First Industrial Realty Trust (BSP:F2RT34) Total Operating Expense: R$1,300 Mil (TTM As of Mar. 2026)


BSP:F2RT34 First Industrial Realty Trust Inc BSP:F2RT34
18 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 Total Operating Expense?

First Industrial Realty Trust BSP:F2RT34 18 Total Operating Expense is R$1,300 Mil as of Mar. 2026. GuruFocus rates BSP:F2RT34 with a GF Score™ of 18/100 and a GF Value™ of R$39.51 (Fairly Valued). The stock has 8 warning signs investors should review.

First Industrial Realty Trust's Total Operating Expense for the three months ended in Mar. 2026 was R$382 Mil. First Industrial Realty Trust's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was R$1,300 Mil.

First Industrial Realty Trust Total Operating Expense Related Terms

First Industrial Realty Trust Total Operating Expense Historical Data

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The historical data trend for First Industrial Realty Trust's Total Operating Expense 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 Total Operating Expense Chart

First Industrial Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 936.24 956.24 998.28 1,308.07 1,243.30

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
Total Operating Expense 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 343.48 308.57 291.21 318.06 381.98
BSP:F2RT34
18GF Score
First Industrial Realty Trust Inc BSP:F2RT34
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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First Industrial Realty Trust Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$1,300 Mil.

* 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.

What does a Total Operating Expense of R$1,300 Mil mean?
First Industrial Realty Trust (BSP:F2RT34) has a Total Operating Expense of R$1,300 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on First Industrial Realty Trust and its competitors.
Is First Industrial Realty Trust's Total Operating Expense too high?
First Industrial Realty Trust's current Total Operating Expense is R$1,300 Mil. Overall, First Industrial Realty Trust has a GF Score™ of 18/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Industrial Realty Trust's Total Operating Expense compare to REXR and CUBE?
First Industrial Realty Trust's Total Operating Expense of R$1,300 Mil 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 Total Operating Expense for a REITs company?
A good Total Operating Expense depends on the REITs industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on First Industrial Realty Trust and its competitors. First Industrial Realty Trust's current Total Operating Expense is R$1,300 Mil. 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 Total Operating Expense is R$1,300 Mil. First Industrial Realty Trust's overall GF Score™ is 18/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For First Industrial Realty Trust (BSP:F2RT34), the current Total Operating Expense is R$1,300 Mil 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:

  • Total Operating Expense: R$1,300 Mil
  • GF Value™: R$39.51 vs. price of R$40.56 (2.7% above fair value)
  • GF Score™: 18/100 with 8 warning signs

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.
18GF Score

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Total Operating Expense 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