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

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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-in Capital2,429,120 2,425,253 Retained Earnings 208,434 219,095 Accumulated Other Comprehensive Income12,199 19,936 Total First Industrial Realty Trust, Inc.'s Equity2,651,077 2,665,607 Noncontrolling Interests92,145 80,421 Total Equity2,743,222 2,746,028 Total Liabilities and Equity$5,448,054 $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 March 31, 2025Three Months Ended March 31, 2024Revenues:Lease Revenue$175,376 $159,735 Joint Venture Fees426 669 Other Revenue1,272 1,868 Total Revenues177,074 162,272 Expenses:Property Expenses48,311 47,014 General and Administrative15,897 11,781 Joint Venture Development Services Expense217 426 Depreciation and Other Amortization43,754 41,819 Total Expenses108,179 101,040 Other Income (Expense):Gain on Sale of Real Estate6,844 30,852 Interest Expense(19,469)(20,897)Amortization of Debt Issuance Costs(963)(912)Total Other Income (Expense)(13,588)9,043 Income from Operations Before Equity in Income of Joint Venture and Income Tax Provision55,307 70,275 Equity in Income of Joint Venture3,477 1,402 Income Tax Provision(5,900)(1,179)Net Income52,884 70,498 Less: Net Income Attributable to the Noncontrolling Interests(4,781)(2,046)Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities$48,103 $68,452 Net Income Allocable to Participating Securities(36)(45)Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$48,067 $68,407 Basic and Diluted Earnings Per Share:Net Income Available to First Industrial Realty Trust, Inc.'s Common Stock