First Industrial Realty Trust, Inc. (FR)

FR Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	660.97	602.29	532.24	473.24	437.54
Other Revenue	11.21	15.91	122.63	2.89	10.24
Total Revenue	672.18	618.2	654.87	476.13	447.79
Revenue Growth (YoY	8.73%	-5.60%	37.54%	6.33%	5.24%
Property Expenses	184.35	169.32	144.57	131.3	119.2
Selling, General & Administrative	40.94	37.12	33.97	34.61	32.85
Depreciation & Amortization	171.94	162.95	147.42	130.95	129.64
Total Operating Expenses	397.22	369.39	325.96	296.86	281.68
Operating Income	274.96	248.81	328.91	179.27	166.1
Interest Expense	-86.62	-77.96	-52.2	-47.53	-54.72
EBT Excluding Unusual Items	188.34	170.85	276.71	131.74	111.38
Gain (Loss) on Sale of Investments	1.76	28.03	-	-	4.44
Gain (Loss) on Sale of Assets	111.97	95.65	128.27	150.31	86.75
Pretax Income	302.06	294.53	404.98	282.05	202.58
Income Tax Expense	6.08	8.69	23.36	4.88	2.41
Earnings From Continuing Operations	295.99	285.84	381.61	277.17	200.17
Net Income to Company	295.99	285.84	381.61	277.17	200.17
Minority Interest in Earnings	-8.43	-11.02	-22.48	-6.17	-4.18
Net Income	287.55	274.82	359.13	271	195.99
Preferred Dividends & Other Adjustments	0.21	0.23	0.35	0.3	0.31
Net Income to Common	287.34	274.58	358.79	270.7	195.68
Net Income Growth	4.64%	-23.48%	32.52%	38.27%	-17.92%
Basic Shares Outstanding	132	132	132	130	128
Diluted Shares Outstanding	132	132	132	130	128
Shares Change (YoY)	0.06%	0.18%	1.79%	1.46%	0.96%
EPS (Basic)	2.17	2.08	2.72	2.09	1.53
EPS (Diluted)	2.17	2.07	2.72	2.09	1.53
EPS Growth	4.83%	-23.83%	30.20%	36.42%	-18.62%
Dividend Per Share	1.480	1.280	1.180	1.080	1.000
Dividend Growth	15.63%	8.47%	9.26%	8.00%	8.70%
Operating Margin	40.91%	40.25%	50.22%	37.65%	37.09%
Profit Margin	42.75%	44.42%	54.79%	56.85%	43.70%
Free Cash Flow Margin	52.44%	49.31%	62.75%	56.06%	53.69%
EBITDA	451.25	413.32	481.23	318.32	303.87
EBITDA Margin	67.13%	66.86%	73.48%	66.86%	67.86%
D&A For Ebitda	176.29	164.52	152.32	139.06	137.76
EBIT	274.96	248.81	328.91	179.27	166.1
EBIT Margin	40.91%	40.25%	50.22%	37.65%	37.09%
Funds From Operations (FFO)	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	55.20%	52.49%	51.58%	54.58%	54.19%
Effective Tax Rate	2.01%	2.95%	5.77%	1.73%	1.19%
Revenue as Reported	669.64	614.03	539.93	476.29	448.03

Source: S&P Capital IQ. Real Estate template. Financial Sources.