Company: FR
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118941
Chunk: 17

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-05-13
Form: 424B5
Chunk 17
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 the market price and liquidity of the notes are likely to be adversely affected and holders may not be able to sell their notes at desired times and prices or at all. If any of the notes are traded after their purchase in this offering, they may trade at a discount, which could be substantial, from their purchase price. The liquidity of the trading market, if any, and future trading prices of the notes will depend on many factors, including, among other things, prevailing interest rates, the financial condition, results of operations, business, prospects and credit quality of the Operating Partnership and its subsidiaries and the Company and its subsidiaries and other comparable entities, the market for similar securities and the overall securities markets, and may be adversely affected by unfavorable changes in any of these factors, many of which are beyond our control. In addition, market volatility or events or developments in the credit markets could materially and adversely affect the market value of the notes, regardless of the Operating Partnership’s, the Company’s or their respective subsidiaries’ financial condition, results of operations, business, prospects or credit quality. S-13

The market price of the notes may fluctuate significantly. The market price of the notes may fluctuate significantly in response to many factors, including:

| • |     | actual or anticipated variations in our quarterly operating results or dividends; |

| • |     | changes in our funds from operations or earnings estimates; |

| • |     | publication of research reports about us or the real estate industry; |

| • |     | increases in market interest rates; |

| • |     | changes in market valuations of similar companies; |

| • |     | adverse market reaction to any debt or equity securities we may issue or additional debt we incur in the future; |

| • |     | additions or departures of key management personnel; |

| • |     | actions by institutional investors; |

| • |     | speculation in the press or investment community; |

| • |     | the extent of investor interest in our securities; |

| • |     | the general reputation of REITs; |

| • |     | our underlying asset value; |

| • |     | investor confidence in the stock and bond markets, generally; |

| • |     | changes in tax laws; |

| • |     | failure to meet earnings estimates; |

| • |     | failure to qualify and maintain our qualification as a REIT; |

| • |     | changes in our credit ratings; |

| • |     | litigation or