v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Investment in Real Estate:    
Land $ 1,859,707 $ 1,872,086
Buildings and Improvements 4,317,424 4,274,540
Construction in Progress 207,411 221,052
Less: Accumulated Depreciation (1,223,450) (1,191,767)
Net Investment in Real Estate 5,161,092 5,175,911
Operating Lease Right-of-Use Assets 19,342 19,589
Cash and Cash Equivalents 37,147 78,032
Tenant Accounts Receivable 13,102 11,857
Investment in Joint Venture 5,769 5,661
Deferred Rent Receivable 183,625 181,088
Prepaid Expenses and Other Assets, Net 352,293 215,943
Total Assets 5,772,370 5,688,081
Indebtedness:    
Mortgage Loan Payable 9,205 9,295
Senior Unsecured Notes, Net 1,439,129 1,438,607
Unsecured Term Loans, Net 992,792 922,494
Unsecured Credit Facility 124,000 183,000
Accounts Payable, Accrued Expenses and Other Liabilities 154,674 178,884
Operating Lease Liabilities 19,239 19,450
Rents Received in Advance and Security Deposits 112,683 114,765
Dividends and Distributions Payable 69,349 62,656
Total Liabilities 2,921,071 2,929,151
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:    
Common Stock ($0.01 par value, 225,000,000 shares authorized and 132,570,424 and 132,470,326 shares issued and outstanding) 1,326 1,325
Additional Paid-in Capital 2,442,693 2,436,238
Retained Earnings 306,731 230,668
Accumulated Other Comprehensive Income 7,050 3,159
Total First Industrial Realty Trust, Inc.'s Equity 2,757,800 2,671,390
Noncontrolling Interests 93,499 87,540
Total Equity 2,851,299 2,758,930
Total Liabilities and Equity/Partners' Capital 5,772,370 5,688,081
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,859,707 1,872,086
Buildings and Improvements 4,317,424 4,274,540
Construction in Progress 207,411 221,052
Less: Accumulated Depreciation (1,223,450) (1,191,767)
Net Investment in Real Estate 5,161,092 5,175,911
Operating Lease Right-of-Use Assets 19,342 19,589
Cash and Cash Equivalents 37,147 78,032
Tenant Accounts Receivable 13,102 11,857
Investment in Joint Venture 5,769 5,661
Deferred Rent Receivable 183,625 181,088
Prepaid Expenses and Other Assets, Net 361,428 225,099
Total Assets 5,781,505 5,697,237
Indebtedness:    
Mortgage Loan Payable 9,205 9,295
Senior Unsecured Notes, Net 1,439,129 1,438,607
Unsecured Term Loans, Net 992,792 922,494
Unsecured Credit Facility 124,000 183,000
Accounts Payable, Accrued Expenses and Other Liabilities 154,674 178,884
Operating Lease Liabilities 19,239 19,450
Rents Received in Advance and Security Deposits 112,683 114,765
Dividends and Distributions Payable 69,349 62,656
Total Liabilities 2,921,071 2,929,151
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:    
General Partner Units (132,570,424 and 132,470,326 units outstanding) 2,691,927 2,614,216
Limited Partner Units (4,446,026 and 4,031,088 units outstanding) 159,350 143,488
Accumulated Other Comprehensive Income 7,288 3,256
Total First Industrial, L.P.'s Partners' Capital 2,858,565 2,760,960
Noncontrolling Interests 1,869 7,126
Total Partners' Capital 2,860,434 2,768,086
Total Liabilities and Equity/Partners' Capital $ 5,781,505 $ 5,697,237