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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Investment in Real Estate:    
Land $ 1,839,302 $ 1,795,136
Buildings and Improvements 4,122,894 3,897,284
Construction in Progress 207,020 153,972
Less: Accumulated Depreciation (1,169,655) (1,085,708)
Net Investment in Real Estate 4,999,561 4,760,684
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $— and $4,100 0 4,631
Operating Lease Right-of-Use Assets 19,905 19,866
Cash and Cash Equivalents 33,506 44,512
Restricted Cash 3,300 7,170
Tenant Accounts Receivable 8,476 7,312
Investment in Joint Venture 61,209 51,180
Deferred Rent Receivable 176,060 162,883
Prepaid Expenses and Other Assets, Net 205,530 203,188
Total Assets 5,507,547 5,261,426
Indebtedness:    
Mortgage Loan Payable 9,383 9,643
Senior Unsecured Notes, Net 1,438,065 995,184
Unsecured Term Loans, Net 922,153 922,476
Unsecured Credit Facility 33,000 282,000
Accounts Payable, Accrued Expenses and Other Liabilities 181,311 132,740
Operating Lease Liabilities 19,751 17,608
Rents Received in Advance and Security Deposits 101,514 104,558
Dividends and Distributions Payable 61,582 51,189
Total Liabilities 2,766,759 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 132,422,260 and 132,349,119 shares issued and outstanding) 1,324 1,323
Additional Paid-in Capital 2,433,808 2,425,253
Retained Earnings 210,966 219,095
Accumulated Other Comprehensive Income 5,255 19,936
Total First Industrial Realty Trust, Inc.'s Equity 2,651,353 2,665,607
Noncontrolling Interests 89,435 80,421
Total Equity 2,740,788 2,746,028
Total Liabilities and Equity/Partners' Capital 5,507,547 5,261,426
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,839,302 1,795,136
Buildings and Improvements 4,122,894 3,897,284
Construction in Progress 207,020 153,972
Less: Accumulated Depreciation (1,169,655) (1,085,708)
Net Investment in Real Estate 4,999,561 4,760,684
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $— and $4,100 0 4,631
Operating Lease Right-of-Use Assets 19,905 19,866
Cash and Cash Equivalents 33,506 44,512
Restricted Cash 3,300 7,170
Tenant Accounts Receivable 8,476 7,312
Investment in Joint Venture 61,209 51,180
Deferred Rent Receivable 176,060 162,883
Prepaid Expenses and Other Assets, Net 214,704 212,417
Total Assets 5,516,721 5,270,655
Indebtedness:    
Mortgage Loan Payable 9,383 9,643
Senior Unsecured Notes, Net 1,438,065 995,184
Unsecured Term Loans, Net 922,153 922,476
Unsecured Credit Facility 33,000 282,000
Accounts Payable, Accrued Expenses and Other Liabilities 181,311 132,740
Operating Lease Liabilities 19,751 17,608
Rents Received in Advance and Security Deposits 101,514 104,558
Dividends and Distributions Payable 61,582 51,189
Total Liabilities 2,766,759 2,515,398
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:    
General Partner Units (132,422,260 and 132,349,119 units outstanding) 2,592,840 2,598,962
Limited Partners Units (4,079,154 and 3,640,860 units outstanding) 143,081 127,870
Accumulated Other Comprehensive Income 5,418 20,485
Total First Industrial, L.P.'s Partners' Capital 2,741,339 2,747,317
Noncontrolling Interests 8,623 7,940
Total Partners' Capital 2,749,962 2,755,257
Total Liabilities and Equity/Partners' Capital $ 5,516,721 $ 5,270,655