Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 271

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 11
Chunk 271
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)— (4,905)(201,065)Conversion of Limited Partner Units to Common Stock— 67 — — (67)— Retirement of Limited Partner Units— — — — (108)(108)Distributions to Noncontrolling Interests— — — — (143)(143)Reallocation—Additional Paid-in Capital— 10,948 — — (10,948)— Reallocation—Other Comprehensive Income— — — (42)42 — Balance as of December 31, 2024$1,323 $2,425,253 $219,095 $19,936 $80,421 $2,746,028 

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

58

FIRST INDUSTRIAL REALTY TRUST, INC.CONSOLIDATED STATEMENTS OF CASH FLOWSYear Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022 (In thousands)CASH FLOWS FROM OPERATING ACTIVITIES:Net Income$295,988 $285,837 $381,612 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:Depreciation139,202 130,427 119,477 Amortization of Debt Issuance Costs3,646 3,626 3,187 Other Amortization, Including Equity Based Compensation37,091 34,088 32,845 Equity in Income of Joint Ventures(4,295)(32,207)(114,942)Distributions from Joint Ventures2,945 7,400 118,034 Gain on Sale of Real Estate(111,970)(95,650)(128,268)Gain on Involuntary Conversion— — (1,495)Straight-line Rental Income and Expense, Net(20,801)(21,925)(25,962)Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net(710)(2,363)(4,852)Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits11,392 (4,418)31,307 Net Cash Provided by Operating Activities352,488 304,815 410,943 CASH FLOWS FROM