First Industrial Realty Trust Balance Sheet Health
Financial Health criteria checks 1/6
First Industrial Realty Trust has a total shareholder equity of $2.7B and total debt of $2.2B, which brings its debt-to-equity ratio to 83.5%. Its total assets and total liabilities are $5.2B and $2.5B respectively. First Industrial Realty Trust's EBIT is $246.1M making its interest coverage ratio 3. It has cash and short-term investments of $48.9M.
Key information
83.5%
Debt to equity ratio
US$2.23b
Debt
Interest coverage ratio | 3x |
Cash | US$48.88m |
Equity | US$2.67b |
Total liabilities | US$2.53b |
Total assets | US$5.20b |
Recent financial health updates
No updates
Recent updates
First Industrial: Shares Attractive Despite Softer Q1 Results
Apr 18First Industrial Is Positioned For A Strong 2024
Jan 05First Industrial: Embedded Growth At A Discount
Oct 25First Industrial: Buy The Dip On This Fast-Growing REIT
Oct 07First Industrial: Is It A Buy Following Another Quarter Of Record Rental Growth?
Jul 21First Industrial Realty: The Speculative Exposure Still Warrants A Higher Risk Premium
Feb 15Should You Be Adding First Industrial Realty Trust (NYSE:FR) To Your Watchlist Today?
Feb 12First Industrial Realty Trust FFO of $0.59 beats by $0.03, revenue of $144.62M beats by $4.87M
Feb 08First Industrial: Not The Best Time For Speculative Development
Dec 07First Industrial Realty Trust Q3 2022 Earnings Preview
Oct 19Do First Industrial Realty Trust's (NYSE:FR) Earnings Warrant Your Attention?
Oct 11First Industrial Realty Trust: The Picture Keeps Getting Better
Aug 21First Industrial Realty Trust declares $0.295 dividend
Aug 05First Industrial Realty Trust FFO of $0.56 beats by $0.02, revenue of $130.05M beats by $2.5M
Jul 20Is Now The Time To Put First Industrial Realty Trust (NYSE:FR) On Your Watchlist?
Jun 23First Industrial's Growth Outpaces Its Valuation
Jun 13If You Like EPS Growth Then Check Out First Industrial Realty Trust (NYSE:FR) Before It's Too Late
Mar 07First Industrial Realty Trust: Still Not The Right Moment
Feb 27First Industrial Realty Trust: Shares Offer Limited, If Any, Upside
Nov 02First Industrial Realty (FR) Presents At REITweek 2021 Investor Virtual Conference - Slideshow
Jun 15First Industrial Realty Trust: Quality But Too Expensive
May 05Financial Position Analysis
Short Term Liabilities: FR's short term assets ($244.2M) exceed its short term liabilities ($166.9M).
Long Term Liabilities: FR's short term assets ($244.2M) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: FR's net debt to equity ratio (81.7%) is considered high.
Reducing Debt: FR's debt to equity ratio has increased from 79.9% to 83.5% over the past 5 years.
Debt Coverage: FR's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: FR's interest payments on its debt are not well covered by EBIT (3x coverage).