Federal Realty OP LP Form 10-Q — Oct 30, 2026
Federal Realty OP LP filed its combined Q3 2026 10-Q with results showing total revenue of $1.016 billion for the nine months, up 7.7% year over year, and net income of $318.6 million, up 9.5%. Q3 EPS was $0.74 versus $0.69 a year ago, driven by acquisitions, higher rental rates (14% cash spreads on comparable space for the nine months), and openings at Santana West. The portfolio was 96.5% leased and 93.8% occupied at quarter end. During the quarter the company issued $460 million of 3.50% exchangeable notes due 2031 and, post-quarter, acquired The Summit in Birmingham for $508 million while repurchasing $35.4 million of shares in October.
Key figures
- Eps
- 3.52
- Revenue
- 1015814000
- Guidance
- Expects overall capital costs (excluding acquisitions) to be at levels consistent with 2025; expects 2026 comparable lease volume at the high end or above the historical 2.0-2.4 million square feet per year.
- Net Income
- 318608000
- Total Debt
- 4883584000
- Total Assets
- 9097032000
- Cash Position
- 109728000
- Shares Outstanding
- 86021559
- Q3 2025 eps
- 0.69
- Q3 2026 eps
- 0.74
- Q3 poi yoy pct
- 6.1
- Leased rate pct
- 96.5
- Q3 2026 revenue
- 339024000
- Properties count
- 102
- Occupied rate pct
- 93.8
- Revolver capacity
- 1400000000
- Buyback authorized
- 300000000
- Debt maturing 12mo
- 890700000
- Gain on sale ninemo
- 113801000
- Ninemo 2025 revenue
- 942930000
- Renewal spread q3 pct
- 7
- Atm remaining capacity
- 688900000
- New lease spread q3 pct
- 20
- Q3 2026 revenue yoy pct
- 5.2
- Commercial sqft millions
- 28.8
- Summit acquisition price
- 508000000
- Ninemo net income yoy pct
- 9.5
- Buyback repurchased ytd usd
- 65000000
- Q3 property operating income
- 229896000
- Buyback repurchased ytd shares
- 591113
- Buyback subsequent october usd
- 35400000
- Exchangeable notes 2031 rate pct
- 3.5
- Buyback subsequent october shares
- 331473
- Exchangeable notes 2029 principal
- 485000000
- Exchangeable notes 2031 principal
- 460000000
- Dividends declared per share ninemo
- 3.42
- Cash rent spread comparable ninemo pct
- 14
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.