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First Industrial Realty Trust

OverviewSuggest Edit

First Industrial Realty Trust is a REIT (NYSE: FR) and leading owner, operator and developer of industrial real estate. An enterprising group of problem solvers, First Industrial is dedicated to helping businesses - from multinational corporations to regional companies - stay ahead of their evolving requirements. Providing a range of supply chain solutions, First Industrial owns an industrial portfolio of more than 650 properties in the top North American industrial markets. Through our successful established platform, we lease, manage, buy, sell and develop only industrial assets. In addition, our experienced professionals have unmatched market knowledge, and continuously provide industry leading customer service and responsiveness. First Industrial satisfies industrial real estate needs by offering bulk and regional distribution centers, light industrial, and other industrial facility types. But more than available properties, today’s corporations require a strategic real estate partner who can provide comprehensive solutions – solutions that First Industrial is best equipped to provide due to its blend of national presence, local management, industrial focus, and access to capital.
TypePublic
Founded1994
HQChicago, IL, USMap
Websitefirstindustrial.com
Employee Ratings3.5More
View Jobs (5)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)155(+7%)
Job Openings5
Revenue (FY, 2020)$448 M(+6%)
Share Price (May 2022)$53.4(+3%)
Cybersecurity ratingBMore
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Key People/Management at First Industrial Realty Trust

Peter E. Baccile

Peter E. Baccile

President and Chief Executive Officer, Director
Johannson Yap

Johannson Yap

Chief Investment Officer and Executive Vice President West Region
Matthew Dominski

Matthew Dominski

Chairman of the Board
Peter Schultz

Peter Schultz

Executive Vice President - East Region
H. Patrick Hackett

H. Patrick Hackett

Director
Teresa Bryce Bazemore

Teresa Bryce Bazemore

Director
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First Industrial Realty Trust Office Locations

First Industrial Realty Trust has offices in Chicago, Atlanta, Bingham Farms, Columbia and in 11 other locations
Chicago, IL, US (HQ)
101 N Upper Wacker Dr
Atlanta, GA, US
50 Glenlake Pkwy NE #510
Bingham Farms, MI, US
30300 Telegraph Rd #123
Columbia, MD, US
9700 Patuxent Woods Dr #103
Dallas, TX, US
5310 Harvest Hill Rd #270
Eden Prairie, MN, US
10140 W 76th St
Show all (16)

First Industrial Realty Trust Financials and Metrics

First Industrial Realty Trust Revenue

First Industrial Realty Trust's revenue was reported to be $448.03 m in FY, 2020
USD

Revenue (Q2, 2021)

117.4m

Gross profit (Q2, 2021)

85.7m

Gross profit margin (Q2, 2021), %

73%

Net income (Q2, 2021)

53.2m

Market capitalization (13-May-2022)

7.0b

Closing stock price (13-May-2022)

53.4

Cash (30-Jun-2021)

55.6m

EV

8.9b
First Industrial Realty Trust's current market capitalization is $7 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

317.8m327.3m328.2m344.6m365.8m378.0m396.4m404.0m426.0m448.0m

Revenue growth, %

5%6%3%

Cost of goods sold

105.1m107.4m114.5m114.6m112.3m113.5m116.9m116.6m119.2m

Gross profit

222.1m220.8m230.1m251.1m265.7m282.9m287.1m309.4m328.8m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q2, 2021

Revenue

73.3m76.8m83.1m83.8m81.0m83.3m84.7m83.4m86.2m86.3m87.1m89.9m90.5m92.2m93.5m93.0m93.6m97.4m97.6m99.3m99.8m98.8m100.3m104.5m104.1m106.6m110.3m109.2m116.2m117.4m

Cost of goods sold

27.9m27.8m26.8m31.3m27.8m27.6m29.8m27.8m28.0m28.4m26.9m27.5m28.5m26.9m28.5m29.4m28.6m28.5m30.2m27.4m28.4m29.1m28.1m30.4m31.7m

Gross profit

55.3m56.9m56.6m54.9m58.4m59.5m60.2m62.6m64.1m65.1m66.1m66.0m68.9m70.7m70.9m70.4m70.3m71.8m74.4m76.7m78.2m81.3m81.2m85.8m85.7m

Gross profit Margin, %

66%67%68%64%68%68%67%69%70%70%71%71%71%72%71%71%71%72%71%74%73%74%74%74%73%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

10.2m4.9m7.6m9.5m4.0m9.9m21.1m43.1m21.1m162.1m

Accounts Receivable

3.1m4.6m5.7m7.4m5.6m3.3m4.9m5.2m8.5m5.7m

Prepaid Expenses

123.4m102.9m114.2m64.7m72.2m83.1m101.2m182.8m135.0m

Inventories

Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q2, 2021

Cash

34.5m47.9m2.1m5.1m2.8m23.3m4.7m7.3m3.9m4.8m14.3m3.6m5.1m66.9m3.2m4.4m8.1m19.0m11.6m9.5m19.8m61.8m52.7m20.4m33.4m28.0m129.1m95.0m171.1m55.6m

Accounts Receivable

4.2m3.5m2.9m1.5m2.0m4.6m4.4m4.6m7.5m6.5m5.9m8.2m5.9m5.9m5.7m4.0m4.0m4.4m3.7m4.5m5.8m5.7m3.4m6.3m5.0m4.8m7.9m5.5m4.6m4.3m

Prepaid Expenses

114.8m114.8m117.0m111.9m106.2m106.1m102.0m103.4m97.3m86.6m70.0m63.0m63.9m71.1m77.2m72.6m76.9m84.0m85.0m91.3m96.4m94.5m106.2m106.9m106.3m165.6m176.9m166.9m121.0m147.9m

Total Assets

2.7b2.7b2.6b2.7b2.6b2.6b2.6b2.6b2.6b2.6b2.6b2.6b2.6b2.7b2.7b2.7b2.8b2.8b2.9b2.9b3.0b3.1b3.1b3.2b3.3b3.4b3.7b3.7b3.7b3.9b
show all
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(7.4m)(1.3m)41.4m51.0m76.7m125.7m208.3m167.3m243.9m200.2m

Depreciation and Amortization

121.6m120.9m124.9m123.7m121.3m123.9m123.3m121.6m127.1m137.8m

Cash From Operating Activities

87.5m136.4m125.8m137.2m162.1m173.3m191.1m210.5m245.5m240.4m

Purchases of PP&E

(220.2m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q2, 2021

Net Income

(3.5m)(7.5m)1.3m(8.3m)653.0k(903.0k)10.2m19.0m5.1m9.3m31.5m2.5m17.0m31.5m16.3m68.4m101.1m23.5m62.3m107.0m37.5m83.9m115.4m24.3m65.1m145.1m41.5m78.0m114.7m114.1m

Depreciation and Amortization

55.8m88.9m1.3m1.5m1.5m27.3m56.4m93.0m31.1m63.7m93.6m31.0m60.7m90.8m33.9m64.0m94.0m31.3m61.7m92.8m29.6m59.8m89.9m31.4m62.8m94.3m32.8m67.0m103.4m64.4m

Cash From Operating Activities

37.8m64.1m30.2m60.3m90.8m20.4m45.7m85.6m24.1m51.6m95.9m28.0m74.7m120.7m26.8m74.1m127.2m38.6m92.4m146.7m37.0m93.8m151.0m41.7m120.1m190.2m40.3m117.5m190.1m118.5m

Purchases of PP&E

(142.4m)(164.0m)(184.9m)(155.8m)
show all
USDQ2, 2011

Financial Leverage

2.5 x
Show all financial metrics

First Industrial Realty Trust Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

Learn more about our premium products
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First Industrial Realty Trust Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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First Industrial Realty Trust Online and Social Media Presence

First Industrial Realty Trust's Trends

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First Industrial Realty Trust News and Updates

March 04, 2022

First Industrial Realty Trust to Present at Citi's 2022 Global Property CEO Conference

CHICAGO, March 4, 2022 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that it will present at Citi's 2022 Global Property CEO Conference. The presentation is scheduled for...
January 22, 2021

First Industrial Realty Trust To Host Fourth Quarter And Full Year 2020 Results Conference Call On February 11th

CHICAGO, Jan. 22, 2021 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator, and developer of industrial real estate, will host its fourth quarter and full year 2020 results conference call on Thursday, February 11, 2021 at 10:00 a.m....
November 11, 2020

First Industrial Realty Trust To Host Virtual Investor Day Livestream On November 12th

CHICAGO, Nov. 11, 2020 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, will host its Virtual Investor Day on Thursday, November 12, 2020. The event will feature presentations from First...
September 01, 2020

First Industrial Realty Trust to Participate in Two September Investor Conferences; Provides Update on Rent Collections

CHICAGO, Sept. 1, 2020 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, announced that it will participate in two virtual investor conferences in September: the BMO 2020 Real Assets...
April 08, 2020

First Industrial Realty Trust To Host First Quarter 2020 Results Conference Call On April 23rd

CHICAGO, April 8, 2020 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator, and developer of industrial real estate, will host its first quarter 2020 results conference call on Thursday, April 23, 2020 at 10:00 a.m. CDT (11:00 a.m....
February 27, 2020

First Industrial Realty Trust Announces Annual Meeting of Stockholders and Record Date

CHICAGO, Feb. 27, 2020 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that the Company's Annual Meeting of Stockholders will be held on May 6, 2020 in Chicago, Illinois....
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First Industrial Realty Trust Blogs

April 20, 2022

First Industrial Realty Trust Reports First Quarter 2022 Results

First Industrial Realty Trust Reports First Quarter 2022 Results knielsen Wed, 04/20/2022 - 19:57
March 31, 2022

First Industrial Realty Trust to Host First Quarter 2022 Results Conference Call on April 21

First Industrial Realty Trust to Host First Quarter 2022 Results Conference Call on April 21 knielsen Thu, 03/31/2022 - 20:56
March 04, 2022

First Industrial Realty Trust to Present at Citi’s 2022 Global Property CEO Conference

First Industrial Realty Trust to Present at Citi’s 2022 Global Property CEO Conference knielsen Fri, 03/04/2022 - 15:58
February 09, 2022

First Industrial Realty Trust Reports Fourth Quarter and Full Year 2021 Results

First Industrial Realty Trust Reports Fourth Quarter and Full Year 2021 Results knielsen Wed, 02/09/2022 - 21:51
January 20, 2022

First Industrial Realty Trust to Host Fourth Quarter and Full Year 2021 Results Conference Call On February 10

First Industrial Realty Trust to Host Fourth Quarter and Full Year 2021 Results Conference Call On February 10 knielsen Thu, 01/20/2022 - 16:01
October 20, 2021

First Industrial Realty Trust Reports Third Quarter 2021 Results

First Industrial Realty Trust Reports Third Quarter 2021 Results knielsen Wed, 10/20/2021 - 20:21
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 First Industrial Realty Trust Frequently Asked Questions

  • When was First Industrial Realty Trust founded?

    First Industrial Realty Trust was founded in 1994.

  • Who are First Industrial Realty Trust key executives?

    First Industrial Realty Trust's key executives are Peter E. Baccile, Johannson Yap and Matthew Dominski.

  • How many employees does First Industrial Realty Trust have?

    First Industrial Realty Trust has 155 employees.

  • What is First Industrial Realty Trust revenue?

    Latest First Industrial Realty Trust annual revenue is $448 m.

  • What is First Industrial Realty Trust revenue per employee?

    Latest First Industrial Realty Trust revenue per employee is $2.9 m.

  • Who are First Industrial Realty Trust competitors?

    Competitors of First Industrial Realty Trust include Artemis Real Estate Partners, Seritage Growth Properties and Kilroy Realty.

  • Where is First Industrial Realty Trust headquarters?

    First Industrial Realty Trust headquarters is located at 101 N Upper Wacker Dr, Chicago.

  • Where are First Industrial Realty Trust offices?

    First Industrial Realty Trust has offices in Chicago, Atlanta, Bingham Farms, Columbia and in 11 other locations.

  • How many offices does First Industrial Realty Trust have?

    First Industrial Realty Trust has 16 offices.