First Industrial Realty Trust (FR) Return on Invested Capital [ROIC] (2011 - 2026)
First Industrial Realty Trust (FR) recorded Return on Invested Capital [ROIC] of 8.16% in Q2 2026, up 1.14 percentage points from 7.02% a year earlier and up 0.43 percentage points from the prior quarter.
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Analysis
First Industrial Realty Trust (FR) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, First Industrial Realty Trust reported Return on Invested Capital [ROIC] of 5.79%, down 2.14 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of -1.44 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 7.93% in FY2024 (+0.82 pp), 7.10% in FY2023 (-0.79 pp), 7.89% in FY2022 (-1.09 pp) and 8.99% in FY2021 (+1.76 pp).
- The Q2 2026 figure is the highest quarterly Return on Invested Capital [ROIC] since Q3 2024.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in four of the last eight quarters, with an average year-over-year change of -0.33 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 2.11 percentage points in Q2 2023, against a drop of 3.08 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.73% (Q1 2026), 5.49% (Q4 2025) and 5.82% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 171.10 Bn | 153.62 Bn | 1.39 Bn | -12.60% |
| 2 | Prologis | 117.94 Bn | 117.38 Bn | - | 5.04% |
| 3 | Simon Property | 72.61 Bn | 69.67 Bn | - | 15.56% |
| 4 | Public Storage | 54.41 Bn | 53.50 Bn | - | 10.99% |
| 5 | Realty Income | 53.83 Bn | 54.44 Bn | - | 3.45% |
| 6 | Ventas | 44.52 Bn | 43.72 Bn | - | 3.16% |
| 7 | Extra Space Storage | 30.30 Bn | 30.09 Bn | 642.43 Mn | 4.87% |
| 8 | Vici Properties | 26.15 Bn | 24.27 Bn | 1.05 Bn | 7.84% |
| 9 | Vivmark Residential | 23.62 Bn | 23.59 Bn | - | 6.19% |
| 10 | First Industrial Realty Trust | 7.22 Bn | 7.12 Bn | - | 8.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.16% |
| Mar 31, 2026 | 7.73% |
| Dec 31, 2025 | 5.49% |
| Sep 30, 2025 | 5.82% |
| Jun 30, 2025 | 7.02% |
| Mar 31, 2025 | 7.28% |
| Dec 31, 2024 | 7.84% |
| Sep 30, 2024 | 8.48% |
| Jun 30, 2024 | 7.82% |
| Mar 31, 2024 | 7.95% |
| Dec 31, 2023 | 7.03% |
| Sep 30, 2023 | 7.02% |
| Jun 30, 2023 | 8.55% |
| Mar 31, 2023 | 7.47% |
| Dec 31, 2022 | 7.63% |
| Sep 30, 2022 | 8.67% |
| Jun 30, 2022 | 6.44% |
| Mar 31, 2022 | 7.72% |
| Dec 31, 2021 | 8.81% |
| Sep 30, 2021 | 6.76% |
API Access
First Industrial Realty Trust Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=FR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "FR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=FR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();