Company: FR
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118941
Chunk: 141

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-05-13
Form: 424B5
Chunk 141
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 Affecting Tax Consequences

You should recognize that future legislative, judicial and administrative actions or decisions, which may be retroactive in effect, could
adversely affect our U.S. federal income tax treatment or the tax consequences of an investment in shares of our stock. The rules dealing with U.S. federal income taxation are continually under review by persons involved in the legislative process
and by the IRS and the U.S. Treasury Department, resulting in statutory changes as well as promulgation of new, or revisions to existing, regulations and revised interpretations of established concepts. We cannot predict the likelihood of passage of
any new tax legislation or other provisions, either directly or indirectly, affecting us or our holders or the value of an investment in our stock or the Operating Partnership’s debt securities. Changes to the U.S. federal tax laws and
interpretations thereof could adversely affect an investment in our stock or the Operating Partnership’s debt securities.

55

PLAN OF DISTRIBUTION The Company and/or the Operating Partnership may sell offered securities in any one or more of the following ways from time to time:

| • |     | through agents; |

| • |     | to or through underwriters; |

| • |     | through dealers; |

| • |     | directly to purchasers; or |

| • |     | through a combination of these methods of sale. |

The prospectus supplement relating to the offered securities will set forth the terms of the offering and of the offered securities, including:

| • |     | the name or names of any underwriters, dealers or agents; |

| • |     | the purchase price of the offered securities and the proceeds to the Company and/or the Operating Partnership 
 from such sale;                                                                                               |

| • |     | any underwriting discounts and commission or agency fees and other items constituting underwriters’ or 
 agents’ compensation;                                                                                  |

| • |     | any initial public offering price; and |

| • |     | any discounts or concessions allowed or reallowed or paid to dealers and any securities exchange on which such 
 offered securities may be listed.                                                                              |

Any initial public offering price, discounts or concessions allowed or reallowed or paid to dealers may be changed from time to time. The distribution of the offered securities may be effected from time to time in one or more transactions:

| • |     | at a fixed price or prices, which may be changed; |

| • |     | at market prices prevailing at the time of sale; |

| • |     | at