FEDERAL REALTY INVESTMENT TRUST FRT Income Statement

Federal realty investment trust (FRT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
REVENUE
Rental income
932,044	932,738	928,946	924,694	919,131	912,287	911,321	894,409	874,487	854,286	821,612	807,033	795,722	786,583	774,912	759,005	741,954	727,812	710,246	694,796	681,295	666,322	654,641	642,837	633,666	620,089	610,850	603,485	592,069	580,114	564,697	551,768	542,972	536,749	533,592	529,105	525,741	522,651	516,680	513,243	0	0	0
Other property income
-	-	-	-	-	-	-	-	-	-	12,885	10,473	10,893	11,015	11,005	10,725	11,657	11,810	12,775	13,918	13,823	14,758	13,855	13,713	12,301	12,169	12,025	17,552	19,117	20,211	20,526	13,860	11,528	9,256	9,879	10,362	10,725	14,545	14,957	15,074	0	0	0
Mortgage interest income
3,074	3,050	3,069	3,127	3,127	3,149	3,125	3,066	3,067	3,062	3,003	3,198	4,021	3,993	4,072	4,354	3,953	4,390	4,861	4,854	4,936	5,010	5,063	5,101	5,125	5,155	5,402	5,442	5,465	5,466	5,368	5,395	5,243	5,098	4,933	4,719	4,656	4,601	4,341	4,553	0	0	0
Total revenue
935,118	935,788	932,015	927,821	922,258	915,436	904,017	892,217	875,364	857,348	837,500	820,704	810,636	801,591	789,989	774,084	757,564	744,012	727,882	713,568	700,054	686,090	673,559	661,651	651,092	637,413	628,277	626,479	616,651	605,791	590,591	571,023	559,743	551,103	548,404	544,186	541,122	541,797	535,978	532,870	0	0	0
EXPENSES
Rental expenses
187,883	187,831	186,689	174,114	172,581	173,094	171,990	171,331	168,554	164,890	159,428	156,766	156,616	158,326	157,477	153,328	148,973	147,593	143,475	140,944	139,726	135,417	132,383	129,520	126,324	118,695	116,697	117,310	116,007	112,616	110,908	107,845	106,072	109,364	109,204	109,639	110,017	110,519	106,812	104,862	0	0	0
Real estate taxes
112,304	110,927	110,818	110,874	114,015	114,776	114,576	112,982	111,197	107,839	103,226	100,707	97,582	95,286	94,123	90,954	88,224	85,824	81,133	79,703	78,200	76,506	76,393	74,419	72,887	71,759	70,240	69,064	67,969	66,454	64,221	62,044	61,054	60,404	59,563	59,701	58,982	58,663	59,586	59,222	0	0	0
General and administrative
43,440	42,754	41,667	38,245	35,236	33,600	34,248	35,713	35,943	36,281	34,134	33,263	33,656	33,399	33,397	34,539	34,802	35,645	35,640	34,640	33,465	32,316	33,270	32,439	32,617	31,970	31,166	32,374	31,211	31,158	32,236	30,682	29,938	28,985	26,423	25,130	24,751	24,189	23,158	22,530	0	0	0
Litigation provision
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Depreciation and amortization
242,324	239,758	245,303	246,433	245,757	244,245	233,663	228,496	222,781	216,050	208,104	201,396	197,165	193,585	191,560	186,375	180,611	174,796	171,784	170,726	168,948	170,814	168,616	165,297	164,161	160,828	154,699	150,205	145,647	141,701	138,150	135,371	132,043	125,888	123,921	121,284	120,433	118,878	117,722	117,924	0	0	0
Total operating expenses
585,951	581,270	584,477	569,666	567,589	565,715	554,477	548,522	538,475	525,060	504,892	492,132	485,019	480,596	476,557	465,196	452,610	443,858	432,032	426,013	420,339	415,053	410,662	401,675	395,989	383,252	372,802	368,953	360,834	351,929	345,515	335,942	329,107	324,641	319,441	316,084	314,513	312,579	307,608	304,993	0	0	0
INCOME FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	234,860	233,006	230,980	226,425	219,878	218,175	195,228	190,094	181,565	172,431	0	-	0	0	-	137,811	146,037	145,932	146,149	142,972	136,074	130,321	130,618	130,319	133,261	130,469	127,220	125,851	120,817	119,327	0	0	0
Discontinued operations - income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	942	1,342	0	0	-	0	-	-	2,192	1,375	1,632	1,437	976	705	0	0	-	0
Discontinued operations - gain on deconsolidation of VIE
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-
Discontinued operations - gain on sale of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	0
Results from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	0
Income before gain on sale of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	149,612	148,167	131,823	0	-	0	0	-	0	0
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes
-	-	31,992	20,824	-	11,915	18,386	66,036	81,060	77,922	69,949	24,119	6,910	32,458	49,279	44,334	54,056	28,330	15,910	15,910	0	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	0	0	-	-	-
OPERATING INCOME
465,560	470,911	379,530	378,979	363,268	361,636	437,875	428,905	418,127	410,210	332,608	328,572	325,617	320,995	313,432	308,888	304,954	300,154	295,850	287,555	279,715	271,037	262,897	259,976	255,103	254,161	255,475	257,526	255,817	253,862	245,076	235,081	230,636	226,462	228,963	228,102	226,609	229,218	228,370	227,877	0	0	0
OTHER INCOME/(EXPENSE)
Other interest income
1,397	1,266	1,040	970	940	942	879	639	548	475	342	368	377	374	325	226	223	149	158	154	98	94	313	381	428	433	274	465	512	689	627	502	410	218	194	76	89	256	1,157	1,399	0	0	0
Interest Expense
110,035	109,623	110,605	111,719	112,003	110,154	108,289	106,410	102,551	100,125	97,803	95,829	95,023	94,994	94,350	91,770	92,114	92,553	93,515	95,204	94,972	93,941	94,435	96,775	100,709	104,977	107,906	110,362	111,948	113,336	111,465	107,042	102,214	98,465	97,947	99,451	100,964	101,882	106,888	107,419	0	0	0
Early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	296	296	296	296	-2,801	-3,783	0	0	-	0
Income (Loss) from Equity Method Investments
-1,742	-2,012	-2,007	-3,198	-4,307	-3,398	-2,814	-1,556	-942	-417	-287	-105	9	50	471	831	1,237	1,416	1,320	1,406	1,250	1,243	1,342	1,277	1,399	1,498	1,593	1,702	1,768	1,757	1,836	1,780	1,786	1,808	1,755	1,446	1,190	1,060	979	1,253	0	0	0
Gain on sale of real estate in real estate partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
355,180	360,542	267,958	265,032	247,898	249,026	245,429	290,131	302,731	297,870	304,809	257,125	237,890	258,883	269,157	262,509	249,284	218,424	185,705	180,204	179,947	172,289	164,613	178,930	172,311	167,608	176,863	153,153	147,952	156,232	149,829	158,475	161,350	149,612	151,462	134,170	130,067	128,237	122,771	121,555	0	0	0
Net Income (Loss) Attributable to Noncontrolling Interest
6,695	6,676	6,940	6,921	7,094	7,119	7,373	7,856	7,760	7,956	7,514	7,630	8,745	8,973	9,330	9,212	8,296	8,205	8,278	8,149	7,979	7,754	6,784	6,078	5,465	4,927	4,946	4,690	4,425	4,307	4,675	4,912	5,633	5,695	5,650	5,771	5,311	5,447	5,364	5,371	0	0	0
NET INCOME ATTRIBUTABLE TO THE TRUST
348,485	353,866	261,018	258,111	240,804	241,907	238,056	282,275	294,971	289,914	297,295	249,495	229,145	249,910	259,827	253,297	240,988	210,219	177,427	172,055	171,968	164,535	157,829	172,852	166,846	162,681	171,917	148,463	143,527	151,925	145,154	153,563	155,717	143,917	145,812	128,399	124,756	122,790	117,407	116,184	0	0	0
Preferred Stock Dividends, Income Statement Impact
8,042	8,042	8,042	8,042	8,042	8,042	8,042	6,209	4,333	2,458	582	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	541	542	541	0	0	0
NET INCOME AVAILABLE FOR COMMON SHAREHOLDERS
340,443	345,824	252,976	250,069	232,762	233,865	230,014	276,066	290,638	287,456	296,713	248,954	228,604	249,369	259,286	252,756	240,447	209,678	176,886	171,514	171,427	163,994	157,288	172,311	166,305	162,140	171,376	147,922	142,986	151,384	144,613	153,022	155,176	143,376	145,271	127,858	124,215	122,249	116,865	115,643	0	0	0
EARNINGS PER COMMON SHARE, BASIC:
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.78	0.73	-	0.75	0.46	0.67	-	0.62	0.64	-	0.43	0.57	0.49	0.52	0.57	0.59	0.51	0.48	0.47	0.51	0.51	0.49	0.53	0.48	0.47	0.47	0.45	0.47
Gain on sale of real estate and change in control of interests, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.37	-	0.00	0.17	0.00	-	0.07	0.00	-	-	0.00	0.08	-	0.00	0.00	0.00	0.19	0.00	0.00	0.00	0.00	-	0.00	0.01	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.37	0.00	0.01	-	0.01	-	-	0.03	0.23	0.04	0.01	0.01	0.00	0.02	0.00	-	0.01
Net income available for common shareholders
0.70	1.94	0.84	1.05	0.78	0.71	0.82	0.84	0.81	0.67	1.47	1.05	0.78	0.80	0.82	0.79	1.10	0.99	0.75	0.63	0.67	0.51	0.69	0.64	0.58	0.43	0.94	0.57	0.53	0.58	0.60	0.51	0.67	0.50	0.74	0.55	0.50	0.54	0.48	0.50	0.47	0.45	0.48
Weighted average number of common shares
75,360	75,319	74,832	74,713	74,200	73,801	73,400	72,990	72,905	72,514	72,091	72,001	71,862	71,621	71,319	70,797	69,771	69,283	69,006	68,531	68,368	68,004	67,559	67,110	66,615	65,979	65,504	65,149	64,692	64,399	64,014	63,700	63,411	63,249	62,818	62,214	61,471	-	-	-	-	-	-
EARNINGS PER COMMON SHARE, DILUTED:
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.77	0.73	-	0.75	0.46	0.67	-	0.62	0.64	-	0.42	0.57	0.49	0.52	0.56	0.59	0.51	0.48	0.46	0.51	0.51	0.49	0.52	0.48	0.47	0.47	0.45	0.47
Gain on sale of real estate and change in control of interests, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.37	-	0.00	0.17	0.00	-	0.07	0.00	-	-	0.00	0.08	-	0.00	0.00	0.00	0.19	0.00	0.00	0.00	0.00	-	0.00	0.01	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.37	0.00	0.01	-	0.01	-	-	0.03	0.23	0.04	0.01	0.01	0.00	0.02	0.00	-	0.01
Net income available for common shareholders
0.70	1.94	0.84	1.05	0.78	0.71	0.82	0.84	0.81	0.67	1.47	1.05	0.78	0.80	0.82	0.78	1.10	0.98	0.75	0.63	0.67	0.51	0.69	0.64	0.57	0.42	0.94	0.57	0.53	0.57	0.60	0.51	0.67	0.49	0.74	0.55	0.50	0.53	0.48	0.50	0.47	0.45	0.48
Weighted average number of common shares
75,360	75,319	74,832	74,713	74,200	73,807	73,408	73,025	72,968	72,597	72,206	72,124	72,005	71,776	71,489	70,974	69,957	69,467	69,181	68,713	68,563	68,186	67,732	67,277	66,773	66,127	65,647	65,311	64,847	64,557	64,202	63,880	63,585	63,402	62,990	62,391	61,629	-	-	-	-	-	-
Comprehensive Income
COMPREHENSIVE INCOME
348,540	360,145	266,696	263,596	246,784	248,588	246,298	291,643	304,713	300,469	309,461	263,318	243,282	260,416	270,893	260,125	248,375	217,829	180,335	179,355	175,931	170,191	166,392	177,238	181,124	178,579	186,551	161,160	139,761	147,784	136,602	148,100	158,768	145,672	0	0	0	-	-	-	-	-	-
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE TRUST
341,845	353,469	259,756	256,675	239,690	241,469	238,925	283,787	296,953	292,513	301,947	255,688	234,537	251,443	261,563	250,913	240,079	209,624	172,057	171,206	167,952	162,437	159,608	171,160	175,659	173,652	181,605	156,470	135,336	143,477	131,927	143,188	153,135	139,977	0	0	0	-	-	-	-	-	-