FR
First Industrial Realty Trust margins
- Stocks
- Real Estate
- NYSE: FR
- Margins
Using the latest TTM figures, First Industrial Realty Trust shows a gross margin of 73.8%, an operating margin of 41.6%, an EBITDA margin of 80.5%, and a net margin of 46.1%. Margin expansion was strongest in EBITDA margin, which gained by 14.3 percentage points. Operating margin had the strongest contraction, dropping by 0.7 percentage points.
FR margin history
Over the last 3 years, First Industrial Realty Trust recorded average margins of 73.28% gross, 40.99% operating, 76.73% EBITDA, and 42.53% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.
FR margin expansion
Gross margin expanded by 0.1 percentage points, EBITDA margin by 14.3 percentage points, and net margin by 12.9 percentage points, while operating margin contracted by 0.7 percentage points.
FR Gross margin
The average gross margin for First Industrial Realty Trust was 73.28% over the last 3 years. Against its three-year average, First Industrial Realty Trust's gross margin is currently 73.8%, 0.5 percentage points above its three-year average. The gross margin for First Industrial Realty Trust moved between 72.7% in Dec 2024 and 73.8% in Sep 2026.
FR Operating margin
Over the last 3 years, First Industrial Realty Trust had an average operating margin of 40.99%. Against its three-year average, First Industrial Realty Trust's operating margin is currently 41.6%, 0.6 percentage points above its three-year average. Looking back over the last 3 years, First Industrial Realty Trust's operating margin reached 42.3% at its highest point in Dec 2025 and 39.6% at its lowest in Mar 2024.
FR EBITDA margin
The average EBITDA margin for First Industrial Realty Trust was 76.73% over the last 3 years. First Industrial Realty Trust's current EBITDA margin is 80.5% and is 3.8 percentage points above its three-year average. The EBITDA margin for First Industrial Realty Trust moved between 66.2% in Sep 2025 and 82.2% in Jun 2026.
FR Net margin
The average net margin for First Industrial Realty Trust was 42.53% over the last 3 years. Currently, the current net margin for First Industrial Realty Trust is 46.1%, 3.6 percentage points above its three-year average. The net margin for First Industrial Realty Trust moved between 33.2% in Sep 2025 and 48% in Jun 2026.
FR margin group comparison
First Industrial Realty Trust's gross margin of 73.8% is above the Real Estate sector, the industry and its peers average. Compared to its Real Estate sector average of 62.8%, First Industrial Realty Trust's gross margin is 18% higher.
FR margin peer comparison
Frequently asked questions
What is First Industrial Realty Trust's gross margin?
As of Sep 30, 2026, FR has a gross margin of 73.8%.
What is First Industrial Realty Trust's operating margin?
The current operating margin for FR is 41.6% as of Sep 30, 2026.
What is First Industrial Realty Trust's EBITDA margin?
The current EBITDA margin for FR is 80.5% as of Sep 30, 2026.
What is First Industrial Realty Trust's net margin?
As of Sep 30, 2026, FR has a net margin of 46.1%.
What are the average margins of FR?
Looking back over 3 years, FR recorded average margins of 73.3% gross, 41.0% operating, 76.7% EBITDA, and 42.5% net.
What are the highest historical margins of FR?
Over the last 5 years, First Industrial Realty Trust's highest margins were 73.8% gross in Sep 2026, 42.3% operating in Dec 2025, 111.7% EBITDA in Sep 2022, and 75.8% net in Sep 2022.
What are the lowest historical margins of FR?
First Industrial Realty Trust's lowest recorded margins during the past 5 years were 72.4% gross in Dec 2021, 37.7% operating in Dec 2021, 66.2% EBITDA in Sep 2025, and 33.2% net in Sep 2025.