First Industrial Realty Trust Inc

NYSE:FR USA REIT - Industrial
Market Cap
$8.06 Billion
Market Cap Rank
#2006 Global
#1445 in USA
Share Price
$60.84
Change (1 day)
-0.25%
52-Week Range
$43.07 - $63.50
All Time High
$63.50
Categories
Companies in USA REIT - Industrial
About

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments a… Read more

First Industrial Realty Trust Inc (FR) - Net Assets

Latest net assets as of September 2025: $2.74 Billion USD

Based on the latest financial reports, First Industrial Realty Trust Inc (FR) has net assets worth $2.74 Billion USD as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.51 Billion) and total liabilities ($2.77 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets $2.74 Billion
% of Total Assets 49.76%
Annual Growth Rate 7.47%
5-Year Change 41.02%
10-Year Change 146.25%
Growth Volatility 20.26

First Industrial Realty Trust Inc - Net Assets Trend (1994–2024)

This chart illustrates how First Industrial Realty Trust Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for First Industrial Realty Trust Inc (1994–2024)

The table below shows the annual net assets of First Industrial Realty Trust Inc from 1994 to 2024.

Year Net Assets Change
2024-12-31 $2.75 Billion +4.21%
2023-12-31 $2.64 Billion +4.14%
2022-12-31 $2.53 Billion +12.54%
2021-12-31 $2.25 Billion +15.46%
2020-12-31 $1.95 Billion +8.29%
2019-12-31 $1.80 Billion +7.05%
2018-12-31 $1.68 Billion +13.82%
2017-12-31 $1.48 Billion +14.89%
2016-12-31 $1.28 Billion +15.20%
2015-12-31 $1.12 Billion +2.23%
2014-12-31 $1.09 Billion -6.86%
2013-12-31 $1.17 Billion +2.23%
2012-12-31 $1.15 Billion +6.81%
2011-12-31 $1.07 Billion +20.23%
2010-12-31 $892.14 Million -16.95%
2009-12-31 $1.07 Billion +8.87%
2008-12-31 $986.75 Million -8.15%
2007-12-31 $1.07 Billion -8.61%
2006-12-31 $1.18 Billion -2.52%
2005-12-31 $1.21 Billion +20.30%
2004-12-31 $1.00 Billion -5.10%
2003-12-31 $1.06 Billion +0.18%
2002-12-31 $1.05 Billion -10.19%
2001-12-31 $1.17 Billion -5.72%
2000-12-31 $1.25 Billion -0.40%
1999-12-31 $1.25 Billion +0.50%
1998-12-31 $1.24 Billion +23.64%
1997-12-31 $1.01 Billion +74.84%
1996-12-31 $575.42 Million +76.02%
1995-12-31 $326.90 Million +3.38%
1994-12-31 $316.20 Million --

Equity Component Analysis

This analysis shows how different components contribute to First Industrial Realty Trust Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 22809500000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings $219.09 Million 8.22%
Common Stock $1.32 Million 0.05%
Other Comprehensive Income $239.03 Million 8.97%
Other Components $2.21 Billion 82.76%
Total Equity $2.67 Billion 100.00%

First Industrial Realty Trust Inc Competitors by Market Cap

The table below lists competitors of First Industrial Realty Trust Inc ranked by their market capitalization.

Company Market Cap
China International Capital Corporation Limited
PINK:CNICF
 		$7.81 Billion
WH Group Ltd
F:0WH
 		$7.82 Billion
Banca Transilvania S.A.
RO:TLV
 		$7.82 Billion
Zions Bancorporation
NASDAQ:ZION
 		$7.82 Billion
China Aerospace Times Electronics Co Ltd
SHG:600879
 		$7.81 Billion
The Weir Group PLC
PINK:WEIGF
 		$7.80 Billion
Inner Mongolia BaoTou Steel Union Co Ltd
SHG:600010
 		$7.79 Billion
Sitime Corporation
NASDAQ:SITM
 		$7.79 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in First Industrial Realty Trust Inc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,562,975,000 to 2,665,607,000, a change of 102,632,000 (4.0%).
  • Net income of 287,343,000 contributed positively to equity growth.
  • Dividend payments of 193,482,000 reduced retained earnings.
  • Share repurchases of 2,069,999 reduced equity.
  • Other comprehensive income increased equity by 89,051,999.
  • Other factors decreased equity by 78,211,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income $287.34 Million +10.78%
Dividends Paid $193.48 Million -7.26%
Share Repurchases $2.07 Million -0.08%
Other Comprehensive Income $89.05 Million +3.34%
Other Changes $-78.21 Million -2.93%
Total Change $- 4.00%

Book Value vs Market Value Analysis

This analysis compares First Industrial Realty Trust Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 3.02x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 3.88x to 3.02x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 $15.70 $60.84 x
1995-12-31 $16.34 $60.84 x
1996-12-31 $19.89 $60.84 x
1997-12-31 $26.85 $60.84 x
1998-12-31 $28.06 $60.84 x
1999-12-31 $27.78 $60.84 x
2000-12-31 $27.53 $60.84 x
2001-12-31 $25.43 $60.84 x
2002-12-31 $22.67 $60.84 x
2003-12-31 $22.62 $60.84 x
2004-12-31 $20.85 $60.84 x
2005-12-31 $24.59 $60.84 x
2006-12-31 $23.24 $60.84 x
2007-12-31 $20.96 $60.84 x
2008-12-31 $22.85 $60.84 x
2009-12-31 $20.73 $60.84 x
2010-12-31 $13.45 $60.84 x
2011-12-31 $12.74 $60.84 x
2012-12-31 $12.06 $60.84 x
2013-12-31 $10.53 $60.84 x
2014-12-31 $9.51 $60.84 x
2015-12-31 $9.69 $60.84 x
2016-12-31 $10.76 $60.84 x
2017-12-31 $12.02 $60.84 x
2018-12-31 $13.25 $60.84 x
2019-12-31 $13.93 $60.84 x
2020-12-31 $15.22 $60.84 x
2021-12-31 $16.91 $60.84 x
2022-12-31 $18.62 $60.84 x
2023-12-31 $19.37 $60.84 x
2024-12-31 $20.13 $60.84 x

Capital Efficiency Dashboard

This dashboard shows how efficiently First Industrial Realty Trust Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 10.78%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 42.75%
  • • Asset Turnover: 0.13x
  • • Equity Multiplier: 1.97x
  • Recent ROE (10.78%) is above the historical average (7.63%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 3.25% 20.39% 0.07x 2.36x $-19.74 Million
1995 4.02% 11.55% 0.14x 2.46x $-18.30 Million
1996 6.97% 26.49% 0.14x 1.92x $-16.16 Million
1997 6.08% 23.27% 0.10x 2.66x $-33.51 Million
1998 7.18% 21.65% 0.14x 2.42x $-29.76 Million
1999 11.78% 33.34% 0.15x 2.39x $18.83 Million
2000 11.14% 30.53% 0.15x 2.47x $12.03 Million
2001 12.29% 31.83% 0.15x 2.63x $22.80 Million
2002 13.56% 34.52% 0.13x 2.98x $31.42 Million
2003 12.80% 33.33% 0.13x 2.98x $24.86 Million
2004 13.08% 34.59% 0.12x 3.21x $26.06 Million
2005 8.35% 26.76% 0.10x 3.09x $-17.25 Million
2006 10.96% 28.30% 0.12x 3.15x $9.78 Million
2007 16.78% 35.65% 0.13x 3.53x $62.66 Million
2008 4.01% 7.52% 0.16x 3.27x $-59.08 Million
2009 -1.71% -4.18% 0.13x 3.17x $-118.16 Million
2010 -23.95% -70.29% 0.10x 3.25x $-287.51 Million
2011 -0.73% -2.34% 0.12x 2.60x $-110.11 Million
2012 -0.63% -2.25% 0.12x 2.36x $-117.24 Million
2013 3.58% 12.65% 0.12x 2.31x $-72.38 Million
2014 4.68% 14.16% 0.13x 2.46x $-55.78 Million
2015 6.88% 20.17% 0.13x 2.53x $-33.51 Million
2016 9.77% 32.07% 0.14x 2.25x $-2.91 Million
2017 14.11% 50.82% 0.13x 2.06x $58.68 Million
2018 9.92% 40.44% 0.13x 1.91x $-1.31 Million
2019 13.53% 56.12% 0.12x 1.99x $62.34 Million
2020 10.35% 45.02% 0.12x 1.95x $6.85 Million
2021 12.35% 56.92% 0.11x 1.90x $51.52 Million
2022 14.60% 54.84% 0.13x 2.01x $113.21 Million
2023 10.72% 44.45% 0.12x 2.02x $18.52 Million
2024 10.78% 42.75% 0.13x 1.97x $20.78 Million

Industry Comparison

This section compares First Industrial Realty Trust Inc's net assets metrics with peer companies in the REIT - Industrial industry.

Industry Context

  • Industry: REIT - Industrial
  • Average net assets among peers: $8,215,186,800
  • Average return on equity (ROE) among peers: 8.98%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
First Industrial Realty Trust Inc (FR) $2.74 Billion 3.25% 1.01x $7.81 Billion
Ascendas Real Estate Investment Trust (ACDSF) $10.31 Billion 7.41% 0.77x $9.40 Billion
BWP Trust (BUNNF) $2.84 Billion 9.35% 0.32x $1.54 Billion
Big Yellow Group Plc (BYLOF) $1.45 Billion 18.24% 0.27x $2.16 Billion
Fibra Terrafina (CBAOF) $24.78 Billion 3.83% 0.61x $1.16 Billion
ESR-REIT (CGIUF) $1.66 Billion 0.37% 0.95x $119.59 Million
Americold Realty Trust (COLD) $706.75 Million 6.79% 2.58x $3.22 Billion
CubeSmart (CUBE) $2.95 Billion 13.24% 1.16x $8.79 Billion
FIBRA Macquarie México (DBMBF) $36.33 Billion 10.92% 0.46x $1.13 Billion
DHAWF (DHAWF) $549.25 Million 4.93% 1.21x $146.66 Million
Dream Industrial Real Estate Investment Trust (DREUF) $570.82 Million 14.71% 1.79x $2.10 Billion