Company: FR
Filing Date: 2025-08-21
Form Type: 424B5
Source: 0000921825-25-000095
Chunk: 27

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-08-21
Form: 424B5
Chunk 27
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 would result in dilution to our earnings per share and funds from operations per share.

In addition, upon certain events of bankruptcy or insolvency relating to us, the forward sale agreements will terminate without further liability of the parties thereto. Following any such termination, we would not issue any shares of our common stock pursuant to such forward sale agreements, and we would not receive any proceeds pursuant to the forward sale agreements. See the “Risk factors” section beginning on page S-4 of this prospectus supplement.

The descriptions of certain provisions of the forward sale agreements appearing above and elsewhere in this prospectus supplement are not complete and are subject to, and qualified in their entirety by reference to, the terms and provisions of such forward sale agreements. A form of the forward sale agreement is included as an exhibit to the equity distribution agreements with each of the Sales Agents, the Forward Sellers and the Forward Purchasers, and the equity distribution agreements have been or will be filed as exhibits to a document incorporated by reference in the accompanying prospectus and may be obtained as described under “Where You Can Find More Information” in the accompanying prospectus and “Documents Incorporated by Reference.”

Other Relationships; Potential Conflicts of Interest

This offering was commenced following the termination of eleven existing distribution agreements (individually, a “2023 Distribution Agreement” and, together, the “2023 Distribution Agreements”) among the Company, the Operating Partnership, and each of BofA Securities, Inc., BTIG, LLC, Citigroup Global Markets Inc., Fifth Third Securities, Inc., Jefferies LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Regions Securities LLC, Samuel A. Ramirez & Company, Inc., UBS Securities LLC and Wells Fargo Securities, LLC. The 2023 Distribution Agreements were entered into in connection with the commencement of an equity offering in which the Company was permitted to sell $800 million or a maximum of 16,000,000 shares of its common stock from time to time in “at-the-market” offerings or certain other transactions.

Some or all of the Sales Agents, the Forward Sellers and the Forward Purchasers and/or their respective affiliates, have from time to time provided, and may in the future provide, various investment banking, commercial banking, financial advisory and/or other services for us for which they have received or will receive customary fees and commissions for these transactions. In particular, as of the date of this prospectus supplement certain of the Sales Agents and/or their affiliates are lenders or agents under our unsecured