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Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$194.9M+8.2%
Net income$77.1M+39.6%
EPS (diluted)$0.58+38.1%

Balance sheet

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Cash & equivalents$37.1M+3.9%
Total debt$2.57T+273,050%
Total equity$2.87T+108,392%
Total assets$5.78T+105,926%

Cash flow

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Operating cash flow$88.9M+0.4%
CapEx$47.6M-7.1%
Free cash flow$41.3M+10.6%

Valuation

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Market cap$8.4B+31.8%
P/E23.1×-0.5×
P/S11.1×+2.0×

Profitability

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Net margin48%+9.3pp
FCF margin53.1%+6.9pp

Returns & leverage

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Return on equity0%-10.3pp
Debt / equity0.9×+0.5×

Where this comes from

Calculated from First Industrial Realty Trust’s reported figures.

The source filing: First Industrial Realty Trust’s 8-K, filed July 22, 2026. Open the filing →

Filed
Jul 22, 2026, 4:55 PM EDT
Accession
0000921825-26-000060

FAQ

What is First Industrial Realty Trust's net debt?
First Industrial Realty Trust (FR) reported net debt of $2.57T in Q2 2026.
How has First Industrial Realty Trust's net debt changed year-over-year?
First Industrial Realty Trust's net debt increased by 283607.9% year-over-year, from $904.16M to $2.57T.
What is the long-term trend for First Industrial Realty Trust's net debt?
Over 5 years (2020 to 2025), First Industrial Realty Trust's net debt has grown at a 22.0% compound annual growth rate (CAGR), from $319.2M to $863.91M.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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