v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investment in Real Estate:    
Land $ 1,900,780 $ 1,872,086
Buildings and Improvements 4,368,073 4,274,540
Construction in Progress 199,207 221,052
Less: Accumulated Depreciation (1,242,672) (1,191,767)
Net Investment in Real Estate 5,225,388 5,175,911
Operating Lease Right-of-Use Assets 19,022 19,589
Cash and Cash Equivalents 46,052 78,032
Restricted Cash 68,122 0
Tenant Accounts Receivable 8,788 11,857
Investment in Joint Venture 4,053 5,661
Deferred Rent Receivable 187,268 181,088
Prepaid Expenses and Other Assets, Net 221,972 215,943
Total Assets 5,780,665 5,688,081
Indebtedness:    
Mortgage Loan Payable 9,115 9,295
Senior Unsecured Notes, Net 1,439,673 1,438,607
Unsecured Term Loans, Net 993,394 922,494
Unsecured Credit Facility 123,000 183,000
Accounts Payable, Accrued Expenses and Other Liabilities 146,188 178,884
Operating Lease Liabilities 18,953 19,450
Rents Received in Advance and Security Deposits 111,252 114,765
Dividends and Distributions Payable 69,460 62,656
Total Liabilities 2,911,035 2,929,151
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 132,572,946 and 132,470,326 shares issued and outstanding) 1,326 1,325
Additional Paid-in Capital 2,445,366 2,436,238
Retained Earnings 317,478 230,668
Accumulated Other Comprehensive Income 11,325 3,159
Total First Industrial Realty Trust, Inc.'s Equity 2,775,495 2,671,390
Noncontrolling Interests 94,135 87,540
Total Equity 2,869,630 2,758,930
Total Liabilities and Equity/Partners' Capital 5,780,665 5,688,081
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,900,780 1,872,086
Buildings and Improvements 4,368,073 4,274,540
Construction in Progress 199,207 221,052
Less: Accumulated Depreciation (1,242,672) (1,191,767)
Net Investment in Real Estate 5,225,388 5,175,911
Operating Lease Right-of-Use Assets 19,022 19,589
Cash and Cash Equivalents 46,052 78,032
Restricted Cash 68,122 0
Tenant Accounts Receivable 8,788 11,857
Investment in Joint Venture 4,053 5,661
Deferred Rent Receivable 187,268 181,088
Prepaid Expenses and Other Assets, Net 231,094 225,099
Total Assets 5,789,787 5,697,237
Indebtedness:    
Mortgage Loan Payable 9,115 9,295
Senior Unsecured Notes, Net 1,439,673 1,438,607
Unsecured Term Loans, Net 993,394 922,494
Unsecured Credit Facility 123,000 183,000
Accounts Payable, Accrued Expenses and Other Liabilities 146,188 178,884
Operating Lease Liabilities 18,953 19,450
Rents Received in Advance and Security Deposits 111,252 114,765
Dividends and Distributions Payable 69,460 62,656
Total Liabilities 2,911,035 2,929,151
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:    
General Partner Units (132,572,946 and 132,470,326 units outstanding) 2,703,660 2,614,216
Limited Partner Units (4,457,995 and 4,031,088 units outstanding) 161,705 143,488
Accumulated Other Comprehensive Income 11,707 3,256
Total First Industrial, L.P.'s Partners' Capital 2,877,072 2,760,960
Noncontrolling Interests 1,680 7,126
Total Partners' Capital 2,878,752 2,768,086
Total Liabilities and Equity/Partners' Capital $ 5,789,787 $ 5,697,237