First Industrial Realty Trust — Feb 4, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000921825-26-000008
Showing in the filing
Interest capitalized per share
“$0.08 per share”
Period
FY2026
Measure
GAAP-tied
Source
Prose
All guidance in this release · 10
Dividend for Q1 FY2026
“$0.50 Per Share”
NAREIT FFO for FY2026
“$3.09 to $3.19 Per Share/Unit”
NAREIT Funds From Operations (Per share/unit) for FY2026
“$3.09 to $3.19”
NAREIT FFO Growth at Midpoint for FY2026
“Approximately 6%”
Common dividend for FY2026
“$0.50 per share/unit”
Average quarter-end in service occupancy for FY2026
“94.0% to 95.0%”
SS NOI growth on a cash basis before termina… for FY2026
“5.0% to 6.0%”
Bad debt expense assumption for FY2026
“$1.0 million”
Interest capitalized per share for FY2026
“$0.08 per share”
General and administrative expense for FY2026
“$42.0 million to $43.0 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
• 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” tab. FFO Definition First Industrial calculates FFO to be equal to net income available to common stockholders, unitholders and participating securities, plus depreciation and other amortization of real estate, plus impairment of real estate, minus gain (or plus loss) on sale of real estate, adjusted for any associated income tax provisions o
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.