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First Industrial Realty Trust Inc

firstindustrial.com

First Industrial Realty Trust (NYSE: FR) is an industrial real estate investment trust that owns, operates, acquires, and develops industrial properties across the United States. The company generates revenue primarily through rental income collected under lease agreements with tenants occupying its industrial facilities. It is structured as a REIT, with First Industrial, L.P. serving as the operating partnership through which property-level activities are conducted. The 10-K filed 2026-02-11 confirms the company operates as both a corporation (First Industrial Realty Trust, Inc.) and an operating partnership (First Industrial, L.P.), both of which are registered filers with the SEC. The filing does not provide specific portfolio size, total revenue figures, tenant concentration data, or named competitors within the excerpts available, so those details are omitted here.

Products & Services

Industrial real estate properties available for lease, including ownership, operation, acquisition, and development of such assets.

Revenue Model

Rental income from tenants leasing industrial properties, collected under lease agreements. The REIT structure requires distribution of the majority of taxable income to shareholders.

Customers & Markets

Industrial tenants. Specific customer names, concentration percentages, and end markets are not supported by the available filing excerpts.

Geographic Exposure

United States. Specific market or regional breakdown is not supported by the available filing excerpts.

Financial Snapshot

Revenue
TTM
$759.6M
Gross Margin
TTM
73.77%
Net Income
TTM
$364.3M
Current Assets
2026 Q2
$242.1M
Current Liabilities
2026 Q2
$234.6M
Current Ratio
2026 Q2
103.2%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$2.870B
Cash
2026 Q2
P/E
TTM
24.64
Free Cash Flow
TTM
-$80.09M

Stock Price

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Market Cap: $8.9783 Billion

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