First Industrial Realty Trust, Inc. (FR) Earnings History
Annual and quarterly earnings data from 1994 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 72.6% | 44.3% | 42.7% |
| 2023 | 72.6% | 42.4% | 44.5% |
| 2022 | 77.9% | 44.3% | 54.8% |
| 2021 | 72.4% | 59.3% | 56.9% |
| 2020 | 73.4% | 44.3% | 45.0% |
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First Industrial Realty Trust, Inc. (FR) Earnings Overview
As of March 1, 2026, First Industrial Realty Trust, Inc. (FR) reported trailing twelve-month net income of $237M, reflecting +0.0% year-over-year growth. The company earned $1.79 per diluted share over the past four quarters, with a net profit margin of 0.4%.
Looking at the long-term picture, FR's 5-year EPS compound annual growth rate (CAGR) stands at +2.9%, reflecting modest earnings expansion. The company achieved its highest annual net income of $359M in fiscal 2022.
First Industrial Realty Trust, Inc. maintains positive profitability with a gross margin of 0.7%, operating margin of 0.4%, and net margin of 0.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including PLD ($3.21B net income, 0.5% margin), EGP ($248M net income, 0.4% margin), REXR ($334M net income, 0.3% margin), FR has room to improve margins relative to the peer group. Compare FR vs PLD →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
31 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $287M | +4.6% | $298M | $2.17 | 42.7% | 44.3% |
| 2023 | $275M | -23.5% | $262M | $2.07 | 44.5% | 42.4% |
| 2022 | $359M | +32.5% | $290M | $2.72 | 54.8% | 44.3% |
| 2021 | $271M | +34.4% | $282M | $2.09 | 56.9% | 59.3% |
| 2020 | $202M | -15.6% | $198M | $1.53 | 45.0% | 44.3% |
| 2019 | $239M | +46.3% | $231M | $1.88 | 56.1% | 54.3% |
| 2018 | $163M | -19.0% | $259M | $1.31 | 40.4% | 64.2% |
| 2017 | $201M | +66.2% | $255M | $1.69 | 50.8% | 64.3% |
| 2016 | $121M | +64.3% | $239M | $1.05 | 32.1% | 63.1% |
| 2015 | $74M | +50.3% | $224M | $0.66 | 20.2% | 61.3% |
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Start ComparisonFrequently Asked Questions
Is FR growing earnings?
FR TTM EPS: $1.79. Net income: $237M. Earnings growth: +0.0%.
What are FR's profit margins?
First Industrial Realty Trust, Inc. net margin is +0.4%, with operating margin at +0.4%. Below-average margins reflect competitive or cost pressures.
How consistent are FR's earnings?
FR earnings data spans 1994-2024. The current earnings trend is +0.0% YoY. Historical data enables comparison across business cycles.