Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 396

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 12
Chunk 396
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,229 Weighted Average Units Outstanding - Diluted135,426 135,249 134,681 

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

62

FIRST INDUSTRIAL L.P.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022 (In thousands)Net Income$295,988 $285,837 $381,612 Mark-to-Market (Loss) Gain on Derivative Instruments(2,767)(11,754)38,107 Amortization of Derivative Instruments410 410 410 Comprehensive Income 293,631 274,493 420,129 Comprehensive Income Attributable to Noncontrolling Interests(744)(4,136)(14,093)Comprehensive Income Attributable to Unitholders$292,887 $270,357 $406,036 

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

63

FIRST INDUSTRIAL, L.P.

CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

GeneralPartnerUnitsLimitedPartnerUnitsAccumulatedOtherComprehensive(Loss) IncomeNoncontrolling InterestsTotal Balance as of December 31, 2021$2,175,549 $81,435 $(4,331)$4,954 $2,257,607 Net Income 359,045 8,474 — 14,093 381,612 Other Comprehensive Income— — 38,517 — 38,517 Contribution of General Partner Units, Net of Issuance Costs12,746 — — — 12,746 Stock Based Compensation Activity2,044 11,299 — — 13,343 Unit Distributions ($1.18 Per Unit)(156,227)(3,749)— — (159,976)Conversion of Limited Partner Units to General Partner Units2,444 (2,444)— — — Contributions from Noncontrolling Interests— — — 242 242 Distributions to Noncontrolling Interests— — — (4,511)(4,511)Balance as of December 31, 2022$2,395,601 $95,015 $34,