Company: FR
Filing Date: 2025-08-21
Form Type: 424B5
Source: 0000921825-25-000095
Chunk: 6

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-08-21
Form: 424B5
Chunk 6
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 at the Company’s option, one share of the Company’s common stock, subject to adjustments. Upon each exchange, the number of General Partner Units held by the Company, and its ownership percentage of the Operating Partnership, increase. We utilize an operating approach which combines the effectiveness of decentralized, locally based property management, acquisition, sales and development functions with the cost efficiencies of centralized acquisition, sales and development support, capital markets expertise, asset management and fiscal control systems. The Company, a Maryland corporation organized on August 10, 1993, completed its initial public offering in June 1994. The Operating Partnership is a Delaware limited partnership organized on November 23, 1993. Our principal executive offices are located at One North Wacker Drive, Suite 4200, Chicago, Illinois 60606, telephone number (312) 344-4300. Our website is located at http://www.firstindustrial.com. The information on or linked to our website is not a part of, and is not incorporated by reference into, this prospectus supplement. The Offering

| Issuer                                          |     | First Industrial Realty Trust, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Common stock offered by us                      |     | Shares of our common stock with an aggregate offering price of up to $800,000,000.1The shares of our common stock offered pursuant to this prospectus supplement and the accompanying prospectus include newly issued shares that may be offered and sold by us to or through the Sales Agents, acting as our sales agents or as principal, and borrowed shares of our common stock that may be offered and sold by the Forward Purchasers through their respective Forward Sellers. |
| Common stock outstanding prior to the offering2 |     | 132,422,260 shares outstanding as of August 20, 2025                                                                                                                                                                                                                                                                                                                                                                                                                                 |

1 We will not issue more than 16,000,000 shares of common stock pursuant to the distribution agreements. 2 This number does not include: • An aggregate of 4,804,278 shares of common stock that may be issued in exchange for Limited Partnership Units outstanding (of which 1,417,705 were issued as long term incentive units and have not yet vested) on such date (common Limited Partnership Units may be exchanged for cash or, at our option, one share of the Company’s common stock, subject to adjustment); or • An aggregate of 3,112,385 additional shares of our common stock available for future issuance under our 2014 Stock Incentive Plan