Company: FR
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0000921825-25-000039
Chunk: 33

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 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 of Joint Venture(3,477)(1,402)Distributions from the Joint Venture— 753 Gain on Sale of Real Estate(6,844)(30,852)Straight-line Rental Income and Expense, Net(6,063)(4,165)Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (8,974)(19,364)Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits6,204 (703)Net Cash Provided by Operating Activities88,585 62,509 CASH FLOWS FROM INVESTING ACTIVITIES:Acquisitions of Real Estate(161,791)— Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs(60,190)(68,376)Net Proceeds from Sales of Investments in Real Estate11,464 47,787 Contributions to and Investments in the Joint Venture(2,491)(2,614)Other Investing Activity(340)4,172 Net Cash Used in Investing Activities(213,348)(19,031)CASH FLOWS FROM FINANCING ACTIVITIES:Financing Issuance Costs(10,002)— Income Taxes Paid on Vested Equity Compensation(1,315)(2,028)Unit Distributions Paid(50,087)(43,220)Contributions from Noncontrolling Interests6 5 Distributions to Noncontrolling Interests(25)(113)Repayments on Mortgage Loan Payable(86)(82)Proceeds from Unsecured Credit Facility261,000 102,000 Repayments on Unsecured Credit Facility(89,000)(95,000)Net Cash Provided by (Used in) Financing Activities110,491 (38,438)Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash(14,272)5,040 Cash, Cash Equival