Company: FR
Filing Date: 2025-10-17
Form Type: 10-Q
Source: 0000921825-25-000107
Chunk: 30

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-10-17
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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Additional Paid-in Capital2,433,808 2,425,253 Retained Earnings 210,966 219,095 Accumulated Other Comprehensive Income5,255 19,936 Total First Industrial Realty Trust, Inc.'s Equity2,651,353 2,665,607 Noncontrolling Interests89,435 80,421 Total Equity2,740,788 2,746,028 Total Liabilities and Equity$5,507,547 $5,261,426 

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

3

FIRST INDUSTRIAL REALTY TRUST, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited; in thousands, except per share data)

Three Months Ended September 30, 2025Three Months Ended September 30, 2024Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024Revenues:Lease Revenue$179,424 $165,909 $532,268 $487,719 Joint Venture Fees388 413 1,120 1,686 Other Revenue1,618 1,323 5,279 4,648 Total Revenues181,430 167,645 538,667 494,053 Expenses:Property Expenses46,185 44,884 139,950 134,949 General and Administrative8,552 9,230 32,883 30,632 Joint Venture Development Services Expense190 208 524 1,005 Depreciation and Other Amortization45,748 43,515 136,709 128,382 Total Expenses100,675 97,837 310,066 294,968 Other Income (Expense):Gain on Sale of Real Estate9,538 56,814 17,503 93,801 Interest Expense(21,731)(20,836)(62,922)(62,859)Amortization of Debt Issuance Costs(1,393)(911)(3,684)(2,735)Total Other Income (Expense)(13,586)35,067 (49,103)28,207 Income from Operations Before Equity in Income of Joint Venture and Income Tax Provision67,169 104,875 179,498 227,292 Equity in Income of Joint Venture387 599 3,800