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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Investment in Real Estate:    
Land $ 1,795,136 $ 1,756,971
Buildings and Improvements 3,897,284 3,711,718
Construction in Progress 153,972 245,391
Less: Accumulated Depreciation (1,085,708) (1,009,335)
Net Investment in Real Estate 4,760,684 4,704,745
Real Estate, Held-for-Sale 4,631 0
Operating Lease Right-of-Use Assets 19,866 24,211
Cash and Cash Equivalents 44,512 43,844
Restricted Cash 7,170 0
Tenant Accounts Receivable 7,312 10,993
Investment in Joint Venture 51,180 44,663
Deferred Rent Receivable 162,883 144,033
Prepaid Expenses and Other Assets, Net 203,188 203,276
Total Assets 5,261,426 5,175,765
Indebtedness:    
Mortgage Loan Payable 9,643 9,978
Senior Unsecured Notes, Net 995,184 994,463
Unsecured Term Loans, Net 922,476 920,863
Unsecured Credit Facility 282,000 299,000
Accounts Payable, Accrued Expenses and Other Liabilities 132,740 143,429
Operating Lease Liabilities 17,608 21,992
Rents Received in Advance and Security Deposits 104,558 106,734
Dividends and Distributions Payable 51,189 44,201
Total Liabilities 2,515,398 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 132,349,119 and 132,289,039 shares issued and outstanding) 1,323 1,323
Additional Paid-in Capital 2,425,253 2,411,673
Retained Earnings 219,095 127,707
Accumulated Other Comprehensive Income 19,936 22,272
Total First Industrial Realty Trust, Inc.'s Equity 2,665,607 2,562,975
Noncontrolling Interests 80,421 72,130
Total Equity 2,746,028 2,635,105
Total Liabilities and Equity/Partners' Capital 5,261,426 5,175,765
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,795,136 1,756,971
Buildings and Improvements 3,897,284 3,711,718
Construction in Progress 153,972 245,391
Less: Accumulated Depreciation (1,085,708) (1,009,335)
Net Investment in Real Estate 4,760,684 4,704,745
Real Estate, Held-for-Sale 4,631 0
Operating Lease Right-of-Use Assets 19,866 24,211
Cash and Cash Equivalents 44,512 43,844
Restricted Cash 7,170 0
Tenant Accounts Receivable 7,312 10,993
Investment in Joint Venture 51,180 44,663
Deferred Rent Receivable 162,883 144,033
Prepaid Expenses and Other Assets, Net 212,417 212,559
Total Assets 5,270,655 5,185,048
Indebtedness:    
Mortgage Loan Payable 9,643 9,978
Senior Unsecured Notes, Net 995,184 994,463
Unsecured Term Loans, Net 922,476 920,863
Unsecured Credit Facility 282,000 299,000
Accounts Payable, Accrued Expenses and Other Liabilities 132,740 143,429
Operating Lease Liabilities 17,608 21,992
Rents Received in Advance and Security Deposits 104,558 106,734
Dividends and Distributions Payable 51,189 44,201
Total Liabilities 2,515,398 2,540,660
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial L.P.'s Partners' Capital:    
General Partner Units (132,349,119 and 132,289,039 units outstanding) 2,598,962 2,505,150
Limited Partners Units (3,640,860 and 3,378,165 units outstanding) 127,870 109,003
Accumulated Other Comprehensive Income 20,485 22,842
Total First Industrial L.P.'s Partners' Capital 2,747,317 2,636,995
Noncontrolling Interests 7,940 7,393
Total Partners' Capital 2,755,257 2,644,388
Total Liabilities and Equity/Partners' Capital $ 5,270,655 $ 5,185,048