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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 277,171 $ 200,169 $ 243,881
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation 107,876 102,533 98,333
Amortization of Debt Issuance Costs 3,423 3,428 3,218
Other Amortization, including Equity Based Compensation 31,181 35,231 28,780
Equity in Loss (Income) of Joint Ventures 161 (4,200) (16,235)
Distributions from Joint Ventures 0 4,279 15,959
Gain on Sale of Real Estate [1] (150,310) (86,751) (124,942)
Gain on Involuntary Conversion 0 (6,476) 0
Payments to Settle Derivative Instruments 0 0 (3,149)
Straight-line Rental Income and Expense, Net (16,081) (8,973) (10,884)
(Increase) Decrease in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net and Operating Lease Right-of-Use Assets (472) 3,861 (11,523)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 13,946 (2,671) 22,095
Net Cash Provided by Operating Activities 266,895 240,430 245,533
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of Real Estate (352,922) (220,223) (152,744)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (314,084) (198,496) (294,633)
Net Proceeds from Sales of Investments in Real Estate, Including Sales-Type Lease Receivable 234,726 203,864 254,416
Increase in Escrow Deposits 4,461 14,950 23,113
Proceeds from Involuntary Conversion 0 6,476 0
Contributions to and Investments in Joint Ventures (1,550) (42,744) (210)
Distributions from Joint Ventures 21,407 19,938 8,711
Other Investing Activity 61 (5,603) 2,187
Net Cash Used in Investing Activities (416,823) (251,738) (205,386)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Financing and Equity Issuance Costs (6,452) (3,363) (954)
Proceeds from the Issuance of Common Stock/Contribution of General Partner Units 145,760 78,718 0
Tax Paid on Vested Equity Compensation (5,126) (5,944) (4,384)
Common Stock Dividends and Unit Distributions Paid (139,710) (127,338) (117,214)
Contributions from Noncontrolling Interests 28 4,321 0
Repayments on Mortgage Loans Payable (64,450) (30,146) (123,250)
Proceeds from Senior Unsecured Notes 0 300,000 150,000
Proceeds from Unsecured Credit Facility 289,000 247,000 415,000
Repayments on Unsecured Credit Facility (210,000) (405,000) (257,000)
Net Cash Provided by Financing Activities 9,050 58,248 62,198
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (140,878) 46,940 102,345
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 199,658 152,718 50,373
Cash, Cash Equivalents and Restricted Cash, End of Year 58,780 199,658 152,718
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:      
Interest Paid, Net of Interest Expense Capitalized in Connection with Development Activity 44,184 48,849 47,801
Interest Expense Capitalized in Connection with Development Activity 12,140 6,847 5,757
Income Taxes Paid 3,366 1,573 3,583
Cash Paid for Operating Lease Liabilities 3,261 2,821 2,084
Supplemental Schedule of Non-Cash Operating Activities:      
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets 819 1,341 22,871
Supplemental Schedule of Non-Cash Investing and Financing Activities:      
Dividends and Distributions Payable 37,178 33,703 30,567
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 0
Lease Reclassification from Operating Lease to Sales-Type Lease:      
Land (1,387,198) (1,087,907)  
Deferred Rent Receivables, Net (98,727) (84,567)  
Assumption of Other Assets in Connection with the Acquisition of Real Estate 3,611 0 0
Assumption of Liabilities in Connection with the Acquisition of Real Estate 1,990 18,579 1,466
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 82,526 34,008 51,107
Tenant Improvements Funded by Tenant 28,559 0 0
Write-off of Fully Depreciated Assets (36,799) (45,302) (37,892)
Sales Type Lease      
Lease Reclassification from Operating Lease to Sales-Type Lease:      
Sales-type Lease, Lease Receivable 0 0 54,521
Land 0 0 (24,803)
Building Net Of Accumulated Depreciation 0 0 (17,845)
Deferred Rent Receivables, Net 0 0 (2,073)
Other Assets Net Of Accumulated Amortization 0 0 (1,194)
Sales-type Lease, Selling Profit (Loss) 0 0 8,606
Noncontrolling Interests      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 6,174 4,180 5,106
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units (1,761) (2,090) (7,196)
Common Stock      
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units 1 2 5
Additional Paid-in Capital      
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units 1,760 2,088 7,191
First Industrial, L.P.      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 277,171 200,169 243,881
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation 107,876 102,533 98,333
Amortization of Debt Issuance Costs 3,423 3,428 3,218
Other Amortization, including Equity Based Compensation 31,181 35,231 28,780
Equity in Loss (Income) of Joint Ventures 161 (4,200) (16,235)
Distributions from Joint Ventures 0 4,279 15,959
Gain on Sale of Real Estate (150,310) (86,751) (124,942)
Gain on Involuntary Conversion 0 (6,476) 0
Payments to Settle Derivative Instruments 0 0 (3,149)
Straight-line Rental Income and Expense, Net (16,081) (8,973) (10,884)
(Increase) Decrease in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net and Operating Lease Right-of-Use Assets (337) 4,512 (11,436)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 13,946 (2,671) 22,095
Net Cash Provided by Operating Activities 267,030 241,081 245,620
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of Real Estate (352,922) (220,223) (152,744)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (314,084) (198,496) (294,633)
Net Proceeds from Sales of Investments in Real Estate, Including Sales-Type Lease Receivable 234,726 203,864 254,416
Increase in Escrow Deposits 4,461 14,950 23,113
Proceeds from Involuntary Conversion 0 6,476 0
Contributions to and Investments in Joint Ventures (1,550) (42,744) (210)
Distributions from Joint Ventures 21,407 19,938 8,711
Other Investing Activity 61 (5,603) 2,187
Net Cash Used in Investing Activities (416,823) (251,738) (205,386)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Financing and Equity Issuance Costs (6,452) (3,363) (954)
Proceeds from the Issuance of Common Stock/Contribution of General Partner Units 145,760 78,718 0
Tax Paid on Vested Equity Compensation (5,126) (5,944) (4,384)
Common Stock Dividends and Unit Distributions Paid (139,710) (127,338) (117,214)
Contributions from Noncontrolling Interests 64 4,401 32
Distributions to Noncontrolling Interests (171) (731) (119)
Repayments on Mortgage Loans Payable (64,450) (30,146) (123,250)
Proceeds from Senior Unsecured Notes 0 300,000 150,000
Proceeds from Unsecured Credit Facility 289,000 247,000 415,000
Repayments on Unsecured Credit Facility (210,000) (405,000) (257,000)
Net Cash Provided by Financing Activities 8,915 57,597 62,111
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (140,878) 46,940 102,345
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 199,658 152,718 50,373
Cash, Cash Equivalents and Restricted Cash, End of Year 58,780 199,658 152,718
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:      
Interest Paid, Net of Interest Expense Capitalized in Connection with Development Activity 44,184 48,849 47,801
Interest Expense Capitalized in Connection with Development Activity 12,140 6,847 5,757
Income Taxes Paid 3,366 1,573 3,583
Cash Paid for Operating Lease Liabilities 3,261 2,821 2,084
Supplemental Schedule of Non-Cash Operating Activities:      
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets 819 1,341 22,871
Supplemental Schedule of Non-Cash Investing and Financing Activities:      
Dividends and Distributions Payable 37,178 33,703 30,567
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 0
Lease Reclassification from Operating Lease to Sales-Type Lease:      
Land (1,387,198) (1,087,907)  
Deferred Rent Receivables, Net (98,727) (84,567)  
Assumption of Other Assets in Connection with the Acquisition of Real Estate 3,611 0 0
Assumption of Liabilities in Connection with the Acquisition of Real Estate 1,990 18,579 1,466
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 82,526 34,008 51,107
Tenant Improvements Funded by Tenant 28,559 0 0
Write-off of Fully Depreciated Assets 36,799 (45,302) (37,892)
First Industrial, L.P. | Sales Type Lease      
Lease Reclassification from Operating Lease to Sales-Type Lease:      
Sales-type Lease, Lease Receivable 0 0 54,521
Land 0 0 (24,803)
Building Net Of Accumulated Depreciation 0 0 (17,845)
Deferred Rent Receivables, Net 0 0 (2,073)
Other Assets Net Of Accumulated Amortization 0 0 (1,194)
Sales-type Lease, Selling Profit (Loss) 0 0 8,606
First Industrial, L.P. | Limited Partner Units      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 6,183 4,189 5,106
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units (1,761) (2,090) (7,196)
First Industrial, L.P. | General Partner Units      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 270,855 195,745 238,522
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units $ 1,761 $ 2,090 $ 7,196
[1] (B) Gross proceeds and gain on sale of real estate include the sale of one land parcel for the year ended December 31, 2021 and several land parcels for the year ended December 31, 2019. In addition, included in the above table for the year ended December 31, 2019, is 0.6 million square feet of GLA, gross proceeds of $54,521 and gain on sale of $8,606 related to the reclassification of a lease from an operating lease to a sales-type lease that was recorded as a lease receivable as of December 31, 2019 and collected during 2020. See Note 10 for additional information.