Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 439

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 12
Chunk 439
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31, 2024*Year Ended December 31, 2023*Year Ended December 31, 2022(In thousands)Revenues:Lease Revenue$12,415 $4,907 $— Total Revenues12,415 4,907 — Expenses:Property Expenses518 — — Related Party Property Management Fees170 64 — General and Administrative450 143 160 Depreciation and Other Amortization3,998 — — Total Expenses5,136 207 160 Other Income (Expense):Gain on Sale of Real Estate2,545 40,616 171,671 Interest Income1,303 1,348 — Interest Expense(4,702)— — Amortization of Debt Issuance Costs(202)— — Total Other Income (Expense)(1,056)41,964 171,671 Net Income$6,223 $46,664 $171,511 

*Not covered by the auditor's report

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

96

DRI FR GLENDALE, LLC

CONSOLIDATED STATEMENTS OF CHANGES IN MEMBERS' CAPITAL

FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

Diamond Camelback, LLCFR Merit Glendale, LLCTotal(In thousands)Balance at December 31, 2021$37,558 $36,085 $73,643 Cash Contributions5,033 4,835 9,868 Cash Distributions(92,360)(147,390)(239,750)Net Income87,471 84,040 171,511 Incentive Fee Allocation(31,308)31,308 — Balance at December 31, 2022$6,394 $8,878 $15,272 Cash Contributions*12,853 12,350 25,203 Cash Distributions*(7,703)(7,400)(15,103)Net Income*23,799 22,865 46,664 Incentive Fee Allocation*(9,369)9,369 — Balance at December 31, 2023*$25,974 $46,062 $72,036 Cash Contributions*5,963 5,729 11,692 Cash D