Company: FR
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0000921825-25-000032
Chunk: 2

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 2
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ANCE                                                        |     |                            |     |                                          |
| 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.

#### PROPOSAL 1

### ELECTION OF DIRECTORS
Pursuant to the Company’s charter, the maximum number of members allowed to serve on the Company’s Board of Directors is twelve. The Board of Directors currently consists of seven seats. Each of the directors is serving for a term of one year and until such director’s successor is duly elected and qualified. The Company’s Nominating/Corporate Governance Committee identifies and recommends individuals for service on the Board of Directors, and the Board of Directors then either approves or rejects in whole all of such nominees.

The Board of Directors has nominated Peter E. Baccile, Teresa Bryce Bazemore, Matthew S. Dominski, H. Patrick Hackett, Jr., Denise A. Olsen, John E. Rau and Marcus L. Smith to serve as directors (collectively, the “Nominees”). All of the Nominees are currently serving as directors of the Company. Each of the Nominees has consented to be named as a nominee in this Proxy Statement. The Board of Directors anticipates that each of the Nominees will serve as a director if elected. However, if any person