Company: FR
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118941
Chunk: 7

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-05-13
Form: 424B5
Chunk 7
---
 right of payment with all of its |

S-5

| other existing and future senior unsecured indebtedness. The notes will be effectively subordinated in right of payment to: |

| • |     | all of the Operating Partnership’s existing and future mortgage indebtedness and other secured indebtedness 
 (to the extent of the value of the collateral securing such indebtedness);                                  |

| • |     | all existing and future indebtedness and other liabilities, whether secured or unsecured, of the Operating                     
 Partnership’s subsidiaries and of any entity the Operating Partnership accounts for using the equity method of accounting; and |

| • |     | all existing and future preferred equity not owned by the Operating Partnership, if any, in the Operating                  
 Partnership’s subsidiaries and in any entity the Operating Partnership accounts for using the equity method of accounting. |

| Guarantee | The notes will be fully and unconditionally guaranteed by the Company. The Company guarantee will be a senior unsecured obligation of the Company and will rank equally in right of payment with all of its other existing and future senior 
 unsecured indebtedness and senior unsecured guarantees. The Company’s guarantee of the notes will be effectively subordinated in right of payment to:                                                                                        |

| • |     | all existing and future secured indebtedness and secured guarantees of the Company (to the extent of the value of 
 the collateral securing such indebtedness and guarantees);                                                        |

| • |     | all existing and future indebtedness and other liabilities, whether secured or unsecured, of the Company’s                               
 subsidiaries (including the Operating Partnership) and of any entity the Company accounts for using the equity method of accounting; and |

| • |     | all existing and future preferred equity not owned by the Company in the Company’s subsidiaries (including   
 the Operating Partnership) and in any entity the Company accounts for using the equity method of accounting. |

| The Company has no material assets other than its investment in the Operating Partnership. |

| Certain Covenants | The indenture that will govern the notes will contain certain covenants that, among other things, limit the Operating Partnership, the Company and their subsidiaries’ ability to: |

| • |     | consummate a merger, consolidation or sale of all or substantially all of their assets; and |

| • |     | incur secured and unsecured indebtedness. |

| These covenants are subject to a number of important exceptions and qualifications. For additional information, see “Description of Notes—Certain covenants.” |

S-6

| Absence