First Industrial Realty Trust, Inc. (FR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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FR Revenue Growth
FR Revenue Analysis (2014–2025)
As of May 6, 2026, First Industrial Realty Trust, Inc. (FR) generated trailing twelve-month (TTM) revenue of $744.5 million, reflecting solid growth of +9.9% year-over-year. The most recent quarter (Q1 2026) recorded $194.8 million in revenue, up 3.4% sequentially.
Looking at the longer-term picture, FR's 5-year compound annual growth rate (CAGR) stands at +10.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $727.1 million in 2025, representing a new all-time high.
When compared to Real Estate sector peers including PLD (+10.7% YoY), EGP (+12.2% YoY), and REXR (+6.3% YoY), FR has underperformed the peer group in terms of revenue growth. Compare FR vs PLD →
FR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FRCurrent | $744M | +9.9% | +10.2% | 42.3% | |
 PLD | $8.2B | +10.7% | +19.7% | 53.8% | |
 EGP | $721M | +12.2% | +14.7% | 39.9% | |
 REXR | $1.0B | +6.3% | +24.9% | 37.9% | |
 STAG | $845M | +10.0% | +11.8% | 37.7% | |
 LXP | $350M | -3.8% | +1.2% | 14.0% |
FR Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $727.1M | +8.6% | $164.3M | 22.6% | $307.7M | 42.3% |
| 2024 | $669.6M | +9.1% | $486.8M | 72.7% | $272.4M | 40.7% |
| 2023 | $614.0M | +13.7% | $448.4M | 73.0% | $244.6M | 39.8% |
| 2022 | $539.9M | +13.4% | $396.3M | 73.4% | $214.0M | 39.6% |
| 2021 | $476.3M | +6.4% | $345.0M | 72.4% | $179.4M | 37.7% |
| 2020 | $447.8M | +5.2% | $328.6M | 73.4% | $198.4M | 44.3% |
| 2019 | $425.5M | +5.4% | $308.9M | 72.6% | $231.1M | 54.3% |
| 2018 | $403.7M | +1.8% | $286.8M | 71.1% | $259.1M | 64.2% |
| 2017 | $396.4M | +4.9% | $282.9M | 71.4% | $254.8M | 64.3% |
| 2016 | $378.0M | +3.3% | $265.2M | 70.2% | $238.5M | 63.1% |
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Start ComparisonFR — Frequently Asked Questions
Quick answers to the most common questions about buying FR stock.
Is FR's revenue growth accelerating or slowing?
FR maintains +9.9% revenue growth, in line with its 5-year CAGR of +10.2%. TTM revenue stands at $744M. Growth rate remains consistent with historical average.
What is FR's long-term revenue growth rate?
First Industrial Realty Trust, Inc.'s 5-year revenue CAGR of +10.2% reflects the sustained expansion pattern. Current YoY growth of +9.9% is near this long-term average.
How is FR's revenue distributed by segment?
FR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.