FR · First Industrial Realty Trust Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $194.83M | - | $181.43M | $180.16M | $177.07M | - | $167.65M | $164.14M | $162.27M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $22.97M | - | $8.55M | $8.43M | $15.90M | - | $9.23M | $9.62M | $11.78M | - |
| Total Operating Expenses | $126.69M | - | $100.67M | $101.21M | $108.18M | - | $97.84M | $96.09M | $101.04M | - |
| D&A | $50.07M | - | $45.75M | $47.21M | $43.75M | - | $43.52M | $43.05M | $41.82M | - |
| Operating Income | $151.82M | - | $67.17M | $57.02M | $55.31M | - | $104.88M | $52.14M | $70.28M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $4.01M | - | $192.0K | $79.0K | $5.90M | - | $3.30M | $426.0K | $1.18M | - |
| Net Income | $143.10M | - | $65.31M | $55.19M | $48.10M | - | $99.36M | $51.32M | $68.45M | - |
| EPS - Basic | $1.08 | - | $0.49 | $0.42 | $0.36 | - | $0.75 | $0.39 | $0.52 | - |
| EPS - Diluted | $1.08 | - | $0.49 | $0.42 | $0.36 | - | $0.75 | $0.39 | $0.52 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $37.15M | $78.03M | $33.51M | $34.95M | $35.74M | $44.51M | $47.12M | $38.55M | $48.88M | $43.84M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $5.77B | $5.69B | $5.51B | $5.45B | $5.45B | $5.26B | $5.20B | $5.21B | $5.20B | $5.18B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.92B | $2.93B | $2.77B | $2.72B | $2.70B | $2.52B | $2.49B | $2.53B | $2.53B | $2.54B |
| Stockholders' Equity | $2.76B | $2.67B | $2.65B | $2.65B | $2.65B | $2.67B | $2.63B | $2.60B | $2.60B | $2.56B |
| Retained Earnings | $306.73M | $230.67M | $210.97M | $204.66M | $208.43M | $219.09M | $199.71M | $149.41M | $147.10M | $127.71M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $88.89M | - | - | - | $88.57M | - | - | - | $62.50M | - |
| Investing Cash Flow | ($72.48M) | - | - | - | ($213.35M) | - | - | - | ($19.03M) | - |
| Financing Cash Flow | ($57.30M) | - | - | - | $110.51M | - | - | - | ($38.43M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 77.9% | - | 37.0% | 31.7% | 31.2% | - | 62.6% | 31.8% | 43.3% | - |
| EBITDA margin | 103.6% | - | 62.2% | 57.9% | 55.9% | - | 88.5% | 58.0% | 69.1% | - |
| Net margin | 73.5% | - | 36.0% | 30.6% | 27.2% | - | 59.3% | 31.3% | 42.2% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 11.8% | - | 4.7% | 4.7% | 9.0% | - | 5.5% | 5.9% | 7.3% | - |
| Effective tax rate | 2.7% | - | 0.3% | 0.1% | 10.9% | - | 3.2% | 0.8% | 1.7% | - |
| Return on assets | 2.5% | - | 1.2% | 1.0% | 0.9% | - | 1.9% | 1.0% | 1.3% | - |
| Return on equity | 5.2% | - | 2.5% | 2.1% | 1.8% | - | 3.8% | 2.0% | 2.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.09 | 2.13 | 2.08 | 2.06 | 2.06 | 1.97 | 1.98 | 2.00 | 2.00 | 2.02 |
| Liabilities / Assets | 0.51 | 0.51 | 0.50 | 0.50 | 0.50 | 0.48 | 0.48 | 0.49 | 0.49 | 0.49 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.03 | 0.03 | 0.03 | - | 0.03 | 0.03 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 53.6x | - | 105.0x | 114.6x | 149.9x | - | 74.6x | 121.8x | 101.0x | - |
| P / B | 2.8x | - | 2.6x | 2.4x | 2.7x | - | 2.8x | 2.4x | 2.7x | - |
| P / S | 39.4x | - | 37.6x | 35.4x | 40.4x | - | 44.2x | 38.3x | 42.9x | - |
| EV / EBITDA | 37.8x | - | 60.1x | 60.8x | 71.8x | - | 49.6x | 65.7x | 61.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 10.0% | - | 8.2% | 9.8% | 9.1% | - | 8.1% | 7.8% | 8.6% | - |
| Revenue CAGR (3y) | 9.2% | - | 9.1% | 11.5% | 12.2% | - | 11.5% | 11.8% | 11.8% | - |
| Revenue CAGR (5y) | 10.9% | - | 9.3% | 10.5% | 9.9% | - | 9.5% | 9.5% | 9.2% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 174.5% | - | -36.0% | 9.4% | -21.3% | - | 38.1% | -5.6% | 74.3% | - |
| Net income growth (YoY) | 197.5% | - | -34.3% | 7.5% | -29.7% | - | 32.5% | -6.1% | 22.3% | - |
| EPS growth (YoY) | 200.0% | - | -34.7% | 7.7% | -30.8% | - | 31.6% | -4.9% | 23.8% | - |
| EPS CAGR (3y) | 37.0% | - | 14.1% | -21.9% | -9.1% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 4.0% | 0.2% | 0.7% | 1.7% | 2.2% | 4.0% | 3.8% | 4.4% | 5.6% | 4.2% |
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing FIRST INDUSTRIAL REALTY TRUST INC against the 5 most active filers in the same SIC group.
Dividends
$1.84/share trailing 12 months · +18.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.5000 |
| Dec 31, 2025 | $0.4450 |
| Sep 30, 2025 | $0.4450 |
| Jun 30, 2025 | $0.4450 |
| Mar 31, 2025 | $0.4450 |
| Dec 31, 2024 | $0.3700 |
| Sep 30, 2024 | $0.3700 |
| Jun 28, 2024 | $0.3700 |
| Mar 27, 2024 | $0.3700 |
| Dec 28, 2023 | $0.3200 |
| Sep 28, 2023 | $0.3200 |
| Jun 29, 2023 | $0.3200 |
| Mar 30, 2023 | $0.3200 |
| Dec 29, 2022 | $0.2950 |
| Sep 29, 2022 | $0.2950 |
| Jun 29, 2022 | $0.2950 |
| Mar 30, 2022 | $0.2950 |
| Dec 30, 2021 | $0.2700 |
| Sep 29, 2021 | $0.2700 |
| Jun 29, 2021 | $0.2700 |
| Mar 30, 2021 | $0.2700 |
| Dec 30, 2020 | $0.2500 |
| Sep 29, 2020 | $0.2500 |
| Jun 29, 2020 | $0.2500 |