First Industrial Realty Trust, Inc. (FR)

FR Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	641.94	602.29	532.24	473.24	437.54	422.24
Other Revenue	13.59	15.91	7.61	2.89	10.24	3.27
Total Revenue	655.53	618.2	539.85	476.13	447.79	425.51
Revenue Growth (YoY	8.51%	14.51%	13.38%	6.33%	5.24%	5.41%
Property Expenses	178.09	169.32	144.57	131.3	119.2	116.59
Selling, General & Administrative	40.42	37.12	33.97	34.61	32.85	28.57
Depreciation & Amortization	169.83	162.95	147.42	130.95	129.64	121.23
Total Operating Expenses	388.34	369.39	325.96	296.86	281.68	266.38
Operating Income	267.19	248.81	213.88	179.27	166.1	159.12
Interest Expense	-86.92	-77.96	-52.2	-47.53	-54.72	-53.49
EBT Excluding Unusual Items	180.27	170.85	161.68	131.74	111.38	105.63
Gain (Loss) on Sale of Investments	0.57	28.03	115.02	-	4.44	16.71
Gain (Loss) on Sale of Assets	142.03	95.65	128.27	150.31	86.75	124.94
Pretax Income	322.88	294.53	404.98	282.05	202.58	247.29
Income Tax Expense	5.64	8.69	23.36	4.88	2.41	3.41
Earnings From Continuing Operations	317.24	285.84	381.61	277.17	200.17	243.88
Net Income to Company	317.24	285.84	381.61	277.17	200.17	243.88
Minority Interest in Earnings	-8.9	-11.02	-22.48	-6.17	-4.18	-5.11
Net Income	308.33	274.82	359.13	271	195.99	238.78
Preferred Dividends & Other Adjustments	0.22	0.23	0.35	0.3	0.31	0.52
Net Income to Common	308.11	274.58	358.79	270.7	195.68	238.26
Net Income Growth	15.22%	-23.48%	32.52%	38.27%	-17.92%	46.27%
Basic Shares Outstanding	132	132	132	130	128	126
Diluted Shares Outstanding	132	132	132	130	128	127
Shares Change (YoY)	0.08%	0.18%	1.79%	1.46%	0.96%	2.01%
EPS (Basic)	2.33	2.08	2.72	2.09	1.53	1.89
EPS (Diluted)	2.32	2.07	2.72	2.09	1.53	1.88
EPS Growth	14.85%	-23.83%	30.20%	36.42%	-18.62%	43.51%
Dividend Per Share	1.430	1.280	1.180	1.080	1.000	0.920
Dividend Growth	13.94%	8.47%	9.26%	8.00%	8.70%	5.75%
Operating Margin	40.76%	40.25%	39.62%	37.65%	37.09%	37.40%
Profit Margin	47.00%	44.42%	66.46%	56.85%	43.70%	55.99%
Free Cash Flow Margin	51.88%	49.31%	76.12%	56.06%	53.69%	57.70%
EBITDA	441.24	413.32	366.21	318.32	303.87	286.24
EBITDA Margin	67.31%	66.86%	67.83%	66.86%	67.86%	67.27%
D&A For Ebitda	174.05	164.52	152.32	139.06	137.76	127.11
EBIT	267.19	248.81	213.88	179.27	166.1	159.12
EBIT Margin	40.76%	40.25%	39.62%	37.65%	37.09%	37.40%
Funds From Operations (FFO)	340.57	322.67	301.17	255.96	234.96	221.14
Adjusted Funds From Operations (AFFO)	-	322.67	301.17	255.96	234.96	221.14
FFO Payout Ratio	54.79%	52.49%	51.58%	54.58%	54.19%	53.01%
Effective Tax Rate	1.75%	2.95%	5.77%	1.73%	1.19%	1.38%
Revenue as Reported	651.33	614.03	539.93	476.29	448.03	425.98

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