Company: FR
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0000921825-25-000074
Chunk: 54

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 our partner's interest in the Joint Venture Partnership that invests in the Joint Venture as a Noncontrolling Interest. Our partner's share of the Joint Venture Partnership's (loss) income was ($7) and $144 for the three months ended June 30, 2025 and 2024, respectively, and $3,298 and $320 for the six months ended June 30, 2025 and 2024, respectively. These amounts are reflected in the Equity in (Loss) Income of Joint Venture and the Noncontrolling Interests line items in the Consolidated Statements of Operations. The Noncontrolling Interests line item in the Consolidated Balance Sheets includes our third-party partner's interest of $7,433 and $6,838 at June 30, 2025 and December 31, 2024, respectively. ATM ProgramOn February 24, 2023, we entered into three-year distribution agreements with certain sales agents to sell up to 16,000,000 shares of the Company's common stock, for up to $800,000 aggregate gross sales proceeds, from time to time through "at-the-market" offerings (the "ATM"). Under the terms of the ATM, sales are to be made through transactions that are deemed to be "at-the-market" offerings, including sales made directly on the New York Stock Exchange, sales made through a market maker other than on an exchange or sales made through privately negotiated transactions. On May 8, 2025, in connection with our filing of a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission and subsequent issuance of the 2031 Notes, we suspended our use of the ATM. We will not make any sales under the ATM unless and until a new prospectus supplement or a new registration statement is filed. During the six months ended June 30, 2025, we did not issue any shares of the Company's common stock under the ATM.

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7. Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in accumulated other comprehensive income (loss) by component for the Company and the Operating Partnership for the six months ended June 30, 2025:Derivative InstrumentsAccumulated Other Comprehensive Income of the Operating PartnershipComprehensive (Loss) Income Attributable to Noncontrolling Interest of the CompanyAccumulated Other Comprehensive Income of the CompanyBalance as of December 31, 2024$20,485 $20,485 $(549)$19,