Company: FR
Filing Date: 2025-10-17
Form Type: 10-Q
Source: 0000921825-25-000107
Chunk: 42

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-10-17
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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102,173 Other Comprehensive Loss— — (22,628)— (22,628)Stock Based Compensation Activity906 2,641 — — 3,547 Unit Distributions ($0.370 Per Unit)(49,063)(1,339)— — (50,402)Conversion of Limited Partner Units to General Partner Units55 (55)— — — Retirement of Limited Partner Units— (79)— — (79)Contributions from Noncontrolling Interests— — — 17 17 Distributions to Noncontrolling Interests— — — (30)(30)Balance as of September 30, 2024$2,578,826 $124,596 $9,899 $7,715 $2,721,036 

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

14

FIRST INDUSTRIAL, L.P.CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited; in thousands)Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024CASH FLOWS FROM OPERATING ACTIVITIES:Net Income$177,127 $225,547 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:Depreciation110,137 104,077 Amortization of Debt Issuance Costs3,684 2,735 Other Amortization, Including Equity Based Compensation36,709 27,404 Equity in Income of Joint Venture(3,800)(3,161)Distributions from the Joint Venture23,068 2,236 Gain on Sale of Real Estate(17,503)(93,801)Payments to Settle Derivative Instruments(250)— Straight-line Rental Income and Expense, Net(11,111)(12,151)Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (11,173)(4,976)Increase in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits32,395 27,835 Net Cash Provided by Operating Activities339,283 275,745 CASH FLOWS FROM INVESTING ACTIVITIES:Acquisitions of Real Estate(172,585)(44,384)Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and