First Industrial Realty Trust, Inc. (FR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 194.83M | 188.41M | 181.43M | 179.82M | 177.25M | 175.31M | 168.16M | 165.17M | 163.54M | 158.66M | 156.49M | 153.63M | 149.43M | 144.59M | 139.75M | 130.02M | 125.49M | 121.54M | 121.07M | 117.33M |
| Revenue Growth % | 9.92% | 7.47% | 7.89% | 8.87% | 8.38% | 10.5% | 7.45% | 7.52% | 9.45% | 9.72% | 11.98% | 18.16% | 19.07% | 18.96% | 15.43% | 10.81% | 8.01% | 8.25% | 4.34% | 7.49% |
| Property Operating Expenses | 153.75M | 148.85M | 46.19M | 45.57M | 48.53M | 48.4M | 45.09M | 43.42M | 47.44M | 42.13M | 43.12M | 41.1M | 42.97M | 38.2M | 36.09M | 34.86M | 35.41M | 32.91M | 33.4M | 31.75M |
| Net Operating Income (NOI) | 41.08M | 39.56M | 135.25M | 134.25M | 128.72M | 126.91M | 123.06M | 121.75M | 116.1M | 116.52M | 113.38M | 112.52M | 106.46M | 106.39M | 103.65M | 95.16M | 90.08M | 88.63M | 87.67M | 85.58M |
| NOI Margin % | 21.08% | 21% | 74.54% | 74.66% | 72.62% | 72.39% | 73.18% | 73.71% | 70.99% | 73.44% | 72.45% | 73.24% | 71.25% | 73.58% | 74.17% | 73.19% | 71.78% | 72.92% | 72.42% | 72.94% |
| Operating Expenses | -27.06M | -39.44M | 54.49M | 77.23M | 73.41M | 56.44M | 18.19M | 69.61M | 45.83M | 25.71M | 37.43M | 57.26M | 66.15M | 20.19M | -23.46M | 55.49M | 53.02M | -31.09M | 43.48M | 30.78M |
| G&A Expenses | 22.97M | 9.06M | 8.55M | 8.43M | 15.9M | 10.3M | 9.23M | 9.62M | 11.78M | 9.79M | 8.46M | 9.52M | 9.35M | 8.76M | 8.23M | 8.25M | 8.74M | 8.98M | 8.6M | 8.47M |
| EBITDA | 118.21M | 127.71M | 126.5M | 104.29M | 109.2M | 115.29M | 145.22M | 96.44M | 117.11M | 133.38M | 117.44M | 96.55M | 79.46M | 125.46M | 166.16M | 77.19M | 73.54M | 154.6M | 79.38M | 89.55M |
| EBITDA Margin % | 60.67% | 67.78% | 69.73% | 58% | 61.61% | 65.76% | 86.36% | 58.39% | 71.61% | 84.07% | 75.05% | 62.85% | 53.18% | 86.77% | 118.9% | 59.37% | 58.6% | 127.2% | 65.56% | 76.32% |
| Depreciation & Amortization | 50.07M | 48.61M | 45.75M | 47.27M | 53.89M | 44.81M | 40.35M | 44.3M | 46.83M | 42.57M | 41.5M | 41.29M | 39.15M | 39.26M | 39.04M | 37.53M | 36.49M | 34.89M | 35.18M | 34.75M |
| D&A / Revenue % | 25.7% | 25.8% | 25.22% | 26.29% | 30.41% | 25.56% | 23.99% | 26.82% | 28.64% | 26.83% | 26.52% | 26.88% | 26.2% | 27.15% | 27.94% | 28.87% | 29.08% | 28.7% | 29.06% | 29.62% |
| Operating Income | 68.14M | 79.11M | 80.75M | 57.02M | 55.31M | 70.48M | 104.88M | 52.14M | 70.28M | 90.81M | 75.94M | 55.26M | 40.31M | 86.2M | 127.11M | 39.66M | 37.05M | 119.72M | 44.19M | 54.8M |
| Operating Margin % | 34.98% | 41.99% | 44.51% | 31.71% | 31.2% | 40.2% | 62.37% | 31.57% | 42.97% | 57.24% | 48.53% | 35.97% | 26.98% | 59.62% | 90.96% | 30.51% | 29.53% | 98.5% | 36.5% | 46.71% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 6.99x | 5.12x | 4.11x | 3.41x | 3.38x | 3.63x | 3.37x | 3.13x | 2.87x | 3.06x | 3.06x | 3.32x | 3.37x | 3.51x | 4.11x | 4.54x | 4.56x | 4.41x | 4.32x | 3.49x |
| Non-Operating Income | -109.14M | -40.27M | -8.53M | -21.59M | -13.76M | -2.58M | 34.56M | -16.94M | 7.77M | 25.53M | 12.17M | -7.15M | -17.02M | 27.27M | 70.02M | -10.77M | -10.37M | 73.45M | -1.74M | 10.13M |
| Pretax Income | 151.82M | 96.06M | 67.56M | 56.96M | 58.78M | 71.61M | 105.47M | 53.3M | 71.68M | 92.42M | 77.47M | 56.69M | 67.94M | 82.96M | 127.11M | 157.87M | 37.03M | 119.71M | 44.18M | 54.74M |
| Pretax Margin % | 77.93% | 50.99% | 37.24% | 31.67% | 33.17% | 40.85% | 62.72% | 32.27% | 43.83% | 58.25% | 49.51% | 36.9% | 45.47% | 57.38% | 90.96% | 121.43% | 29.51% | 98.49% | 36.49% | 46.65% |
| Income Tax | 4.01M | 9.11M | 192K | 79K | 5.9M | 1.17M | 3.3M | 426K | 1.18M | 733K | 333K | 459K | 7.17M | -976K | 231K | 24.2M | -90K | 2.7M | 759K | 1.57M |
| Effective Tax Rate % | 2.64% | 9.48% | 0.28% | 0.14% | 10.04% | 1.63% | 3.13% | 0.8% | 1.64% | 0.79% | 0.43% | 0.81% | 10.55% | -1.18% | 0.18% | 15.33% | -0.24% | 2.26% | 1.72% | 2.88% |
| Net Income | 143.1M | 78.85M | 65.27M | 55.15M | 48.07M | 68.42M | 99.36M | 51.32M | 68.45M | 89.2M | 75.01M | 54.64M | 55.97M | 82M | 123.76M | 116.99M | 36.23M | 114.29M | 42.4M | 51.88M |
| Net Margin % | 73.45% | 41.85% | 35.97% | 30.67% | 27.12% | 39.03% | 59.09% | 31.07% | 41.86% | 56.22% | 47.93% | 35.56% | 37.45% | 56.71% | 88.56% | 89.98% | 28.87% | 94.03% | 35.02% | 44.21% |
| Net Income Growth % | 197.71% | 15.24% | -34.31% | 7.46% | -29.78% | -23.3% | 32.46% | -6.07% | 22.31% | 8.79% | -39.39% | -53.3% | 54.49% | -28.25% | 191.91% | 125.52% | -41.7% | 36.72% | 18.1% | 45.68% |
| Funds From Operations (FFO) | 193.17M | 127.46M | 111.02M | 102.42M | 101.96M | 113.23M | 139.71M | 95.62M | 115.28M | 131.77M | 116.51M | 95.93M | 95.12M | 121.25M | 162.81M | 154.52M | 72.72M | 149.18M | 77.58M | 86.62M |
| FFO Margin % | 99.15% | 67.65% | 61.19% | 56.95% | 57.52% | 64.59% | 83.08% | 57.89% | 70.49% | 83.06% | 74.45% | 62.44% | 63.66% | 83.86% | 116.5% | 118.85% | 57.95% | 122.73% | 64.08% | 73.83% |
| FFO Growth % | 89.46% | 12.56% | -20.54% | 7.11% | -11.56% | -14.07% | 19.91% | -0.32% | 21.2% | 8.67% | -28.43% | -37.92% | 30.81% | -18.72% | 109.86% | 78.39% | -24.55% | 26.42% | 7.41% | 24.08% |
| FFO per Share | 1.46 | 0.96 | 0.84 | 0.77 | 0.77 | 0.86 | 1.06 | 0.72 | 0.87 | 1.00 | 0.88 | 0.72 | 0.72 | 0.92 | 1.23 | 1.17 | 0.55 | 1.14 | 0.60 | 0.67 |
| FFO Payout Ratio % | 0% | 47.37% | 99.5% | 58.95% | 49.12% | 44.23% | 35.85% | 52.38% | 37.49% | 32.8% | 37.09% | 45.05% | 41.75% | 32.75% | 24.39% | 25.7% | 49.79% | 24.01% | 45.79% | 41.01% |
| EPS (Diluted) | 1.08 | 0.59 | 0.49 | 0.42 | 0.36 | 0.52 | 0.75 | 0.39 | 0.52 | 0.67 | 0.57 | 0.41 | 0.42 | 0.62 | 0.94 | 0.88 | 0.27 | 0.87 | 0.33 | 0.40 |
| EPS Growth % | 200% | 13.46% | -34.67% | 7.69% | -30.77% | -22.39% | 31.58% | -4.88% | 23.81% | 8.06% | -39.36% | -53.41% | 55.56% | -28.74% | 184.85% | 120% | -43.75% | 33.85% | 17.86% | 42.86% |
| EPS (Basic) | 1.08 | 0.60 | 0.49 | 0.42 | 0.36 | 0.52 | 0.75 | 0.39 | 0.52 | 0.67 | 0.57 | 0.41 | 0.42 | 0.62 | 0.94 | 0.89 | 0.27 | 0.87 | 0.33 | 0.40 |
| Diluted Shares Outstanding | 132.5M | 132.5M | 132.5M | 132.48M | 132.49M | 132.42M | 132.42M | 132.4M | 132.41M | 132.36M | 132.34M | 132.34M | 132.3M | 132.24M | 132.18M | 132.11M | 131.88M | 131M | 129.72M | 129.19M |