First Industrial Realty Trust, Inc. (FR)
NYSE: FR · Real-Time Price · USD
55.27
+1.51 (2.81%)
Nov 9, 2026, 1:48 PM EST - Market open
FR Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Rental Revenue | 771.09 | 719.22 | 660.97 | 602.29 | 532.24 | 473.24 |
Other Revenue | 4.79 | 8.34 | 11.21 | 15.91 | 122.63 | 2.89 |
| 775.88 | 727.56 | 672.18 | 618.2 | 654.87 | 476.13 | |
Revenue Growth (YoY | 8.66% | 8.24% | 8.73% | -5.60% | 37.54% | 6.33% |
Property Expenses | 203.64 | 192.11 | 184.35 | 169.32 | 144.57 | 131.3 |
Selling, General & Administrative | 49.49 | 41.95 | 40.94 | 37.12 | 33.97 | 34.61 |
Depreciation & Amortization | 199.9 | 185.32 | 171.94 | 162.95 | 147.42 | 130.95 |
Total Operating Expenses | 453.03 | 419.37 | 397.22 | 369.39 | 325.96 | 296.86 |
Operating Income | 322.85 | 308.19 | 274.96 | 248.81 | 328.91 | 179.27 |
Interest Expense | -101.06 | -89.92 | -86.62 | -77.96 | -52.2 | -47.53 |
EBT Excluding Unusual Items | 221.79 | 218.27 | 188.34 | 170.85 | 276.71 | 131.74 |
Gain (Loss) on Sale of Investments | 30.53 | 34.18 | 1.76 | 28.03 | - | - |
Gain (Loss) on Sale of Assets | 135.03 | 26.91 | 111.97 | 95.65 | 128.27 | 150.31 |
Pretax Income | 387.34 | 279.36 | 302.06 | 294.53 | 404.98 | 282.05 |
Income Tax Expense | 12.26 | 15.28 | 6.08 | 8.69 | 23.36 | 4.88 |
Earnings From Continuing Operations | 375.09 | 264.08 | 295.99 | 285.84 | 381.61 | 277.17 |
Minority Interest in Earnings | -17.49 | -16.64 | -8.43 | -11.02 | -22.48 | -6.17 |
Net Income | 357.6 | 247.44 | 287.55 | 274.82 | 359.13 | 271 |
Preferred Dividends & Other Adjustments | 0.17 | 0.15 | 0.21 | 0.23 | 0.35 | 0.3 |
Net Income to Common | 357.42 | 247.3 | 287.34 | 274.58 | 358.79 | 270.7 |
Net Income Growth | 50.90% | -13.94% | 4.65% | -23.47% | 32.54% | 38.34% |
Basic Shares Outstanding | 133 | 132 | 132 | 132 | 132 | 130 |
Diluted Shares Outstanding | 133 | 133 | 132 | 132 | 132 | 130 |
Shares Change | 0.13% | 0.07% | 0.06% | 0.18% | 1.79% | 1.46% |
EPS (Basic) | 2.70 | 1.87 | 2.17 | 2.08 | 2.72 | 2.09 |
EPS (Diluted) | 2.70 | 1.87 | 2.17 | 2.07 | 2.72 | 2.09 |
EPS Growth | 50.73% | -13.96% | 4.83% | -23.83% | 30.20% | 36.43% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share | 1.945 | 1.780 | 1.480 | 1.280 | 1.180 | 1.080 |
Dividend Growth | 14.08% | 20.27% | 15.63% | 8.48% | 9.26% | 8.00% |
Operating Margin | 41.61% | 42.36% | 40.91% | 40.25% | 50.22% | 37.65% |
Profit Margin | 46.07% | 33.99% | 42.75% | 44.42% | 54.79% | 56.85% |
EBITDA | 532 | 503.28 | 451.25 | 413.32 | 481.23 | 318.32 |
EBITDA Margin | 68.57% | 69.17% | 67.13% | 66.86% | 73.48% | 66.86% |
D&A For Ebitda | 209.14 | 195.08 | 176.29 | 164.52 | 152.32 | 139.06 |
EBIT | 322.85 | 308.19 | 274.96 | 248.81 | 328.91 | 179.27 |
EBIT Margin | 41.61% | 42.36% | 40.91% | 40.25% | 50.22% | 37.65% |
Funds From Operations (FFO) | 419.94 | 403.82 | 360.13 | 322.67 | 301.17 | 255.96 |
FFO Per Share | 3.08 | 2.96 | 2.65 | - | - | - |
Adjusted Funds From Operations (AFFO) | 334.87 | 333.47 | 294.49 | 322.67 | 301.17 | 255.96 |
AFFO Per Share | 2.47 | 2.45 | 2.17 | - | - | - |
FFO Payout Ratio | 61.17% | 57.26% | 53.73% | 52.49% | 51.58% | 54.58% |
Effective Tax Rate | 3.16% | 5.47% | 2.01% | 2.95% | 5.77% | 1.73% |
Revenue as Reported | 775.29 | 727.08 | 669.64 | 614.03 | 539.93 | 476.29 |