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FR Financials First Industrial Realty Trust Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 10.2% per year over the past 5 years.
  • Net income has grown slower than revenue (4.8% vs 10.2% per year).

Financial health

  • Total debt has grown slower than revenue (-0.5% vs 10.2% per year).

Shareholder returns

  • Dividends have been paid for 13 consecutive years, consuming 93.4% of earnings.
  • The dividend has grown 12.7% per year over the past 5 years.
Revenue & net income
-$7M $360M $727M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 33% 67% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $742M $1B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$629M -$84M $461M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $727M $247M 0.0% 0.0% $78M
2024 $670M $288M 0.0% 0.0% $45M
2023 $614M $275M 0.0% 0.0% $44M
2022 $540M $359M 0.0% 0.0% $133M
2021 $476M $271M 0.0% 0.0% $59M
2020 $448M $196M 0.0% 0.0% $162M
2019 $426M $239M 0.0% 0.0% $21M
2018 $404M $163M 0.0% 0.0% $43M
2017 $396M $201M 0.0% 0.0% $1.3B $21M
2016 $378M $121M 0.0% 0.0% $1.4B $10M
2015 $74M $1.4B $4M
2014 $49M $1.3B $10M
2013 $40M $1.3B $8M
2012 -$1M $1.3B $5M
2011 -$7M $1.5B $10M

Valuation over time

How the market has priced FR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 16.9 33.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 6.5 13.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 1.5 3.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is FR growing its revenue and profit?

Over the past 5 years, First Industrial Realty Trust Inc's revenue has grown 10.2% per year, and net income grown 4.8% per year. These are computed facts, not advice.

How much debt does FR have?

As of FY2025, First Industrial Realty Trust Inc reported — of total debt against $78M of cash.

What is FR's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 34.0%.

What is FR's P/E ratio?

As of Jun '26, First Industrial Realty Trust Inc traded at a price-to-earnings ratio of about 33.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.