First Industrial Realty Trust Inc. reported financial results for the full year ended December 31, 2025. Net income attributable to shareholders and participating securities was USD 247.44 million for the period. Funds from Operations (FFO) available to shareholders and participating securities totaled USD 391.78 million. Depreciation and other amortization of real estate amounted to USD 184.68 million, with an additional USD 2.61 million from joint ventures. Interest expense for the period was USD 84.89 million. The company recorded a gain on sale of real estate of USD 26.91 million and a gain on sale of real estate from joint ventures of USD 34.18 million. The income tax provision excluded from FFO was USD 13.91 million. Management stated that using FFO as a supplemental measure alongside net income improves understanding of operating results and enhances comparability within the real estate investment trust sector. The company also continues to focus on cash basis same store net operating income as a key performance measure for its real estate portfolio.

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