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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 381,612 $ 277,171 $ 200,169
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation 119,477 107,876 102,533
Amortization of Debt Issuance Costs 3,187 3,423 3,428
Other Amortization, Including Equity Based Compensation 32,845 31,181 35,231
Equity in (Income) Loss of Joint Ventures (114,942) 161 (4,200)
Distributions from Joint Ventures 118,034 0 4,279
Gain on Sale of Real Estate [1] (128,268) (150,310) (86,751)
Gain on Involuntary Conversion (1,495) 0 (6,476)
Straight-line Rental Income and Expense, Net (25,962) (16,081) (8,973)
(Increase) Decrease in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (4,852) (472) 3,861
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 31,307 13,946 (2,671)
Net Cash Provided by Operating Activities 410,943 266,895 240,430
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of Real Estate (305,326) (352,922) (220,223)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (522,368) (314,084) (198,496)
Net Proceeds from Sales of Investments in Real Estate, Including Sales-Type Lease Receivable 175,409 234,726 203,864
Increase in Escrow Deposits 450 4,461 14,950
Proceeds from Involuntary Conversion 1,495 0 6,476
Contributions to and Investments in Joint Ventures (5,616) (1,550) (42,744)
Distributions from Joint Ventures 29,356 21,407 19,938
Other Investing Activity (1,608) 61 (5,603)
Net Cash Used in Investing Activities (629,108) (416,823) (251,738)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Financing and Equity Issuance Costs (5,265) (6,452) (3,363)
Proceeds from the Issuance of Common Stock/Contribution of General Partner Units 12,823 145,760 78,718
Tax Paid on Vested Equity Compensation (2,942) (5,126) (5,944)
Common Stock Dividends and Unit Distributions Paid (155,333) (139,710) (127,338)
Contributions from Noncontrolling Interests 103 28 4,321
Distributions to Noncontrolling Interests (4,418) 0 0
Repayments on Mortgage Loans Payable (69,465) (64,450) (30,146)
Proceeds from Senior Unsecured Notes 0 0 300,000
Proceeds from Unsecured Term Loans 465,000 0 0
Proceeds from Unsecured Credit Facility 720,000 289,000 247,000
Repayments on Unsecured Credit Facility (656,000) (210,000) (405,000)
Net Cash Provided by Financing Activities 304,503 9,050 58,248
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 86,338 (140,878) 46,940
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 58,780 199,658 152,718
Cash, Cash Equivalents and Restricted Cash, End of Year 145,118 58,780 199,658
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:      
Interest Paid, Net of Interest Expense Capitalized 46,445 44,184 48,849
Interest Expense Capitalized in Connection with Development Activity and Joint Venture Investment 16,298 12,140 6,847
Income Taxes Paid 3,760 3,366 1,573
Cash Paid for Operating Lease Liabilities 3,444 3,261 2,821
Supplemental Schedule of Non-Cash Operating Activities:      
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets 949 819 1,341
Supplemental Schedule of Non-Cash Investing and Financing Activities:      
Dividends and Distributions Payable 41,259 37,178 33,703
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:      
Assumption of Other Assets in Connection with the Acquisition of Real Estate 0 3,611 0
Assumption of Liabilities in Connection with the Acquisition of Real Estate 2,115 1,990 18,579
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 86,456 82,526 34,008
Tenant Improvements Funded by Tenant 610 28,559 0
Write-off of Fully Depreciated Assets (35,716) (36,799) (45,302)
Noncontrolling Interests      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 22,478 6,174 4,180
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units (2,444) (1,761) (2,090)
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 1 2
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 2,443 1,760 2,088
First Industrial, L.P.      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 381,612 277,171 200,169
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation 119,477 107,876 102,533
Amortization of Debt Issuance Costs 3,187 3,423 3,428
Other Amortization, Including Equity Based Compensation 32,845 31,181 35,231
Equity in (Income) Loss of Joint Ventures (114,942) 161 (4,200)
Distributions from Joint Ventures 118,034 0 4,279
Gain on Sale of Real Estate (128,268) (150,310) (86,751)
Gain on Involuntary Conversion (1,495) 0 (6,476)
Straight-line Rental Income and Expense, Net (25,962) (16,081) (8,973)
(Increase) Decrease in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (4,898) (337) 4,512
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 31,307 13,946 (2,671)
Net Cash Provided by Operating Activities 410,897 267,030 241,081
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of Real Estate (305,326) (352,922) (220,223)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (522,368) (314,084) (198,496)
Net Proceeds from Sales of Investments in Real Estate, Including Sales-Type Lease Receivable 175,409 234,726 203,864
Increase in Escrow Deposits 450 4,461 14,950
Proceeds from Involuntary Conversion 1,495 0 6,476
Contributions to and Investments in Joint Ventures (5,616) (1,550) (42,744)
Distributions from Joint Ventures 29,356 21,407 19,938
Other Investing Activity (1,608) 61 (5,603)
Net Cash Used in Investing Activities (629,108) (416,823) (251,738)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Financing and Equity Issuance Costs (5,265) (6,452) (3,363)
Proceeds from the Issuance of Common Stock/Contribution of General Partner Units 12,823 145,760 78,718
Tax Paid on Vested Equity Compensation (2,942) (5,126) (5,944)
Common Stock Dividends and Unit Distributions Paid (155,333) (139,710) (127,338)
Contributions from Noncontrolling Interests 242 64 4,401
Distributions to Noncontrolling Interests (4,511) (171) (731)
Repayments on Mortgage Loans Payable (69,465) (64,450) (30,146)
Proceeds from Senior Unsecured Notes 0 0 300,000
Proceeds from Unsecured Term Loans 465,000 0 0
Proceeds from Unsecured Credit Facility 720,000 289,000 247,000
Repayments on Unsecured Credit Facility (656,000) (210,000) (405,000)
Net Cash Provided by Financing Activities 304,549 8,915 57,597
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 86,338 (140,878) 46,940
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 58,780 199,658 152,718
Cash, Cash Equivalents and Restricted Cash, End of Year 145,118 58,780 199,658
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:      
Interest Paid, Net of Interest Expense Capitalized 46,445 44,184 48,849
Interest Expense Capitalized in Connection with Development Activity and Joint Venture Investment 16,298 12,140 6,847
Income Taxes Paid 3,760 3,366 1,573
Cash Paid for Operating Lease Liabilities 3,444 3,261 2,821
Supplemental Schedule of Non-Cash Operating Activities:      
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets 949 819 1,341
Supplemental Schedule of Non-Cash Investing and Financing Activities:      
Dividends and Distributions Payable 41,259 37,178 33,703
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:      
Assumption of Other Assets in Connection with the Acquisition of Real Estate 0 3,611 0
Assumption of Liabilities in Connection with the Acquisition of Real Estate 2,115 1,990 18,579
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 86,456 82,526 34,008
Tenant Improvements Funded by Tenant 610 28,559 0
Write-off of Fully Depreciated Assets (35,716) (36,799) (45,302)
First Industrial, L.P. | Limited Partner Units      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 8,474 6,183 4,189
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units (2,444) (1,761) (2,090)
First Industrial, L.P. | General Partner Units      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 359,045 270,855 195,745
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units $ 2,444 $ 1,761 $ 2,090
[1] (B) Gross proceeds and gain on sale of real estate include the sale of one land parcel for each of the years ended December 31, 2022 and 2021.