-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RlxY0rfw7qtUC14D9XKuHu8EoJI5dMwWZlj32uyv0oii+5ZXFvn+K4iK6bUrhz1k 1qfG1k7pfHnXF6fJf3IyAg== 0000950134-06-017914.txt : 20060919 0000950134-06-017914.hdr.sgml : 20060919 20060919060633 ACCESSION NUMBER: 0000950134-06-017914 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060918 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060919 DATE AS OF CHANGE: 20060919 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST INDUSTRIAL LP CENTRAL INDEX KEY: 0001033128 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 363924586 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-21873 FILM NUMBER: 061096852 BUSINESS ADDRESS: STREET 1: 311 S WACKER DR STREET 2: STE 4000 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3123444300 MAIL ADDRESS: STREET 1: 150 N WACKER DR STREET 2: STE 150 CITY: CHICAGO STATE: IL ZIP: 60606 8-K 1 c08531e8vk.htm CURRENT REPORT e8vk
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
September 18, 2006
Date of Report (Date of earliest event reported)
FIRST INDUSTRIAL, L.P.
(Exact name of registrant as specified in its charter)
         
Delaware   333-21873   36-3924586
(State or other jurisdiction of
incorporation or organization) 		  (Commission File Number)   (I.R.S. Employer
Identification No.)
311 S. Wacker Drive, Suite 4000
Chicago, Illinois 60606
(Address of principal executive offices, zip code)
(312) 344-4300
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Item 9.01 Financial Statements and Exhibits.
(d)  Exhibits. The following exhibits are filed herewith:
         
Exhibit No.
  
Description
  12.1     Ratio of Earnings to Fixed Charges
         

 

 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  FIRST INDUSTRIAL L.P.

  
  By:   /s/ Scott A. Musil  
 
    Name:   Scott A. Musil   
    Title:   Chief Accounting Officer   
 
Date: September 18, 2006

 

EX-12.1 2 c08531exv12w1.htm RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

Exhibit 12.1
FIRST INDUSTRIAL, L.P.
Ratio of Earnings to Combined Fixed Charges
(Dollars in Thousands)
                                                 
    6/30/2006     12/31/2005     12/31/2004     12/31/2003     12/31/2002     12/31/2001    
Income from Continuing Operations Before Income Taxes From Continuing Operations
    (15,487 )     2,335       32,681       20,435       53,109       85,780
Plus:
                                             
Interest expense
    59,220       108,164       98,458       94,637       87,069       78,841
Amortization of DFC and IRPA
    1,221       2,122       1,928       1,761       1,858       1,742
                                               
Net Earnings
    44,954       112,621       133,067       116,833       142,036       166,363
                                               
Interest Expense
    59,220       108,164       98,458       94,637       87,069       78,841
Capitalized Interest
    3,165       3,271       1,304       761       7,792       9,950
Amortization of deferred financing costs and IRPA
    1,221       2,122       1,928       1,761       1,858       1,742
                                               
Fixed Charges
    63,606       113,557       101,690       97,159       96,719       90,533
                                               
Ratio of Earnings to Fixed Charges
    (b)       (b)       1.3       1.2       1.5       1.8
                                               
 
(a)   For purposes of computing the ratios of earnings to fixed charges, earnings have been calculated by adding fixed charges (excluding capitalized interest) to income from continuing operations before income taxes allocable to continuing operations. Fixed charges consist of interest costs, whether expensed or capitalized and amortization of deferred financing costs.
(b)   Due to First Industrial, L.P.’s (the “Consolidated Operating Partnership”) Loss from continuing operations for six months ended June 30, 2006 and Capitalized Interest for the year ended December 31, 2005, the ratio coverage is less than 1:1. The Consolidated Operating Partnership must generate additional earnings of $18,652 for the six months ended June 30, 2006 and $936 for the year ended December 31, 2005 to achieve a coverage ratio of 1:1.

-----END PRIVACY-ENHANCED MESSAGE-----