FR is the ticker symbol for FIRST INDUSTRIAL REALTY TRUST INC, a publicly traded Real Estate sector company listed on NYSE. 13F Pro tracks FR with AI-powered analysis, a 32-signal quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is FR a good stock to buy?

FR is tracked on 13F Pro with SEC EDGAR data, but is not currently included in our 32-signal AI quality ranking. The full company profile with financials and AI insights is at https://13fpro.ai/company/FR.

Where does 13F Pro source FR data?

All FIRST INDUSTRIAL REALTY TRUST INC fundamentals and ownership data come directly from SEC EDGAR. FIRST INDUSTRIAL REALTY TRUST INC files with the SEC under CIK 921825. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

FIRST INDUSTRIAL REALTY TRUST INC(FR)— Stock Profile, AI Score & Financials

Real Estate · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated 2026-06-30.

FIRST INDUSTRIAL REALTY TRUST INC (FR) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro tracks FR using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q2 2026), FIRST INDUSTRIAL REALTY TRUST INC reports quarterly revenue of $194.9M, net income of $77.1M, an operating margin of 40.2%. Top institutional holders of FR by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. FR trades on the NYSE exchange and files with the SEC under CIK 921825. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FIRST INDUSTRIAL REALTY TRUST INC directly from SEC EDGAR.

AI Rank

#26

Revenue

$194.9M

Net Income

$77.1M

Operating Margin

40.2%

FR key financials by period

FIRST INDUSTRIAL REALTY TRUST INC reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Operating margin
FY 2025	10-K	$727.1M	$247.4M	33.7%
FY 2024	10-K	$669.6M	$287.6M	44.5%
FY 2023	10-K	$614.0M	$274.8M	42.7%
FY 2022	10-K	$539.9M	$359.1M	53.7%
FY 2021	10-K	$476.3M	$271.0M	59.3%
FY 2020	10-K	$448.0M	$196.0M	44.3%

Institutions holding FR

Institutional investors reporting a position in FIRST INDUSTRIAL REALTY TRUST INC on SEC Form 13F.
Institution	Shares	Value	Reported
BlackRock	16,661,052	$1.0B	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT	12,719,991	$779.9M	2026-06-30
STATE STREET	6,328,788	$391.1M	2026-06-30
VANGUARD CAPITAL MANAGEMENT	5,982,850	$366.8M	2026-06-30
NORGES BANK	5,470,630	$335.4M	2026-06-30
CENTERSQUARE INVESTMENT MANAGEMENT	4,855,292	$297.7M	2026-06-30
GEODE CAPITAL MANAGEMENT	2,851,824	$174.9M	2026-06-30
COHEN & STEERS	2,740,112	$168.0M	2026-06-30
JPMORGAN CHASE	2,581,701	$163.9M	2026-06-30
PRUDENTIAL FINANCIAL	2,613,042	$160.2M	2026-06-30

SEC EDGAR: CIK 921825 →

FIRST INDUSTRIAL REALTY TRUST INC

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What's Driving FR's Business? Latest 10-Q Breakdown

27/27 datapoints verified

AI-extracted from the 10-Q filed 2026-07-23 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Total revenue rose 8.2% YoY to $194.9M on same store growth and a 60.2% cash rent increase on new/renewal leases, while same store occupancy slipped to 94.2% from 94.8%.

Biggest Revenue Drivers

Same Store Properties$179.4M+4.9% YoY

Increases in rental rates and tenant recoveries, partially offset by a slight decrease in occupancy

(Re)Developments$5.6M+1636.3% YoY

Primarily due to an increase in occupancy

Biggest Revenue Drivers

Total revenue: $194.9M+8.2% YoY

Same Store Properties$179.4M+4.9% YoY

Increases in rental rates and tenant recoveries, partially offset by a slight decrease in occupancy

(Re)Developments$5.6M+1636.3% YoY

Primarily due to an increase in occupancy

Acquired Properties$5.5M+130.6% YoY

Five industrial properties acquired subsequent to December 31, 2024 totaling approximately 2.0 million square feet of GLA

Other$3.9M-23.2% YoY

Legal settlement proceeds received in the prior-year quarter, partially offset by higher income-producing land parcel revenue

Sold Properties$0.6M-58.6% YoY

11 industrial properties sold subsequent to December 31, 2024 totaling approximately 0.6 million square feet of GLA

Largest Expense Items

Depreciation and Other Amortization$50.2M+6.4% YoY

Higher depreciation from acquired properties ($2.5M) and (re)developments ($1.6M)

Property Expenses$48.0M+5.5% YoY

Same store expenses increased primarily due to an increase in real estate tax expense

Interest Expense$24.5M+12.6% YoY

Higher weighted average debt balance ($2,616.6M vs $2,418.2M) and higher weighted average interest rate (4.23% vs 4.10%)

General and Administrative$8.9M

Remained relatively unchanged for the quarter

Margins: Same store cash NOI grew 6.7% YoY for the quarter as rental rate gains and tenant recoveries outpaced a slight occupancy decline, while property expenses rose mainly on higher real estate taxes.

Watch Items from the Filing

Total/weighted average leases signed in Q2 2026 achieved 60.2% straight-line rent growth and 35.1% average cash rental rate growth on a six-month basis, indicating strong mark-to-market on rolling leases.
Same store average daily occupancy declined to 94.2% in Q2 2026 from 94.8% in Q2 2025.
A contested proxy campaign by Land & Buildings Investment Management drove $5.6 million of advisor, legal and consultant costs (six months ended June 30, 2026) before the nomination was withdrawn in March 2026.
$125.0 million of private placement notes and $6.1 million of public notes mature in April/May 2027, expected to be refinanced via the Unsecured Credit Facility or new debt issuance.
Company authorized a new $250 million share repurchase program on March 13, 2026 but had not repurchased any shares as of June 30, 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →