Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 277

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 11
Chunk 277
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186 $14,778 $2,539,580 Net Income274,628 7,073 — 4,136 285,837 Other Comprehensive Loss— — (11,344)— (11,344)Stock Based Compensation Activity3,117 11,992 — — 15,109 Unit Distributions ($1.28 Per Unit)(169,528)(3,727)— — (173,255)Conversion of Limited Partner Units to General Partner Units1,332 (1,332)— — — Retirement of Limited Partner Units— (18)— — (18)Contributions from Noncontrolling Interests— — — 30 30 Distributions to Noncontrolling Interests— — — (11,551)(11,551)Balance as of December 31, 2023$2,505,150 $109,003 $22,842 $7,393 $2,644,388 Net Income287,346 7,898 — 744 295,988 Other Comprehensive Loss— — (2,357)— (2,357)Stock Based Compensation Activity2,559 16,049 — — 18,608 Unit Distributions ($1.48 Per Unit)(196,160)(4,905)— — (201,065)Conversion of Limited Partner Units to General Partner Units67 (67)— — — Retirement of Limited Partner Units— (108)— — (108)Contributions from Noncontrolling Interests— — — 42 42 Distributions to Noncontrolling Interests— — — (239)(239)Balance as of December 31, 2024$2,598,962 $127,870 $20,485 $7,940 $2,755,257 

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

64

FIRST INDUSTRIAL, L.P.CONSOLIDATED STATEMENTS OF CASH FLOWSYear Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022 (In thousands)CASH FLOWS FROM OPERATING ACTIVITIES:Net Income$295,988 $285,837 $381,612 Adjustments to Re