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First Industrial Realty Trust FR Construction in progress

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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$8.44B+33.9%
P/E23.2×-0.1×
P/S11.1×+2.1×

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

Reported directly by First Industrial Realty Trust in its filing.

Tagged under the XBRL concept us-gaap:DevelopmentInProcess.

The source filing: First Industrial Realty Trust’s 10-Q, filed April 24, 2026.

Filed
Apr 24, 2026, 2:43 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000921825-26-000054
Line itemMarch 31, 2026December 31, 2025
Investment in Real Estate:
Land$1,859,707$1,872,086
Buildings and Improvements4,317,4244,274,540
Construction in Progress207,411221,052
Less: Accumulated Depreciation(1,223,450)(1,191,767)
Net Investment in Real Estate5,161,0925,175,911
Operating Lease Right-of-Use Assets19,34219,589
Cash and Cash Equivalents37,14778,032

Item 1. Financial Statements

FAQ

What is First Industrial Realty Trust's construction in progress?
First Industrial Realty Trust (FR) reported construction in progress of $207.41M in Q1 2026.
How has First Industrial Realty Trust's construction in progress changed year-over-year?
First Industrial Realty Trust's construction in progress increased by 4.2% year-over-year, from $199.03M to $207.41M.
What is the long-term trend for First Industrial Realty Trust's construction in progress?
Over 5 years (2020 to 2025), First Industrial Realty Trust's construction in progress has grown at a 23.3% compound annual growth rate (CAGR), from $77.57M to $221.05M.
What does construction in progress mean?
Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.

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