First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. (FR) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for First Industrial Realty Trust, Inc. (FR), covering cash flow, earnings, and balance sheets.
First Industrial Realty Trust, Inc. (FR) Income Statement & Financial Overview
Explore comprehensive income reports for First Industrial Realty Trust, Inc. FR, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $177.07M | $175.59M | $167.65M | $164.14M |
| Cost of Revenue | $48.31M | $47.87M | $45.09M | $86.47M |
| Gross Profit | $128.76M | $127.72M | $122.55M | $77.67M |
| Gross Profit Ratio | $0.73 | $0.73 | $0.73 | $0.47 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $15.90M | $10.30M | $9.23M | $9.62M |
| Operating Expenses | $15.90M | $55.39M | $52.74M | $52.67M |
| Total Costs & Expenses | $64.21M | $58.17M | $97.84M | $96.09M |
| Interest Income | -$963000.00 | -$911000.00 | -$911000.00 | $0.00 |
| Interest Expense | $19.47M | $20.11M | $20.84M | $0.00 |
| Depreciation & Amortization | $43.75M | $44.81M | $40.35M | $43.05M |
| EBITDA | $112.65M | $135.40M | $127.55M | $111.09M |
| EBITDA Ratio | $0.64 | $0.77 | $0.76 | $0.68 |
| Operating Income | $69.11M | $117.41M | $70.02M | $68.05M |
| Operating Income Ratio | $0.39 | $0.67 | $0.42 | $0.41 |
| Other Income/Expenses (Net) | -$13.80M | -$46.94M | $34.86M | -$14.74M |
| Income Before Tax | $55.31M | $70.48M | $104.88M | $53.30M |
| Income Before Tax Ratio | $0.31 | $0.40 | $0.63 | $0.32 |
| Income Tax Expense | $5.90M | $1.17M | $3.30M | $426000.00 |
| Net Income | $48.07M | $68.42M | $99.36M | $51.32M |
| Net Income Ratio | $0.27 | $0.39 | $0.59 | $0.31 |
| EPS | $0.36 | $0.54 | $0.75 | $0.39 |
| Diluted EPS | $0.36 | $0.54 | $0.75 | $0.39 |
| Weighted Avg Shares Outstanding | $132.41M | $132.37M | $132.37M | $132.37M |
| Weighted Avg Shares Outstanding (Diluted) | $132.49M | $132.42M | $132.42M | $132.40M |
The company's financials show resilient growth, with revenue advancing from $164.14M in Q2 2024 to $177.07M in Q1 2025. Gross profit remained healthy with margins at 73% in Q1 2025 compared to 47% in Q2 2024. Operating income hit $69.11M last quarter, sustaining a consistent 39% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $112.65M. Net income dropped to $48.07M, while earnings per share reached $0.36. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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