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First Industrial Realty Trust, Inc.: Business Overview, Financials & Competitive Analysis

First Industrial Realty Trust is a leading U.S.-only owner, operator, developer and acquirer of logistics properties that provides high quality facilities and industry-leading customer service to multinational corpora...

Analyst-debate audio for First Industrial Realty Trust, Inc.

AskCyborg analysts argue the bull and bear cases for First Industrial Realty Trust, Inc. across 11 stress-tested dimensions. Listen on your commute -- faster than reading the 30-page report.

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What's in This Report
First Industrial Realty Trust, Inc. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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7/ 10Strong

Cyborg Score thesis

Market-leading industrial REIT with strong FFO growth, attractive dividend yields, and solid portfolio fundamentals positioned to...

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Industry REIT—Industrial
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: June 15, 2026
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First Industrial Realty Trust, Inc. Overview

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First Industrial Realty Trust is a leading U.S.-only owner, operator, developer and acquirer of logistics properties that provides high quality facilities and industry-leading customer service to multinational corporations and regional firms essential for their supply chains. The company owns and has under development approximately 70.4 million square feet of industrial space concentrated in 15 target metropolitan statistical areas.

Strategic Profile

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The company primarily operates in key gateway markets and major industrial corridors throughout the United States through proactive asset management, strategic leasing, and disciplined capital allocation. The company serves a diverse tenant base across various sectors including e-commerce, logistics, transportation, manufacturing, retail, consumer services, food and beverage, building materials, wholesale goods, health services, and government.

Competitive Landscape

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First Industrial operates in the REIT—Industrial sector alongside competitors including EastGroup Properties ($9.6B market cap) and Terreno Realty Corporation. The company differentiates through its fully integrated operating platform, geographic focus on core markets, and development capabilities.

Industry Context

First Industrial Realty Trust, Inc. operates in REIT—Industrial.

Key facts

Founded: 1993 · Headquarters: Chicago, US · Revenue: $714M · Market cap: $8.0B

What the analysts stress-tested

The top findings that survived the multi-agent debate for First Industrial Realty Trust, Inc..

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

EastGroup PropertiesIndustrial REIT with Southeast/Midwest focus→PrologisGlobal industrial logistics REIT→STAG IndustrialNet lease industrial properties REIT→

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Industry context

First Industrial Realty Trust, Inc. operates in REIT—Industrial. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does First Industrial Realty Trust, Inc. do?+
First Industrial Realty Trust is a leading U.S.-only owner, operator, developer and acquirer of logistics properties that provides high quality facilities and industry-leading customer service to multinational corpora...
What is First Industrial Realty Trust, Inc.'s Cyborg Score?+
First Industrial Realty Trust, Inc. has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are First Industrial Realty Trust, Inc.'s main competitors?+
Named competitors include EastGroup Properties, Prologis, STAG Industrial. The full competitive landscape is in the AskCyborg report.
How can I get the full First Industrial Realty Trust, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the First Industrial Realty Trust, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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