Company: FR
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0000921825-25-000039
Chunk: 46

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 the terms of the ATM, sales are to be made through transactions that are deemed to be "at-the-market" offerings, including sales made directly on the New York Stock Exchange, sales made through a market maker other than on an exchange or sales made through privately negotiated transactions. During the three months ended March 31, 2025, we did not issue any shares of the Company's common stock under the ATM.

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7. Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in accumulated other comprehensive income (loss) by component for the Company and the Operating Partnership for the three months ended March 31, 2025:Derivative InstrumentsAccumulated Other Comprehensive Income of the Operating PartnershipComprehensive (Loss) Income Attributable to Noncontrolling Interest of the CompanyAccumulated Other Comprehensive Income of the CompanyBalance as of December 31, 2024$20,485 $20,485 $(549)$19,936 Other Comprehensive Loss Before Reclassifications(4,231)(4,231)172 (4,059)Amounts Reclassified from Accumulated Other Comprehensive Income(3,678)(3,678)— (3,678)Net Current Period Other Comprehensive Loss(7,909)(7,909)172 (7,737)Balance as of March 31, 2025$12,576 $12,576 $(377)$12,199 The following table summarizes the reclassifications out of accumulated other comprehensive income for both the Company and the Operating Partnership for the three months ended March 31, 2025 and 2024:Amounts Reclassified from Accumulated Other Comprehensive (Income) LossDetails about Accumulated Other Comprehensive (Income) Loss ComponentsThree Months Ended March 31, 2025Three Months Ended March 31, 2024Affected Line Items in the Consolidated Statements of OperationsDerivative Instruments:Amortization of Previously Settled Derivative Instruments$102 $102 Interest ExpenseNet Settlement Receipts from our Counterparties(3,780)(6,149)Interest ExpenseTotal$(3,678)$(6,047)

The 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