First Industrial Realty Trust is a self-administered REIT that owns, manages, acquires, develops and redevelops industrial real estate properties across the United States, primarily in 15 strategic logistics markets selected for favorable industrial fundamentals, population growth and constrained land supply. The company generates revenue through long-term lease agreements with industrial tenants, typically structured as net leases where tenants bear maintenance responsibilities, and often include contractual rent escalations and expense pass-throughs. Growth is pursued through internal optimization strategies such as lease renewals at higher rates and improved occupancy, as well as external expansion via selective property acquisitions, development of new facilities and redevelopment of existing assets, supported by a decentralized property operations structure with regional management teams and a corporate headquarters overseeing acquisitions, development and financing.