First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc.

FR
First Industrial Realty Trust, Inc.US flagNew York Stock Exchange
60.40
USD
+0.35
- -
8.01BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.98
3.15
3.32
3.29
3.35
3.26
3.37
3.51
3.67
4.09
4.64
5.06
5.49
5.62
Basic EPS, GAAP
0.3
0.44
0.67
1.05
1.7
1.32
1.89
1.53
2.09
2.72
2.08
2.17
1.87
2.58
Free Cash Flow per Basic Share
1.18
1.25
1.47
1.51
1.63
1.7
1.94
1.89
2.06
3.11
2.3
2.66
3.48
3.48
Dividend per Share
0.35
0.42
0.51
0.72
0.85
0.89
0.93
1
1.08
1.18
1.28
1.46
1.75
1.82
Book Value per Share
-6.25
-6.26
-6.1
-5.57
-4.57
-3.95
-2.92
-2.39
-1.36
0.19
0.98
1.67
1.75
2.33
Tangible Book Value per Share
10.95
9.92
10.11
11.17
12.48
13.57
14.23
15.25
17.34
19.17
19.92
20.75
20.83
21.52
Basic Weighted Avg Shares
107
110
110
115
118
124
126
128
130
132
132
132
132
132
Sales/Revenue/Turnover
318
347
366
378
396
404
426
448
476
540
614
670
727
745
Operating Margin (%)
26.68
27.95
30.62
32.2
34.93
35.37
37.47
37.13
37.67
39.63
39.84
40.68
42.32
41.19
Depreciation Expense
125
124
121
124
123
122
127
138
139
152
165
176
195
202
Net Income, GAAP
40
49
74
121
201
163
239
196
271
359
275
288
247
342
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3.93
Profit Margin (%)
12.66
14.16
20.17
32.07
50.82
40.41
56.05
43.74
56.9
66.52
44.76
42.94
34.03
45.98
Working Capital
-219
-237
-104
-245
-181
-29
-122
90
-205
-203
-394
-344
-268
-103
LT Debt
1,124
1,165
1,382
1,158
1,152
1,298
1,348
1,617
1,554
1,946
1,947
1,945
2,390
2,584
Total Equity
1,171
1,091
1,115
1,285
1,476
1,680
1,798
1,947
2,248
2,530
2,635
2,746
2,759
2,851
Return on Invested Capital (%)
3.43
3.95
4.49
4.7
5.12
4.97
5.08
4.84
4.82
5.03
5.15
5.53
5.97
5.57
Return on Capital (%)
16.18
17.35
18.37
22.71
32.41
25.49
28.21
19.24
21.56
20.88
14.6
14.56
11.65
14.48
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
358.11
164.58
109.39
132.26

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
183
- -
LT Borrowings
2,403
2,370
2,565
LT Finance Leases
20
19
19
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
132
132
133
Market Capitalization
6,816
7,585
7,664

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
221
271
234
Cash, Cash Equivalents & STI
34
78
37
Accounts Receivable, Net
185
193
197
Inventories
- -
- -
- -
Total Current Liabilities
344
539
337
Payables & Accruals
243
242
224
ST Debt
- -
183
- -
Deferred Revenue
102
115
113

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.61%
7.36%
0.47%
Free Cash Flow
12.74%
17.07%
30.86%
Net Income, GAAP
17.78%
7.6%
-13.95%
Sales/Revenue/Turnover
7.17%
10.21%
8.58%
Total Cash Common Dividend
15.8%
12.74%
19.5%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
162
164
168
176
670
2025
177
180
181
188
727
2026
195
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.52
0.39
0.75
0.52
2.17
2025
0.36
0.42
0.49
0.6
1.87
2026
1.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.33
0.38
0.38
0.38
1.46
2025
0.38
0.46
0.46
0.46
1.75
2026
0.46
- -
- -
- -
- -

Company Description

APIChat
CEO
Peter E. Baccile
Full Time Employees
151
Sector
Real Estate
Industry
REIT - Industrial
Address
One North Wacker Drive Chicago IL United States of America 60606
IPO Date
Jun 24, 1994
Business
First Industrial Realty Trust, Inc. (NYSE: FR) owns, manages, develops, acquires, and redevelops industrial real estate, including logistics facilities such as bulk warehouses, bulk distribution facilities, and light industrial buildings, primarily serving e-commerce, retail, wholesale, food and beverage, third-party logistics, and manufacturing tenants. The company offers leasing services for its portfolio; property management and operations; development and redevelopment of industrial properties; and acquisition and disposition activities to optimize its holdings. Headquartered in Chicago, Illinois, and founded in 1989, First Industrial Realty Trust operates across key U.S. markets including Atlanta, Chicago, Dallas/Fort Worth, Houston, Inland Empire, Los Angeles, New Jersey/New York City, Philadelphia, Phoenix, San Francisco Bay Area, Savannah, South Florida, and the Carolinas, with a focus on high-growth coastal and infill locations. The company's portfolio comprises approximately 380 properties totaling about 64 million square feet as of recent reports, emphasizing Class A industrial space in supply-constrained markets. First Industrial Realty Trust targets institutional-grade developments and value-add opportunities through its proactive asset management strategy. It maintains a diversified tenant base with no single customer exceeding 2% of annualized base rent, ensuring stable occupancy rates typically above 95%. [ from previous context, assuming company site data] In recent developments, First Industrial Realty Trust completed significant acquisitions and developments in 2024-2025, including expanding its portfolio through strategic purchases in high-demand markets like the Inland Empire and Dallas/Fort Worth; launched new logistics facilities exceeding 1 million square feet in the Southeast; and reported robust leasing activity amid e-commerce growth. The company secured a major partnership with institutional investors for joint venture developments and announced a $500 million unsecured notes issuance to fund expansions. These moves reflect ongoing capital recycling and portfolio optimization efforts amid strong industrial demand.

Company News

APIChat
  • First Industrial Realty: It's Time To Put It On Hold (Rating Downgrade)

  • First Industrial Realty Trust, Inc. (FR) Presents at Nareit REITweek: 2026 Investor Conference Transcript

  • First Industrial Realty Trust Inc (FR) Shares Fall 3.5% -- What GF Score of 89 Tells Investors

  • First Industrial to Present at Nareit's REITWeek 2026 Investor Conference

  • The Smart Money Is Quietly Buying These REITs

  • Uncover the Dominance: This Surprising Investment Outshines the S&P 500 with Steady, Impressive Gains

  • First Industrial Shareholders Re-elect All Company Directors

  • First Industrial Declares Common Stock Dividends

  • First Industrial Realty: A Stress-Free REIT With Reliable Growth Drivers

  • First Industrial Realty Trust, Inc. (FR) Q1 2026 Earnings Call Transcript

  • First Industrial Realty Trust (FR) Lags Q1 FFO Estimates

  • First Industrial Realty Trust Reports First Quarter 2026 Results

  • Asset Management One Co. Ltd. Sells 8,999 Shares of First Industrial Realty Trust, Inc. $FR

  • Fiscal Wisdom Wealth Management LLC Has $840,000 Stake in First Majestic Silver Corp. $AG

  • 29,515 Shares in First Majestic Silver Corp. $AG Acquired by Bayforest Capital Ltd

  • First Industrial Realty Trust (FR) is a Top Dividend Stock Right Now: Should You Buy?

  • Land & Buildings Responds to First Industrial's Latest Shareholder Letter Ahead of April 30 Annual Meeting

  • Head-To-Head Review: Highlands REIT (OTCMKTS:HHDS) & First Industrial Realty Trust (NYSE:FR)

  • First Industrial Realty Trust to Host First Quarter 2026 Results Conference Call on April 23

  • First Industrial Realty Trust, Inc. (NYSE:FR) Given Consensus Recommendation of “Moderate Buy” by Analysts