First Industrial Realty Trust (BSP:F2RT34) EBITDA Margin %: 121.52% (As of Mar. 2026) — 42% Above Median


BSP:F2RT34 First Industrial Realty Trust Inc BSP:F2RT34
88 GF Score
Price R$40.56
GF Value R$39.51
Valuation Fairly Valued
! 8 Warning Signs
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What is First Industrial Realty Trust EBITDA Margin %?

First Industrial Realty Trust BSP:F2RT34 88 EBITDA Margin % is 121.52% as of Mar. 2026, which is 42% above its 10-year median of 85.31. GuruFocus rates BSP:F2RT34 with a GF Score™ of 88/100 and a GF Value™ of R$39.51 (Fairly Valued). The stock has 8 warning signs investors should review. Among 750 REITs companies, First Industrial Realty Trust ranks better than 68.13% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. First Industrial Realty Trust's EBITDA for the three months ended in Mar. 2026 was R$1,238 Mil. First Industrial Realty Trust's Revenue for the three months ended in Mar. 2026 was R$1,019 Mil. Therefore, First Industrial Realty Trust's EBITDA margin for the quarter that ended in Mar. 2026 was 121.52%.


First Industrial Realty Trust  (BSP:F2RT34) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


First Industrial Realty Trust EBITDA Margin % Related Terms


First Industrial Realty Trust EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for First Industrial Realty Trust's EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Industrial Realty Trust EBITDA Margin % Chart

First Industrial Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.71 91.01 81.62 83.18 72.16

First Industrial Realty Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.66 69.94 74.21 72.06 121.52

BSP:F2RT34 vs REXR, CUBE, STAG: EBITDA Margin % Comparison

For the REIT - Industrial subindustry, First Industrial Realty Trust's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Industrial Realty Trust EBITDA Margin % vs REITs Industry

For the REITs industry and Real Estate sector, First Industrial Realty Trust's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where First Industrial Realty Trust's EBITDA Margin % falls into.


BSP:F2RT34
88GF Score
First Industrial Realty Trust Inc BSP:F2RT34
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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First Industrial Realty Trust EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

First Industrial Realty Trust's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2862.398/3966.709
=72.16 %

First Industrial Realty Trust's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1238.144/1018.867
=121.52 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 121.52% mean?
First Industrial Realty Trust (BSP:F2RT34) has a EBITDA Margin % of 121.52% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on First Industrial Realty Trust and its competitors. This is 42% above median its historical median of 85.31. Over the past decade, First Industrial Realty Trust's EBITDA Margin % has ranged from 72.16 to 98.39. According to the industry distribution chart, First Industrial Realty Trust ranks #239 out of 750 companies in the REITs industry, placing it in the top 31.9%.
Is First Industrial Realty Trust's EBITDA Margin % too high?
First Industrial Realty Trust's current EBITDA Margin % of 121.52% is 42% above median its 10-year median of 85.31. Over the past 10 years, this metric has ranged from a low of 72.16 to a high of 98.39. The REITs industry median EBITDA Margin % is 69.79. First Industrial Realty Trust's value of 121.52% is 74.1% above this industry median. Based on the distribution chart, First Industrial Realty Trust ranks #239 out of 750 companies in the REITs industry, which is above the industry midpoint. Overall, First Industrial Realty Trust has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Industrial Realty Trust's EBITDA Margin % compare to REXR and CUBE?
According to the REITs industry distribution chart, First Industrial Realty Trust ranks #239 out of 750 companies for EBITDA Margin %. This puts First Industrial Realty Trust in the upper half of its industry. The industry median EBITDA Margin % is 69.79. First Industrial Realty Trust's value of 121.52% is 74.1% above this benchmark. Historically, First Industrial Realty Trust's own EBITDA Margin % has ranged from 72.16 to 98.39 over the past decade. While the company's 10-year median is 85.31 vs. the industry median of 69.79, First Industrial Realty Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a REITs company?
The median EBITDA Margin % among REITs companies is 69.79, based on 750 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Industrial Realty Trust's current EBITDA Margin % of 121.52% is 74.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on First Industrial Realty Trust and its competitors. For the REITs industry, the median EBITDA Margin % is 69.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Industrial Realty Trust's current EBITDA Margin % is 121.52%, which is 42% above median its own 10-year median of 85.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Industrial Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, First Industrial Realty Trust (BSP:F2RT34) is currently considered Fairly Valued. The stock's GF Value™ is R$39.51, compared to a current price of R$40.56 — trading 2.7% above its estimated fair value. The current EBITDA Margin % is 121.52%, which is 42% above median its 10-year median of 85.31 and 74.1% above the REITs industry median of 69.79. First Industrial Realty Trust's overall GF Score™ is 88/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For First Industrial Realty Trust (BSP:F2RT34), the current EBITDA Margin % is 121.52% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Industrial Realty Trust (BSP:F2RT34) Overvalued in 2026?

Based on GuruFocus' analysis, First Industrial Realty Trust stock appears to be overvalued. The current stock price of R$40.56 is trading 2.7% above its estimated GF Value™ of R$39.51. GuruFocus considers First Industrial Realty Trust to be Fairly Valued.

Key valuation signals for BSP:F2RT34:

  • EBITDA Margin %: 121.52% (42% above median its 10-year median of 85.31)
  • GF Value™: R$39.51 vs. price of R$40.56 (2.7% above fair value)
  • GF Score™: 88/100 with 8 warning signs
  • Industry Position: 74.1% above the REITs median (#239 of 750)

No single metric tells the full story. See the BSP:F2RT34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Industrial Realty Trust Business Description

Industry Real EstateREITs
Other Exchanges FR:USAF5W:Germany
Address One North Wacker Drive, Suite 4200, Chicago, IL, USA, 60606
First Industrial Realty Trust Inc is a real estate investment trust that owns, manages, acquires, sells, develops, and redevelops industrial real estate. Through its fully integrated operating and investing platform, the company provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. The company serves a diverse tenant base across various sectors, including e-commerce, logistics, transportation, manufacturing, retail, consumer services, food and beverage, building materials, wholesale goods, health services, and government.
88GF Score

Get the complete analysis for BSP:F2RT34

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$40.56
Price
R$39.51
GF Value