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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	676.61	660.97	602.29	532.24	473.24	437.54
Other Revenue	9.28	11.21	15.91	122.63	2.89	10.24
Total Revenue	685.88	672.18	618.2	654.87	476.13	447.79
Revenue Growth (YoY	8.47%	8.73%	-5.60%	37.54%	6.33%	5.24%
Property Expenses	185.44	184.35	169.32	144.57	131.3	119.2
Selling, General & Administrative	45.05	40.94	37.12	33.97	34.61	32.85
Depreciation & Amortization	173.87	171.94	162.95	147.42	130.95	129.64
Total Operating Expenses	404.36	397.22	369.39	325.96	296.86	281.68
Operating Income	281.52	274.96	248.81	328.91	179.27	166.1
Interest Expense	-85.24	-86.62	-77.96	-52.2	-47.53	-54.72
EBT Excluding Unusual Items	196.28	188.34	170.85	276.71	131.74	111.38
Gain (Loss) on Sale of Investments	4.93	1.76	28.03	-	-	4.44
Gain (Loss) on Sale of Assets	87.96	111.97	95.65	128.27	150.31	86.75
Pretax Income	289.17	302.06	294.53	404.98	282.05	202.58
Income Tax Expense	10.8	6.08	8.69	23.36	4.88	2.41
Earnings From Continuing Operations	278.37	295.99	285.84	381.61	277.17	200.17
Net Income to Company	278.37	295.99	285.84	381.61	277.17	200.17
Minority Interest in Earnings	-11.17	-8.43	-11.02	-22.48	-6.17	-4.18
Net Income	267.21	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	267	287.34	274.58	358.79	270.7	195.68
Net Income Growth	-7.00%	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)	0.05%	0.06%	0.18%	1.79%	1.46%	0.96%
EPS (Basic)	2.02	2.17	2.08	2.72	2.09	1.53
EPS (Diluted)	2.01	2.17	2.07	2.72	2.09	1.53
EPS Growth	-6.95%	4.83%	-23.83%	30.20%	36.43%	-18.62%
Dividend Per Share	1.555	1.480	1.280	1.180	1.080	1.000
Dividend Growth	16.92%	15.63%	8.48%	9.26%	8.00%	8.70%
Operating Margin	41.05%	40.91%	40.25%	50.22%	37.65%	37.09%
Profit Margin	38.93%	42.75%	44.42%	54.79%	56.85%	43.70%
EBITDA	464.87	451.25	413.32	481.23	318.32	303.87
EBITDA Margin	67.78%	67.13%	66.86%	73.48%	66.86%	67.86%
D&A For Ebitda	183.35	176.29	164.52	152.32	139.06	137.76
EBIT	281.52	274.96	248.81	328.91	179.27	166.1
EBIT Margin	41.05%	40.91%	40.25%	50.22%	37.65%	37.09%
Funds From Operations (FFO)	361.53	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	55.42%	55.20%	52.49%	51.58%	54.58%	54.19%
Effective Tax Rate	3.73%	2.01%	2.95%	5.77%	1.73%	1.19%
Revenue as Reported	684.44	669.64	614.03	539.93	476.29	448.03

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q