First Industrial Realty Trust (FR) 10-Q 2 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	FR
Entity Registrant Name	FIRST INDUSTRIAL REALTY TRUST INC
Entity Central Index Key	921,825
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		110,744,317
First Industrial, L.P.
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	FRFI
Entity Registrant Name	FIRST INDUSTRIAL LP
Entity Central Index Key	1,033,128
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding	0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Investment in Real Estate:
Land	$ 740,989	$ 718,188
Buildings and Improvements	2,467,125	2,439,887
Construction in Progress	60,306	25,294
Less: Accumulated Depreciation	(820,322)	(786,978)
Net Investment in Real Estate	2,448,098	2,396,391
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $3,463 and $0	7,460	0
Cash and Cash Equivalents	66,939	9,500
Restricted Cash	0	1,829
Tenant Accounts Receivable, Net	5,935	7,356
Investment in Joint Venture	0	71
Deferred Rent Receivable, Net	62,918	58,130
Deferred Financing Costs, Net	13,039	10,448
Deferred Leasing Intangibles, Net	31,173	33,526
Prepaid Expenses and Other Assets, Net	71,118	64,744
Total Assets	2,706,680	2,581,995
Indebtedness:
Mortgage Loans Payable, Net	590,912	599,985
Senior Unsecured Notes, Net	364,932	364,861
Unsecured Term Loans	460,000	200,000
Unsecured Credit Facility	55,000	185,000
Accounts Payable, Accrued Expenses and Other Liabilities	89,639	79,733
Deferred Leasing Intangibles, Net	12,045	12,726
Rents Received in Advance and Security Deposits	39,322	36,914
Dividend Payable	15,096	11,949
Total Liabilities	1,626,946	1,491,168
Commitments and Contingencies	0	0
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial L.P.'s Partners' Capital:
Common Stock ($0.01 par value, 150,000,000 shares authorized, 115,069,179 and 114,924,980 shares issued and 110,745,065 and 110,600,866 shares outstanding)	1,151	1,149
Additional Paid-in-Capital	1,876,258	1,872,336
Distributions in Excess of Accumulated Earnings	(683,413)	(670,650)
Accumulated Other Comprehensive Loss	(15,585)	(13,867)
Treasury Shares at Cost (4,324,114 shares)	(140,018)	(140,018)
Total First Industrial Realty Trust, Inc.’s Stockholders’ Equity	1,038,393	1,048,950
Noncontrolling Interest	41,341	41,877
Total Equity	1,079,734	1,090,827
Total Liabilities and Equity	2,706,680	2,581,995
First Industrial, L.P.
Investment in Real Estate:
Land	740,989	718,188
Buildings and Improvements	2,467,125	2,439,887
Construction in Progress	60,306	25,294
Less: Accumulated Depreciation	(820,322)	(786,978)
Net Investment in Real Estate	2,448,098	2,396,391
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $3,463 and $0	7,460	0
Cash and Cash Equivalents	66,939	9,485
Restricted Cash	0	1,829
Tenant Accounts Receivable, Net	5,935	7,356
Investment in Joint Venture	0	71
Deferred Rent Receivable, Net	62,918	58,130
Deferred Financing Costs, Net	13,039	10,448
Deferred Leasing Intangibles, Net	31,173	33,526
Prepaid Expenses and Other Assets, Net	81,931	75,472
Total Assets	2,717,493	2,592,708
Indebtedness:
Mortgage Loans Payable, Net	590,912	599,985
Senior Unsecured Notes, Net	364,932	364,861
Unsecured Term Loans	460,000	200,000
Unsecured Credit Facility	55,000	185,000
Accounts Payable, Accrued Expenses and Other Liabilities	89,639	79,683
Deferred Leasing Intangibles, Net	12,045	12,726
Rents Received in Advance and Security Deposits	39,322	36,914
Dividend Payable	15,096	11,949
Total Liabilities	1,626,946	1,491,118
Commitments and Contingencies	0	0
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial L.P.'s Partners' Capital:
General Partner Units (110,745,065 and 110,600,866 units outstanding)	1,025,437	1,034,129
Limited Partners Units (4,363,625 and 4,374,637 units outstanding)	80,179	80,757
Accumulated Other Comprehensive Loss	(16,200)	(14,376)
Total First Industrial L.P.'s Partners’ Capital	1,089,416	1,100,510
Noncontrolling Interest	1,131	1,080
Total Partners’ Capital	1,090,547	1,101,590
Total Liabilities and Equity	$ 2,717,493	$ 2,592,708

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Real Estate and Other Assets Held for Sale, Accumulated Depreciation and Amortization	$ 3,463	$ 0
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	150,000,000	150,000,000
Common Stock, shares issued	115,069,179	114,924,980
Common Stock, shares outstanding	110,745,065	110,600,866
Treasury Shares at Cost, shares	4,324,114	4,324,114
First Industrial, L.P.
Real Estate and Other Assets Held for Sale, Accumulated Depreciation and Amortization	$ 3,463	$ 0
General Partner Units, outstanding	110,745,065	110,600,866
Limited Partner Units, outstanding	4,363,625	4,374,637

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Rental Income	$ 71,148	$ 66,276	$ 209,244	$ 191,866
Tenant Recoveries and Other Income	21,009	20,085	63,311	62,400
Total Revenues	92,157	86,361	272,555	254,266
Expenses:
Property Expenses	28,044	27,262	85,662	84,499
General and Administrative	5,900	5,389	19,026	17,942
Acquisition Costs	45	0	364	111
Impairment of Real Estate	626	0	626	0
Depreciation and Other Amortization	28,589	27,904	84,939	83,436
Total Expenses	63,204	60,555	190,617	185,988
Other Income (Expense):
Gain on Sale of Real Estate	2,957	0	13,084	0
Interest Income	2	681	59	2,054
Interest Expense	(16,674)	(17,322)	(49,679)	(55,292)
Amortization of Deferred Financing Costs	(781)	(753)	(2,291)	(2,360)
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements	0	0	(11,546)	0
Loss from Retirement of Debt	0	(32)	0	(655)
Total Other Income (Expense)	(14,496)	(17,426)	(50,373)	(56,253)
Income from Continuing Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax Benefit (Provision)	14,457	8,380	31,565	12,025
Equity in (Loss) Income of Joint Ventures	(6)	(14)	61	3,508
Income Tax Benefit (Provision)	14	(103)	(127)	(192)
Income from Continuing Operations	14,465	8,263	31,499	15,341
Discontinued Operations:
Income Attributable to Discontinued Operations	0	504	0	1,642
Gain on Sale of Real Estate	0	13,428	0	14,483
Income from Discontinued Operations	0	13,932	0	16,125
Net Income	14,465	22,195	31,499	31,466
Less: Net Income Attributable to the Noncontrolling Interest	(548)	(868)	(1,197)	(1,137)
Net Income Attributable to Common Stockholders / Unitholders	13,917	21,327	30,302	30,329
Less: Preferred Dividends / Unit Distributions	0	0	0	(1,019)
Less: Redemption of Preferred Stock / Units	0	0	0	(1,462)
Net Income Available to Common Stockholders / Unitholders and Participating Securities	$ 13,917	$ 21,327	$ 30,302	$ 27,848
Basic Earnings Per Share / Unit:
Income from Continuing Operations Available to Common Stockholders / Unitholders	$ 0.13	$ 0.07	$ 0.27	$ 0.11
Income from Discontinued Operations Attributable to Common Stockholders / Unitholders	0	0.12	0	0.14
Net Income Available to Common Stockholders / Unitholders	0.13	0.19	0.27	0.25
Diluted Earnings Per Share / Unit:
Income from Continuing Operations Available to Common Stockholders / Unitholders	0.13	0.07	0.27	0.11
Income from Discontinued Operations Attributable to Common Stockholders / Unitholders	0	0.12	0	0.14
Net Income Available to Common Stockholders / Unitholders	0.13	0.19	0.27	0.25
Distributions Per Share / Unit	$ 0.1275	$ 0.1025	$ 0.3825	$ 0.3075
Weighted Average Shares / Units Outstanding - Basic	110,356	110,072	110,338	109,856
Weighted Average Shares / Units Outstanding - Diluted	110,848	110,271	110,735	110,298
First Industrial, L.P.
Revenues:
Rental Income	$ 71,148	$ 66,276	$ 209,244	$ 191,866
Tenant Recoveries and Other Income	21,009	20,085	63,311	62,400
Total Revenues	92,157	86,361	272,555	254,266
Expenses:
Property Expenses	28,044	27,262	85,662	84,499
General and Administrative	5,900	5,345	18,911	17,835
Acquisition Costs	45	0	364	111
Impairment of Real Estate	626	0	626	0
Depreciation and Other Amortization	28,589	27,904	84,939	83,436
Total Expenses	63,204	60,511	190,502	185,881
Other Income (Expense):
Gain on Sale of Real Estate	2,957	0	13,084	0
Interest Income	2	681	59	2,054
Interest Expense	(16,674)	(17,322)	(49,679)	(55,292)
Amortization of Deferred Financing Costs	(781)	(753)	(2,291)	(2,360)
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements	0	0	(11,546)	0
Loss from Retirement of Debt	0	(32)	0	(655)
Total Other Income (Expense)	(14,496)	(17,426)	(50,373)	(56,253)
Income from Continuing Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax Benefit (Provision)	14,457	8,424	31,680	12,132
Equity in (Loss) Income of Joint Ventures	(6)	(14)	61	3,508
Income Tax Benefit (Provision)	14	(103)	(127)	(192)
Income from Continuing Operations	14,465	8,307	31,614	15,448
Discontinued Operations:
Income Attributable to Discontinued Operations	0	504	0	1,642
Gain on Sale of Real Estate	0	13,428	0	14,483
Income from Discontinued Operations	0	13,932	0	16,125
Net Income	14,465	22,239	31,614	31,573
Less: Net Income Attributable to the Noncontrolling Interest	(27)	(21)	(75)	(50)
Net Income Attributable to Common Stockholders / Unitholders	14,438	22,218	31,539	31,523
Less: Preferred Dividends / Unit Distributions	0	0	0	(1,019)
Less: Redemption of Preferred Stock / Units	0	0	0	(1,462)
Net Income Available to Common Stockholders / Unitholders and Participating Securities	$ 14,438	$ 22,218	$ 31,539	$ 29,042
Basic Earnings Per Share / Unit:
Income from Continuing Operations Available to Common Stockholders / Unitholders	$ 0.13	$ 0.07	$ 0.27	$ 0.11
Income from Discontinued Operations Attributable to Common Stockholders / Unitholders	0	0.12	0	0.14
Net Income Available to Common Stockholders / Unitholders	0.13	0.19	0.27	0.25
Diluted Earnings Per Share / Unit:
Income from Continuing Operations Available to Common Stockholders / Unitholders	0.12	0.07	0.27	0.11
Income from Discontinued Operations Attributable to Common Stockholders / Unitholders	0	0.12	0	0.14
Net Income Available to Common Stockholders / Unitholders	0.12	0.19	0.27	0.25
Distributions Per Share / Unit	$ 0.1275	$ 0.1025	$ 0.3825	$ 0.3075
Weighted Average Shares / Units Outstanding - Basic	114,720	114,512	114,705	114,346
Weighted Average Shares / Units Outstanding - Diluted	115,212	114,711	115,102	114,788

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Income	$ 14,465	$ 22,195	$ 31,499	$ 31,466
Net Income Attributable to Unitholders	13,917	21,327	30,302	30,329
Mark-to-Market (Loss) Gain on Interest Rate Protection Agreements	(8,393)	3,592	(15,181)	(905)
Reclassification of Fair Value of Interest Rate Protection Agreements (See Note 9)	0	0	12,990	0
Amortization of Interest Rate Protection Agreements	131	131	393	1,227
Foreign Currency Translation Adjustment	0	(71)	15	(76)
Comprehensive Income	6,203	25,847	29,716	31,712
Comprehensive Income Attributable to Noncontrolling Interest	(234)	(1,012)	(1,129)	(1,147)
Comprehensive Income Attributable to Common Stockholders / Unitholders	5,969	24,835	28,587	30,565
First Industrial, L.P.
Net Income	14,465	22,239	31,614	31,573
Net Income Attributable to Unitholders	14,438	22,218	31,539	31,523
Mark-to-Market (Loss) Gain on Interest Rate Protection Agreements	(8,393)	3,592	(15,181)	(905)
Reclassification of Fair Value of Interest Rate Protection Agreements (See Note 9)	0	0	12,990	0
Amortization of Interest Rate Protection Agreements	131	131	393	1,227
Foreign Currency Translation Adjustment	0	(71)	(26)	(76)
Comprehensive Income Attributable to Common Stockholders / Unitholders	$ 6,176	$ 25,870	$ 29,715	$ 31,769

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY/PARTNERS' CAPITAL - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in-Capital	Distributions in Excess of Accumulated Earnings	Accumulated Other Comprehensive Loss	Treasury Shares At Cost	Noncontrolling Interest	First Industrial, L.P.	First Industrial, L.P.General Partner Units	First Industrial, L.P.Limited Partner Units	First Industrial, L.P.Accumulated Other Comprehensive Loss	First Industrial, L.P.Noncontrolling Interest
Beginning Balance at Dec. 31, 2013												$ 1,095
Increase (Decrease) in Stockholders' Equity / Partners' Capital [Roll Forward]
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units	$ 0	$ 2	$ 1,695				$ (1,697)	$ 0	$ 1,697	$ (1,697)
Reallocation - Additional Paid-in-Capital							(48)
Contributions from Noncontrolling Interest												57
Distributions to Noncontrolling Interest							(1,368)					(388)
Net Income	31,466							31,573
Other Comprehensive Loss							16
Ending Balance at Sep. 30, 2014												814
Beginning Balance at Dec. 31, 2014	1,090,827	1,149	1,872,336	$ (670,650)	$ (13,867)	$ (140,018)	41,877
Beginning Balance at Dec. 31, 2014								1,101,590	1,034,129	80,757	$ (14,376)	1,080
Increase (Decrease) in Stockholders' Equity / Partners' Capital [Roll Forward]
Stock Based Compensation Activity	3,474	2	3,923	(451)
Stock Based Compensation Activity								3,474	3,474
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units	0	0	106				(106)	0	106	(106)
Reallocation - Additional Paid-in-Capital	0		(107)				107
Common Stock and Unit Distributions	(44,283)			(42,614)			(1,669)
Common Unit Distributions								(44,283)	(42,614)	(1,669)
Contributions from Noncontrolling Interest								61				61
Distributions to Noncontrolling Interest							(1,669)	(85)				(85)
Net Income	31,499			30,302			1,197	31,614	30,342	1,197		75
Other Comprehensive Loss	(1,783)				(1,718)		(65)	(1,824)			(1,824)
Ending Balance at Sep. 30, 2015	$ 1,079,734	$ 1,151	$ 1,876,258	$ (683,413)	$ (15,585)	$ (140,018)	$ 41,341
Ending Balance at Sep. 30, 2015								$ 1,090,547	$ 1,025,437	$ 80,179	$ (16,200)	$ 1,131

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 31,499	$ 31,466
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation	69,592	70,109
Amortization of Deferred Financing Costs	2,291	2,360
Other Amortization	21,205	23,476
Impairment of Real Estate	626	0
Provision for Bad Debt	748	1,069
Equity in Income of Joint Ventures	(61)	(3,508)
Distributions from Joint Ventures	0	1,881
Gain on Sale of Real Estate	(13,084)	(14,483)
Loss from Retirement of Debt	0	655
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements	11,546	0
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net	(3,897)	(4,369)
Increase in Deferred Rent Receivable	(5,325)	(1,224)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits	5,550	(919)
Payments of Discounts and Prepayment Penalties Associated with Retirement of Debt	0	(10,650)
Net Cash Provided by Operating Activities	120,690	95,863
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions of Real Estate	(73,179)	(53,211)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs	(100,799)	(83,818)
Net Proceeds from Sales of Investments in Real Estate	48,393	56,622
Contributions to and Investments in Joint Ventures	(200)	(28)
Distributions from Joint Ventures	126	2,469
Settlement of Interest Rate Protection Agreements	(11,546)	0
Repayments of Notes Receivable	2,760	49,761
Increase in Escrows	(1,619)	(515)
Net Cash Used in Investing Activities	(136,064)	(28,720)
CASH FLOWS FROM FINANCING ACTIVITIES:
Debt and Equity Issuance and Redemption Costs	(4,882)	(2,411)
Repurchase and Retirement of Restricted Stock / Units	(2,101)	(4,667)
Common Stock and Unit Distributions Paid	(41,136)	(33,367)
Preferred Dividends Paid	0	(1,471)
Redemption of Preferred Stock / Units	0	(75,000)
Repayments on Mortgage Loans Payable	(9,054)	(74,944)
Repayments of Senior Unsecured Notes	0	(71,578)
Proceeds from Unsecured Term Loans	260,000	200,000
Proceeds from Unsecured Credit Facility	210,000	307,000
Repayments on Unsecured Credit Facility	(340,000)	(304,000)
Net Cash Provided by (Used in) Financing Activities	72,827	(60,438)
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents	(14)	(23)
Net Increase in Cash and Cash Equivalents	57,453	6,705
Cash and Cash Equivalents, Beginning of Year	9,500	7,577
Cash and Cash Equivalents, End of Year	66,939	14,259
Supplemental Cash Flow Information [Abstract]
Interest Expense Capitalized in Connection with Development Activity	1,685	1,030
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Distribution Payable	15,096	11,886
Exchange Of Operating Partnership / Limited Partnership Units For Common Stock / General Partnership Units [Abstract]
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units	0	0
Assumption of Liabilities in Connection with the Acquisition of Real Estate	608	294
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate	20,355	23,785
Write-off of Fully Depreciated Assets	(28,609)	(29,090)
Noncontrolling Interest
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	1,197
Exchange Of Operating Partnership / Limited Partnership Units For Common Stock / General Partnership Units [Abstract]
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units	(106)	(1,697)
Common Stock
Exchange Of Operating Partnership / Limited Partnership Units For Common Stock / General Partnership Units [Abstract]
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units	0	2
Additional Paid-in-Capital
Exchange Of Operating Partnership / Limited Partnership Units For Common Stock / General Partnership Units [Abstract]
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units	106	1,695
First Industrial, L.P.
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	31,614	31,573
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation	69,592	70,109
Amortization of Deferred Financing Costs	2,291	2,360
Other Amortization	21,205	23,476
Impairment of Real Estate	626	0
Provision for Bad Debt	748	1,069
Equity in Income of Joint Ventures	(61)	(3,508)
Distributions from Joint Ventures	0	1,881
Gain on Sale of Real Estate	(13,084)	(14,483)
Loss from Retirement of Debt	0	655
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements	11,546	0
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net	(3,982)	(3,894)
Increase in Deferred Rent Receivable	(5,325)	(1,224)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits	5,559	(915)
Payments of Discounts and Prepayment Penalties Associated with Retirement of Debt	0	(10,650)
Net Cash Provided by Operating Activities	120,729	96,449
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions of Real Estate	(73,179)	(53,211)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs	(100,799)	(83,818)
Net Proceeds from Sales of Investments in Real Estate	48,393	56,622
Contributions to and Investments in Joint Ventures	(200)	(28)
Distributions from Joint Ventures	126	2,469
Settlement of Interest Rate Protection Agreements	(11,546)	0
Repayments of Notes Receivable	2,760	49,761
Increase in Escrows	(1,619)	(770)
Net Cash Used in Investing Activities	(136,064)	(28,975)
CASH FLOWS FROM FINANCING ACTIVITIES:
Debt and Equity Issuance and Redemption Costs	(4,882)	(2,411)
Repurchase and Retirement of Restricted Stock / Units	(2,101)	(4,667)
Common Stock and Unit Distributions Paid	(41,136)	(33,367)
Preferred Dividends Paid	0	(1,471)
Redemption of Preferred Stock / Units	0	(75,000)
Contributions from Noncontrolling Interests	61	57
Distributions to Noncontrolling Interests	(85)	(388)
Repayments on Mortgage Loans Payable	(9,054)	(74,944)
Repayments of Senior Unsecured Notes	0	(71,578)
Proceeds from Unsecured Term Loans	260,000	200,000
Proceeds from Unsecured Credit Facility	210,000	307,000
Repayments on Unsecured Credit Facility	(340,000)	(304,000)
Net Cash Provided by (Used in) Financing Activities	72,803	(60,769)
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents	(14)	(23)
Net Increase in Cash and Cash Equivalents	57,468	6,705
Cash and Cash Equivalents, Beginning of Year	9,485	7,562
Cash and Cash Equivalents, End of Year	66,939	14,244
Supplemental Cash Flow Information [Abstract]
Interest Expense Capitalized in Connection with Development Activity	1,685	1,030
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Distribution Payable	15,096	11,886
Exchange Of Operating Partnership / Limited Partnership Units For Common Stock / General Partnership Units [Abstract]
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units	0	0
Assumption of Liabilities in Connection with the Acquisition of Real Estate	608	294
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate	20,355	23,785
Write-off of Fully Depreciated Assets	(28,609)	(29,090)
First Industrial, L.P. | Noncontrolling Interest
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	75
First Industrial, L.P. | Limited Partner Units
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	1,197
Exchange Of Operating Partnership / Limited Partnership Units For Common Stock / General Partnership Units [Abstract]
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units	(106)	(1,697)
First Industrial, L.P. | General Partner Units
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	30,342
Exchange Of Operating Partnership / Limited Partnership Units For Common Stock / General Partnership Units [Abstract]
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units	$ 106	$ 1,697

Organization

Organization	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization First Industrial Realty Trust, Inc. (the "Company") is a self-administered and fully integrated real estate company which owns, manages, acquires, sells, develops and redevelops industrial real estate. The Company is a Maryland corporation organized on August 10, 1993 and a real estate investment trust ("REIT") as defined in the Internal Revenue Code of 1986. Unless stated otherwise or the context otherwise requires, the terms "we," "our" and "us" refer to the Company and its subsidiaries, including its operating partnership, First Industrial, L.P. (the "Operating Partnership"), and its consolidated subsidiaries. We began operations on July 1, 1994. The Company's operations are conducted primarily through the Operating Partnership, of which the Company is the sole general partner, with an approximate 96.2% ownership interest at September 30, 2015, and through its taxable REIT subsidiaries. We also conduct operations through eight other limited partnerships (the "Other Real Estate Partnerships") and limited liability companies ("LLCs"), the operating data of which, together with that of the Operating Partnership and the taxable REIT subsidiaries, is consolidated with that of the Company as presented herein. The Operating Partnership holds at least a 99% limited partnership interest in each of Other Real Estate Partnerships. The general partners of the Other Real Estate Partnerships are separate corporations, wholly-owned by the Company, each with at least a .01% general partnership interest in the Other Real Estate Partnerships. The Other Real Estate Partnerships' operating data is presented herein on a consolidated basis. See Note 2 to the Consolidated Financial Statements. The Company does not have any significant assets or liabilities other than its investment in the Operating Partnership and its 100% ownership interest in the general partners of the Other Real Estate Partnerships. Noncontrolling interest of approximately 3.8% at September 30, 2015 represents the aggregate partnership interest in the Operating Partnership held by the limited partners thereof. Profits, losses and distributions of the Operating Partnership, the LLCs and the Other Real Estate Partnerships are allocated to the general partner and the limited partners or the members, as applicable, of such entities in accordance with the provisions contained within their respective organizational documents. We also provide various services to two joint ventures (the "2003 Net Lease Joint Venture" and the "2007 Europe Joint Venture," collectively the "Joint Ventures"). Our noncontrolling equity ownership interests in the 2003 Net Lease Joint Venture and 2007 Europe Joint Venture are 15% and 10% , respectively. During the nine months ended September 30, 2015, the 2003 Net Lease Joint Venture sold its last remaining industrial property comprising approximately 0.8 million square feet of gross leasable area ("GLA"). At September 30, 2015, the 2007 Europe Joint Venture did not own any properties. The Joint Ventures are accounted for under the equity method of accounting. As of September 30, 2015, we owned 629 industrial properties located in 25 states, containing an aggregate of approximately 63.9 million square feet of GLA. Of the 629 properties owned on a consolidated basis, none of them are directly owned by the Company.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the accounting policies described in the consolidated financial statements and related notes included in the Company's and the Operating Partnership's respective annual reports on Form 10-K for the year ended December 31, 2014 ("2014 Forms 10-K") and should be read in conjunction with such consolidated financial statements and related notes. The 2014 year end consolidated balance sheet data included in this Form 10-Q filing was derived from the audited consolidated financial statements in our respective 2014 Forms 10-K, but does not include all disclosures required by accounting principles generally accepted in the United States of America ("GAAP"). The Operating Partnership's 2014 year end consolidated balance data has also been adjusted as a result of the adoption of the recent consolidation accounting pronouncement (discussed hereafter). The following notes to these interim consolidated financial statements highlight significant changes to the notes included in the December 31, 2014 audited consolidated financial statements included in our respective 2014 Forms 10-K and present interim disclosures as required by the Securities and Exchange Commission. In order to conform with GAAP, in preparation of our consolidated financial statements we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of September 30, 2015 and December 31, 2014, and the reported amounts of revenues and expenses for the three and nine months ended September 30, 2015 and 2014. Actual results could differ from those estimates. In our opinion, the accompanying unaudited interim consolidated financial statements reflect all adjustments necessary for a fair statement of our financial position as of September 30, 2015 and December 31, 2014, the results of our operations and comprehensive income for each of the three and nine months ended September 30, 2015 and 2014, and our cash flows for each of the nine months ended September 30, 2015 and 2014; all adjustments are of a normal recurring nature. Reclassifications Certain reclassifications have been made to the 2014 financial statements to conform to the 2015 presentation. Discontinued Operations Effective January 1, 2015, we adopted Accounting Standards Update ("ASU") No. 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity" ("ASU 2014-08") for all properties not previously sold. ASU 2014-08 revised the reporting requirements to only allow a component of an entity, or group of components of an entity, to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. Going forward, we expect the majority of our property dispositions will not qualify as discontinued operations and the results of the dispositions, including the gain on sale of real estate, will be presented in Income from Continuing Operations. Recent Accounting Pronouncements In February 2015, the Financial Accounting Standards Board ("FASB") issued ASU No. 2015-02, "Consolidation (Topic 810) - Amendments to the Consolidation Analysis" (“ASU 2015-02”). ASU 2015-02 updates consolidation guidance for legal entities such as limited partnerships, limited liability companies and securitization structures in an attempt to simplify consolidation accounting. ASU 2015-02 eliminates the presumption that a general partner should consolidate a limited partnership, modifies the evaluation of whether limited partnerships are variable interest entities ("VIE") or voting interest entities ("VOE") and adds requirements that limited partnerships must meet to qualify as VOEs. ASU 2015-02 is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. Since formation of each Other Real Estate Partnership, the Company, which wholly-owns the corporations that act as general partner of each Other Real Estate Partnership and is also the general partner of the Operating Partnership, which holds at least a 99% limited partnership interest in each of the Other Real Estate Partnership, has fully consolidated the financial information of the Other Real Estate Partnerships within its financial statements. The Operating Partnership has in the past accounted for each of the Other Real Estate Partnerships under the equity method of accounting based on the VOE classification and the presumption that the corporations owned by the Company that act as the general partners of the Other Real Estate Partnerships controlled the partnerships. However, under ASU 2015-02, the Operating Partnership determined that each Other Real Estate Partnership meets the criteria of a VIE and that it is the primary beneficiary for each Other Real Estate Partnership. As a result, the Operating Partnership has concluded that it should cease accounting for the Other Real Estate Partnerships under the equity method of accounting and consolidate the financial information of the Other Real Estate Partnerships within its financial statements. During the three and nine months ended September 30, 2015, the Operating Partnership elected early adoption of ASU 2015-02. The election is a full retrospective adoption approach which requires previously reported periods to be restated. The impact of this adoption on the Operating Partnership's previously reported periods is as follows: Balance Sheet as Previously Filed as of December 31, 2014 Impact of the Adoption of ASU 2015-02 Balance Sheet as Adjusted as of December 31, 2014 Total Assets $ 2,514,246 $ 78,462 $ 2,592,708 Total Liabilities $ 1,413,736 $ 77,382 $ 1,491,118 Total Noncontrolling Interest $ — $ 1,080 $ 1,080 The following table summarizes the assets and liabilities of the Other Real Estate Partnerships included in our consolidated balance sheets: September 30, 2015 December 31, 2014 ASSETS Assets: Net Investment in Real Estate $ 299,533 $ 278,720 Other Assets, Net 20,433 21,078 Total Assets $ 319,966 $ 299,798 LIABILITIES AND PARTNERS’ CAPITAL Liabilities: Mortgage Loans Payable $ 80,023 $ 81,231 Other Liabilities, Net 26,171 10,656 Partners’ Capital 213,772 207,911 Total Liabilities and Partners’ Capital $ 319,966 $ 299,798 In April 2015, the FASB issued ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03"), which amends the current presentation of debt issuance costs in the financial statements. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts, instead of as an asset. The amendments are to be applied retrospectively and are effective for interim and annual periods beginning after December 15, 2015. The adoption of ASU 2015-03 is not expected to have a material impact on our consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those good or services. Most significantly for the real estate industry, leasing transactions are not within the scope of the new standard. A majority of our tenant-related revenue is recognized pursuant to lease agreements. In July 2015, the FASB deferred the effective date of ASU 2014-09 by one year. As a result, ASU 2014-09 is effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is permitted for annual periods beginning after December 15, 2016. We are currently evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statements.

Investment in Real Estate

Investment in Real Estate	9 Months Ended
	Sep. 30, 2015
Real Estate [Abstract]
Investment in Real Estate	Investment in Real Estate Acquisitions During the nine months ended September 30, 2015, we acquired three industrial properties comprising approximately 0.6 million square feet of GLA and several land parcels. The purchase price of these acquisitions totaled approximately $72,961 , excluding costs incurred in conjunction with the acquisition of the industrial properties and land parcels. The purchase price of the industrial properties and land parcels acquired was allocated as follows: Nine Months Ended September 30, 2015 Land $ 34,950 Building and Improvements 35,023 Other Assets 440 Deferred Leasing Intangibles, Net 2,548 Total Purchase Price $ 72,961 Intangible Assets (Liabilities) Subject To Amortization in the Period of Acquisition The fair value at the date of acquisition of in-place leases and below market leases recorded due to the real estate properties acquired for the nine months September 30, 2015, which are recorded as deferred leasing intangibles, is as follows: Nine Months Ended September 30, 2015 In-Place Leases $ 2,914 Below Market Leases $ (366 ) The weighted average life, in months, of in-place leases and below market leases recorded at the time of acquisition as a result of the real estate properties acquired for the nine months ended September 30, 2015 is as follows: Nine Months Ended September 30, 2015 In-Place Leases 36 Below Market Leases 37 Real Estate Held for Sale At September 30, 2015, we had seven industrial properties comprising approximately 0.3 million square feet of GLA held for sale. There can be no assurance that the industrial properties held for sale will be sold. Sales and Discontinued Operations During the nine months ended September 30, 2015, we sold 15 industrial properties comprising approximately 1.0 million square feet of GLA and several land parcels. Gross proceeds from the sales of the industrial properties and several land parcels were approximately $50,060 . The gain on sale of real estate was approximately $13,084 . The industrial properties sold prior to January 1, 2015 that met the criteria to be classified as discontinued operations are presented as discontinued operations in the Consolidated Statements of Operations. Income from discontinued operations for the nine months ended September 30, 2014 reflects the results of opera tions of the 29 industrial properties that were sold during the year ended December 31, 2014 and the gain on sale of real estate relating to 20 industrial properties that were sold during the nine months ended September 30, 2014. The following table discloses certain information regarding the industrial properties included in our discontinued operations for the three and nine months ended September 30, 2014: Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 Total Revenues $ 1,560 $ 6,316 Property Expenses (652 ) (2,444 ) Depreciation and Amortization (404 ) (2,230 ) Gain on Sale of Real Estate 13,428 14,483 Income from Discontinued Operations $ 13,932 $ 16,125 Impairment Charges The impairment charges of $626 recorded during the nine months ended September 30, 2015 were due to marketing certain properties for sale and our assessment of the likelihood and timing of a potential sale transaction. The following table presents information about our real estate assets that were measured at fair value on a non-recurring basis and for which impairment charges were recorded during the nine months ended September 30, 2015. The table indicates the fair value hierarchy of the valuation techniques we utilized to determine fair value. Fair Value Measurements on a Non-Recurring Basis Using: Description At September 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Total Impairment for the Nine Months Ended Operating Properties Not Held for Sale $ 17,850 — — $ 17,850 $ (626 ) The following table presents quantitative information about the Level 3 fair value measurements at September 30, 2015. Quantitative Information about Level 3 Fair Value Measurements: Description Fair Value Valuation Technique Unobservable Inputs Range 23 industrial properties comprising approximately 0.7 million square feet of GLA $ 17,850 Contracted Price (A) N/A (A) The fair value for the properties were based upon the value of a third party purchase contract, which was subject to our corroboration for reasonableness.

Indebtedness

Indebtedness	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Indebtedness	Indebtedness The following table discloses certain information regarding our indebtedness: Outstanding Balance at Interest Rate at September 30, 2015 Effective Interest Rate at Issuance Maturity Date September 30, 2015 December 31,2014 Mortgage Loans Payable, Net $ 590,912 $ 599,985 4.03% – 8.26% 4.03% – 8.26% February 2016 –September 2022 Unamortized Premiums (71 ) (90 ) Mortgage Loans Payable, Gross $ 590,841 $ 599,895 Senior Unsecured Notes, Net 2016 Notes $ 159,663 $ 159,621 5.75% 5.91% 1/15/2016 2017 Notes 54,969 54,966 7.50% 7.52% 12/1/2017 2027 Notes 6,067 6,066 7.15% 7.11% 5/15/2027 2028 Notes 31,885 31,884 7.60% 8.13% 7/15/2028 2032 Notes 10,522 10,518 7.75% 7.87% 4/15/2032 2017 II Notes 101,826 101,806 5.95% 6.37% 5/15/2017 Subtotal $ 364,932 $ 364,861 Unamortized Discounts 170 241 Senior Unsecured Notes, Gross $ 365,102 $ 365,102 Unsecured Term Loans Unsecured Term Loan I * $ 200,000 $ 200,000 1.90% N/A 1/29/2021 Unsecured Term Loan II * 260,000 — 1.80% N/A 9/12/2022 Total of Unsecured Term Loans $ 460,000 $ 200,000 Unsecured Credit Facility** $ 55,000 $ 185,000 1.34% N/A 3/11/2019 * We entered into interest rate protection agreements, with an aggregate notional value of $460,000 , to effectively convert the variable rate to a fixed rate. See Note 9. ** The maturity date may be extended an additional year at our election, subject to certain restrictions. Mortgage Loans Payable, Net As of September 30, 2015, mortgage loans payable are collateralized, and in some instances cross-collateralized, by industrial properties with a net carrying value of $722,430 . We believe the Operating Partnership and the Company were in compliance with all covenants relating to mortgage loans payable as of September 30, 2015. Unsecured Term Loans On September 11, 2015, we entered into a seven -year, $260,000 unsecured loan (the "Unsecured Term Loan II"; together with the Unsecured Term Loan I (as described in Note 9), the "Unsecured Term Loans") with a syndicate of financial institutions. The Unsecured Term Loan II requires interest only payments and bears interest at a variable rate based on LIBOR, as defined in the loan agreement, plus a specified spread based on our leverage ratio or credit ratings. We also entered into interest rate protection agreements, with an aggregate notional value of $260,000 , to effectively convert the variable rate to a fixed rate. See Note 9 for more information on the interest rate protection agreements. Unsecured Credit Facility On March 10, 2015, we amended and restated our $625,000 revolving credit agreement (the "Old Credit Facility") with a new $ 625,000 revolving credit agreement (as amended and restated, the "Unsecured Credit Facility"). We have the right to request that the borrowing capacity under the Unsecured Credit Facility be increased to $900,000 , subject to certain restrictions. The amendment extended the maturity date from September 29, 2017 to March 11, 2019 with an option to extend an additional one year at our election, subject to certain restrictions. At September 30, 2015, the Unsecured Credit Facility provides for interest only payments at LIBOR plus 115 basis points . The interest rate on the Unsecured Credit Facility varies based on our leverage ratio. Indebtedness The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums and discounts, for the next five years as of September 30, and thereafter: Amount Remainder of 2015 $ 3,104 2016 251,870 2017 168,723 2018 168,341 2019 131,423 Thereafter 747,482 Total $ 1,470,943 The Unsecured Credit Facility, the Unsecured Term Loans and the indentures governing our senior unsecured notes contain certain financial covenants, including limitations on incurrence of debt and debt service coverage. Under the Unsecured Credit Facility and Unsecured Term Loans, an event of default can occur if the lenders, in their good faith judgment, determine that a material adverse change has occurred which could prevent timely repayment or materially impair our ability to perform our obligations under the loan agreements. We believe that the Operating Partnership and the Company were in compliance with all covenants relating to the Unsecured Credit Facility, Unsecured Term Loans and indentures governing our senior unsecured notes as of September 30, 2015. However, these financial covenants are complex and there can be no assurance that these provisions would not be interpreted by our lenders and noteholders in a manner that could impose and cause us to incur material costs. Fair Value At September 30, 2015 and December 31, 2014, the fair value of our indebtedness was as follows: September 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value Mortgage Loans Payable, Net $ 590,912 $ 632,104 $ 599,985 $ 640,818 Senior Unsecured Notes, Net 364,932 386,086 364,861 395,320 Unsecured Term Loans 460,000 461,016 200,000 200,575 Unsecured Credit Facility 55,000 55,000 185,000 185,747 Total $ 1,470,844 $ 1,534,206 $ 1,349,846 $ 1,422,460 The fair values of our mortgage loans payable were determined by discounting the future cash flows using the current rates at which similar loans would be made based upon similar remaining maturities. The current market rates we utilized were internally estimated. The fair value of the senior unsecured notes were determined by using rates, as advised by our bankers, that are based upon recent trades within the same series of the senior unsecured notes, recent trades for senior unsecured notes with comparable maturities, recent trades for fixed rate unsecured notes from companies with profiles similar to ours, as well as overall economic conditions. The fair value of the Unsecured Credit Facility and Unsecured Term Loans was determined by discounting the future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining term, assuming no repayment until maturity. We have concluded that our determination of fair value for each of our mortgage loans payable, senior unsecured notes, Unsecured Term Loans and Unsecured Credit Facility was primarily based upon Level 3 inputs.

Stockholders_ Equity of the Com

Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership	Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership Conversion of Limited Partnership Interests into Shares of Common Stock During the nine months ended September 30, 2015 and 2014, 11,012 and 175,333 limited partnership interests in the Operating Partnership ("Units"), respectively, were converted into an equivalent number of shares of common stock of the Company, resulting in a reclassification of $106 and $1,697 , respectively, of noncontrolling interest to the Company's stockholders’ equity. Noncontrolling Interest of the Company The following table summarizes the changes in noncontrolling interest for the Company for the nine months ended September 30, 2015 and 2014: September 30, 2015 September 30, 2014 Noncontrolling Interest, Beginning of Period $ 41,877 $ 44,369 Net Income 1,197 1,137 Unit Distributions (1,669 ) (1,368 ) Other Comprehensive (Loss) Income (Including a Reallocation of $3 and $6) (65 ) 16 Conversion of Units to Common Stock (106 ) (1,697 ) Reallocation - Additional Paid-in-Capital 107 (48 ) Noncontrolling Interest, End of Period $ 41,341 $ 42,409 Noncontrolling Interest of the Operating Partnership The following table summarizes the changes in noncontrolling interest for the Operating Partnership for the nine months ended September 30, 2015 and 2014: September 30, 2015 September 30, 2014 Noncontrolling Interest, Beginning of Period $ 1,080 $ 1,095 Net Income 75 50 Contributions 61 57 Distributions (85 ) (388 ) Noncontrolling Interest, End of Period $ 1,131 $ 814 Dividends/Distributions During the nine months ended September 30, 2015, we accrued $44,283 common stock dividends and Unit distributions.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following table summarizes the changes in accumulated other comprehensive loss by component for the Company for the nine months ended September 30, 2015: Interest Rate Protection Agreements Foreign Currency Translation Adjustment Comprehensive Income (Loss) Attributable to Noncontrolling Interest Total Balance as of December 31, 2014 $ (14,402 ) $ (15 ) $ 550 $ (13,867 ) Other Comprehensive (Loss) Income Before Reclassifications (18,601 ) 15 65 (18,521 ) Amounts Reclassified from Accumulated Other Comprehensive Loss 16,803 — — 16,803 Net Current Period Other Comprehensive (Loss) Income (1,798 ) 15 65 (1,718 ) Balance as of September 30, 2015 $ (16,200 ) $ — $ 615 $ (15,585 ) The following table summarizes the changes in accumulated other comprehensive loss by component for the Operating Partnership for the nine months ended September 30, 2015: Interest Rate Protection Agreements Foreign Currency Translation Adjustment Total Balance as of December 31, 2014 $ (14,402 ) $ 26 $ (14,376 ) Other Comprehensive Loss Before Reclassifications (18,601 ) (26 ) (18,627 ) Amounts Reclassified from Accumulated Other Comprehensive Loss 16,803 — 16,803 Net Current Period Other Comprehensive Loss (1,798 ) (26 ) (1,824 ) Balance as of September 30, 2015 $ (16,200 ) $ — $ (16,200 ) The following table summarizes the reclassifications out of accumulated other comprehensive loss for both the Company and the Operating Partnership for the three and nine months ended September 30, 2015 and 2014: Amount Reclassified from Accumulated Other Comprehensive Loss Details about Accumulated Other Comprehensive Loss Components Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2015 Nine Months Ended September 30, 2014 Affected Line Item in the Consolidated Statements of Operations Interest Rate Protection Agreements: Reclassification of Fair Value of Interest Rate Protection Agreements (See Note 9) $ — $ — $ 12,990 $ — Mark-to-Market Loss on Interest Rate Protection Agreements Amortization of Interest Rate Protection Agreements (Previously Settled) 131 131 393 1,227 Interest Expense Settlement Payments to our Counterparties 1,299 1,090 3,420 2,902 Interest Expense $ 1,430 $ 1,221 $ 16,803 $ 4,129 Total The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in other comprehensive income (loss) 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 expect to amortize approximately $425 into net income by increasing interest expense for interest rate protection agreements we settled in previous periods. Additionally, recurring settlement amounts on the Group I Swaps and Group II Swaps, as defined in Note 9, will also be reclassified to net income. See Note 9 for more information about our derivatives.

Earnings Per Share_Unit (EPS_EP

Earnings Per Share/Unit (EPS/EPU)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share/Unit (EPS/EPU)	Earnings Per Share/Unit ("EPS"/"EPU") The computation of basic and diluted EPS of the Company is presented below: Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2015 Nine Months Ended September 30, 2014 Numerator: Income from Continuing Operations $ 14,465 $ 8,263 $ 31,499 $ 15,341 Noncontrolling Interest Allocable to Continuing Operations (548 ) (325 ) (1,197 ) (507 ) Income from Continuing Operations Allocable to Participating Securities (50 ) (33 ) (141 ) (55 ) Income from Continuing Operations Attributable to First Industrial Realty Trust, Inc. 13,867 7,905 30,161 14,779 Preferred Dividends — — — (1,019 ) Redemption of Preferred Stock — — — (1,462 ) Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 13,867 $ 7,905 $ 30,161 $ 12,298 Income from Discontinued Operations $ — $ 13,932 $ — $ 16,125 Noncontrolling Interest Allocable to Discontinued Operations — (543 ) — (630 ) Income from Discontinued Operations Allocable to Participating Securities — (57 ) — (68 ) Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc. $ — $ 13,332 $ — $ 15,427 Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities $ 13,917 $ 21,327 $ 30,302 $ 27,848 Net Income Allocable to Participating Securities (50 ) (90 ) (141 ) (123 ) Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 13,867 $ 21,237 $ 30,161 $ 27,725 Denominator (In Thousands): Weighted Average Shares - Basic 110,356 110,072 110,338 109,856 Effect of Dilutive Securities: LTIP performance units 492 199 397 442 Weighted Average Shares - Diluted 110,848 110,271 110,735 110,298 Basic EPS: Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.13 $ 0.07 $ 0.27 $ 0.11 Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders $ — $ 0.12 $ — $ 0.14 Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.13 $ 0.19 $ 0.27 $ 0.25 Diluted EPS: Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.13 $ 0.07 $ 0.27 $ 0.11 Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders $ — $ 0.12 $ — $ 0.14 Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.13 $ 0.19 $ 0.27 $ 0.25 The computation of basic and diluted EPU of the Operating Partnership is presented below: Three Months Ended September 30, 2015 (As Adjusted) Three Months Ended September 30, 2014 (As Adjusted) Nine Months Ended September 30, 2015 (As Adjusted) Nine Months Ended September 30, 2014 Numerator: Income from Continuing Operations $ 14,465 $ 8,307 $ 31,614 $ 15,448 Noncontrolling Interest Allocable to Continuing Operations (27 ) (13 ) (75 ) (40 ) Income from Continuing Operations Allocable to Participating Securities (50 ) (33 ) (141 ) (55 ) Income from Continuing Operations Attributable to Unitholders 14,388 8,261 31,398 15,353 Preferred Unit Distributions — — — (1,019 ) Redemption of Preferred Units — — — (1,462 ) Income from Continuing Operations Available to Unitholders $ 14,388 $ 8,261 $ 31,398 $ 12,872 Income from Discontinued Operations $ — $ 13,932 $ — $ 16,125 Noncontrolling Interest Allocable to Discontinued Operations — (8 ) — (10 ) Income from Discontinued Operations Allocable to Participating Securities — (57 ) — (68 ) Income from Discontinued Operations Attributable to Unitholders $ — $ 13,867 $ — $ 16,047 Net Income Available to Unitholders and Participating Securities $ 14,438 $ 22,218 $ 31,539 $ 29,042 Net Income Allocable to Participating Securities (50 ) (90 ) (141 ) (123 ) Net Income Available to Unitholders $ 14,388 $ 22,128 $ 31,398 $ 28,919 Denominator (In Thousands): Weighted Average Units—Basic 114,720 114,512 114,705 114,346 Effect of Dilutive Securities that Result in the Issuance of General Partner Units: LTIP performance units 492 199 397 442 Weighted Average Units - Diluted 115,212 114,711 115,102 114,788 Basic EPU: Income from Continuing Operations Available to Unitholders $ 0.13 $ 0.07 $ 0.27 $ 0.11 Income from Discontinued Operations Attributable to Unitholders $ — $ 0.12 $ — $ 0.14 Net Income Available to Unitholders $ 0.13 $ 0.19 $ 0.27 $ 0.25 Diluted EPU: Income from Continuing Operations Available to Unitholders $ 0.12 $ 0.07 $ 0.27 $ 0.11 Income from Discontinued Operations Attributable to Unitholders $ — $ 0.12 $ — $ 0.14 Net Income Available to Unitholders $ 0.12 $ 0.19 $ 0.27 $ 0.25 Participating securities include 388,695 and 463,774 of unvested restricted stock/Unit awards outstanding at September 30, 2015 and 2014, respectively, which participate in our non-forfeitable dividends/distributions. Under the two class method, participating security holders are allocated income, in proportion to total weighted average shares/Units outstanding, based upon the greater of net income (after reduction for preferred dividends/Unit distributions and redemption of preferred stock/Units) or common dividends/distributions declared.

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2015
Share-based Compensation [Abstract]
Stock Based Compensation	Stock Based Compensation During the nine months ended September 30, 2015, the Company awarded 216,975 shares of restricted stock awards to certain employees, which had a fair value of $4,708 on the date of approval by the Compensation Committee of the Board of Directors. These restricted stock awards were issued based upon the achievement of certain corporate performance goals for the calendar year 2014 and generally vest over a period of three years. Additionally, during the nine months ended September 30, 2015, the Company awarded 17,385 shares of restricted stock to non-employee members of the Board of Directors, which had a fair value of $350 on the date of approval. These restricted stock awards vest over a one -year period. The Operating Partnership issued Units to the Company in the same amounts for both award issuances. Compensation expense is charged to earnings over the vesting periods for the shares expected to vest except if the recipient is not required to provide future service in exchange for vesting of such shares. If vesting of a recipient's restricted stock award is not contingent upon future service, the expense is recognized immediately at the date of grant. During the nine months ended September 30, 2015 and 2014, we recognized $1,250 and $1,451 , respectively, of compensation expense related to restricted stock awards granted to our Chief Executive Officer for which future service was not required. Additionally, during the nine months ended September 30, 2015, the Company granted 264,432 Long-Term Incentive Program ("LTIP") performance units ("2015 LTIP Unit Awards") to certain employees. The Operating Partnership issued Units to the Company in the same amounts. The 2015 LTIP Unit Awards had a fair value of $2,531 on the grant date as determined by a lattice-binomial option-pricing model based on a Monte Carlo simulation. The 2015 LTIP Unit Awards vest based upon the relative total shareholder return ("TSR") of the Company's common stock compared to the TSRs of the MSCI US REIT Index and the NAREIT Industrial Index. The TSR for the granted units is calculated based upon the performance from January 1, 2015 through December 31, 2017. Compensation expense is charged to earnings on a straight-line basis over the performance period. At the end of the performance period each participant will be issued shares of the Company's common stock equal to the maximum shares issuable to the participant for the performance period multiplied by a percentage, ranging from 0% to 100% , based on the Company's TSR as compared to the TSRs of the MSCI US REIT Index and the NAREIT Industrial Index. The participant is also entitled to dividend equivalents for shares issued pursuant to vested 2015 LTIP Unit Awards. The dividend equivalents represent any common dividends that would have been paid with respect to such issued shares after the grant of the 2015 LTIP Unit Awards and prior to the date of settlement. We recognized $1,507 and $1,351 for the three months ended September 30, 2015 and 2014, and $5,574 and $6,248 for the nine months ended September 30, 2015 and 2014, respectively, in amortization related to restricted stock/Unit awards and LTIP performance units. Restricted stock/Unit award and LTIP performance unit amortization capitalized in connection with development activities was not significant. At September 30, 2015, we had $7,047 in unrecognized compensation related to unvested restricted stock/Unit awards and LTIP performance units, which is expected to be recognized over a weighted average 0.94 year term.

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives Our objectives in using derivatives are to add stability to interest expense and to manage our cash flow volatility and exposure to interest rate movements. To accomplish this objective, we primarily use interest rate protection agreements as part of our interest rate risk management strategy. Interest rate protection agreements designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. In connection with the origination of the seven -year, $200,000 unsecured loan (the "Unsecured Term Loan I") (see Note 4), during January 2014, we entered into four interest rate protection agreements, with an aggregate notional value of $200,000 , to manage our exposure to changes in the one month LIBOR rate (the “Group I Swaps”). The Group I Swaps fix the LIBOR rate at a weighted average rate of 2.29% and mature on January 29, 2021. We designated the Group I Swaps as cash flow hedges. In connection with origination of the Unsecured Term Loan II (see Note 4), during September 2015, we entered into six interest rate protection agreements, with an aggregate notional value of $260,000 , to manage our exposure to changes in the one month LIBOR rate (the “Group II Swaps”). The Group II Swaps fix the LIBOR rate at a weighted average rate of 1.79% and mature on September 12, 2022. We designated the Group II Swaps as cash flow hedges. In order to maintain our flexibility to pursue an offering of unsecured debt, during August 2014, we entered into three interest rate protection agreements, with an aggregate notional value of $220,000 , to manage our exposure to changes in the three month LIBOR rate (the "Group III Swaps"). The Group III Swaps fixed the LIBOR rate at a weighted average rate of 2.5795% and were effective from December 1, 2014 through December 1, 2024. At origination, we designated the Group III Swaps as cash flow hedges but, during the first quarter of 2015, the Group III Swaps were de-designated and the fair market value loss of $12,990 was reclassified to earnings from other comprehensive income since we determined the forecasted offering of unsecured debt was no longer probable to occur within the time period stated in the respective designation memos. During the nine months ended September 30, 2015, we settled the Group III Swaps for a payment of $11,546 made to our derivative counterparties. For the nine months ended September 30, 2015, $11,546 is recognized as mark-to-market and settlement loss on interest rate protection agreements. Our agreements with our derivative counterparties contain provisions where if we default on any of our indebtedness, then we could also be declared in default on our derivative obligations subject to certain thresholds. As of September 30, 2015, we had not posted any collateral related to these agreements and were not in breach of any of the agreement provisions. If we had breached these provisions, we could have been required to settle our obligations under the agreements at their termination value. The following table sets forth our financial liabilities related to the Group I and Group II Swaps, which are included in Accounts Payable, Accrued Expenses and Other Liabilities on the accompanying consolidated balance sheet and are accounted for at fair value on a recurring basis as of September 30, 2015: Fair Value Measurements at Reporting Date Using: Description Fair Value Quoted Prices in Active Markets for Identical Assets(Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Liabilities: Derivatives designated as a hedging instrument: Group I Swaps $ (10,148 ) — $ (10,148 ) — Group II Swaps $ (4,322 ) — $ (4,322 ) — There was no ineffectiveness recorded on the Group I Swaps and Group II swaps during the three and nine months ended September 30, 2015. See Note 6 for more information. The estimated fair value of the Group I Swaps and Group II Swaps was determined using the market standard methodology of netting the discounted fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of interest rates (forward curves) derived from observable market interest rate curves. In addition, credit valuation adjustments are incorporated in the fair value to account for potential non-performance risk, including our own non-performance risk and the respective counterparty’s non-performance risk. We determined that the significant inputs used to value the Group I Swaps and Group II Swaps fell within Level 2 of the fair value hierarchy.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, we are involved in legal actions arising from the ownership of our industrial properties. In our opinion, the liabilities, if any, that may ultimately result from such legal actions are not expected to have a materially adverse effect on our consolidated financial position, operations or liquidity. In conjunction with the development of industrial properties, we have entered into agreements with general contractors for the construction of industrial buildings. At September 30, 2015, we had nine industrial buildings totaling approximately 2.2 million square feet of GLA under construction. The estimated total investment as of September 30, 2015 is approximately $148,200 . Of this amount, approximately $73,100 remains to be funded. There can be no assurance that the actual completion cost will not exceed the estimated total investment stated above.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events From October 1, 2015 to October 30, 2015, we acquired three industrial properties and two land parcels for a purchase price of approximately $71,177 , excluding costs incurred in conjunction with the acquisitions and sold 29 industrial properties for approximately $28,225 . From October 1, 2015 to October 30, 2015, we paid off prior to maturity a mortgage loan payable in the aggregate amount of $22,910 .

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Reclassifications	Reclassifications Certain reclassifications have been made to the 2014 financial statements to conform to the 2015 presentation.
Discontinued Operations	Discontinued Operations Effective January 1, 2015, we adopted Accounting Standards Update ("ASU") No. 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity" ("ASU 2014-08") for all properties not previously sold. ASU 2014-08 revised the reporting requirements to only allow a component of an entity, or group of components of an entity, to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. Going forward, we expect the majority of our property dispositions will not qualify as discontinued operations and the results of the dispositions, including the gain on sale of real estate, will be presented in Income from Continuing Operations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2015, the Financial Accounting Standards Board ("FASB") issued ASU No. 2015-02, "Consolidation (Topic 810) - Amendments to the Consolidation Analysis" (“ASU 2015-02”). ASU 2015-02 updates consolidation guidance for legal entities such as limited partnerships, limited liability companies and securitization structures in an attempt to simplify consolidation accounting. ASU 2015-02 eliminates the presumption that a general partner should consolidate a limited partnership, modifies the evaluation of whether limited partnerships are variable interest entities ("VIE") or voting interest entities ("VOE") and adds requirements that limited partnerships must meet to qualify as VOEs. ASU 2015-02 is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. Since formation of each Other Real Estate Partnership, the Company, which wholly-owns the corporations that act as general partner of each Other Real Estate Partnership and is also the general partner of the Operating Partnership, which holds at least a 99% limited partnership interest in each of the Other Real Estate Partnership, has fully consolidated the financial information of the Other Real Estate Partnerships within its financial statements. The Operating Partnership has in the past accounted for each of the Other Real Estate Partnerships under the equity method of accounting based on the VOE classification and the presumption that the corporations owned by the Company that act as the general partners of the Other Real Estate Partnerships controlled the partnerships. However, under ASU 2015-02, the Operating Partnership determined that each Other Real Estate Partnership meets the criteria of a VIE and that it is the primary beneficiary for each Other Real Estate Partnership. As a result, the Operating Partnership has concluded that it should cease accounting for the Other Real Estate Partnerships under the equity method of accounting and consolidate the financial information of the Other Real Estate Partnerships within its financial statements. During the three and nine months ended September 30, 2015, the Operating Partnership elected early adoption of ASU 2015-02. The election is a full retrospective adoption approach which requires previously reported periods to be restated. The impact of this adoption on the Operating Partnership's previously reported periods is as follows: Balance Sheet as Previously Filed as of December 31, 2014 Impact of the Adoption of ASU 2015-02 Balance Sheet as Adjusted as of December 31, 2014 Total Assets $ 2,514,246 $ 78,462 $ 2,592,708 Total Liabilities $ 1,413,736 $ 77,382 $ 1,491,118 Total Noncontrolling Interest $ — $ 1,080 $ 1,080 The following table summarizes the assets and liabilities of the Other Real Estate Partnerships included in our consolidated balance sheets: September 30, 2015 December 31, 2014 ASSETS Assets: Net Investment in Real Estate $ 299,533 $ 278,720 Other Assets, Net 20,433 21,078 Total Assets $ 319,966 $ 299,798 LIABILITIES AND PARTNERS’ CAPITAL Liabilities: Mortgage Loans Payable $ 80,023 $ 81,231 Other Liabilities, Net 26,171 10,656 Partners’ Capital 213,772 207,911 Total Liabilities and Partners’ Capital $ 319,966 $ 299,798 In April 2015, the FASB issued ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03"), which amends the current presentation of debt issuance costs in the financial statements. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts, instead of as an asset. The amendments are to be applied retrospectively and are effective for interim and annual periods beginning after December 15, 2015. The adoption of ASU 2015-03 is not expected to have a material impact on our consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those good or services. Most significantly for the real estate industry, leasing transactions are not within the scope of the new standard. A majority of our tenant-related revenue is recognized pursuant to lease agreements. In July 2015, the FASB deferred the effective date of ASU 2014-09 by one year. As a result, ASU 2014-09 is effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is permitted for annual periods beginning after December 15, 2016. We are currently evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statements.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Summary of New Accounting Pronouncement	During the three and nine months ended September 30, 2015, the Operating Partnership elected early adoption of ASU 2015-02. The election is a full retrospective adoption approach which requires previously reported periods to be restated. The impact of this adoption on the Operating Partnership's previously reported periods is as follows: Balance Sheet as Previously Filed as of December 31, 2014 Impact of the Adoption of ASU 2015-02 Balance Sheet as Adjusted as of December 31, 2014 Total Assets $ 2,514,246 $ 78,462 $ 2,592,708 Total Liabilities $ 1,413,736 $ 77,382 $ 1,491,118 Total Noncontrolling Interest $ — $ 1,080 $ 1,080
Condensed Balance Sheet	The following table summarizes the assets and liabilities of the Other Real Estate Partnerships included in our consolidated balance sheets: September 30, 2015 December 31, 2014 ASSETS Assets: Net Investment in Real Estate $ 299,533 $ 278,720 Other Assets, Net 20,433 21,078 Total Assets $ 319,966 $ 299,798 LIABILITIES AND PARTNERS’ CAPITAL Liabilities: Mortgage Loans Payable $ 80,023 $ 81,231 Other Liabilities, Net 26,171 10,656 Partners’ Capital 213,772 207,911 Total Liabilities and Partners’ Capital $ 319,966 $ 299,798

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	9 Months Ended
	Sep. 30, 2015
Real Estate [Abstract]
Summary of Acquisition Purchase Price Allocation	The purchase price of the industrial properties and land parcels acquired was allocated as follows: Nine Months Ended September 30, 2015 Land $ 34,950 Building and Improvements 35,023 Other Assets 440 Deferred Leasing Intangibles, Net 2,548 Total Purchase Price $ 72,961
Summary of Intangible Assets (Liabilities) Subject to Amortization in Period of Acquisition	The fair value at the date of acquisition of in-place leases and below market leases recorded due to the real estate properties acquired for the nine months September 30, 2015, which are recorded as deferred leasing intangibles, is as follows: Nine Months Ended September 30, 2015 In-Place Leases $ 2,914 Below Market Leases $ (366 ) The weighted average life, in months, of in-place leases and below market leases recorded at the time of acquisition as a result of the real estate properties acquired for the nine months ended September 30, 2015 is as follows: Nine Months Ended September 30, 2015 In-Place Leases 36 Below Market Leases 37
Summary Regarding Industrial Properties Included in Discontinued Operations	The following table discloses certain information regarding the industrial properties included in our discontinued operations for the three and nine months ended September 30, 2014: Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 Total Revenues $ 1,560 $ 6,316 Property Expenses (652 ) (2,444 ) Depreciation and Amortization (404 ) (2,230 ) Gain on Sale of Real Estate 13,428 14,483 Income from Discontinued Operations $ 13,932 $ 16,125
Fair Value Measurements, Nonrecurring Basis	The following table presents information about our real estate assets that were measured at fair value on a non-recurring basis and for which impairment charges were recorded during the nine months ended September 30, 2015. The table indicates the fair value hierarchy of the valuation techniques we utilized to determine fair value. Fair Value Measurements on a Non-Recurring Basis Using: Description At September 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Total Impairment for the Nine Months Ended Operating Properties Not Held for Sale $ 17,850 — — $ 17,850 $ (626 )
Quantitative Information about Level 3 Fair Value Measurements	The following table presents quantitative information about the Level 3 fair value measurements at September 30, 2015. Quantitative Information about Level 3 Fair Value Measurements: Description Fair Value Valuation Technique Unobservable Inputs Range 23 industrial properties comprising approximately 0.7 million square feet of GLA $ 17,850 Contracted Price (A) N/A (A) The fair value for the properties were based upon the value of a third party purchase contract, which was subject to our corroboration for reasonableness.

Indebtedness (Tables)

Indebtedness (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Information Regarding Indebtedness	The following table discloses certain information regarding our indebtedness: Outstanding Balance at Interest Rate at September 30, 2015 Effective Interest Rate at Issuance Maturity Date September 30, 2015 December 31,2014 Mortgage Loans Payable, Net $ 590,912 $ 599,985 4.03% – 8.26% 4.03% – 8.26% February 2016 –September 2022 Unamortized Premiums (71 ) (90 ) Mortgage Loans Payable, Gross $ 590,841 $ 599,895 Senior Unsecured Notes, Net 2016 Notes $ 159,663 $ 159,621 5.75% 5.91% 1/15/2016 2017 Notes 54,969 54,966 7.50% 7.52% 12/1/2017 2027 Notes 6,067 6,066 7.15% 7.11% 5/15/2027 2028 Notes 31,885 31,884 7.60% 8.13% 7/15/2028 2032 Notes 10,522 10,518 7.75% 7.87% 4/15/2032 2017 II Notes 101,826 101,806 5.95% 6.37% 5/15/2017 Subtotal $ 364,932 $ 364,861 Unamortized Discounts 170 241 Senior Unsecured Notes, Gross $ 365,102 $ 365,102 Unsecured Term Loans Unsecured Term Loan I * $ 200,000 $ 200,000 1.90% N/A 1/29/2021 Unsecured Term Loan II * 260,000 — 1.80% N/A 9/12/2022 Total of Unsecured Term Loans $ 460,000 $ 200,000 Unsecured Credit Facility** $ 55,000 $ 185,000 1.34% N/A 3/11/2019 * We entered into interest rate protection agreements, with an aggregate notional value of $460,000 , to effectively convert the variable rate to a fixed rate. See Note 9. ** The maturity date may be extended an additional year at our election, subject to certain restrictions.
Schedule of Maturities of Long-Term Debt	The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums and discounts, for the next five years as of September 30, and thereafter: Amount Remainder of 2015 $ 3,104 2016 251,870 2017 168,723 2018 168,341 2019 131,423 Thereafter 747,482 Total $ 1,470,943
Summary of Indebtedness at Estimated Fair Value	At September 30, 2015 and December 31, 2014, the fair value of our indebtedness was as follows: September 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value Mortgage Loans Payable, Net $ 590,912 $ 632,104 $ 599,985 $ 640,818 Senior Unsecured Notes, Net 364,932 386,086 364,861 395,320 Unsecured Term Loans 460,000 461,016 200,000 200,575 Unsecured Credit Facility 55,000 55,000 185,000 185,747 Total $ 1,470,844 $ 1,534,206 $ 1,349,846 $ 1,422,460

Stockholders_ Equity of the C23

Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership (Tables)	9 Months Ended
	Sep. 30, 2015
Noncontrolling Interest Rollforward [Table Text Block]	The following table summarizes the changes in noncontrolling interest for the Company for the nine months ended September 30, 2015 and 2014: September 30, 2015 September 30, 2014 Noncontrolling Interest, Beginning of Period $ 41,877 $ 44,369 Net Income 1,197 1,137 Unit Distributions (1,669 ) (1,368 ) Other Comprehensive (Loss) Income (Including a Reallocation of $3 and $6) (65 ) 16 Conversion of Units to Common Stock (106 ) (1,697 ) Reallocation - Additional Paid-in-Capital 107 (48 ) Noncontrolling Interest, End of Period $ 41,341 $ 42,409
First Industrial, L.P.
Noncontrolling Interest Rollforward [Table Text Block]	The following table summarizes the changes in noncontrolling interest for the Operating Partnership for the nine months ended September 30, 2015 and 2014: September 30, 2015 September 30, 2014 Noncontrolling Interest, Beginning of Period $ 1,080 $ 1,095 Net Income 75 50 Contributions 61 57 Distributions (85 ) (388 ) Noncontrolling Interest, End of Period $ 1,131 $ 814

Accumulated Other Comprehensi24

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2015
Schedule of Accumulated Other Comprehensive Loss	The following table summarizes the changes in accumulated other comprehensive loss by component for the Company for the nine months ended September 30, 2015: Interest Rate Protection Agreements Foreign Currency Translation Adjustment Comprehensive Income (Loss) Attributable to Noncontrolling Interest Total Balance as of December 31, 2014 $ (14,402 ) $ (15 ) $ 550 $ (13,867 ) Other Comprehensive (Loss) Income Before Reclassifications (18,601 ) 15 65 (18,521 ) Amounts Reclassified from Accumulated Other Comprehensive Loss 16,803 — — 16,803 Net Current Period Other Comprehensive (Loss) Income (1,798 ) 15 65 (1,718 ) Balance as of September 30, 2015 $ (16,200 ) $ — $ 615 $ (15,585 )
Reclassification Out of Accumulated Other Comprehensive Loss	The following table summarizes the reclassifications out of accumulated other comprehensive loss for both the Company and the Operating Partnership for the three and nine months ended September 30, 2015 and 2014: Amount Reclassified from Accumulated Other Comprehensive Loss Details about Accumulated Other Comprehensive Loss Components Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2015 Nine Months Ended September 30, 2014 Affected Line Item in the Consolidated Statements of Operations Interest Rate Protection Agreements: Reclassification of Fair Value of Interest Rate Protection Agreements (See Note 9) $ — $ — $ 12,990 $ — Mark-to-Market Loss on Interest Rate Protection Agreements Amortization of Interest Rate Protection Agreements (Previously Settled) 131 131 393 1,227 Interest Expense Settlement Payments to our Counterparties 1,299 1,090 3,420 2,902 Interest Expense $ 1,430 $ 1,221 $ 16,803 $ 4,129 Total
First Industrial, L.P.
Schedule of Accumulated Other Comprehensive Loss	The following table summarizes the changes in accumulated other comprehensive loss by component for the Operating Partnership for the nine months ended September 30, 2015: Interest Rate Protection Agreements Foreign Currency Translation Adjustment Total Balance as of December 31, 2014 $ (14,402 ) $ 26 $ (14,376 ) Other Comprehensive Loss Before Reclassifications (18,601 ) (26 ) (18,627 ) Amounts Reclassified from Accumulated Other Comprehensive Loss 16,803 — 16,803 Net Current Period Other Comprehensive Loss (1,798 ) (26 ) (1,824 ) Balance as of September 30, 2015 $ (16,200 ) $ — $ (16,200 )

Earnings Per Share_Unit (EPS_25

Earnings Per Share/Unit (EPS/EPU) (Tables)	9 Months Ended
	Sep. 30, 2015
Computation of Basic and Diluted Earnings Per Share / Unit	The computation of basic and diluted EPS of the Company is presented below: Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2015 Nine Months Ended September 30, 2014 Numerator: Income from Continuing Operations $ 14,465 $ 8,263 $ 31,499 $ 15,341 Noncontrolling Interest Allocable to Continuing Operations (548 ) (325 ) (1,197 ) (507 ) Income from Continuing Operations Allocable to Participating Securities (50 ) (33 ) (141 ) (55 ) Income from Continuing Operations Attributable to First Industrial Realty Trust, Inc. 13,867 7,905 30,161 14,779 Preferred Dividends — — — (1,019 ) Redemption of Preferred Stock — — — (1,462 ) Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 13,867 $ 7,905 $ 30,161 $ 12,298 Income from Discontinued Operations $ — $ 13,932 $ — $ 16,125 Noncontrolling Interest Allocable to Discontinued Operations — (543 ) — (630 ) Income from Discontinued Operations Allocable to Participating Securities — (57 ) — (68 ) Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc. $ — $ 13,332 $ — $ 15,427 Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities $ 13,917 $ 21,327 $ 30,302 $ 27,848 Net Income Allocable to Participating Securities (50 ) (90 ) (141 ) (123 ) Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 13,867 $ 21,237 $ 30,161 $ 27,725 Denominator (In Thousands): Weighted Average Shares - Basic 110,356 110,072 110,338 109,856 Effect of Dilutive Securities: LTIP performance units 492 199 397 442 Weighted Average Shares - Diluted 110,848 110,271 110,735 110,298 Basic EPS: Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.13 $ 0.07 $ 0.27 $ 0.11 Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders $ — $ 0.12 $ — $ 0.14 Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.13 $ 0.19 $ 0.27 $ 0.25 Diluted EPS: Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.13 $ 0.07 $ 0.27 $ 0.11 Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders $ — $ 0.12 $ — $ 0.14 Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.13 $ 0.19 $ 0.27 $ 0.25
First Industrial, L.P.
Computation of Basic and Diluted Earnings Per Share / Unit	The computation of basic and diluted EPU of the Operating Partnership is presented below: Three Months Ended September 30, 2015 (As Adjusted) Three Months Ended September 30, 2014 (As Adjusted) Nine Months Ended September 30, 2015 (As Adjusted) Nine Months Ended September 30, 2014 Numerator: Income from Continuing Operations $ 14,465 $ 8,307 $ 31,614 $ 15,448 Noncontrolling Interest Allocable to Continuing Operations (27 ) (13 ) (75 ) (40 ) Income from Continuing Operations Allocable to Participating Securities (50 ) (33 ) (141 ) (55 ) Income from Continuing Operations Attributable to Unitholders 14,388 8,261 31,398 15,353 Preferred Unit Distributions — — — (1,019 ) Redemption of Preferred Units — — — (1,462 ) Income from Continuing Operations Available to Unitholders $ 14,388 $ 8,261 $ 31,398 $ 12,872 Income from Discontinued Operations $ — $ 13,932 $ — $ 16,125 Noncontrolling Interest Allocable to Discontinued Operations — (8 ) — (10 ) Income from Discontinued Operations Allocable to Participating Securities — (57 ) — (68 ) Income from Discontinued Operations Attributable to Unitholders $ — $ 13,867 $ — $ 16,047 Net Income Available to Unitholders and Participating Securities $ 14,438 $ 22,218 $ 31,539 $ 29,042 Net Income Allocable to Participating Securities (50 ) (90 ) (141 ) (123 ) Net Income Available to Unitholders $ 14,388 $ 22,128 $ 31,398 $ 28,919 Denominator (In Thousands): Weighted Average Units—Basic 114,720 114,512 114,705 114,346 Effect of Dilutive Securities that Result in the Issuance of General Partner Units: LTIP performance units 492 199 397 442 Weighted Average Units - Diluted 115,212 114,711 115,102 114,788 Basic EPU: Income from Continuing Operations Available to Unitholders $ 0.13 $ 0.07 $ 0.27 $ 0.11 Income from Discontinued Operations Attributable to Unitholders $ — $ 0.12 $ — $ 0.14 Net Income Available to Unitholders $ 0.13 $ 0.19 $ 0.27 $ 0.25 Diluted EPU: Income from Continuing Operations Available to Unitholders $ 0.12 $ 0.07 $ 0.27 $ 0.11 Income from Discontinued Operations Attributable to Unitholders $ — $ 0.12 $ — $ 0.14 Net Income Available to Unitholders $ 0.12 $ 0.19 $ 0.27 $ 0.25

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value Measurements on Recurring Basis	The following table sets forth our financial liabilities related to the Group I and Group II Swaps, which are included in Accounts Payable, Accrued Expenses and Other Liabilities on the accompanying consolidated balance sheet and are accounted for at fair value on a recurring basis as of September 30, 2015: Fair Value Measurements at Reporting Date Using: Description Fair Value Quoted Prices in Active Markets for Identical Assets(Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Liabilities: Derivatives designated as a hedging instrument: Group I Swaps $ (10,148 ) — $ (10,148 ) — Group II Swaps $ (4,322 ) — $ (4,322 ) —

Organization - Additional Infor

Organization - Additional Information (Detail) ft² in Millions	9 Months Ended
	Sep. 30, 2015ft²PropertyJoint_VenturesState
Organization and Formation of Company [Line Items]
Company's ownership interest in the Operating Partnership	96.20%
Operating Partnership's minimum ownership interest in the limited partnerships	99.00%
Company's ownership interest in the General Partners	100.00%
Limited partners' ownership interest in the Operating Partnership	3.80%
Number of joint ventures | Joint_Ventures	2
Number of industrial properties sold	15
Gross leasable area (GLA) of industrial properties sold | ft²	1
Number of industrial properties owned	629
Number of states in which industrial properties are located | State	25
Gross leasable area (GLA) of industrial properties owned | ft²	63.9
2003 Net Lease Joint Venture
Organization and Formation of Company [Line Items]
Noncontrolling equity ownership interest	15.00%
Number of industrial properties sold	1
Gross leasable area (GLA) of industrial properties sold | ft²	0.8
2007 Europe Joint Venture
Organization and Formation of Company [Line Items]
Noncontrolling equity ownership interest	10.00%
Number of industrial properties owned	0
Other Real Estate Partnership
Organization and Formation of Company [Line Items]
Number of limited partnerships	8
Operating Partnership's minimum ownership interest in the limited partnerships	99.00%
General Partners' minimum ownership interest in the limited partnerships	0.01%

Summary of Significant Accoun28

Summary of Significant Accounting Policies - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Operating Partnership's minimum ownership interest in the limited partnerships	99.00%

Summary of Significant Accoun29

Summary of Significant Accounting Policies - Summary of New Accounting Pronouncements (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Summary of New Accounting Pronouncement [Line Items]
Total Assets	$ 2,706,680	$ 2,581,995
Total Liabilities	1,626,946	1,491,168
First Industrial, L.P.
Summary of New Accounting Pronouncement [Line Items]
Total Assets	2,717,493	2,592,708
Total Liabilities	1,626,946	1,491,118
Noncontrolling Interest	$ 1,131	1,080
Previously Reported | First Industrial, L.P.
Summary of New Accounting Pronouncement [Line Items]
Total Assets		2,514,246
Total Liabilities		1,413,736
Noncontrolling Interest		0
Restatement Adjustment | First Industrial, L.P.
Summary of New Accounting Pronouncement [Line Items]
Total Assets		78,462
Total Liabilities		77,382
Noncontrolling Interest		$ 1,080

Summary of Significant Accoun30

Summary of Significant Accounting Policies - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets:
Net Investment in Real Estate	$ 2,448,098	$ 2,396,391
Total Assets	2,706,680	2,581,995
LIABILITIES AND EQUITY
Mortgage Loans Payable, Net	590,912	599,985
Total Liabilities and Equity	2,706,680	2,581,995
Other Real Estate Partnership
Assets:
Net Investment in Real Estate	299,533	278,720
Other Assets, Net	20,433	21,078
Total Assets	319,966	299,798
LIABILITIES AND EQUITY
Mortgage Loans Payable, Net	80,023	81,231
Other Liabilities, Net	26,171	10,656
Partners’ Capital	213,772	207,911
Total Liabilities and Equity	$ 319,966	$ 299,798

Investment in Real Estate - Add

Investment in Real Estate - Additional Information (Detail) $ in Thousands, ft² in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)ft²Property	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)ft²Property	Sep. 30, 2014USD ($)Property	Dec. 31, 2014Property
Real Estate [Abstract]
Number of industrial properties acquired			3
Gross leasable area (GLA) of industrial properties acquired | ft²			0.6
Purchase price of acquisitions | $	$ 72,961		$ 72,961
Number of industrial properties held for sale	7		7
Gross leasable area (GLA) of industrial properties held for sale | ft²	0.3		0.3
Number of industrial properties sold			15
Gross leasable area (GLA) of industrial properties sold | ft²			1
Proceeds from the sale of industrial properties | $			$ 50,060
Gain on sale of real estate | $			13,084	$ 14,483
Number of sold industrial properties included in discontinued operations				20	29
Impairment of Real Estate | $	$ 626	$ 0	$ 626	$ 0

Investment in Real Estate - Sum

Investment in Real Estate - Summary of Acquisition Purchase Price Allocation (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Real Estate [Abstract]
Land	$ 34,950
Building and Improvements	35,023
Other Assets	440
Deferred Leasing Intangibles, Net	2,548
Total Purchase Price	$ 72,961

Investment in Real Estate - S33

Investment in Real Estate - Summary of Intangible Assets (Liabilities) Subject to Amortization in the Period of Acquisition (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
In-Place Leases
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired finite lived intangible assets, fair value	$ 2,914
Acquired finite lived intangible assets, weighted average life	36 months
Below Market Leases
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired finite lived intangible assets, fair value	$ (366)
Acquired finite lived intangible assets, weighted average life	37 months

Investment in Real Estate - S34

Investment in Real Estate - Summary Regarding Industrial Properties Included in Discontinued Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Real Estate [Abstract]
Total Revenues		$ 1,560		$ 6,316
Property Expenses		(652)		(2,444)
Depreciation and Amortization		(404)		(2,230)
Gain on Sale of Real Estate	$ 0	13,428	$ 0	14,483
Income from Discontinued Operations	$ 0	$ 13,932	$ 0	$ 16,125

Investment in Real Estate - Fai

Investment in Real Estate - Fair Value Measurement on Non-Recurring Basis (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Impairment	$ (626)
Fair Value, Measurements, Nonrecurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Operating Property Not Held for Sale	17,850
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Operating Property Not Held for Sale	0
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Operating Property Not Held for Sale	0
Fair Value, Measurements, Nonrecurring | Unobservable Inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Operating Property Not Held for Sale	$ 17,850

Investment in Real Estate - Qua

Investment in Real Estate - Quantitative Information About Level 3 Fair Value Measurements (Details) $ in Thousands, ft² in Millions	Sep. 30, 2015USD ($)ft²Property
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Number of industrial properties	629
Gross leasable area (GLA) of industrial properties owned | ft²	63.9
Unobservable Inputs (Level 3) | Contracted Price
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value of industrial property | $	$ 17,850
Number of industrial properties	23
Gross leasable area (GLA) of industrial properties owned | ft²	0.7

Indebtedness - Information Rega

Indebtedness - Information Regarding Indebtedness (Detail) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Mortgage Loans Payable, Net		$ 590,912	$ 599,985
Senior Unsecured Notes, Net		364,932	364,861
Unsecured Term Loans		460,000	200,000
Unsecured Credit Facility		55,000	185,000
2016 Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Net		$ 159,663	159,621
Interest Rate		5.75%
Effective Interest Rate		5.91%
Maturity Date		Jan. 15, 2016
2017 Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Net		$ 54,969	54,966
Interest Rate		7.50%
Effective Interest Rate		7.52%
Maturity Date		Dec. 1, 2017
2027 Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Net		$ 6,067	6,066
Interest Rate		7.15%
Effective Interest Rate		7.11%
Maturity Date		May 15, 2027
2028 Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Net		$ 31,885	31,884
Interest Rate		7.60%
Effective Interest Rate		8.13%
Maturity Date		Jul. 15, 2028
2032 Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Net		$ 10,522	10,518
Interest Rate		7.75%
Effective Interest Rate		7.87%
Maturity Date		Apr. 15, 2032
2017 II Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Net		$ 101,826	101,806
Interest Rate		5.95%
Effective Interest Rate		6.37%
Maturity Date		May 15, 2017
Unsecured Term Loan I
Debt Instrument [Line Items]
Unsecured Term Loans	[1]	$ 200,000	200,000
Interest Rate	[1]	1.90%
Maturity Date	[1]	Jan. 29, 2021
Unsecured Term Loan II
Debt Instrument [Line Items]
Unsecured Term Loans	[1]	$ 260,000	0
Interest Rate	[1]	1.80%
Maturity Date	[1]	Sep. 12, 2022
Mortgage Loans Payable
Debt Instrument [Line Items]
Mortgage Loans Payable, Net		$ 590,912	599,985
Unamortized Premiums		(71)	(90)
Mortgage Loans Payable, Gross		$ 590,841	599,895
Interest Rate, Minimum		4.03%
Interest Rate, Maximum		8.26%
Effective Interest Rate, Minimum		4.03%
Effective Interest Rate, Maximum		8.26%
Maturity Date Range, Start		Feb. 1, 2016
Maturity Date Range, End		Sep. 1, 2022
Senior Unsecured Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Net		$ 364,932	364,861
Unamortized Discounts		170	241
Senior Unsecured Notes, Gross		365,102	365,102
Unsecured Term Loans
Debt Instrument [Line Items]
Unsecured Term Loans		460,000	200,000
Unsecured Credit Facility
Debt Instrument [Line Items]
Unsecured Credit Facility	[2]	$ 55,000	$ 185,000
Interest Rate	[2]	1.34%
Maturity Date	[2]	Mar. 11, 2019
[1]	We entered into interest rate protection agreements, with an aggregate notional value of $460,000, to effectively convert the variable rate to a fixed rate. See Note 9.
[2]	The maturity date may be extended an additional year at our election, subject to certain restrictions.

Indebtedness - Additional Infor

Indebtedness - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 11, 2015	Sep. 30, 2015	Mar. 10, 2015	Jul. 19, 2013
Debt Disclosure [Line Items]
Interest rate protection agreement, notional amount	$ 260,000
Unsecured Term Loan, term	7 years
Unsecured Term Loan, face amount	$ 260,000
Unsecured Credit Facility, current borrowing capacity				$ 625,000
Mortgage Loans Payable
Debt Disclosure [Line Items]
Carrying value of industrial properties held under mortgages		$ 722,430
Unsecured Credit Facility
Debt Disclosure [Line Items]
Unsecured Credit Facility, current borrowing capacity			$ 625,000
Unsecured Credit Facility, additional borrowing capacity		$ 900,000
Number of years Unsecured Credit Facility may be extended		1 year
Unsecured Credit Facility, interest rate description		LIBOR plus 115 basis points
Interest Rate Protection Agreement
Debt Disclosure [Line Items]
Interest rate protection agreement, notional amount		$ 460,000

Indebtedness - Schedule of Matu

Indebtedness - Schedule of Maturities of Long-Term Debt (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Debt Disclosure [Abstract]
Remainder of 2015	$ 3,104
2,016	251,870
2,017	168,723
2,018	168,341
2,019	131,423
Thereafter	747,482
Total	$ 1,470,943

Indebtedness - Summary of Indeb

Indebtedness - Summary of Indebtedness at Estimated Fair Value (Detail) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Debt Disclosure [Line Items]
Mortgage Loans Payable, Net, Carrying Amount		$ 590,912	$ 599,985
Senior Unsecured Notes, Net, Carrying Amount		364,932	364,861
Unsecured Term Loan, Carrying Amount		460,000	200,000
Unsecured Credit Facility, Carrying Amount		55,000	185,000
Total, Carrying Amount		1,470,844	1,349,846
Total, Fair Value		1,534,206	1,422,460
Mortgage Loans Payable, Net
Debt Disclosure [Line Items]
Mortgage Loans Payable, Net, Carrying Amount		590,912	599,985
Mortgage Loans Payable, Net, Fair Value		632,104	640,818
Senior Unsecured Notes, Net
Debt Disclosure [Line Items]
Senior Unsecured Notes, Net, Carrying Amount		364,932	364,861
Senior Unsecured Notes, Net, Fair Value		386,086	395,320
Unsecured Term Loans
Debt Disclosure [Line Items]
Unsecured Term Loan, Carrying Amount		460,000	200,000
Unsecured Term Loan, Fair Value		461,016	200,575
Unsecured Credit Facility
Debt Disclosure [Line Items]
Unsecured Credit Facility, Carrying Amount	[1]	55,000	185,000
Unsecured Credit Facility, Fair Value		$ 55,000	$ 185,747
[1]	The maturity date may be extended an additional year at our election, subject to certain restrictions.

Stockholders_ Equity of the C41

Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Class of Stock [Line Items]
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units	$ 0	$ 0
Common stock dividends and Unit distributions	$ 44,283
Convertible Common Stock
Class of Stock [Line Items]
Conversion of Units to Common Stock	11,012	175,333
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units	$ 106	$ 1,697
Common Stock and Operating Partnership Units
Class of Stock [Line Items]
Common stock dividends and Unit distributions	$ 44,283

Stockholders_ Equity of the C42

Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership - Summary of Changes in Noncontrolling Interest (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Noncontrolling Interest [Line Items]
Beginning Balance			$ 41,877
Net Income	$ 548	$ 868	1,197	$ 1,137
Other Comprehensive (Loss) Income (Including a Reallocation of $3 and $6)			(1,783)
Conversion of Units to Common Stock			0	0
Reallocation - Additional Paid-in-Capital			0
Ending Balance	41,341		41,341
Noncontrolling Interest
Noncontrolling Interest [Line Items]
Beginning Balance			41,877	44,369
Net Income			1,197	1,137
Distributions			(1,669)	(1,368)
Other Comprehensive (Loss) Income (Including a Reallocation of $3 and $6)			(65)	16
Conversion of Units to Common Stock			(106)	(1,697)
Reallocation - Additional Paid-in-Capital			107	(48)
Ending Balance	41,341	42,409	41,341	42,409
Reallocation - Other Comprehensive Income (Loss)			3	6
First Industrial, L.P.
Noncontrolling Interest [Line Items]
Beginning Balance			1,101,590
Net Income	27	21	75	50
Contributions			61
Distributions			(85)
Other Comprehensive (Loss) Income (Including a Reallocation of $3 and $6)			(1,824)
Conversion of Units to Common Stock			0	0
Ending Balance	1,090,547		1,090,547
First Industrial, L.P. | Noncontrolling Interest
Noncontrolling Interest [Line Items]
Beginning Balance			1,080	1,095
Net Income			75	50
Contributions			61	57
Distributions			(85)	(388)
Ending Balance	$ 1,131	$ 814	$ 1,131	$ 814

Accumulated Other Comprehensi43

Accumulated Other Comprehensive Loss - Changes in AOCI (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ (13,867)
Other Comprehensive (Loss) Income Before Reclassifications	(18,521)
Amounts Reclassified from Accumulated Other Comprehensive Loss	16,803
Net Current Period Other Comprehensive (Loss) Income	(1,718)
Balance	(15,585)
Interest Rate Protection Agreements
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(14,402)
Other Comprehensive (Loss) Income Before Reclassifications	(18,601)
Amounts Reclassified from Accumulated Other Comprehensive Loss	16,803
Net Current Period Other Comprehensive (Loss) Income	(1,798)
Balance	(16,200)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(15)
Other Comprehensive (Loss) Income Before Reclassifications	15
Amounts Reclassified from Accumulated Other Comprehensive Loss	0
Net Current Period Other Comprehensive (Loss) Income	15
Balance	0
Comprehensive Income (Loss) Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	550
Other Comprehensive (Loss) Income Before Reclassifications	65
Amounts Reclassified from Accumulated Other Comprehensive Loss	0
Net Current Period Other Comprehensive (Loss) Income	65
Balance	615
First Industrial, L.P.
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(14,376)
Other Comprehensive (Loss) Income Before Reclassifications	(18,627)
Amounts Reclassified from Accumulated Other Comprehensive Loss	16,803
Net Current Period Other Comprehensive (Loss) Income	(1,824)
Balance	(16,200)
First Industrial, L.P. | Interest Rate Protection Agreements
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(14,402)
Other Comprehensive (Loss) Income Before Reclassifications	(18,601)
Amounts Reclassified from Accumulated Other Comprehensive Loss	16,803
Net Current Period Other Comprehensive (Loss) Income	(1,798)
Balance	(16,200)
First Industrial, L.P. | Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	26
Other Comprehensive (Loss) Income Before Reclassifications	(26)
Amounts Reclassified from Accumulated Other Comprehensive Loss	0
Net Current Period Other Comprehensive (Loss) Income	(26)
Balance	$ 0

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Loss - Amounts Reclassified from AOCI (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Mark-to-Market Loss on Interest Rate Protection Agreements	$ 0	$ 0	$ (11,546)	$ 0
Interest Expense	16,674	17,322	49,679	55,292
Total	(14,496)	(17,426)	(50,373)	(56,253)
Reclassification Out Of Accumulated Other Comprehensive Income | Interest Rate Protection Agreements
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total	1,430	1,221	16,803	4,129
Interest Rate Contract | Reclassification Out Of Accumulated Other Comprehensive Income | Interest Rate Protection Agreements
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest Expense	131	131	393	1,227
Interest Rate Swap | Reclassification Out Of Accumulated Other Comprehensive Income | Interest Rate Protection Agreements
Accumulated Other Comprehensive Income (Loss) [Line Items]
Mark-to-Market Loss on Interest Rate Protection Agreements	0	0	12,990	0
Interest Expense	$ 1,299	$ 1,090	$ 3,420	$ 2,902

Accumulated Other Comprehensi45

Accumulated Other Comprehensive Loss - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Accumulated Other Comprehensive Loss [Abstract]
Amortization to be reclassified from OCI into income	$ 425

Earnings Per Share_Unit (EPS_46

Earnings Per Share/Unit (EPS/EPU) - Computation of Basic and Diluted EPS/EPU (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Income from Continuing Operations	$ 14,465	$ 8,263	$ 31,499	$ 15,341
Noncontrolling Interest Allocable to Continuing Operations	(548)	(325)	(1,197)	(507)
Income from Continuing Operations Allocable to Participating Securities	(50)	(33)	(141)	(55)
Income from Continuing Operations Attributable to Common Stockholders / Unitholders	13,867	7,905	30,161	14,779
Preferred Dividends / Unit Distributions	0	0	0	(1,019)
Redemption of Preferred Stock / Units	0	0	0	(1,462)
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	13,867	7,905	30,161	12,298
Income from Discontinued Operations	0	13,932	0	16,125
Noncontrolling Interest Allocable to Discontinued Operations	0	(543)	0	(630)
Income from Discontinued Operations Allocable to Participating Securities	0	(57)	0	(68)
Income from Discontinued Operations Attributable to Common Stockholders / Unitholders	0	13,332	0	15,427
Net Income Available to Common Stockholders / Unitholders and Participating Securities	13,917	21,327	30,302	27,848
Net Income Allocable to Participating Securities	(50)	(90)	(141)	(123)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$ 13,867	$ 21,237	$ 30,161	$ 27,725
Denominator:
Weighted Average Shares / Units - Basic	110,356	110,072	110,338	109,856
LTIP performance units	492	199	397	442
Weighted Average Shares / Units - Diluted	110,848	110,271	110,735	110,298
Basic Earnings Per Share / Unit:
Income from Continuing Operations Available to Common Stockholders / Unitholders	$ 0.13	$ 0.07	$ 0.27	$ 0.11
Income from Discontinued Operations Attributable to Common Stockholders / Unitholders	0	0.12	0	0.14
Net Income Available to Common Stockholders / Unitholders	0.13	0.19	0.27	0.25
Diluted Earnings Per Share / Unit:
Income from Continuing Operations Available to Common Stockholders / Unitholders	0.13	0.07	0.27	0.11
Income from Discontinued Operations Attributable to Common Stockholders / Unitholders	0	0.12	0	0.14
Net Income Available to Common Stockholders / Unitholders	$ 0.13	$ 0.19	$ 0.27	$ 0.25
First Industrial, L.P.
Numerator:
Income from Continuing Operations	$ 14,465	$ 8,307	$ 31,614	$ 15,448
Noncontrolling Interest Allocable to Continuing Operations	(27)	(13)	(75)	(40)
Income from Continuing Operations Allocable to Participating Securities	(50)	(33)	(141)	(55)
Income from Continuing Operations Attributable to Common Stockholders / Unitholders	14,388	8,261	31,398	15,353
Preferred Dividends / Unit Distributions	0	0	0	(1,019)
Redemption of Preferred Stock / Units	0	0	0	(1,462)
Income from Continuing Operations Available to Unitholders	14,388	8,261	31,398	12,872
Income from Discontinued Operations	0	13,932	0	16,125
Noncontrolling Interest Allocable to Discontinued Operations	0	(8)	0	(10)
Income from Discontinued Operations Allocable to Participating Securities	0	(57)	0	(68)
Income from Discontinued Operations Attributable to Common Stockholders / Unitholders	0	13,867	0	16,047
Net Income Available to Common Stockholders / Unitholders and Participating Securities	14,438	22,218	31,539	29,042
Net Income Allocable to Participating Securities	(50)	(90)	(141)	(123)
Net Income Available to Unitholders	$ 14,388	$ 22,128	$ 31,398	$ 28,919
Denominator:
Weighted Average Shares / Units - Basic	114,720	114,512	114,705	114,346
LTIP performance units	492	199	397	442
Weighted Average Shares / Units - Diluted	115,212	114,711	115,102	114,788
Basic Earnings Per Share / Unit:
Income from Continuing Operations Available to Common Stockholders / Unitholders	$ 0.13	$ 0.07	$ 0.27	$ 0.11
Income from Discontinued Operations Attributable to Common Stockholders / Unitholders	0	0.12	0	0.14
Net Income Available to Common Stockholders / Unitholders	0.13	0.19	0.27	0.25
Diluted Earnings Per Share / Unit:
Income from Continuing Operations Available to Common Stockholders / Unitholders	0.12	0.07	0.27	0.11
Income from Discontinued Operations Attributable to Common Stockholders / Unitholders	0	0.12	0	0.14
Net Income Available to Common Stockholders / Unitholders	$ 0.12	$ 0.19	$ 0.27	$ 0.25

Earnings Per Share_Unit (EPS_47

Earnings Per Share/Unit (EPS/EPU) - Additional Information (Detail) - shares	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Unvested restricted stock / Unit awards	388,695	463,774

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amortization related to restricted stock awards and LTIP unit awards	$ 1,507	$ 1,351	$ 5,574	$ 6,248
Unrecognized compensation related to unvested restricted stock and unit awards	$ 7,047		$ 7,047
Weighted average period of unrecognized compensation expected to be recognized			343 days
Long-Term Incentive Program | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			0.00%
Long-Term Incentive Program | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			100.00%
Management | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock and unit awards to employees			216,975
Fair value of restricted stock and unit awards			$ 4,708
Vesting period of restricted stock			3 years
Compensation expense recognized at date of grant			$ 1,250	$ 1,451
Management | Long-Term Incentive Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock and unit awards to employees			264,432
Fair value of restricted stock and unit awards			$ 2,531
Director | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock and unit awards to employees			17,385
Fair value of restricted stock and unit awards			$ 350
Vesting period of restricted stock			1 year

Derivatives - Additional Inform

Derivatives - Additional Information (Detail) $ in Thousands	Sep. 11, 2015USD ($)agreement	Aug. 31, 2014USD ($)agreement	Jan. 31, 2014USD ($)agreement	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Derivative [Line Items]
Debt Instrument, Term	7 years
Unsecured Term Loan, face amount	$ 260,000
Swaps, notional amount	$ 260,000
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements				$ 0	$ 0	$ (11,546)	$ 0
Group I Swaps
Derivative [Line Items]
Debt Instrument, Term			7 years
Unsecured Term Loan, face amount			$ 200,000
Swaps, number of instruments held | agreement			4
Swaps, notional amount			$ 200,000
Swaps, variable rate			one month LIBOR
Swaps, weighted average fixed rate			2.29%
Group II Swaps
Derivative [Line Items]
Swaps, number of instruments held | agreement	6
Swaps, notional amount	$ 260,000
Swaps, variable rate	one month LIBOR
Swaps, weighted average fixed rate	1.79%
Group III Swaps
Derivative [Line Items]
Swaps, number of instruments held | agreement		3
Swaps, notional amount		$ 220,000
Swaps, variable rate		three month LIBOR
Swaps, weighted average fixed rate		2.5795%
Reclassification of fair value of interest rate protection agreements						12,990
Settlement payment on Swaps						11,546
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements						$ 11,546

Derivatives - Fair Value Measur

Derivatives - Fair Value Measurements on Recurring Basis (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Group I Swaps
Fair Value on Recurring Basis [Line Items]
Swaps	$ (10,148)
Group I Swaps | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value on Recurring Basis [Line Items]
Swaps	0
Group I Swaps | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value on Recurring Basis [Line Items]
Swaps	(10,148)
Group I Swaps | Fair Value, Measurements, Recurring | Unobservable Inputs (Level 3)
Fair Value on Recurring Basis [Line Items]
Swaps	0
Group II Swaps
Fair Value on Recurring Basis [Line Items]
Swaps	(4,322)
Group II Swaps | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value on Recurring Basis [Line Items]
Swaps	0
Group II Swaps | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value on Recurring Basis [Line Items]
Swaps	(4,322)
Group II Swaps | Fair Value, Measurements, Recurring | Unobservable Inputs (Level 3)
Fair Value on Recurring Basis [Line Items]
Swaps	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands, ft² in Millions	Sep. 30, 2015USD ($)ft²Property
Commitments and Contingencies Disclosure [Abstract]
Number of industrial properties under construction | Property	9
Gross leasable area (GLA) of industrial properties under construction | ft²	2.2
Estimated total investment	$ 148,200
Estimated total investment remaining to be funded	$ 73,100

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ in Thousands	1 Months Ended	9 Months Ended
	Oct. 30, 2015USD ($)Property	Sep. 30, 2015USD ($)Property	Sep. 30, 2014USD ($)
Subsequent Event [Line Items]
Number of industrial properties acquired		3
Purchase price of acquisitions | $		$ 73,179	$ 53,211
Number of industrial properties sold		15
Proceeds from the sale of industrial properties | $		$ 50,060
Subsequent Events
Subsequent Event [Line Items]
Number of industrial properties acquired	3
Number of land parcels acquired	2
Purchase price of acquisitions | $	$ 71,177
Number of industrial properties sold	29
Proceeds from the sale of industrial properties | $	$ 28,225
Extinguishment of mortgage debt | $	$ 22,910