XML 52 R30.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Indebtedness (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Information Regarding Indebtedness | The following table discloses certain information regarding our indebtedness:
|  | Outstanding Balance at |  |  | Interest Rate at December 31, 2012 |  |  | Effective Interest Rate at Issuance |  |  | Maturity Date
|  | December 31, 2012 |  |  | December 31, 2011 |  |  |  |
Mortgage and Other Loans Payable, Net |  | $ | 763,616 |  |  | $ | 690,256 |  |  |  | 4.03% –8.26% |  |  |  | 4.03% –8.26% |  |  | January 2014 – September 2022
Unamortized Premiums |  |  | (161 | ) |  |  | (305 | ) |  |  |  |  |  |  |  |  |  |
Mortgage and Other Loans Payable, Gross |  | $ | 763,455 |  |  | $ | 689,951 |  |  |  |  |  |  |  |  |  |  |
Senior Unsecured Notes, Net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2016 Notes |  | $ | 159,510 |  |  | $ | 159,455 |  |  |  | 5.750 | % |  |  | 5.91 | % |  | 01/15/16
2017 Notes |  |  | 55,385 |  |  |  | 59,600 |  |  |  | 7.500 | % |  |  | 7.52 | % |  | 12/01/17
2027 Notes |  |  | 6,066 |  |  |  | 6,065 |  |  |  | 7.150 | % |  |  | 7.11 | % |  | 05/15/27
2028 Notes |  |  | 55,261 |  |  |  | 124,894 |  |  |  | 7.600 | % |  |  | 8.13 | % |  | 07/15/28
2012 Notes |  |  | — |  |  |  | 61,817 |  |  |  | N/A |  |  |  | N/A |  |  | 04/15/12
2032 Notes |  |  | 11,500 |  |  |  | 34,683 |  |  |  | 7.750 | % |  |  | 7.87 | % |  | 04/15/32
2014 Notes |  |  | 79,683 |  |  |  | 86,997 |  |  |  | 6.420 | % |  |  | 6.54 | % |  | 06/01/14
2017 II Notes |  |  | 106,745 |  |  |  | 106,716 |  |  |  | 5.950 | % |  |  | 6.37 | % |  | 05/15/17
Subtotal |  | $ | 474,150 |  |  | $ | 640,227 |  |  |  |  |  |  |  |  |  |  |
Unamortized Discounts |  |  | 2,570 |  |  |  | 4,625 |  |  |  |  |  |  |  |  |  |  |
Senior Unsecured Notes, Gross |  | $ | 476,720 |  |  | $ | 644,852 |  |  |  |  |  |  |  |  |  |  |
Unsecured Credit Facility |  | $ | 98,000 |  |  | $ | 149,000 |  |  |  | 1.912 | % |  |  | 1.912 | % |  | 12/12/14
Mortgage Loans Originated | During the years ended December 31, 2012 and 2011, we originated or assumed the following mortgage loans:
Mortgage Financing |  | Loan Principal |  |  | Interest Rate |  |  | Origination Date |  | Maturity Date |  | Amortization Period |  | Number of Industrial Properties Collateralizing Mortgage |  |  | GLA (In millions) |  |  | Property Carrying Value at December 31, 2012 |
I-VI |  | $ | 100,599 |  |  |  | 4.03 | % |  | August 29, 2012 |  | September 2022 |  | 30-year |  |  | 31 |  |  |  | 3.8 |  |  | $ | 103,671 |
Mortgage Financing |  | Loan Principal |  |  | Interest Rate |  |  | Origination/Assumption Date |  | Maturity Date |  | Amortization Period |  | Number of Industrial Properties Collateralizing Mortgage |  |  | GLA (In millions) |  |  | Property Carrying Value at December 31, 2011 |
VII-XIV |  | $ | 178,300 |  |  |  | 4.45 | % |  | May 2, 2011 |  | June 2018 |  | 30-year |  |  | 32 |  |  |  | 5.9 |  |  | $ | 206,291 |
XV |  |  | 24,417 |  |  |  | 5.579 | % |  | May 26, 2011 |  | February 2016 |  | 30-year |  |  | 1 |  |  |  | 0.7 |  |  |  | 28,991 |
XVI-XXVI |  |  | 77,600 |  |  |  | 4.85 | % |  | September 23, 2011 |  | October 2021 |  | 30-year |  |  | 24 |  |  |  | 2.3 |  |  |  | 84,403 |
|  | $ | 280,317 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 319,685 |
Senior Unsecured Notes Repurchases | During the years ended December 31, 2012 and 2011, we repurchased and retired the following senior unsecured notes prior to maturity:
|  | Principal Amount Repurchased |  |  | Purchase Price |
|  | For the Year Ended December 31, 2012 |  |  | For the Year Ended December 31, 2011 |  |  | For the Year Ended December 31, 2012 |  |  | For the Year Ended December 31, 2011 |
2014 Notes |  | $ | 9,000 |  |  | $ | 1,144 |  |  | $ | 9,439 |  |  | $ | 1,143 |
2016 Notes |  |  | — |  |  |  | 500 |  |  |  | — |  |  |  | 475 |
2017 Notes |  |  | 4,223 |  |  |  | 27,619 |  |  |  | 4,632 |  |  |  | 27,506 |
2017 II Notes |  |  | — |  |  |  | 10,969 |  |  |  | — |  |  |  | 10,182 |
2027 Notes |  |  | — |  |  |  | 7,500 |  |  |  | — |  |  |  | 7,500 |
2028 Notes |  |  | 69,680 |  |  |  | 65,025 |  |  |  | 72,541 |  |  |  | 63,861 |
2032 Notes |  |  | 23,400 |  |  |  | — |  |  |  | 24,001 |  |  |  | — |
|  | $ | 106,303 |  |  | $ | 112,757 |  |  | $ | 110,613 |  |  | $ | 110,667 |
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 ending December 31, and thereafter:
|  | Amount |
2013 |  | $ | 14,339 |
2014 |  |  | 234,097 |
2015 |  |  | 63,636 |
2016 |  |  | 295,309 |
2017 |  |  | 174,153 |
Thereafter |  |  | 556,641 |
Total |  | $ | 1,338,175 |
Summary of Indebtedness at Estimated Fair Value | At December 31, 2012 and 2011, the fair value of our indebtedness was as follows:
|  | December 31, 2012 |  |  | December 31, 2011 |
|  | Carrying Amount |  |  | Fair Value |  |  | Carrying Amount |  |  | Fair Value |
Mortgage and Other Loans Payable, Net |  | $ | 763,616 |  |  | $ | 814,915 |  |  | $ | 690,256 |  |  | $ | 743,419 |
Senior Unsecured Debt, Net |  |  | 474,150 |  |  |  | 516,943 |  |  |  | 640,227 |  |  |  | 630,622 |
Unsecured Credit Facility |  |  | 98,000 |  |  |  | 98,192 |  |  |  | 149,000 |  |  |  | 149,000 |
Total |  | $ | 1,335,766 |  |  | $ | 1,430,050 |  |  | $ | 1,479,483 |  |  | $ | 1,523,041 |

X
- Definition Tabular disclosure of mortgage loans originated during the period. + References No definition available. + Details
Name: | fr_MortgageLoansOriginatedTableTextBlock
Namespace Prefix: | fr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7516071&loc=d3e13374-112631 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 26 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 140 -Paragraph 16, 17 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_ScheduleOfExtinguishmentOfDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration