First Industrial Realty Trust

Real Estate & Construction commercial real estate property finance

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.

Revenue(FY, 2017)

$396.4 M

Market capitalization(2018-09-20)

$4 B

Type	Public
HQ	Chicago, US
Founded	1994
Size (employees)	161 (est)
Website	firstindustrial.com

First Industrial Realty Trust was founded in 1994 and is headquartered in Chicago, US

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Key People/Management at First Industrial Realty Trust

Peter Baccile

President and CEO

Johannson Yap

Chief Investment Officer

David Harker

Executive Vice President - Central

Peter Schultz

Executive Vice President - East

Scott Musil

CFO

Christopher Schneider

SVP Operations and Chief Information Officer

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First Industrial Realty Trust Office Locations

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First Industrial Realty Trust has an office in Chicago

Chicago, US (HQ)

3900 311 S Wacker Dr

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First Industrial Realty Trust Financials and Metrics

First Industrial Realty Trust Revenue

First Industrial Realty Trust's revenue was reported to be $396.40 m in FY, 2017

Summary

USD
Revenue (Q2, 2018)	198.6 m
Net income (Q2, 2018)	83.9 m
Market capitalization (20-Sep-2018)	4 b
Closing stock price (20-Sep-2018)	31.9
Cash (30-Jun-2018)	61.8 m

First Industrial Realty Trust's current market capitalization is $4 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	328.2 m	344.6 m	365.8 m	378 m	396.4 m
Revenue growth, %		5%	6%	3%
General and administrative expense				26.7 m	28.1 m
Operating expense total				26.7 m	257.9 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Revenue	83.4 m	86.2 m	86.3 m	87.1 m	89.9 m	90.5 m	92.2 m	93.5 m	93 m	93.6 m	97.4 m	97.6 m	99.3 m	99.8 m	198.6 m
General and administrative expense	5.1 m	5.6 m	7.1 m	5.4 m	7 m	6.2 m	5.9 m	7.7 m	6.4 m	6 m	8 m	6.8 m	6.5 m	8.1 m	14.9 m
Operating expense total	61.6 m	65.6 m	63.5 m	61.1 m	65.1 m	62.4 m	63.2 m	67.2 m	62.2 m	62.5 m	65 m	62.7 m	64.6 m	68.6 m	132.6 m
Interest expense	18 m	19 m	18.9 m	17.3 m	16.6 m	16.4 m	16.7 m	16.3 m	14.6 m	14.4 m	14.4 m	14.9 m	14.4 m	12.8 m	25.4 m

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	7.6 m	9.5 m	4 m	9.9 m	21.1 m
Accounts Receivable				3.3 m
Inventories
Total Assets	2.6 b	2.6 b	2.7 b	2.8 b	2.9 b

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Cash	7.3 m	3.9 m	4.8 m	14.3 m	3.6 m	5.1 m	66.9 m	3.2 m	4.4 m	8.1 m	19 m	11.6 m	9.5 m	19.8 m	61.8 m
Total Assets	2.6 b	2.6 b	2.6 b	2.6 b	2.6 b	2.6 b	2.7 b	2.7 b	2.7 b	2.8 b	2.8 b	2.9 b	2.9 b	3 b	3.1 b
Total Liabilities	1.5 b	1.5 b	1.5 b	1.5 b	1.5 b	1.5 b	1.6 b	1.6 b	1.5 b	1.5 b	1.5 b	1.5 b	1.5 b	1.6 b	1.5 b
Common Stock	1.1 m	1.1 m	1.1 m	1.1 m	1.2 m	1.2 m	1.2 m	1.1 m	1.2 m	1.2 m	1.2 m	1.2 m	1.2 m	1.2 m	1.3 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	41.4 m	51 m	76.7 m	125.7 m	208.3 m
Depreciation and Amortization	94.3 m	93.5 m	93 m	95.5 m	94.1 m
Inventories
Accounts Payable

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Net Income	19 m	5.1 m	9.3 m	31.5 m	2.5 m	17 m	31.5 m	16.3 m	68.4 m	101.1 m	23.5 m	62.3 m	107 m	37.5 m	83.9 m
Depreciation and Amortization	70.4 m	23.1 m	46.7 m	70.1 m	23.3 m	46.3 m	69.6 m	25.8 m	49.1 m	72.3 m	23.2 m	46.8 m	70.7 m	23 m	46.2 m
Cash From Operating Activities	85.6 m	24.1 m	51.6 m	95.9 m	28 m	74.7 m	120.7 m	26.8 m	74.1 m	127.2 m	38.6 m	92.4 m	146.7 m	37 m	93.8 m
Cash From Investing Activities	(65.2 m)	(13.9 m)	(47.9 m)	(28.7 m)	2.1 m	(48.4 m)	(136.1 m)	(48.4 m)	(29.1 m)	(68.1 m)	(27.7 m)	(107 m)	(164.6 m)	(75.2 m)	(139.5 m)