Federal Realty (FRT) Q3 2025 Earnings Transcript

Jan W. Sweetnam: Thanks, Jill, and good morning, everybody. Following are Don's prepared remarks. Best leasing quarter we've ever had. Ever. And that's saying something given the leasing strength over the past few years. 727,000 feet of comparable space written at $35.71, 28% more annual cash rent than the previous tenant. Two-thirds of that space was for renewals with the minimum capital required. Of the remaining one-third related to new tenants, over half related to space that is currently occupied, but ...