Security
First Industrial Realty Trust, Inc. · FR
FRNYSEETFCurrentCIK 921825Updated Oct 23, 2026
FR price & chart
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NYSE:FR on TradingView ↗About the company
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. In total, we own and have under development approximately 71.6 million square feet of industrial space concentrated in 15 target MSAs as of December 31, 2025. For more information, please visit us at www.firstindustrial.com.
In the news
First Industrial Realty Trust Reports Third Quarter 2026 Results ↗
Recent filings
10-Q filing
4 filing
4 filing
4 filing
SCHEDULE 13G - filed by VANGUARD CAPITAL MANAGEMENT LLC regarding FIRST INDUSTRIAL REALTY TRUST INC
Show 5 more recent filings
SCHEDULE 13G - filed by VANGUARD PORTFOLIO MANAGEMENT LLC regarding FIRST INDUSTRIAL REALTY TRUST INC
10-Q filing
PX14A6G - filed by Land & Buildings Investment Management, LLC regarding FIRST INDUSTRIAL REALTY TRUST INC
DEFA14A filing
PX14A6G - filed by Land & Buildings Investment Management, LLC regarding FIRST INDUSTRIAL REALTY TRUST INC
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 5,507,547,000Source | 5,200,520,000Source | 5,780,665,000Source | 5,452,115,000Source | 5,205,962,000Source | 5,772,370,000Source | 5,448,054,000Source | 5,200,381,000Source | 5,688,081,000Source | 5,261,426,000Source | 5,175,765,000Source | 4,954,322,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 33,506,000Source | 47,123,000Source | 46,052,000Source | 34,949,000Source | 38,545,000Source | 37,147,000Source | 35,738,000Source | 48,884,000Source | 78,032,000Source | 44,512,000Source | 43,844,000Source | 133,244,000Source |
| Accounts Receivable | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Operating Lease, Right-of-Use AssetUSD | 19,905,000Source | 19,896,000Source | 19,022,000Source | 19,311,000Source | 20,075,000Source | 19,342,000Source | 19,535,000Source | 24,094,000Source | 19,589,000Source | 19,866,000Source | 24,211,000Source | 24,580,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 2,766,759,000Source | 2,488,730,000Source | 2,911,035,000Source | 2,717,722,000Source | 2,526,783,000Source | 2,921,071,000Source | 2,704,832,000Source | 2,527,113,000Source | 2,929,151,000Source | 2,515,398,000Source | 2,540,660,000Source | 2,424,023,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 1,324,000Source | 1,323,000Source | 1,326,000Source | 1,324,000Source | 1,323,000Source | 1,326,000Source | 1,324,000Source | 1,323,000Source | 1,325,000Source | 1,323,000Source | 1,323,000Source | 1,321,000Source |
| Additional Paid in CapitalUSD | 2,433,808,000Source | 2,421,738,000Source | 2,445,366,000Source | 2,431,682,000Source | 2,418,232,000Source | 2,442,693,000Source | 2,429,120,000Source | 2,414,364,000Source | 2,436,238,000Source | 2,425,253,000Source | 2,411,673,000Source | 2,401,334,000Source |
| Retained Earnings (Accumulated Deficit)USD | 210,966,000Source | 199,713,000Source | 317,478,000Source | 204,660,000Source | 149,413,000Source | 306,731,000Source | 208,434,000Source | 147,104,000Source | 230,668,000Source | 219,095,000Source | 127,707,000Source | 23,131,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 5,255,000Source | 9,633,000Source | 11,325,000Source | 7,356,000Source | 31,653,000Source | 7,050,000Source | 12,199,000Source | 32,374,000Source | 3,159,000Source | 19,936,000Source | 22,272,000Source | 33,412,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,651,353,000Source | 2,632,407,000Source | 2,775,495,000Source | 2,645,022,000Source | 2,600,621,000Source | 2,757,800,000Source | 2,651,077,000Source | 2,595,165,000Source | 2,671,390,000Source | 2,665,607,000Source | 2,562,975,000Source | 2,459,198,000Source |
| Liabilities and EquityUSD | 5,507,547,000Source | 5,200,520,000Source | 5,780,665,000Source | 5,452,115,000Source | 5,205,962,000Source | 5,772,370,000Source | 5,448,054,000Source | 5,200,381,000Source | 5,688,081,000Source | 5,261,426,000Source | 5,175,765,000Source | 4,954,322,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 89,435,000Source | 79,383,000Source | 94,135,000Source | 89,371,000Source | 78,558,000Source | 93,499,000Source | 92,145,000Source | 78,103,000Source | 87,540,000Source | 80,421,000Source | 72,130,000Source | 71,101,000Source |
| Additional Financial Items | ||||||||||||
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 14,681,000Source | — | 2,171,000Source | 22,222,000Source |
| Dividends PayableUSD | 61,582,000Source | 50,970,000Source | 69,460,000Source | 61,397,000Source | 50,658,000Source | 69,349,000Source | 61,467,000Source | 50,695,000Source | 62,656,000Source | 51,189,000Source | 44,201,000Source | 41,259,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 67,364,000Source | 102,173,000Source | 79,694,000Source | 56,879,000Source | 147,918,000Source | 52,884,000Source | 264,079,000Source | 295,988,000Source | 285,837,000Source | 381,612,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 88,892,000Source | 88,566,000Source | 461,263,000Source | 352,488,000Source | 304,815,000Source | 410,943,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -72,477,000Source | -213,348,000Source | -524,179,000Source | -131,620,000Source | -378,306,000Source | -629,108,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | 1,169,000Source | 340,000Source | -1,596,000Source | -4,761,000Source | -2,739,000Source | 1,608,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 2,267,000Source | 1,315,000Source | 1,615,000Source | 2,070,000Source | 2,510,000Source | 2,942,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -57,300,000Source | 110,510,000Source | 89,266,000Source | -213,030,000Source | -27,783,000Source | 304,503,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 60,378,000Source | 50,087,000Source | 231,220,000Source | 193,482,000Source | 169,368,000Source | 155,333,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 36,806,000Source | 55,189,000Source | 114,174,000Source | 34,949,000Source | 37,147,000Source | 37,410,000Source | 78,032,000Source | 51,682,000Source | 43,844,000Source | 145,118,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | 69,043,000Source | 82,871,000Source | 72,881,000Source | 46,445,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 5,889,000Source | 5,299,000Source | 27,754,000Source | 3,760,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 2,020,000Source | 3,581,000Source | 2,611,000Source | 2,343,000Source | 15,055,000Source | 13,930,000Source | 20,297,000Source | 20,085,000Source | 16,673,000Source | 15,722,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | 1,393,000Source | 911,000Source | 1,571,000Source | 1,328,000Source | 1,531,000Source | 963,000Source | 5,033,000Source | 3,646,000Source | 3,626,000Source | 3,187,000Source |
| DepreciationUSD | — | — | — | — | — | — | 40,058,000Source | 35,345,000Source | 148,936,000Source | 139,202,000Source | 130,427,000Source | 119,477,000Source |
| Other Depreciation and Amortization | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | — | — | 9,538,000Source | 56,814,000Source | 16,591,000Source | 1,121,000Source | 109,032,000Source | 6,844,000Source | 26,905,000Source | 111,970,000Source | 95,650,000Source | 128,268,000Source |
| Dividends PayableUSD | — | — | 61,582,000Source | 50,970,000Source | 69,460,000Source | 61,397,000Source | 69,349,000Source | 61,467,000Source | 62,656,000Source | 51,189,000Source | 44,201,000Source | 41,259,000Source |
| Gain (Loss) on Sale of PropertiesUSD | — | — | — | — | — | — | — | — | 26,905,000Source | 111,970,000Source | 95,650,000Source | 128,268,000Source |
| General and Administrative ExpenseUSD | — | — | 8,552,000Source | 9,230,000Source | 8,851,000Source | 8,434,000Source | 22,973,000Source | 15,897,000Source | 41,945,000Source | 40,935,000Source | 37,121,000Source | 33,972,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 387,000Source | 599,000Source | 82,000Source | -64,000Source | 108,000Source | 3,477,000Source | 34,669,000Source | 4,295,000Source | 32,207,000Source | 114,942,000Source |
| Income Tax Expense (Benefit)USD | — | — | 192,000Source | 3,301,000Source | -1,177,000Source | 79,000Source | 4,013,000Source | 5,900,000Source | 15,282,000Source | 6,075,000Source | 8,692,000Source | 23,363,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 65,306,000Source | 99,363,000Source | 77,096,000Source | 55,185,000Source | 143,101,000Source | 48,103,000Source | 247,443,000Source | 287,554,000Source | 274,816,000Source | 359,134,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 2,058,000Source | 2,810,000Source | 2,598,000Source | 1,694,000Source | 4,817,000Source | 4,781,000Source | 16,636,000Source | 8,434,000Source | 11,021,000Source | 22,478,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 65,269,000Source | 99,287,000Source | 77,053,000Source | 55,146,000Source | 143,038,000Source | 48,067,000Source | 247,297,000Source | 287,343,000Source | 274,584,000Source | 358,786,000Source |
| Nonoperating Income (Expense)USD | — | — | -13,586,000Source | 35,067,000Source | -9,448,000Source | -21,929,000Source | 83,682,000Source | -13,588,000Source | -63,014,000Source | 25,351,000Source | 17,689,000Source | 76,068,000Source |
| Operating Lease, Lease IncomeUSD | — | — | 179,424,000Source | 165,909,000Source | 193,944,000Source | 177,468,000Source | 193,877,000Source | 175,376,000Source | 719,220,000Source | 660,967,000Source | 602,294,000Source | 532,237,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 12,823,000Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 103,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 181,430,000Source | 167,645,000Source | 194,940,000Source | 180,163,000Source | 194,827,000Source | 177,074,000Source | 727,076,000Source | 669,641,000Source | 614,027,000Source | 539,929,000Source |
| Income Tax Expense (Benefit)USD | — | — | 192,000Source | 3,301,000Source | -1,177,000Source | 79,000Source | 4,013,000Source | 5,900,000Source | 15,282,000Source | 6,075,000Source | 8,692,000Source | 23,363,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 2,058,000Source | 2,810,000Source | 2,598,000Source | 1,694,000Source | 4,817,000Source | 4,781,000Source | 16,636,000Source | 8,434,000Source | 11,021,000Source | 22,478,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 65,306,000Source | 99,363,000Source | 77,096,000Source | 55,185,000Source | 143,101,000Source | 48,103,000Source | 247,443,000Source | 287,554,000Source | 274,816,000Source | 359,134,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.49Source | 0.75Source | 0.58Source | 0.42Source | 1.08Source | 0.36Source | 1.87Source | 2.17Source | 2.08Source | 2.72Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.49Source | 0.75Source | 0.58Source | 0.42Source | 1.08Source | 0.36Source | 1.87Source | 2.17Source | 2.07Source | 2.72Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 132,450,000Source | 132,370,000Source | 132,605,000Source | 132,431,000Source | 132,573,000Source | 132,415,000Source | 132,446,000Source | 132,369,000Source | 132,264,000Source | 132,024,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 132,504,000Source | 132,421,000Source | 132,668,000Source | 132,479,000Source | 132,640,000Source | 132,493,000Source | 132,514,000Source | 132,416,000Source | 132,341,000Source | 132,103,000Source |
| Additional Financial Items | ||||||||||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.45Source | 0.37Source | 0.5Source | 0.45Source | 0.5Source | 0.45Source | 1.78Source | 1.48Source | 1.28Source | 1.18Source |
| Costs and ExpensesUSD | — | — | 100,675,000Source | 97,837,000Source | 107,057,000Source | 101,212,000Source | 126,686,000Source | 108,179,000Source | 419,370,000Source | 397,224,000Source | 369,394,000Source | 325,964,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 45,748,000Source | 43,515,000Source | 50,227,000Source | 47,207,000Source | 50,068,000Source | 43,754,000Source | 185,316,000Source | 171,939,000Source | 162,951,000Source | 147,420,000Source |
| Direct Costs of Leased and Rented Property or EquipmentUSD | — | — | 46,185,000Source | 44,884,000Source | 47,961,000Source | 45,454,000Source | 53,614,000Source | 48,311,000Source | 191,480,000Source | 182,821,000Source | 165,655,000Source | 143,663,000Source |
| General and Administrative ExpenseUSD | — | — | 8,552,000Source | 9,230,000Source | 8,851,000Source | 8,434,000Source | 22,973,000Source | 15,897,000Source | 41,945,000Source | 40,935,000Source | 37,121,000Source | 33,972,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 387,000Source | 599,000Source | 82,000Source | -64,000Source | 108,000Source | 3,477,000Source | 34,669,000Source | 4,295,000Source | 32,207,000Source | 114,942,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 65,269,000Source | 99,287,000Source | 77,053,000Source | 55,146,000Source | 143,038,000Source | 48,067,000Source | 247,297,000Source | 287,343,000Source | 274,584,000Source | 358,786,000Source |
| Nonoperating Income (Expense)USD | — | — | -13,586,000Source | 35,067,000Source | -9,448,000Source | -21,929,000Source | 83,682,000Source | -13,588,000Source | -63,014,000Source | 25,351,000Source | 17,689,000Source | 76,068,000Source |
| Operating Lease, Lease IncomeUSD | — | — | 179,424,000Source | 165,909,000Source | 193,944,000Source | 177,468,000Source | 193,877,000Source | 175,376,000Source | 719,220,000Source | 660,967,000Source | 602,294,000Source | 532,237,000Source |
| Other Operating IncomeUSD | — | — | 1,618,000Source | 1,323,000Source | 966,000Source | 2,389,000Source | 899,000Source | 1,272,000Source | 6,492,000Source | 6,129,000Source | 6,574,000Source | 6,370,000Source |
Filing attachments
fr-20251231xex991.htm · 8-K · 2026-02-04
FIRST INDUSTRIAL REALTY TRUST REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS • 2025 NAREIT FFO/Share Growth of 11.7% • 32% Cash Rental Rate Increase on Leases Commencing in 2025; 37% Increase Excluding 1.3 MSF Fixed-Rate Renewal • 35% Cash Rental Rate Increase on Leases Signed To Date Commencing in 2026 • Cash Same Store NOI Growth of 7.1% for the Full Year 2025 • Increased First Quarter 2026 Dividend to $0.50 Per Share, a 12.4% Increase • Acquired the Last Remaining Building from Our …
Read attachment ↗fr-2026122xex991.htm · 8-K · 2026-01-23
Exhibit 99.1 First Industrial Realty Trust Closes $425 Million and $375 Million Unsecured Term Loans CHICAGO, January 22, 2026 - First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced the refinancing of its $425 million unsecured term loan with an initial maturity date of January 22, 2030 with a one-year extension option at the Company’s discretion, subject to certain conditions. The term loan provides…
Read attachment ↗fr-2025930xex991.htm · 8-K · 2025-10-15
EX-99.1 2 fr-2025930xex991.htm EX-99.1 Document FIRST INDUSTRIAL REALTY TRUST REPORTS THIRD QUARTER 2025 RESULTS • Signed 772,000 SF of New Leases for Development Projects in the Third Quarter and Fourth Quarter To-Date ◦ Remaining 501,000 SF at Building C at Our Camelback 303 JV in Phoenix in 3Q25 ◦ 56,000 SF at First Park Miami Building 3 in South Florida in 3Q25 ◦ 159,000 SF at First Harley Knox Logistics Center in the Inland Empire in 4Q25 ◦ 57,000 SF at First Park Miami Building …
Read attachment ↗fr-2025630xex991.htm · 8-K · 2025-07-16
EX-99.1 2 fr-2025630xex991.htm EX-99.1 Document FIRST INDUSTRIAL REALTY TRUST REPORTS SECOND QUARTER 2025 RESULTS • Second Quarter Cash Same Store NOI Growth of 8.7% • 33% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2025; 38% Increase Excluding 1.3 MSF Fixed-Rate Renewal • Signed a 58,000 SF Lease at First Loop Logistics Park Building 4 in Orlando in the Second Quarter • Earned 'BBB+' Unsecured Credit Rating from Fitch Ratings • Issued $450 Million of 5.25% Senior…
Read attachment ↗d97034dex41.htm · 8-K · 2025-05-14
EX-4.1 3 d97034dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 Execution Version FIRST INDUSTRIAL, L.P. FIRST INDUSTRIAL REALTY TRUST, INC. INDENTURE Dated as of May 14, 2025 U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION Trustee TABLE OF CONTENTS Page ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE …
Read attachment ↗d97034dex42.htm · 8-K · 2025-05-14
EX-4.2 4 d97034dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 Execution Version FIRST INDUSTRIAL, L.P., FIRST INDUSTRIAL REALTY TRUST, INC., AS GUARANTOR, AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE FIRST SUPPLEMENTAL INDENTURE DATED AS OF MAY 14, 2025 TO INDENTURE DATED MAY 14, 2025 $450,000,000 OF 5.250% SENIOR NOTES DUE 2031 TABLE OF CONTENTS …
Read attachment ↗