Company: FR
Filing Date: 2025-10-17
Form Type: 10-Q
Source: 0000921825-25-000107
Chunk: 86

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-10-17
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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607 1,123 2,182 1,708 Income Tax Provision - Allocable to FFO449 352 763 1,074 Net Income Attributable to the Noncontrolling Interests2,058 2,810 8,533 6,414 Equity in FFO from Joint Venture Attributable to the Noncontrolling Interest(100)(196)(269)(543)Amortization of Debt Issuance Costs1,393 911 3,684 2,735 Depreciation of Corporate FF&E147 183 477 555 Gain on Sale of Real Estate(9,538)(56,814)(17,503)(93,801)Gain on Sale of Real Estate from Joint Venture(163)(88)(3,743)(342)Income Tax (Benefit) Provision - Excluded from FFO(257)2,949 5,408 3,832 General and Administrative8,552 9,230 32,883 30,632 Equity in FFO from Joint Venture, Net of Noncontrolling Interest(731)(1,438)(1,970)(3,984)Net Operating Income$135,055 $122,553 $398,193 $358,099 Non-Same Store Net Operating Income (9,612)(3,247)(23,900)(6,951)Same Store Net Operating Income Before Same Store Adjustments $125,443 $119,306 $374,293 $351,148 Straight-line Rent(2,117)1,525 (6,666)(6,297)Above (Below) Market Lease Amortization(518)(693)(1,605)(2,352)Lease Termination Fees(45)— (154)(172)Same Store Net Operating Income (Cash Basis without Termination Fees) $122,763 $120,138 $365,868 $342,327 

Subsequent Events

We have evaluated subsequent events through the date that the Consolidated Financial Statements were issued, noting none.

46

Item 3.Quantitative and Qualitative Disclosures About Market Risk

Response to this item is included in Item 2, "Management's Discussion and Analysis of Financial Condition and Results of Operations" above.

Item 4.Controls and Procedures

First Industrial Realty Trust, Inc.

The Company's management, including its principal executive officer and principal financial officer, have conducted