v3.26.1
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, 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   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
Beginning Balance at Dec. 31, 2025 2,758,930 1,325 2,436,238 230,668 3,159 87,540          
Beginning Balance at Dec. 31, 2025             2,768,086 2,614,216 143,488 3,256 7,126
Increase (Decrease) in Equity / Partners' Capital [Roll Forward]                      
Net Income 147,918     143,101   4,817 147,918 143,071 4,803   44
Other Comprehensive Income (Loss) 4,032       3,901 131 4,032     4,032  
Stock Based Compensation Activity 14,057 1 813 (667)   13,910          
Stock Based Compensation Activity             14,057 147 13,910    
Common Stock Dividends and Unit Distributions (68,339)     (66,371)   (1,968)          
Unit Distributions             (68,339) (66,371) (1,968)    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 864     (864) 0 864 (864)    
Retirement of Limited Partner Units (19)         (19) (19)   (19)    
Reallocation - Additional Paid-in Capital 0   4,778     (4,778)          
Reallocation - Other Comprehensive Income 0       (10) 10          
Contributions from Noncontrolling Interests             2       2
Distributions to Noncontrolling Interests (5,280)         (5,280) (5,303)       (5,303)
Ending Balance at Mar. 31, 2026 2,851,299 1,326 2,442,693 306,731 7,050 93,499          
Ending Balance at Mar. 31, 2026             2,860,434 2,691,927 159,350 7,288 1,869
Beginning Balance at Dec. 31, 2025 2,758,930 1,325 2,436,238 230,668 3,159 87,540          
Beginning Balance at Dec. 31, 2025             2,768,086 2,614,216 143,488 3,256 7,126
Increase (Decrease) in Equity / Partners' Capital [Roll Forward]                      
Net Income 227,612           227,612        
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 864     (864) 0 864 (864)    
Ending Balance at Jun. 30, 2026 2,869,630 1,326 2,445,366 317,478 11,325 94,135          
Ending Balance at Jun. 30, 2026             2,878,752 2,703,660 161,705 11,707 1,680
Beginning Balance at Mar. 31, 2026 2,851,299 1,326 2,442,693 306,731 7,050 93,499          
Beginning Balance at Mar. 31, 2026             2,860,434 2,691,927 159,350 7,288 1,869
Increase (Decrease) in Equity / Partners' Capital [Roll Forward]                      
Net Income 79,694     77,096   2,598 79,694 77,065 2,589   40
Other Comprehensive Income (Loss) 4,419       4,275 144 4,419     4,419  
Stock Based Compensation Activity 2,611 0 1,017 0   1,594          
Stock Based Compensation Activity             2,611 1,017 1,594    
Common Stock Dividends and Unit Distributions (68,177)     (66,349)   (1,828)          
Unit Distributions             (68,177) (66,349) (1,828)    
Reallocation - Additional Paid-in Capital 0   1,656     (1,656)          
Contributions from Noncontrolling Interests             3       3
Distributions to Noncontrolling Interests (216)         (216) (232)       (232)
Ending Balance at Jun. 30, 2026 $ 2,869,630 $ 1,326 $ 2,445,366 $ 317,478 $ 11,325 $ 94,135          
Ending Balance at Jun. 30, 2026             $ 2,878,752 $ 2,703,660 $ 161,705 $ 11,707 $ 1,680