Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 112

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 112
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ewaterhouseCoopers LLP 

Chicago, Illinois

February 13, 2025

We have served as the Operating Partnership's auditor since 1996. 

54

FIRST INDUSTRIAL REALTY TRUST, INC.

CONSOLIDATED BALANCE SHEETS

December 31, 2024December 31, 2023 (In thousands, except share and per  share data)ASSETSAssets:Investment in Real Estate:Land$1,795,136 $1,756,971 Buildings and Improvements3,897,284 3,711,718 Construction in Progress153,972 245,391 Less: Accumulated Depreciation(1,085,708)(1,009,335)Net Investment in Real Estate4,760,684 4,704,745 Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $4,100 and $—4,631 — Operating Lease Right-of-Use Assets19,866 24,211 Cash and Cash Equivalents44,512 43,844 Restricted Cash7,170 — Tenant Accounts Receivable7,312 10,993 Investment in Joint Venture51,180 44,663 Deferred Rent Receivable162,883 144,033 Prepaid Expenses and Other Assets, Net203,188 203,276 Total Assets$5,261,426 $5,175,765 LIABILITIES AND EQUITYLiabilities:Indebtedness:Mortgage Loan Payable$9,643 $9,978 Senior Unsecured Notes, Net995,184 994,463 Unsecured Term Loans, Net922,476 920,863 Unsecured Credit Facility282,000 299,000 Accounts Payable, Accrued Expenses and Other Liabilities132,740 143,429 Operating Lease Liabilities17,608 21,992 Rents Received in Advance and Security Deposits104,558 106,734 Dividends and Distributions Payable51,189 44,201 Total Liabilities2,515,398 2,540,660 Commitments and Contingencies (see Note 14)Equity:First Industrial Realty Trust Inc.'s Equity:Common Stock ($0.01 par value, 225,000,000 shares authorized and