Company: FR
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118941
Chunk: 47

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-05-13
Form: 424B5
Chunk 47
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 or any successor depository. Governing law The indenture, the notes and the guarantee will be governed by, and construed in accordance with, the laws of the State of New York. Definitions As used in the indenture, the following terms have the respective meanings specified below: “Acquired Debt” means Debt of a person:

| • |     | existing at the time such person is merged or consolidated with or into the Operating Partnership or any of its 
 Subsidiaries or becomes a Subsidiary of the Operating Partnership; or                                           |

| • |     | assumed by the Operating Partnership or any of its Subsidiaries in connection with the acquisition of assets from 
 such person.                                                                                                      |

Acquired Debt shall be deemed to be incurred on the date the acquired person is merged or consolidated with or into the Operating Partnership or any of its Subsidiaries or becomes a Subsidiary of the Operating Partnership or the date of the related acquisition, as the case may be. “Annual Debt Service Charge” means, for any period, the interest expense of the Operating Partnership and its Subsidiaries for such period, determined on a consolidated basis in accordance with United States generally accepted accounting principles. S-33

“Consolidated Income Available for Debt Service” for any period means Consolidated Net Income of the Operating Partnership and its Subsidiaries for such period, plus amounts which have been deducted and minus amounts which have been added for, without duplication:

| • |     | interest expense on Debt; |

| • |     | provision for taxes based on income; |

| • |     | amortization of debt discount, premium and deferred financing costs; |

| • |     | impairment losses and gains on sales or other dispositions of properties and other investments; |

| • |     | property depreciation and amortization; |

| • |     | amortization of right-of-use                       
 assets associated with finance leases of property; |

| • |     | credit losses recognized on financial assets and certain other instruments not measured at fair value; |

| • |     | the effect of any non-recurring,                
 non-cash items, as we determined in good faith; |

| • |     | the effect of any extraordinary and non-recurring items, as we determined 
 in good faith;                                                            |

| • |     | the effect of any non-cash charge resulting from a change in accounting 
 principles in determining Consolidated Net Income for such period;      |

| • |     | amort