Company: FR
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0000921825-25-000074
Chunk: 34

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 34
---
 Comprehensive Income— — — (1)1 — Balance as of June 30, 2024$1,323 $2,418,232 $149,413 $31,653 $78,558 $2,679,179 

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

6

FIRST INDUSTRIAL REALTY TRUST, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited; in thousands)Six Months Ended June 30, 2025Six Months Ended June 30, 2024CASH FLOWS FROM OPERATING ACTIVITIES:Net Income$109,763 $123,374 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:Depreciation73,218 68,596 Amortization of Debt Issuance Costs2,291 1,824 Other Amortization, Including Equity Based Compensation27,945 22,538 Equity in Income of Joint Venture(3,413)(2,562)Distributions from the Joint Venture23,068 1,499 Gain on Sale of Real Estate(7,965)(36,987)Payments to Settle Derivative Instruments(250)— Straight-line Rental Income and Expense, Net(9,866)(9,222)Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (5,491)(4,064)Increase in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 5,320 5,238 Net Cash Provided by Operating Activities214,620 170,234 CASH FLOWS FROM INVESTING ACTIVITIES:Acquisitions of Real Estate(161,791)(15,812)Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs(136,995)(111,481)Net Proceeds from Sales of Investments in Real Estate13,011 55,365 Contributions to and Investments in Joint Venture(3,928)(3,277)Other Investing Activity(345)3,326 Net Cash Used in Investing Activities(290,048)(71,879)CASH FLOWS FROM FINANCING ACTIVITIES:Financing Issuance Costs(12,379)— Income Taxes Paid on Vested Equity Compensation(1,357)(2,037)Common Stock