Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 426

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 12
Chunk 426
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ulated Other Comprehensive Income(22,767)(22,767)— (22,767)Net Current Period Other Comprehensive Loss(2,357)(2,357)21 (2,336)Balance as of December 31, 2024$20,485 $20,485 $(549)$19,936 The following table summarizes the reclassifications out of accumulated other comprehensive income (loss) for both the Company and the Operating Partnership for the years ended December 31, 2024, 2023 and 2022:Amounts Reclassified from Accumulated Other Comprehensive (Income) LossAccumulated Other Comprehensive (Income) Loss ComponentsYear Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022Affected Line Items in the Consolidated Statements of OperationsDerivative Instruments:Amortization of Previously Settled Derivative Instruments410 410 410 Interest ExpenseNet Settlement Receipts from our Counterparties(23,177)(21,583)(914)Interest Expense$(22,767)$(21,173)$(504)TotalThe change in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in other comprehensive income and is subsequently reclassified to earnings through interest expense over the life of the derivative or over the life of the debt. In the next 12 months, we expect to amortize approximately $410 into net income by increasing interest expense for derivative instruments we settled in previous periods. Additionally, recurring settlement amounts on the 2021 Swaps, the 2022 Swaps and the 2022 II Swaps (all defined in Note 12) will also be reclassified to net income.

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8. Earnings Per Share and Earnings Per Unit ("EPS"/"EPU")

The computation of basic and diluted EPS of the Company is presented below: Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022Numerator:Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$287,343 $274,584 $358,786 Denominator (In Thousands):Weighted Average Shares - Basic132,369 132,264 132,024 Effect of Dilutive Securities:        Performance Units (See Note 11)47 77 79 Weighted Average Shares - Diluted132,416 132,341 132