Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 24

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 24
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 — — (81)81 — Balance as of December 31, 2023$1,323 $2,411,673 $127,707 $22,272 $72,130 $2,635,105 Net Income— — 287,554 — 8,434 295,988 Other Comprehensive Loss— — — (2,294)(63)(2,357)Stock Based Compensation Activity— 2,565 (6)— 16,049 18,608 Common Stock Dividends and Unit Distributions ($1.48 Per Share/Unit)— — (196,160)— (4,905)(201,065)Conversion of Limited Partner Units to Common Stock— 67 — — (67)— Retirement of Limited Partner Units— — — — (108)(108)Distributions to Noncontrolling Interests— — — — (143)(143)Reallocation—Additional Paid-in Capital— 10,948 — — (10,948)— Reallocation—Other Comprehensive Income— — — (42)42 — Balance as of December 31, 2024$1,323 $2,425,253 $219,095 $19,936 $80,421 $2,746,028 

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

58

FIRST INDUSTRIAL REALTY TRUST, INC.CONSOLIDATED STATEMENTS OF CASH FLOWSYear Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022 (In thousands)CASH FLOWS FROM OPERATING ACTIVITIES:Net Income$295,988 $285,837 $381,612 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:Depreciation139,202 130,427 119,477 Amortization of Debt Issuance Costs3,646 3,626 3,187 Other Amortization, Including Equity Based Compensation37,091 34,088 32,845 Equity in Income of Joint Ventures(4,295)(32,207)(114,942)Distributions from Joint Ventures2,945 7,400 118,034 Gain on Sale