First Industrial Realty Trust (FR) Proxy Filing summary

Executive summary

• Portfolio focused on distribution and logistics properties in 15 key U.S. logistics markets, with 97% of rental revenue from target markets and 57% from coastal markets.

• Achieved 11.7% NAREIT FFO/share growth and 7.1% cash same store NOI growth in 2025, with 94.4% year-end occupancy.

• No debt maturities prior to 2027; strong balance sheet with net debt to pro forma EBITDA at 4.6x and fixed charge coverage at 5.1x.

• Significant development pipeline with 16 MSF of developable land and over $2B total potential investment.

• Dividend per share grew at a 13% CAGR, aligned with projected AFFO growth.

Voting matters and shareholder proposals

• Proxy statement filed for the 2026 Annual Meeting, soliciting proxies for director nominees and other matters to be voted on.

• Shareholders encouraged to review proxy materials and vote using the WHITE proxy card.

Board of directors and corporate governance

• Corporate governance policies support growth, resilience, and risk management, with a diverse board.

• Information on director and executive officer interests available in the proxy statement.