Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 629

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 16
Chunk 629
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 Sale of Real Estate111,970 95,650 128,268 Interest Expense(82,973)(74,335)(49,013)Amortization of Debt Issuance Costs(3,646)(3,626)(3,187)Total Other Income (Expense)25,351 17,689 76,068 Income from Operations Before Equity in Income of Joint Venture and Income Tax Provision297,768 262,322 290,033 Equity in Income of Joint Venture4,295 32,207 114,942 Income Tax Provision(6,075)(8,692)(23,363)Net Income295,988 285,837 381,612 Less: Net Income Attributable to the Noncontrolling Interests(8,434)(11,021)(22,478)Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities$287,554 $274,816 $359,134 Net Income Allocable to Participating Securities(211)(232)(348)Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$287,343 $274,584 $358,786 Basic Earnings Per Share:Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$2.17 $2.08 $2.72 Diluted Earnings Per Share:Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$2.17 $2.07 $2.72 Weighted Average Shares Outstanding - Basic132,369 132,264 132,024 Weighted Average Shares Outstanding - Diluted132,416 132,341 132,103 

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

56

FIRST INDUSTRIAL REALTY TRUST, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022 (In thousands)Net Income$295,988 $285,837 $381,612 Mark-to-Market (Loss) Gain on Derivative Instruments(2,767)(11,754)38,107 Amortization of Derivative Instruments410 410 410 Comprehensive Income293,631 274,493 420,129