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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Investment in Real Estate:    
Land $ 1,758,883 $ 1,756,971
Buildings and Improvements 3,854,481 3,711,718
Construction in Progress 102,311 245,391
Less: Accumulated Depreciation (1,034,145) (1,009,335)
Net Investment in Real Estate 4,681,530 4,704,745
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $21,861 and $— 27,166 0
Operating Lease Right-of-Use Assets 20,075 24,211
Cash and Cash Equivalents 38,545 43,844
Restricted Cash 8,003 0
Tenant Accounts Receivable 5,681 10,993
Investment in Joint Venture 48,658 44,663
Deferred Rent Receivable 151,734 144,033
Prepaid Expenses and Other Assets, Net 224,570 203,276
Total Assets 5,205,962 5,175,765
Indebtedness:    
Mortgage Loan Payable 9,812 9,978
Senior Unsecured Notes, Net 994,823 994,463
Unsecured Term Loans, Net 921,670 920,863
Unsecured Credit Facility 299,000 299,000
Accounts Payable, Accrued Expenses and Other Liabilities 124,710 143,429
Operating Lease Liabilities 17,836 21,992
Rents Received in Advance and Security Deposits 103,676 106,734
Liabilities Held for Sale 4,598 0
Dividends and Distributions Payable 50,658 44,201
Total Liabilities 2,526,783 2,540,660
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 132,343,894 and 132,289,039 shares issued and outstanding) 1,323 1,323
Additional Paid-in Capital 2,418,232 2,411,673
Retained Earnings 149,413 127,707
Accumulated Other Comprehensive Income 31,653 22,272
Total First Industrial Realty Trust, Inc.'s Equity 2,600,621 2,562,975
Noncontrolling Interests 78,558 72,130
Total Equity 2,679,179 2,635,105
Total Liabilities and Equity/Partners' Capital 5,205,962 5,175,765
First Industrial, L.P.    
Investment in Real Estate:    
Land 1,758,883 1,756,971
Buildings and Improvements 3,854,481 3,711,718
Construction in Progress 102,311 245,391
Less: Accumulated Depreciation (1,034,145) (1,009,335)
Net Investment in Real Estate 4,681,530 4,704,745
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $21,861 and $— 27,166 0
Operating Lease Right-of-Use Assets 20,075 24,211
Cash and Cash Equivalents 38,545 43,844
Restricted Cash 8,003 0
Tenant Accounts Receivable 5,681 10,993
Investment in Joint Venture 48,658 44,663
Deferred Rent Receivable 151,734 144,033
Prepaid Expenses and Other Assets, Net 233,829 212,559
Total Assets 5,215,221 5,185,048
Indebtedness:    
Mortgage Loan Payable 9,812 9,978
Senior Unsecured Notes, Net 994,823 994,463
Unsecured Term Loans, Net 921,670 920,863
Unsecured Credit Facility 299,000 299,000
Accounts Payable, Accrued Expenses and Other Liabilities 124,710 143,429
Operating Lease Liabilities 17,836 21,992
Rents Received in Advance and Security Deposits 103,676 106,734
Liabilities Held for Sale 4,598 0
Dividends and Distributions Payable 50,658 44,201
Total Liabilities 2,526,783 2,540,660
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:    
General Partner Units (132,343,894 and 132,289,039 units outstanding) 2,527,596 2,505,150
Limited Partners Units (3,647,852 and 3,378,165 units outstanding) 120,695 109,003
Accumulated Other Comprehensive Income 32,527 22,842
Total First Industrial L.P.'s Partners' Capital 2,680,818 2,636,995
Noncontrolling Interests 7,620 7,393
Total Partners' Capital 2,688,438 2,644,388
Total Liabilities and Equity/Partners' Capital $ 5,215,221 $ 5,185,048