Company: FR
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0000921825-25-000039
Chunk: 30

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 30
---
270,655 LIABILITIES AND PARTNERS' CAPITALLiabilities:Indebtedness:Mortgage Loan Payable$9,557 $9,643 Senior Unsecured Notes, Net995,364 995,184 Unsecured Term Loans, Net921,633 922,476 Unsecured Credit Facility454,000 282,000 Accounts Payable, Accrued Expenses and Other Liabilities143,542 132,740 Operating Lease Liabilities17,255 17,608 Rents Received in Advance and Security Deposits102,014 104,558 Distributions Payable61,467 51,189 Total Liabilities2,704,832 2,515,398 Commitments and Contingencies (see Note 12)Partners' Capital:First Industrial, L.P.'s Partners' Capital:General Partner Units (132,394,716 and 132,349,119 units outstanding)2,588,617 2,598,962 Limited Partners Units (4,081,021 and 3,640,860 units outstanding)139,980 127,870 Accumulated Other Comprehensive Income12,576 20,485 Total First Industrial, L.P.'s Partners' Capital2,741,173 2,747,317 Noncontrolling Interests11,259 7,940 Total Partners' Capital2,752,432 2,755,257 Total Liabilities and Partners' Capital$5,457,264 $5,270,655 

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

9

FIRST INDUSTRIAL, L.P.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited; in thousands, except per Unit data)

Three Months Ended March 31, 2025Three Months Ended March 31, 2024Revenues:Lease Revenue$175,376 $159,735 Joint Venture Fees426 669 Other Revenue1,272 1,868 Total Revenues177,074 162,272 Expenses:Property Expenses48,311 47,014 General and Administrative15,897 11,781 Joint Venture Development Services Expense217 426 Depreciation and Other Amortization43,754 41,819 Total Expenses108,179 101,040 Other Income (Expense):Gain on Sale of Real Estate6,844