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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investment in Real Estate:    
Land $ 1,646,179 $ 1,387,198
Buildings and Improvements 3,442,957 3,020,221
Construction in Progress 253,903 239,025
Less: Accumulated Depreciation (921,480) (868,296)
Net Investment in Real Estate 4,421,559 3,778,148
Operating Lease Right-of-Use Assets 24,580 24,927
Cash and Cash Equivalents 133,244 58,591
Restricted Cash 11,874 189
Tenant Accounts Receivable 7,135 5,104
Investment in Joint Ventures 8,822 36,049
Deferred Rent Receivable 122,918 98,727
Deferred Leasing Intangibles, Net 24,090 21,316
Prepaid Expenses and Other Assets, Net 200,100 156,047
Total Assets 4,954,322 4,179,098
Indebtedness:    
Mortgage Loans Payable, Net 10,299 79,674
Senior Unsecured Notes, Net 993,742 993,021
Unsecured Term Loans, Net 919,260 458,325
Unsecured Credit Facility 143,000 79,000
Accounts Payable, Accrued Expenses and Other Liabilities 178,879 153,096
Operating Lease Liabilities 22,266 22,592
Deferred Leasing Intangibles, Net 15,152 9,252
Rents Received in Advance and Security Deposits 100,166 98,588
Dividends and Distributions Payable 41,259 37,178
Total Liabilities 2,424,023 1,930,726
Commitments and Contingencies (see Note 14)
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial L.P.'s Partners' Capital:    
Common Stock ($0.01 par value, 225,000,000 shares authorized and 132,141,503 and 131,747,725 shares issued and outstanding) 1,321 1,317
Additional Paid-in Capital 2,401,334 2,376,026
Retained Earnings (Accumulated Deficit) 23,131  
Retained Earnings (Distributions in Excess of Accumulated Earnings)   (178,293)
Accumulated Other Comprehensive Income (Loss) 33,412 (4,238)
Total First Industrial Realty Trust, Inc.'s Equity 2,459,198 2,194,812
Noncontrolling Interests 71,101 53,560
Total Equity 2,530,299 2,248,372
Total Liabilities and Equity/Partners' Capital 4,954,322 4,179,098
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,646,179 1,387,198
Buildings and Improvements 3,442,957 3,020,221
Construction in Progress 253,903 239,025
Less: Accumulated Depreciation (921,480) (868,296)
Net Investment in Real Estate 4,421,559 3,778,148
Operating Lease Right-of-Use Assets 24,580 24,927
Cash and Cash Equivalents 133,244 58,591
Restricted Cash 11,874 189
Tenant Accounts Receivable 7,135 5,104
Investment in Joint Ventures 8,822 36,049
Deferred Rent Receivable 122,918 98,727
Deferred Leasing Intangibles, Net 24,090 21,316
Prepaid Expenses and Other Assets, Net 209,381 165,282
Total Assets 4,963,603 4,188,333
Indebtedness:    
Mortgage Loans Payable, Net 10,299 79,674
Senior Unsecured Notes, Net 993,742 993,021
Unsecured Term Loans, Net 919,260 458,325
Unsecured Credit Facility 143,000 79,000
Accounts Payable, Accrued Expenses and Other Liabilities 178,879 153,096
Operating Lease Liabilities 22,266 22,592
Deferred Leasing Intangibles, Net 15,152 9,252
Rents Received in Advance and Security Deposits 100,166 98,588
Dividends and Distributions Payable 41,259 37,178
Total Liabilities 2,424,023 1,930,726
Commitments and Contingencies (see Note 14)
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial L.P.'s Partners' Capital:    
General Partner Units (132,141,503 and 131,747,725 units outstanding) 2,395,601 2,175,549
Limited Partners Units (3,055,766 and 2,935,203 units outstanding) 95,015 81,435
Accumulated Other Comprehensive Income (Loss) 34,186 (4,331)
Total First Industrial L.P.'s Partners' Capital 2,524,802 2,252,653
Noncontrolling Interests 14,778 4,954
Total Partners' Capital 2,539,580 2,257,607
Total Liabilities and Equity/Partners' Capital $ 4,963,603 $ 4,188,333