FR
$59.19+1.72%
First Industrial Realty Trust Inc.Stock · Real EstateUS REITs · 0.5% of VNQUS Stock Market · 0.01% of VTIRussell 1000 · 0.01% of IWBRussell 3000 · 0.01% of IWV
FR financial statements
The full income statement, balance sheet, and cash-flow statement for First Industrial Realty Trust Inc. (FR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 132.3M2024-09 132.3M2024-12 132.4M2025-03 132.4M2025-06 132.4M2025-09 132.4M2025-12 132.5M2026-03 132.6M2026-06 132.6M+0.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 727M+8.6% | 670M+9.1% | 614M+13.7% | 540M+13.4% | 476M+6.3% | ||
| Lease income | 719M+8.8% | 661M+9.7% | 602M+13.2% | 532M+12.5% | 473M+8.2% | |
| Selling, general & administrative | 41.9M+2.5% | 40.9M+10.3% | 37.1M+9.3% | 34.0M-1.8% | 34.6M+5.4% | |
| General & administrative | 41.9M+2.5% | 40.9M+10.3% | 37.1M+9.3% | 34.0M-1.8% | 34.6M+5.4% | |
| Other non-operating income | -63.0M-348.6% | 25.4M+43.3% | 17.7M-76.7% | 76.1M-26.0% | 103M+220.9% | |
| Equity-method income | 34.7M+707.2% | 4.29M-86.7% | 32.2M-72.0% | 115M+71492.5% | -161K-103.8% | |
| Pre-tax income | 245M-17.8% | 298M+13.5% | 262M-9.6% | 290M+2.8% | 282M+42.3% | |
| Income tax | 15.3M+151.6% | 6.08M-30.1% | 8.69M-62.8% | 23.4M+378.8% | 4.88M+102.6% | |
| 247M-13.9% | 288M+4.6% | 275M-23.5% | 359M+32.5% | 271M+38.3% | ||
| Net income to non-controlling interest | 16.6M+97.2% | 8.43M-23.5% | 11.0M-51.0% | 22.5M+264.1% | 6.17M+47.7% | |
| Net income to common | 247M-13.9% | 287M+4.6% | 275M-23.5% | 359M+32.5% | 271M+38.3% | |
| $1.87-13.8% | $2.17+4.8% | $2.07-23.9% | $2.72+30.1% | $2.09+36.6% | ||
| EPS (basic) | $1.87-13.8% | $2.17+4.3% | $2.08-23.5% | $2.72+30.1% | $2.09+36.6% | |
| Weighted-avg shares (basic) | 132M+0.1% | 132M+0.1% | 132M+0.2% | 132M+1.8% | 130M+1.5% | |
| Weighted-avg shares (diluted) | 133M+0.1% | 132M+0.1% | 132M+0.2% | 132M+1.8% | 130M+1.5% | |
| Dividends per share | $1.78+20.3% | $1.48+15.6% | $1.28+8.5% | $1.18+9.3% | $1.08+8.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 78.0M+75.3% | 44.5M+1.5% | 43.8M-67.1% | 133M+127.4% | 58.6M-63.9% | |
| 5.69B+8.1% | 5.26B+1.7% | 5.18B+4.5% | 4.95B+18.6% | 4.18B+10.2% | ||
| Operating lease right-of-use | 19.6M-1.4% | 19.9M-17.9% | 24.2M-1.5% | 24.6M-1.4% | 24.9M-1.1% | |
| Intangible assets | 32.1M+66.1% | 19.3M-10.3% | 21.5M-10.7% | 24.1M+13.0% | 21.3M-15.4% | |
| 2.93B+16.4% | 2.52B-1.0% | 2.54B+4.8% | 2.42B+25.5% | 1.93B+4.7% | ||
| Operating lease liability (total) | 19.4M+10.5% | 17.6M-19.9% | 22.0M-1.2% | 22.3M-1.4% | 22.6M-1.0% | |
| 2.67B+0.2% | 2.67B+4.0% | 2.56B+4.2% | 2.46B+12.0% | 2.19B+15.4% | ||
| Common stock | 1.32M+0.2% | 1.32M+0.0% | 1.32M+0.2% | 1.32M+0.3% | 1.32M+2.1% | |
| Additional paid-in capital | 2.44B+0.5% | 2.43B+0.6% | 2.41B+0.4% | 2.40B+1.1% | 2.38B+6.8% | |
| Retained earnings | 231M+5.3% | 219M+71.6% | 128M+452.1% | 23.1M | — | |
| Accumulated other comprehensive income | 3.16M-84.2% | 19.9M-10.5% | 22.3M-33.3% | 33.4M+888.4% | -4.24M+75.0% | |
| Non-controlling interest | 87.5M+8.9% | 80.4M+11.5% | 72.1M+1.4% | 71.1M+32.8% | 53.6M+20.1% | |
| Total equity incl. non-controlling | 2.76B+0.5% | 2.75B+4.2% | 2.64B+4.1% | 2.53B+12.5% | 2.25B+15.5% | |
| Total liabilities & equity | 5.69B+8.1% | 5.26B+1.7% | 5.18B+4.5% | 4.95B+18.6% | 4.18B+10.2% | |
| Common shares issued | 132M+0.1% | 132M+0.0% | 132M+0.1% | 132M+0.3% | 132M+2.1% | |
| Common shares outstanding | 132M+0.1% | 132M+0.0% | 132M+0.1% | 132M+0.3% | 132M+2.1% | |
| Shares outstanding (cover) | 133M+0.1% | 132M+0.0% | 132M+0.1% | 132M+0.3% | 132M+2.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 461M+30.9% | 352M+15.6% | 305M-25.8% | 411M+54.0% | 267M+11.0% | ||
| Depreciation & amortization | 185M+7.8% | 172M+5.5% | 163M+10.5% | 147M+12.6% | 131M+1.0% | |
| -524M-298.3% | -132M+65.2% | -378M+39.9% | -629M-50.9% | -417M-65.6% | ||
| Capital expenditure | 346M+369.1% | 73.9M-43.6% | 131M-57.1% | 305M-13.5% | 353M+60.3% | |
| Free cash flow | 115M-58.8% | 279M+60.4% | 174M+64.5% | 106M+222.8% | -86.0M-525.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | -1.60M+66.5% | -4.76M-73.8% | -2.74M-270.3% | 1.61M+2736.1% | -61.0K-101.1% | |
| 89.3M+141.9% | -213M-666.8% | -27.8M-109.1% | 305M+3264.7% | 9.05M-84.5% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00-100.0% | 12.8M-91.2% | 146M+85.2% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 231M+19.5% | 193M+14.2% | 169M+9.0% | 155M+11.2% | 140M+9.7% | |
| Interest paid | 69.0M-16.7% | 82.9M+13.7% | 72.9M+56.9% | 46.4M+5.1% | 44.2M-9.5% | |
| Income taxes paid | 5.89M+11.1% | 5.30M-80.9% | 27.8M+638.1% | 3.76M+11.7% | 3.37M+114.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 7.59B+14.4% | 6.64B-4.7% | 6.97B+9.3% | 6.38B-26.9% | 8.72B+60.4% | |
| P/E | 30.7×+32.9% | 23.1×-11.3% | 26.0×+59.9% | 16.3×-49.4% | 32.2×+16.0% | |
| P/S | 10.4×+5.3% | 9.9×-14.5% | 11.6×-6.1% | 12.3×-32.6% | 18.3×+50.8% | |
| P/B | 2.8×+14.1% | 2.5×-9.4% | 2.7×+4.1% | 2.6×-33.6% | 4.0×+39.0% | |
| P/FCF | 66.1×+177.5% | 23.8×-38.8% | 38.9×-90.2% | 398.5× | — | |
| Earnings yield | 3.3%-24.8% | 4.3%+12.8% | 3.8%-37.4% | 6.1%+97.7% | 3.1%-13.8% | |
| FCF yield | 1.5%-64.0% | 4.2%+63.4% | 2.6%+924.0% | 0.25% | — | |
| Dividend yield | 3.1%+5.3% | 3.0%+21.5% | 2.4%-0.6% | 2.4%+49.9% | 1.6%-31.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: FR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FR filings on SEC EDGAR → Not investment advice.