FR · First Industrial Realty Trust Inc
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted EBITDA (d) non-GAAP | 256.42M | Six Months Ended June 30, 2026 | — |
| Adjusted Funds From Operations ("AFFO") (d) non-GAAP | 176.45M | Six Months Ended June 30, 2026 | — |
| Cash rental rates on commenced new and renewal leasing | 39% | Q2 2026 | — |
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| Cash Same Store NOI Growth | 6.7% | Q2 2026 | — |
| Funds From Operations ("FFO") (NAREIT) (d) non-GAAP | 204.19M | Six Months Ended June 30, 2026 | — |
| In service occupancy | 94.9% | Q2 2026 | — |
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| Net Operating Income ("NOI") (d) non-GAAP | 288.14M | Six Months Ended June 30, 2026 | — |
| Same Store NOI (Cash Basis without Termination Fees) (d) non-GAAP | 268.47M | Six Months Ended June 30, 2026 | — |
| Same Store NOI Before Same Store Adjustments (d) non-GAAP | 272.8M | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDA non-GAAP | $495.75M | Full Year 2025 | — |
GAAP → non-GAAP reconciliationGAAP Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participat 247.44M
+84.89M Interest Expense
+184.68M Depreciation and Other Amortization of Real Estate
+2.61M Depreciation and Other Amortization of Real Estate in the Joint Venture (a)
+1.37M Income Tax Provision - Allocable to FFO (b)
+16.64M Net Income Attributable to the Noncontrolling Interests
-372K Equity in FFO from Joint Venture Attributable to the Noncontrolling Interest (a)
+5.03M Amortization of Debt Issuance Costs
+634K Depreciation of Corporate FF&E
-26.91M Gain on Sale of Real Estate
-34.18M Gain on Sale of Real Estate from Joint Venture (a)
+13.91M Income Tax Provision - Excluded from FFO (b)
= Adjusted EBITDA 495.75M
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| Adjusted Funds From Operations (AFFO) non-GAAP | $333.47M | Full Year 2025 | — |
GAAP → non-GAAP reconciliationGAAP Funds From Operations ("FFO") (NAREIT) 403.82M
+20.3M Amortization of Equity Based Compensation
+816K Amortization of Debt Discounts and Hedge Costs
+5.03M Amortization of Debt Issuance Costs
+634K Depreciation of Corporate FF&E
-22.04M Non-incremental Building Improvements
-34.64M Non-incremental Leasing Costs
-12.79M Capitalized Interest
-8.01M Capitalized Overhead
-19.65M Straight-Line Rent, Amortization of Above (Below) Market Leases and Lease Inducements
= Adjusted Funds From Operations ("AFFO") 333.47M
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| Cash rental rate increase on leases signed to date commencing in 2026 | 35% | FY2026 | — |
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| Cash rental rates on commenced new and renewal leasing excluding fixed-rate renewal | 37% | Full Year 2025 | — |
| Net Operating Income (NOI) non-GAAP | $534.97M | Full Year 2025 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted EBITDA 495.75M
+41.95M General and Administrative
-2.73M Equity in FFO from Joint Venture, Net of Noncontrolling Interest (a)
= Net Operating Income ("NOI") 534.97M
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| Same Store NOI (Cash Basis without Termination Fees) non-GAAP | $487.62M | Full Year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Industrial — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FR
this stock
First Industrial Realty Trust Inc
|
$8.32B | +9.6% | +8.6% | 22.8 | 2.9% |
|
PLD
Prologis, Inc.
|
$131.04B | +10.7% | +7.2% | 35.4 | 1.9% |
|
PSA
Public Storage
|
$57.21B | +25.3% | +2.7% | 31.1 | 3.2% |
|
EXR
Extra Space Storage Inc.
|
$31.34B | +13.6% | +3.7% | 32.8 | 2.2% |
|
EGP
Eastgroup Properties Inc
|
$10.85B | +13.6% | +12.7% | 35.4 | 4.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FR | -0.9% | -7.3% | -1.1% | -4.7% | +9.6% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | -0.5% | -10.2% | -12.7% | -7.6% | -3.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.