v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Lease Revenue $ 196,319 $ 179,424 $ 584,140 $ 532,268
Joint Venture Fees 7 388 88 1,120
Other Revenue 789 1,618 2,654 5,279
Total Revenues 197,115 181,430 586,882 538,667
Expenses:        
Property Expenses 50,372 46,185 151,947 139,950
General and Administrative 8,607 8,552 40,431 32,883
Joint Venture Development Services Expense 4 190 53 524
Depreciation and Other Amortization 50,996 45,748 151,291 136,709
Total Expenses 109,979 100,675 343,722 310,066
Other Income (Expense):        
Gain on Sale of Real Estate 0 9,538 125,623 17,503
Interest Expense (24,787) (21,731) (73,074) (62,922)
Amortization of Debt Issuance Costs (1,571) (1,393) (4,673) (3,684)
Total Other Income (Expense) (26,358) (13,586) 47,876 (49,103)
Income from Operations Before Equity in Income of Joint Venture and Income Tax Provision 60,778 67,169 291,036 179,498
Equity in Income of Joint Venture 54 387 244 3,800
Income Tax Provision (309) (192) (3,145) (6,171)
Net Income 60,523 67,364 288,135 177,127
Less: Net Income Attributable to the Noncontrolling Interests (1,973) (2,058) (9,388) (8,533)
Net Income Available to Common Stockholders / Unitholders and Participating Securities 58,550 65,306 278,747 168,594
Net Income Allocable to Participating Securities (33) (37) (134) (108)
Net Income Available to Common Stockholders / Unitholders $ 58,517 $ 65,269 $ 278,613 $ 168,486
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders - Basic $ 0.44 $ 0.49 $ 2.10 $ 1.27
Net Income Available to Common Stockholders / Unitholders - Diluted $ 0.44 $ 0.49 $ 2.10 $ 1.27
Weighted Average Shares/Units Outstanding - Basic 132,612 132,450 132,597 132,432
Weighted Average Shares/Units Outstanding - Diluted 132,686 132,504 132,665 132,492
First Industrial, L.P.        
Revenues:        
Lease Revenue $ 196,319 $ 179,424 $ 584,140 $ 532,268
Joint Venture Fees 7 388 88 1,120
Other Revenue 789 1,618 2,654 5,279
Total Revenues 197,115 181,430 586,882 538,667
Expenses:        
Property Expenses 50,372 46,185 151,947 139,950
General and Administrative 8,607 8,552 40,431 32,883
Joint Venture Development Services Expense 4 190 53 524
Depreciation and Other Amortization 50,996 45,748 151,291 136,709
Total Expenses 109,979 100,675 343,722 310,066
Other Income (Expense):        
Gain on Sale of Real Estate 0 9,538 125,623 17,503
Interest Expense (24,787) (21,731) (73,074) (62,922)
Amortization of Debt Issuance Costs (1,571) (1,393) (4,673) (3,684)
Total Other Income (Expense) (26,358) (13,586) 47,876 (49,103)
Income from Operations Before Equity in Income of Joint Venture and Income Tax Provision 60,778 67,169 291,036 179,498
Equity in Income of Joint Venture 54 387 244 3,800
Income Tax Provision (309) (192) (3,145) (6,171)
Net Income 60,523 67,364 288,135 177,127
Less: Net Income Attributable to the Noncontrolling Interests (39) (79) (123) (3,441)
Net Income Available to Common Stockholders / Unitholders and Participating Securities 60,484 67,285 288,012 173,686
Net Income Allocable to Participating Securities (99) (97) (400) (264)
Net Income Available to Common Stockholders / Unitholders $ 60,385 $ 67,188 $ 287,612 $ 173,422
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders - Basic $ 0.44 $ 0.50 $ 2.12 $ 1.28
Net Income Available to Common Stockholders / Unitholders - Diluted $ 0.44 $ 0.49 $ 2.11 $ 1.28
Weighted Average Shares/Units Outstanding - Basic 135,943 135,479 135,931 135,461
Weighted Average Shares/Units Outstanding - Diluted 136,554 135,920 136,507 135,973