Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 679

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 16
Chunk 679
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 Construction in Progress2,810 154,932 Less: Accumulated Depreciation(3,562)— Net Investment in Real Estate219,702 179,093 Cash and Cash Equivalents24,863 30,876 Tenant Accounts Receivable395 — Deferred Rent Receivable2,922 — Leasing Commissions, Net6,121 3,342 Prepaid Expenses and Other Assets166 1,365 Total Assets$254,169 $214,676 LIABILITIES AND MEMBERS' CAPITALLiabilities:Construction Loan, Net$130,842 $94,981 Due to Related Party247 138 Liabilities Related to Sold Properties7,842 15,513 Deferred Gain on Sale784 1,551 Accounts Payable, Accrued Expenses and Other Liabilities22,613 28,755 Rents Received in Advance7,900 1,702 Total Liabilities170,228 142,640 Members' Capital83,941 72,036 Total Liabilities and Members' Capital$254,169 $214,676 

*Not covered by the auditor's report

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

95

DRI FR GLENDALE, LLC

CONSOLIDATED STATEMENTS OF OPERATIONS

Year Ended December 31, 2024*Year Ended December 31, 2023*Year Ended December 31, 2022(In thousands)Revenues:Lease Revenue$12,415 $4,907 $— Total Revenues12,415 4,907 — Expenses:Property Expenses518 — — Related Party Property Management Fees170 64 — General and Administrative450 143 160 Depreciation and Other Amortization3,998 — — Total Expenses5,136 207 160 Other Income (Expense):Gain on Sale of Real Estate2,545 40,616 171,671 Interest Income1,303 1,348 — Interest Expense(4,702)— — Amortization of Debt Issuance Costs(202)— — Total Other Income (Expense)(1,056)41,964 171,671 Net Income$6,223 $46,664 $171,511 

*Not covered by the auditor's report

The accompanying notes