Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 636

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 16
Chunk 636
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(82,973)(74,335)(49,013)Amortization of Debt Issuance Costs(3,646)(3,626)(3,187)Total Other Income (Expense)25,351 17,689 76,068 Income from Operations Before Equity in Income of Joint Venture and Income Tax Provision297,768 262,322 290,033 Equity in Income of Joint Venture4,295 32,207 114,942 Income Tax Provision(6,075)(8,692)(23,363)Net Income295,988 285,837 381,612 Less: Net Income Attributable to the Noncontrolling Interests(744)(4,136)(14,093)Net Income Available to Unitholders and Participating Securities$295,244 $281,701 $367,519 Net Income Allocable to Participating Securities(574)(551)(877)Net Income Available to Unitholders294,670 281,150 366,642 Basic Earnings Per Unit:Net Income Available to Unitholders$2.18 $2.09 $2.73 Diluted Earnings Per Unit:Net Income Available to Unitholders$2.18 $2.08 $2.72 Weighted Average Units Outstanding - Basic135,092 134,777 134,229 Weighted Average Units Outstanding - Diluted135,426 135,249 134,681 

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

62

FIRST INDUSTRIAL L.P.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022 (In thousands)Net Income$295,988 $285,837 $381,612 Mark-to-Market (Loss) Gain on Derivative Instruments(2,767)(11,754)38,107 Amortization of Derivative Instruments410 410 410 Comprehensive Income 293,631 274,493 420,129 Comprehensive Income Attributable to Noncontrolling Interests(744)(4,136)(14,093)Comprehensive Income Attributable to Unitholders$292,887 $270,357 $406,036 

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