First Industrial Realty Trust (FR) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), First Industrial Realty Trust had a P/E ratio of 30.67 (up from 23.09), return on equity of 9.6% (down from 11.0%), debt-to-equity of 0.93 (up from 0.81) and a current ratio of 0.52 (down from 1.42). A current ratio of 0.52 means current liabilities exceed current assets. Its dividend yield was 3.11% with a payout ratio of 93.4%.

First Industrial Realty Trust Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	30.67	23.09	25.37	17.77	31.86	27.79
P/S Ratio	10.42	9.87	11.27	9.74	18.11	12.14
P/B Ratio	2.75	2.42	2.64	2.52	3.84	2.79
Price/Tangible Book	2.87	2.51	2.74	2.62	3.97	2.90
Price/OCF	16.44	18.82	22.86	15.52	32.32	22.61
Enterprise Value Ratios
EV/Revenue	13.83	13.18	14.89	12.68	21.55	15.53
EV/EBITDA	20.00	19.64	22.27	17.25	32.23	22.89
EV/EBIT	32.65	32.23	37.00	25.24	57.23	41.87
Profitability & Returns
Return on Equity (ROE)	9.59%	11.00%	11.07%	15.97%	13.21%	10.69%
Return on Assets (ROA)	3.52%	3.29%	3.07%	4.50%	2.81%	2.84%
Return on Invested Capital (ROIC)	5.65%	5.47%	5.08%	7.29%	4.72%	4.77%
Leverage & Solvency Ratios
Debt/Equity	0.93	0.81	0.85	0.83	0.73	0.84
Debt/EBITDA	5.08	4.90	5.39	4.31	5.09	5.31
Liquidity Ratios
Current Ratio	0.52	1.42	1.28	1.42	1.65	3.13
Quick Ratio	0.50	1.23	1.13	1.20	0.85	1.80
Efficiency Ratios
Asset Turnover	0.13	0.13	0.12	0.14	0.12	0.12
Yield & Distribution Ratios
Earnings Yield	3.26%	4.33%	3.95%	5.63%	3.14%	3.61%
Dividend Yield	3.11%	2.95%	2.43%	2.45%	1.65%	2.71%
Payout Ratio	93.44%	67.28%	61.63%	43.25%	51.55%	64.97%
Buyback Yield	-0.07%	-0.06%	-0.18%	-1.79%	-1.46%	-0.96%
Total Return	3.04%	2.90%	2.25%	0.65%	0.19%	1.75%

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 Ratios

What is First Industrial Realty Trust's P/E ratio?

First Industrial Realty Trust's P/E ratio was 30.67 for fiscal 2025 (period ended Dec 31, 2025). It was 23.09 a year earlier.

What is First Industrial Realty Trust's return on equity?

First Industrial Realty Trust's return on equity (ROE) was 9.6% for fiscal 2025 (period ended Dec 31, 2025). It was 11.0% a year earlier.

What is First Industrial Realty Trust's debt-to-equity ratio?

First Industrial Realty Trust's debt-to-equity ratio was 0.93 for fiscal 2025 (period ended Dec 31, 2025). It was 0.81 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition