Company: FR
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0000921825-25-000074
Chunk: 37

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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127,870 Accumulated Other Comprehensive Income7,584 20,485 Total First Industrial, L.P.'s Partners' Capital2,735,023 2,747,317 Noncontrolling Interests8,558 7,940 Total Partners' Capital2,743,581 2,755,257 Total Liabilities and Partners' Capital$5,461,303 $5,270,655 

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

9

FIRST INDUSTRIAL, L.P.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited; in thousands, except per Unit data)

Three Months Ended June 30, 2025Three Months Ended June 30, 2024Six Months Ended June 30, 2025Six Months Ended June 30, 2024Revenues:Lease Revenue$177,468 $162,075 $352,844 $321,810 Joint Venture Fees306 604 732 1,273 Other Revenue2,389 1,457 3,661 3,325 Total Revenues180,163 164,136 357,237 326,408 Expenses:Property Expenses45,454 43,051 93,765 90,065 General and Administrative8,434 9,621 24,331 21,402 Joint Venture Development Services Expense117 371 334 797 Depreciation and Other Amortization47,207 43,048 90,961 84,867 Total Expenses101,212 96,091 209,391 197,131 Other Income (Expense):Gain on Sale of Real Estate1,121 6,135 7,965 36,987 Interest Expense(21,722)(21,126)(41,191)(42,023)Amortization of Debt Issuance Costs(1,328)(912)(2,291)(1,824)Total Other Income (Expense)(21,929)(15,903)(35,517)(6,860)Income from Operations Before Equity in (Loss) Income of Joint Venture and Income Tax Provision57,022 52,142 112,329 122,417 Equity in (Loss) Income of Joint Venture(64)1,160 3,413 2,562 Income Tax Provision(79)(426)(5,979)(1,