CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 243,881 $ 167,334 $ 208,301
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation 98,333 94,626 94,078
Amortization of Debt Issuance Costs 3,218 3,404 3,162
Other Amortization, including Stock Based Compensation 28,780 26,976 29,252
Impairment of Real Estate 0 2,756 0
Provision for Bad Debt 0 350 177
Equity in (Income) Loss of Joint Venture (16,235) 276 0
Distributions from Joint Venture 15,959 0 0
Gain on Sale of Real Estate [1] (124,942) (81,600) (131,269)
Loss from Retirement of Debt 0 39 1,775
Gain on Casualty and Involuntary Conversion 0 (392) (1,321)
Payments to Settle Derivative Instruments (3,149) 0 0
Straight-line Rental Income and Expense, Net (10,884) (2,165) (5,299)
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net and Operating Lease Right-of-Use Assets (11,523) (4,199) (5,829)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits and Operating Lease Liabilities 22,095 3,090 (465)
Net Cash Provided by Operating Activities 245,533 210,495 192,562
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of Real Estate (152,744) (157,787) (175,303)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (294,633) (224,466) (146,003)
Net Proceeds from Sales of Investments in Real Estate 254,416 184,783 228,102
(Increase) Decrease in Escrows (23,113) (1,326) 564
Proceeds from Casualty and Involuntary Conversion 0 906 10,094
Contributions to and Investments in Joint Venture (210) (25,190) 0
Distributions from Joint Venture 8,711 1,829 0
Other Investing Activity 2,187 (2,147) 51
Net Cash Used in Investing Activities (205,386) (223,398) (82,495)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Financing and Equity Issuance Costs (954) (2,975) (6,864)
Proceeds from the Issuance of Common Stock/Contribution of General Partner Units 0 145,584 74,880
Tax Paid on Shares Withheld (4,384) (6,020) (2,401)
Common Stock Dividends and Unit Distributions Paid (117,214) (109,649) (100,524)
Repayments on Mortgage Loans Payable (123,250) (165,646) (46,832)
Prepayments of Penalties Associated with Retirement of Debt 0 0 (1,453)
Proceeds from Senior Unsecured Notes 150,000 300,000 200,000
Repayments of Senior Unsecured Notes 0 0 (156,852)
Proceeds from Unsecured Credit Facility 415,000 237,000 429,000
Repayments on Unsecured Credit Facility (257,000) (381,500) (474,000)
Net Cash Provided by (Used in) Financing Activities 62,198 16,794 (85,046)
Net Increase in Cash, Cash Equivalents and Restricted Cash 102,345 3,891 25,021
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 50,373 46,482 21,461
Cash, Cash Equivalents and Restricted Cash, End of Year 152,718 50,373 46,482
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:      
Interest Paid, Net of Interest Expense Capitalized in Connection with Development Activity 47,801 47,408 56,844
Interest Expense Capitalized in Connection with Development Activity 5,757 5,869 4,353
Income Taxes Paid 3,583 457 769
Cash Paid for Operating Lease Liabilities 2,084 0 0
Supplemental Schedule of Non-Cash Operating Activities:      
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets 22,871 0 0
Supplemental Schedule of Non-Cash Investing and Financing Activities:      
Dividends and Distributions Payable 30,567 28,845 27,016
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:      
Land (957,478) (909,318)  
Deferred Rent Receivables, Net (77,703) (71,079)  
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate 1,466 11,878 1,269
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 51,107 31,545 38,597
Write-off of Fully Depreciated Assets (37,892) (43,654) (35,560)
Sales Type Lease      
Lease Reclassification from Operating Lease to Sales-Type Lease:      
Sales-type Lease, Lease Receivable 54,521 0 0
Land (24,803) 0 0
Building Net Of Accumulated Depreciation (17,845) 0 0
Deferred Rent Receivables, Net (2,073) 0 0
Other Assets Net Of Accumulated Amortization (1,194) 0 0
Sales-type Lease, Selling Profit (Loss) 8,606 0 0
Noncontrolling Interest      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 5,106 4,095 6,845
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units (7,196) (16,605) (364)
Common Stock      
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units 5 13 0
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 7,191 16,592 364
First Industrial, L.P.      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 243,881 167,334 208,301
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation 98,333 94,626 94,078
Amortization of Debt Issuance Costs 3,218 3,404 3,162
Other Amortization, including Stock Based Compensation 28,780 26,976 29,252
Impairment of Real Estate 0 2,756 0
Provision for Bad Debt 0 350 177
Equity in (Income) Loss of Joint Venture (16,235) 276 0
Distributions from Joint Venture 15,959 0 0
Gain on Sale of Real Estate (124,942) (81,600) (131,269)
Loss from Retirement of Debt 0 39 1,775
Gain on Casualty and Involuntary Conversion 0 (392) (1,321)
Payments to Settle Derivative Instruments (3,149) 0 0
Straight-line Rental Income and Expense, Net (10,884) (2,165) (5,299)
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net and Operating Lease Right-of-Use Assets (11,436) (4,189) (5,510)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits and Operating Lease Liabilities 22,095 3,090 (465)
Net Cash Provided by Operating Activities 245,620 210,505 192,881
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of Real Estate (152,744) (157,787) (175,303)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (294,633) (224,466) (146,003)
Net Proceeds from Sales of Investments in Real Estate 254,416 184,783 228,102
(Increase) Decrease in Escrows (23,113) (1,326) 565
Proceeds from Casualty and Involuntary Conversion 0 906 10,094
Contributions to and Investments in Joint Venture (210) (25,190) 0
Distributions from Joint Venture 8,711 1,829 0
Other Investing Activity 2,187 (2,147) 51
Net Cash Used in Investing Activities (205,386) (223,398) (82,494)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Financing and Equity Issuance Costs (954) (2,975) (6,864)
Proceeds from the Issuance of Common Stock/Contribution of General Partner Units 0 145,584 74,880
Tax Paid on Shares Withheld (4,384) (6,020) (2,401)
Common Stock Dividends and Unit Distributions Paid (117,214) (109,649) (100,524)
Contributions from Noncontrolling Interests 32 126 40
Distributions to Noncontrolling Interests (119) (136) (360)
Repayments on Mortgage Loans Payable (123,250) (165,646) (46,832)
Prepayments of Penalties Associated with Retirement of Debt 0 0 (1,453)
Proceeds from Senior Unsecured Notes 150,000 300,000 200,000
Repayments of Senior Unsecured Notes 0 0 (156,852)
Proceeds from Unsecured Credit Facility 415,000 237,000 429,000
Repayments on Unsecured Credit Facility (257,000) (381,500) (474,000)
Net Cash Provided by (Used in) Financing Activities 62,111 16,784 (85,366)
Net Increase in Cash, Cash Equivalents and Restricted Cash 102,345 3,891 25,021
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 50,373 46,482 21,461
Cash, Cash Equivalents and Restricted Cash, End of Year 152,718 50,373 46,482
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:      
Interest Paid, Net of Interest Expense Capitalized in Connection with Development Activity 47,801 47,408 56,844
Interest Expense Capitalized in Connection with Development Activity 5,757 5,869 4,353
Income Taxes Paid 3,583 457 769
Cash Paid for Operating Lease Liabilities 2,084 0 0
Supplemental Schedule of Non-Cash Operating Activities:      
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets 22,871 0 0
Supplemental Schedule of Non-Cash Investing and Financing Activities:      
Dividends and Distributions Payable 30,567 28,845 27,016
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:      
Land (957,478) (909,318)  
Deferred Rent Receivables, Net (77,703) (71,079)  
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate 1,466 11,878 1,269
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 51,107 31,545 38,597
Write-off of Fully Depreciated Assets (37,892) (43,654) (35,560)
First Industrial, L.P. | Sales Type Lease      
Lease Reclassification from Operating Lease to Sales-Type Lease:      
Sales-type Lease, Lease Receivable 54,521 0 0
Land (24,803) 0 0
Building Net Of Accumulated Depreciation (17,845) 0 0
Deferred Rent Receivables, Net (2,073) 0 0
Other Assets Net Of Accumulated Amortization (1,194) 0 0
Sales-type Lease, Selling Profit (Loss) 8,606 0 0
First Industrial, L.P. | Limited Partner Units      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 5,106 4,095 6,845
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units (7,196) (16,605) (364)
First Industrial, L.P. | General Partner Units      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 238,522 163,151 201,313
Exchange of Limited Partner Units for Common Stock/General Partner Units      
Conversion of Limited Partner Units to Common Stock / General Partner Units $ 7,196 $ 16,605 $ 364
[1]
(B) Gross proceeds and gain on sale of real estate include the sale of several land parcels for the years ended December 31, 2019, 2018 and 2017. In addition, included in the above table for the year ended December 31, 2019, is gross proceeds of $54,521 and gain on sale of $8,606 related to the reclassification of a lease from an operating lease to a sales-type lease. See Note 10 for additional information.