First Industrial Realty Trust (FR) Financial Statements & Analysis

First Industrial Realty Trust Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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First Industrial Realty Trust, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	727.08	669.64	614.03	539.93	476.29	447.79	425.51	403.68	396.40
Cost of Revenue	562.74	182.82	165.66	143.66	131.30	119.20	116.59	116.85	113.49
Gross Profit	164.34	485.29	448.37	396.27	344.99	328.59	308.92	286.82	282.91
Operating Expenses
Research & Development	0.00	1.53	3.67	0.91	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	41.95	40.94	37.12	33.97	34.61	32.85	28.57	27.75	28.08
Operating Expenses	-143.37	214.40	203.74	182.30	165.56	130.21	77.87	27.75	28.08
Operating Income	307.71	272.42	244.63	213.97	179.43	198.38	231.05	259.08	254.83
Other Income/Expense
Interest Income	0.00	4.30	-3.63	114.94	-0.16	0.00	0.00	0.00	0.00
Interest Expense	89.92	82.97	74.34	49.01	47.53	54.72	50.27	50.78	57.20
Other Income/Expense	-28.35	25.35	49.90	128.27	102.78	4.20	16.24	-91.83	-45.34
Income
Income Before Tax	279.36	302.06	294.53	290.03	282.05	202.58	247.29	167.24	209.49
Income Tax Expense	15.28	6.08	8.69	23.36	4.88	2.41	3.41	-0.09	1.19
Net Income	247.44	287.34	274.82	359.13	270.70	201.58	238.78	163.24	201.46
Net Income - Continuous Operations	247.44	287.34	274.82	381.61	271.00	201.58	238.78	163.24	201.46
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	568.83	451.25	501.17	491.37	318.32	303.87	286.24	264.22	261.80
EBIT	308.19	274.96	336.66	339.05	179.27	-	-	-	-
Depreciation & Amortization	185.32	176.29	164.52	147.42	139.06	137.76	127.11	121.60	123.33
Earnings Per Share
Basic EPS	2.00	2.00	2.00	3.00	2.00	2.00	2.00	1.00	2.00
Diluted EPS	2.00	2.00	2.00	3.00	2.00	2.00	2.00	1.00	2.00
Basic Shares Outstanding	132.45	132.37	132.26	132.02	129.69	127.71	126.39	123.80	118.27
Diluted Shares Outstanding	132.50	132.42	132.34	132.10	129.78	127.90	126.69	124.19	118.79

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About First Industrial Realty Trust Financial Statements

What was First Industrial Realty Trust's revenue in fiscal 2025?

First Industrial Realty Trust reported revenue of $727.08M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 8.6% from $669.64M a year earlier.

Is First Industrial Realty Trust profitable?

Yes. First Industrial Realty Trust earned net income of $247.44M in fiscal 2025, a net margin of 34.0%. In fiscal 2024 it earned $287.34M.

What is First Industrial Realty Trust's operating margin?

First Industrial Realty Trust's operating income was $307.71M on revenue of $727.08M in fiscal 2025, an operating margin of 42.3%, compared with 40.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition