Company: FR
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0000921825-25-000039
Chunk: 24

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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Item 1.Financial Statements

FIRST INDUSTRIAL REALTY TRUST, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share 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 Estate4,912,575 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, Net218,114 203,188 Total Assets$5,448,054 $5,261,426 LIABILITIES AND EQUITYLiabilities:Indebtedness:Mortgage Loan Payable$9,557 $9,643 Senior Unsecured Notes, Net995,364 995,184 Unsecured Term Loans, Net921,633 922,476 Unsecured Credit Facility454,000 282,000 Accounts Payable, Accrued Expenses and Other Liabilities143,542 132,740 Operating Lease Liabilities17,255 17,608 Rents Received in Advance and Security Deposits102,014 104,558 Dividends and Distributions Payable61,467 51,189 Total Liabilities2,704,832 2,515,398 Commitments and Contingencies (see Note 12)Equity:First Industrial Realty Trust, Inc.'s Equity:Common Stock ($0.01 par value, 225,000,000 shares authorized and 132,394,716 and 132,349,119 shares issued and outstanding)1,324 1,323 Additional Paid