Company: FR
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0000921825-25-000039
Chunk: 31

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 30,852 Interest Expense(19,469)(20,897)Amortization of Debt Issuance Costs(963)(912)Total Other Income (Expense)(13,588)9,043 Income from Operations Before Equity in Income of Joint Venture and Income Tax Provision55,307 70,275 Equity in Income of Joint Venture3,477 1,402 Income Tax Provision(5,900)(1,179)Net Income52,884 70,498 Less: Net Income Attributable to the Noncontrolling Interests(3,338)(223)Net Income Available to Unitholders and Participating Securities$49,546 $70,275 Net Income Allocable to Participating Securities(84)(130)Net Income Available to Unitholders$49,462 $70,145 Basic Earnings Per Unit:Net Income Available to Unitholders$0.37 $0.52 Diluted Earnings Per Unit:Net Income Available to Unitholders$0.36 $0.52 Weighted Average Units Outstanding - Basic135,440 135,068 Weighted Average Units Outstanding - Diluted136,115 135,387 

The accompanying notes are an integral part of the consolidated financial statements.

10

FIRST INDUSTRIAL, L.P.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited; in thousands)

Three Months Ended March 31, 2025Three Months Ended March 31, 2024Net Income$52,884 $70,498 Mark-to-Market (Loss) Gain on Derivative Instruments(8,011)10,321 Amortization of Derivative Instruments102 102 Comprehensive Income44,975 80,921 Comprehensive Income Attributable to Noncontrolling Interests(3,338)(223)Comprehensive Income Attributable to Unitholders$41,637 $80,698 

The accompanying notes are an integral part of the consolidated financial statements.

11

FIRST INDUSTRIAL, L.P.

CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

(Unaudited; in thousands, except per Unit data)

Three Months Ended March 31, 2025:GeneralPartnerUnitsLimitedPartnerUnitsAccumulatedOtherComprehensiveIncome (Loss)Noncontrolling InterestsTotalBalance as of December 31, 2024$2,