Company: FR
Filing Date: 2025-10-17
Form Type: 10-Q
Source: 0000921825-25-000107
Chunk: 23

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-10-17
Form: 10-Q
Item: Part I, Item 2
Chunk 23
---
393 911 3,684 2,735 Depreciation of Corporate FF&E147 183 477 555 Gain on Sale of Real Estate(9,538)(56,814)(17,503)(93,801)Gain on Sale of Real Estate from Joint Venture(163)(88)(3,743)(342)Income Tax (Benefit) Provision - Excluded from FFO(257)2,949 5,408 3,832 General and Administrative8,552 9,230 32,883 30,632 Equity in FFO from Joint Venture, Net of Noncontrolling Interest(731)(1,438)(1,970)(3,984)Net Operating Income$135,055 $122,553 $398,193 $358,099 Non-Same Store Net Operating Income (9,612)(3,247)(23,900)(6,951)Same Store Net Operating Income Before Same Store Adjustments $125,443 $119,306 $374,293 $351,148 Straight-line Rent(2,117)1,525 (6,666)(6,297)Above (Below) Market Lease Amortization(518)(693)(1,605)(2,352)Lease Termination Fees(45)— (154)(172)Same Store Net Operating Income (Cash Basis without Termination Fees) $122,763 $120,138 $365,868 $342,327 

Subsequent Events

We have evaluated subsequent events through the date that the Consolidated Financial Statements were issued, noting none.

46

Item 3.Quantitative and Qualitative Disclosures About Market Risk

Response to this item is included in Item 2, "Management's Discussion and Analysis of Financial Condition and Results of Operations" above.

Item 4.Controls and Procedures

First Industrial Realty Trust, Inc.

The Company's management, including its principal executive officer and principal financial officer, have conducted an evaluation of the effectiveness of the Company's disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this report. Based on the evaluation of these controls and procedures required by Exchange Act Rules 13a-15(b) or 15d-15(b), the Company's principal executive officer and principal financial officer have concluded that as of the end of such period the Company