First Industrial Realty Trust Management

Management criteria checks 3/4

First Industrial Realty Trust's CEO is Peter Baccile, appointed in Sep 2016, has a tenure of 8.33 years. total yearly compensation is $6.41M, comprised of 13% salary and 87% bonuses, including company stock and options. directly owns 0.04% of the company’s shares, worth €2.65M. The average tenure of the management team and the board of directors is 8.3 years and 8.3 years respectively.

Key information

Peter Baccile

Chief executive officer

US$6.4m

Total compensation

CEO salary percentage	13.0%
CEO tenure	8.3yrs
CEO ownership	0.04%
Management average tenure	8.3yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Peter Baccile's remuneration changed compared to First Industrial Realty Trust's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$308m
Jun 30 2024	n/a	n/a	US$284m
Mar 31 2024	n/a	n/a	US$287m
Dec 31 2023	US$6m	US$836k	US$275m
Sep 30 2023	n/a	n/a	US$267m
Jun 30 2023	n/a	n/a	US$316m
Mar 31 2023	n/a	n/a	US$378m
Dec 31 2022	US$6m	US$800k	US$359m
Sep 30 2022	n/a	n/a	US$391m
Jun 30 2022	n/a	n/a	US$310m
Mar 31 2022	n/a	n/a	US$245m
Dec 31 2021	US$5m	US$875k	US$271m
Sep 30 2021	n/a	n/a	US$240m
Jun 30 2021	n/a	n/a	US$234m
Mar 31 2021	n/a	n/a	US$217m
Dec 31 2020	US$7m	US$850k	US$196m
Sep 30 2020	n/a	n/a	US$209m
Jun 30 2020	n/a	n/a	US$251m
Mar 31 2020	n/a	n/a	US$255m
Dec 31 2019	US$4m	US$750k	US$238m
Sep 30 2019	n/a	n/a	US$192m
Jun 30 2019	n/a	n/a	US$145m
Mar 31 2019	n/a	n/a	US$150m
Dec 31 2018	US$4m	US$750k	US$163m

Compensation vs Market: Peter's total compensation ($USD6.41M) is above average for companies of similar size in the German market ($USD3.28M).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.

CEO

Peter Baccile (62 yo)

8.3yrs

Tenure

US$6,413,736

Compensation

Mr. Peter E. Baccile has been President of First Industrial Realty Trust, Inc since September 2016, Chief Executive Officer since December 2016 and its Director since 2016. Mr. Baccile serves as President,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Peter Baccile	President	8.3yrs	US$6.41m	0.040% € 2.7m
Johannson Yap	Co-Founder	27.9yrs	US$3.22m	0.15% € 9.9m
Scott Musil	CFO, Senior VP	22.7yrs	US$1.91m	0.061% € 4.0m
Jennifer Matthews Rice	General Counsel & Secretary	5.2yrs	US$1.27m	0.020% € 1.3m
Peter Schultz	Executive Vice President of East Region	15.8yrs	US$2.35m	0.072% € 4.7m
Christopher Schneider	Executive VP of Operations & Chief Information Officer	no data	no data	no data
Sara Niemiec	Chief Accounting Officer	8yrs	no data	no data
Arthur Harmon	Senior Vice President of Investor Relations & Marketing	no data	no data	no data
Robert Walter	Executive Vice President of Capital Markets & Asset Management	13yrs	no data	no data
Adam Moore	Senior Regional Director of Chicago	8yrs	no data	no data
Valerie Baxa	Senior Vice President of Environmental	no data	no data	no data
Sumit Sharma	Senior Vice President of Sustainability & Research	less than a year	no data	no data

8.3yrs

Average Tenure

61yo

Average Age

Experienced Management: F5W's management team is seasoned and experienced (8.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Peter Baccile	President	8.3yrs	US$6.41m	0.040% € 2.7m
John Rau	Lead Independent Director	30.6yrs	US$240.70k	0.021% € 1.4m
Matthew Dominski	Independent Chairman	14.8yrs	US$260.26k	0.024% € 1.6m
Teresa A. Bazemore	Independent Director	4.7yrs	US$219.73k	0% € 0
Denise Olsen	Independent Director	7.2yrs	US$217.39k	0.0016% € 107.4k
Marcus Smith	Independent Director	3.9yrs	US$212.08k	0.0022% € 147.4k
H. Hackett	Independent Director	15.1yrs	US$241.14k	0.028% € 1.9m

8.3yrs

Average Tenure

64yo

Average Age

Experienced Board: F5W's board of directors are considered experienced (8.3 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/03 10:26
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Industrial Realty Trust, Inc. is covered by 34 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nicholas Thillman	Baird
Anthony Powell	Barclays
Brendan Lynch	Barclays

First Industrial Realty Trust Management

Management criteria checks 3/4

Key information

Recent management updates

First Industrial Realty Trust, Inc., Annual General Meeting, Apr 30, 2024

Insufficient new directors

CFO, Senior VP recently sold €360k worth of stock

First Industrial Realty Trust, Inc., Annual General Meeting, May 03, 2023

First Industrial Realty Trust, Inc., Annual General Meeting, May 04, 2022

Co-Founder recently sold €612k worth of stock

Recent updates

Third quarter dividend of US$0.37 announced

First Industrial Realty Trust, Inc. Declares Common Stock Dividend for the Quarter Ending December 31, 2024, Payable on January 21, 2025

Third quarter 2024 earnings released: EPS: US$0.75 (vs US$0.57 in 3Q 2023)

An undisclosed buyer acquired 163,000 square feet, three buildings loacted in Central Pennsylvania from First Industrial Realty Trust, Inc. (NYSE:FR) for $19 million.

First Industrial Realty Trust, Inc. to Report Q3, 2024 Results on Oct 16, 2024

Upcoming dividend of US$0.37 per share

Second quarter dividend of US$0.37 announced

First Industrial Realty Trust, Inc. Declares Common Stock Dividends for the Quarter Ending September 30, 2024, Payable on October 21, 2024

Second quarter 2024 earnings released: EPS: US$0.39 (vs US$0.41 in 2Q 2023)

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Year 2024

First Industrial Realty Trust, Inc. to Report Q2, 2024 Results on Jul 17, 2024

First quarter dividend of US$0.37 announced

First Industrial Realty Trust, Inc. Declares Common Stock Dividend for the Quarter Ending June 30, 2024, Payable on July 15, 2024

New minor risk - Profit margin trend

First quarter 2024 earnings released: EPS: US$0.52 (vs US$0.42 in 1Q 2023)

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Year 2024

First Industrial Realty Trust, Inc. to Report Q1, 2024 Results on Apr 17, 2024

Upcoming dividend of US$0.37 per share

First Industrial Realty Trust, Inc., Annual General Meeting, Apr 30, 2024

Fourth quarter dividend of US$0.37 announced

Full year 2023 earnings released: EPS: US$2.08 (vs US$2.72 in FY 2022)

First Industrial Realty Trust, Inc. to Report Q4, 2023 Results on Feb 07, 2024

Upcoming dividend of US$0.32 per share at 2.5% yield

First Industrial Realty Trust, Inc. Declares Dividend for the Quarter Ending December 31, 2023 Payable on January 16, 2024

Third quarter 2023 earnings released: EPS: US$0.57 (vs US$0.94 in 3Q 2022)

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Year 2023

First Industrial Realty Trust, Inc. to Report Q3, 2023 Results on Oct 18, 2023

Upcoming dividend of US$0.32 per share at 2.5% yield

First Industrial Realty Trust, Inc. Declares Common Stock Dividend for the Quarter Ending September 30, 2023, Payable on October 16, 2023

New major risk - Financial position

Second quarter 2023 earnings released: EPS: US$0.41 (vs US$0.89 in 2Q 2022)

Now 21% undervalued after recent price drop

First Industrial Realty Trust, Inc. to Report Q2, 2023 Results on Jul 19, 2023

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.32 per share at 2.4% yield

Insufficient new directors

First Industrial Realty Trust, Inc. Declares Common Stock Dividend for the Quarter Ending June 30, 2023, Payable on July 17, 2023

CFO, Senior VP recently sold €360k worth of stock

First quarter 2023 earnings released: FFO per share: US$0.6 (vs US$0.53 in 1Q 2022)

Now 20% undervalued after recent price drop

First Industrial Realty Trust, Inc., Annual General Meeting, May 03, 2023

Full year 2022 earnings released: EPS: US$2.72 (vs US$2.09 in FY 2021)

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Fiscal 2023

First Industrial Realty Trust, Inc. to Report Q4, 2022 Results on Feb 08, 2023

Upcoming dividend of US$0.29 per share

First Industrial Realty Trust, Inc. Declares Common Stock Dividend for the Quarter Ending December 31, 2022, Payable on January 17, 2023

Third quarter 2022 earnings released: FFO per share: US$0.6 (vs US$0.51 in 3Q 2021)

First Industrial Realty Trust, Inc. to Report Q3, 2022 Results on Oct 19, 2022

Upcoming dividend of US$0.29 per share

First Industrial Realty Trust, Inc. Declares Dividend for the Quarter Ending September 30, 2022, Payable on October 17, 2022

First Industrial Realty Trust, Inc. (NYSE:FR) acquired 12,500-square-foot building in Pacific from Sci Infrastructure, L.L.C. for $20 million.

Second quarter 2022 earnings released: EPS: US$0.89 (vs US$0.40 in 2Q 2021)

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Year 2022

First Industrial Realty Trust, Inc. to Report Q2, 2022 Results on Jul 20, 2022

Upcoming dividend of US$0.29 per share

First Industrial Realty Trust, Inc. Declares Dividend for the Quarter Ending June 30, 2022, Payable on July 18, 2022

First quarter 2022 earnings released: FFO: US$125.5m per share (vs US$0.46 in 1Q 2021)

First quarter 2022 earnings released: FFO: US$125.5m per share (vs US$0.46 in 1Q 2021)

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Year 2022

First Industrial Realty Trust, Inc. to Report Q1, 2022 Results on Apr 20, 2022

Upcoming dividend of US$0.29 per share

First Industrial Realty Trust, Inc., Annual General Meeting, May 04, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

First Industrial Realty Trust, Inc. Declares Common Dividend for the Quarter Ending March 31, 2022, Payable on April 18, 2022

Upcoming dividend of US$0.27 per share

Third quarter 2021 earnings released: FFO US$0.53 per share (vs US$0.50 in 3Q 2020)

Upcoming dividend of US$0.27 per share

First Industrial Realty Trust, Inc. Provides Earnings Guidance for 2021

Second quarter 2021 earnings released: EPS US$0.40 (vs US$0.28 in 2Q 2020)