First Industrial Realty Trust, Inc.
US ˙ NYSE ˙ US32054K1034

SecurityFR / First Industrial Realty Trust, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership2,103,220 shares
Latest Disclosed Value $ 121,671,401
Morgan Stanley reports 3.71% decrease in ownership of FR / First Industrial Realty Trust, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 2,103,220 shares of First Industrial Realty Trust, Inc. (US:FR) valued at $121,671,277 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 2,184,198 shares of First Industrial Realty Trust, Inc.. This represents a change in shares of -3.71% during the quarter. The current value of the position is $129,726,610 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F FIRST INDL RLTY TR COM 32054K103 2,103,220 -80,978 -3.71 121,671 -2.73 0.0073
2026-05-27 2025-12-31 13F/A-1 FIRST INDL RLTY TR COM 32054K103 2,184,198 -396,559 -15.37 125,089 -5.83 0.0075
2026-02-13 2025-12-31 13F FIRST INDL RLTY TR COM 32054K103 2,184,198 -396,559 125,089 0.0075
2026-05-27 2025-09-30 13F/A-1 FIRST INDL RLTY TR COM 32054K103 2,580,757 -196,401 -7.07 132,832 -0.62 0.0080
2025-11-14 2025-09-30 13F FIRST INDL RLTY TR COM 32054K103 2,580,757 -196,401 132,832 0.0080
2025-08-15 2025-06-30 13F FIRST INDL RLTY TR COM 32054K103 2,777,158 136,698 5.18 133,665 -6.19 0.0087
2025-05-15 2025-03-31 13F FIRST INDL RLTY TR COM 32054K103 2,640,460 131,034 5.22 142,479 13.26 0.0102
2025-05-15 2024-12-31 13F/A-1 FIRST INDL RLTY TR COM 32054K103 2,509,426 12,562 0.50 125,798 -10.00 0.0088
2025-02-14 2024-12-31 13F FIRST INDL RLTY TR COM 32054K103 2,509,426 12,562 125,798 0.0088
2025-05-14 2024-09-30 13F/A-2 FIRST INDL RLTY TR COM 32054K103 2,496,864 352,840 16.46 139,775 37.22 0.0101
2025-02-14 2024-09-30 13F/A-1 FIRST INDL RLTY TR COM 32054K103 2,496,864 352,840 139,775 0.0101
2024-11-14 2024-09-30 13F FIRST INDL RLTY TR COM 32054K103 2,496,864 352,840 139,775 0.0012
2025-05-14 2024-06-30 13F/A-2 FIRST INDL RLTY TR COM 32054K103 2,144,024 85,951 4.18 101,863 -5.80 0.0079
2024-10-17 2024-06-30 13F/A-1 FIRST INDL RLTY TR COM 32054K103 2,144,024 85,951 101,863 0.0079
2024-08-14 2024-06-30 13F FIRST INDL RLTY TR COM 32054K103 2,144,024 85,951 101,863 0.0079
2024-10-17 2024-03-31 13F/A-2 FIRST INDL RLTY TR COM 32054K103 2,058,073 137,003 7.13 108,131 6.87 0.0087
2024-08-16 2024-03-31 13F/A-1 FIRST INDL RLTY TR COM 32054K103 2,058,073 137,003 108,131 0.0010
2024-05-15 2024-03-31 13F FIRST INDL RLTY TR COM 32054K103 2,058,073 137,003 108,131 0.0087
2024-08-16 2023-12-31 13F/A-1 FIRST INDL RLTY TR COM 32054K103 1,921,070 -251,629 -11.58 101,183 -2.14 0.0089
2024-02-13 2023-12-31 13F FIRST INDL RLTY TR COM 32054K103 1,921,070 -251,629 101,183 0.0089
2023-11-15 2023-09-30 13F FIRST INDL RLTY TR COM 32054K103 2,172,699 302,981 16.20 103,399 5.06 0.0105
2023-08-14 2023-06-30 13F FIRST INDL RLTY TR COM 32054K103 1,869,718 -419,286 -18.32 98,422 -19.18 0.0097
2023-05-15 2023-03-31 13F FIRST INDL RLTY TR COM 32054K103 2,289,004 801,938 53.93 121,775 69.69 0.0131
2023-02-14 2022-12-31 13F FIRST INDL RLTY TR COM 32054K103 1,487,066 440,208 42.05 71,766 52.98 0.0082
2022-11-14 2022-09-30 13F FIRST INDL RLTY TR COM 32054K103 1,046,858 20,495 2.00 46,910 -3.74 0.0064
2022-10-27 2022-06-30 13F/A-1 FIRST INDL RLTY TR COM 32054K103 1,026,363 534,764 108.78 48,731 60.11 0.0063
2022-08-15 2022-06-30 13F FIRST INDL RLTY TR COM 32054K103 1,026,363 534,764 48,731 0.0013
2022-10-27 2022-03-31 13F/A-1 FIRST INDL RLTY TR COM 32054K103 491,599 16,255 3.42 30,435 -3.28 0.0041
2022-05-13 2022-03-31 13F FIRST INDL RLTY TR COM 32054K103 491,599 16,255 30,435 0.0041
2022-02-14 2021-12-31 13F FIRST INDL RLTY TR COM 32054K103 475,344 43,456 10.06 31,468 39.91 0.0039
2021-11-15 2021-09-30 13F FIRST INDL RLTY TR COM 32054K103 431,888 73,076 20.37 22,492 20.02 0.0030
2021-08-23 2021-06-30 13F/A-1 FIRST INDL RLTY TR COM 32054K103 358,812 213,252 146.50 18,740 181.13 0.0025
2021-08-16 2021-06-30 13F FIRST INDL RLTY TR COM 32054K103 358,812 213,252 18,740 0.0005
2021-05-17 2021-03-31 13F FIRST INDL RLTY TR COM 32054K103 145,560 -363,434 -71.40 6,666 -68.91 0.0010
2021-02-16 2020-12-31 13F FIRST INDL RLTY TR COM 32054K103 508,994 152,691 42.85 21,444 51.22 0.0033
2020-11-13 2020-09-30 13F FIRST INDL RLTY TR COM 32054K103 356,303 265,228 291.22 14,181 305.06 0.0027
2020-08-14 2020-06-30 13F FIRST INDL RLTY TR COM 32054K103 91,075 -95,107 -51.08 3,501 -43.41 0.0008
2020-05-26 2020-03-31 13F/A-1 FIRST INDL RLTY TR COM 32054K103 186,182 -220,681 -54.24 6,187 -63.36 0.0017
2020-05-15 2020-03-31 13F FIRST INDL RLTY TR COM 32054K103 186,182 -220,681 6,187 475.2906
2020-02-14 2019-12-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 406,863 214,567 111.58 16,888 121.98 0.0039
2019-11-14 2019-09-30 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 192,296 -109,421 -36.27 7,608 -31.37 0.0020
2019-08-14 2019-06-30 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 301,717 125,853 71.56 11,085 78.27 0.0030
2019-05-15 2019-03-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 175,864 -432,696 -71.10 6,218 -64.59 0.0018
2019-02-14 2018-12-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 608,560 28,429 4.90 17,562 -3.58 0.0053
2019-04-23 2018-09-30 13F/A-2 FIRST INDUSTRIAL REALTY TRUS COM 32054K103 580,131 49,248 9.28 18,215 2.91 0.0046
2018-11-20 2018-09-30 13F/A-1 FIRST INDUSTRIAL REALTY TRUS COM 32054K103 580,131 0 18,215 0.0046
2018-11-14 2018-09-30 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 580,131 49,248 18,215
2019-04-23 2018-06-30 13F/A-1 FIRST INDUSTRIAL REALTY TRUS COM 32054K103 530,883 -89,442 -14.42 17,700 -2.39 0.0048
2018-08-14 2018-06-30 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 530,883 -89,442 17,700
2019-04-23 2018-03-31 13F/A-1 FIRST INDUSTRIAL REALTY TRUS COM 32054K103 620,325 -189,840 -23.43 18,133 -28.88 0.0050
2018-05-14 2018-03-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 620,325 -189,840 18,133
2019-04-23 2017-12-31 13F/A-1 FIRST INDUSTRIAL REALTY TRUS COM 32054K103 810,165 286,843 54.81 25,496 61.91 0.0070
2018-02-14 2017-12-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 810,165 286,843 25,496
2017-11-14 2017-09-30 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 523,322 93,142 21.65 15,747 27.90 0.0047
2017-08-11 2017-06-30 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 430,180 -50,604 -10.53 12,312 -3.84 0.0037
2017-05-22 2017-03-31 13F/A-1 FIRST INDUSTRIAL REALTY TRUS COM 32054K103 480,784 -51,060 -9.60 12,804 -14.17 0.0039
2017-05-12 2017-03-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 480,784 12,804
2017-02-22 2016-12-31 13F/A-1 FIRST INDUSTRIAL REALTY TRUS COM 32054K103 531,844 383,626 258.83 14,918 256.72 0.0049
2017-02-13 2016-12-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 531,844 14,918
2016-11-10 2016-09-30 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 148,218 42,215 39.82 4,182 41.81 0.0014
2016-08-12 2016-06-30 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 106,003 -768,381 -87.88 2,949 -85.17 0.0011
2016-05-12 2016-03-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 874,384 785,938 888.61 19,884 915.53 0.0077
2016-02-09 2015-12-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 88,446 2,223 2.58 1,958 8.42 0.0007
2016-02-08 2015-09-30 13F/A-1 FIRST INDUSTRIAL REALTY TRUS COM 32054K103 86,223 -59,735 -40.93 1,806 -33.92 0.0007
2015-11-09 2015-09-30 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 86,223 1,806
2015-08-12 2015-06-30 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 145,958 80,456 122.83 2,733 94.80 0.0009
2015-05-14 2015-03-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 65,502 -1,435 -2.14 1,403 2.04 0.0005
2015-02-13 2014-12-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 66,937 -2,997 -4.29 1,375 16.33 0.0005
2014-12-16 2014-09-30 13F/A-1 FIRST INDUSTRIAL REALTY TRUS COM 32054K103 69,934 -5,877 -7.75 1,182 -19.26 0.0005
2014-11-14 2014-09-30 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 69,934 1,182
2014-05-13 2014-03-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 75,811 1,223 1.64 1,464 12.53 0.0006
2014-02-13 2013-12-31 13F FIRST INDUSTRIAL REALTY TRUS COM 32054K103 74,588 18,732 33.54 1,301 43.12 0.0006
2013-11-13 2013-09-30 13F FIRST INDUSTRIAL REALTY TRU COM 32054K103 55,856 -72,332 -56.43 909 -53.26 0.0004
2013-08-08 2013-06-30 13F FIRST INDUSTRIAL REALTY TRU COM 32054K103 128,188 128,188 1,945 0.0010
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.