The Tip Desk

FIRST INDUSTRIAL REALTY TRUST INC

Company Stats

Market Cap
$7.9B
as of Sep 30, 2026
Enterprise Value
$10.4B
Shares Outstanding
132.6M
Free Float
99.9%

Income Statement

Revenue
$727.1M
Net Income
$247.4M
Revenue Growth, 3Y
10.4%
FCF Margin, 3Y Avg
46.7%
FCF Margin, Worst Year
40.5%

Cash Flow

Free Cash Flow
$391.2M
FCF Yield
5.0%
Owner FCF Yield
4.7%

Balance Sheet

Cash & Equivalents
$78.0M
Total Debt
$2.6B
Net Debt
$2.5B

Returns & Capital

Dividends Paid
$231.2M
Dividend Yield
2.9%
Dividend Payout, 3Y Avg
74.1%
SBC, 3Y Avg
$19.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$727.1M$391.2M53.8%
FY2024$669.6M$306.2M45.7%
FY2023$614.0M$248.9M40.5%
FY2022$539.9M$324.5M60.1%
FY2021$476.3M$184.4M38.7%

Annual filing data through FY ended December 31, 2025; shares and float as of October 25, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage