First Financial Statements From 2010 to 2025

FR Stock  USD 56.66  0.51  0.91%   
First Industrial financial statements provide useful quarterly and yearly information to potential First Industrial Realty investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on First Industrial financial statements helps investors assess First Industrial's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting First Industrial's valuation are summarized below:
Gross Profit
487.8 M
Profit Margin
0.4278
Market Capitalization
7.7 B
Enterprise Value Revenue
14.3603
Revenue
672.2 M
There are over one hundred nineteen available fundamental signals for First Industrial Realty, which can be analyzed over time and compared to other ratios. Investors and active traders are advised to verify First Industrial's prevailing fundamental performance against the performance between 2010 and 2025 to make sure the trends are evolving in the right direction. As of 02/26/2025, Market Cap is likely to grow to about 8.1 B. Also, Enterprise Value is likely to grow to about 9.6 B

First Industrial Total Revenue

407.33 Million

Check First Industrial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Industrial's main balance sheet or income statement drivers, such as Depreciation And Amortization of 138.7 M, Interest Expense of 60.2 M or Selling General Administrative of 33.5 M, as well as many indicators such as Price To Sales Ratio of 10.4, Dividend Yield of 0.0277 or PTB Ratio of 1.38. First financial statements analysis is a perfect complement when working with First Industrial Valuation or Volatility modules.
  
Check out the analysis of First Industrial Correlation against competitors.

First Industrial Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets3.2 B5.3 B3.3 B
Slightly volatile
Short and Long Term Debt Total1.5 B2.2 B1.5 B
Slightly volatile
Total Stockholder Equity1.4 B2.7 B1.6 B
Slightly volatile
Property Plant And Equipment Net18.9 M19.9 M211.4 M
Slightly volatile
Net Debt1.5 B2.2 B1.5 B
Slightly volatile
Other Assets5.3 BB1.2 B
Slightly volatile
Common Stock Shares Outstanding81.4 M132.4 M108.7 M
Slightly volatile
Liabilities And Stockholders Equity3.2 B5.3 B3.3 B
Slightly volatile
Non Current Liabilities Total1.6 B1.9 B1.5 B
Slightly volatile
Other Stockholder Equity1.7 B2.4 B1.9 B
Slightly volatile
Total Liabilities1.8 B2.5 B1.7 B
Slightly volatile
Property Plant And Equipment Gross18.9 M19.9 M211.4 M
Slightly volatile
Total Current Liabilities599 M570.5 M258.2 M
Slightly volatile
Accounts Payable131.4 M132.7 M124.9 M
Pretty Stable
Cash34.7 M44.5 M38.5 M
Slightly volatile
Non Current Assets Total2.8 BB3.1 B
Slightly volatile
Cash And Short Term Investments34.7 M44.5 M38.5 M
Slightly volatile
Net Receivables178.7 M170.2 M88 M
Slightly volatile
Common Stock Total Equity855.3 K1.5 M1.1 M
Slightly volatile
Total Current Assets147.3 M226.5 M219.9 M
Slightly volatile
Common Stock896.7 K1.5 M1.1 M
Slightly volatile
Other Liabilities75 M103.8 M77.2 M
Slightly volatile
Long Term Debt1.7 B1.9 B1.4 B
Slightly volatile
Intangible Assets34.5 M19.4 M31.9 M
Slightly volatile
Net Tangible Assets1.6 B2.8 B1.6 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity109.9 M64 M121.2 M
Pretty Stable
Long Term Debt Total1.5 B2.2 B1.4 B
Slightly volatile
Capital Surpluse2.3 B2.8 B2.1 B
Slightly volatile
Long Term Investments31.4 M51.2 M30.7 M
Very volatile
Non Current Liabilities Other22.3 M43 M22.3 M
Slightly volatile
Short and Long Term Debt267.9 M282 M768.4 M
Slightly volatile
Cash And Equivalents160.9 M153.2 M59.7 M
Slightly volatile
Net Invested Capital4.2 B4.9 B3.4 B
Slightly volatile
Capital Stock1.4 M1.5 M1.3 M
Slightly volatile
Capital Lease Obligations17.3 M17.6 M21.8 M
Slightly volatile

First Industrial Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization138.7 M171.9 M153.9 M
Slightly volatile
Selling General Administrative33.5 M40.9 M27.7 M
Slightly volatile
Total Revenue407.3 M669.6 M405.6 M
Slightly volatile
Gross Profit313.2 M486.8 M290 M
Slightly volatile
Other Operating Expenses285.6 M223.8 M254.6 M
Slightly volatile
Operating Income468.2 M445.9 M173.5 M
Slightly volatile
EBIT225.5 M214.8 M113 M
Slightly volatile
EBITDA239.7 M386.7 M259.1 M
Slightly volatile
Cost Of Revenue111.5 M182.8 M129 M
Pretty Stable
Discontinued Operations27.6 M32 M27 M
Slightly volatile
Preferred Stock And Other Adjustments2.1 M2.2 M6.5 M
Slightly volatile
Interest Income45.6 M56.5 M64.4 M
Slightly volatile
Reconciled Depreciation138.7 M176.3 M112.9 M
Slightly volatile

First Industrial Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow42.9 M43.8 M51.2 M
Slightly volatile
Depreciation124.4 M139.2 M125.2 M
Slightly volatile
Dividends Paid110.9 M193.5 M93.4 M
Slightly volatile
Total Cash From Operating Activities370.1 M352.5 M215 M
Slightly volatile
End Period Cash Flow42.8 M51.7 M54.4 M
Slightly volatile
Stock Based Compensation20.7 M37.1 M18.2 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio10.49.90939.1119
Slightly volatile
Dividend Yield0.02770.02920.0236
Slightly volatile
PTB Ratio1.382.48942.2045
Slightly volatile
Days Sales Outstanding97.4192.767969.6568
Slightly volatile
Book Value Per Share22.5420.745315.0156
Slightly volatile
Operating Cash Flow Per Share2.452.66291.8119
Slightly volatile
Average Payables137.5 M109.7 M138.2 M
Slightly volatile
Stock Based Compensation To Revenue0.05230.04990.0323
Slightly volatile
Capex To Depreciation4.63.942.4457
Slightly volatile
PB Ratio1.382.48942.2045
Slightly volatile
EV To Sales7.8713.168312.5316
Slightly volatile
ROIC0.09610.09150.0481
Slightly volatile
Inventory Turnover37.3135.5314.5205
Slightly volatile
Days Of Inventory On Hand7.918.3266.277
Pretty Stable
Payables Turnover0.981.37731.2182
Very volatile
Sales General And Administrative To Revenue0.06180.06110.0652
Pretty Stable
Average Inventory7.4 MM2.9 M
Slightly volatile
Research And Ddevelopement To Revenue0.00240.00238.0E-4
Slightly volatile
Capex To Revenue1.21.110.7349
Pretty Stable
Cash Per Share0.340.33630.3277
Slightly volatile
POCF Ratio12.1918.825217.549
Slightly volatile
Interest Coverage5.645.37392.7589
Slightly volatile
Capex To Operating Cash Flow1.391.461.3521
Slightly volatile
Days Payables Outstanding418265347
Pretty Stable
EV To Operating Cash Flow21.3625.016625.912
Very volatile
Intangibles To Total Assets0.00450.00480.0098
Slightly volatile
Net Debt To EBITDA4.945.64325.4567
Pretty Stable
Current Ratio0.50.3970.9881
Slightly volatile
Tangible Book Value Per Share22.0820.745314.7738
Slightly volatile
Receivables Turnover3.743.934611.385
Slightly volatile
Graham Number28.4531.373519.0517
Slightly volatile
Shareholders Equity Per Share20.4720.137714.5299
Slightly volatile
Debt To Equity1.320.83541.0308
Slightly volatile
Capex Per Share8.394.552.7979
Slightly volatile
Revenue Per Share6.725.05893.7826
Slightly volatile
Interest Debt Per Share25.3217.450314.9184
Slightly volatile
Debt To Assets0.370.42330.4552
Slightly volatile
Enterprise Value Over EBITDA12.2922.801318.5184
Slightly volatile
Short Term Coverage Ratios1.191.25186
Slightly volatile
Operating Cycle64.5102130
Pretty Stable
Price Book Value Ratio1.382.48942.2045
Slightly volatile
Days Of Payables Outstanding418265347
Pretty Stable
Price To Operating Cash Flows Ratio12.1918.825217.549
Slightly volatile
Operating Profit Margin0.410.66590.4198
Very volatile
Company Equity Multiplier2.771.97382.208
Slightly volatile
Long Term Debt To Capitalization0.580.41960.4894
Slightly volatile
Total Debt To Capitalization0.420.45520.4923
Slightly volatile
Return On Capital Employed0.05190.09510.0496
Pretty Stable
Debt Equity Ratio1.320.83541.0308
Slightly volatile
Ebit Per Revenue0.410.66590.4198
Very volatile
Dividend Paid And Capex Coverage Ratio1.911.82180.8568
Slightly volatile
Net Income Per E B T0.510.96571.3959
Pretty Stable
Cash Ratio0.140.0780.1897
Slightly volatile
Operating Cash Flow Sales Ratio0.320.52640.4791
Slightly volatile
Days Of Inventory Outstanding7.918.3266.277
Pretty Stable
Days Of Sales Outstanding97.4192.767969.6568
Slightly volatile
Cash Flow Coverage Ratios0.150.15830.1316
Slightly volatile
Price To Book Ratio1.382.48942.2045
Slightly volatile
Fixed Asset Turnover35.3933.707910.7273
Slightly volatile
Capital Expenditure Coverage Ratio0.460.710.8315
Pretty Stable
Price Cash Flow Ratio12.1918.825217.549
Slightly volatile
Enterprise Value Multiple12.2922.801318.5184
Slightly volatile
Debt Ratio0.370.42330.4552
Slightly volatile
Cash Flow To Debt Ratio0.150.15830.1316
Slightly volatile
Price Sales Ratio10.49.90939.1119
Slightly volatile
Asset Turnover0.140.12730.1221
Slightly volatile
Gross Profit Margin0.560.7270.7043
Pretty Stable
Price Fair Value1.382.48942.2045
Slightly volatile

First Industrial Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap8.1 B7.7 B6.7 B
Slightly volatile
Enterprise Value9.6 B9.1 B8.2 B
Slightly volatile

First Fundamental Market Drivers

Forward Price Earnings36.9004
Cash And Short Term Investments44.5 M

First Upcoming Events

7th of February 2024
Upcoming Quarterly Report
View
17th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
7th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About First Industrial Financial Statements

First Industrial shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although First Industrial investors may analyze each financial statement separately, they are all interrelated. The changes in First Industrial's assets and liabilities, for example, are also reflected in the revenues and expenses on on First Industrial's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue104.6 M109.8 M
Total Revenue669.6 M407.3 M
Cost Of Revenue182.8 M111.5 M
Stock Based Compensation To Revenue 0.05  0.05 
Sales General And Administrative To Revenue 0.06  0.06 
Capex To Revenue 1.11  1.20 
Revenue Per Share 5.06  6.72 
Ebit Per Revenue 0.67  0.41 

Pair Trading with First Industrial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Industrial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Industrial will appreciate offsetting losses from the drop in the long position's value.

Moving against First Stock

  0.5PK Park Hotels ResortsPairCorr
  0.44OZ Belpointe PREP LLCPairCorr
The ability to find closely correlated positions to First Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Industrial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Industrial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Industrial Realty to buy it.
The correlation of First Industrial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Industrial Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Industrial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for First Stock Analysis

When running First Industrial's price analysis, check to measure First Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Industrial is operating at the current time. Most of First Industrial's value examination focuses on studying past and present price action to predict the probability of First Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Industrial's price. Additionally, you may evaluate how the addition of First Industrial to your portfolios can decrease your overall portfolio volatility.