v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Investment in Real Estate:    
Land $ 1,872,086 $ 1,795,136
Buildings and Improvements 4,274,540 3,897,284
Construction in Progress 221,052 153,972
Less: Accumulated Depreciation (1,191,767) (1,085,708)
Net Investment in Real Estate 5,175,911 4,760,684
Real Estate, Held-for-Sale 0 4,631
Operating Lease Right-of-Use Assets 19,589 19,866
Cash and Cash Equivalents 78,032 44,512
Restricted Cash 0 7,170
Tenant Accounts Receivable 11,857 7,312
Investment in Joint Venture 5,661 51,180
Deferred Rent Receivable 181,088 162,883
Prepaid Expenses and Other Assets, Net 215,943 203,188
Total Assets 5,688,081 5,261,426
Indebtedness:    
Mortgage Loan Payable 9,295 9,643
Senior Unsecured Notes, Net 1,438,607 995,184
Unsecured Term Loans, Net 922,494 922,476
Unsecured Credit Facility 183,000 282,000
Accounts Payable, Accrued Expenses and Other Liabilities 178,884 132,740
Operating Lease Liabilities 19,450 17,608
Rents Received in Advance and Security Deposits 114,765 104,558
Dividends and Distributions Payable 62,656 51,189
Total Liabilities 2,929,151 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 132,470,326 and 132,349,119 shares issued and outstanding) 1,325 1,323
Additional Paid-in Capital 2,436,238 2,425,253
Retained Earnings 230,668 219,095
Accumulated Other Comprehensive Income 3,159 19,936
Total First Industrial Realty Trust, Inc.'s Equity 2,671,390 2,665,607
Noncontrolling Interests 87,540 80,421
Total Equity 2,758,930 2,746,028
Total Liabilities and Equity/Partners' Capital 5,688,081 5,261,426
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,872,086 1,795,136
Buildings and Improvements 4,274,540 3,897,284
Construction in Progress 221,052 153,972
Less: Accumulated Depreciation (1,191,767) (1,085,708)
Net Investment in Real Estate 5,175,911 4,760,684
Real Estate, Held-for-Sale 0 4,631
Operating Lease Right-of-Use Assets 19,589 19,866
Cash and Cash Equivalents 78,032 44,512
Restricted Cash 0 7,170
Tenant Accounts Receivable 11,857 7,312
Investment in Joint Venture 5,661 51,180
Deferred Rent Receivable 181,088 162,883
Prepaid Expenses and Other Assets, Net 225,099 212,417
Total Assets 5,697,237 5,270,655
Indebtedness:    
Mortgage Loan Payable 9,295 9,643
Senior Unsecured Notes, Net 1,438,607 995,184
Unsecured Term Loans, Net 922,494 922,476
Unsecured Credit Facility 183,000 282,000
Accounts Payable, Accrued Expenses and Other Liabilities 178,884 132,740
Operating Lease Liabilities 19,450 17,608
Rents Received in Advance and Security Deposits 114,765 104,558
Dividends and Distributions Payable 62,656 51,189
Total Liabilities 2,929,151 2,515,398
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial L.P.'s Partners' Capital:    
General Partner Units (132,470,326 and 132,349,119 units outstanding) 2,614,216 2,598,962
Limited Partner Units (4,031,088 and 3,640,860 units outstanding) 143,488 127,870
Accumulated Other Comprehensive Income 3,256 20,485
Total First Industrial, L.P.'s Partners' Capital 2,760,960 2,747,317
Noncontrolling Interests 7,126 7,940
Total Partners' Capital 2,768,086 2,755,257
Total Liabilities and Equity/Partners' Capital $ 5,697,237 $ 5,270,655