First Industrial Realty Trust — Feb 4, 2026 release

“Within our operating portfolio and development investments, we have built-in opportunity to drive incremental cash flow and value for shareholders.” Low End of High End of Guidance for 2026 Guidance for 2026 (Per share/unit) (Per share/unit) Net Income Available to Common Stockholders and Unitholders $ 1.58  $ 1.68  Add: Depreciation and Other Amortization of Real Estate 1.51  1.51  NAREIT Funds From Operations $ 3.09  $ 3.19  The following assumptions were used for guidance: • Average quarter-end in service occupancy of 94.0% to 95.0%. • SS NOI growth on a cash basis before termination fees of 5.0% to 6.0%. This range assumes 2026 bad debt expense of $1.0 million. • Includes the incremental costs expected in 2026 related to the Company’s completed and under construction developments as of December 31, 2025 and the aforementioned first quarter 2026 starts to date comprised of First Park Miami Building 4 and First Arlington Commerce Center III. In total, the Company expects to capitalize $0.08 per share of interest in 2026. • General and administrative expense of $42.0 million to $43.0 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. < more > Conference Call First Industrial will host its fourth quarter and full year 2025 conference call on Thursday, February 5, 2026 at 10:00 a.m. CST (11:00 a.m. EST). 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 page of the Company’s website at www.firstindustrial.com. The replay will also be available on the website. The Company’s fourth quarter and full year 2025 supplemental information can be viewed at www.firstindustrial.com under the “Investors”