First Industrial Realty Trust, Inc. filings document the regulatory record for an industrial REIT and its operating partnership, First Industrial, L.P. Disclosures include results of operations, NAREIT funds from operations, same-store net operating income, common stock and unit matters, unsecured term loan arrangements and other capital-structure information.
Proxy statements and 8-K reports cover board elections, annual meeting voting results, executive compensation, employee bonus plan metrics, director appointments and related governance procedures. The filings also record material agreements, Regulation FD disclosures and other events tied to the company's logistics property platform.
First Industrial Realty Trust (FR) reported third-quarter 2026 revenue of $197.115 million, versus $181.430 million a year earlier; net income available to common stockholders was $58.517 million versus $65.269 million, and earnings per share were $0.44 versus $0.49. For the nine months ended September 30, 2026, revenue was $586.882 million versus $538.667 million and common-stockholder net income was $278.613 million versus $168.486 million, including a $125.623 million real-estate sale gain compared with $17.503 million.
At September 30, 2026, the company owned 420 industrial properties totaling approximately 72.0 million square feet, with 94.1% in-service occupancy. New and renewal commenced leases had a 40.5% average increase in cash rental rates, and same-store cash net operating income grew 7.0%. Nine-month activity included industrial-property acquisitions for $145.5 million and 90 acres of land for $51.9 million, plus sales generating $160.5 million in gross proceeds. The company declared quarterly dividends of $0.50 per share, 12.4% above the 2025 rate, and authorized repurchases of up to $250 million; it made no repurchases during the period.
First Industrial Realty Trust, Inc. reported third-quarter revenue of $197.1 million, versus $181.4 million a year earlier. Diluted EPS was $0.44, down from $0.49, while diluted FFO was $0.81 per share/unit, up from $0.76. Cash same-store NOI grew 5.6%; cash rental rates on commenced new and renewal leases rose 52%. Quarter-end in-service occupancy was 94.1%, compared with 94.9% in the second quarter and 94.0% a year earlier.
The company acquired a fully leased 764,000-square-foot building in Central Pennsylvania for $120 million and a 32-acre Dallas site for $13 million, where a two-building project is developable to 390,000 square feet. It also leased the remaining 32,000 square feet at First Park Miami Building 12.
For 2026, First Industrial raised the midpoint of NAREIT FFO guidance by $0.01 and increased midpoint cash same-store NOI growth guidance by 75 basis points to 6.5%. NAREIT FFO guidance is $3.11–$3.15 per share/unit; FFO before advisory costs related to a contested proxy campaign is $3.15–$3.19. Guidance assumes year-end occupancy of 94.5%–96.5% and 650,000 square feet of additional development leasing in December.
First Industrial Realty Trust, Inc. and its operating partnership filed an amendment to a prior report to update board committee assignments. The board had previously expanded from six to seven members and elected Frank E. Schmitz as a new director effective June 1, 2026.
On August 13, 2026, acting on the Nominating/Corporate Governance Committee’s recommendation, the board appointed Mr. Schmitz to the Nominating/Corporate Governance Committee and the Compensation Committee. No other disclosures from the earlier report were changed.
MUSIL SCOTT A reported disposition transactions in this Form 4 filing.
Scott A. Musil, Chief Financial Officer of First Industrial Realty Trust, reported two non-market restructuring transactions. He transferred 2,603 LP Units in First Industrial L.P. to a spouse/former spouse as part of a marital dissolution settlement, and those securities are no longer beneficially owned by him; he directly holds 89,995 LP Units afterward. Separately, 2,175 shares of Common Stock previously reported as indirectly owned as UTMA custodian for his child are no longer reported after the child reached the age of majority, and he disclaims beneficial ownership and any pecuniary interest in those shares.
First Industrial Realty Trust, Inc. reported strong results for the quarter ended June 30, 2026. Diluted net income available to common stockholders per share was $0.58, up from $0.42 a year earlier. Diluted funds from operations (FFO) were $0.82 per share/unit versus $0.76, on total revenues of $194,940 thousand compared with $180,163 thousand. Net income available to common stockholders and participating securities rose to $77,096 thousand from $55,185 thousand.
In‑service occupancy was 94.9% at June 30, 2026. Cash rental rates on commenced new and renewal leases increased 39% in the quarter, and cash basis same store NOI grew 6.7%. Leases signed to date that commence in 2026 show a 39% cash rental rate increase and cover 80% of 2026 expirations by square footage.
The company commenced development of a 613,000 square‑foot Philadelphia facility with an estimated investment of $77 million, acquired a 161,000 square‑foot Dallas building for $26 million, purchased a 58‑acre Baltimore land site for $39 million, sold a 100‑acre Phoenix land parcel for $131 million, and sold four Detroit buildings for $29 million. For 2026, NAREIT FFO guidance is $3.08–$3.16 per share/unit, and FFO before advisory costs related to a contested proxy campaign is $3.12–$3.20, reflecting a $0.02 increase at the midpoint.
First Industrial Realty Trust Inc. director Frank E. Schmitz reported a compensation grant of 2,293 LP Units in First Industrial L.P. under the company’s 2024 Stock Incentive Plan. These LP Units vest at the next annual stockholder meeting where directors are elected.
Once vested and after receiving certain allocations, each LP Unit can automatically convert into a common unit of limited partnership interest in First Industrial L.P., which in turn may be converted on a one-for-one basis into shares of the company’s Common Stock. Following this grant, Schmitz holds 2,293 LP Units directly.
FIRST INDUSTRIAL REALTY TRUST INC filed an initial ownership report (Form 3) for director Frank E. Schmitz. The filing does not list any common stock or derivative holdings and shows no reported purchases, sales, option exercises, or other insider transactions at this time.
FIRST INDUSTRIAL REALTY TRUST INC director Teresa Bryce Bazemore received a grant of 2,419 LP Units in First Industrial L.P. as a compensation award under the company’s 2024 Stock Incentive Plan. These LP Units carry a zero dollar exercise price.
Once vested and after receiving certain allocations, each LP Unit will automatically convert into one common unit of limited partnership interest in First Industrial L.P., which in turn may be converted into one share of the company’s Common Stock. The LP Units vest on the earlier of the first anniversary of the grant or the company’s next annual stockholder meeting at which directors are elected. Following this grant, Bazemore directly holds 14,526 LP Units.
FIRST INDUSTRIAL REALTY TRUST INC director H. Patrick Hackett Jr. received a grant of 2,419 LP Units in First Industrial L.P. at a price of $0.00 per unit as equity compensation. Following this award, he holds 16,572 LP Units directly.
The LP Units were granted under the company’s 2024 Stock Incentive Plan. Once vested and after receiving certain allocations, each LP Unit automatically converts into one common unit of limited partnership interest in First Industrial L.P., which in turn may be converted into one share of the company’s Common Stock.
The LP Units vest upon the earlier of the first anniversary of the grant date or the company’s next annual stockholder meeting at which directors are elected, aligning the director’s compensation with long-term shareholder interests.
DOMINSKI MATTHEW reported acquisition or exercise transactions in this Form 4 filing.
FIRST INDUSTRIAL REALTY TRUST INC director Matthew Dominski received an equity grant of 2,419 restricted stock units of common stock. The RSUs were awarded at no cash cost under the company’s 2024 Stock Incentive Plan and increase his direct holdings to 39,387 shares.
Each RSU represents one future share of common stock plus accrued dividends between grant and vesting. The RSUs vest on the earlier of the first anniversary of the grant date or the company’s next annual stockholder meeting at which directors are elected, tying director compensation to shareholder outcomes over this period.