v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Investment in Real Estate:    
Land $ 1,830,843 $ 1,795,136
Buildings and Improvements 4,029,755 3,897,284
Construction in Progress 234,164 153,972
Less: Accumulated Depreciation (1,143,363) (1,085,708)
Net Investment in Real Estate 4,951,399 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 19,311 19,866
Cash and Cash Equivalents 34,949 44,512
Restricted Cash 0 7,170
Tenant Accounts Receivable 7,715 7,312
Investment in Joint Venture 60,420 51,180
Deferred Rent Receivable 172,682 162,883
Prepaid Expenses and Other Assets, Net 205,639 203,188
Total Assets 5,452,115 5,261,426
Indebtedness:    
Mortgage Loan Payable 9,471 9,643
Senior Unsecured Notes, Net 1,437,522 995,184
Unsecured Term Loans, Net 922,102 922,476
Unsecured Credit Facility 24,000 282,000
Accounts Payable, Accrued Expenses and Other Liabilities 146,353 132,740
Operating Lease Liabilities 17,010 17,608
Rents Received in Advance and Security Deposits 99,867 104,558
Dividends and Distributions Payable 61,397 51,189
Total Liabilities 2,717,722 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 132,405,000 and 132,349,119 shares issued and outstanding) 1,324 1,323
Additional Paid-in Capital 2,431,682 2,425,253
Retained Earnings 204,660 219,095
Accumulated Other Comprehensive Income 7,356 19,936
Total First Industrial Realty Trust, Inc.'s Equity 2,645,022 2,665,607
Noncontrolling Interests 89,371 80,421
Total Equity 2,734,393 2,746,028
Total Liabilities and Equity/Partners' Capital 5,452,115 5,261,426
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,830,843 1,795,136
Buildings and Improvements 4,029,755 3,897,284
Construction in Progress 234,164 153,972
Less: Accumulated Depreciation (1,143,363) (1,085,708)
Net Investment in Real Estate 4,951,399 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 19,311 19,866
Cash and Cash Equivalents 34,949 44,512
Restricted Cash 0 7,170
Tenant Accounts Receivable 7,715 7,312
Investment in Joint Venture 60,420 51,180
Deferred Rent Receivable 172,682 162,883
Prepaid Expenses and Other Assets, Net 214,827 212,417
Total Assets 5,461,303 5,270,655
Indebtedness:    
Mortgage Loan Payable 9,471 9,643
Senior Unsecured Notes, Net 1,437,522 995,184
Unsecured Term Loans, Net 922,102 922,476
Unsecured Credit Facility 24,000 282,000
Accounts Payable, Accrued Expenses and Other Liabilities 146,353 132,740
Operating Lease Liabilities 17,010 17,608
Rents Received in Advance and Security Deposits 99,867 104,558
Dividends and Distributions Payable 61,397 51,189
Total Liabilities 2,717,722 2,515,398
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:    
General Partner Units (132,405,000 and 132,349,119 units outstanding) 2,585,912 2,598,962
Limited Partners Units (4,087,462 and 3,640,860 units outstanding) 141,527 127,870
Accumulated Other Comprehensive Income 7,584 20,485
Total First Industrial, L.P.'s Partners' Capital 2,735,023 2,747,317
Noncontrolling Interests 8,558 7,940
Total Partners' Capital 2,743,581 2,755,257
Total Liabilities and Equity/Partners' Capital $ 5,461,303 $ 5,270,655