First Industrial Realty Trust Enters Material Agreement
| Field | Detail |
|---|---|
| Company | First Industrial LP |
| Form Type | 8-K |
| Filed Date | Aug 21, 2025 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $800,000,000, $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
Related Tickers: FR
TL;DR
FR signed a big deal, details to come.
AI Summary
On August 21, 2025, FIRST INDUSTRIAL REALTY TRUST INC. (NYSE: FR) filed an 8-K to report the entry into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. Specific details of the agreement, including parties involved and financial terms, are not fully disclosed in the provided text.
Why It Matters
This filing indicates a significant new business development for First Industrial Realty Trust, potentially impacting its future operations and financial performance.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant financial implications, but the lack of specific details necessitates a medium risk assessment.
Key Players & Entities
- FIRST INDUSTRIAL REALTY TRUST INC. (company) — Filer
- FIRST INDUSTRIAL LP (company) — Filer
- 0000921825-25-000096 (filing_id) — Accession Number
- 20250821 (date) — Filing Date
FAQ
What is the nature of the material definitive agreement entered into by First Industrial Realty Trust?
The filing states that First Industrial Realty Trust entered into a material definitive agreement, but the specific details of this agreement are not provided in the excerpt.
When was this material definitive agreement filed?
The filing, an 8-K, was made on August 21, 2025.
What are the primary business addresses and phone numbers listed for First Industrial Realty Trust and First Industrial LP?
Both entities list their business address as 1 North Wacker Drive, Suite 4200, Chicago, IL 60606, with a business phone number of 312-344-4300.
What is the SEC Act and File Number associated with this filing?
The filing is made under the 1934 Act with SEC File Number 001-13102 for FIRST INDUSTRIAL REALTY TRUST INC. and 333-21873 for FIRST INDUSTRIAL LP.
What are the SIC codes and fiscal year ends for the listed entities?
Both FIRST INDUSTRIAL REALTY TRUST INC. and FIRST INDUSTRIAL LP have a Standard Industrial Classification (SIC) code of 6798 (Real Estate Investment Trusts) and a fiscal year end of 1231.
Filing Stats: 2,134 words · 9 min read · ~7 pages · Grade level 10 · Accepted 2025-08-21 16:25:48
Key Financial Figures
- $800,000,000 — ing in which the Company may sell up to $800,000,000 (the "Maximum Amount"), or a maximum of
- $0.01 — f the Company's common stock, par value $0.01 per share (the "Common Stock"), from ti
Filing Documents
- fr-20250821.htm (8-K) — 53KB
- fr-2025820xex51.htm (EX-5.1) — 18KB
- fr-2025820xex81.htm (EX-8.1) — 18KB
- fr-2025820xex101.htm (EX-10.1) — 652KB
- fr-2025820xex102.htm (EX-10.2) — 250KB
- baracklogo.jpg (GRAPHIC) — 5KB
- mcguirelogoa.jpg (GRAPHIC) — 10KB
- 0000921825-25-000096.txt ( ) — 1347KB
- fr-20250821.xsd (EX-101.SCH) — 3KB
- fr-20250821_def.xml (EX-101.DEF) — 14KB
- fr-20250821_lab.xml (EX-101.LAB) — 26KB
- fr-20250821_pre.xml (EX-101.PRE) — 15KB
- fr-20250821_htm.xml (XML) — 5KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement . On August 21, 2025, First Industrial Realty Trust, Inc., a Maryland corporation (the "Company"), entered into (a) ten (10) separate equity distribution agreements (individually, a "2025 Distribution Agreement" and, together, the "2025 Distribution Agreements") with First Industrial, L.P., a Delaware limited partnership and the Company's operating partnership (the "Operating Partnership"), and each of Wells Fargo Securities, LLC, BofA Securities, Inc., BTIG, LLC, Citigroup Global Markets Inc., Fifth Third Securities, Inc., Jefferies LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Regions Securities LLC and Samuel A. Ramirez & Company, Inc. and certain of their respective affiliates or agents, acting in their capacity as Sales Agents (as described below) and, in certain circumstances, as Forward Sellers (as described below), and Forward Purchasers (as described below) and (b) eight (8) separate Master Forward Confirmations (the "Master Forward Confirmations") with each of the Forward Purchasers. The Company refers to these entities, when acting in their capacity as sales agents, individually as a "Sales Agent" and collectively as "Sales Agents." The Company refers to certain of these entities, when acting as agents for Forward Purchasers, individually as a "Forward Seller" and collectively as "Forward Sellers." The 2025 Distribution Agreements and the Master Forward Confirmations were entered into in connection with the commencement of an equity offering in which the Company may sell up to $800,000,000 (the "Maximum Amount"), or a maximum of 16,000,000 shares (the "Shares"), of the Company's common stock, par value $0.01 per share (the "Common Stock"), from time to time in "at-the-market" offerings or certain other transactions, including through the sale of the Shares on a forward basis (the "Offering"). In the Offering, the Company may offer the Shares in amounts and at times to be determined by th
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed herewith: Exhibit No. Description 5.1 Opinion of McGuireWoods LLP, counsel to the Company, as to the legality of the securities being registered. 8.1 Opinion of Barack Ferrazzano Kirschbaum & Nagelberg LLP, counsel to the registrants, as to certain tax matters. 10.1 Equity Distribution Agreement among the Company, First Industrial, L.P., Wells Fargo Securities, LLC and Wells Fargo Bank, National Association dated August 21 , 2025 . 10.2 Form Master Forward Confirmation. 23.1 Consent of Barack Ferrazzano Kirschbaum & Nagelberg LLP (included in Exhibit 8.1 hereto). 23.2 Consent of McGuireWoods LLP (included in Exhibit 5.1 hereto). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST INDUSTRIAL REALTY TRUST, INC. By: /s/ JENNIFER MATTHEWS RICE Jennifer Matthews Rice General Counsel Date: August 21, 2025 FIRST INDUSTRIAL, L.P. By: FIRST INDUSTRIAL REALTY TRUST, INC. as general partner By: /s/ JENNIFER MATTHEWS RICE Jennifer Matthews Rice General Counsel Date: August 21, 2025