First Industrial Realty Trust, Inc.

NYSE:FR Stock Report

Market Cap: US$6.8b

First Industrial Realty Trust Management

Management criteria checks 4/4

First Industrial Realty Trust's CEO is Peter Baccile, appointed in Sep 2016, has a tenure of 8.25 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 $2.77M. 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 percentage13.0%
CEO tenure8.3yrs
CEO ownership0.04%
Management average tenure8.3yrs
Board average tenure8.3yrs

Recent management updates

Recent updates

First Industrial Realty: A Top Industrial Pick With Solid Upside Potential

Dec 09

First Industrial: Still Attractive Despite Policy Risk

Nov 14

First Industrial Realty Trust: One Of My Top Industrial REIT Picks

Sep 08

First Industrial Realty Trust Sets The Ground For The Upcoming Upside

Jul 24

First Industrial: Recent Volatility Makes Them More Attractive Compared To Peers

Jul 09

First Industrial Looks Buyable As Market Conditions Improve

Jun 20

First Industrial: Shares Attractive Despite Softer Q1 Results

Apr 18

First Industrial Is Positioned For A Strong 2024

Jan 05

First Industrial: Embedded Growth At A Discount

Oct 25

First Industrial: Buy The Dip On This Fast-Growing REIT

Oct 07

First Industrial: Is It A Buy Following Another Quarter Of Record Rental Growth?

Jul 21

First Industrial Realty: The Speculative Exposure Still Warrants A Higher Risk Premium

Feb 15

First Industrial Realty Trust FFO of $0.59 beats by $0.03, revenue of $144.62M beats by $4.87M

Feb 08

First Industrial: Not The Best Time For Speculative Development

Dec 07

First Industrial Realty Trust Q3 2022 Earnings Preview

Oct 19

First Industrial Realty Trust: The Picture Keeps Getting Better

Aug 21

First Industrial Realty Trust declares $0.295 dividend

Aug 05

First Industrial Realty Trust FFO of $0.56 beats by $0.02, revenue of $130.05M beats by $2.5M

Jul 20

First Industrial's Growth Outpaces Its Valuation

Jun 13

First Industrial Realty Trust: Still Not The Right Moment

Feb 27

CEO Compensation Analysis

How has Peter Baccile's remuneration changed compared to First Industrial Realty Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$308m

Jun 30 2024n/an/a

US$284m

Mar 31 2024n/an/a

US$287m

Dec 31 2023US$6mUS$836k

US$275m

Sep 30 2023n/an/a

US$267m

Jun 30 2023n/an/a

US$316m

Mar 31 2023n/an/a

US$378m

Dec 31 2022US$6mUS$800k

US$359m

Sep 30 2022n/an/a

US$391m

Jun 30 2022n/an/a

US$310m

Mar 31 2022n/an/a

US$245m

Dec 31 2021US$5mUS$875k

US$271m

Sep 30 2021n/an/a

US$240m

Jun 30 2021n/an/a

US$234m

Mar 31 2021n/an/a

US$217m

Dec 31 2020US$7mUS$850k

US$196m

Sep 30 2020n/an/a

US$209m

Jun 30 2020n/an/a

US$251m

Mar 31 2020n/an/a

US$255m

Dec 31 2019US$4mUS$750k

US$238m

Sep 30 2019n/an/a

US$192m

Jun 30 2019n/an/a

US$145m

Mar 31 2019n/an/a

US$150m

Dec 31 2018US$4mUS$750k

US$163m

Sep 30 2018n/an/a

US$210m

Jun 30 2018n/an/a

US$222m

Mar 31 2018n/an/a

US$214m

Dec 31 2017US$3mUS$750k

US$201m

Compensation vs Market: Peter's total compensation ($USD6.41M) is about average for companies of similar size in the US market ($USD7.98M).

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

NamePositionTenureCompensationOwnership
Peter Baccile
President8.3yrsUS$6.41m0.040%
$ 2.8m
Johannson Yap
Co-Founder27.8yrsUS$3.22m0.15%
$ 10.4m
Scott Musil
CFO, Senior VP22.6yrsUS$1.91m0.061%
$ 4.2m
Jennifer Matthews Rice
General Counsel & Secretary5.1yrsUS$1.27m0.020%
$ 1.4m
Peter Schultz
Executive Vice President of East Region15.8yrsUS$2.35m0.072%
$ 4.9m
Christopher Schneider
Executive VP of Operations & Chief Information Officerno datano datano data
Sara Niemiec
Chief Accounting Officer7.9yrsno datano data
Arthur Harmon
Senior Vice President of Investor Relations & Marketingno datano datano data
Robert Walter
Executive Vice President of Capital Markets & Asset Management12.9yrsno datano data
Adam Moore
Senior Regional Director of Chicago7.9yrsno datano data
Valerie Baxa
Senior Vice President of Environmentalno datano datano data
Sumit Sharma
Senior Vice President of Sustainability & Researchless than a yearno datano data

8.3yrs

Average Tenure

61yo

Average Age

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

Board Members

NamePositionTenureCompensationOwnership
Peter Baccile
President8.3yrsUS$6.41m0.040%
$ 2.8m
John Rau
Lead Independent Director30.5yrsUS$240.70k0.021%
$ 1.5m
Matthew Dominski
Independent Chairman14.8yrsUS$260.26k0.024%
$ 1.6m
Teresa A. Bazemore
Independent Director4.6yrsUS$219.73k0%
$ 0
Denise Olsen
Independent Director7.1yrsUS$217.39k0.0016%
$ 112.3k
Marcus Smith
Independent Director3.8yrsUS$212.08k0.0022%
$ 154.1k
H. Hackett
Independent Director15yrsUS$241.14k0.028%
$ 1.9m

8.3yrs

Average Tenure

64yo

Average Age

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

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 03:45
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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.

AnalystInstitution
Nicholas ThillmanBaird
Anthony PowellBarclays
Brendan LynchBarclays