Thursday 15 October 2026
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First Industrial Realty Trust, Inc.
FR Real Estate Reit Industrial
First Industrial Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $727.1 million, up 8.58% from fiscal 2024. In the quarter to June 2026, revenue grew 8.20%, EPS grew 38.1%, free cash flow grew 183.1% and total debt rose 7.19%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten.
58.52
0.28
−0.48%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
30.79 | 23.00 | 25.59 | 17.65 | 31.83 | 27.54 | 21.96 | 22.20 | 18.44 | 26.99 |
Piotroski F-Score |
5 | 7 | 5 | 6 | 4 | 6 | 6 | 5 | 7 | 6 |
P/S ratio |
10.43 | 9.91 | 11.41 | 11.74 | 18.03 | 12.01 | 12.32 | 8.85 | 9.30 | 8.54 |
P/FCF ratio |
0.00 | 29.89 | 0.00 | 0.00 | 0.00 | 210.38 | 99.80 | 274.32 | 37.10 | 64.78 |
P/Operating CF |
62.16 | 86.42 | 108.84 | 97.61 | 121.85 | 106.99 | 94.78 | 60.09 | 83.09 | 69.18 |
P/B ratio |
2.75 | 2.42 | 2.66 | 2.50 | 3.82 | 2.76 | 2.92 | 2.13 | 2.50 | 2.51 |
Price to Tangible BV |
2.77 | 2.44 | 2.68 | 2.53 | 3.86 | 2.80 | 2.96 | 2.17 | 2.55 | 2.57 |
EV/Sales |
13.84 | 13.13 | 14.96 | 15.30 | 21.28 | 15.12 | 15.44 | 11.93 | 12.45 | 12.05 |
EV/EBITDA |
19.81 | 19.44 | 22.26 | 22.35 | 31.49 | 22.03 | 22.69 | 18.18 | 18.63 | 18.58 |
EV/Operating CF |
21.81 | 24.95 | 30.14 | 20.10 | 37.98 | 28.18 | 26.79 | 22.90 | 25.64 | 26.19 |
EV/FCF |
(78.00) | 39.61 | (135.58) | (34.22) | (61.29) | 264.92 | 125.11 | 370.09 | 49.69 | 91.37 |
Quick Ratio |
1.12 | 1.21 | 1.06 | 1.17 | 0.85 | 1.88 | 1.65 | 1.18 | 1.07 | 0.87 |
Current Ratio |
1.12 | 1.21 | 1.06 | 1.17 | 0.85 | 1.88 | 1.65 | 1.18 | 1.07 | 0.87 |
Net Debt/EBITDA |
4.87 | 4.77 | 5.28 | 5.20 | 4.82 | 4.54 | 4.59 | 4.70 | 4.72 | 5.41 |
Debt/Assets |
44.89% | 41.99% | 42.98% | 41.71% | 38.53% | 42.05% | 42.16% | 41.30% | 44.10% | 48.23% |
Debt/Equity |
0.93 | 0.80 | 0.84 | 0.82 | 0.72 | 0.82 | 0.83 | 0.77 | 0.88 | 1.05 |
Asset Turnover |
0.13 | 0.13 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.14 | 0.14 |
Operating CF/Net income |
1.87 | 1.23 | 1.11 | 1.15 | 0.99 | 1.23 | 1.03 | 1.29 | 0.96 | 1.43 |
Capex/Depreciation |
(2.95) | (0.73) | (2.22) | (4.19) | (3.03) | (1.52) | (1.48) | (1.58) | (0.74) | (0.98) |
Interest Coverage |
3.62 | 3.28 | 3.29 | 4.37 | 4.07 | 3.24 | 3.17 | 2.76 | 2.42 | 1.99 |
| 8.98% | 10.68% | 10.63% | 15.02% | 12.90% | 10.47% | 13.70% | 10.31% | 14.60% | 10.10% | |
| 4.52% | 5.51% | 5.42% | 7.86% | 6.79% | 5.36% | 7.15% | 5.35% | 7.03% | 4.41% | |
ROIC |
3.67% | 3.47% | 3.18% | 3.00% | 2.95% | 3.11% | 3.19% | 2.99% | 3.17% | 2.83% |
Return on Tangible Assets |
4.75% | 5.99% | 5.82% | 8.04% | 7.22% | 5.78% | 7.64% | 5.65% | 7.42% | 4.71% |
Average Days of Receivables |
96.86 | 92.77 | 92.15 | 87.92 | 79.57 | 73.55 | 73.89 | 68.91 | 69.18 | 69.65 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
5.77% | 6.11% | 6.05% | 6.29% | 7.27% | 7.33% | 6.71% | 6.87% | 7.08% | 7.06% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.35) | (0.35) | (0.33) | (0.34) | (0.21) | (0.29) | (0.28) | (0.37) | (0.36) | (0.44) |
Graham Number |
29.53 | 31.90 | 30.46 | 34.25 | 28.48 | 22.91 | 24.60 | 19.92 | 21.78 | 16.17 |
Earnings Yield |
3.25% | 4.35% | 3.91% | 5.67% | 3.14% | 3.63% | 4.55% | 4.50% | 5.42% | 3.71% |
Free Cash Flow Yield |
(1.70%) | 3.35% | (0.97%) | (3.81%) | (1.93%) | 0.48% | 1.00% | 0.36% | 2.70% | 1.54% |
Revenue per Share |
5.49 | 5.06 | 4.64 | 4.09 | 3.67 | 3.51 | 3.37 | 3.26 | 3.35 | 3.29 |
Operating CF per Share |
3.48 | 2.66 | 2.30 | 3.11 | 2.06 | 1.88 | 1.94 | 1.70 | 1.63 | 1.51 |
Capex per Share |
(4.46) | (0.99) | (2.82) | (4.94) | (3.33) | (1.68) | (1.53) | (1.59) | (0.79) | (1.08) |
Free Cash Flow per Share |
(0.97) | 1.68 | (0.51) | (1.83) | (1.28) | 0.20 | 0.42 | 0.11 | 0.84 | 0.43 |
Cash per Share |
0.59 | 0.39 | 0.33 | 1.10 | 0.45 | 1.56 | 1.21 | 0.41 | 0.39 | 0.19 |
Shareholders Equity per Share |
20.83 | 20.75 | 19.92 | 19.17 | 17.34 | 15.25 | 14.23 | 13.57 | 12.48 | 11.17 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
20.83 | 20.75 | 19.92 | 19.17 | 17.34 | 15.25 | 14.23 | 13.57 | 12.48 | 11.17 |
Free Cash Flow |
(128.98) | 221.99 | (67.76) | (241.34) | (165.38) | 25.58 | 52.57 | 13.03 | 99.36 | 49.85 |
Working Capital |
29.44 | 37.95 | 11.24 | 39.88 | (27.66) | 135.94 | 93.75 | 19.13 | 8.06 | (14.25) |
Capital Expenditures |
(590.25) | (130.50) | (372.57) | (652.28) | (432.28) | (214.85) | (192.96) | (197.47) | (93.20) | (124.04) |
Net Current Asset Value |
(2,658.17) | (2,293.52) | (2,341.79) | (2,148.85) | (1,768.11) | (1,554.68) | (1,481.61) | (1,336.14) | (1,343.58) | (1,415.04) |
EV/EBIT |
32.70 | 32.28 | 37.55 | 38.60 | 56.49 | 40.73 | 41.21 | 34.40 | 35.66 | 38.60 |
Capex to Sales |
0.81 | 0.19 | 0.61 | 1.21 | 0.91 | 0.48 | 0.45 | 0.49 | 0.24 | 0.33 |
Price to Operating Income |
24.65 | 24.36 | 28.64 | 29.62 | 47.85 | 32.34 | 32.87 | 25.50 | 26.62 | 27.36 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 |
Cash ROIC |
(2.39%) | 4.43% | (1.38%) | (5.09%) | (4.22%) | 0.68% | 1.53% | 0.43% | 3.52% | 1.88% |
Accounts Receivable Turnover |
4.00 | 4.12 | 4.31 | 4.62 | 4.91 | 5.08 | 5.24 | 5.34 | 5.38 | 5.40 |
Accounts Payable Turnover |
1.23 | 1.32 | 0.98 | 0.83 | 0.96 | 1.01 | 1.21 | 1.41 | 1.33 | 1.26 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
340.99 | 265.01 | 316.03 | 492.97 | 425.59 | 368.36 | 358.90 | 245.71 | 278.29 | 274.30 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
181.57 | 162.61 | 142.54 | 116.94 | 97.06 | 88.26 | 81.25 | 75.70 | 73.63 | 70.04 |
Average Payables |
155.81 | 138.08 | 168.73 | 173.56 | 136.69 | 117.46 | 96.65 | 82.60 | 85.47 | 89.06 |
Average Assets |
5,474.75 | 5,218.60 | 5,065.04 | 4,566.71 | 3,985.52 | 3,655.38 | 3,330.76 | 3,041.88 | 2,867.16 | 2,751.54 |
Average Common Equity |
2,752.48 | 2,690.57 | 2,582.70 | 2,389.34 | 2,097.85 | 1,872.79 | 1,739.09 | 1,577.89 | 1,380.25 | 1,199.88 |
Columns are period end dates