447

-

-

COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST

353,469

241,469

292,513

251,443

209,624

162,437

173,652

143,477

139,977

122,790

-

-