v3.25.4
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY/ PARTNER'S 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, 2022 $ 2,530,299 $ 1,321 $ 2,401,334 $ 23,131 $ 33,412 $ 71,101          
Beginning Balance at Dec. 31, 2022             $ 2,539,580 $ 2,395,601 $ 95,015 $ 34,186 $ 14,778
Increase (Decrease) in Stockholders' Equity / Partners' Capital                      
Net Income 285,837     274,816   11,021 285,837 274,628 7,073   4,136
Other Comprehensive Income (Loss) (11,344)       (11,059) (285) (11,344)     (11,344)  
Stock Based Compensation Activity 15,109 2 3,827 (712)   11,992          
Stock Based Compensation Activity             15,109 3,117 11,992    
Common Stock Dividends and Unit Distributions (173,255)     (169,528)   (3,727)          
Unit Distributions             (173,255) (169,528) (3,727)    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 1,332     (1,332) 0 1,332 (1,332)    
Retirement of Limited Partner Units (18)         (18) (18)   (18)    
Contributions from Noncontrolling Interests             30       30
Distributions to Noncontrolling Interests (11,523)         (11,523) (11,551)       (11,551)
Reallocation—Additional Paid-in Capital 0   5,180     (5,180)          
Reallocation—Other Comprehensive Income 0       (81) 81          
Ending Balance at Dec. 31, 2023 2,635,105 1,323 2,411,673 127,707 22,272 72,130          
Ending Balance at Dec. 31, 2023             2,644,388 2,505,150 109,003 22,842 7,393
Increase (Decrease) in Stockholders' Equity / Partners' Capital                      
Net Income 295,988     287,554   8,434 295,988 287,346 7,898   744
Other Comprehensive Income (Loss) (2,357)       (2,294) (63) (2,357)     (2,357)  
Stock Based Compensation Activity 18,608 0 2,565 (6)   16,049          
Stock Based Compensation Activity             18,608 2,559 16,049    
Common Stock Dividends and Unit Distributions (201,065)     (196,160)   (4,905)          
Unit Distributions             (201,065) (196,160) (4,905)    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 67     (67) 0 67 (67)    
Retirement of Limited Partner Units (108)         (108) (108)   (108)    
Contributions from Noncontrolling Interests             42       42
Distributions to Noncontrolling Interests (143)         (143) (239)       (239)
Reallocation—Additional Paid-in Capital 0   10,948     (10,948)          
Reallocation—Other Comprehensive Income 0       (42) 42          
Ending Balance at Dec. 31, 2024 2,746,028 1,323 2,425,253 219,095 19,936 80,421          
Ending Balance at Dec. 31, 2024             2,755,257 2,598,962 127,870 20,485 7,940
Increase (Decrease) in Stockholders' Equity / Partners' Capital                      
Net Income 264,079     247,443   16,636 264,079 247,315 7,602   9,162
Other Comprehensive Income (Loss) (17,229)       (16,715) (514) (17,229)     (17,229)  
Stock Based Compensation Activity 19,132 2 2,565 271   16,294          
Stock Based Compensation Activity             19,132 2,838 16,294    
Common Stock Dividends and Unit Distributions (243,177)     (236,141)   (7,036)          
Unit Distributions             (243,177) (236,141) (7,036)    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 1,242     (1,242) 0 1,242 (1,242)    
Contributions from Noncontrolling Interests             25       25
Distributions to Noncontrolling Interests (9,903)         (9,903) (10,001)       (10,001)
Reallocation—Additional Paid-in Capital 0   7,178     (7,178)          
Reallocation—Other Comprehensive Income 0       (62) 62          
Ending Balance at Dec. 31, 2025 $ 2,758,930 $ 1,325 $ 2,436,238 $ 230,668 $ 3,159 $ 87,540          
Ending Balance at Dec. 31, 2025             $ 2,768,086 $ 2,614,216 $ 143,488 $ 3,256 $ 7,126