First Industrial Realty Trust Inc. (FR) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 NORTH WACKER DRIVE
CHICAGO, IL 60606
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43,844133,24458,591162,09021,12043,102
Cash and cash equivalents43,844133,24458,591162,09021,12043,102
Total current assets:43,844133,24458,591162,09021,12043,102
Noncurrent Assets
Operating lease, right-of-use asset24,21124,58024,92725,20524,877
Property, plant and equipment1,756,9711,646,1791,387,1981,087,907957,478909,318
Long-term investments and receivables44,6638,82236,04945,69718,20823,326
Long-term investments44,6638,82236,04945,69718,20823,326
Intangible assets, net (including goodwill) 21,51824,09021,31625,21128,53329,678
Intangible assets, net (excluding goodwill) 21,51824,09021,31625,21128,53329,678
Total noncurrent assets:1,847,3631,703,6711,469,4901,184,0201,029,096962,322
Other undisclosed assets3,284,5583,117,4072,651,0172,445,8282,468,6122,137,267
TOTAL ASSETS:5,175,7654,954,3224,179,0983,791,9383,518,8283,142,691
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt  15,1529,25211,06411,8939,560
Off-market lease, unfavorable  15,1529,25211,06411,8939,560
Total noncurrent liabilities:  15,1529,25211,06411,8939,560
Other undisclosed liabilities2,540,6602,408,8711,921,4741,833,5541,708,6721,453,220
Total liabilities:2,540,6602,424,0231,930,7261,844,6181,720,5651,462,780
Equity
Equity, attributable to parent, including:2,562,9752,459,1982,194,8121,902,7341,764,3991,645,514
Common stock1,3231,3211,3171,2901,2701,263
Additional paid in capital2,411,6732,401,3342,376,0262,224,6912,140,8472,131,556
Accumulated other comprehensive income (loss)22,27233,412(4,238)(16,953)(6,883)3,502
Retained earnings127,70723,131    
Other undisclosed equity, attributable to parent   (178,293)(306,294)(370,835)(490,807)
Equity, attributable to noncontrolling interest72,13071,10153,56044,58633,86434,397
Total equity:2,635,1052,530,2992,248,3721,947,3201,798,2631,679,911
TOTAL LIABILITIES AND EQUITY:5,175,7654,954,3224,179,0983,791,9383,518,8283,142,691

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues614,027539,929476,290448,028425,984403,954
Operating leases, income statement, lease revenue306,406
Operating lease, lease income602,294532,237473,236  
Cost of revenue(169,322)(144,572)(131,300)(119,195)  
Cost of goods and services sold(165,655)(143,663)(131,300)(119,195)  
Gross profit:444,705395,357344,990328,833425,984403,954
Operating expenses(200,072)(181,392)(165,563)(162,486)(266,383)(263,818)
Operating income:244,633213,965179,427166,347159,601140,136
Nonoperating income17,68976,068102,78432,03071,45127,382
Investment income, nonoperating95,650128,268150,31086,751124,94281,600
Unusual or infrequent item, or both, net (gain) loss    6,476  
Interest and debt expense    (3,428)(50,273)(39)
Other undisclosed income from continuing operations before equity method investments, income taxes    3,42850,27339
Income from continuing operations before equity method investments, income taxes:262,322290,033282,211198,377231,052167,518
Income (loss) from equity method investments32,207114,942(161)4,20016,235(276)
Income from continuing operations before income taxes:294,529404,975282,050202,577247,287167,242
Income tax expense (benefit)(8,692)(23,363)(4,879)(2,408)(3,406)92
Income from continuing operations:285,837381,612277,171200,169243,881167,334
Income before gain (loss) on sale of properties:277,171200,169243,881167,334
Other undisclosed net loss    (6,476)  
Net income:285,837381,612277,171200,169243,881167,334
Net loss attributable to noncontrolling interest(11,021)(22,478)(6,174)(4,180)(5,106)(4,095)
Net income attributable to parent:274,816359,134270,997195,989238,775163,239
Other undisclosed net loss available to common stockholders, basic(232)(348)(299)(314)(518)(513)
Net income available to common stockholders, diluted:274,584358,786270,698195,675238,257162,726

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:285,837381,612277,171200,169243,881167,334
Other comprehensive income (loss)(11,344)38,51712,977(10,295)(10,587)2,192
Other undisclosed comprehensive loss      
Comprehensive income:274,493420,129290,148189,874233,294169,526
Comprehensive loss, net of tax, attributable to noncontrolling interest(10,736)(23,366)(6,464)(3,964)(4,884)(4,149)
Comprehensive income, net of tax, attributable to parent:263,757396,763283,684185,910228,410165,377

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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