Company: FR
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0000921825-25-000074
Chunk: 29

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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Item 1.Financial Statements

FIRST INDUSTRIAL REALTY TRUST, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

June 30, 2025December 31, 2024(Unaudited)ASSETSAssets:Investment in Real Estate:Land$1,830,843 $1,795,136 Buildings and Improvements4,029,755 3,897,284 Construction in Progress234,164 153,972 Less: Accumulated Depreciation(1,143,363)(1,085,708)Net Investment in Real Estate4,951,399 4,760,684 Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $— and $4,100— 4,631 Operating Lease Right-of-Use Assets19,311 19,866 Cash and Cash Equivalents34,949 44,512 Restricted Cash— 7,170 Tenant Accounts Receivable7,715 7,312 Investment in Joint Venture60,420 51,180 Deferred Rent Receivable172,682 162,883 Prepaid Expenses and Other Assets, Net205,639 203,188 Total Assets$5,452,115 $5,261,426 LIABILITIES AND EQUITYLiabilities:Indebtedness:Mortgage Loan Payable$9,471 $9,643 Senior Unsecured Notes, Net1,437,522 995,184 Unsecured Term Loans, Net922,102 922,476 Unsecured Credit Facility24,000 282,000 Accounts Payable, Accrued Expenses and Other Liabilities146,353 132,740 Operating Lease Liabilities17,010 17,608 Rents Received in Advance and Security Deposits99,867 104,558 Dividends and Distributions Payable61,397 51,189 Total Liabilities2,717,722 2,515,398 Commitments and Contingencies (see Note 12)Equity:First Industrial Realty Trust, Inc.'s Equity:Common Stock ($0.01 par value, 225,000,000 shares authorized and 132,405,000 and 132,349,119 shares issued and outstanding)1,324 1,323 Additional Paid