Company: FR
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0000921825-25-000039
Chunk: 34

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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ents and Restricted Cash, Beginning of Year51,682 43,844 Cash, Cash Equivalents and Restricted Cash, End of Period$37,410 $48,884 

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FIRST INDUSTRIAL, L.P.CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)(Unaudited; in thousands)Three Months Ended March 31, 2025Three Months Ended March 31, 2024SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:Interest Expense Capitalized in Connection with Development Activity$2,883 $2,637 Cash Paid for Operating Lease Liabilities$706 $868 Supplemental Schedule of Non-Cash Operating Activities:Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets$— $200 Supplemental Schedule of Non-Cash Investing and Financing Activities:General and Limited Partner Unit Distributions Payable$61,467 $50,695 Exchange of Limited Partner Units for General Partner Units:Limited Partner Units$(27)$(7)General Partner Units27 7 Total$— $— Assumption of Liabilities in Connection with the Acquisition of Real Estate$563 $— Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate$51,225 $34,731 Write-off of Fully Depreciated Assets$(11,365)$(10,940)

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

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FIRST INDUSTRIAL REALTY TRUST, INC. AND FIRST INDUSTRIAL, L.P.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; dollars in thousands, except per share and Unit data)

1. Organization

First Industrial Realty Trust, Inc. (the "Company") is a self-administered and fully integrated real estate company which owns, manages, acquires, sells, develops and redevelops industrial real estate. The Company is a Maryland corporation organized on August 10, 1993 and a real estate investment trust ("REIT") as defined in the Internal Revenue Code of 1986 (the "Code"). Unless stated otherwise or the context otherwise requires, the terms "we," "our" and "us" refer to the Company and its subsidiaries, including its operating partnership, First Industrial, L.P. (the "Operating Partnership"), and its consolidated subsidiaries.We began operations on July 1, 199