Company: FR
Filing Date: 2025-08-21
Form Type: 424B5
Source: 0000921825-25-000095
Chunk: 34

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-08-21
Form: 424B5
Chunk 34
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,” “intend,” “anticipate,” “estimate,” “project,” “seek,” “target,” “potential,” “focus,” “may,” “will,” “should” or similar words. Although we believe the expectations reflected in forward- looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results will not materially differ.

Factors that could have a materially adverse effect on our operations and future prospects include, but are not limited to:

• changes in national, international, regional and local economic conditions generally and real estate markets specifically;

• changes in legislation/regulation (including changes to laws governing the taxation of real estate investment trusts) and actions of regulatory authorities;

• our ability to qualify and maintain our status as a real estate investment trust;

• the availability and attractiveness of financing (including both public and private capital) and changes in interest rates;

• the availability and attractiveness of terms of additional debt repurchases;

• our ability to retain our credit agency ratings;

• our ability to comply with applicable financial covenants;

• our competitive environment;

• changes in supply, demand and valuation of industrial properties and land in our current and potential market areas;

• our ability to identify, acquire, develop and/or manage properties on favorable terms;

• our ability to dispose of properties on favorable terms;

• our ability to manage the integration of properties we acquire;

• potential liability relating to environmental matters;

• defaults on or non-renewal of leases by our tenants;

• decreased rental rates or increased vacancy rates;

• higher-than-expected real estate construction costs and delays in development or lease-up schedules;

• the uncertainty and economic impact of pandemics, epidemics or other public health emergencies or fear of such events;

• risks associated with security breaches through cyber attacks, cyber intrusions or otherwise, as well as other significant disruptions of our information technology networks and related systems;

• potential natural disasters and other potentially catastrophic events such as acts of war and/or terrorism;

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• technological developments, particularly those affecting supply chains and logistics;

• litigation, including costs associated with prosecuting or defending claims and any adverse outcomes;

• risks associated with our investments in joint ventures, including our lack of sole decision-making authority; and

• other risks and uncertainties described in our Exchange Act reports and in our other public filings with the SEC.

We caution you not to place undue reliance on forward-looking statements, which reflect our outlook only and speak only as of the date of this prospectus.