FIRST INDUSTRIAL REALTY TRUST INCFR

FIRST INDUSTRIAL REALTY TRUST INC Commitments Disclosure

10-KFiled Feb 11, 20261 min read
Commitments and Contingencies
In the normal course of business, we are involved in legal actions arising from the ownership and operation of our industrial properties. In our opinion, any liabilities that may result from such legal actions are not expected to have a materially adverse effect on our consolidated financial position, results of operations or liquidity.
At December 31, 2025, we had outstanding letters of credit and performance bonds in the aggregate amount of $35,857.
In conjunction with the development of industrial properties, we have entered into construction agreements with general contractors for the development of industrial properties. At December 31, 2025, we had six projects under construction, totaling approximately 1.1 million square feet of GLA. The estimated total investment for these projects as of December 31, 2025, is approximately $187,100 (unaudited). Of this amount, approximately $87,000 (unaudited) remains to be funded. There can be no assurance that actual completion costs will not exceed the estimated amounts.

Historical Timeline

Fiscal YearFiled
2025Feb 11, 2026Showing above
2024Feb 14, 2025
2023Feb 14, 2024
2022Feb 16, 2023
2021Feb 18, 2022
2020Feb 16, 2021
2019Feb 13, 2020
2018Feb 20, 2019
2017Feb 26, 2018
2016Feb 24, 2017
2015Feb 25, 2016

About Commitments Disclosures

Commitments and contingencies disclosures catalog a company's off-balance-sheet obligations and legal exposures — purchase commitments, guarantee arrangements, pending litigation, and regulatory proceedings. These items represent potential future cash outflows that may not appear as liabilities on the balance sheet until they become probable and estimable.

Key signals: litigation reserves and disclosed loss ranges quantify management's estimate of legal exposure, but unquantified "reasonably possible" losses often represent the larger risk. Watch for changes in language around pending cases — shifts from "remote" to "reasonably possible" or increases in estimated loss ranges signal deteriorating outcomes. Unconditional purchase obligations and take-or-pay contracts create fixed cost structures that reduce operational flexibility. Guarantee arrangements for subsidiaries or joint ventures can create cascading obligations. Compare the total commitment schedule against projected free cash flow to assess whether the company can meet its obligations without additional financing.

Other Available Disclosures

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