Company: FR
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0000921825-25-000039
Chunk: 26

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 26
---
holders$0.36 $0.52 Weighted Average Shares Outstanding - Basic132,415 132,360 Weighted Average Shares Outstanding - Diluted132,493 132,406 

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

4

FIRST INDUSTRIAL REALTY TRUST, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited; in thousands)

Three Months Ended March 31, 2025Three Months Ended March 31, 2024Net Income$52,884 $70,498 Mark-to-Market (Loss) Gain on Derivative Instruments(8,011)10,321 Amortization of Derivative Instruments102 102 Comprehensive Income44,975 80,921 Comprehensive Income Attributable to Noncontrolling Interests(4,546)(2,323)Comprehensive Income Attributable to First Industrial Realty Trust, Inc.$40,429 $78,598 

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

5

FIRST INDUSTRIAL REALTY TRUST, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(Unaudited; in thousands, except per share data)

Three Months Ended March 31, 2025:CommonStockAdditionalPaid-inCapitalRetained EarningsAccumulatedOtherComprehensive Income (Loss)NoncontrollingInterestsTotalBalance as of December 31, 2024$1,323 $2,425,253 $219,095 $19,936 $80,421 $2,746,028 Net Income— — 48,103 — 4,781 52,884 Other Comprehensive Loss— — — (7,674)(235)(7,909)Stock Based Compensation Activity1 320 271 — 12,481 13,073 Common Stock Dividends and Unit Distributions ($0.445 Per Share/Unit)— — (59,035)— (1,819)(60,854)Conversion of Limited Partner Units to Common Stock— 27 — — (27)— Reallocation - Additional Paid-in Capital— 3,520 — — (3,520)— Reallocation - Other Comprehensive Income— — — (63)63 — Balance as of March 31