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Financials · FR

First Industrial Realty Trust Inc. (FR) financials

For the twelve months ended Jun 30, 2026, First Industrial Realty Trust Inc. reported $759.61M of revenue and $369.17M of net income.

Revenue, TTM
$759.61M
Revenue growth, YoY
+8.4%
Net income, TTM
$369.17M
Net income growth, YoY
+33.8%
Net margin
48.6%
EPS, diluted, TTM
$2.75
EPS growth, YoY
+34.8%
Cash
$46.05M
P/E
19.72
P/S
9.59
Market cap
$7.28B
Annual revenue$727.08M
FY2016FY2025
Annual net income$247.44M
FY2016FY2025

FR revenue and earnings growth

FR revenueQ2 2026$194.94M

Quarter YoY
+8.2%
QoQ
+0.1%
FY YoY
+8.6%
5Y CAGR
+10.2%
10Y CAGR
+7.1%

FR revenue was $194.94M in fiscal Q2 2026 (ended Jun 30, 2026), up 8.2% from a year earlier and up 0.1% from the prior quarter. For the full fiscal 2025 it was $727.08M, up 8.6% from fiscal 2024. Compound annual growth was +10.2% over 5 years and +7.1% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

FR net incomeQ2 2026$77.10M

Quarter YoY
+39.7%
QoQ
-47.9%
FY YoY
-13.9%
5Y CAGR
+4.8%
10Y CAGR
+12.9%

FR net income was $77.10M in fiscal Q2 2026 (ended Jun 30, 2026), up 39.7% from a year earlier and down 47.9% from the prior quarter. For the full fiscal 2025 it was $247.44M, down 13.9% from fiscal 2024. Compound annual growth was +4.8% over 5 years and +12.9% over 10 years. It rose in 6 of the last 10 fiscal years.

FR EPSQ2 2026$0.58

Quarter YoY
+38.1%
QoQ
-46.3%
FY YoY
-13.8%
5Y CAGR
+4.1%
10Y CAGR
+11.0%

FR diluted EPS was $0.58 in fiscal Q2 2026 (ended Jun 30, 2026), up 38.1% from a year earlier and down 46.3% from the prior quarter. For the full fiscal 2025 it was $1.87, down 13.8% from fiscal 2024. Compound annual growth was +4.1% over 5 years and +11.0% over 10 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$727.08M$669.64M$614.03M$539.93M$476.29M$448.03M$425.98M$403.95M$396.40M$378.02M
Selling, general and admin$41.95M$40.94M$37.12M$33.97M$34.61M$32.85M$28.57M$27.75M$28.08M$26.70M
Interest expense------$50.27M$50.77M$57.20M$59.43M
Pre-tax income$244.69M$297.77M$262.32M$290.03M$282.21M$198.38M$231.05M$167.52M$209.49M$126.77M
Income tax$15.28M$6.08M$8.69M$23.36M$4.88M$2.41M$3.41M-$92.0K$1.19M$1.09M
Net income$247.44M$287.55M$274.82M$359.13M$271.00M$195.99M$238.78M$163.24M$201.46M$121.23M
EPS, basic$1.87$2.17$2.08$2.72$2.09$1.53$1.89$1.31$1.70$1.05
EPS, diluted$1.87$2.17$2.07$2.72$2.09$1.53$1.88$1.31$1.69$1.05
Diluted shares132.5M132.4M132.3M132.1M129.8M127.9M126.7M124.2M118.8M115.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$78.03M$51.68M$43.84M$145.12M$58.78M$199.66M$152.72M$50.37M$46.48M$21.46M
Total assets$5.69B$5.26B$5.18B$4.95B$4.18B$3.79B$3.52B$3.14B$2.94B$2.79B
Total debt--------$1.30B$1.35B
Total liabilities$2.93B$2.52B$2.54B$2.42B$1.93B$1.84B$1.72B$1.46B$1.47B$1.51B
Shareholders' equity$2.67B$2.75B$2.64B$2.53B$2.25B$1.95B$1.80B$1.68B$1.48B$1.28B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$461.26M$352.49M$304.81M$410.94M$266.89M$240.43M$245.53M$210.50M$192.56M$173.89M
Investing cash flow-$524.18M-$131.62M-$378.31M-$629.11M-$416.82M-$251.74M-$205.39M-$223.40M-$82.50M-$122.39M
Financing cash flow$89.27M-$213.03M-$27.78M$304.50M$9.05M$58.25M$62.20M$16.79M-$85.05M-$57.02M
Dividends paid$231.22M$193.48M$169.37M$155.33M$139.71M$127.34M$117.21M$109.65M$100.52M$82.70M
Depreciation and amortization$185.32M$171.94M$162.95M$147.42M$130.95M$129.64M$121.23M$116.46M$116.36M$117.28M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY8.6%9.1%13.7%13.4%6.3%5.2%5.5%1.9%4.9%3.3%
Net income growth, YoY-13.9%4.6%-23.5%32.5%38.3%-17.9%46.3%-19.0%66.2%64.3%
EPS growth, YoY-13.8%4.8%-23.9%30.1%36.6%-18.6%43.5%-22.5%61.0%59.1%
Net margin34.0%42.9%44.8%66.5%56.9%43.7%56.1%40.4%50.8%32.1%
Return on equity9.3%10.5%10.4%14.2%12.1%10.1%13.3%9.7%13.6%9.4%
Return on assets4.4%5.5%5.3%7.2%6.5%5.2%6.8%5.2%6.8%4.3%
Debt to equity--------0.881.05

Source: XBRL data First Industrial Realty Trust Inc. files with the SEC, latest filing dated Jul 23, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FR$759.61M+8.4%$369.17M48.6%$7.28B
DOC$3.06B+9.4%$377.68M12.3%$14.21B
STAG$900.52M+9.3%$269.11M29.9%$7.22B
ILPT$461.26M+3.5%-$80.57M-17.5%$393.9M

FR FAQ

7 questions
  • What is FR revenue?
    First Industrial Realty Trust Inc. (FR) reported $759.61M of revenue for the twelve months ended Jun 30, 2026. That is up 8.4% from the year before. Revenue for fiscal 2025 was $727.08M.
  • Is FR profitable?
    Yes. First Industrial Realty Trust Inc. earned $369.17M in net income for the twelve months ended Jun 30, 2026, a net margin of 48.6%.
  • How much cash and debt does FR have?
    First Industrial Realty Trust Inc. reported $46.05M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is FR revenue growing?
    First Industrial Realty Trust Inc.'s revenue changed +8.6% in fiscal 2025, to $727.08M. Its compound annual growth rate was +10.2% over 5 years and +7.1% over 10 years.
  • What is FR earnings per share?
    Diluted earnings per share were $2.75 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FR last report financial results?
    The latest statements here come from First Industrial Realty Trust Inc.'s 10-Q filed on Jul 23, 2026, covering the period ended Jun 30, 2026.
  • Where does this FR financial data come from?
    Quantisnow builds these statements from the structured XBRL data First Industrial Realty Trust Inc. files with the SEC. It is provided for information only and is not investment advice.