Company: FR
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0000921825-25-000074
Chunk: 40

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 10,423 Stock Based Compensation Activity(329)8,003 — — 7,674 Unit Distributions ($0.370 Per Unit)(49,049)(1,260)— — (50,309)Conversion of Limited Partner Units to General Partner Units7 (7)— — — Retirement of Limited Partner Units— (25)— — (25)Contributions from Noncontrolling Interests— — — 5 5 Distributions to Noncontrolling Interests— — — (113)(113)Balance as of March 31, 2024$2,524,183 $117,585 $33,265 $7,508 $2,682,541 Net Income51,291 1,414 — 171 52,876 Other Comprehensive Loss— — (738)— (738)Stock Based Compensation Activity1,131 2,735 — — 3,866 Unit Distributions ($0.370 Per Unit)(49,009)(1,039)— — (50,048)Contributions from Noncontrolling Interests— — — 9 9 Distributions to Noncontrolling Interests— — — (68)(68)Balance as of June 30, 2024$2,527,596 $120,695 $32,527 $7,620 $2,688,438 

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

12

FIRST INDUSTRIAL, L.P.CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited; in thousands)Six Months Ended June 30, 2025Six Months Ended June 30, 2024CASH FLOWS FROM OPERATING ACTIVITIES:Net Income$109,763 $123,374 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:Depreciation73,218 68,596 Amortization of Debt Issuance Costs2,291 1,824 Other Amortization, Including Equity Based Compensation27,945 22,538 Equity in Income of Joint Venture(3,413)(2,562)Distributions from the Joint Venture23,068 1,499 Gain on Sale of Real Estate(7,965)(36,987)Payments to Set