Company: FR
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0000921825-25-000039
Chunk: 27

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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, 2025$1,324 $2,429,120 $208,434 $12,199 $92,145 $2,743,222 

Three Months Ended March 31, 2024:CommonStockAdditionalPaid-inCapitalRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)NoncontrollingInterestsTotalBalance as of December 31, 2023$1,323 $2,411,673 $127,707 $22,272 $72,130 $2,635,105 Net Income— — 68,452 — 2,046 70,498 Other Comprehensive Income— — — 10,146 277 10,423 Stock Based Compensation Activity— (323)(6)— 8,003 7,674 Common Stock Dividends and Unit Distributions ($0.370 Per Share/Unit)— — (49,049)— (1,260)(50,309)Conversion of Limited Partner Units to Common Stock— 7 — — (7)— Retirement of Limited Partner Units— — — — (25)(25)Distributions to Noncontrolling Interests— — — — (98)(98)Reallocation - Additional Paid-in Capital— 3,007 — — (3,007)— Reallocation - Other Comprehensive Income— — — (44)44 — Balance as of March 31, 2024$1,323 $2,414,364 $147,104 $32,374 $78,103 $2,673,268 

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

6

FIRST INDUSTRIAL REALTY TRUST, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited; in thousands)Three Months Ended March 31, 2025Three Months Ended March 31, 2024CASH FLOWS FROM OPERATING ACTIVITIES:Net Income$52,884 $70,498 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:Depreciation35,345 33,962 Amortization of Debt Issuance Costs963 912 Other Amortization, Including Equity Based Compensation18,547 12,870 Equity in Income