FR (First Industrial Realty Trust) LT-Debt-to-Total-Asset: 0.45 (As of Mar. 2026)

What is First Industrial Realty Trust LT-Debt-to-Total-Asset?

First Industrial Realty Trust FR +0.70% 88 LT-Debt-to-Total-Asset is 0.45 as of Mar. 2026. GuruFocus rates FR with a GF Score™ of 88/100 and a GF Value™ of $61.94 (Fairly Valued). The stock has 8 warning signs investors should review.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. First Industrial Realty Trust's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.45.

First Industrial Realty Trust's long-term debt to total assets ratio increased from Mar. 2025 (0.44) to Mar. 2026 (0.45). It may suggest that First Industrial Realty Trust is progressively becoming more dependent on debt to grow their business.

First Industrial Realty Trust (NYSE:FR) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

First Industrial Realty Trust LT-Debt-to-Total-Asset Related Terms

First Industrial Realty Trust LT-Debt-to-Total-Asset Historical Data

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The historical data trend for First Industrial Realty Trust's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

First Industrial Realty Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

LT-Debt-to-Total-Asset

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0.37

0.39

0.38

0.37

0.42

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.44	0.44	0.44	0.42	0.45

88GF Score

First Industrial Realty Trust Inc FR

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First Industrial Realty Trust LT-Debt-to-Total-Asset Calculation

First Industrial Realty Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	2389.846	/	5688.081
	=	0.42

First Industrial Realty Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	2584.365	/	5772.37
	=	0.45

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.45 mean?

First Industrial Realty Trust (FR) has a LT-Debt-to-Total-Asset of 0.45 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on First Industrial Realty Trust and its competitors.

Is First Industrial Realty Trust's LT-Debt-to-Total-Asset too high?

First Industrial Realty Trust's current LT-Debt-to-Total-Asset is 0.45. 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 LT-Debt-to-Total-Asset compare to REXR and CUBE?

First Industrial Realty Trust's LT-Debt-to-Total-Asset of 0.45 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for a REITs company?

A good LT-Debt-to-Total-Asset depends on the REITs industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on First Industrial Realty Trust and its competitors. First Industrial Realty Trust's current LT-Debt-to-Total-Asset is 0.45. 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 (FR) is currently considered Fairly Valued. The stock's GF Value™ is $61.94, compared to a current price of $63.58 — trading 2.6% above its estimated fair value. The current LT-Debt-to-Total-Asset is 0.45. 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 LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For First Industrial Realty Trust (FR), the current LT-Debt-to-Total-Asset is 0.45 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 (FR) Overvalued in 2026?

Based on GuruFocus' analysis, First Industrial Realty Trust stock appears to be overvalued. The current stock price of $63.58 is trading 2.6% above its estimated GF Value™ of $61.94. GuruFocus considers First Industrial Realty Trust to be Fairly Valued.

Key valuation signals for FR:

LT-Debt-to-Total-Asset: 0.45
GF Value™: $61.94 vs. price of $63.58 (2.6% above fair value)
GF Score™: 88/100 with 8 warning signs

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

First Industrial Realty Trust Business Description

Industry Real Estate REITs

Comparable Companies REXR CUBE STAG TRNO LINE EGP COLD NSA LXP SMA PLD PSA EXR LSE:SGRO SGX:A17U MEX:FIBRAPL14 XBRU:WDP LSE:LMP LSE:BBOX SGX:M44U

Other Exchanges F5W:Germany

Address One North Wacker Drive, Suite 4200, Chicago, IL, USA, 60606

Website https://www.firstindustrial.com

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

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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$63.58

Price

$61.94

GF Value

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