Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 513

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 13
Chunk 513
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 FLOWS (Continued)Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022 (In thousands)SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:Interest Paid, Net of Interest Expense Capitalized$82,871 $72,881 $46,445 Interest Expense Capitalized in Connection with Development Activity and Joint VentureInvestment$8,283 $13,791 $16,298 Income Taxes Paid $5,299 $27,754 $3,760 Cash Paid for Operating Lease Liabilities$3,539 $3,348 $3,444 Supplemental Schedule of Non-Cash Operating Activities:Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets$658 $941 $949 Supplemental Schedule of Non-Cash Investing and Financing Activities:Common Stock Dividends and Unit Distributions Payable$51,189 $44,201 $41,259 Exchange of Limited Partnership Units for Common Stock:Noncontrolling Interests$(67)$(1,332)$(2,444)Common Stock— — 1 Additional Paid-in Capital67 1,332 2,443 Total$— $— $— Assumption of Liabilities in Connection with the Acquisition of Real Estate$682 $528 $2,115 Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate$46,257 $55,876 $86,456 Improvements Funded by Tenant$1,069 $3,878 $610 Write-off of Fully Depreciated Assets$(33,909)$(33,529)$(35,716)

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

60

 FIRST INDUSTRIAL, L.P.

CONSOLIDATED BALANCE SHEETS

December 31, 2024December 31, 2023 (In thousands, except Unit data)ASSETSAssets:Investment in Real Estate:Land$1,795,136 $1,756,971 Buildings and Improvements3,897,284 3,711,718 Construction in Progress153,972 245,391 Less: Accumulated Depreciation(1,085,708)(1,009,335)Net Investment in Real Estate (