Company: FR
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0000921825-25-000074
Chunk: 55

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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936 Other Comprehensive Loss Before Reclassifications(5,533)(5,533)321 (5,212)Amounts Reclassified from Accumulated Other Comprehensive Income(7,368)(7,368)— (7,368)Net Current Period Other Comprehensive Loss(12,901)(12,901)321 (12,580)Balance as of June 30, 2025$7,584 $7,584 $(228)$7,356 The following table summarizes the reclassifications out of accumulated other comprehensive income for both the Company and the Operating Partnership for the three and six months ended June 30, 2025 and 2024:Amounts Reclassified from Accumulated Other Comprehensive (Income) LossDetails about Accumulated Other Comprehensive (Income) Loss ComponentsThree Months Ended June 30, 2025Three Months Ended June 30, 2024Six Months Ended June 30, 2025Six Months Ended June 30, 2024Affected Line Items in the Consolidated Statements of OperationsDerivative Instruments:Amortization of Previously Settled Derivative Instruments$109 $103 $211 $205 Interest ExpenseNet Settlement Receipts from our Counterparties(3,799)(6,136)(7,579)(12,285)Interest ExpenseTotal$(3,690)$(6,033)$(7,368)$(12,080)

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 $460 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 10) 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: Three Months Ended June 30, 2025Three Months Ended June 30, 2024Six Months Ended June 30, 2025Six Months Ended June 30, 2024Numerator:Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$55