First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc.

53.76
USD
-0.16
(-0.30%)
2.83EPS
22.07P/E
7.89BMarket Cap
Feb 10Next Earn

Total Valuation

USD

As of September 30, 2026, First Industrial Realty Trust, Inc. carries a market capitalization of 7.89B, placing it among publicly traded companies globally. Its enterprise value stands at 10.61B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap7.89B
Enterprise Value10.61B

Important Dates

First Industrial Realty Trust, Inc.'s next confirmed earnings release is scheduled for February 10, 2027.

Earnings Date2/10/2027

Share Statistics

As of September 30, 2026, First Industrial Realty Trust, Inc. has 132.58M shares outstanding.

Shares Outstanding132.58M

Valuation Ratios

As of September 30, 2026, First Industrial Realty Trust, Inc. trades at a trailing price-to-earnings ratio of 22.07. The price-to-sales ratio is 10.18, and the price-to-book ratio stands at 2.84.

PE Ratio22.07
PS Ratio10.18
PB Ratio2.84
P/TBV Ratio2.84
P/FCF Ratio17.91
P/OCF Ratio17.90

Enterprise Valuation

As of September 30, 2026, First Industrial Realty Trust, Inc. trades at an EV/EBITDA multiple of 19.98 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 13.68 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 32.96 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. First Industrial Realty Trust, Inc. trades at an EV/FCF ratio of 19.91, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 10.61B versus a market cap of 7.89B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales13.68
EV / EBITDA19.98
EV / EBIT32.96
EV / FCF19.91

Financial Position

As of September 30, 2026, First Industrial Realty Trust, Inc. maintains a current ratio of 0.71, meaning it holds 0.7x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 92.69, indicating elevated leverage, while an interest coverage ratio of 5.59 demonstrates adequate ability to service its debt obligations.

Current Ratio0.71
Quick Ratio0.71
Debt / Equity92.69
Debt / EBITDA5.01
Interest Coverage5.59

Financial Efficiency

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Over the twelve months ended September 30, 2026, First Industrial Realty Trust, Inc. posted a return on equity (ROE) of 13.18, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 5.81 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 6.28, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 8.08, useful for judging operating efficiency across full business cycles. The company generates approximately 5.10M in revenue per employee across its workforce of 152.00, a quick read on workforce productivity versus industry peers.

Return on Equity (ROE)13.18
Return on Assets (ROA)6.28
Return on Invested Capital (ROIC)5.81
Return on Capital Employed (ROCE)8.08
Revenue Per Employee5.10M
Employee Count152.00

Taxes

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Over the twelve months ended September 30, 2026, First Industrial Realty Trust, Inc. recorded 12.26M in income tax expense. That works out to an effective tax rate of 3.44, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 356.23M, leaving 357.60M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax12.26M
Effective Tax Rate3.44

Stock Price Statistics

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As of the close on November 6, 2026, First Industrial Realty Trust, Inc.'s stock has declined approximately 2.49% over the past 52 weeks. The 50-day moving average sits at 59.15, while the 200-day moving average is 61.26.

52-Week Price Change-2.49%
50-Day Moving Average59.15
200-Day Moving Average61.26

Income Statement

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Over the twelve months ended September 30, 2026, First Industrial Realty Trust, Inc. generated 775.29M in revenue and converted that into 357.60M in net income, yielding earnings per share of 2.83. EBITDA reached 530.94M, while operating income came in at 321.79M.

Revenue775.29M
Gross Profit571.81M
Operating Income321.79M
Pretax Income356.23M
Net Income357.60M
EBITDA530.94M
EBIT321.79M
Earnings Per Share (EPS)2.83

Balance Sheet

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As of September 30, 2026, First Industrial Realty Trust, Inc. holds 42.43M in cash and equivalents against 2.66B in total debt, resulting in a net debt position of 2.60B. Total book value stands at 2.78B, with working capital of -98.45M providing operational flexibility.

Cash & Cash Equivalents42.43M
Total Debt2.66B
Net Debt2.60B
Equity (Book Value)2.78B
Book Value Per Share20.94
Working Capital-98.45M

Cash Flow

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First Industrial Realty Trust, Inc. produced 441.00M in operating cash flow over the twelve months ended September 30, 2026.

Operating Cash Flow441.00M
Free Cash Flow441.00M
FCF Per Share3.33

Margins

Over the twelve months ended September 30, 2026, First Industrial Realty Trust, Inc. posted a gross margin of 73.75, reflecting its pricing power and cost economics. The operating margin of 41.51 and net profit margin of 46.12 provide insight into operational efficiency.

Gross Margin73.75
Operating Margin41.51
Pretax Margin45.95
Profit Margin46.12
EBITDA Margin68.48

Dividends & Yields

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Over the twelve months ended September 30, 2026, First Industrial Realty Trust, Inc. paid dividends of 1.94 per share. The dividend payout ratio of 65.44 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 5.58, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 0.47, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to First Industrial Realty Trust, Inc. shareholders.

Dividend Per Share1.94
Payout Ratio65.44
Shareholder Yield0.47
FCF Yield5.58

Scores

As of September 30, 2026, First Industrial Realty Trust, Inc. has an Altman Z-Score of 1.94, near the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score1.94