Company: FR
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0000921825-25-000074
Chunk: 36

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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, except Unit data)

June 30, 2025December 31, 2024(Unaudited)ASSETSAssets:Investment in Real Estate:Land$1,830,843 $1,795,136 Buildings and Improvements4,029,755 3,897,284 Construction in Progress234,164 153,972 Less: Accumulated Depreciation(1,143,363)(1,085,708)Net Investment in Real Estate (including $292,215 and $296,588 related to consolidated variable interest entities, see Note 5)4,951,399 4,760,684 Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $— and $4,100— 4,631 Operating Lease Right-of-Use Assets19,311 19,866 Cash and Cash Equivalents34,949 44,512 Restricted Cash— 7,170 Tenant Accounts Receivable7,715 7,312 Investment in Joint Venture60,420 51,180 Deferred Rent Receivable172,682 162,883 Prepaid Expenses and Other Assets, Net214,827 212,417 Total Assets $5,461,303 $5,270,655 LIABILITIES AND PARTNERS' CAPITALLiabilities:Indebtedness:Mortgage Loan Payable$9,471 $9,643 Senior Unsecured Notes, Net1,437,522 995,184 Unsecured Term Loans, Net922,102 922,476 Unsecured Credit Facility24,000 282,000 Accounts Payable, Accrued Expenses and Other Liabilities146,353 132,740 Operating Lease Liabilities17,010 17,608 Rents Received in Advance and Security Deposits99,867 104,558 Distributions Payable61,397 51,189 Total Liabilities2,717,722 2,515,398 Commitments and Contingencies (see Note 12)Partners' Capital:First Industrial, L.P.'s Partners' Capital:General Partner Units (132,405,000 and 132,349,119 units outstanding)2,585,912 2,598,962 Limited Partners Units (4,087,462 and 3,640,860 units outstanding)141,527