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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investment in Real Estate:    
Land $ 1,648,867 $ 1,646,179
Buildings and Improvements 3,487,413 3,442,957
Construction in Progress 265,720 253,903
Less: Accumulated Depreciation (946,767) (921,480)
Net Investment in Real Estate 4,455,233 4,421,559
Operating Lease Right-of-Use Assets 24,283 24,580
Cash and Cash Equivalents 65,835 133,244
Restricted Cash 5,864 11,874
Tenant Accounts Receivable 9,190 7,135
Investment in Joint Venture 33,943 8,822
Deferred Rent Receivable 128,442 122,918
Prepaid Expenses and Other Assets, Net 228,062 224,190
Total Assets 4,950,852 4,954,322
Indebtedness:    
Mortgage Loan Payable 10,220 10,299
Senior Unsecured Notes, Net 993,922 993,742
Unsecured Term Loans, Net 919,662 919,260
Unsecured Credit Facility 157,000 143,000
Accounts Payable, Accrued Expenses and Other Liabilities 174,222 194,031
Operating Lease Liabilities 21,995 22,266
Rents Received in Advance and Security Deposits 101,805 100,166
Dividends and Distributions Payable 44,061 41,259
Total Liabilities 2,422,887 2,424,023
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 132,241,965 and 132,141,503 shares issued and outstanding) 1,322 1,321
Additional Paid-in Capital 2,400,269 2,401,334
Retained Earnings 35,987 23,131
Accumulated Other Comprehensive Income 20,732 33,412
Total First Industrial Realty Trust, Inc.'s Equity 2,458,310 2,459,198
Noncontrolling Interests 69,655 71,101
Total Equity 2,527,965 2,530,299
Total Liabilities and Equity/Partners' Capital 4,950,852 4,954,322
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,648,867 1,646,179
Buildings and Improvements 3,487,413 3,442,957
Construction in Progress 265,720 253,903
Less: Accumulated Depreciation (946,767) (921,480)
Net Investment in Real Estate 4,455,233 4,421,559
Operating Lease Right-of-Use Assets 24,283 24,580
Cash and Cash Equivalents 65,835 133,244
Restricted Cash 5,864 11,874
Tenant Accounts Receivable 9,190 7,135
Investment in Joint Venture 33,943 8,822
Deferred Rent Receivable 128,442 122,918
Prepaid Expenses and Other Assets, Net 237,343 233,471
Total Assets 4,960,133 4,963,603
Indebtedness:    
Mortgage Loan Payable 10,220 10,299
Senior Unsecured Notes, Net 993,922 993,742
Unsecured Term Loans, Net 919,662 919,260
Unsecured Credit Facility 157,000 143,000
Accounts Payable, Accrued Expenses and Other Liabilities 174,222 194,031
Operating Lease Liabilities 21,995 22,266
Rents Received in Advance and Security Deposits 101,805 100,166
Dividends and Distributions Payable 44,061 41,259
Total Liabilities 2,422,887 2,424,023
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:    
General Partner Units (132,241,965 and 132,141,503 units outstanding) 2,408,539 2,395,601
Limited Partners Units (3,410,233 and 3,055,766 units outstanding) 100,638 95,015
Accumulated Other Comprehensive Income 21,268 34,186
Total First Industrial L.P.'s Partners' Capital 2,530,445 2,524,802
Noncontrolling Interests 6,801 14,778
Total Partners' Capital 2,537,246 2,539,580
Total Liabilities and Equity/Partners' Capital $ 4,960,133 $ 4,963,603