CONSOLIDATED STATEMENT OF CHANGES IN EQUITY/ PARTNERS' CAPITAL - USD ($)
$ in Thousands |
Total |
Common Stock |
Additional Paid-in Capital |
Retained Earnings |
Accumulated Other Comprehensive Income (Loss) |
Noncontrolling Interests |
First Industrial, L.P. |
First Industrial, L.P.
General Partner Units
|
First Industrial, L.P.
Limited Partner Units
|
First Industrial, L.P.
Accumulated Other Comprehensive Income (Loss)
|
First Industrial, L.P.
Noncontrolling Interests
|
| Beginning Balance at Dec. 31, 2023 |
$ 2,635,105
|
$ 1,323
|
$ 2,411,673
|
$ 127,707
|
$ 22,272
|
$ 72,130
|
|
|
|
|
|
| Beginning Balance at Dec. 31, 2023 |
|
|
|
|
|
|
$ 2,644,388
|
$ 2,505,150
|
$ 109,003
|
$ 22,842
|
$ 7,393
|
| Increase (Decrease) in Equity / Partners' Capital [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
70,498
|
|
|
68,452
|
|
2,046
|
70,498
|
68,404
|
1,871
|
|
223
|
| Other Comprehensive Income (Loss) |
10,423
|
|
|
|
10,146
|
277
|
10,423
|
|
|
10,423
|
|
| Stock Based Compensation Activity |
7,674
|
0
|
(323)
|
(6)
|
|
8,003
|
|
|
|
|
|
| Stock Based Compensation Activity |
|
|
|
|
|
|
7,674
|
(329)
|
8,003
|
|
|
| Common Stock Dividends and Unit Distributions |
(50,309)
|
|
|
(49,049)
|
|
(1,260)
|
|
|
|
|
|
| Unit Distributions |
|
|
|
|
|
|
(50,309)
|
(49,049)
|
(1,260)
|
|
|
| Conversion of Limited Partner Units to Common Stock / General Partner Units |
0
|
|
7
|
|
|
(7)
|
0
|
7
|
(7)
|
|
|
| Retirement of Limited Partner Units |
(25)
|
|
|
|
|
(25)
|
(25)
|
|
(25)
|
|
|
| Reallocation - Additional Paid-in Capital |
0
|
|
3,007
|
|
|
(3,007)
|
|
|
|
|
|
| Reallocation - Other Comprehensive Income |
0
|
|
|
|
(44)
|
44
|
|
|
|
|
|
| Contributions from Noncontrolling Interests |
|
|
|
|
|
|
5
|
|
|
|
5
|
| Distributions to Noncontrolling Interests |
(98)
|
|
|
|
|
(98)
|
(113)
|
|
|
|
(113)
|
| Ending Balance at Mar. 31, 2024 |
2,673,268
|
1,323
|
2,414,364
|
147,104
|
32,374
|
78,103
|
|
|
|
|
|
| Ending Balance at Mar. 31, 2024 |
|
|
|
|
|
|
2,682,541
|
2,524,183
|
117,585
|
33,265
|
7,508
|
| Beginning Balance at Dec. 31, 2023 |
2,635,105
|
1,323
|
2,411,673
|
127,707
|
22,272
|
72,130
|
|
|
|
|
|
| Beginning Balance at Dec. 31, 2023 |
|
|
|
|
|
|
2,644,388
|
2,505,150
|
109,003
|
22,842
|
7,393
|
| Increase (Decrease) in Equity / Partners' Capital [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
123,374
|
|
|
|
|
|
123,374
|
|
|
|
|
| Conversion of Limited Partner Units to Common Stock / General Partner Units |
0
|
0
|
7
|
|
|
(7)
|
0
|
7
|
(7)
|
|
|
| Ending Balance at Jun. 30, 2024 |
2,679,179
|
1,323
|
2,418,232
|
149,413
|
31,653
|
78,558
|
|
|
|
|
|
| Ending Balance at Jun. 30, 2024 |
|
|
|
|
|
|
2,688,438
|
2,527,596
|
120,695
|
32,527
|
7,620
|
| Beginning Balance at Mar. 31, 2024 |
2,673,268
|
1,323
|
2,414,364
|
147,104
|
32,374
|
78,103
|
|
|
|
|
|
| Beginning Balance at Mar. 31, 2024 |
|
|
|
|
|
|
2,682,541
|
2,524,183
|
117,585
|
33,265
|
7,508
|
| Increase (Decrease) in Equity / Partners' Capital [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
52,876
|
|
|
51,318
|
|
1,558
|
52,876
|
51,291
|
1,414
|
|
171
|
| Other Comprehensive Income (Loss) |
(738)
|
|
|
|
(720)
|
(18)
|
(738)
|
|
|
(738)
|
|
| Stock Based Compensation Activity |
3,866
|
|
1,131
|
|
|
2,735
|
|
|
|
|
|
| Stock Based Compensation Activity |
|
|
|
|
|
|
3,866
|
1,131
|
2,735
|
|
|
| Common Stock Dividends and Unit Distributions |
(50,048)
|
|
|
(49,009)
|
|
(1,039)
|
|
|
|
|
|
| Unit Distributions |
|
|
|
|
|
|
(50,048)
|
(49,009)
|
(1,039)
|
|
|
| Reallocation - Additional Paid-in Capital |
0
|
|
2,737
|
|
|
(2,737)
|
|
|
|
|
|
| Reallocation - Other Comprehensive Income |
0
|
|
|
|
(1)
|
1
|
|
|
|
|
|
| Contributions from Noncontrolling Interests |
|
|
|
|
|
|
9
|
|
|
|
9
|
| Distributions to Noncontrolling Interests |
(45)
|
|
|
|
|
(45)
|
(68)
|
|
|
|
(68)
|
| Ending Balance at Jun. 30, 2024 |
2,679,179
|
1,323
|
2,418,232
|
149,413
|
31,653
|
78,558
|
|
|
|
|
|
| Ending Balance at Jun. 30, 2024 |
|
|
|
|
|
|
2,688,438
|
2,527,596
|
120,695
|
32,527
|
7,620
|
| Beginning Balance at Dec. 31, 2024 |
2,746,028
|
1,323
|
2,425,253
|
219,095
|
19,936
|
80,421
|
|
|
|
|
|
| Beginning Balance at Dec. 31, 2024 |
|
|
|
|
|
|
2,755,257
|
2,598,962
|
127,870
|
20,485
|
7,940
|
| Increase (Decrease) in Equity / Partners' Capital [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
52,884
|
|
|
48,103
|
|
4,781
|
52,884
|
48,071
|
1,475
|
|
3,338
|
| Other Comprehensive Income (Loss) |
(7,909)
|
|
|
|
(7,674)
|
(235)
|
(7,909)
|
|
|
(7,909)
|
|
| Stock Based Compensation Activity |
13,073
|
1
|
320
|
271
|
|
12,481
|
|
|
|
|
|
| Stock Based Compensation Activity |
|
|
|
|
|
|
13,073
|
592
|
12,481
|
|
|
| Common Stock Dividends and Unit Distributions |
(60,854)
|
|
|
(59,035)
|
|
(1,819)
|
|
|
|
|
|
| Unit Distributions |
|
|
|
|
|
|
(60,854)
|
(59,035)
|
(1,819)
|
|
|
| Conversion of Limited Partner Units to Common Stock / General Partner Units |
0
|
0
|
27
|
|
|
(27)
|
0
|
27
|
(27)
|
|
|
| Reallocation - Additional Paid-in Capital |
0
|
|
3,520
|
|
|
(3,520)
|
|
|
|
|
|
| Reallocation - Other Comprehensive Income |
0
|
|
|
|
(63)
|
63
|
|
|
|
|
|
| Contributions from Noncontrolling Interests |
|
|
|
|
|
|
6
|
|
|
|
6
|
| Distributions to Noncontrolling Interests |
|
|
|
|
|
|
(25)
|
|
|
|
(25)
|
| Ending Balance at Mar. 31, 2025 |
2,743,222
|
1,324
|
2,429,120
|
208,434
|
12,199
|
92,145
|
|
|
|
|
|
| Ending Balance at Mar. 31, 2025 |
|
|
|
|
|
|
2,752,432
|
2,588,617
|
139,980
|
12,576
|
11,259
|
| Beginning Balance at Dec. 31, 2024 |
2,746,028
|
1,323
|
2,425,253
|
219,095
|
19,936
|
80,421
|
|
|
|
|
|
| Beginning Balance at Dec. 31, 2024 |
|
|
|
|
|
|
2,755,257
|
2,598,962
|
127,870
|
20,485
|
7,940
|
| Increase (Decrease) in Equity / Partners' Capital [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
109,763
|
|
|
|
|
|
109,763
|
|
|
|
|
| Conversion of Limited Partner Units to Common Stock / General Partner Units |
0
|
0
|
101
|
|
|
(101)
|
0
|
101
|
(101)
|
|
|
| Ending Balance at Jun. 30, 2025 |
2,734,393
|
1,324
|
2,431,682
|
204,660
|
7,356
|
89,371
|
|
|
|
|
|
| Ending Balance at Jun. 30, 2025 |
|
|
|
|
|
|
2,743,581
|
2,585,912
|
141,527
|
7,584
|
8,558
|
| Beginning Balance at Mar. 31, 2025 |
2,743,222
|
1,324
|
2,429,120
|
208,434
|
12,199
|
92,145
|
|
|
|
|
|
| Beginning Balance at Mar. 31, 2025 |
|
|
|
|
|
|
2,752,432
|
2,588,617
|
139,980
|
12,576
|
11,259
|
| Increase (Decrease) in Equity / Partners' Capital [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
56,879
|
|
|
55,185
|
|
1,694
|
56,879
|
55,153
|
1,702
|
|
24
|
| Other Comprehensive Income (Loss) |
(4,992)
|
|
|
|
(4,842)
|
(150)
|
(4,992)
|
|
|
(4,992)
|
|
| Stock Based Compensation Activity |
2,292
|
|
1,027
|
|
|
1,265
|
|
|
|
|
|
| Stock Based Compensation Activity |
|
|
|
|
|
|
2,292
|
1,027
|
1,265
|
|
|
| Common Stock Dividends and Unit Distributions |
(60,305)
|
|
|
(58,959)
|
|
(1,346)
|
|
|
|
|
|
| Unit Distributions |
|
|
|
|
|
|
(60,305)
|
(58,959)
|
(1,346)
|
|
|
| Conversion of Limited Partner Units to Common Stock / General Partner Units |
0
|
|
74
|
|
|
(74)
|
0
|
74
|
(74)
|
|
|
| Reallocation - Additional Paid-in Capital |
0
|
|
1,461
|
|
|
(1,461)
|
|
|
|
|
|
| Reallocation - Other Comprehensive Income |
0
|
|
|
|
(1)
|
1
|
|
|
|
|
|
| Contributions from Noncontrolling Interests |
|
|
|
|
|
|
8
|
|
|
|
8
|
| Distributions to Noncontrolling Interests |
(2,703)
|
|
|
|
|
(2,703)
|
(2,733)
|
|
|
|
(2,733)
|
| Ending Balance at Jun. 30, 2025 |
$ 2,734,393
|
$ 1,324
|
$ 2,431,682
|
$ 204,660
|
$ 7,356
|
$ 89,371
|
|
|
|
|
|
| Ending Balance at Jun. 30, 2025 |
|
|
|
|
|
|
$ 2,743,581
|
$ 2,585,912
|
$ 141,527
|
$ 7,584
|
$ 8,558
|