1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current report pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
------------------
Commission File Number 333-21873
Date of Report (date of earliest event reported): MARCH 29, 2001
FIRST INDUSTRIAL, L.P.
(Exact name of Registrant as specified in its Charter)
DELAWARE 36-3924586
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
311 S. WACKER DRIVE, SUITE 4000, CHICAGO, ILLINOIS 60606
(Address of principal executive offices)
(312) 344-4300
(Registrant's telephone number, including area code)
2
ITEM 5. OTHER EVENTS
FIRST INDUSTRIAL, L.P.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
2000 1999 1998 1997 1996
----------- ----------- ----------- ----------- -----------
Income from Operations Before Disposition
of Interest Rate Protection Agreements
and Restructuring Charge.................. $ 104,386 $ 126,073 $ 98,400 $ 53,519 $ 32,577
Plus: Interest Expense and Amortization
of Interest Rate Protection Agreements
and Deferred Financing Costs.............. 82,568 78,094 69,713 25,468 4,881
----------- ----------- ----------- ----------- -----------
Earnings Before Disposition of Interest
Rate Protection Agreements, Restructuring
Charge and Fixed Charges.................. $ 186,954 $ 204,167 $ 168,113 $ 78,987 $ 37,458
=========== =========== =========== =========== ===========
Fixed Charges ............................ $ 87,771 $ 83,662 $ 73,356 $ 26,619 $ 5,382
=========== =========== =========== =========== ===========
Ratio of Earnings to Fixed Charges (a).... 2.13x 2.44x 2.29x 2.97x 6.96x
=========== =========== =========== =========== ===========
(a) For purposes of computing the ratios of earnings to fixed charges,
earnings have been calculated by adding fixed charges (excluding
capitalized interest) to income from operations before disposition of
interest rate protection agreements and restructuring charge. Fixed
charges consist of interest costs, whether expensed or capitalized and
amortization of interest rate protection agreements and deferred
financing charges.
1
3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
FIRST INDUSTRIAL, L.P.
BY: FIRST INDUSTRIAL REALTY TRUST, INC.
March 29, 2001 By: /s/ Scott A. Musil
----------------------------------------
Scott A. Musil
Senior V. P. - Controller