FIRST INDUSTRIAL REALTY TRUST INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
FR$54.93+2.2%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
| December 31, 2024* | December 31, 2023* | |
|---|---|---|
| (In thousands) | ||
| ASSETS | ||
| Assets: | ||
| Investment in Real Estate: | ||
| Land | $24,161 | $24,161 |
| Building and Improvements | 196,293 | — |
| Construction in Progress | 2,810 | 154,932 |
| Less: Accumulated Depreciation | (3,562) | — |
| Net Investment in Real Estate | 219,702 | 179,093 |
| Cash and Cash Equivalents | 24,863 | 30,876 |
| Tenant Accounts Receivable | 395 | — |
| Deferred Rent Receivable | 2,922 | — |
| Leasing Commissions, Net | 6,121 | 3,342 |
| Prepaid Expenses and Other Assets | 166 | 1,365 |
| Total Assets | $254,169 | $214,676 |
| LIABILITIES AND MEMBERS' CAPITAL | ||
| Liabilities: | ||
| Construction Loan, Net | $130,842 | $94,981 |
| Due to Related Party | 247 | 138 |
| Liabilities Related to Sold Properties | 7,842 | 15,513 |
| Deferred Gain on Sale | 784 | 1,551 |
| Accounts Payable, Accrued Expenses and Other Liabilities | 22,613 | 28,755 |
| Rents Received in Advance | 7,900 | 1,702 |
| Total Liabilities | 170,228 | 142,640 |
| Members' Capital | 83,941 | 72,036 |
| Total Liabilities and Members' Capital | $254,169 | $214,676 |
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