Company: FR
Filing Date: 2025-10-17
Form Type: 10-Q
Source: 0000921825-25-000107
Chunk: 29

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-10-17
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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Item 1.Financial Statements

FIRST INDUSTRIAL REALTY TRUST, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

September 30, 2025December 31, 2024(Unaudited)ASSETSAssets:Investment in Real Estate:Land$1,839,302 $1,795,136 Buildings and Improvements4,122,894 3,897,284 Construction in Progress207,020 153,972 Less: Accumulated Depreciation(1,169,655)(1,085,708)Net Investment in Real Estate4,999,561 4,760,684 Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $— and $4,100— 4,631 Operating Lease Right-of-Use Assets19,905 19,866 Cash and Cash Equivalents33,506 44,512 Restricted Cash3,300 7,170 Tenant Accounts Receivable8,476 7,312 Investment in Joint Venture61,209 51,180 Deferred Rent Receivable176,060 162,883 Prepaid Expenses and Other Assets, Net205,530 203,188 Total Assets$5,507,547 $5,261,426 LIABILITIES AND EQUITYLiabilities:Indebtedness:Mortgage Loan Payable$9,383 $9,643 Senior Unsecured Notes, Net1,438,065 995,184 Unsecured Term Loans, Net922,153 922,476 Unsecured Credit Facility33,000 282,000 Accounts Payable, Accrued Expenses and Other Liabilities181,311 132,740 Operating Lease Liabilities19,751 17,608 Rents Received in Advance and Security Deposits101,514 104,558 Dividends and Distributions Payable61,582 51,189 Total Liabilities2,766,759 2,515,398 Commitments and Contingencies (see Note 12)Equity:First Industrial Realty Trust, Inc.'s Equity:Common Stock ($0.01 par value, 225,000,000 shares authorized and 132,422,260 and 132,349,119 shares issued and outstanding)1,324 1,323