Company: FR
Filing Date: 2025-08-21
Form Type: 424B5
Source: 0000921825-25-000095
Chunk: 32

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-08-21
Form: 424B5
Chunk 32
---
 L.P. involves risks. See the “

#### Risk Factors

#### ” included on page

#### 5
of this prospectus, in our Annual Report on Form 10-K for the year ended December 31, 2024 and in the applicable prospectus supplement.

The common stock of First Industrial Realty Trust, Inc. is listed on the New York Stock Exchange under the symbol “FR.” The closing price of our common stock on the New York Stock Exchange was $48.57 on May 6,

2025. None of the other securities offered hereby are currently listed on a national securities exchange.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.

#### ______________

#### The date of this prospectus is May 7, 2025.

### TABLE OF CONTENTS
|                                                                         |     | Page |
| ABOUT THIS PROSPECTUS                                                   |     |    1 |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS                    |     |    2 |
| THE COMPANY AND THE OPERATING PARTNERSHIP                               |     |    4 |
| RISK FACTORS                                                            |     |    5 |
| USE OF PROCEEDS                                                         |     |    6 |
| DESCRIPTION OF COMMON STOCK                                             |     |    7 |
| DESCRIPTION OF PREFERRED STOCK                                          |     |    9 |
| DESCRIPTION OF DEPOSITARY SHARES                                        |     |   15 |
| DESCRIPTION OF DEBT SECURITIES AND RELATED GUARANTEES                   |     |   19 |
| CERTAIN PROVISIONS OF MARYLAND LAW AND THE COMPANY’S CHARTER AND BYLAWS |     |   30 |
| RESTRICTIONS ON TRANSFER OF CAPITAL STOCK                               |     |   34 |
| CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS                          |     |   35 |
| PLAN OF DISTRIBUTION                                                    |     |   56 |
| WHERE YOU CAN FIND MORE INFORMATION                                     |     |   59 |
| DOCUMENTS INCORPORATED BY REFERENCE                                     |     |   59 |
| EXPERTS                                                                 |     |   61 |
| LEGAL MATTERS                                                           |     |   61 |

### ABOUT THIS PROSPECTUS
This prospectus is part of a registration statement filed with the Securities and Exchange Commission (