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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investment in Real Estate:    
Land $ 1,756,971 $ 1,646,179
Buildings and Improvements 3,711,718 3,442,957
Construction in Progress 245,391 253,903
Less: Accumulated Depreciation (1,009,335) (921,480)
Net Investment in Real Estate 4,704,745 4,421,559
Operating Lease Right-of-Use Assets 24,211 24,580
Cash and Cash Equivalents 43,844 133,244
Restricted Cash 0 11,874
Tenant Accounts Receivable 10,993 7,135
Investment in Joint Venture 44,663 8,822
Deferred Rent Receivable 144,033 122,918
Prepaid Expenses and Other Assets, Net 203,276 224,190
Total Assets 5,175,765 4,954,322
Indebtedness:    
Mortgage Loan Payable 9,978 10,299
Senior Unsecured Notes, Net 994,463 993,742
Unsecured Term Loans, Net 920,863 919,260
Unsecured Credit Facility 299,000 143,000
Accounts Payable, Accrued Expenses and Other Liabilities 143,429 194,031
Operating Lease Liabilities 21,992 22,266
Rents Received in Advance and Security Deposits 106,734 100,166
Dividends and Distributions Payable 44,201 41,259
Total Liabilities 2,540,660 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 132,289,039 and 132,141,503 shares issued and outstanding) 1,323 1,321
Additional Paid-in Capital 2,411,673 2,401,334
Retained Earnings 127,707 23,131
Accumulated Other Comprehensive Income 22,272 33,412
Total First Industrial Realty Trust, Inc.'s Equity 2,562,975 2,459,198
Noncontrolling Interests 72,130 71,101
Total Equity 2,635,105 2,530,299
Total Liabilities and Equity/Partners' Capital 5,175,765 4,954,322
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,756,971 1,646,179
Buildings and Improvements 3,711,718 3,442,957
Construction in Progress 245,391 253,903
Less: Accumulated Depreciation (1,009,335) (921,480)
Net Investment in Real Estate 4,704,745 4,421,559
Operating Lease Right-of-Use Assets 24,211 24,580
Cash and Cash Equivalents 43,844 133,244
Restricted Cash 0 11,874
Tenant Accounts Receivable 10,993 7,135
Investment in Joint Venture 44,663 8,822
Deferred Rent Receivable 144,033 122,918
Prepaid Expenses and Other Assets, Net 212,559 233,471
Total Assets 5,185,048 4,963,603
Indebtedness:    
Mortgage Loan Payable 9,978 10,299
Senior Unsecured Notes, Net 994,463 993,742
Unsecured Term Loans, Net 920,863 919,260
Unsecured Credit Facility 299,000 143,000
Accounts Payable, Accrued Expenses and Other Liabilities 143,429 194,031
Operating Lease Liabilities 21,992 22,266
Rents Received in Advance and Security Deposits 106,734 100,166
Dividends and Distributions Payable 44,201 41,259
Total Liabilities 2,540,660 2,424,023
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial L.P.'s Partners' Capital:    
General Partner Units (132,289,039 and 132,141,503 units outstanding) 2,505,150 2,395,601
Limited Partners Units (3,378,165 and 3,055,766 units outstanding) 109,003 95,015
Accumulated Other Comprehensive Income 22,842 34,186
Total First Industrial L.P.'s Partners' Capital 2,636,995 2,524,802
Noncontrolling Interests 7,393 14,778
Total Partners' Capital 2,644,388 2,539,580
Total Liabilities and Equity/Partners' Capital $ 5,185,048 $ 4,963,603