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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 37,123 $ 63,583
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 28,159 26,254
Amortization of Debt Issuance Costs 756 949
Other Amortization, including Equity Based Compensation 8,330 7,985
Equity in Loss of Joint Ventures 22 73
Gain on Sale of Real Estate 0 (34,645)
Straight-line Rental Income and Expense, Net (4,247) (5,482)
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (8,692) (7,617)
Decrease in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits (1,553) (9,695)
Net Cash Provided by Operating Activities 59,898 41,405
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (83,391) (23,877)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (115,666) (62,136)
Net Proceeds from Sales of Investments in Real Estate 0 65,535
Contributions to and Investments in Joint Ventures (1,383) (741)
Increase in Escrow Deposits and Other Investing Activity (2,580) (843)
Net Cash Used in Investing Activities (203,020) (22,062)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing and Equity Issuance Costs (7) (60)
Proceeds from the Issuance of Common Stock, Net of Underwriter's Discount 12,823 0
Tax Paid on Vested Equity Compensation (2,942) (5,126)
Common Stock Dividends and Unit Distributions Paid (36,206) (32,844)
Contributions from Noncontrolling Interests 103 0
Repayments on Mortgage Loans Payable (784) (1,273)
Proceeds from Unsecured Credit Facility 168,000 0
Repayments on Unsecured Credit Facility (12,000) 0
Net Cash Provided by (Used in) Financing Activities 128,987 (39,303)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (14,135) (19,960)
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 58,780 199,658
Cash, Cash Equivalents and Restricted Cash, End of Period 44,645 179,698
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:    
Interest Expense Capitalized in Connection with Development Activity and Joint Venture Investment 4,069 1,923
Cash Paid for Operating Lease Liabilities 807 798
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 40,298 36,118
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0
Assumption of Liabilities in Connection with the Acquisition of Real Estate 151 669
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 105,390 32,472
Tenant Improvements Funded by Tenant 0 15,992
Write-off of Fully Depreciated Assets (5,428) (5,283)
Noncontrolling Interests    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 865 1,385
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units (36) (22)
Common Stock    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0
Additional Paid-in Capital    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 36 22
First Industrial, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 37,123 63,583
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 28,159 26,254
Amortization of Debt Issuance Costs 756 949
Other Amortization, including Equity Based Compensation 8,330 7,985
Equity in Loss of Joint Ventures 22 73
Gain on Sale of Real Estate 0 (34,645)
Straight-line Rental Income and Expense, Net (4,247) (5,482)
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (8,661) (7,622)
Decrease in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits (1,553) (9,695)
Net Cash Provided by Operating Activities 59,929 41,400
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (83,391) (23,877)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (115,666) (62,136)
Net Proceeds from Sales of Investments in Real Estate 0 65,535
Contributions to and Investments in Joint Ventures (1,383) (741)
Increase in Escrow Deposits and Other Investing Activity (2,580) (843)
Net Cash Used in Investing Activities (203,020) (22,062)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing and Equity Issuance Costs (7) (60)
Proceeds from the Issuance of Common Stock, Net of Underwriter's Discount 12,823 0
Tax Paid on Vested Equity Compensation (2,942) (5,126)
Common Stock Dividends and Unit Distributions Paid (36,206) (32,844)
Contributions from Noncontrolling Interests 112 29
Distributions to Noncontrolling Interests (40) (24)
Repayments on Mortgage Loans Payable (784) (1,273)
Proceeds from Unsecured Credit Facility 168,000 0
Repayments on Unsecured Credit Facility (12,000) 0
Net Cash Provided by (Used in) Financing Activities 128,956 (39,298)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (14,135) (19,960)
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 58,780 199,658
Cash, Cash Equivalents and Restricted Cash, End of Period 44,645 179,698
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:    
Interest Expense Capitalized in Connection with Development Activity and Joint Venture Investment 4,069 1,923
Cash Paid for Operating Lease Liabilities 807 798
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 40,298 36,118
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0
Assumption of Liabilities in Connection with the Acquisition of Real Estate 151 669
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 105,390 32,472
Tenant Improvements Funded by Tenant 0 15,992
Write-off of Fully Depreciated Assets (5,428) (5,283)
First Industrial, L.P. | Limited Partner Units    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 868 1,389
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units (36) (22)
First Industrial, L.P. | General Partner Units    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 36,237 62,176
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units $ 36 $ 22