FIRST INDUSTRIAL REALTY TRUST INC
For the period ended Apr 2, 2025. Filed Apr 2, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 2, 2025 · Filed Apr 2, 2025
Contents
Proxy Statement Summary
This Proxy Statement and the accompanying Notice of Annual Meeting and Proxy Card are first being sent to stockholders on or about April 2, 2025 in connection with the solicitation of proxies by the Board of Directors of First Industrial Realty Trust, Inc. (“First Industrial” or the “Company”) for use at the Company’s 2025 Annual Meeting of Stockholders (the “Annual Meeting”). This summary highlights information that is contained elsewhere in this Proxy Statement. It does not include all information necessary to make a voting decision, and you should read this Proxy Statement in its entirety before casting your vote.
| VOTING OVERVIEW | |||
|---|---|---|---|
| Proposals · Board VoteRecommendation · Page | |||
| 1. | Elect seven directors to the Board of Directors to serve until the 2026 Annual Meeting of Stockholders, and until their successors are duly elected and qualified | FOReach nominee | 1 |
| 2. | Approve, on an advisory (i.e. non-binding) basis, the compensation of the Company’s Named Executive Officers as disclosed in this Proxy Statement | FOR | 12 |
| 3. | Ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025 | FOR | 46 |
| FIRST INDUSTRIAL AT A GLANCE | ||
|---|---|---|
| First Industrial Realty Trust, Inc. (NYSE: FR),a leading fully integrated owner, operator, and developer of industrial real estate | ||
| 50.8% | 96.2% | 8.1% |
| 2024 Cash Rental Rate Growth on Leasing | Year-End Occupancy | 2024 Cash Same Store NOI Growth(1) |
| 20.3% | 4.7 MSF | 15 MSF |
| Dividend Increase From 2024-2025(2) | Signed Development Leasing in 2024(3) | Future Growth from Owned Strategic Sites |
(1)Same store NOI growth excludes $4.5 million and $2.9 million related to accelerated recognition of tenant improvement reimbursements for the twelve months ended December 31, 2024 and 2023, respectively.
(2)Increased first quarter 2025 dividend to $0.445 per share/unit, a 20.3% increase from 2024’s quarterly rate.
(3)Includes Joint Venture leasing.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.