Company Quick10K Filing
First Industrial Realty Trust
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 129 $4,638
10-Q 2019-10-25 Quarter: 2019-09-30
10-Q 2019-07-29 Quarter: 2019-06-30
10-Q 2019-04-26 Quarter: 2019-03-31
10-K 2019-02-20 Annual: 2018-12-31
10-Q 2018-10-26 Quarter: 2018-09-30
10-Q 2018-07-27 Quarter: 2018-06-30
10-Q 2018-04-26 Quarter: 2018-03-31
10-K 2018-02-26 Annual: 2017-12-31
10-Q 2017-10-27 Quarter: 2017-09-30
10-Q 2017-07-28 Quarter: 2017-06-30
10-Q 2017-04-28 Quarter: 2017-03-31
10-K 2017-02-24 Annual: 2016-12-31
10-Q 2016-10-28 Quarter: 2016-09-30
10-Q 2016-07-29 Quarter: 2016-06-30
10-Q 2016-04-29 Quarter: 2016-03-31
10-K 2016-02-25 Annual: 2015-12-31
10-Q 2015-11-02 Quarter: 2015-09-30
10-Q 2015-08-04 Quarter: 2015-06-30
10-Q 2015-04-29 Quarter: 2015-03-31
10-K 2015-02-26 Annual: 2014-12-31
10-Q 2014-10-31 Quarter: 2014-09-30
10-Q 2014-07-30 Quarter: 2014-06-30
10-Q 2014-05-06 Quarter: 2014-03-31
10-K 2014-02-28 Annual: 2013-12-31
10-Q 2013-11-04 Quarter: 2013-09-30
10-Q 2013-08-05 Quarter: 2013-06-30
10-Q 2013-05-07 Quarter: 2013-03-31
10-K 2013-03-01 Annual: 2012-12-31
10-Q 2012-11-05 Quarter: 2012-09-30
10-Q 2012-08-03 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-02-29 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-05-02 Quarter: 2011-03-31
10-K 2011-02-24 Annual: 2010-12-31
10-Q 2010-11-04 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-04 Quarter: 2010-03-31
10-K 2010-03-03 Annual: 2009-12-31
8-K 2019-10-23 Earnings, Exhibits
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-05-16 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-05-08 Shareholder Vote
8-K 2019-04-23 Earnings, Exhibits
8-K 2019-02-28 Officers
8-K 2019-02-13 Earnings, Exhibits
8-K 2018-10-24 Earnings, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-05-14 Shareholder Vote
8-K 2018-04-30 Other Events, Exhibits
8-K 2018-04-24 Earnings, Exhibits
8-K 2018-03-01 Officers
8-K 2018-02-21 Earnings, Exhibits

First Industrial Realty Trust Financials

FR Metrics, Comps, Filings

Annual | Quarterly

Business

First Industrial Realty Trust, Inc. is a self-administered and fully integrated real estate company which owns, manages, acquires, sells, develops and redevelops industrial real estate. The Company is a Maryland corporation organized on August 10, 1993 and a real estate investment trust ("REIT") as defined in the Internal Revenue Code of 1986 (the "Code"). As of December 31, 2018, our in-service portfolio consisted of 171 bulk warehouse properties, 93 regional warehouse properties, 152 light industrial properties and 31 R&D/flex properties, containing an aggregate of approximately 60.7 million square feet of gross leasable area ("GLA") located in 21 states. Our in-service portfolio includes all properties that have reached stabilized occupancy (generally defined as properties that are 90% leased), developed and redeveloped properties one year from the date construction is completed and acquired properties that are at least 75% occupied at acquisition or one year from the acquisition date.

We began operations on July 1, 1994. The Company's operations are conducted primarily through the Operating Partnership, a Delaware limited partnership formed on November 23, 1993 of which the Company is the sole general partner (the "General Partner"), with an approximate 98.0% and 96.8% ownership interest ("General Partner Units") at December 31, 2018 and 2017, respectively. The Operating Partnership also conducts operations through the Other Real Estate Partnerships, numerous limited liability companies ("LLCs") and certain taxable REIT subsidiaries ("TRSs"), the operating data of which, together with that of the Operating Partnership, is consolidated with that of the Company as presented herein. The Company does not have any significant assets or liabilities other than its investment in the Operating Partnership and its 100% ownership interest in the general partners of the Other Real Estate Partnerships. Noncontrolling interest in the Operating Partnership of approximately 2.0% and 3.2% at December 31, 2018 and 2017, respectively, represents the aggregate partnership interest held by the limited partners thereof ("Limited Partner Units" and together with the General Partner Units, the "Units").

Profits, losses and distributions of the Operating Partnership, the LLCs, the Other Real Estate Partnerships and the TRSs are allocated to the general partner and the limited partners, the members or the shareholders, as applicable, of such entities in accordance with the provisions contained within their respective organizational documents.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Brixmor Property Group (BRX) 5,281 0% 11.4 4% 8,221 5,456 291 0 357 899 10,239
JBG Smith (JBGS) 5,164 0% 14.7 1% 6,007 1,990 638 0 52 331 4,867
Blackstone Mortgage Trust (BXMT) 4,848 19.1 2% 14,565 10,789 0 0 305 743 14,173
PS Business Parks (PSB) 4,826 0% 14.1 12% 2,057 80 316 0 239 339 4,785
Highwoods Properties (HIW) 4,701 0% 9.9 3% 4,743 2,419 356 0 140 472 4,687
First Industrial Realty Trust (FR) 4,638 0% 18.8 5% 3,265 1,580 414 0 148 321 6,037
Empire State Realty Trust (ESRT) 4,582 0% 13.1 2% 4,156 2,208 729 0 98 366 4,776
Macerich (MAC) 4,552 0% 7.1 1% 8,944 5,975 944 0 117 618 4,404
Life Storage (LSI) 4,519 0% 16.3 5% 4,035 1,969 561 0 210 390 6,355
Rexford Industrial Realty (REXR) 4,408 0% 30.4 2% 3,265 901 237 0 51 164 4,986
Healthcare Realty Trust (HR) 4,246 0% 22.0 1% 3,429 1,659 456 0 32 258 5,681
EastGroup Properties (EGP) 4,223 0% 23.5 2% 2,295 1,286 314 0 46 180 4,223
CoreSite Realty (COR) 4,209 53% 19.3 5% 2,001 1,725 560 298 103 286 5,523
Cousins Properties (CUZ) 4,159 66% 20.9 1% 6,677 2,307 516 342 56 286 5,987
Ryman Hospitality Properties (RHP) 4,065 40% 7.2 7% 3,852 3,417 1,431 577 251 538 3,896
Pebblebrook Hotel Trust (PEB) 4,045 36% 30.5 -0% 6,833 3,126 808 294 -5 212 6,475
Hospitality Properties Trust (HPT) 4,021 39% 4.7 3% 7,178 4,520 2,289 885 243 848 3,967
Equity Commonwealth (EQC) 4,014 0% 1.5 14% 3,702 67 165 0 501 560 831
Rayonier (RYN) 3,980 24% 18.5 3% 2,861 1,360 743 177 84 261 4,821
Outfront Media (OUT) 3,880 0% 11.7 3% 5,665 4,530 1,698 0 160 483 5,650

Balance Sheet ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash5822312257
Accounts Receivable5676555
Inventory
PP&E77242,3962,503278271261
Assets94802,5822,729303294286
Accounts Payable
Long-Term Debt821,2971,3501,4421,3541,3051,306
Liabilities1,4631,4261,4911,6031,5091,4651,463
Stockholders' Equity1,1031,1271,0491,1251,2411,4281,646
Income Statement ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue404
Cost of Revenue
Gross Profit
R&D
SG&A25232325272828
Tax6-0-0011-0
Net Income3-15177126208167
Cash Flow ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating136126137162174191211
Cash Investing-42-61-69-197-111-96-223
Cash Financing-99-62-6629-57-8417