CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands |
Dec. 31, 2019 |
Dec. 31, 2018 |
| Investment in Real Estate: |
|
|
| Land |
$ 957,478
|
$ 909,318
|
| Buildings and Improvements |
2,782,430
|
2,704,850
|
| Construction in Progress |
90,301
|
59,476
|
| Less: Accumulated Depreciation |
(804,780)
|
(811,784)
|
| Net Investment in Real Estate |
3,025,429
|
2,861,860
|
| Operating Lease Right-of-Use Assets |
24,877
|
0
|
| Cash and Cash Equivalents |
21,120
|
43,102
|
| Restricted Cash |
131,598
|
7,271
|
| Tenant Accounts Receivable, Net |
8,529
|
5,185
|
| Investment in Joint Venture |
18,208
|
23,326
|
| Deferred Rent Receivable, Net |
77,703
|
71,079
|
| Deferred Leasing Intangibles, Net |
28,533
|
29,678
|
| Prepaid Expenses and Other Assets, Net |
182,831
|
101,190
|
| Total Assets |
3,518,828
|
3,142,691
|
| Indebtedness: |
|
|
| Mortgage Loans Payable, Net |
173,685
|
296,470
|
| Senior Unsecured Notes, Net |
694,015
|
544,504
|
| Unsecured Term Loans, Net |
457,865
|
456,809
|
| Unsecured Credit Facility |
158,000
|
0
|
| Accounts Payable, Accrued Expenses and Other Liabilities |
114,637
|
78,665
|
| Operating Lease Liabilities |
22,369
|
0
|
| Deferred Leasing Intangibles, Net |
11,893
|
9,560
|
| Rents Received in Advance and Security Deposits |
57,534
|
47,927
|
| Dividends and Distributions Payable |
30,567
|
28,845
|
| Total Liabilities |
1,720,565
|
1,462,780
|
| Commitments and Contingencies |
0
|
0
|
| 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 126,994,478 and 126,307,431 shares issued and outstanding) |
1,270
|
1,263
|
| Additional Paid-in-Capital |
2,140,847
|
2,131,556
|
| Distributions in Excess of Accumulated Earnings |
(370,835)
|
(490,807)
|
| Accumulated Other Comprehensive (Loss) Income |
(6,883)
|
3,502
|
| Total First Industrial Realty Trust, Inc.'s Stockholders' Equity |
1,764,399
|
1,645,514
|
| Noncontrolling Interest |
33,864
|
34,397
|
| Total Equity |
1,798,263
|
1,679,911
|
| Total Liabilities and Equity/Partners' Capital |
3,518,828
|
3,142,691
|
| First Industrial, L.P. |
|
|
| Investment in Real Estate: |
|
|
| Land |
957,478
|
909,318
|
| Buildings and Improvements |
2,782,430
|
2,704,850
|
| Construction in Progress |
90,301
|
59,476
|
| Less: Accumulated Depreciation |
(804,780)
|
(811,784)
|
| Net Investment in Real Estate |
3,025,429
|
2,861,860
|
| Operating Lease Right-of-Use Assets |
24,877
|
0
|
| Cash and Cash Equivalents |
21,120
|
43,102
|
| Restricted Cash |
131,598
|
7,271
|
| Tenant Accounts Receivable, Net |
8,529
|
5,185
|
| Investment in Joint Venture |
18,208
|
23,326
|
| Deferred Rent Receivable, Net |
77,703
|
71,079
|
| Deferred Leasing Intangibles, Net |
28,533
|
29,678
|
| Prepaid Expenses and Other Assets, Net |
192,852
|
111,298
|
| Total Assets |
3,528,849
|
3,152,799
|
| Indebtedness: |
|
|
| Mortgage Loans Payable, Net |
173,685
|
296,470
|
| Senior Unsecured Notes, Net |
694,015
|
544,504
|
| Unsecured Term Loans, Net |
457,865
|
456,809
|
| Unsecured Credit Facility |
158,000
|
0
|
| Accounts Payable, Accrued Expenses and Other Liabilities |
114,637
|
78,665
|
| Operating Lease Liabilities |
22,369
|
0
|
| Deferred Leasing Intangibles, Net |
11,893
|
9,560
|
| Rents Received in Advance and Security Deposits |
57,534
|
47,927
|
| Dividends and Distributions Payable |
30,567
|
28,845
|
| Total Liabilities |
1,720,565
|
1,462,780
|
| Commitments and Contingencies |
0
|
0
|
| First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial L.P.'s Partners' Capital: |
|
|
| General Partner Units (126,994,478 and 126,307,431 units outstanding) |
1,750,656
|
1,619,342
|
| Limited Partners Units (2,422,744 and 2,624,167 units outstanding) |
63,618
|
66,246
|
| Accumulated Other Comprehensive (Loss) Income |
(7,013)
|
3,574
|
| Total First Industrial L.P.'s Partners' Capital |
1,807,261
|
1,689,162
|
| Noncontrolling Interest |
1,023
|
857
|
| Total Partners' Capital |
1,808,284
|
1,690,019
|
| Total Liabilities and Equity/Partners' Capital |
$ 3,528,849
|
$ 3,152,799
|