# Federal Realty OP LP — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_73c9e8c870356c7987fd · retrieved 2026-08-14T01:46:37.292Z

## Overview
Federal Realty Investment Trust is a real estate investment trust that conducts its business through Federal Realty OP LP, its operating partnership.

Federal Realty OP LP, the operating partnership of Federal Realty Investment Trust, issued $460,000,000 aggregate principal amount of 3.500% Exchangeable Senior Notes due August 15, 2031 on August 11, 2026, including $60,000,000 from the exercise of the initial purchasers' option to acquire additional Notes. The Notes are exchangeable into common shares of beneficial interest of Federal Realty Investment Trust at an initial exchange rate of 7.2179 common shares per $1,000 principal amount of Notes (equivalent to an exchange price of approximately $138.54 per common share). Interest is payable semiannually on February 15 and August 15 of each year, beginning February 15, 2027. The Notes are senior unsecured obligations ranking pari passu with existing and future unsecured and unsubordinated indebtedness of the Issuer.

## Terms
- Deal value: $460.0M · Consideration: mixed · Price/share: $138.54

## Key dates
- Announced 2026-08-11

## Timeline
- 2026-08-11 · 8-K (0001193125-26-344547): 8-K - Federal Realty OP LP — *Federal Realty Investment Trust is a real estate investment trust that conducts its business through Federal Realty OP LP, its operating partnership.* Federal Realty OP LP, the operating partnership of Federal Realty Investment Trust, issued $460,000,000 aggregate principal amount of 3.500% Exchangeable Senior Notes due August 15, 2031 on August 11, 2026, including $60,000,000 from the exercise of the initial purchasers' option to acquire additional Notes. The Notes are exchangeable into common shares of beneficial interest of Federal Realty Investment Trust at an initial exchange rate of 7.2179 common shares per $1,000 principal amount of Notes (equivalent to an exchange price of approximately $138.54 per common share). Interest is payable semiannually on February 15 and August 15 of each year, beginning February 15, 2027. The Notes are senior unsecured obligations ranking pari passu with existing and future unsecured and unsubordinated indebtedness of the Issuer.
  https://www.sec.gov/Archives/edgar/data/1901876/0001193125-26-344547.txt

## Citations
- 0001193125-26-344547 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526344547