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First Industrial Realty Trust FR Joint Venture Development Services Expense

Joint Venture Development Services Expense at other companies

Extra Space Storage logo
Extra Space StorageEXR
$0-100%
Equity Residential logo
Equity ResidentialEQR
-$1.26M+17.1%
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Other financials

Income statement

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Revenue$194.8M+10.0%
Net income$143.1M+197%
EPS (diluted)$1.08+200%

Balance sheet

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Cash & equivalents$37.1M+3.9%
Total debt$1.0B+7.8%
Total equity$2.8B+4.0%
Total assets$5.8B+6.0%

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$8.19B+7.3%
Enterprise value$9.17B+7.4%
P/E23.9×-4.6×
P/S11×-0.2×

Profitability

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Net margin46%+6.9pp
FCF margin53.1%+6.9pp

Returns & leverage

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Return on equity12.7%+2.5pp
Debt / equity0.4×0.0×

Where this comes from

Reported directly by First Industrial Realty Trust in its filing.

Tagged under the XBRL concept fr:JointVentureDevelopmentServicesExpense.

The official record: First Industrial Realty Trust’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Industrial Realty Trust's joint venture development services expense?
First Industrial Realty Trust (FR) reported joint venture development services expense of $31K in Q1 2026.
How has First Industrial Realty Trust's joint venture development services expense changed year-over-year?
First Industrial Realty Trust's joint venture development services expense decreased by 85.7% year-over-year, from $217K to $31K.
What is the long-term trend for First Industrial Realty Trust's joint venture development services expense?
Over 3 years (2022 to 2025), First Industrial Realty Trust's joint venture development services expense has grown at a -11.6% compound annual growth rate (CAGR), from $909K to $629K.
What does joint venture development services expense mean?
Expenses related to providing development services to joint venture partners.
How do you interpret joint venture development services expense?
Fluctuations track the intensity of development activity within joint ventures; high expenses should ideally correlate with future fee income or equity gains.
How does joint venture development services expense compare across companies?
Often found in REITs with active development arms; peers may label this 'Development Costs' or 'JV Operating Expenses'.