FIRST INDUSTRIAL LP
For the period ended Jun 30, 2026. Filed Jul 23, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 23, 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 six months ended June 30, 2026:
| Derivative Instruments | Accumulated Other Comprehensive Income of the Operating Partnership | Comprehensive (Loss) Income Attributable to Noncontrolling Interest of the Company | Accumulated Other Comprehensive Income of the Company | |
|---|---|---|---|---|
| Balance as of December 31, 2025 | $3,256 | $3,256 | $(97) | $3,159 |
| Other Comprehensive Income (Loss) Before Reclassifications | 11,458 | 11,458 | (285) | 11,173 |
| Amounts Reclassified from Accumulated Other Comprehensive Income | (3,007) | (3,007) | — | (3,007) |
| Net Current Period Other Comprehensive Income | 8,451 | 8,451 | (285) | 8,166 |
| Balance as of June 30, 2026 | $11,707 | $11,707 | $(382) | $11,325 |
The following table summarizes the reclassifications out of accumulated other comprehensive income for both the Company and the Operating Partnership for the three and six months ended June 30, 2026 and 2025:
| Amounts Reclassified from Accumulated Other Comprehensive (Income) Loss | |||||
|---|---|---|---|---|---|
| Details about Accumulated Other Comprehensive (Income) Loss Components | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | Affected Line Items in the Consolidated Statements of Operations |
| Derivative Instruments: | |||||
| Amortization of Previously Settled Derivative Instruments | $115 | $109 | $230 | $211 | Interest Expense |
| Net Settlement Receipts from our Counterparties | (1,374) | (3,799) | (3,237) | (7,579) | Interest Expense |
| Total | $(1,259) | $(3,690) | $(3,007) | $(7,368) | |
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 $7,667 will be reclassified to net income as a decrease to interest expense.
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