Company: FR
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0000921825-25-000039
Chunk: 29

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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LOWS: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:Common Stock Dividends and Unit Distributions Payable$61,467 $50,695 Exchange of Limited Partnership Units for Common Stock:Noncontrolling Interests$(27)$(7)Common Stock— — Additional Paid-in Capital27 7 Total$— $— 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.

8

FIRST INDUSTRIAL, L.P.

CONSOLIDATED BALANCE SHEETS

(In thousands, except Unit data)

March 31, 2025December 31, 2024(Unaudited)ASSETSAssets:Investment in Real Estate:Land$1,830,815 $1,795,136 Buildings and Improvements3,999,050 3,897,284 Construction in Progress199,032 153,972 Less: Accumulated Depreciation(1,116,322)(1,085,708)Net Investment in Real Estate (including $294,347 and $296,588 related to consolidated variable interest entities, see Note 5)4,912,575 4,760,684 Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $505 and $4,100426 4,631 Operating Lease Right-of-Use Assets19,535 19,866 Cash and Cash Equivalents35,738 44,512 Restricted Cash1,672 7,170 Tenant Accounts Receivable8,942 7,312 Investment in Joint Venture82,152 51,180 Deferred Rent Receivable168,900 162,883 Prepaid Expenses and Other Assets, Net227,324 212,417 Total Assets $5,457,264 $5,