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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 107,000 $ 101,071
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 70,697 72,317
Amortization of Deferred Financing Costs 2,336 2,437
Other Amortization, including Stock Based Compensation 22,059 21,699
Provision for Bad Debt 181 567
Gain on Sale of Real Estate (52,140) (60,828)
Loss from Retirement of Debt 1,653 0
Mark-to-Market Gain on Interest Rate Protection Agreements (1,848) 0
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (6,792) (2,830)
Increase in Deferred Rent Receivable, Net (4,104) (5,121)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 9,152 (1,545)
Payments of Prepayment Penalties and Discounts Associated with Retirement of Debt (1,453) (554)
Net Cash Provided by Operating Activities 146,741 127,213
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (160,065) (95,157)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (104,658) (117,630)
Net Proceeds from Sales of Investments in Real Estate 95,233 133,602
Repayments of Notes Receivable 51 43
Decrease in Escrows 4,805 11,051
Net Cash Used in Investing Activities (164,634) (68,091)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing and Equity Issuance Costs 1,918 375
Proceeds from Issuance of Common Stock/Contribution of General Partner Units 74,880 124,936
Repurchase and Retirement of Restricted Stock/Units (2,401) (5,242)
Common Stock Dividends and Unit Distributions Paid (74,508) (59,678)
Repayments on Mortgage Loans Payable (44,152) (66,551)
Proceeds from Senior Unsecured Notes 200,000 0
Repayments of Senior Unsecured Notes (101,871) (159,125)
Proceeds from Unsecured Credit Facility 326,000 397,000
Repayments on Unsecured Credit Facility (358,500) (286,000)
Net Cash Provided by (Used in) Financing Activities 17,530 (55,035)
Net (Decrease) Increase in Cash and Cash Equivalents (363) 4,087
Cash and Cash Equivalents, Beginning of Year 9,859 3,987
Cash and Cash Equivalents, End of Period 9,496 8,074
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:    
Interest Expense Capitalized in Connection with Development Activity 3,014 2,279
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 26,848  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate 1,138 5,227
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 23,247 28,788
Write-off of Fully Depreciated Assets (27,455) (34,360)
Noncontrolling Interest    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 3,531  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units (39) (819)
Common Stock    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 1
Additional Paid-in- Capital    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 39 818
Common Stock    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Common Stock/Contribution of General Partner Units 74,880  
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 26,848 23,357
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 39 819
First Industrial, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 107,000 101,071
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 70,697 72,317
Amortization of Deferred Financing Costs 2,336 2,437
Other Amortization, including Stock Based Compensation 22,059 21,699
Provision for Bad Debt 181 567
Gain on Sale of Real Estate (52,140) (60,828)
Loss from Retirement of Debt 1,653 0
Mark-to-Market Gain on Interest Rate Protection Agreements (1,848) 0
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (6,537) (2,680)
Increase in Deferred Rent Receivable, Net (4,104) (5,121)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 9,152 (1,545)
Payments of Prepayment Penalties and Discounts Associated with Retirement of Debt (1,453) (554)
Net Cash Provided by Operating Activities 146,996 127,363
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (160,065) (95,157)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (104,658) (117,630)
Net Proceeds from Sales of Investments in Real Estate 95,233 133,602
Repayments of Notes Receivable 51 43
Decrease in Escrows 4,805 11,051
Net Cash Used in Investing Activities (164,634) (68,091)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing and Equity Issuance Costs 1,918 375
Proceeds from Issuance of Common Stock/Contribution of General Partner Units 74,880 124,936
Repurchase and Retirement of Restricted Stock/Units (2,401) (5,242)
Common Stock Dividends and Unit Distributions Paid (74,508) (59,678)
Contributions from Noncontrolling Interests 29 114
Distributions to Noncontrolling Interests (284) (264)
Repayments on Mortgage Loans Payable (44,152) (66,551)
Proceeds from Senior Unsecured Notes 200,000 0
Repayments of Senior Unsecured Notes (101,871) (159,125)
Proceeds from Unsecured Credit Facility 326,000 397,000
Repayments on Unsecured Credit Facility (358,500) (286,000)
Net Cash Provided by (Used in) Financing Activities 17,275 (55,185)
Net (Decrease) Increase in Cash and Cash Equivalents (363) 4,087
Cash and Cash Equivalents, Beginning of Year 9,859 3,987
Cash and Cash Equivalents, End of Period 9,496 8,074
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:    
Interest Expense Capitalized in Connection with Development Activity 3,014 2,279
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 26,848  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate 1,138 5,227
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 23,247 28,788
Write-off of Fully Depreciated Assets (27,455) (34,360)
First Industrial, L.P. | Limited Partner Units    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 3,531  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units (39) (819)
First Industrial, L.P. | General Partner Units    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 103,373  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 39 819
First Industrial, L.P. | Common Stock    
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable $ 26,848 $ 23,357