Company: FR
Filing Date: 2025-10-17
Form Type: 10-Q
Source: 0000921825-25-000107
Chunk: 35

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-10-17
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 the consolidated financial statements.

7

FIRST INDUSTRIAL REALTY TRUST, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited; in thousands)Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024CASH FLOWS FROM OPERATING ACTIVITIES:Net Income$177,127 $225,547 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:Depreciation110,137 104,077 Amortization of Debt Issuance Costs3,684 2,735 Other Amortization, Including Equity Based Compensation36,709 27,404 Equity in Income of Joint Venture(3,800)(3,161)Distributions from the Joint Venture23,068 2,236 Gain on Sale of Real Estate(17,503)(93,801)Payments to Settle Derivative Instruments(250)— Straight-line Rental Income and Expense, Net(11,111)(12,151)Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (11,228)(5,013)Increase in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 32,395 27,835 Net Cash Provided by Operating Activities339,228 275,708 CASH FLOWS FROM INVESTING ACTIVITIES:Acquisitions of Real Estate(172,585)(44,384)Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs(210,367)(159,040)Net Proceeds from Sales of Investments in Real Estate25,329 135,544 Contributions to and Investments in Joint Venture(4,367)(3,942)Other Investing Activity1,046 4,317 Net Cash Used in Investing Activities(360,944)(67,505)CASH FLOWS FROM FINANCING ACTIVITIES:Financing Issuance Costs(12,508)— Income Taxes Paid on Vested Equity Compensation(1,615)(2,070)Common Stock Dividends and Unit Distributions Paid(170,842)(143,395)Repayments on Mortgage Loan Payable(260)(250)Proceeds from the Issuance of Senior Unsecured Notes, Net of Underwriter's Discount443,768 — Proceeds from Unsecured Credit Facility482,000 236,