Inferra AI / Company / FR
First Industrial Realty Trust Inc.
FR · Real Estate
Last earnings Oct 21, 2026
Key results
EPSquarter
$0.49
First Industrial's diluted net income available to common stockholders per share (EPS) was $0.49 in the third quarter, compared to $0.75 a year ago and third quarter funds from operations (FFO) was $0.76 per share unit on a diluted basis, compared to $0.68 per share unit a year ago.
SEC original ↗First Industrial Realty Trust Inc. — Earnings release (8-K exhibit)EX-99Oct 15, 2025
Operating incomequarter
6.1%
In the third quarter, cash basis same store net operating income before termination fees ( SS NOI ) increased 6.1% primarily reflecting increases in rental rates on new and renewal leasing, contractual rent escalations and the aforementioned insurance claim recovery, partially offset by more lower average occupancy and higher free rent.
SEC original ↗First Industrial Realty Trust Inc. — Earnings release (8-K exhibit)EX-99Oct 15, 2025
AI analysis
Q3 2025 · reported Oct 15, 2025
Based on: Earnings release + parent 8-K — transcript not held
The quarter in charts
Diluted EPS — GAAP
Per diluted share, as stated
EX-99 · Oct 15, 2025 EPS values as stated in the release.
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| EPS | $0.49 | — | $0.75 |
| Operating income | 6.1% | — | — |
Guidance · company-stated
Direction: raised
No guidance located in the held release
“6% in 3Q26 Acquired 100% Leased 764,000 SF Building in Central Pennsylvania for $120 Million in 3Q26 Signed Remaining 32,000 SF at First Park Miami Building 12 in South Florida in 3Q26 2026 FFO Guidance Increased $0.”
Capital allocation
Capital Markets Highlights In the third quarter, the Company Entered into forward-starting interest rate swaps to effectively fix the all-in interest rate on $150 million of its $300 million unsecured term loan at 4.13% assuming our current credit spread level.
Entered into forward-starting interest rate swaps to effectively fix the all-in interest rate on its $200 million unsecured term loan at 4.10% assuming our current credit spread level.
Event summary
FIRST INDUSTRIAL REALTY TRUST REPORTS THIRD QUARTER 2025 RESULTS
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Capital Markets Highlights In the third quarter, the Company Entered into forward-starting interest rate swaps to effectively fix the all-in interest rate on $150 million of its $300 million unsecured term loan at 4.13% assuming our current credit spread level.
SEC original ↗First Industrial Realty Trust Inc. — Earnings release (8-K exhibit)EX-99Oct 15, 2025
Entered into forward-starting interest rate swaps to effectively fix the all-in interest rate on its $200 million unsecured term loan at 4.10% assuming our current credit spread level.
SEC original ↗First Industrial Realty Trust Inc. — Earnings release (8-K exhibit)EX-99Oct 15, 2025
Guidance does not include the impact of any future investments, property sales, debt repurchases prior to maturity, debt issuances, or equity issuances post the date of this press release.
SEC original ↗First Industrial Realty Trust Inc. — Earnings release (8-K exhibit)EX-99Oct 15, 2025
Adjusted EBITDA further evaluates the ability to incur and service debt, fund dividends and meet other cash obligations.
SEC original ↗First Industrial Realty Trust Inc. — Earnings release (8-K exhibit)EX-99Oct 15, 2025
AFFO provides a tool to further evaluate the ability to fund dividends, adjusting for additional factors such as straight-line rent and certain capital expenditures.
SEC original ↗First Industrial Realty Trust Inc. — Earnings release (8-K exhibit)EX-99Oct 15, 2025
more AFFO is calculated as adjusted EBITDA minus interest expense, capitalized interest and overhead, plus amortization of debt discounts and hedge costs, minus straight-line rent, amortization of above (below) market leases, lease inducements and provision for income taxes allocable to FFO or plus income tax benefit allocable to FFO, plus amortization of equity based compensation and minus non-incremental capital expenditures.
SEC original ↗First Industrial Realty Trust Inc. — Earnings release (8-K exhibit)EX-99Oct 15, 2025
Strategy & priorities
Our team is focused on capturing the potential growth within our development and portfolio opportunities, including rent growth on future lease signings.
SEC original ↗First Industrial Realty Trust Inc. — Earnings release (8-K exhibit)EX-99Oct 15, 2025
Forward-looking statements are based on certain assumptions and describe our future plans, more strategies and expectations, and are generally identifiable by use of the words believe, expect, plan, intend, anticipate, estimate, project, seek, target, potential, focus, may, will, should or similar words.
SEC original ↗First Industrial Realty Trust Inc. — Earnings release (8-K exhibit)EX-99Oct 15, 2025
Risks & headwinds
We have seen increased tenant traffic at our key leasing opportunities, as prospective tenants evaluate their long-term space needs for growth and await additional clarity on tariffs and underlying consumer demand.
SEC original ↗First Industrial Realty Trust Inc. — Earnings release (8-K exhibit)EX-99Oct 15, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documentsEarnings releases
9 documentsPresentations
0 documentsNo presentations for First Industrial Realty Trust Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for First Industrial Realty Trust Inc. are held in this edition of the library.
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