Company: FR
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0000921825-25-000039
Chunk: 32

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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598,962 $127,870 $20,485 $7,940 $2,755,257 Net Income48,071 1,475 — 3,338 52,884 Other Comprehensive Loss— — (7,909)— (7,909)Stock Based Compensation Activity592 12,481 — — 13,073 Unit Distributions ($0.445 Per Unit)(59,035)(1,819)— — (60,854)Conversion of Limited Partner Units to General Partner Units27 (27)— — — Contributions from Noncontrolling Interests— — — 6 6 Distributions to Noncontrolling Interests— — — (25)(25)Balance as of March 31, 2025$2,588,617 $139,980 $12,576 $11,259 $2,752,432 

Three Months Ended March 31, 2024:GeneralPartnerUnitsLimitedPartnerUnitsAccumulatedOtherComprehensiveIncomeNoncontrolling InterestsTotalBalance as of December 31, 2023$2,505,150 $109,003 $22,842 $7,393 $2,644,388 Net Income68,404 1,871 — 223 70,498 Other Comprehensive Income— — 10,423 — 10,423 Stock Based Compensation Activity(329)8,003 — — 7,674 Unit Distributions ($0.370 Per Unit)(49,049)(1,260)— — (50,309)Conversion of Limited Partner Units to General Partner Units7 (7)— — — Retirement of Limited Partner Units— (25)— — (25)Contributions from Noncontrolling Interests— — — 5 5 Distributions to Noncontrolling Interests— — — (113)(113)Balance as of March 31, 2024$2,524,183 $117,585 $33,265 $7,508 $2,682,541 

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

12

FIRST INDUSTRIAL, L.P.CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited; in thousands)Three Months Ended March