First Industrial Realty Trust (FR) financial statements
First Industrial Realty Trust reported revenue of $727M in fiscal 2025, up 7.5% a year over 9 years.
Net income was $247M.
The diluted share count rose 15% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from First Industrial Realty Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $378M | $396M | $404M | $426M | $448M | $476M | $540M | $614M | $670M | $727M |
| Selling, general and admin | $27M | $28M | $28M | $29M | $33M | $35M | $34M | $37M | $41M | $42M |
| Operating income | — | — | $140M | $160M | $166M | $179M | $214M | $245M | $272M | $308M |
| Interest expense | $59M | $57M | $51M | $50M | — | — | — | — | — | — |
| Pre-tax income | $127M | $209M | $168M | $231M | $198M | $282M | $290M | $262M | $298M | $245M |
| Income tax | $1M | $1M | -$92,000 | $3M | $2M | $5M | $23M | $9M | $6M | $15M |
| Net income | $121M | $201M | $163M | $239M | $196M | $271M | $359M | $275M | $288M | $247M |
| EPS (diluted) | $1.05 | $1.69 | $1.31 | $1.88 | $1.53 | $2.09 | $2.72 | $2.07 | $2.17 | $1.87 |
| Diluted shares | 115M | 119M | 124M | 127M | 128M | 130M | 132M | 132M | 132M | 133M |
| Operating margin | — | — | 34.7% | 37.5% | 37.1% | 37.7% | 39.6% | 39.8% | 40.7% | 42.3% |
| Net margin | 32.1% | 50.8% | 40.4% | 56.1% | 43.7% | 56.9% | 66.5% | 44.8% | 42.9% | 34.0% |
Balance sheet
Fiscal years, from First Industrial Realty Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $10M | $21M | $43M | $21M | $162M | $59M | $133M | $44M | $45M | $78M |
| Total assets | $2.8B | $2.9B | $3.1B | $3.5B | $3.8B | $4.2B | $5.0B | $5.2B | $5.3B | $5.7B |
| Total liabilities | $1.5B | $1.5B | $1.5B | $1.7B | $1.8B | $1.9B | $2.4B | $2.5B | $2.5B | $2.9B |
| Shareholders' equity | $1.2B | $1.4B | $1.6B | $1.8B | $1.9B | $2.2B | $2.5B | $2.6B | $2.7B | $2.7B |
| Net debt | -$10M | -$21M | -$43M | -$21M | -$162M | -$59M | -$133M | -$44M | -$45M | -$78M |
Cash flow
Fiscal years, from First Industrial Realty Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $174M | $193M | $210M | $246M | $240M | $267M | $411M | $305M | $352M | $461M |
| Stock-based compensation | $7M | $9M | $8M | $8M | $13M | $14M | $16M | $17M | $20M | $20M |
| Dividends paid | $83M | $101M | $110M | $117M | $127M | $140M | $155M | $169M | $193M | $231M |
| Dividends per share | $0.72 | $0.85 | $0.88 | $0.93 | $1.00 | $1.08 | $1.18 | $1.28 | $1.46 | $1.74 |
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What was First Industrial Realty Trust's revenue in 2025?
$727M in fiscal 2025, from its 10-K filing.
From First Industrial Realty Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.