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Real Estate - REIT - Industrial - NYSE - US
$ 52.44
0 %
$ 6.94 B
Market Cap
22.6
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one FR stock under the base case scenario is HIDDEN Compared to the current market price of 52.4 USD, First Industrial Realty Trust, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart FR

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FINANCIALS
614 M REVENUE
13.72%
316 M OPERATING INCOME
49.73%
286 M NET INCOME
-25.10%
305 M OPERATING CASH FLOW
-25.82%
-378 M INVESTING CASH FLOW
39.87%
-27.8 M FINANCING CASH FLOW
-9.12%
168 M REVENUE
2.14%
70 M OPERATING INCOME
2.90%
106 M NET INCOME
106.45%
105 M OPERATING CASH FLOW
-2.09%
4.37 M INVESTING CASH FLOW
108.28%
-101 M FINANCING CASH FLOW
-76.83%
Balance Sheet Decomposition First Industrial Realty Trust, Inc.
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Current Assets 199 M
Cash & Short-Term Investments 43.8 M
Receivables 155 M
Other Current Assets 0
Non-Current Assets 4.98 B
Long-Term Investments 44.7 M
PP&E 24.2 M
Other Non-Current Assets 4.91 B
Current Liabilities 593 M
Accounts Payable 131 M
Short-Term Debt 299 M
Other Current Liabilities 164 M
Non-Current Liabilities 2.36 B
Long-Term Debt 2.24 B
Other Non-Current Liabilities 119 M
EFFICIENCY
Earnings Waterfall First Industrial Realty Trust, Inc.
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Revenue 614 M
Cost Of Revenue 169 M
Gross Profit 445 M
Operating Expenses 37.1 M
Operating Income 316 M
Other Expenses 29.8 M
Net Income 286 M
RATIOS
72.42% GROSS MARGIN
72.42%
51.40% OPERATING MARGIN
51.40%
44.76% NET MARGIN
44.76%
10.72% ROE
10.72%
5.31% ROA
5.31%
6.00% ROIC
6.00%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis First Industrial Realty Trust, Inc.
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Net Income 286 M
Depreciation & Amortization 163 M
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital -6.78 M
Others -144 M
Free Cash Flow 305 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets First Industrial Realty Trust, Inc.
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Wall Street analysts predict an average 1-year price target for FR of $58.7 , with forecasts ranging from a low of $55 to a high of $64 .
FR Lowest Price Target Wall Street Target
55 USD 4.88%
FR Average Price Target Wall Street Target
58.7 USD 11.96%
FR Highest Price Target Wall Street Target
64 USD 22.04%
4. DIVIDEND ANALYSIS
0.68% DIVIDEND YIELD
0.37 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership First Industrial Realty Trust, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 year ago
Apr 28, 2023
Sell 397 K USD
MUSIL SCOTT A
Chief Financial Officer
- 7600
52.28 USD
2 years ago
Dec 17, 2021
Sell 641 K USD
YAP JOHANNSON L
Chief Investment Officer
- 10000
64.12 USD
3 years ago
Apr 30, 2021
Sell 747 K USD
Schultz Peter
EVP - East Region
- 15000
49.82 USD
3 years ago
Apr 26, 2021
Sell 532 K USD
MUSIL SCOTT A
Chief Financial Officer
- 10800
49.24 USD
3 years ago
Apr 26, 2021
Sell 739 K USD
YAP JOHANNSON L
Chief Investment Officer
- 15000
49.26 USD
3 years ago
Feb 16, 2021
Sell 1.08 M USD
YAP JOHANNSON L
Chief Investment Officer
- 25000
43.34 USD
4 years ago
Nov 16, 2020
Sell 1.85 M USD
RAU JOHN
Director
- 43261
42.78 USD
4 years ago
Feb 20, 2020
Sell 25.4 K USD
YAP JOHANNSON L
Chief Investment Officer
- 553
45.9 USD
4 years ago
Feb 18, 2020
Sell 501 K USD
YAP JOHANNSON L
Chief Investment Officer
- 10897
45.98 USD
4 years ago
Feb 20, 2020
Sell 229 K USD
YAP JOHANNSON L
Chief Investment Officer
- 5000
45.8 USD
4 years ago
Feb 18, 2020
Sell 640 K USD
MUSIL SCOTT A
Chief Financial Officer
- 13966
45.81 USD
5 years ago
Nov 14, 2019
Sell 504 K USD
Schultz Peter
EVP - East Region
- 12000
42.03 USD
5 years ago
Mar 05, 2019
Sell 512 K USD
Schultz Peter
EVP - East Region
- 15000
34.11 USD
5 years ago
Mar 04, 2019
Sell 510 K USD
YAP JOHANNSON L
Chief Investment Officer
- 15000
34.02 USD
5 years ago
Feb 22, 2019
Sell 291 K USD
YAP JOHANNSON L
Chief Investment Officer
- 8500
34.25 USD
5 years ago
Feb 25, 2019
Sell 223 K USD
YAP JOHANNSON L
Chief Investment Officer
- 6500
34.25 USD
5 years ago
Feb 20, 2019
Sell 214 K USD
MUSIL SCOTT A
Chief Financial Officer
- 6306
34 USD
5 years ago
Feb 21, 2019
Sell 226 K USD
MUSIL SCOTT A
Chief Financial Officer
- 6694
33.8 USD
5 years ago
Dec 03, 2018
Sell 2.9 M USD
DUNCAN BRUCE W
Director
- 90000
32.24 USD
6 years ago
Oct 30, 2018
Sell 471 K USD
HACKETT H PATRICK JR
Director
- 15000
31.38 USD
6 years ago
Aug 14, 2018
Sell 976 K USD
DUNCAN BRUCE W
Director
- 30000
32.52 USD
6 years ago
Jul 30, 2018
Sell 479 K USD
HACKETT H PATRICK JR
Director
- 15000
31.93 USD
6 years ago
Jul 12, 2018
Sell 1 M USD
DUNCAN BRUCE W
Director
- 30000
33.42 USD
6 years ago
Jun 13, 2018
Sell 998 K USD
DUNCAN BRUCE W
Director
- 30000
33.26 USD
6 years ago
May 31, 2018
Sell 329 K USD
Schultz Peter
EVP - East Region
- 10000
32.91 USD
6 years ago
May 30, 2018
Sell 753 K USD
DUNCAN BRUCE W
Director
- 23016
32.73 USD
6 years ago
May 29, 2018
Sell 2.91 M USD
DUNCAN BRUCE W
Director
- 90000
32.29 USD
6 years ago
May 25, 2018
Sell 281 K USD
DUNCAN BRUCE W
Director
- 8700
32.25 USD
6 years ago
May 11, 2018
Sell 545 K USD
DUNCAN BRUCE W
Director
- 16900
32.24 USD
6 years ago
May 09, 2018
Sell 360 K USD
DUNCAN BRUCE W
Director
- 11184
32.23 USD
6 years ago
May 10, 2018
Sell 973 K USD
DUNCAN BRUCE W
Director
- 30200
32.23 USD
6 years ago
Apr 27, 2018
Sell 494 K USD
MUSIL SCOTT A
Chief Financial Officer
- 16300
30.31 USD
6 years ago
Apr 27, 2018
Sell 579 K USD
YAP JOHANNSON L
Chief Investment Officer
- 19156
30.24 USD
6 years ago
Feb 28, 2018
Sell 188 K USD
YAP JOHANNSON L
Chief Investment Officer
- 6600
28.54 USD
6 years ago
Dec 08, 2017
Sell 546 K USD
DUNCAN BRUCE W
Director
- 16854
32.42 USD
7 years ago
Nov 07, 2017
Sell 535 K USD
DUNCAN BRUCE W
Director
- 16855
31.73 USD
7 years ago
Oct 11, 2017
Sell 520 K USD
DUNCAN BRUCE W
Director
- 16855
30.85 USD
7 years ago
Sep 14, 2017
Sell 531 K USD
DUNCAN BRUCE W
Director
- 16855
31.5 USD
7 years ago
Aug 17, 2017
Sell 609 K USD
Harker David
EVP - Central Region
- 20000
30.45 USD
7 years ago
Aug 07, 2017
Sell 457 K USD
DUNCAN BRUCE W
Director
- 15146
30.15 USD
7 years ago
Jul 31, 2017
Sell 610 K USD
YAP JOHANNSON L
Chief Investment Officer
- 20000
30.51 USD
7 years ago
Jul 31, 2017
Sell 369 K USD
Schultz Peter
EVP - East Region
- 12132
30.43 USD
7 years ago
Jul 31, 2017
Sell 604 K USD
MUSIL SCOTT A
Chief Financial Officer
- 20000
30.22 USD
7 years ago
Jul 12, 2017
Sell 434 K USD
DUNCAN BRUCE W
Director
- 15146
28.68 USD
7 years ago
Jun 13, 2017
Sell 473 K USD
DUNCAN BRUCE W
Director
- 16000
29.59 USD
7 years ago
May 11, 2017
Sell 475 K USD
DUNCAN BRUCE W
Director
- 17157
27.71 USD
7 years ago
Apr 28, 2017
Sell 507 K USD
YAP JOHANNSON L
Chief Investment Officer
- 18000
28.18 USD
7 years ago
Apr 10, 2017
Sell 478 K USD
DUNCAN BRUCE W
Director
- 17156
27.84 USD
7 years ago
Mar 09, 2017
Sell 450 K USD
DUNCAN BRUCE W
Director
- 17156
26.21 USD
7 years ago
Feb 08, 2017
Sell 452 K USD
DUNCAN BRUCE W
Director
- 17460
25.89 USD
7 years ago
Jan 09, 2017
Sell 489 K USD
DUNCAN BRUCE W
Director
- 17360
28.19 USD
8 years ago
Nov 02, 2016
Sell 233 K USD
HACKETT H PATRICK JR
Director
- 9050
25.76 USD
8 years ago
Aug 05, 2016
Sell 1.02 M USD
YAP JOHANNSON L
Chief Investment Officer
- 35000
29 USD
8 years ago
Aug 05, 2016
Sell 449 K USD
Schultz Peter
EVP - East Region
- 15436
29.1 USD
8 years ago
Aug 05, 2016
Sell 435 K USD
MUSIL SCOTT A
Chief Financial Officer
- 15000
29.02 USD
8 years ago
Mar 07, 2016
Sell 584 K USD
DUNCAN BRUCE W
President and CEO
- 26333
22.17 USD
8 years ago
Feb 26, 2016
Sell 4.54 K USD
MUSIL SCOTT A
Chief Financial Officer
- 210
21.64 USD
8 years ago
Feb 26, 2016
Sell 23.8 K USD
MUSIL SCOTT A
Chief Financial Officer
- 1100
21.63 USD
8 years ago
Feb 26, 2016
Sell 23.8 K USD
MUSIL SCOTT A
Chief Financial Officer
- 1100
21.65 USD
8 years ago
Feb 29, 2016
Sell 205 K USD
MUSIL SCOTT A
Chief Financial Officer
- 9507
21.52 USD
9 years ago
Aug 14, 2015
Sell 1.36 M USD
DUNCAN BRUCE W
President and CEO
- 64312
21.11 USD
9 years ago
Aug 11, 2015
Sell 276 K USD
Schultz Peter
EVP - East Region
- 13190
20.95 USD
9 years ago
Aug 05, 2015
Sell 463 K USD
YAP JOHANNSON L
Chief Investment Officer
- 22001
21.05 USD
9 years ago
Aug 04, 2015
Sell 508 K USD
MUSIL SCOTT A
Chief Financial Officer
- 24000
21.17 USD
9 years ago
Aug 04, 2015
Sell 950 K USD
YAP JOHANNSON L
Chief Investment Officer
- 45000
21.12 USD
9 years ago
Feb 24, 2015
Sell 214 K USD
Harker David
EVP - Central Region
- 10000
21.45 USD
9 years ago
Dec 08, 2014
Sell 106 K USD
DUNCAN BRUCE W
President and CEO
- 5265
20.14 USD
9 years ago
Dec 10, 2014
Sell 201 K USD
DUNCAN BRUCE W
President and CEO
- 10000
20.1 USD
9 years ago
Dec 03, 2014
Sell 176 K USD
DUNCAN BRUCE W
President and CEO
- 8764
20.11 USD
9 years ago
Dec 04, 2014
Sell 149 K USD
DUNCAN BRUCE W
President and CEO
- 7415
20.11 USD
9 years ago
Nov 26, 2014
Sell 99 K USD
DUNCAN BRUCE W
President and CEO
- 5000
19.8 USD
9 years ago
Nov 28, 2014
Sell 475 K USD
DUNCAN BRUCE W
President and CEO
- 23556
20.16 USD
10 years ago
Nov 05, 2014
Sell 298 K USD
YAP JOHANNSON L
Chief Investment Officer
- 15000
19.84 USD
10 years ago
Nov 03, 2014
Sell 396 K USD
YAP JOHANNSON L
Chief Investment Officer
- 20000
19.78 USD
10 years ago
Nov 03, 2014
Sell 450 K USD
DUNCAN BRUCE W
President and CEO
- 22728
19.82 USD
10 years ago
Nov 04, 2014
Sell 342 K USD
DUNCAN BRUCE W
President and CEO
- 17272
19.82 USD
10 years ago
Sep 03, 2014
Sell 244 K USD
Schultz Peter
EVP - East Region
- 13302
18.38 USD
10 years ago
Aug 21, 2014
Sell 212 K USD
Schultz Peter
EVP - East Region
- 11456
18.5 USD
10 years ago
Aug 22, 2014
Sell 2.96 K USD
Schultz Peter
EVP - East Region
- 160
18.5 USD
10 years ago
Aug 18, 2014
Sell 115 K USD
MUSIL SCOTT A
Chief Financial Officer
- 6280
18.39 USD
10 years ago
Jul 29, 2014
Sell 288 K USD
MUSIL SCOTT A
Chief Financial Officer
- 15220
18.95 USD
10 years ago
Jul 29, 2014
Sell 22.5 K USD
MUSIL SCOTT A
Chief Financial Officer
- 1186
18.93 USD
10 years ago
Jul 29, 2014
Sell 17.4 K USD
MUSIL SCOTT A
Chief Financial Officer
- 920
18.92 USD
10 years ago
Mar 14, 2014
Sell 285 K USD
YAP JOHANNSON L
Chief Investment Officer
- 15000
19.03 USD
10 years ago
Mar 12, 2014
Sell 286 K USD
YAP JOHANNSON L
Chief Investment Officer
- 15037
19.03 USD
10 years ago
Dec 17, 2013
Sell 17.2 K USD
YAP JOHANNSON L
Chief Investment Officer
- 1000
17.2 USD
10 years ago
Dec 17, 2013
Sell 16.8 K USD
YAP JOHANNSON L
Chief Investment Officer
- 1000
16.76 USD
11 years ago
Sep 19, 2013
Sell 209 K USD
Harker David
EVP - Central Region
- 12400
16.85 USD
11 years ago
Sep 10, 2013
Sell 238 K USD
Harker David
EVP - Central Region
- 15000
15.9 USD
11 years ago
Aug 22, 2013
Bought 119 K USD
DOMINSKI MATTHEW
Director
+ 7900
15.09 USD
11 years ago
May 20, 2013
Sell 140 K USD
Harker David
EVP - Central Region
- 7546
18.61 USD
11 years ago
May 20, 2013
Sell 256 K USD
Harker David
EVP - Central Region
- 13779
18.58 USD
11 years ago
Feb 25, 2013
Bought 140 K USD
DOMINSKI MATTHEW
Director
+ 9000
15.61 USD
11 years ago
Dec 17, 2012
Sell 662 K USD
DUNCAN BRUCE W
President and CEO
- 48544
13.63 USD
11 years ago
Dec 18, 2012
Sell 702 K USD
DUNCAN BRUCE W
President and CEO
- 51456
13.65 USD
11 years ago
Dec 17, 2012
Sell 49.6 K USD
Harker David
EVP - Central Region
- 3650
13.6 USD
11 years ago
Nov 30, 2012
Sell 26.6 K USD
YAP JOHANNSON L
Chief Investment Officer
- 2000
13.32 USD
13 years ago
Aug 09, 2011
Bought 52 K USD
MUSIL SCOTT A
CFO, CAO
+ 6100
8.53 USD
13 years ago
Sep 09, 2011
Bought 40.8 K USD
YAP JOHANNSON L
Chief Investment Officer
+ 5000
8.15 USD
13 years ago
Aug 12, 2011
Bought 182 K USD
Sharpe Leonard Peter
Director
+ 20000
9.0874 USD
13 years ago
Aug 09, 2011
Bought 210 K USD
YAP JOHANNSON L
Chief Investment Officer
+ 25000
8.401 USD
13 years ago
Aug 08, 2011
Bought 436 K USD
DUNCAN BRUCE W
President and CEO
+ 50000
8.71 USD
13 years ago
Aug 08, 2011
Bought 206 K USD
DUNCAN BRUCE W
President and CEO
+ 25000
8.26 USD
7. News
First Industrial: Still Attractive Despite Policy Risk First Industrial Realty has shown solid performance, with a 26% rise in the past year and a 12% return since my last "buy" rating. Despite strong renewal lease signings and a robust balance sheet, elevated interest rates and geopolitical risks could cap FR's upside potential. FR's 2.8% dividend yield, 7+% expected dividend growth, and strong renewal activity support a "buy" rating, targeting 10% long-term returns. seekingalpha.com - 3 days ago
3 REITs With Rapid Dividend Growth Most REITs are in a strong position to grow their dividend in 2025. But some are growing far faster than others. I discuss 3 of the fastest growing REITs. seekingalpha.com - 2 weeks ago
First Industrial Realty Trust Declares Common Stock Dividends CHICAGO , Oct. 30, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that its board of directors declared a common stock dividend of $0.37 per share/unit for the quarter ending December 31, 2024 payable on January 21, 2025 to stockholders of record on December 31, 2024. About First Industrial Realty Trust, Inc. First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. prnewswire.com - 2 weeks ago
First Industrial Realty Trust, Inc. (FR) Q3 2024 Earnings Call Transcript First Industrial Realty Trust, Inc. (NYSE:FR ) Q3 2024 Earnings Conference Call October 17, 2024 11:00 AM ET Company Participants Art Harmon - SVP, IR & Marketing Peter Baccile - President and CEO Scott Musil - CFO Christopher Schneider - EVP, Operations & CIO Peter Schultz - EVP Johannson Yap - CIO Conference Call Participants Blaine Heck - Wells Fargo Craig Mailman - Citi Vikram Malhotra - Mizuho Caitlin Burrows - Goldman Sachs Rich Anderson - Wedbush Robert Stevenson - Janney Nick Thillman - Baird Vince Tibone - Green Street Michael Mueller - JPMorgan Nicholas Yulico - Scotiabank Brendan Lynch - Barclays Operator Good day, and welcome to the First Industrial Realty Trust, Inc. Third Quarter Results Call. All participants will be in a listen-only mode. seekingalpha.com - 1 month ago
First Industrial Realty Trust (FR) Tops Q3 FFO and Revenue Estimates First Industrial Realty Trust (FR) came out with quarterly funds from operations (FFO) of $0.68 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to FFO of $0.62 per share a year ago. zacks.com - 1 month ago
FIRST INDUSTRIAL REALTY TRUST REPORTS THIRD QUARTER 2024 RESULTS 51% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2024; Includes 300,000 Square-Foot Southern California Renewal Cash Same Store NOI Growth of 7.6% in the Third Quarter 33% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2025 Started a 542,000 Square-Foot Development in Nashville, Estimated Investment of $54 Million Acquired Fully Leased Four-Building Portfolio in Houston for $29 Million Sold Ten Buildings for $101 Million in the Third Quarter and Fourth Quarter To-Date 2024 NAREIT FFO Guidance Increased $0.02 at the Midpoint to $2.61 to $2.65 Per Share/Unit CHICAGO , Oct. 16, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced results for the third quarter of 2024. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.75 in the third quarter, compared to $0.57 a year ago and third quarter funds from operations (FFO) was $0.68 per share/unit on a diluted basis, compared to $0.62 per share/unit a year ago. prnewswire.com - 1 month ago
Important Trends For REIT Investors REIT investors must pay close attention to real estate trends. The office sector remains a mess and likely will for a long time to come. Multifamily is suffering temporarily, but 2025 could be a lot better. seekingalpha.com - 1 month ago
Rate Cut Rethink U.S. equity markets extended gains to a fifth-straight week despite a continued upswell in benchmark interest rates, as investors weighed a solid start to earnings season against lukewarm inflation data. All eyes were on the Consumer Price Index report, which posted a fractional upside surprise in September for a second-straight month, which followed four straight months of cooler-than-expected reports. Bond markets remained under pressure as buoyant labor market data last week and lukewarm inflation data this week has prompted investors to re-think the prospects of aggressive Fed rate cuts. seekingalpha.com - 1 month ago
Are You Looking for a High-Growth Dividend Stock? Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Industrial Realty Trust (FR) have what it takes? zacks.com - 1 month ago
2 REITs To Buy After The Rally REITs have surged in the recent month. But opportunities remain abundant. I present 2 REITs that are still deeply undervalued. seekingalpha.com - 1 month ago
First Industrial Realty Trust To Host Third Quarter 2024 Results Conference Call On October 17 CHICAGO , Oct. 1, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its third quarter 2024 results conference call on Thursday, October 17, 2024 at 10:00 a.m. CDT (11:00 a.m. prnewswire.com - 1 month ago
If I Could Only Hold 5 REITs Over The Next Decade I often hold my REITs for just 1-2 years. But there are some exceptions that we expect to hold for the long run. Here 5 REITs that I will hold for the next decade. seekingalpha.com - 2 months ago
8. Profile Summary

First Industrial Realty Trust, Inc. FR

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 6.94 B
Dividend Yield 0.68%
Description 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.
Contact One North Wacker Drive, Chicago, IL, 60606 https://www.firstindustrial.com
IPO Date June 24, 1994
Employees 156
Officers Mr. Johannson L. Yap Co-Founder, Chief Investment Officer & Executive Vice President of West Region Mr. Robert J. Walter Executive Vice President of Capital Markets & Asset Management Ms. Valerie Baxa Senior Vice President of Environmental Mr. Peter E. Baccile President, Chief Executive Officer & Director Mr. Arthur J. Harmon Senior Vice President of Investor Relations & Marketing Mr. Adam Moore Senior Regional Director of Chicago Ms. Sara E. Niemiec Chief Accounting Officer Mr. Scott A. Musil CPA Chief Financial Officer, Senior Vice President, Treasurer & Assistant Secretary Mr. Peter O. Schultz Jr. Executive Vice President of East Region Mr. Christopher M. Schneider CPA Executive Vice President of Operations & Chief Information Officer