XML 55 R32.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Indebtedness (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Debt Disclosure [Abstract] |
Information Regarding Indebtedness | The following table discloses certain information regarding our indebtedness:
| Outstanding Balance at |  | Interest Rate at December 31, 2013 |  | Effective Interest Rate at Issuance |  | Maturity Date |
| December 31, 2013 |  | December 31, 2012 |  |
Mortgage Loans Payable, Net | $ | 677,890 |  |  | $ | 763,616 |  |  | 4.03% – 8.26% |  | 4.03% – 8.26% |  | October 2014 – September 2022 |
Unamortized Premiums | (115 | ) |  | (161 | ) |  |  |  |  |  |  |
Mortgage Loans Payable, Gross | $ | 677,775 |  |  | $ | 763,455 |  |  |  |  |  |  |  |
Senior Unsecured Notes, Net |  |  |  |  |  |  |  |  |  |
2016 Notes | $ | 159,566 |  |  | $ | 159,510 |  |  | 5.750% |  | 5.91% |  | 1/15/2016 |
2017 Notes | 54,960 |  |  | 55,385 |  |  | 7.500% |  | 7.52% |  | 12/1/2017 |
2027 Notes | 6,066 |  |  | 6,066 |  |  | 7.150% |  | 7.11% |  | 5/15/2027 |
2028 Notes | 31,883 |  |  | 55,261 |  |  | 7.600% |  | 8.13% |  | 7/15/2028 |
2032 Notes | 10,514 |  |  | 11,500 |  |  | 7.750% |  | 7.87% |  | 4/15/2032 |
2014 Notes | 81,149 |  |  | 79,683 |  |  | 6.420% |  | 6.54% |  | 6/1/2014 |
2017 II Notes | 101,778 |  |  | 106,745 |  |  | 5.950% |  | 6.37% |  | 5/15/2017 |
Subtotal | $ | 445,916 |  |  | $ | 474,150 |  |  |  |  |  |  |  |
Unamortized Discounts | 980 |  |  | 2,570 |  |  |  |  |  |  |  |
Senior Unsecured Notes, Gross | $ | 446,896 |  |  | $ | 476,720 |  |  |  |  |  |  |  |
Unsecured Credit Facility* | $ | 173,000 |  |  | $ | 98,000 |  |  | 1.666% |  | 1.666% |  | 9/29/2017 |
* The maturity date may be extended an additional year at our election, subject to certain restrictions.
Mortgage Loans Originated | During the year ended December 31, 2012, we originated 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) |  | Properties Carrying Value at December 31, 2012
I-VI |  | $ | 100,599 |  |  | 4.03 | % |  | August 2012 |  | September 2022 |  | 30-year |  | 31 |  |  | 3.8 |  |  | $ | 103,671 |
Senior Unsecured Notes Repurchases | During the years ended December 31, 2013 and 2012, we repurchased and retired the following senior unsecured notes prior to maturity:
| Principal Amount Repurchased |  | Purchase Price
| For the Year Ended December 31, 2013 |  | For the Year Ended December 31, 2012 |  | For the Year Ended December 31, 2013 |  | For the Year Ended December 31, 2012
2014 Notes | $ | — |  |  | $ | 9,000 |  |  | $ | — |  |  | $ | 9,439 |
2017 Notes | 430 |  |  | 4,223 |  |  | 482 |  |  | 4,632 |
2017 II Notes | 5,000 |  |  | — |  |  | 5,300 |  |  | — |
2028 Notes | 23,394 |  |  | 69,680 |  |  | 26,547 |  |  | 72,541 |
2032 Notes | 1,000 |  |  | 23,400 |  |  | 1,163 |  |  | 24,001 |
Total | $ | 29,824 |  |  | $ | 106,303 |  |  | $ | 33,492 |  |  | $ | 110,613 |
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
2014 | $ | 113,321 |
2015 | 37,762 |
2016 | 272,618 |
2017 | 341,723 |
2018 | 168,341 |
Thereafter | 363,906 |
Total | $ | 1,297,671 |
Summary of Indebtedness at Estimated Fair Value | At December 31, 2013 and 2012, the fair value of our indebtedness was as follows:
| December 31, 2013 |  | December 31, 2012
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Mortgage Loans Payable, Net | $ | 677,890 |  |  | $ | 684,914 |  |  | $ | 763,616 |  |  | $ | 814,915 |
Senior Unsecured Debt, Net | 445,916 |  |  | 482,781 |  |  | 474,150 |  |  | 516,943 |
Unsecured Credit Facility | 173,000 |  |  | 173,000 |  |  | 98,000 |  |  | 98,192 |
Total | $ | 1,296,806 |  |  | $ | 1,340,695 |  |  | $ | 1,335,766 |  |  | $ | 1,430,050 |

X
- Definition Mortgage Loans Originated Table + References No definition available. + Details
Name: | fr_MortgageLoansOriginatedTableTableTextBlock
Namespace Prefix: | fr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 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 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: 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 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 SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 7: 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 8: 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 Reference 9: 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 10: 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 11: 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 + 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 + 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