First Industrial Realty Trust, Inc. (FR) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
FR Revenue Analysis (2013–2024)
As of March 2, 2026, First Industrial Realty Trust, Inc. (FR) generated trailing twelve-month (TTM) revenue of $713.8 million, reflecting solid growth of +7.9% year-over-year. The most recent quarter (Q3 2025) recorded $181.4 million in revenue, up 0.9% sequentially.
Looking at the longer-term picture, FR's 5-year compound annual growth rate (CAGR) stands at +9.6%, indicating steady revenue expansion. The company achieved its highest annual revenue of $672.2 million in 2024, representing a new all-time high.
When compared to Real Estate sector peers including PLD (+10.7% YoY), EGP (+11.6% YoY), and REXR (+10.4% YoY), FR has underperformed the peer group in terms of revenue growth. Compare FR vs PLD →
Peer Comparison
Compare FR's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FRCurrent | $714M | +7.9% | +9.6% | 44.3% | |
| PLD | $8.2B | +10.7% | +19.7% | 53.8% | |
| EGP | $639M | +11.6% | +14.1% | 69.4% | |
| REXR | $936M | +10.4% | +28.5% | 68.8% | |
| STAG | $845M | +9.6% | +11.8% | 0.7% | |
| TRNO | $476M | +24.5% | +20.6% | 40.3% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $672.2M | +8.7% | $487.8M | 72.6% | $297.8M | 44.3% |
| 2023 | $618.2M | -5.6% | $448.9M | 72.6% | $262.3M | 42.4% |
| 2022 | $654.9M | +37.5% | $510.3M | 77.9% | $290.0M | 44.3% |
| 2021 | $476.1M | +6.3% | $344.8M | 72.4% | $282.2M | 59.3% |
| 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% |
| 2015 | $365.8M | +5.5% | $249.8M | 68.3% | $224.4M | 61.3% |
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Start ComparisonFrequently Asked Questions
Is FR's revenue growth accelerating or slowing?
FR maintains +7.9% revenue growth, in line with its 5-year CAGR of +9.6%. TTM revenue stands at $714M. 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 +9.6% reflects the sustained expansion pattern. Current YoY growth of +7.9% 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 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.