First Industrial Realty Trust — Oct 15, 2025 release

The following assumptions were used for guidance: • In service occupancy at year-end fourth quarter of 94.0% to 96.0%. This implies a full-year quarter-end average in service occupancy of 94.4% to 94.9%, a decrease of 85 basis points at the midpoint. The guidance assumes 0.3 million square feet of additional in service development leasing on December 31, 2025. • Fourth quarter SS NOI growth on a cash basis before termination fees of 3.0% to 5.0%. This implies SS NOI growth for the full year 2025 of 7.0% to 7.5%, an increase of 75 basis points at the midpoint. The full year range excludes $4.5 million of income related to the 3Q24 accelerated recognition of a tenant improvement reimbursement. • Includes the incremental costs expected in 2025 related to the Company’s completed and under construction developments as of September 30, 2025. In total, the Company expects to capitalize $0.09 per share of interest in 2025. • General and administrative expense ("G&A") of $40.5 million to $41.5 million. • Guidance does not include the impact of any future investments, property sales, debt repurchases prior to maturity, debt issuances, or equity issuances post the date of this press release. Conference Call First Industrial will host its quarterly conference call on Thursday, October 16, 2025 at 10:00 a.m. CDT (11:00 a.m. EDT). The conference call may be accessed by dialing (833) 890-3273, passcode “First Industrial”. The conference call will also be webcast live on the Investors p