Every material Form 8-K First Industrial Realty Trust filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
First Industrial reported third-quarter 2026 results showing diluted FFO of $0.81 per share, up from $0.76 a year earlier, and diluted EPS of $0.44, down from $0.49. The company raised its 2026 FFO guidance by $0.01 at the midpoint, while occupancy fell to 94.1% from 94.9% in the prior quarter.
Q3 2026 total revenues were $197.1 million, up from $181.4 million a year earlier.
Q3 2026 diluted EPS was $0.44, versus $0.49 in Q3 2025; the prior-year quarter included a $9.5 million gain on sale of real estate.
2026 FFO guidance was increased $0.01 at the midpoint; cash same store NOI growth guidance was raised 75 basis points to 6.5% at the midpoint.
In-service occupancy was 94.1% at September 30, 2026, compared with 94.9% at June 30, 2026.
First Industrial Realty Trust filed an amendment to an earlier 8-K to disclose committee assignments for director Frank E. Schmitz, who joined the Board effective June 1, 2026. On August 13, 2026, the Board appointed him to its Nominating/Corporate Governance Committee and Compensation Committee. The filing is administrative and does not describe a change in financial results or strategy.
Frank E. Schmitz was elected to the Board effective June 1, 2026, when the Board size increased from six to seven members.
On August 13, 2026, the Board appointed Mr. Schmitz to the Nominating/Corporate Governance Committee and the Compensation Committee.
The amendment was filed to provide committee assignment details omitted from the original 8-K.
First Industrial Realty Trust reported second-quarter 2026 diluted EPS of $0.58, up from $0.42 a year earlier, and FFO of $0.82 per share/unit, up from $0.76. The company raised the midpoint of its 2026 FFO guidance by $0.02 per share, to a range of $3.08 to $3.16 before advisory costs tied to a contested proxy campaign.
Q2 2026 total revenues were $194.9 million, versus $180.2 million in Q2 2025.
Net income available to common stockholders was $77.1 million in Q2 2026, versus $55.2 million a year earlier.
In-service occupancy was 94.9% at June 30, 2026, versus 94.2% a year earlier; cash same store NOI rose 6.7%.
Quarterly common dividend was $0.500 per share, up from $0.445 a year earlier. The company will hold a conference call on July 23, 2026.
First Industrial reported first-quarter 2026 revenue of $194.8 million, up from $177.1 million, and diluted EPS of $1.08, up from $0.36, helped by a $109.0 million gain on sale of real estate. Diluted FFO per share was $0.68, flat year over year, and $0.72 excluding $5.6 million of advisory costs tied to a contested proxy campaign. Shareholders also received a 12.4% dividend increase to $0.50 per share, though occupancy was lower than a year earlier.
Revenue rose to $194.8 million from $177.1 million; diluted EPS was $1.08 versus $0.36, driven by a $109.0 million gain on sale of real estate compared with $6.8 million a year earlier.
Diluted FFO was $0.68 per share/unit, flat with a year earlier; $0.72 excluding $5.6 million of proxy campaign advisory costs.
Cash same store NOI grew 8.7%, while in-service occupancy was 94.3% at March 31, 2026, down from 95.3% a year earlier.
Quarterly dividend raised to $0.50 per share from $0.445, a 12.4% increase, and a new share repurchase program of up to $250 million was established.
On March 25, 2026, the board ratified the criteria for a 2026 Employee Bonus Plan that will fund awards for eligible employees, including the chief executive officer. Bonuses will depend on FFO per share, same store NOI growth and discretionary objectives, and the overall payout is capped at 115%.
Performance weighting: 55% FFO per share, 30% same store NOI growth, 15% discretionary objectives
Individual categories can reach 125% of opportunity, but overall payout is capped at 115%
Board ratified the criteria on March 25, 2026; filing dated March 27, 2026
First Industrial Realty Trust's board approved a new stock repurchase program of up to $250 million of common stock on March 13, 2026. The program has no expiration date, and the company is not obligated to buy any particular amount; repurchases depend on market conditions and company discretion. The board also elected Frank E. Schmitz as a director, effective June 1, 2026, expanding the board from six to seven members.
Board approved a repurchase program of up to $250 million of common stock on March 13, 2026, with no expiration date.
Repurchases may be made in the open market or in privately negotiated transactions, and the board may modify, suspend or end the program at any time.
Frank E. Schmitz joins the board effective June 1, 2026, and will serve until the 2027 annual meeting; six of the seven directors will be independent.
Schmitz is a Senior Advisor at PJT Partners and co-founded Park Hill Real Estate Group in 2005.
First Industrial reported fourth-quarter 2025 diluted EPS of $0.59, up from $0.52, and FFO of $0.77 per share/unit, up from $0.71, and raised its quarterly dividend 12.4% to $0.50 per share. It also initiated 2026 NAREIT FFO guidance of $3.09 to $3.19 per share/unit. Full-year 2025 EPS fell to $1.87 from $2.17, and gains on sale of real estate were $26.9 million for 2025 versus $112.0 million for 2024.
Q4 2025 diluted EPS $0.59 vs $0.52 a year earlier; FFO $0.77 per share/unit vs $0.71
Full-year 2025 FFO $2.96 per share/unit, up 11.7% from $2.65 in 2024; full-year EPS $1.87 vs $2.17
Quarterly dividend raised 12.4% to $0.50 per share/unit, payable April 20, 2026
2026 NAREIT FFO guidance initiated at $3.09 to $3.19 per share/unit, about 6% growth at the midpoint
First Industrial Realty Trust refinanced two unsecured term loans on January 22, 2026: a $425 million Wells Fargo facility now maturing January 22, 2030, and a $375 million U.S. Bank facility now maturing January 22, 2029. Both loans price at SOFR plus 0.85%, and the 0.10% SOFR adjustment on the Wells Fargo loan was removed, which the filing does not quantify as a dollar effect on the company.
Wells Fargo term loan: $425.0 million, maturity extended from October 18, 2027 to January 22, 2030, with one-year extension option
U.S. Bank term loan: $375.0 million, maturity extended from August 12, 2026 to January 22, 2029, with two one-year extension options
Both loans priced at SOFR plus 0.85% based on investment grade ratings of BBB/Baa2/BBB+; incremental borrowing capacity of up to $150.0 million and $100.0 million
Proceeds refinance existing term loans; the U.S. Bank loan also covers general business purposes
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every First Industrial Realty Trust filing is on SEC EDGAR ↗. 8-K briefs of other companies →