First Industrial Realty Trust, Inc. (FR)

FR Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	692	660.97	602.29	532.24	473.24	437.54
Other Revenue	8.53	11.21	15.91	122.63	2.89	10.24
Total Revenue	700.53	672.18	618.2	654.87	476.13	447.79
Revenue Growth (YoY	8.80%	8.73%	-5.60%	37.54%	6.33%	5.24%
Property Expenses	187.59	184.35	169.32	144.57	131.3	119.2
Selling, General & Administrative	43.86	40.94	37.12	33.97	34.61	32.85
Depreciation & Amortization	178.03	171.94	162.95	147.42	130.95	129.64
Total Operating Expenses	409.48	397.22	369.39	325.96	296.86	281.68
Operating Income	291.05	274.96	248.81	328.91	179.27	166.1
Interest Expense	-86.25	-86.62	-77.96	-52.2	-47.53	-54.72
EBT Excluding Unusual Items	204.8	188.34	170.85	276.71	131.74	111.38
Gain (Loss) on Sale of Investments	5.08	1.76	28.03	-	-	4.44
Gain (Loss) on Sale of Assets	82.95	111.97	95.65	128.27	150.31	86.75
Pretax Income	292.83	302.06	294.53	404.98	282.05	202.58
Income Tax Expense	10.45	6.08	8.69	23.36	4.88	2.41
Earnings From Continuing Operations	282.38	295.99	285.84	381.61	277.17	200.17
Net Income to Company	282.38	295.99	285.84	381.61	277.17	200.17
Minority Interest in Earnings	-11.31	-8.43	-11.02	-22.48	-6.17	-4.18
Net Income	271.07	287.55	274.82	359.13	271	195.99
Preferred Dividends & Other Adjustments	0.2	0.21	0.23	0.35	0.3	0.31
Net Income to Common	270.87	287.34	274.58	358.79	270.7	195.68
Net Income Growth	-4.55%	4.63%	-23.48%	32.52%	38.27%	-17.92%
Basic Shares Outstanding	132	132	132	132	130	128
Diluted Shares Outstanding	132	132	132	132	130	128
Shares Change (YoY)	0.06%	0.06%	0.18%	1.79%	1.46%	0.96%
EPS (Basic)	2.05	2.17	2.08	2.72	2.09	1.53
EPS (Diluted)	2.05	2.17	2.07	2.72	2.09	1.53
EPS Growth	-3.94%	4.83%	-23.83%	30.20%	36.43%	-18.62%
Dividend Per Share	1.630	1.480	1.280	1.180	1.080	1.000
Dividend Growth	18.12%	15.63%	8.48%	9.26%	8.00%	8.70%
Operating Margin	41.55%	40.91%	40.25%	50.22%	37.65%	37.09%
Profit Margin	38.67%	42.75%	44.42%	54.79%	56.85%	43.70%
EBITDA	477.37	451.25	413.32	481.23	318.32	303.87
EBITDA Margin	68.14%	67.13%	66.86%	73.48%	66.86%	67.86%
D&A For Ebitda	186.32	176.29	164.52	152.32	139.06	137.76
EBIT	291.05	274.96	248.81	328.91	179.27	166.1
EBIT Margin	41.55%	40.91%	40.25%	50.22%	37.65%	37.09%
Funds From Operations (FFO)	374.66	350.49	322.67	301.17	255.96	234.96
Adjusted Funds From Operations (AFFO)	-	350.49	322.67	301.17	255.96	234.96
FFO Payout Ratio	56.22%	55.20%	52.49%	51.58%	54.58%	54.19%
Effective Tax Rate	3.57%	2.01%	2.95%	5.77%	1.73%	1.19%
Revenue as Reported	700.47	669.64	614.03	539.93	476.29	448.03

Updated Jul 16, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q