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, Inc. is asking stockholders to vote at its virtual 2026 annual meeting on April 30, 2026 on three items: electing six directors, approving executive pay on an advisory basis, and ratifying PricewaterhouseCoopers LLP as auditor for 2026.
The company highlights strong 2025 performance, including higher rents, cash same store NOI growth and dividend increases, and emphasizes its board’s skills, independence and ESG practices. It also describes an activist campaign by Land & Buildings that was withdrawn before the meeting, while urging support for all director nominees.
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 filing: The Vanguard Group amends its Schedule 13G to report 0 shares of Common Stock, representing 0% ownership following an internal realignment.
The amendment explains that certain Vanguard subsidiaries now report beneficial ownership separately in reliance on SEC Release No. 34-39538, and that The Vanguard Group no longer is deemed to beneficially own securities held by those subsidiaries.
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.
Land & Buildings intends to solicit proxy votes to elect its nominee to the First Industrial Realty Trust board at the 2026 annual meeting and has publicly criticized the company's governance. The letter argues a $15 per share governance discount (about $2 billion of market cap) and says Land & Buildings will vote against directors Dominski and Hackett and for nominee Jonathan Litt. The filing states Land & Buildings and affiliated vehicles beneficially own 864,002 shares (including a Managed Account holding 696,829 shares), and that a preliminary proxy statement and universal proxy card will be filed with the SEC.
First Industrial Realty Trust, Inc. filed a preliminary proxy statement for its 2026 Annual Meeting, which is the subject of a contested director election: activist Land & Buildings has nominated Jonathan Litt in opposition to the Company’s six board nominees.
The Board unanimously recommends using the WHITE proxy card to vote “FOR” the Company’s six nominees (Peter E. Baccile, Teresa Bryce Bazemore, Matthew S. Dominski, H. Patrick Hackett, Jr., Denise A. Olsen and Marcus L. Smith), urges stockholders to disregard Land & Buildings’ materials, and explains voting, revocation and quorum procedures for the virtual meeting. The filing notes Land & Buildings reported beneficial ownership of 771,061 shares in its nomination notice and discloses a 12.4% increase in the quarterly dividend to $0.50 per share/unit in first quarter 2026.
Land & Buildings intends to file a preliminary proxy statement and universal proxy card to nominate its founder and CIO, Jonathan Litt, for election to the First Industrial Realty Trust board at the 2026 annual meeting. The filing accuses the board of an insular culture and discloses beneficial ownership figures, including 901,875 shares beneficially owned through affiliated vehicles and accounts and direct holdings of 121,543, 42,501, and 3,202 shares by named participants. The campaign materials state an estimated NAV of $73 per share and an asserted valuation gap versus peers, citing a mid-6% implied cap rate for First Industrial versus low-5% for peers. The solicitation materials and universal proxy card will be made available on the SEC website.
FIRST INDUSTRIAL REALTY TRUST INC executive Peter Schultz, EVP - East Region, reported two Form 4 transactions involving bona fide gifts of common stock on 2026-02-19. He disposed of a total of 200 shares at $0.0000 per share as gifts to his adult children, and after these transfers he directly owned 95,274 common shares.
First Industrial Realty Trust, Inc. and its operating partnership file a combined annual report describing a large U.S. industrial REIT platform. As of December 31, 2025, the in-service portfolio comprised 414 industrial properties totaling about 69.9 million square feet across 19 states, focused on 15 key logistics markets.
The Company is a REIT that holds an approximate 97.0% general partnership interest in First Industrial, L.P., with the remaining 3.0% held by limited partners. Strategy centers on internal rent growth, development and acquisition in supply‑constrained markets, selective dispositions, and use of an $850.0 million unsecured credit facility, with about $726.9 million available on February 11, 2026. As of that date, 132,524,261 common shares were outstanding, and the aggregate market value of non‑affiliate stock was about $6,345.6 million. The filing also details extensive risk factors, including economic cycles, interest rates, concentrated markets such as California and Pennsylvania, climate and natural disasters, cybersecurity, pandemics, leverage, and maintaining REIT status.