Latest revenue
$194.8M
as of 2026-03-31
Latest net income
$143.1M
as of 2026-03-31
Net margin
73.5%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $8.39B
- Enterprise value
- $8.39B
- P/E (trailing)
- 33.9×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 2.9%
- 52-wk high
- $64.66
- 52-wk low
- $47.36
- Beta
- —
- Shares out
- 132.6M
5-year trend
What this company does
Item 1.Business Background First Industrial Realty Trust, Inc. is a self-administered and fully integrated real estate company which owns, manages, acquires, sells, develops and redevelops industrial real estate. The Company is a Maryland corporation organized on August 10, 1993 and a real estate investment trust ("REIT") as defined in the Internal Revenue Code of 1986 (the "Code"). As of December 31, 2025, our in-service portfolio consisted of 414 industrial properties, located in 19 states, containing an aggregate of approximately 69.9 million square feet of gross leasable area ("GLA"). We began operations on July 1, 1994. The Company's operations are conducted primarily through the…
AI summary unavailable — showing raw filing excerpt
Generated from FR's filing dated 2026-02-11
Key risks
Item 1A.Risk Factors Our operations involve various risks that could adversely affect our business, including our financial condition, our results of operations, our cash flow, our liquidity, our ability to make distributions to our stockholders and unitholders, the market price of the Company's common stock and the market value of the Units. These risks, among others contained in our other filings with the SEC, include: Risks Related to our Business: Real estate investments fluctuate in value depending on conditions in the general economy and the real estate industry. These conditions may limit our revenues and available cash. The factors that affect the value of our real estate and the…
AI summary unavailable — showing raw filing excerpt
Generated from FR's filing dated 2026-02-11
Profitability
Net margin
34.0%
20.7%Return on equity
9.3%
14.1%Return on assets
4.4%
20.4%Leverage
Debt / equity
1.13×
16.0%Long-term debt / equity
0.54×
44.2%Debt / assets
53.0%
7.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $194.8M | +10.0% | $143.1M | +197.5% | 73.5% |
Q4 2025 2025-12-31 | $188.4M | +7.3% | $78.8M | +15.2% | 41.8% |
Q3 2025 2025-09-30 | $181.4M | +8.2% | $65.3M | -34.3% | 36.0% |
Q2 2025 2025-06-30 | $180.2M | +9.8% | $55.2M | +7.5% | 30.6% |
Q1 2025 2025-03-31 | $177.1M | +9.1% | $48.1M | -29.7% | 27.2% |
Q4 2024 2024-12-31 | $175.6M | — | $68.4M | — | 39.0% |
Q3 2024 2024-09-30 | $167.6M | +8.1% | $99.4M | +32.5% | 59.3% |
Q2 2024 2024-06-30 | $164.1M | +7.8% | $51.3M | -6.1% | 31.3% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Real Estate Investment Trusts · SIC 6798
Your notes
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Insider activity
Insider buying
$0
Insider selling
$39.7K
Net activity
−$39.7K
Distinct insiders
1
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value | |
|---|---|---|---|---|---|---|
| 2025-12-17 | Johannson L Yap Chief Investment Officer | Sale | 340 | $58.39 | $19.9K | |
| 2025-12-17 | Johannson L Yap Chief Investment Officer | Sale | 340 | $58.34 | $19.8K |
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns FR
Institutional value
$4.18B
Total shares held
75.3M
Distinct holders
293
-22 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 16.7M | $966.5M | -23.7K (-0.1%) | Trimmed |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 12.6M | $729.9M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 5.9M | $343.0M | — | New |
| 4 | CENTERSQUARE INVESTMENT MANAGEMENT LLC | 4.3M | $249.2M | +1.7M (+62.6%) | Added |
| 5 | Invesco Ltd. | 3.4M | $199.2M | -674.3K (-16.4%) | Trimmed |
| 6 | PRUDENTIAL FINANCIAL INC | 2.8M | $161.3M | +656.0K (+30.8%) | Added |
| 7 | DUFF & PHELPS INVESTMENT MANAGEMENT CO | 2.2M | $127.0M | — | New |
| 8 | DIMENSIONAL FUND ADVISORS LP | 2.0M | $117.2M | +40.1K (+2.0%) | Added |
| 9 | Nuveen, LLC | 1.9M | $109.2M | +1.1M (+130.1%) | Added |
| 10 | DEUTSCHE BANK AG\ | 1.9M | $108.3M | -142.1K (-7.1%) | Trimmed |
| 11 | JPMORGAN CHASE & CO | 1.6M | $90.0M | +232.4K (+17.4%) | Added |
| 12 | Artemis Investment Management LLP | 1.2M | $68.6M | — | New |
| 13 | Bank of New York Mellon Corp | 1.1M | $61.7M | -10.4K (-1.0%) | Trimmed |
| 14 | Russell Investments Group, Ltd. | 891.6K | $51.6M | +53.0K (+6.3%) | Added |
| 15 | VANGUARD FIDUCIARY TRUST CO | 822.4K | $47.6M | — | New |
| 16 | Legal & General Group Plc | 755.1K | $43.7M | -63.1K (-7.7%) | Trimmed |
| 17 | Allianz Asset Management GmbH | 700.2K | $40.5M | +17.1K (+2.5%) | Added |
| 18 | Boston Partners | 473.5K | $27.5M | -32.5K (-6.4%) | Trimmed |
| 19 | KENNEDY CAPITAL MANAGEMENT LLC | 471.9K | $27.3M | +27.9K (+6.3%) | Added |
| 20 | UBS Group AG | 471.5K | $27.3M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once FR's latest filing finishes processing.