First Industrial Realty Trust, Inc. FR
First Industrial Realty Trust, Inc. 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. First Industrial Realty Trust, Inc. was incorporated in 1993 in Maryland, USA,
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-11 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-22) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model FR yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $727.08M | $247.44M | $185.32M | $568.83M | $461.34M |
| 2024 | $669.64M | $287.34M | $176.29M | $557.03M | $350.42M |
| 2023 | $614.03M | $274.82M | $164.51M | $501.17M | $302.31M |
| 2022 | $539.93M | $359.13M | $152.32M | $491.37M | $410.90M |
| 2021 | $476.29M | $271.00M | $139.06M | $465.37M | $267.03M |
| 2020 | $447.79M | $201.58M | $137.76M | $303.87M | $241.08M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-20 | 2026-04-30 | $0.50 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-20 | 2026-02-04 | $0.50 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-20 | 2025-10-29 | $0.45 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-20 | 2025-08-12 | $0.45 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-21 | 2025-04-30 | $0.45 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-21 | 2025-02-05 | $0.45 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-21 | 2024-10-30 | $0.37 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-21 | 2024-08-01 | $0.37 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-04-30 | $0.37 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-15 | 2024-02-07 | $0.37 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-16 | 2023-11-01 | $0.32 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-16 | 2023-08-03 | $0.32 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-17 | 2023-05-03 | $0.32 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-17 | 2023-02-08 | $0.32 | Quarterly |
| 2022-12-29 | 2022-12-31 | 2023-01-17 | 2022-11-01 | $0.29 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-17 | 2022-08-05 | $0.29 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-18 | 2022-05-04 | $0.29 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-18 | 2022-02-09 | $0.29 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-18 | 2021-11-02 | $0.27 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-18 | 2021-08-06 | $0.27 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-19 | 2021-05-05 | $0.27 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-19 | 2021-02-10 | $0.27 | Quarterly |
| 2020-12-30 | 2020-12-31 | 2021-01-19 | 2020-11-03 | $0.25 | Quarterly |
| 2020-09-29 | 2020-09-30 | 2020-10-19 | 2020-08-04 | $0.25 | Quarterly |
Coverage (payout of operating cash flow): 57.44%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — FR
SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of First Industrial Realty Trust, Inc. (NYSE: FR)
SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of First Industrial Realty Trust, Inc. (NYSE: FR)
First Industrial Realty: Strong Fundamentals But Expensive (Rating Downgrade)
First Industrial Realty Trust To Host Second Quarter 2026 Results Conference Call On July 23
JP Morgan Adds One of Our Favorite Dividend Stocks to the July US Equity Analyst Focus List
A Look at First Industrial Realty Trust Inc (FR) After 3.4% Decline -- GF Value $61.79 vs Price $60.70
A Look at First Industrial Realty Trust Inc (FR) After 3.3% Gain -- GF Value $61.68 vs Price $62.92
First Industrial Realty: It's Time To Put It On Hold (Rating Downgrade)
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.