First Industrial Realty Trust, Inc. (FR)

FR Income Statement

Revenue, expenses, and profitability analysis

FR Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	744.490M	194.827M	188.409M	181.430M	179.824M	177.246M	175.308M	168.156M	165.174M
Cost of Goods Sold	394.355M	153.750M	148.849M	46.185M	45.571M	48.528M	48.396M	45.092M	43.422M
Gross Profit	350.135M	41.077M	39.560M	135.245M	134.253M	128.718M	126.912M	123.064M	121.752M
Gross Profit Margin	21.1%	21.1%	21.0%	74.5%	74.7%	72.6%	72.4%	73.2%	73.7%
Total Operating Expenses	65.217M	-27.064M	-39.440M	54.490M	77.231M	73.411M	56.436M	18.189M	69.610M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	49.021M	22.973M	9.062M	8.552M	8.434M	15.897M	10.303M	9.230M	9.621M
Operating Income (EBIT)	285.023M	68.141M	79.105M	80.755M	57.022M	55.307M	70.476M	104.875M	52.142M
Operating Margin	35.0%	35.0%	42.0%	44.5%	31.7%	31.2%	40.2%	62.4%	31.6%
Income Before Tax (EBT)	372.508M	151.931M	96.063M	67.556M	56.958M	58.784M	71.610M	105.474M	53.302M
Interest Income	—	—	—	—	—	—	-911K	-911K	—
Interest Expense	93.444M	25.350M	23.313M	21.731M	23.050M	20.432M	20.114M	20.836M	22.038M
Other Income/Expense	87.485M	83.790M	16.958M	-13.199M	-64K	3.477M	1.134M	599K	1.160M
Net Income	342.365M	143.101M	78.849M	65.269M	55.146M	48.067M	68.421M	99.363M	51.318M
Income Tax Expense	13.395M	4.013M	9.111M	192K	79K	5.900M	1.169M	3.301M	426K
Net Profit Margin	73.5%	73.5%	41.8%	36.0%	30.7%	27.1%	39.0%	59.1%	31.1%
EBITDA	656.250M	227.349M	167.983M	135.035M	125.883M	122.959M	117.864M	110.666M	113.385M
EBITDA Margin	116.7%	116.7%	89.2%	74.4%	70.0%	69.4%	67.2%	65.8%	68.6%
Depreciation & Amortization	191.694M	50.068M	48.607M	45.748M	47.271M	53.892M	44.812M	40.347M	44.302M
EPS Basic	2.59	1.08	0.60	0.49	0.42	0.36	0.52	0.75	0.39
EPS Diluted	2.58	1.08	0.59	0.49	0.42	0.36	0.52	0.75	0.39
Shares Outstanding	132.450M	132.450M	132.450M	132.450M	132.431M	132.415M	132.369M	132.370M	132.368M
Diluted Shares Outstanding	132.504M	132.504M	132.504M	132.504M	132.479M	132.493M	132.416M	132.421M	132.399M

FR Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	727.076M	669.641M	614.027M	539.929M	476.290M	447.785M	425.505M	403.678M
Cost of Goods Sold	562.741M	182.821M	165.655M	143.663M	131.300M	119.195M	116.585M	116.854M
Gross Profit	164.335M	486.820M	448.372M	396.266M	344.990M	328.590M	308.920M	286.824M
Gross Profit Margin	22.6%	72.7%	73.0%	73.4%	72.4%	73.4%	72.6%	71.1%
Total Operating Expenses	-143.371M	214.403M	203.739M	182.301M	165.563M	130.213M	77.868M	27.749M
Research & Development	0.00	1.529M	3.667M	909K	0.00	0.00	0.00	0.00
Selling, General & Administrative	41.945M	40.935M	37.121M	33.972M	34.610M	32.848M	28.569M	27.749M
Operating Income (EBIT)	307.706M	272.417M	244.633M	213.965M	179.427M	198.377M	231.052M	259.075M
Operating Margin	42.3%	40.7%	39.8%	39.6%	37.7%	44.3%	54.3%	64.2%
Income Before Tax (EBT)	279.361M	302.063M	294.529M	404.975M	282.050M	202.577M	247.287M	167.242M
Interest Income	—	-3.646M	-3.626M	—	—	—	—	—
Interest Expense	89.919M	82.973M	74.335M	49.013M	47.526M	54.721M	50.273M	50.775M
Other Income/Expense	-28.345M	29.646M	49.896M	191.010M	102.623M	4.200M	16.235M	-91.833M
Net Income	247.443M	287.343M	274.816M	359.134M	270.997M	201.582M	238.775M	163.239M
Income Tax Expense	15.282M	6.075M	8.692M	23.363M	4.879M	2.408M	3.406M	-92K
Net Profit Margin	34.0%	42.9%	44.8%	66.5%	56.9%	45.0%	56.1%	40.4%
EBITDA	568.829M	557.034M	501.172M	491.368M	465.371M	303.868M	286.235M	264.218M
EBITDA Margin	78.2%	83.2%	81.6%	91.0%	97.7%	67.9%	67.3%	65.5%
Depreciation & Amortization	185.316M	176.293M	164.515M	152.322M	139.057M	137.764M	127.113M	121.602M
EPS Basic	1.87	2.17	2.08	2.72	2.09	1.53	1.89	1.31
EPS Diluted	1.87	2.17	2.07	2.72	2.09	1.53	1.88	1.31
Shares Outstanding	132.450M	132.369M	132.264M	132.024M	129.688M	127.711M	126.392M	123.804M
Diluted Shares Outstanding	132.504M	132.416M	132.341M	132.103M	129.775M	127.904M	126.691M	124.191M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc. (NYSE: FR) is a preeminent, fully integrated real estate firm specializing in the ownership, operation, and development of industrial properties. The company is recognized for its consistent delivery of market-leading customer service to a diverse clientele, encompassing both global corporations and regional businesses. Operating in significant markets throughout the United States, First Industrial's localized teams skillfully acquire, divest, manage, lease, and either develop new or redevelop existing industrial assets. These assets include large-scale distribution centers, regional logistics facilities, light industrial spaces, and other types of industrial properties. As of September 30, 2020, their combined portfolio of owned and actively developed industrial space amounted to roughly 64.1 million square feet.

Chicago, IL

151 employees

www.firstindustrial.com

Real Estate / REIT - Industrial

Sector: Real Estate
Industry: REIT - Industrial
CEO: Peter E. Baccile

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