Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 53

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1A
Chunk 53
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 Company's common stock. An increase in market interest rates might lead investors to expect a higher distribution yield, which would adversely affect the market price of the Company's common stock. Any reduction in the market price of the Company's common stock would, in turn, reduce the market value of the Units.

Future sales or issuances of our common stock may cause the market price of our common stock to decline. 

The sale of substantial amounts of our common stock, whether directly by us or in the secondary market, or the perception that such sales may occur, could materially and adversely affect the market price of our common stock. Similarly, the availability of future issuances of common stock, Limited Partnership Units or other securities convertible into or exercisable for common stock, could also depress the market price of our common stock. In addition, we may in the future issue capital stock senior to our common stock for various reasons, including to finance our operations and business strategy, to adjust our ratio of debt to equity or other strategic reasons. Such issuances could further impact the market price of our common stock and our ability to raise capital through common stock or other offerings.

The market price of our common stock may fluctuate significantly.

The market price of our common stock may fluctuate significantly in response to many factors, including:

•actual or anticipated variations in our operating results, funds from operations, cash flows or liquidity;

•changes in our earnings estimates or those of analysts; 

•changes in asset valuations and related impairment charges; 

•changes to our dividend policy; 

•research reports about us or the real estate industry generally; 

•the ability of our tenants to meet rent obligations and our ability to re-lease space as leases expire; 

•increases in market interest rates, which may lead investors to demand a higher dividend yield; 

•changes in market valuations of similar companies; 

•adverse market reaction to our debt levels, upcoming debt maturities, refinancing plans or anticipated debt incurrences; 

•our ability to comply with financial covenants under our unsecured line of credit and the indentures under which our senior unsecured indebtedness is, or may be, issued;

•additions or departures of key management personnel; 

•actions by institutional stockholders; 

•speculation in the media or investment community; and 

•general market and economic conditions. 

These factors, many of which outside our control, could cause the market price of our common stock to decline significantly, regardless of our financial condition, results