First Industrial Realty Trust is a publicly traded industrial real estate investment trust focused on owning, operating, developing, and acquiring logistics properties across the United States. Founded in 1993 and publicly traded since 1994 on the New York Stock Exchange under ticker symbol FR, the company maintains a concentrated portfolio of warehouse and distribution facilities in 15 target metropolitan statistical areas. The company operates through a fully integrated platform providing facilities and services to multinational corporations and regional firms. As of June 30, 2026, First Industrial owns and has under development approximately 72.1 million square feet of industrial space. The portfolio strategy emphasizes market selection in supply-constrained locations with strong tenant demand driven by population density, transportation access, and modern supply-chain requirements. The company pursues value creation through disciplined development, capital recycling, and capturing embedded rent growth as in-place leases roll to current market rates. Primary markets include Southern California (Inland Empire), Chicago, Dallas-Fort Worth, Pennsylvania/New Jersey corridor, South Florida, Houston, and Phoenix. The investment approach targets infill industrial assets, bulk distribution centers, and regional fulfillment facilities that enable tenants to move goods efficiently. First Industrial reported cash rental rate increases of 32% on leases commencing in 2025 and maintained year-end in-service occupancy of 94.4%.