20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
First Industrial Realty Trust Inc (FR) operates in the REIT - INDUSTRIAL industry and is headquartered in Chicago, United States with about 151 employees. Its market capitalization is roughly $8 billion. In the fiscal year ended 2025-12-31, FR reported $727M in revenue and $247M in net income.
First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.
Interactive charts & full statements → Open the FR valuation workbench →
| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $760M | $727M | $670M | $614M | $540M | $476M | $448M | $426M | $404M | $396M | $378M | $366M | $347M | $319M | $306M | $318M | $289M | $412M | $526M | $435M | $396M |
| Gross Profit | $262M | $164M | $487M | $448M | $396M | $345M | $329M | $309M | $287M | $283M | $265M | $250M | $231M | $215M | $210M | $88M | $82M | $88M | $101M | $117M | $110M |
| Gross Margin % | 34.5% | 22.6% | 72.7% | 73.0% | 73.4% | 72.4% | 73.4% | 72.6% | 71.0% | 71.4% | 70.2% | 68.3% | 66.7% | 67.3% | 68.5% | 27.6% | 28.3% | 21.4% | 19.1% | 27.0% | 27.7% |
| Operating Income (EBIT) | $316M | $308M | $272M | $245M | $214M | $179M | $198M | $231M | $259M | $255M | $239M | $224M | $208M | $192M | $74M | $67M | $55M | ($68M) | ($98M) | ($97M) | ($92M) |
| Operating Margin % | 41.6% | 42.3% | 40.7% | 39.8% | 39.6% | 37.7% | 44.3% | 54.3% | 64.2% | 64.3% | 63.1% | 61.4% | 60.0% | 60.2% | 24.0% | 21.1% | 19.1% | -16.5% | -18.7% | -22.4% | -23.2% |
| Net Income | $364M | $247M | $287M | $275M | $359M | $271M | $202M | $239M | $163M | $201M | $121M | $74M | $49M | $40M | ($7M) | ($7M) | ($203M) | ($17M) | $40M | $155M | $112M |
| Net Margin % | 48.0% | 34.0% | 42.9% | 44.8% | 66.5% | 56.9% | 45.0% | 56.1% | 40.4% | 50.8% | 32.1% | 20.2% | 14.2% | 12.7% | -2.2% | -2.3% | -70.3% | -4.2% | 7.5% | 35.6% | 28.3% |
| EBITDA | $686M | $569M | $557M | $501M | $491M | $465M | $304M | $286M | $264M | $262M | $245M | $232M | $220M | $210M | $209M | $199M | $200M | $97M | $87M | $82M | $71M |
| Earnings Per Share (EPS) | $2.75 | $1.87 | $2.17 | $2.08 | $2.72 | $2.09 | $1.58 | $1.88 | $1.31 | $1.70 | $1.05 | $0.67 | $0.45 | $0.38 | $-0.08 | $-0.09 | $-3.22 | $-0.35 | $0.92 | $3.52 | $2.55 |
| Shares Outstanding (M) | 133M | 133M | 132M | 132M | 132M | 130M | 128M | 127M | 124M | 119M | 115M | 111M | 110M | 107M | 91M | 81M | 63M | 49M | 43M | 44M | 44M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $195M | $195M | $188M | $181M | $180M | $177M | $175M | $168M |
| Gross Profit | $47M | $41M | $40M | $135M | $134M | $129M | $127M | $123M |
| Gross Margin % | 23.9% | 21.1% | 21.0% | 74.5% | 74.7% | 72.6% | 72.4% | 73.2% |
| Operating Income (EBIT) | $88M | $68M | $79M | $81M | $57M | $55M | $70M | $105M |
| Operating Margin % | 45.1% | 35.0% | 42.0% | 44.5% | 31.7% | 31.2% | 40.2% | 62.4% |
| Net Income | $77M | $143M | $79M | $65M | $55M | $48M | $68M | $99M |
| Net Margin % | 39.6% | 73.5% | 41.9% | 36.0% | 30.7% | 27.1% | 39.0% | 59.1% |
| EBITDA | $156M | $227M | $168M | $135M | $126M | $123M | $118M | $111M |
| Earnings Per Share (EPS) | $0.58 | $1.08 | $0.60 | $0.49 | $0.42 | $0.36 | $0.52 | $0.75 |
| Shares Outstanding (M) | 133M | 133M | 133M | 133M | 132M | 132M | 132M | 132M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $471M | $461M | $350M | $302M | $411M | $267M | $241M | $246M | $211M | $191M | $173M | $162M | $137M | $126M | $136M | $88M | $83M | $142M | $71M | $93M | $60M |
| Capital Expenditures (CapEx) | $1.1B | $346M | $216M | $362M | $828M | $233M | $161M | $254M | $355M | $146M | $180M | $318M | $217M | $188M | $138M | $91M | $90M | $0M | $583M | $677M | $814M |
| Free Cash Flow (FCF) | ($603M) | $115M | $135M | ($60M) | ($417M) | $34M | $80M | ($9M) | ($145M) | $45M | ($7M) | ($156M) | ($79M) | ($63M) | ($2M) | ($3M) | ($7M) | $142M | ($512M) | ($585M) | ($754M) |
| FCF Margin % | -79.4% | 15.8% | 20.1% | -9.7% | -77.2% | 7.1% | 17.9% | -2.0% | -35.9% | 11.5% | -1.8% | -42.6% | -22.9% | -19.6% | -0.7% | -0.9% | -2.3% | 34.5% | -97.3% | -134.4% | -190.5% |
| Dividends Paid | $299M | $231M | $193M | $169M | $155M | $140M | $127M | $117M | $110M | $101M | $83M | $56M | $47M | $38M | $23M | $15M | $20M | $33M | $165M | $173M | $163M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $114M | $89M | $122M | $146M | $126M | $89M | $77M | $105M |
| Capital Expenditures (CapEx) | $61M | $0M | $630M | $383M | $299M | $222M | $289M | $48M |
| Free Cash Flow (FCF) | $53M | $89M | ($508M) | ($237M) | ($173M) | ($133M) | ($213M) | $58M |
| FCF Margin % | 27.2% | 45.6% | -269.7% | -130.7% | -96.1% | -75.3% | -121.3% | 34.4% |
| Dividends Paid | $68M | $60M | $60M | $110M | $60M | $50M | $50M | $50M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.8B | $5.7B | $5.3B | $5.2B | $5.0B | $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 |
| Cash & Cash Equivalents | $37M | $78M | $45M | $44M | $133M | $59M | $162M | $21M | $43M | $21M | $10M | $4M | $10M | $8M | $5M | $10M | $26M | $183M | $3M | $6M | $16M |
| Total Liabilities | $2.9B | $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 | $2.0B |
| Total Debt (Short + Long-Term) | $2.6B | $2.4B | $2.2B | $1.9B | $1.9B | $1.5B | $1.9B | $1.5B | $1.3B | $1.3B | $1.3B | $1.4B | $1.4B | $1.2B | $1.4B | $1.4B | $1.7B | $2.0B | $2.0B | $1.9B | $1.7B |
| Total Shareholders' Equity | $2.8B | $2.7B | $2.7B | $2.6B | $2.5B | $2.2B | $1.9B | $1.8B | $1.6B | $1.4B | $1.2B | $1.1B | $1.0B | $1.1B | $1.1B | $1.0B | $847M | $1.0B | $987M | $924M | $1.0B |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive FR viewer.
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