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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $727.08M | $669.64M | $614.03M | $539.93M | $476.29M | $448.03M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $41.95M | $40.94M | $37.12M | $33.97M | $34.61M | $32.85M |
| Total Operating Expenses | $419.37M | $397.22M | $369.39M | $325.96M | $296.86M | $281.68M |
| D&A | $185.32M | $171.94M | $162.95M | $147.42M | $130.95M | $129.64M |
| Operating Income | $244.69M | $297.77M | $262.32M | $290.03M | $282.21M | $198.38M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $15.28M | $6.08M | $8.69M | $23.36M | $4.88M | $2.41M |
| Net Income | $247.44M | $287.55M | $274.82M | $359.13M | $271.00M | $195.99M |
| EPS - Basic | $1.87 | $2.17 | $2.08 | $2.72 | $2.09 | $1.53 |
| EPS - Diluted | $1.87 | $2.17 | $2.07 | $2.72 | $2.09 | $1.53 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $78.03M | $44.51M | $43.84M | $133.24M | $58.59M | $162.09M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $5.69B | $5.26B | $5.18B | $4.95B | $4.18B | $3.79B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $2.93B | $2.52B | $2.54B | $2.42B | $1.93B | $1.84B |
| Stockholders' Equity | $2.67B | $2.67B | $2.56B | $2.46B | $2.19B | $1.90B |
| Retained Earnings | $230.67M | $219.09M | $127.71M | $23.13M | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $461.26M | $352.49M | $304.81M | $410.94M | $266.89M | $240.43M |
| Investing Cash Flow | ($524.18M) | ($131.62M) | ($378.31M) | ($629.11M) | ($416.82M) | ($251.74M) |
| Financing Cash Flow | $89.27M | ($213.03M) | ($27.78M) | $304.50M | $9.05M | $58.25M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 33.7% | 44.5% | 42.7% | 53.7% | 59.3% | 44.3% |
| EBITDA margin | 59.1% | 70.1% | 69.3% | 81.0% | 86.7% | 73.2% |
| Net margin | 34.0% | 42.9% | 44.8% | 66.5% | 56.9% | 43.7% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 5.8% | 6.1% | 6.0% | 6.3% | 7.3% | 7.3% |
| Effective tax rate | 5.8% | 2.1% | 3.1% | 6.1% | 1.8% | 1.2% |
| Return on assets | 4.4% | 5.5% | 5.3% | 7.2% | 6.5% | 5.2% |
| Return on equity | 9.3% | 10.8% | 10.7% | 14.6% | 12.3% | 10.3% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.13 | 1.97 | 2.02 | 2.01 | 1.90 | 1.99 |
| Liabilities / Assets | 0.51 | 0.48 | 0.49 | 0.49 | 0.46 | 0.49 |
| Efficiency | ||||||
| Asset turnover | 0.13 | 0.13 | 0.12 | 0.11 | 0.11 | 0.12 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 30.6x | 23.1x | 25.4x | 17.7x | 31.7x | 27.5x |
| P / B | 2.8x | 2.5x | 2.7x | 2.6x | 3.9x | 2.8x |
| P / S | 10.4x | 9.9x | 11.4x | 11.8x | 18.0x | 12.0x |
| EV / EBITDA | 17.5x | 14.0x | 16.3x | 14.3x | 20.7x | 15.9x |
| Growth | ||||||
| Revenue growth (YoY) | 8.6% | 9.1% | 13.7% | 13.4% | 6.3% | 5.2% |
| Revenue CAGR (3y) | 10.4% | 12.0% | 11.1% | 8.2% | 8.0% | - |
| Revenue CAGR (5y) | 10.2% | 9.5% | 10.2% | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -17.8% | 13.5% | -9.6% | 2.8% | 42.3% | -14.1% |
| Net income growth (YoY) | -13.9% | 4.6% | -23.5% | 32.5% | 38.3% | -17.9% |
| EPS growth (YoY) | -13.8% | 4.8% | -23.9% | 30.1% | 36.6% | -18.6% |
| EPS CAGR (3y) | -11.7% | 1.3% | 10.6% | 13.1% | 16.8% | -3.3% |
| EPS CAGR (5y) | 4.1% | 2.9% | 9.6% | 10.0% | 14.8% | 44.8% |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 0.2% | 4.0% | 4.2% | 12.0% | 15.4% | 7.8% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
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 |