$FR
FIRST INDUSTRIAL REALTY TRUST INC Stock $fr

$fr Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000092182524000044 Filed on April 19, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$164.1M	$162.3M
YoY Change	7.83%	8.6%
Cost Of Revenue	$43.05M	$47.01M
YoY Change	8.29%	11.46%
Gross Profit	$121.1M	$115.3M
YoY Change	7.66%	7.48%
Gross Profit Margin	73.77%	71.03%
Selling, General & Admin	$9.621M	$11.78M
YoY Change	1.06%	25.95%
% of Gross Profit	7.95%	10.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$40.44M	$33.96M
YoY Change	6.21%	7.3%
% of Gross Profit	33.39%	29.47%
Operating Expenses	$52.67M	$53.60M
YoY Change	5.11%	9.11%
Operating Profit	$68.42M	$61.66M
YoY Change	9.72%	6.1%
Interest Expense	-$21.25M	-$20.83M
YoY Change	13.53%	-312.0%
% of Operating Profit	-31.06%	-33.79%
Other Income/Expense, Net	-$15.90M	$9.043M
YoY Change	176.57%	-153.12%
Pretax Income	$52.14M	$70.28M
YoY Change	-8.03%	74.35%
Income Tax	$426.0K	$1.179M
% Of Pretax Income	0.82%	1.68%
Net Earnings	$51.32M	$68.45M
YoY Change	-5.98%	22.31%
Net Earnings / Revenue	31.27%	42.18%
Basic Earnings Per Share	$0.39	$0.52
Diluted Earnings Per Share	$0.39	$0.52
COMMON SHARES
Basic Shares Outstanding	132.3M shares	132.3M shares
Diluted Shares Outstanding	132.4M shares	132.4M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$38.55M	$48.88M
YoY Change	-43.4%	-25.75%
Cash & Equivalents	$38.55M	$48.88M
Short-Term Investments
Other Short-Term Assets	$224.6M	$226.7M
YoY Change	-0.16%	-0.62%
Inventory	$27.17M
Prepaid Expenses
Receivables	$5.681M	$12.46M
Other Receivables	$151.7M	$147.5M
Total Short-Term Assets	$447.7M	$435.5M
YoY Change	3.24%	0.92%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.702B	$4.717B
YoY Change	1.8%	5.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$48.66M	$47.74M
YoY Change	30.19%	40.63%
Other Assets	$8.003M
YoY Change
Total Long-Term Assets	$4.758B	$4.765B
YoY Change	2.2%	5.43%
TOTAL ASSETS
Total Short-Term Assets	$447.7M	$435.5M
Total Long-Term Assets	$4.758B	$4.765B
Total Assets	$5.206B	$5.200B
YoY Change	2.29%	5.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$124.7M	$116.2M
YoY Change	-28.57%	-33.33%
Accrued Expenses	$17.84M	$21.87M
YoY Change	-19.64%	-0.59%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$193.2M	$188.7M
YoY Change	-19.86%	-21.46%
LONG-TERM LIABILITIES
Long-Term Debt	$2.225B	$2.232B
YoY Change	1.97%	7.26%
Other Long-Term Liabilities	$108.3M	$106.6M
YoY Change	3.95%	4.7%
Total Long-Term Liabilities	$2.334B	$2.338B
YoY Change	2.06%	7.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$193.2M	$188.7M
Total Long-Term Liabilities	$2.334B	$2.338B
Total Liabilities	$2.527B	$2.527B
YoY Change	-2.75%	4.3%
SHAREHOLDERS EQUITY
Retained Earnings	$149.4M	$147.1M
YoY Change	209.88%	308.77%
Common Stock	$1.323M	$1.323M
YoY Change	0.0%	0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.601B	$2.595B
YoY Change
Total Liabilities & Shareholders Equity	$5.206B	$5.200B
YoY Change	2.29%	5.04%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$51.32M	$68.45M
YoY Change	-5.98%	22.31%
Depreciation, Depletion And Amortization	$40.44M	$33.96M
YoY Change	6.21%	7.3%
Cash From Operating Activities	$107.7M	$62.50M
YoY Change	25.58%	-11.12%
INVESTING ACTIVITIES
Capital Expenditures	$58.92M	$68.38M
YoY Change	-63.58%	-31.55%
Acquisitions
YoY Change
Other Investing Activities	$6.069M	-$4.172M
YoY Change	-59.02%	-431.11%
Cash From Investing Activities	-$52.85M	-$19.03M
YoY Change	-64.04%	-81.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-57.22M	-$38.43M
YoY Change	-199.37%	-2.98%
NET CHANGE
Cash From Operating Activities	107.7M	$62.50M
Cash From Investing Activities	-52.85M	-$19.03M
Cash From Financing Activities	-57.22M	-$38.43M
Net Change In Cash	-2.336M	$5.040M
YoY Change	-35.13%	-106.86%
FREE CASH FLOW
Cash From Operating Activities	$107.7M	$62.50M
Capital Expenditures	$58.92M	$68.38M
Free Cash Flow	$48.82M	-$5.877M
YoY Change	-164.24%	-80.13%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	24094000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	24211000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	48884000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	43844000	usd
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	132289039	shares
CY2024Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	12463000	usd
CY2023Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	10993000	usd
CY2024Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	47735000	usd
CY2023Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	44663000	usd
CY2024Q1	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	147512000	usd
CY2023Q4	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	144033000	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	226656000	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	203276000	usd
CY2024Q1	us-gaap	Assets Assets	5200381000	usd
CY2023Q4	us-gaap	Assets Assets	5175765000	usd
CY2024Q1	us-gaap	Secured Debt SecuredDebt	9896000	usd
CY2023Q4	us-gaap	Secured Debt SecuredDebt	9978000	usd
CY2024Q1	us-gaap	Unsecured Debt UnsecuredDebt	994644000	usd
CY2023Q4	us-gaap	Unsecured Debt UnsecuredDebt	994463000	usd
CY2024Q1	us-gaap	Other Long Term Debt OtherLongTermDebt	921266000	usd
CY2023Q4	us-gaap	Other Long Term Debt OtherLongTermDebt	920863000	usd
CY2024Q1	us-gaap	Line Of Credit LineOfCredit	306000000	usd
CY2023Q4	us-gaap	Line Of Credit LineOfCredit	299000000	usd
CY2024Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	116161000	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	143429000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	21865000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	21992000	usd
CY2024Q1	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	106586000	usd
CY2023Q4	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	106734000	usd
CY2024Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	50695000	usd
CY2023Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	44201000	usd
CY2024Q1	us-gaap	Liabilities Liabilities	2527113000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	2540660000	usd
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	225000000	shares
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	225000000	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	132341354	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	132341354	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	132289039	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	1323000	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	1323000	usd
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	2414364000	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	2411673000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	147104000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	127707000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	32374000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	22272000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	2595165000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	2562975000	usd
CY2024Q1	us-gaap	Minority Interest MinorityInterest	78103000	usd
CY2023Q4	us-gaap	Minority Interest MinorityInterest	72130000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2673268000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2635105000	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5200381000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5175765000	usd
CY2024Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	159735000	usd
CY2023Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	146606000	usd
CY2024Q1	fr	Joint Venture Fees JointVentureFees	669000	usd
CY2023Q1	fr	Joint Venture Fees JointVentureFees	1073000	usd
CY2024Q1	us-gaap	Other Operating Income OtherOperatingIncome	1868000	usd
CY2023Q1	us-gaap	Other Operating Income OtherOperatingIncome	1744000	usd
CY2024Q1	us-gaap	Revenues Revenues	162272000	usd
CY2023Q1	us-gaap	Revenues Revenues	149423000	usd
CY2024Q1	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	47014000	usd
CY2023Q1	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	42182000	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	11781000	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	9354000	usd
CY2024Q1	fr	Joint Venture Development Services Expense JointVentureDevelopmentServicesExpense	426000	usd
CY2023Q1	fr	Joint Venture Development Services Expense JointVentureDevelopmentServicesExpense	784000	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	41819000	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	39772000	usd
CY2024Q1	us-gaap	Costs And Expenses CostsAndExpenses	101040000	usd
CY2023Q1	us-gaap	Costs And Expenses CostsAndExpenses	92092000	usd
CY2024Q1	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	30852000	usd
CY2023Q1	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	0	usd
CY2024Q1	us-gaap	Interest Expense Debt Excluding Amortization InterestExpenseDebtExcludingAmortization	20897000	usd
CY2023Q1	us-gaap	Interest Expense Debt Excluding Amortization InterestExpenseDebtExcludingAmortization	16119000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	912000	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	904000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	9043000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-17023000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	70275000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	40308000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1402000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	27634000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1179000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7167000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	70498000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	60775000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	2046000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	4808000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	68452000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	55967000	usd
CY2024Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	45000	usd
CY2023Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	47000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	68407000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	55920000	usd
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.52
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.52
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.42
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.42
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	132360000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	132211000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132406000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132299000	shares
CY2024Q1	us-gaap	Profit Loss ProfitLoss	70498000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	60775000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	10321000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	-13020000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-102000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-102000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	80921000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	47857000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	2323000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	4482000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	78598000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	43375000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2635105000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	10423000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	7674000	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.37
CY2024Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	50309000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits	0	usd
CY2024Q1	fr	Retirement Of Limited Partner Units RetirementOfLimitedPartnerUnits	-25000	usd
CY2024Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	98000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	0	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	0	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2673268000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2530299000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-12918000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	4627000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.32
CY2023Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	43460000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits	0	usd
CY2023Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	11358000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	0	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	0	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2527965000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	70498000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	60775000	usd
CY2024Q1	us-gaap	Depreciation Depreciation	33962000	usd
CY2023Q1	us-gaap	Depreciation Depreciation	31650000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	912000	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	904000	usd
CY2024Q1	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	12870000	usd
CY2023Q1	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	7502000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1402000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	27634000	usd
CY2024Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	753000	usd
CY2023Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	5208000	usd
CY2024Q1	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	30852000	usd
CY2023Q1	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	0	usd
CY2024Q1	fr	Straight Line Rent Adjustment Net StraightLineRentAdjustmentNet	4165000	usd
CY2023Q1	fr	Straight Line Rent Adjustment Net StraightLineRentAdjustmentNet	5498000	usd
CY2024Q1	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	19374000	usd
CY2023Q1	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	12357000	usd
CY2024Q1	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	-703000	usd
CY2023Q1	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	9768000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	62499000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	70318000	usd
CY2024Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	0	usd
CY2023Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	5559000	usd
CY2024Q1	us-gaap	Payments For Leasing Costs Commissions And Tenant Improvements PaymentsForLeasingCostsCommissionsAndTenantImprovements	68376000	usd
CY2023Q1	us-gaap	Payments For Leasing Costs Commissions And Tenant Improvements PaymentsForLeasingCostsCommissionsAndTenantImprovements	94336000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Property Held For Sale ProceedsFromSaleOfPropertyHeldForSale	47787000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Property Held For Sale ProceedsFromSaleOfPropertyHeldForSale	0	usd
CY2024Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	2614000	usd
CY2023Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	2973000	usd
CY2024Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-4172000	usd
CY2023Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	1260000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-19031000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-104128000	usd
CY2024Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2028000	usd
CY2023Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2459000	usd
CY2024Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	43220000	usd
CY2023Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	39713000	usd
CY2024Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	82000	usd
CY2023Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	79000	usd
CY2024Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	102000000	usd
CY2023Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	80000000	usd
CY2024Q1	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	95000000	usd
CY2023Q1	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	66000000	usd
CY2024Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	98000	usd
CY2023Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	11358000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-38428000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-39609000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	5040000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-73419000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	43844000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	145118000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	48884000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	71699000	usd
CY2024Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	2637000	usd
CY2023Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	3981000	usd
CY2024Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	868000	usd
CY2023Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	861000	usd
CY2024Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	200000	usd
CY2023Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	56000	usd
CY2024Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	50695000	usd
CY2023Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	44061000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits	0	usd
CY2024Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	0	usd
CY2023Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	1000	usd
CY2024Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	34731000	usd
CY2023Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	60410000	usd
CY2024Q1	fr	Tenant Improvements Funded By Tenant TenantImprovementsFundedByTenant	0	usd
CY2023Q1	fr	Tenant Improvements Funded By Tenant TenantImprovementsFundedByTenant	2528000	usd
CY2024Q1	fr	Write Off Of Fully Depreciated Assets WriteOffOfFullyDepreciatedAssets	10940000	usd
CY2023Q1	fr	Write Off Of Fully Depreciated Assets WriteOffOfFullyDepreciatedAssets	10331000	usd
CY2024Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	421	property
CY2024Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	19	state
CY2024Q1	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	66700000	sqft
CY2024Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	421	property
CY2024Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In order to conform with GAAP, in preparation of our Consolidated Financial Statements we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of March 31, 2024 and December 31, 2023, and the reported amounts of revenues and expenses for the three months ended March 31, 2024 and 2023. Actual results could differ from those estimates. In our opinion, the accompanying unaudited interim Consolidated Financial Statements reflect all adjustments necessary for a fair statement of our financial position as of March 31, 2024 and December 31, 2023, the results of our operations and comprehensive income for each of the three months ended March 31, 2024 and 2023, and our cash flows for each of the three months ended March 31, 2024 and 2023. All adjustments are of a normal recurring nature.</span></div>
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	252000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	606349000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	200364000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	556449000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	190453000	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	685600000	usd
CY2024Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	2239467000	usd
CY2024Q1	us-gaap	Loans Payable Fair Value Disclosure LoansPayableFairValueDisclosure	9514000	usd
CY2023Q4	us-gaap	Loans Payable Fair Value Disclosure LoansPayableFairValueDisclosure	9666000	usd
CY2024Q1	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	894670000	usd
CY2023Q4	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	902042000	usd
CY2024Q1	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	925000000	usd
CY2023Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	925000000	usd
CY2024Q1	us-gaap	Lines Of Credit Fair Value Disclosure LinesOfCreditFairValueDisclosure	306000000	usd
CY2023Q4	us-gaap	Lines Of Credit Fair Value Disclosure LinesOfCreditFairValueDisclosure	299000000	usd
CY2024Q1	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2135184000	usd
CY2023Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2135708000	usd
CY2024Q1	us-gaap	Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred	410000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	68407000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	55920000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	132360000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	132211000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	46000	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	88000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132406000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132299000	shares
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.52
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.52
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.42
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.42
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	102704	shares
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	130728	shares
CY2024Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	9108000	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	6141000	usd
CY2024Q1	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	1804000	usd
CY2023Q1	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	1706000	usd
CY2024Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	18234000	usd
CY2024Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y1M20D
CY2024Q1	fr	Receivable Due From Affiliates ReceivableDueFromAffiliates	9270000	usd
CY2023Q4	fr	Receivable Due From Affiliates ReceivableDueFromAffiliates	9288000	usd
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false

Files In Submission

Name	View Source	Status
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0000921825-24-000044-index.html	Edgar Link	pending
0000921825-24-000044.txt	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
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fr-20240331_lab.xml	Edgar Link	unprocessable
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R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$FR
FIRST INDUSTRIAL REALTY TRUST INC Stock $fr

2024 Q2 Form 10-Q Financial Statement

#000092182524000044 Filed on April 19, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FR FIRST INDUSTRIAL REALTY TRUST INC Stock $fr

2024 Q2 Form 10-Q Financial Statement

#000092182524000044 Filed on April 19, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FR
FIRST INDUSTRIAL REALTY TRUST INC Stock $fr