First Industrial Realty Trust Inc (FR) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, First Industrial Realty Trust reported revenue of $727.1M, up 8.6% from $669.6M the year before. Net income was $247.4M (a 34.0% net margin), or $1.87 per diluted share. Gross margin was 42.3% and operating margin was 11.1%. Operating activities generated $461.3M of cash. At fiscal year end, First Industrial Realty Trust held $5.69B in total assets against $2.93B in total liabilities, including $78.0M of cash and equivalents.
Open the full interactive First Industrial Realty Trust financials → Quarterly statements, key ratios, valuation history and price charts.
First Industrial Realty Trust Key Stats
| Share Price | $59.86 |
|---|---|
| Market Cap | $7.94B |
| P/E Ratio | 32.0 |
| Revenue YoY Growth | +8.6% |
| 52-Week Range | $49.83 – $68.30 |
| Shares Outstanding | 132.6 million (basic, 2026 Q2) |
First Industrial Realty Trust Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $448.0M | $476.3M | $539.9M | $614.0M | $669.6M | $727.1M |
| Cost of Goods Sold | $281.7M | $296.9M | $326.0M | $369.4M | $397.2M | $419.4M |
| Gross Profit | $166.3M | $179.4M | $214.0M | $244.6M | $272.4M | $307.7M |
| Operating Income | $3.9M | $13.9M | $32.6M | $44.6M | $59.5M | $80.4M |
| Pre-Tax Income | $198.4M | $282.2M | $290.0M | $262.3M | $297.8M | $244.7M |
| Income Tax | $2.4M | $4.9M | $23.4M | $8.7M | $6.1M | $15.3M |
| Net Income | $196.0M | $271.0M | $359.1M | $274.8M | $287.6M | $247.4M |
| Diluted EPS | $1.53 | $2.09 | $2.72 | $2.07 | $2.17 | $1.87 |
First Industrial Realty Trust Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $181.4M | $188.4M | $194.8M | $194.9M |
| Net Income | $65.3M | $78.8M | $143.1M | $77.1M |
| Diluted EPS | $0.49 | $0.60 | $1.08 | $0.58 |
First Industrial Realty Trust Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $162.1M | $58.6M | $133.2M | $43.8M | $44.5M | $78.0M |
| Total Assets | $3.79B | $4.18B | $4.95B | $5.18B | $5.26B | $5.69B |
| Total Long-Term Debt | $1.59B | $1.61B | $2.07B | $2.22B | $2.21B | $2.55B |
| Total Liabilities | $1.84B | $1.93B | $2.42B | $2.54B | $2.52B | $2.93B |
| Shareholders' Equity | $1.90B | $2.19B | $2.46B | $2.56B | $2.67B | $2.67B |
First Industrial Realty Trust Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $240.4M | $266.9M | $410.9M | $304.8M | $352.5M | $461.3M |
| Cash From Investing | -$251.7M | -$416.8M | -$629.1M | -$378.3M | -$131.6M | -$524.2M |
| Cash From Financing | $58.2M | $9.1M | $304.5M | -$27.8M | -$213.0M | $89.3M |
Figures from First Industrial Realty Trust's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full First Industrial Realty Trust financials page for every line item.
First Industrial Realty Trust Company Profile
| Ticker | FR |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Chicago, Illinois |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000921825 |
Frequently Asked Questions
What was First Industrial Realty Trust's revenue in fiscal 2025?
First Industrial Realty Trust (FR) reported revenue of $727.1M for fiscal 2025.
What is First Industrial Realty Trust's annual revenue history?
First Industrial Realty Trust's annual revenue by fiscal year: 2020: $448.0M; 2021: $476.3M; 2022: $539.9M; 2023: $614.0M; 2024: $669.6M; 2025: $727.1M.
What was First Industrial Realty Trust's net income in fiscal 2025?
First Industrial Realty Trust reported net income of $247.4M for fiscal 2025.
What was First Industrial Realty Trust's earnings per share (EPS) in fiscal 2025?
First Industrial Realty Trust's diluted EPS was $1.87 for fiscal 2025 (adjusted for any later stock splits).
What was First Industrial Realty Trust's revenue last quarter?
In its most recent reported quarter (2026 Q2), First Industrial Realty Trust reported revenue of $194.9M.
How much debt does First Industrial Realty Trust have?
First Industrial Realty Trust reported $2.55B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of First Industrial Realty Trust are outstanding?
First Industrial Realty Trust reported a weighted average of 132.6 million basic shares outstanding in 2026 Q2.
What is First Industrial Realty Trust's market cap?
Based on its latest closing price, First Industrial Realty Trust (FR) has a market capitalization of about $7.94B.
When does First Industrial Realty Trust's fiscal year end?
First Industrial Realty Trust's fiscal year end, as registered with the SEC, is December 31.
Where is First Industrial Realty Trust headquartered?
First Industrial Realty Trust lists its business address in Chicago, Illinois in its SEC filings.