First Industrial Realty Trust — Feb 4, 2026 release

ase Excluding 1.3 MSF Fixed-Rate Renewal • 35% Cash Rental Rate Increase on Leases Signed To Date Commencing in 2026 • Cash Same Store NOI Growth of 7.1% for the Full Year 2025 • Increased First Quarter 2026 Dividend to $0.50 Per Share, a 12.4% Increase • Acquired the Last Remaining Building from Our Camelback 303 JV in Phoenix in the Fourth Quarter; 968,000 SF, 100% Leased, $125 Million Purchase Price • Started Two Developments in 1Q26 To Date Totaling 305,000 SF in Miami and Dallas, Estimated Investment of $70 Million • Signed 447,000 SF of New Leases for Development Projects in the Fourth Quarter; 231,000 SF Signed Subsequent to the Third Quarter Earnings Call • Closed $425 Million and $375 Million Unsecured Term Loans in 1Q26 • 2026 NAREIT FFO Guidance Initiated at a Range of $3.09 to $3.19 Per Share/Unit, Representing Approximately 6% Growth at the Midpoint CHICAGO, February 4, 2026 – First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced results for the fourth quarter and full year 2025. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.59 in the fourth quarter, compared to $0.52 a year ago. Full year 2025 EPS was $1.87, compared to $2.17 in 2024. First Industrial's fourth quarter funds from operations (FFO) was $0.77 per share/unit on a diluted basis, compared to $0.71 pe