FR - NYSE

First Industrial Realty Trust, Inc.

FR·NYSE

$60.40

-0.033%

Real EstateREIT - Industrial

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$8.01B

EPS1.8700

P/E Ratio30.66

Earnings Date07/15/2026

5.69B

Assets

3Y+15.0%

5Y+50.0%

10Y+104.0%

2.93B

Total Liabilities

16%

3Y+21.0%

5Y+59.0%

10Y+94.0%

2.76B

Total Equity

3Y+9.0%

5Y+42.0%

10Y+115.0%

First Industrial Realty Trust, Inc. Funding & Solvency Profile

FR · NYSE

Current Assets

Cash & Cash Equivalents78.03M

Net Receivables192.94M

Inventory0.00

Other Current Assets5.93M

Total Current Assets277 M

Non-Current Assets

Property, Plant & Equipment19.59M

Goodwill & Intangible Assets32.08M

Long-Term Investments5.66M

Other Non-Current Assets5.35B

Total Non-Current Assets5 B

Total Assets

5.69B

Financial Health Analysis

Current Ratio

1.14x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

1.06x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

35 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

5% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

First Industrial Realty Trust, Inc. Balance Sheet

FR • NYSE

First Industrial Realty Trust, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	78M	44.5M	43.8M	133.2M	58.6M	162.1M	21.1M	43.1M	21.1M	9.9M	4M	9.5M	7.6M	4.9M	10.2M	26M	182.9M	3.2M	5.8M	16.1M
Cash & Short-Term Investments	78M	44.5M	43.8M	133.2M	58.6M	162.1M	21.1M	43.1M	21.1M	9.9M	4M	9.5M	7.6M	4.9M	10.2M	26M	182.9M	3.2M	5.8M	16.1M
Net Receivables	192.9M	170.2M	155M	130.1M	103.8M	90.3M	86.2M	76.3M	75.1M	72.1M	67.9M	65.5M	62.1M	59.2M	3.1M	3.1M	2.2M	10.4M	9.7M	36.9M
Accounts Receivables	192.9M	170.2M	155M	130.1M	103.8M	90.3M	86.2M	76.3M	75.1M	72.1M	67.9M	65.5M	62.1M	59.2M	3.1M	3.1M	2.2M	10.4M	9.7M	8M
Other Receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	28.8M
Prepaids	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	123.4M	0.0	0.0	0.0	170.9M	128.2M
Other Current Assets	5.9M	34.1M	25.8M	48.9M	151.7M	187.2M	131.6M	7.3M	103.7M	90.5M	101.9M	66.6M	114.2M	109.7M	0.0	117K	102K	109K	0.0	0.0
Total Current Assets	276.9M	248.8M	224.7M	312.2M	314.1M	439.5M	239M	126.6M	200M	172.5M	173.8M	141.6M	183.9M	173.8M	13.2M	29.1M	185.3M	13.7M	15.4M	24.1M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	19.6M	4.8B	4.7B	4.4B	3.8B	3.3B	3.1B	2.9B	2.7B	2.6B	2.5B	2.4B	2.4B	2.4B	2.4B	2.1B	2.7B	2.9B	2.9B	2.9B
Intangible Assets	32.1M	19.3M	21.5M	24.1M	21.3M	25.2M	28.5M	29.7M	30.5M	29.5M	33.3M	33.5M	29.8M	33.2M	38M	39.7M	60.2M	90.3M	87M	86.3M
Goodwill & Intangible Assets	32.1M	19.3M	21.5M	24.1M	21.3M	25.2M	28.5M	29.7M	30.5M	29.5M	33.3M	33.5M	29.8M	33.2M	38M	39.7M	60.2M	90.3M	87M	86.3M
Long-Term Investments	5.7M	51.2M	44.7M	8.8M	36M	45.7M	18.2M	23.3M	0.0	0.0	0.0	71K	907K	1M	1.7M	2.5M	46.1M	16.3M	57.5M	55.5M
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-38M	177.3M	0.0	0.0	0.0	0.0
Other Non-Current Assets	5.4B	161.6M	156M	163.1M	4.6M	1M	182.8M	101.2M	4.8M	2.9M	0.0	10.4M	11.4M	-2.4B	226.7M	392.3M	188.2M	219.9M	-2.9B	-2.9B
Total Non-Current Assets	5.4B	5B	5B	4.6B	3.9B	3.4B	3.3B	3B	2.7B	2.6B	2.5B	2.4B	2.4B	2.4B	2.7B	2.7B	3B	3.2B	87M	86.3M
Other Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	3.2B	3.1B
Total Assets	5.7B	5.3B	5.2B	5B	4.2B	3.8B	3.5B	3.1B	2.9B	2.8B	2.7B	2.6B	2.6B	2.6B	2.7B	2.8B	3.2B	3.2B	3.3B	3.2B
LIABILITIES
CURRENT LIABILITIES
Total Payables	178.9M	183.9M	130.8M	178.6M	150.4M	106.3M	111.4M	78.7M	86.5M	84.4M	93.7M	79.7M	75.3M	0.0	71.5M	0.0	81.1M	142.7M	183.6M	239.5M
Accounts Payable	178.9M	132.7M	130.8M	178.6M	150.4M	106.3M	111.4M	78.7M	86.5M	84.4M	93.7M	79.7M	75.3M	78.4M	71.5M	0.0	80.7M	128.8M	146.3M	197M
Other Payables	0.0	51.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	452K	13.8M	37.3M	42.5M
Short Term Debt	364K	282M	776K	253K	2.7M	439K	0.0	0.0	0.0	0.0	0.0	0.0	81.1M	0.0	74.5M	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	114.8M	104.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	-52.1M	0.0	44.2M	41.3M	37.2M	33.7M	30.6M	28.8M	27M	23.4M	14.8M	11.9M	10.3M	1.3M	-74.5M	67.3M	50.9M	56.9M	-183.6M	-239.5M
Total Current Liabilities	241.9M	570.5M	175.8M	220.1M	190.3M	140.4M	142M	107.5M	113.5M	107.8M	108.5M	91.7M	166.7M	79.6M	71.5M	67.3M	132M	199.6M	387.4M	366.7M
NON-CURRENT LIABILITIES
Long Term Debt	2.6B	1.9B	2.2B	2.1B	1.6B	1.6B	1.5B	1.3B	1.3B	1.3B	1.4B	1.3B	1.2B	1.3B	1.4B	1.7B	2B	2B	1.9B	1.8B
Other Non-Current Liabilities	114.8M	0.0	118.6M	115.3M	107.8M	73.2M	69.4M	57.5M	54.6M	53.7M	52M	49.6M	43.9M	-1.3B	117.6M	47.8M	0.0	541K	-1.9B	-1.8B
Total Non-Current Liabilities	2.7B	1.9B	2.4B	2.2B	1.7B	1.7B	1.6B	1.4B	1.4B	1.4B	1.5B	1.4B	1.3B	1.3B	1.5B	1.8B	2B	2B	1.9B	1.8B
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-150.3M	-152.5M
Capital Lease Obligations	19.5M	17.6M	22M	22.3M	22.6M	22.8M	22.4M	0.0	0.0	0.0	11.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	2.9B	2.5B	2.5B	2.4B	1.9B	1.8B	1.7B	1.5B	1.5B	1.5B	1.6B	1.5B	1.4B	1.5B	1.6B	1.9B	2.1B	2.2B	2.2B	2B
SHAREHOLDERS' EQUITY
Treasury Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-140M	0.0	-140M	-140M	-140M	-140M	-140M	-70.6M
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	122.5M	0.0	0.0
Common Stock	1.3M	1.3M	1.3M	1.3M	1.3M	1.3M	1.3M	1.3M	1.2M	1.2M	1.1M	1.1M	1.1M	1M	911K	732K	662K	490K	480K	475K
Additional Paid-In Capital	2.4B	2.4B	2.4B	2.4B	2.4B	2.2B	2.1B	2.1B	2B	1.9B	1.8B	1.8B	1.9B	0.0	1.8B	1.6B	1.6B	1.4B	1.4B	1.4B
Retained Earnings	230.7M	219.1M	127.7M	23.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-633.9M	-606.5M	-384M	-367M	-281.6M	-285M
Accumulated Other Comprehensive Income/Loss	3.2M	0.0	0.0	0.0	-182.5M	-323.2M	-377.7M	-487.3M	-540.5M	-646.5M	-684.4M	-703.2M	-673.2M	0.0	-11.7M	-15.3M	-18.4M	-19.7M	-9.6M	-10.3M
Other Total Stockholders' Equity	0.0	19.9M	22.3M	33.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.1B	0.0	0.0	0.0	0.0	0.0	0.0
Total Stockholders' Equity	2.7B	2.7B	2.6B	2.5B	2.2B	1.9B	1.8B	1.6B	1.4B	1.2B	1.1B	1B	1.1B	1.1B	1B	846.9M	1B	986.7M	923.9M	1B
Total Equity	2.8B	2.7B	2.6B	2.5B	2.2B	1.9B	1.8B	1.7B	1.5B	1.3B	1.1B	1.1B	1.2B	1.1B	1.1B	892.1M	1.1B	1.1B	1.1B	1.2B
Minority Interest	87.5M	80.4M	72.1M	71.1M	53.6M	44.6M	33.9M	34.4M	48.1M	43.2M	42M	41.9M	44.4M	42.3M	45.9M	45.3M	64.8M	122.5M	150.4M	152.5M
SUMMARY
Total Liabilities & Equity	5.7B	5.3B	5.2B	5B	4.2B	3.8B	3.5B	3.1B	2.9B	2.8B	2.7B	2.6B	2.6B	2.6B	2.7B	2.8B	3.2B	3.2B	3.3B	3.2B
Total Investments	5.7M	51.2M	44.7M	8.8M	36M	45.7M	18.2M	23.3M	0.0	0.0	0.0	71K	907K	1M	1.7M	2.5M	46.1M	16.3M	57.5M	55.5M
Total Debt	2.6B	2.2B	2.2B	2.1B	1.6B	1.6B	1.5B	1.3B	1.3B	1.3B	1.4B	1.3B	1.3B	0.0	1.5B	1.7B	2B	2B	1.9B	1.8B
Net Debt	2.5B	2.2B	2.2B	2B	1.6B	1.5B	1.5B	1.3B	1.3B	1.3B	1.4B	1.3B	1.3B	0.0	1.5B	1.7B	1.8B	2B	1.9B	1.7B
Shares Outstanding	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260	132,422,260

SEC Filings

FR - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 24, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 22, 2026	April 22, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 30, 2026	April 30, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 27, 2026	March 25, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 17, 2026	March 13, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 11, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 04, 2026	February 04, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 23, 2026	January 22, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	October 17, 2025	September 30, 2025	2025	View Filing

Showing 1 to 10 of 470 filings

Related Guides

Blog Categories

Continue your FR research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.