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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Investment in Real Estate:    
Land $ 1,830,815 $ 1,795,136
Buildings and Improvements 3,999,050 3,897,284
Construction in Progress 199,032 153,972
Less: Accumulated Depreciation (1,116,322) (1,085,708)
Net Investment in Real Estate 4,912,575 4,760,684
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $505 and $4,100 426 4,631
Operating Lease Right-of-Use Assets 19,535 19,866
Cash and Cash Equivalents 35,738 44,512
Restricted Cash 1,672 7,170
Tenant Accounts Receivable 8,942 7,312
Investment in Joint Venture 82,152 51,180
Deferred Rent Receivable 168,900 162,883
Prepaid Expenses and Other Assets, Net 218,114 203,188
Total Assets 5,448,054 5,261,426
Indebtedness:    
Mortgage Loan Payable 9,557 9,643
Senior Unsecured Notes, Net 995,364 995,184
Unsecured Term Loans, Net 921,633 922,476
Unsecured Credit Facility 454,000 282,000
Accounts Payable, Accrued Expenses and Other Liabilities 143,542 132,740
Operating Lease Liabilities 17,255 17,608
Rents Received in Advance and Security Deposits 102,014 104,558
Dividends and Distributions Payable 61,467 51,189
Total Liabilities 2,704,832 2,515,398
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 132,394,716 and 132,349,119 shares issued and outstanding) 1,324 1,323
Additional Paid-in Capital 2,429,120 2,425,253
Retained Earnings 208,434 219,095
Accumulated Other Comprehensive Income 12,199 19,936
Total First Industrial Realty Trust, Inc.'s Equity 2,651,077 2,665,607
Noncontrolling Interests 92,145 80,421
Total Equity 2,743,222 2,746,028
Total Liabilities and Equity/Partners' Capital 5,448,054 5,261,426
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,830,815 1,795,136
Buildings and Improvements 3,999,050 3,897,284
Construction in Progress 199,032 153,972
Less: Accumulated Depreciation (1,116,322) (1,085,708)
Net Investment in Real Estate 4,912,575 4,760,684
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $505 and $4,100 426 4,631
Operating Lease Right-of-Use Assets 19,535 19,866
Cash and Cash Equivalents 35,738 44,512
Restricted Cash 1,672 7,170
Tenant Accounts Receivable 8,942 7,312
Investment in Joint Venture 82,152 51,180
Deferred Rent Receivable 168,900 162,883
Prepaid Expenses and Other Assets, Net 227,324 212,417
Total Assets 5,457,264 5,270,655
Indebtedness:    
Mortgage Loan Payable 9,557 9,643
Senior Unsecured Notes, Net 995,364 995,184
Unsecured Term Loans, Net 921,633 922,476
Unsecured Credit Facility 454,000 282,000
Accounts Payable, Accrued Expenses and Other Liabilities 143,542 132,740
Operating Lease Liabilities 17,255 17,608
Rents Received in Advance and Security Deposits 102,014 104,558
Dividends and Distributions Payable 61,467 51,189
Total Liabilities 2,704,832 2,515,398
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:    
General Partner Units (132,394,716 and 132,349,119 units outstanding) 2,588,617 2,598,962
Limited Partners Units (4,081,021 and 3,640,860 units outstanding) 139,980 127,870
Accumulated Other Comprehensive Income 12,576 20,485
Total First Industrial, L.P.'s Partners' Capital 2,741,173 2,747,317
Noncontrolling Interests 11,259 7,940
Total Partners' Capital 2,752,432 2,755,257
Total Liabilities and Equity/Partners' Capital $ 5,457,264 $ 5,270,655