Pricing Log in Create free account
Friday 6 November 2026 Export FR’s income statement to Excel — free account

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.

Revenue
+8.65%
EPS
−10.2%
Free cash flow
−240.7%
Total debt
+9.93%

Quarter to September 2026, against a year earlier

53.76 0.16 −0.30%
Market cap
$7.4B
P/E
20.1×
Fwd P/E
21.7×
Dividend yield
3.60%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

First Industrial Realty Trust, Inc. (FR) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, First Industrial Realty Trust, Inc. (FR) trades at a EV/EBITDA of 18.2×. Over the past ten years it has ranged from 15.0× (September 2015) to 32.2× (December 2021); the current reading is higher than 17% of that period. That is below the Reit Industrial industry median of 19.8× and above the Real Estate sector median of 15.5×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 19.8× 1.92%
FY2024 19.4× (12.66%)
FY2023 22.3× (0.43%)
FY2022 22.4× (29.02%)
FY2021 31.5× 42.93%
FY2020 22.0× (2.89%)
FY2019 22.7× 24.78%
FY2018 18.2× (2.43%)
FY2017 18.6× 0.29%
FY2016 18.6× 11.95%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 19.5× (2.99%)
Jun 2026 20.1× 1.64%
Mar 2026 19.8× (0.03%)
Dec 2025 19.8× 7.48%
43 more quarters

Against its own ten years

Low 15.0× High 32.2×
Ten-year median 20.5×
Current reading's percentile 17

EV/EBITDA against peers

Company EV/EBITDA
LINE Lineage, Inc. compare 13.8×
REXR Rexford Industrial Realty, Inc. compare 15.7×
STAG Stag Industrial, Inc. compare 16.0×
FR First Industrial Realty Trust, Inc. 18.2×
CUBE CubeSmart compare 19.3×
SMA Smartstop Self Storage REIT Inc compare 20.2×
EGP EastGroup Properties, Inc. compare 22.6×
TRNO Terreno Realty Corporation compare 26.4×
COLD Americold Realty Trust Inc. compare 61.0×
Reit Industrial industry median 19.8×
Real Estate sector median 15.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on FR