First Historical Income Statement

FR Stock  USD 52.69  0.08  0.15%   
Historical analysis of First Industrial income statement accounts such as Selling General Administrative of 33.2 M can show how well First Industrial Realty performed in making a profits. Evaluating First Industrial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Industrial's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining First Industrial Realty latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Industrial Realty is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Industrial Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

About First Income Statement Analysis

First Industrial Realty Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Industrial shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

First Industrial Income Statement Chart

At this time, First Industrial's Non Operating Income Net Other is relatively stable compared to the past year. As of 11/21/2024, Research Development is likely to grow to about 3.9 M, while Interest Expense is likely to drop slightly above 59.2 M.

Total Revenue

Total revenue comprises all receipts First Industrial Realty generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of First Industrial Realty minus its cost of goods sold. It is profit before First Industrial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of First Industrial Realty. It is also known as First Industrial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in First Industrial Realty financial statement analysis. It represents the amount of money remaining after all of First Industrial Realty operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cost Of Revenue

Cost of Revenue is found on First Industrial Realty income statement and represents the costs associated with goods and services First Industrial provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from First Industrial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Industrial Realty current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Industrial Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, First Industrial's Non Operating Income Net Other is relatively stable compared to the past year. As of 11/21/2024, Research Development is likely to grow to about 3.9 M, while Interest Expense is likely to drop slightly above 59.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit345.0M396.3M444.7M305.8M
Total Revenue476.3M539.9M614.0M396.4M

First Industrial income statement Correlations

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0.020.380.350.260.55-0.140.180.20.38-0.23-0.75-0.39-0.31-0.65-0.34-0.02-0.210.09-0.03-0.130.26-0.28-0.03
0.720.380.950.950.950.710.220.880.460.76-0.650.650.35-0.36-0.690.390.760.830.80.48-0.64-0.010.6
0.720.350.950.990.910.70.220.970.420.75-0.540.650.35-0.17-0.720.440.810.760.780.58-0.580.020.69
0.730.260.950.990.880.780.240.980.350.82-0.460.740.37-0.1-0.730.450.860.770.840.63-0.650.00.75
0.690.550.950.910.880.530.130.80.630.59-0.760.460.3-0.54-0.710.340.630.750.670.45-0.470.060.46
0.53-0.140.710.70.780.530.460.74-0.130.91-0.050.90.360.18-0.620.360.820.60.890.63-0.77-0.250.81
-0.410.180.220.220.240.130.460.19-0.520.33-0.170.260.040.01-0.130.240.110.250.54-0.04-0.3-0.790.3
0.720.20.880.970.980.80.740.190.320.79-0.360.720.380.04-0.690.440.880.680.780.65-0.610.050.76
0.550.380.460.420.350.63-0.13-0.520.320.07-0.630.00.34-0.66-0.20.060.260.40.040.13-0.110.69-0.2
0.62-0.230.760.750.820.590.910.330.790.07-0.140.980.580.11-0.540.450.930.720.920.61-0.890.00.72
-0.21-0.75-0.65-0.54-0.46-0.76-0.05-0.17-0.36-0.63-0.140.03-0.120.850.19-0.28-0.1-0.53-0.240.220.21-0.010.12
0.6-0.390.650.650.740.460.90.260.720.00.980.030.620.25-0.470.390.930.630.870.63-0.870.060.71
0.27-0.310.350.350.370.30.360.040.380.340.58-0.120.62-0.04-0.080.220.650.440.510.26-0.550.420.14
-0.06-0.65-0.36-0.17-0.1-0.540.180.010.04-0.660.110.850.25-0.040.040.00.16-0.320.00.310.04-0.10.43
-0.67-0.34-0.69-0.72-0.73-0.71-0.62-0.13-0.69-0.2-0.540.19-0.47-0.080.04-0.18-0.59-0.42-0.63-0.820.230.15-0.81
0.21-0.020.390.440.450.340.360.240.440.060.45-0.280.390.220.0-0.180.420.450.430.19-0.31-0.070.3
0.74-0.210.760.810.860.630.820.110.880.260.93-0.10.930.650.16-0.590.420.690.850.75-0.770.220.72
0.50.090.830.760.770.750.60.250.680.40.72-0.530.630.44-0.32-0.420.450.690.80.33-0.620.040.4
0.46-0.030.80.780.840.670.890.540.780.040.92-0.240.870.510.0-0.630.430.850.80.62-0.74-0.230.73
0.68-0.130.480.580.630.450.63-0.040.650.130.610.220.630.260.31-0.820.190.750.330.62-0.310.090.78
-0.460.26-0.64-0.58-0.65-0.47-0.77-0.3-0.61-0.11-0.890.21-0.87-0.550.040.23-0.31-0.77-0.62-0.74-0.31-0.12-0.42
0.43-0.28-0.010.020.00.06-0.25-0.790.050.690.0-0.010.060.42-0.10.15-0.070.220.04-0.230.09-0.12-0.28
0.58-0.030.60.690.750.460.810.30.76-0.20.720.120.710.140.43-0.810.30.720.40.730.78-0.42-0.28
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First Industrial Account Relationship Matchups

First Industrial income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization121.2M281.7M296.9M326.0M164.5M137.0M
Interest Expense50.3M51.3M44.1M49.0M74.3M59.2M
Selling General Administrative28.6M32.8M34.6M34.0M37.1M33.2M
Total Revenue426.0M448.0M476.3M539.9M614.0M396.4M
Gross Profit309.4M328.8M345.0M396.3M444.7M305.8M
Other Operating Expenses266.4M281.7M296.9M326.0M298.4M284.8M
Operating Income156.4M162.9M176.0M210.8M244.6M256.9M
Ebit156.4M10.9M10.1M32.2M248.8M261.2M
Ebitda277.6M292.6M307.0M358.2M413.3M233.5M
Total Operating Expenses149.8M162.5M165.6M182.3M37.1M35.3M
Net Income238.8M196.0M271.0M266.7M274.8M288.6M
Income Tax Expense3.4M2.4M4.9M23.4M8.7M5.4M
Income Before Tax231.1M198.4M282.2M290.0M262.3M275.4M
Total Other Income Expense Net74.7M(10.9M)102.8M76.1M17.7M21.7M
Cost Of Revenue116.6M119.2M131.3M143.7M169.3M110.0M
Net Income Applicable To Common Shares238.8M196.0M270.7M358.8M412.6M433.2M
Minority Interest5.1M4.2M(6.2M)(22.5M)(11.0M)(10.5M)
Net Income From Continuing Ops227.6M196.0M277.2M381.6M285.8M162.6M
Non Operating Income Net Other138.0M36.2M102.6M191.0M219.7M230.6M
Tax Provision3.4M2.4M4.9M23.4M8.7M5.5M
Interest Income37.3M50.5M47.7M62.7M56.5M45.6M
Net Interest Income(53.5M)(54.7M)(47.5M)(52.2M)(78.0M)(81.9M)
Reconciled Depreciation98.3M102.5M131.0M147.4M164.5M130.8M

Pair Trading with First Industrial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Industrial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Industrial will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

  0.73O Realty IncomePairCorr

Moving against First Stock

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The ability to find closely correlated positions to First Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Industrial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Industrial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Industrial Realty to buy it.
The correlation of First Industrial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Industrial Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Industrial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for First Stock Analysis

When running First Industrial's price analysis, check to measure First Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Industrial is operating at the current time. Most of First Industrial's value examination focuses on studying past and present price action to predict the probability of First Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Industrial's price. Additionally, you may evaluate how the addition of First Industrial to your portfolios can decrease your overall portfolio volatility.