Every 8-K that First Industrial Realty Trust, Inc. (FR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FR filings page.
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.
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. reported results of its 2026 Annual Meeting, where shareholders re-elected all incumbent directors with each receiving support from more than 93% of voted shares. Investors also approved executive compensation on an advisory basis and ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for 2026, with each proposal garnering more than 95% support.
Frank E. Schmitz will join the Board as an independent director on June 1, 2026, bringing the Board to seven members, six of whom are independent. The company describes itself as a U.S.-only logistics real estate owner, operator and developer with approximately 71.6 million square feet across 15 target metropolitan areas as of March 31, 2026.
First Industrial Realty Trust reported strong first quarter 2026 results driven by rental growth and a major land sale. Diluted EPS rose to $1.08 from $0.36 a year earlier, largely reflecting a $109.0 million gain on sale of real estate. NAREIT FFO was stable at $0.68 per diluted share/unit, or $0.72 excluding $0.04 per share of proxy-related advisory costs.
Cash same store NOI grew 8.7%, while cash rental rates on new and renewal leases increased 32% in the quarter. The company achieved about a 41% cash rental rate increase on 2026 leases signed to date, covering 61% of 2026 expirations by square footage. It also renewed a 556,000 square-foot Inland Empire lease and signed 383,000 square feet of new development leases in the first and second quarters to date.
The board raised the quarterly dividend to $0.50 per share, a 12.4% increase. Management issued 2026 guidance for net income of $2.32–$2.42 per share and NAREIT FFO of $3.05–$3.15 per share/unit, or $3.09–$3.19 excluding proxy advisory costs, assuming 94.0%–95.0% average in-service occupancy and 5.0%–6.0% cash same store NOI growth.
First Industrial Realty Trust, Inc. approved the structure for its 2026 Employee Bonus Plan, which will fund incentive awards for eligible employees, including the chief executive officer and senior executives. Bonuses will depend on three categories: NAREIT funds from operations (FFO) per share, same store net operating income (SS NOI) growth, and discretionary objectives set by the chief executive officer.
The Compensation Committee set weightings of 55% for FFO per share, 30% for SS NOI growth, and 15% for discretionary objectives. Each category can fund from 0% to 125% of its bonus opportunity based on performance levels, with the overall plan payout capped at 115%. If performance falls between levels, payouts are determined by linear interpolation, and the Committee may adjust metrics for non-recurring or extraordinary items.
First Industrial Realty Trust, Inc. approved a new stock repurchase program authorizing the company to buy back up to $250 million of its common stock. Repurchases may occur in the open market or through privately negotiated transactions at the company’s discretion, with no set expiration date and in accordance with Rule 10b-18.
The board also increased its size from six to seven members and elected Frank E. Schmitz as a director, effective June 1, 2026, to serve until the 2027 annual meeting. Schmitz brings decades of global real estate and capital markets experience. The company additionally plans a series of market tours for investors and analysts during 2026.
First Industrial Realty Trust reported solid 2025 operating performance with mixed earnings trends. Fourth quarter diluted EPS was $0.59, up from $0.52 a year earlier, while full year 2025 EPS declined to $1.87 from $2.17 in 2024. By contrast, diluted NAREIT FFO rose to $0.77 per share/unit in the quarter, from $0.71, and to $2.96 for 2025 versus $2.65 in 2024, an 11.7% increase. Cash rental rates on 2025 leases rose 32% (37% excluding a large fixed-rate renewal), and cash same store NOI grew 7.1% for the year. Occupancy ended 2025 at 94.4%. The board raised the quarterly dividend to $0.50 per share for March 31, 2026, a 12.4% increase. For 2026, the company initiated NAREIT FFO guidance of $3.09 to $3.19 per share/unit, about 6% growth at the midpoint, assuming 94.0%–95.0% average in-service occupancy and 5.0%–6.0% cash same store NOI growth.
First Industrial Realty Trust, Inc. and its operating partnership refinanced key unsecured term loans. On January 22, 2026, they entered into a Second Amended and Restated Unsecured Term Loan Agreement with Wells Fargo for a $425.0 million unsecured term loan, which now matures on January 22, 2030, with a one-year extension option and the ability to request up to $150.0 million in incremental loans. They also entered into an Amended and Restated Unsecured Term Loan Agreement with U.S. Bank for a $375.0 million unsecured term loan, maturing January 22, 2029, with two one-year extension options and the ability to request up to $100.0 million in incremental loans.
Both facilities are interest-only until maturity, with variable rates based on base rate or secured overnight financing rate plus a margin tied to credit ratings and leverage. Based on the Operating Partnership’s current investment grade ratings, the applicable margin on SOFR-based borrowings is 0.85% and 0.00% on base-rate borrowings. The company fully guarantees both agreements and intends to use the proceeds primarily to refinance existing term loans and for general business purposes. They also entered into a related amendment to a March 2025 term loan to remove a 0.10% per annum addition to certain SOFR-based interest rates.
First Industrial Realty Trust (FR) furnished an 8-K announcing financial results for the fiscal quarter ended September 30, 2025. The company attached a press release as Exhibit 99.1 and plans an investor conference and webcast on October 16, 2025 at 11:00 a.m. eastern time to discuss the quarter and related information.
The information under Item 2.02, including Exhibit 99.1, is furnished and not deemed filed under the Exchange Act, nor incorporated by reference under the Securities Act unless specifically referenced.
First Industrial Realty Trust announced an equity offering program to sell up to $800,000,000 or 16,000,000 shares of its common stock through "at-the-market" distributions and related transactions. The company may sell shares from time to time, has no obligation to sell any shares, and intends to use net proceeds for general corporate purposes including property acquisition, development and debt repayment or repurchase. Agents will act under distribution agreements and may receive commissions up to 2.0% of sales price. Certain agreements permit forward sale structures that can be physically settled, cash settled or net share settled; the company may also sell shares to agents as principal under separate terms. A prospectus supplement and an existing shelf registration support issuance of the shares.