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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income $ 36,707 $ 80,002 $ 114,662 $ 145,055
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:        
Depreciation     76,580 73,054
Amortization of Debt Issuance Costs 905 805 2,477 2,430
Other Amortization, including Stock Based Compensation     26,776 21,226
Equity in Loss (Income) of Joint Ventures 162 72 236 (16,288)
Distributions from Joint Ventures     0 16,012
Gain on Sale of Real Estate (6,525) (52,489) (29,594) (53,378)
Gain on Involuntary Conversion     (6,476) 0
Payments to Settle Derivative Instruments 0 0 0 (3,149)
Straight-line Rental Income and Expense, Net     (6,481) (7,321)
Decrease (Increase) in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net     3,149 (8,325)
Increase in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits     8,810 20,863
Net Cash Provided by Operating Activities     190,139 190,179
CASH FLOWS FROM INVESTING ACTIVITIES:        
Acquisitions of Real Estate     (184,883) (108,468)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs     (150,908) (211,424)
Net Proceeds from Sales of Investments in Real Estate, Including Sales-Type Lease Receivable     110,049 102,758
Contributions to and Investments in Joint Ventures     (42,744) 0
Distributions from Joint Ventures     0 8,658
Proceeds from Involuntary Conversion     6,476 0
Deposits on Future Acquisitions and Other Investing Activity     (12,345) (6,459)
Net Cash Used in Investing Activities     (274,355) (214,935)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Financing and Equity Issuance Costs     (3,329) (953)
Proceeds from the Issuance of Common Stock, Net of Underwriter's Discount     78,718 0
Tax Paid on Shares Withheld     (5,944) (4,384)
Common Stock Dividends and Unit Distributions Paid     (94,493) (87,490)
Contributions from Noncontrolling Interests     4,321 0
Repayments on Mortgage Loans Payable     (18,654) (116,518)
Proceeds from Issuance of Unsecured Debt     300,000 150,000
Proceeds from Unsecured Credit Facility     247,000 295,000
Repayments on Unsecured Credit Facility     (405,000) (217,000)
Net Cash Provided by Financing Activities     102,619 18,655
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash     18,403 (6,101)
Cash, Cash Equivalents and Restricted Cash, Beginning of Year     152,718 50,373
Cash, Cash Equivalents and Restricted Cash, End of Period 171,121 44,272 171,121 44,272
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:        
Interest Expense Capitalized in Connection with Development Activity     5,029 4,161
Cash Paid for Operating Lease Liabilities     2,175 1,273
Supplemental Schedule of Non-Cash Operating Activities:        
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets     1,208 22,871
Supplemental Schedule of Non-Cash Investing and Financing Activities:        
Dividends and Distributions Payable 33,577 30,386 33,577 30,386
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:        
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 0 0
Lease Reclassification from Operating Lease to Sales Type Lease:        
Land (1,092,966)   (1,092,966)  
Deferred Rent Receivable (83,010)   (83,010)  
Assumption of Liabilities in Connection with the Acquisition of Real Estate     6,542 692
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate     24,385 57,872
Write-off of Fully Depreciated Assets     (30,935) (26,115)
Sales Type Lease        
Lease Reclassification from Operating Lease to Sales Type Lease:        
Lease Receivable 0 54,521 0 54,521
Land 0 (24,803) 0 (24,803)
Building Net Of Accumulated Depreciation     0 (17,845)
Deferred Rent Receivable 0 (2,073) 0 (2,073)
Other Assets Net Of Accumulated Amortization     0 (1,194)
Sales-type Lease, Selling Profit (Loss)     0 8,606
Noncontrolling Interest        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income 748 1,691    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:        
Conversion of Limited Partner Units to Common Stock / General Partner Units (4) (6,861) (2,069) (6,861)
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 5 2 5
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 4 6,856 2,067 6,856
First Industrial, L.P.        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income 36,707 80,002 114,662 145,055
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:        
Depreciation     76,580 73,054
Amortization of Debt Issuance Costs 905 805 2,477 2,430
Other Amortization, including Stock Based Compensation     26,776 21,226
Equity in Loss (Income) of Joint Ventures 162 72 236 (16,288)
Distributions from Joint Ventures     0 16,012
Gain on Sale of Real Estate (6,525) (52,489) (29,594) (53,378)
Gain on Involuntary Conversion     (6,476) 0
Payments to Settle Derivative Instruments 0 0 0 (3,149)
Straight-line Rental Income and Expense, Net     (6,481) (7,321)
Decrease (Increase) in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net     3,709 (8,240)
Increase in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits     8,810 20,863
Net Cash Provided by Operating Activities     190,699 190,264
CASH FLOWS FROM INVESTING ACTIVITIES:        
Acquisitions of Real Estate     (184,883) (108,468)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs     (150,908) (211,424)
Net Proceeds from Sales of Investments in Real Estate, Including Sales-Type Lease Receivable     110,049 102,758
Contributions to and Investments in Joint Ventures     (42,744) 0
Distributions from Joint Ventures     0 8,658
Proceeds from Involuntary Conversion     6,476 0
Deposits on Future Acquisitions and Other Investing Activity     (12,345) (6,459)
Net Cash Used in Investing Activities     (274,355) (214,935)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Financing and Equity Issuance Costs     (3,329) (953)
Proceeds from the Issuance of Common Stock, Net of Underwriter's Discount     78,718 0
Tax Paid on Shares Withheld     (5,944) (4,384)
Common Stock Dividends and Unit Distributions Paid     (94,493) (87,490)
Contributions from Noncontrolling Interests     4,388 10
Distributions to Noncontrolling Interests     (627) (95)
Repayments on Mortgage Loans Payable     (18,654) (116,518)
Proceeds from Issuance of Unsecured Debt     300,000 150,000
Proceeds from Unsecured Credit Facility     247,000 295,000
Repayments on Unsecured Credit Facility     (405,000) (217,000)
Net Cash Provided by Financing Activities     102,059 18,570
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash     18,403 (6,101)
Cash, Cash Equivalents and Restricted Cash, Beginning of Year     152,718 50,373
Cash, Cash Equivalents and Restricted Cash, End of Period 171,121 44,272 171,121 44,272
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:        
Interest Expense Capitalized in Connection with Development Activity     5,029 4,161
Cash Paid for Operating Lease Liabilities     2,175 1,273
Supplemental Schedule of Non-Cash Operating Activities:        
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets     1,208 22,871
Supplemental Schedule of Non-Cash Investing and Financing Activities:        
Dividends and Distributions Payable 33,577 30,386 33,577 30,386
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:        
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 0 0
Lease Reclassification from Operating Lease to Sales Type Lease:        
Land (1,092,966)   (1,092,966)  
Deferred Rent Receivable (83,010)   (83,010)  
Assumption of Liabilities in Connection with the Acquisition of Real Estate     6,542 692
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate     24,385 57,872
Write-off of Fully Depreciated Assets     (30,935) (26,115)
First Industrial, L.P. | Sales Type Lease        
Lease Reclassification from Operating Lease to Sales Type Lease:        
Lease Receivable 0 54,521 0 54,521
Land 0 (24,803) 0 (24,803)
Building Net Of Accumulated Depreciation     0 (17,845)
Deferred Rent Receivable 0 (2,073) 0 (2,073)
Other Assets Net Of Accumulated Amortization     0 (1,194)
Sales-type Lease, Selling Profit (Loss)     0 8,606
First Industrial, L.P. | Limited Partner Units        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income 760 1,691    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:        
Conversion of Limited Partner Units to Common Stock / General Partner Units (4) (6,861) (2,069) (6,861)
First Industrial, L.P. | General Partner Units        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income 35,879 78,278    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:        
Conversion of Limited Partner Units to Common Stock / General Partner Units $ 4 $ 6,861 $ 2,069 $ 6,861