First Industrial Realty Trust
FR · NYSE
Key indicators
FR profitability and balance sheet ratios
EPS $0.5811 in Q2 FY26, up 39.5% on a year earlier.
| Period | EPS |
|---|---|
| Q3 FY24 | $0.7504 |
| Q4 FY24 | $0.5166 |
| Q1 FY25 | $0.3631 |
| Q2 FY25 | $0.4166 |
| Q3 FY25 | $0.4929 |
| Q4 FY25 | $0.5947 |
| Q1 FY26 | $1.08 |
| Q2 FY26 | $0.5811 |
Where the money went
Q2 FY26, from revenue to net income
First Industrial Realty Trust brought in $194.9M of revenue in Q2 FY26, +8.2% on a year earlier. 40¢ of every dollar became profit.
- Revenue
- $194.9M
- Costs, expenses and taxes
- $117.9M
- Net income
- $77.1M
- Net margin
- 39.5%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $188.4M | $194.8M | $194.9M |
| Gross profit | $136.9M | $141.2M | $147.0M |
| Operating income | $79.1M | $68.1M | $87.9M |
| Net income | $78.8M | $143.0M | $77.1M |
| Diluted EPS | $0.59 | $1.08 | $0.58 |
Balance sheet
What the company owns and owes at period end
| Line item | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Total assets | $5.7B | $5.8B | $5.8B |
| Total liabilities | $3.0B | $3.0B | $3.0B |
| Shareholder equity | $2.7B | $2.8B | $2.8B |
| Cash and short-term investments | $0.1B | $0.0B | $0.0B |
| Total debt | $2.6B | $2.6B | $2.6B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | $122.0M | $88.9M | $114.0M |
| Investing cash flow | −$163.2M | −$72.5M | $32.4M |
| Financing cash flow | $82.4M | −$57.3M | −$69.4M |
| Capital expenditure | −$172.6M | $0.0M | $0.0M |
| Free cash flow | −$50.6M | $88.9M | $114.0M |
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