FIRST INDUSTRIAL LP
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
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FY2025 · Filed Feb 11, 2026
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7. Accumulated Other Comprehensive Income (Loss)
- Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in accumulated other comprehensive income (loss) by component for the Company and the Operating Partnership for the years ended December 31, 2025 and 2024:
| Derivative Instruments | Total for Operating Partnership | Comprehensive (Loss) Income Attributable to Noncontrolling Interest | Total for Company | |
|---|---|---|---|---|
| Balance as of December 31, 2023 | $22,842 | $22,842 | $(570) | $22,272 |
| Other Comprehensive Income Before Reclassifications | 20,410 | 20,410 | 21 | 20,431 |
| Amounts Reclassified from Accumulated Other Comprehensive Income | (22,767) | (22,767) | — | (22,767) |
| Net Current Period Other Comprehensive Loss | (2,357) | (2,357) | 21 | (2,336) |
| Balance as of December 31, 2024 | $20,485 | $20,485 | $(549) | $19,936 |
| Other Comprehensive (Loss) Income Before Reclassifications | (2,996) | (2,996) | 452 | (2,544) |
| Amounts Reclassified from Accumulated Other Comprehensive Income | (14,233) | (14,233) | — | (14,233) |
| Net Current Period Other Comprehensive Loss | (17,229) | (17,229) | 452 | (16,777) |
| Balance as of December 31, 2025 | $3,256 | $3,256 | $(97) | $3,159 |
The following table summarizes the reclassifications out of accumulated other comprehensive income for both the Company and the Operating Partnership for the years ended December 31, 2025, 2024 and 2023:
| Amounts Reclassified from Accumulated Other Comprehensive (Income) Loss | ||||
|---|---|---|---|---|
| Accumulated Other Comprehensive (Income) Loss Components | Year Ended December 31, 2025 | Year Ended December 31, 2024 | Year Ended December 31, 2023 | Affected Line Items in the Consolidated Statements of Operations |
| Derivative Instruments: | ||||
| Amortization of Previously Settled Derivative Instruments | $442 | $410 | $410 | Interest Expense |
| Net Settlement Receipts from our Counterparties | (14,675) | (23,177) | (21,583) | Interest Expense |
| $(14,233) | $(22,767) | $(21,173) | Total | |
The change in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in other comprehensive income and is subsequently reclassified to earnings through interest expense over the life of the derivative or over the life of the debt. In the next 12 months, we estimate that approximately $3,100 will be reclassified to net income as a decrease to interest expense.
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