First Industrial Realty Trust, Inc. (NYSE: FR) is a U.S.-focused real estate investment trust (REIT) that owns, operates, develops, and acquires logistics and industrial properties. As of September 30, 2025, the company’s portfolio included 417 properties totaling approximately 69.5 million square feet of gross leasable area (GLA), with an additional 935,574 square feet under construction. The company’s holdings are concentrated in key logistics hubs, with significant exposure in Southern California, Central/Eastern Pennsylvania, Dallas/Fort Worth, and Phoenix. Approximately 58% of the portfolio is located in coastal markets, and 97% is in the company’s designated target markets. The tenant base is diversified, with the 20 largest tenants accounting for 26.3% of annualized net rent and occupying 28.5% of the total GLA. Amazon.com Services is the largest tenant, representing 5.9% of annualized rent and occupying over 4.2 million square feet. The company's portfolio serves 869 tenants in total across 15 major North American industrial markets.