First Industrial Realty Trust, Inc. (FR)

First Industrial Realty Trust, Inc. (FR) Interest Coverage Ratio: 3.42x

The interest coverage ratio for First Industrial Realty Trust, Inc. (FR) is 3.42x as of Saturday, June 20, 2026.

Interest Expense|Total Debt|Debt/Equity|Operating Margin|All Metrics

FR Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

3.42x

FR Competitors' Interest Coverage Ratio

NAME	MARKET CAP	INTEREST COVERAGE RATIO	TTM	3Y	5Y
First Industrial Realty Trust, Inc. (FR)	$8.19B	3.42x	N/A	N/A	N/A
NNN REIT, Inc. (NNN)vs ›	$8.56B	2.82x	2.98x	3.15x	3.13x
Agree Realty Corporation (ADC)vs ›	$8.80B	2.53x	2.65x	2.97x	3.17x
Terreno Realty Corporation (TRNO)vs ›	$6.84B	5.86x	6.47x	5.74x	5.83x
Federal Realty Investment Trust (FRT)vs ›	$10.40B	2.54x	2.62x	2.87x	2.78x
UDR, Inc. (UDR)vs ›	$12.20B	1.64x	1.50x	2.02x	1.79x
Opendoor Technologies Inc. (OPEN)vs ›	$3.43B	-2.08x	N/A	N/A	N/A
Regency Centers Corporation (REG)vs ›	$14.08B	2.72x	3.92x	4.81x	4.84x
Kimco Realty Corporation (KIM)vs ›	$16.44B	1.85x	1.95x	2.23x	2.13x
Host Hotels & Resorts, Inc. (HST)vs ›	$17.13B	3.54x	3.81x	4.25x	4.25x

Financial Health Indicators

Interest Coverage

3.4x

Debt/Equity

0.96

Current Ratio

1.14

Formula: Interest Coverage = EBIT / Interest Expense

Reference ranges:

< 1.5x: EBIT is less than 1.5 times interest expense
1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
3x - 5x: EBIT is between 3 and 5 times interest expense
> 5x: EBIT is more than 5 times interest expense

Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.

First Industrial Realty Trust, Inc. Interest Coverage Ratio Formula & Definition

Interest Coverage = EBIT / Interest Expense

The interest coverage ratio measures operating earnings relative to interest expense.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

First Industrial Realty Trust, Inc. Interest Coverage Ratio FAQ

What is the interest coverage ratio for First Industrial Realty Trust, Inc. (FR)?: The interest coverage ratio for FR stock is 3.42x.

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