XML 16 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Investment in Real Estate:    
Land $ 1,761,864 $ 1,756,971
Buildings and Improvements 3,887,377 3,711,718
Construction in Progress 118,597 245,391
Less: Accumulated Depreciation (1,062,272) (1,009,335)
Net Investment in Real Estate 4,705,566 4,704,745
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $4,020 and $— 4,426 0
Operating Lease Right-of-Use Assets 19,896 24,211
Cash and Cash Equivalents 47,123 43,844
Restricted Cash 8,066 0
Tenant Accounts Receivable 5,526 10,993
Investment in Joint Venture 49,104 44,663
Deferred Rent Receivable 154,485 144,033
Prepaid Expenses and Other Assets, Net 206,328 203,276
Total Assets 5,200,520 5,175,765
Indebtedness:    
Mortgage Loan Payable 9,728 9,978
Senior Unsecured Notes, Net 995,004 994,463
Unsecured Term Loans, Net 922,073 920,863
Unsecured Credit Facility 248,000 299,000
Accounts Payable, Accrued Expenses and Other Liabilities 142,875 143,429
Operating Lease Liabilities 17,652 21,992
Rents Received in Advance and Security Deposits 102,428 106,734
Dividends and Distributions Payable 50,970 44,201
Total Liabilities 2,488,730 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 132,348,500 and 132,289,039 shares issued and outstanding) 1,323 1,323
Additional Paid-in Capital 2,421,738 2,411,673
Retained Earnings 199,713 127,707
Accumulated Other Comprehensive Income 9,633 22,272
Total First Industrial Realty Trust, Inc.'s Equity 2,632,407 2,562,975
Noncontrolling Interests 79,383 72,130
Total Equity 2,711,790 2,635,105
Total Liabilities and Equity/Partners' Capital 5,200,520 5,175,765
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,761,864 1,756,971
Buildings and Improvements 3,887,377 3,711,718
Construction in Progress 118,597 245,391
Less: Accumulated Depreciation (1,062,272) (1,009,335)
Net Investment in Real Estate 4,705,566 4,704,745
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $4,020 and $— 4,426 0
Operating Lease Right-of-Use Assets 19,896 24,211
Cash and Cash Equivalents 47,123 43,844
Restricted Cash 8,066 0
Tenant Accounts Receivable 5,526 10,993
Investment in Joint Venture 49,104 44,663
Deferred Rent Receivable 154,485 144,033
Prepaid Expenses and Other Assets, Net 215,574 212,559
Total Assets 5,209,766 5,185,048
Indebtedness:    
Mortgage Loan Payable 9,728 9,978
Senior Unsecured Notes, Net 995,004 994,463
Unsecured Term Loans, Net 922,073 920,863
Unsecured Credit Facility 248,000 299,000
Accounts Payable, Accrued Expenses and Other Liabilities 142,875 143,429
Operating Lease Liabilities 17,652 21,992
Rents Received in Advance and Security Deposits 102,428 106,734
Dividends and Distributions Payable 50,970 44,201
Total Liabilities 2,488,730 2,540,660
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:    
General Partner Units (132,348,500 and 132,289,039 units outstanding) 2,578,826 2,505,150
Limited Partners Units (3,641,548 and 3,378,165 units outstanding) 124,596 109,003
Accumulated Other Comprehensive Income 9,899 22,842
Total First Industrial L.P.'s Partners' Capital 2,713,321 2,636,995
Noncontrolling Interests 7,715 7,393
Total Partners' Capital 2,721,036 2,644,388
Total Liabilities and Equity/Partners' Capital $ 5,209,766 $ 5,185,048