FR
First Industrial Realty Trust Inc
NYSE: FR · REAL ESTATE · REIT - INDUSTRIAL
$62.01
+1.03% today
Updated 2026-04-30
Market cap
$8.41B
P/E ratio
23.70
P/S ratio
11.29x
EPS (TTM)
$2.59
Dividend yield
2.94%
52W range
$46 – $65
Volume
1.0M
First Industrial Realty Trust Inc (FR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $396.04M | $434.93M | $526.29M | $411.96M | $288.54M | $317.83M | $306.08M | $318.59M | $346.86M | $365.81M | $378.02M | $396.40M | $403.68M | $425.50M | $447.79M | $476.29M | $539.93M | $614.03M | $669.64M | $727.08M |
| Revenue growth (YoY) | — | +9.8% | +21.0% | -21.7% | -30.0% | +10.2% | -3.7% | +4.1% | +8.9% | +5.5% | +3.3% | +4.9% | +1.8% | +5.4% | +5.2% | +6.4% | +13.4% | +13.7% | +9.1% | +8.6% |
| Cost of revenue | $286.40M | $317.64M | $425.53M | $323.75M | $206.75M | $230.19M | $96.56M | $104.05M | $115.46M | $116.03M | $112.81M | $113.49M | $116.85M | $116.58M | $119.19M | $131.30M | $143.66M | $165.66M | $182.82M | $562.74M |
| Gross profit | $109.64M | $117.29M | $100.77M | $88.20M | $81.79M | $87.64M | $209.52M | $214.54M | $231.40M | $249.78M | $265.20M | $282.91M | $286.82M | $308.92M | $328.59M | $344.99M | $396.27M | $448.37M | $486.82M | $164.34M |
| Gross margin | 27.7% | 27.0% | 19.1% | 21.4% | 28.3% | 27.6% | 68.5% | 67.3% | 66.7% | 68.3% | 70.2% | 71.4% | 71.1% | 72.6% | 73.4% | 72.4% | 73.4% | 73.0% | 72.7% | 22.6% |
| R&D | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $909000.00 | $3.67M | $1.53M | $629000.00 |
| SG&A | $77.50M | $92.10M | $84.63M | $37.84M | $26.59M | $20.64M | $25.06M | $22.82M | $23.42M | $25.36M | $26.70M | $28.08M | $27.75M | $28.57M | $32.85M | $34.61M | $33.97M | $37.12M | $40.94M | $41.95M |
| Operating income | $-91.67M | $-97.34M | $-98.30M | $-68.08M | $55.20M | $67.00M | $73.59M | $191.72M | $207.99M | $224.42M | $238.50M | $254.83M | $259.07M | $231.05M | $198.38M | $179.43M | $213.97M | $244.63M | $272.42M | $307.71M |
| Operating margin | -23.1% | -22.4% | -18.7% | -16.5% | 19.1% | 21.1% | 24.0% | 60.2% | 60.0% | 61.3% | 63.1% | 64.3% | 64.2% | 54.3% | 44.3% | 37.7% | 39.6% | 39.8% | 40.7% | 42.3% |
| EBITDA | $70.64M | $82.01M | $87.08M | $96.80M | $200.40M | $199.32M | $208.77M | $209.68M | $219.76M | $231.92M | $245.14M | $261.80M | $264.22M | $286.24M | $303.87M | $465.37M | $491.37M | $501.17M | $557.03M | $568.83M |
| EBITDA margin | 17.8% | 18.9% | 16.5% | 23.5% | 69.5% | 62.7% | 68.2% | 65.8% | 63.4% | 63.4% | 64.8% | 66.0% | 65.5% | 67.3% | 67.9% | 97.7% | 91.0% | 81.6% | 83.2% | 78.2% |
| EBIT | $-91.67M | $-97.34M | $-98.30M | $-68.08M | $55.20M | $67.00M | $73.59M | $84.77M | $96.09M | $110.61M | $121.22M | $138.47M | $142.62M | $159.12M | $166.10M | $326.31M | $339.05M | $336.66M | $380.74M | $383.51M |
| Interest expense | $121.14M | $119.31M | $112.64M | $114.77M | $106.10M | $100.13M | $83.51M | $73.56M | $72.18M | $67.42M | $59.43M | $57.20M | $50.77M | $50.27M | $54.72M | $47.53M | $49.01M | $74.33M | $82.97M | $89.92M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $112.08M | $155.05M | $39.60M | $-17.22M | $-202.82M | $-7.45M | $-6.90M | $40.31M | $49.11M | $73.80M | $121.23M | $201.46M | $163.24M | $238.78M | $201.58M | $271.00M | $359.13M | $274.82M | $287.34M | $247.44M |
| Net income growth (YoY) | — | +38.3% | -74.5% | -143.5% | -1078.0% | +96.3% | +7.3% | +684.2% | +21.8% | +50.3% | +64.3% | +66.2% | -19.0% | +46.3% | -15.6% | +34.4% | +32.5% | -23.5% | +4.6% | -13.9% |
| Profit margin | 28.3% | 35.6% | 7.5% | -4.2% | -70.3% | -2.3% | -2.3% | 12.7% | 14.2% | 20.2% | 32.1% | 50.8% | 40.4% | 56.1% | 45.0% | 56.9% | 66.5% | 44.8% | 42.9% | 34.0% |