First Industrial Realty Financial Statements
NYSE: FRReal EstateREIT - IndustrialUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
First Industrial Realty revenue and earnings
In fiscal 2025, First Industrial Realty generated $727.1 million in revenue, up 8.6% from fiscal 2024, its 13th consecutive year of revenue growth. Net income was $247.4 million (-13.9% year over year), for a net margin of 34.0% versus a median of 44.8% in the prior 5 years. Diluted earnings per share came in at $1.87, down from $2.17.
Over the last 5 fiscal years, FR's revenue has grown at a 10.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
First Industrial Realty income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 727.08M | 669.64M | 614.03M | 539.93M | 476.29M | 448.03M | 425.98M | 403.95M | 396.40M | 378.02M |
| Revenue growth (YoY) | +8.58% | +9.06% | +13.72% | +13.36% | +6.31% | +5.17% | +5.45% | +1.91% | +4.86% | +34.44% |
| Operating Expenses | — | — | — | — | — | — | 266.38M | 263.82M | 257.94M | 256.80M |
| Interest Expense | — | — | — | — | — | — | 50.27M | 50.77M | 57.20M | 59.43M |
| Other Income (Expense) | -63.01M | 25.35M | 17.69M | 76.07M | 102.78M | 32.03M | 71.45M | 27.38M | 71.03M | 5.55M |
| Pretax Income | 244.69M | 297.77M | 262.32M | 290.03M | 282.21M | 198.38M | 231.05M | 167.52M | 209.49M | 126.77M |
| Income Tax | 15.28M | 6.08M | 8.69M | 23.36M | 4.88M | 2.41M | 3.41M | -92.00K | 1.19M | 1.09M |
| Net Income | 247.44M | 287.55M | 274.82M | 359.13M | 271.00M | 195.99M | 238.78M | 163.24M | 201.46M | 121.23M |
| Net Income growth (YoY) | -13.95% | +4.64% | -23.48% | +32.52% | +38.27% | -17.92% | +46.27% | -18.97% | +66.17% | +64.27% |
| EPS (Basic) | 1.87 | 2.17 | 2.08 | 2.72 | 2.09 | 1.53 | 1.89 | 1.31 | 1.70 | 1.05 |
| EPS (Diluted) | 1.87 | 2.17 | 2.07 | 2.72 | 2.09 | 1.53 | 1.88 | 1.31 | 1.69 | 1.05 |
| Shares Outstanding (Basic) | 132.45M | 132.37M | 132.26M | 132.02M | 129.69M | 127.71M | 126.39M | 123.80M | 118.27M | 115.03M |
| Shares Outstanding (Diluted) | 132.51M | 132.42M | 132.34M | 132.10M | 129.78M | 127.90M | 126.69M | 124.19M | 118.79M | 115.37M |
| Net Margin | 34.03% | 42.94% | 44.76% | 66.52% | 56.90% | 43.74% | 56.05% | 40.41% | 50.82% | 32.07% |
This table shows 10 annual periods of First Industrial Realty's income statement, from FY 2025 back to FY 2016, across 12 line items including revenue, operating expenses, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow FR's reporting calendar. What is a income statement?