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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Investment in Real Estate:    
Land $ 1,752,507 $ 1,756,971
Buildings and Improvements 3,748,360 3,711,718
Construction in Progress 217,764 245,391
Less: Accumulated Depreciation (1,025,594) (1,009,335)
Net Investment in Real Estate 4,693,037 4,704,745
Operating Lease Right-of-Use Assets 24,094 24,211
Cash and Cash Equivalents 48,884 43,844
Tenant Accounts Receivable 12,463 10,993
Investment in Joint Venture 47,735 44,663
Deferred Rent Receivable 147,512 144,033
Prepaid Expenses and Other Assets, Net 226,656 203,276
Total Assets 5,200,381 5,175,765
Indebtedness:    
Mortgage Loan Payable 9,896 9,978
Senior Unsecured Notes, Net 994,644 994,463
Unsecured Term Loans, Net 921,266 920,863
Unsecured Credit Facility 306,000 299,000
Accounts Payable, Accrued Expenses and Other Liabilities 116,161 143,429
Operating Lease Liabilities 21,865 21,992
Rents Received in Advance and Security Deposits 106,586 106,734
Dividends and Distributions Payable 50,695 44,201
Total Liabilities 2,527,113 2,540,660
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 132,341,354 and 132,289,039 shares issued and outstanding) 1,323 1,323
Additional Paid-in Capital 2,414,364 2,411,673
Retained Earnings 147,104 127,707
Accumulated Other Comprehensive Income 32,374 22,272
Total First Industrial Realty Trust, Inc.'s Equity 2,595,165 2,562,975
Noncontrolling Interests 78,103 72,130
Total Equity 2,673,268 2,635,105
Total Liabilities and Equity/Partners' Capital 5,200,381 5,175,765
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,752,507 1,756,971
Buildings and Improvements 3,748,360 3,711,718
Construction in Progress 217,764 245,391
Less: Accumulated Depreciation (1,025,594) (1,009,335)
Net Investment in Real Estate 4,693,037 4,704,745
Operating Lease Right-of-Use Assets 24,094 24,211
Cash and Cash Equivalents 48,884 43,844
Tenant Accounts Receivable 12,463 10,993
Investment in Joint Venture 47,735 44,663
Deferred Rent Receivable 147,512 144,033
Prepaid Expenses and Other Assets, Net 235,929 212,559
Total Assets 5,209,654 5,185,048
Indebtedness:    
Mortgage Loan Payable 9,896 9,978
Senior Unsecured Notes, Net 994,644 994,463
Unsecured Term Loans, Net 921,266 920,863
Unsecured Credit Facility 306,000 299,000
Accounts Payable, Accrued Expenses and Other Liabilities 116,161 143,429
Operating Lease Liabilities 21,865 21,992
Rents Received in Advance and Security Deposits 106,586 106,734
Dividends and Distributions Payable 50,695 44,201
Total Liabilities 2,527,113 2,540,660
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:    
General Partner Units (132,341,354 and 132,289,039 units outstanding) 2,524,183 2,505,150
Limited Partners Units (3,637,284 and 3,378,165 units outstanding) 117,585 109,003
Accumulated Other Comprehensive Income 33,265 22,842
Total First Industrial L.P.'s Partners' Capital 2,675,033 2,636,995
Noncontrolling Interests 7,508 7,393
Total Partners' Capital 2,682,541 2,644,388
Total Liabilities and Equity/Partners' Capital $ 5,209,654 $ 5,185,048