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First Industrial Realty Trust, Inc. (FR)

NYSE: FR · Real Estate Investment Trusts · Chicago, IL · filing with the SEC since 1996
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Grade6.4
◀ Past 7.0● Present 6.6▶ Future 5.7
OverviewBusinessFinancialsGradeForecastSentimentOwnershipPeopleFilingsPatents Chart

The company now

First Industrial Realty Trust is a property business, classed under Real Estate Investment Trusts, based in Chicago, IL. The company tags no split of its revenue by line of business in the annual report on file. Dividends paid were $0.23 billion in fiscal 2025. 315

From the record in brief, written by the desk, an AI model, from the company's record on Oct 27, 2026. Nothing here is advice.

Where the revenue comes from

No split of its revenue is on file yet.

The desk's written account of this company, its Past, Present and Future, is not on file yet.

How the company works

The desk has not read this company's annual report yet.

The record in brief

five sections from the record

By the desk, an AI model (Claude Haiku 4.5), written from the company's record on Oct 27, 2026; nothing here is advice. Every sentence rests on the numbered source beside it, and a sentence the record did not support was cut before the report was kept.

Past

Revenue grew from $378 million in fiscal 2016 to $727 million in fiscal 2025, up 7.5% a year over ten filed years, rising in 9 of 9 years and never falling from a peak; net income was positive in all 10 years. Over the three fiscal years to 2025, the diluted share count grew about 0.1% a year. Dividends declared per share moved from $0.76 in fiscal 2016 to $1.78 in fiscal 2025. The grade reads past 7.0 of 10. 123

Present

For the fiscal year ended 2025-12-31, First Industrial Realty Trust reported revenue of $727 million and profit of $247 million. Financial health: return on equity of 9 cents of profit per dollar of shareholders' money; leverage of 51 cents owed per dollar of assets; share count grew 0.1% over the year. Industry position: revenue of $727 million ranks in the top 47% by size among 157 graded names in its family; net margin of 34% ranks in the top 24%; revenue growth of 10.4% a year over the last three filed years ranks in the top 27%. Leadership: Peter E. Baccile is President and CEO, on the record since 2017-02-16 for 9.7 years; the 11 officers and directors filing in the last fifteen months have been on the record a median of 10.1 years; 7 officer or director changes were reported on Form 8-K since 2023-10-26. The grade reads present 6.6 of 10. 31

Future

The annual report for the fiscal year ending 2026-12-31 is due by 2027-03-01. A quarterly report for the quarter ending 2027-03-31 is due by 2027-05-10. Room to expand: cash of $78 million against no long-term debt leaves 1.4% of assets as net cash, in the top 25% of its family; cash from operations less capital spending is 63.4% of revenue, in the top 12%. Growth drivers: revenue grew 10.4% a year over the last three filed years against 7.5% over all ten, speeding up in the top 23% of its family; the newest year grew 8.6% in the top 27%. Expectations versus reality: revenue of $727 million in fiscal 2025 came in 2.5% below the $746 million its prior three years' pace pointed to; net income of $247 million against a prior three-year average of $307 million; net margin of 34% against 51.4% before. The grade reads future 5.7 of 10. 413

How the company operates

First Industrial Realty Trust is a property business, classed under Real Estate Investment Trusts, based in Chicago, IL. The company tags no split of its revenue by line of business in the annual report on file. Dividends paid were $0.23 billion in fiscal 2025. 315

New moves

On 2026-10-22, the company filed a Form 10-Q quarterly report for the period ended 2026-09-30, showing the quarterly money story and trend by quarter. On 2026-10-21, the SEC received a Form 8-K current report. 46

Sources

a number beside a sentence opens its entry in its own document's list
The record in brief 6 sources · written Oct 27, 2026
  1. FR: the nine metricsthis site's record
    show the quoted wordsTrack record (past, graded 8.0 of 10, weighs 33% of the past): First Industrial Realty Trust, Inc.'s 10 filed years say what it did: revenue went from $378 million in fiscal 2016 to $727 million in fiscal 2025, up 7.5% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).Shareholder treatment (past, graded 5.6 of 10, weighs 22% of the past): Over the 3 fiscal years to 2025-12-31, First Industrial Realty Trust, Inc.'s diluted share count grew about 0.1% a year, and dividends and buybacks returned about 53% of its operating cash flow over 3 years (its filed statements).Financial health (present, graded 7.1 of 10, weighs 45% of the present): Return on equity: in the fiscal year ended 2025-12-31, First Industrial Realty Trust, Inc. earned about 9 cents of profit for every dollar of shareholders' money. Leverage: it owed about 51 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements). Finding: ROE 9%: 9¢ oIndustry position (present, graded 6.7 of 10, weighs 33% of the present): First Industrial Realty Trust, Inc.'s standing among 157 graded names in its industry family: revenue of $727 million in fiscal 2025 ranks in the top 47% by size; a net margin of 34% ranks in the top 24%; revenue growth of 10.4% a year over the last 3 filed years ranks in the top 27% (its annual reports). Finding: top 33% ofLeadership (present, graded 5.2 of 10, weighs 22% of the present): First Industrial Realty Trust, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Baccile, Peter E. (President and CEO, as filed), filing under that title since 2017-02-16, 9.7 years (top 38% of its family); the 11 officers and directors filing in the last fifteen months haveRoom to expand (future, graded 8.1 of 10, weighs 22% of the future): First Industrial Realty Trust, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $78 million against no long-term debt tagged leaves 1.4% of its assets as net cash, top 25% of its family; cash from operations less capital spending is 63.4% of revenue (top 12%) (its annual report).Growth drivers (future, graded 7.5 of 10, weighs 33% of the future): First Industrial Realty Trust, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 10.4% a year over the last three filed years against 7.5% over all 10, speeding up (top 23% of its family); the newest year grew 8.6% (top 27%) (its annual reports).Expectations vs reality (future, graded 3.1 of 10, weighs 45% of the future): First Industrial Realty Trust, Inc.'s newest year against its own record: revenue of $727 million in fiscal 2025 came in 2.5% below the $746 million its prior three years' pace pointed to (bottom 47% of its family); net income of $247 million against a prior three-year average of $307 million (bottom 34%); a net margin oFirst Industrial Realty Trust, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
  2. FR: the statements' history (names, splits, dividends per share)a filing
    show the quoted wordsDividends declared per share (USD per share, what it declared for each share in the period), by fiscal year: FY2025 1.78; FY2024 1.48; FY2023 1.28; FY2022 1.18; FY2021 1.08; FY2020 1; FY2019 0.92; FY2018 0.87; FY2017 0.84; FY2016 0.76.
  3. FR: the company filethis site's record
    show the quoted wordsHeadline grade 6.4 of 10; the arc reads past 7.0, present 6.6, future 5.7; 9 of 9 metrics read as filed.In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $727 million and a profit of $247 million (its filed statements).Property business (prior from its industry code (SEC 6798, Real Estate Investment Trusts); the filing read can change it).Identity: First Industrial Realty Trust, Inc. is classed by the SEC under Real Estate Investment Trusts (industry code 6798), based in Chicago, IL.
  4. FR: the filing record, ten yearsa filing
    show the quoted wordsDeadline ahead: Annual report (Form 10-K) for the fiscal year ending 2026-12-31 is due by 2027-03-01; large accelerated filers have 60 days after the fiscal year ends.Deadline ahead: Quarterly report (Form 10-Q) for the quarter ending 2027-03-31 is due by 2027-05-10; large accelerated filers have 40 days after the quarter ends; quarter ends are taken to the month end.2026-10-22: Form 10-Q, Quarterly report, for the period ended 2026-09-30. The quarterly money story and the trend by quarter; Financial health reads the newest balance sheet.
  5. FR: the money and the checks, as fileda filing
    show the quoted wordsDividends (USD billions): 2018 0.11; 2019 0.12; 2020 0.13; 2021 0.14; 2022 0.16; 2023 0.17; 2024 0.19; 2025 0.23.
  6. FR: the alerts of the last thirty days (headlines only; the desk has not read the articles)this site's record
    show the quoted words2026-10-21, SEC EDGAR, current 8-K filings: "First Industrial Realty Trust, Inc. filed a Form 8-K"
SI Assistanton FR · research, not advice