• First Industrial Realty Trust average debt/equity ratio for 2023 was 0.84, a 5% decline from 2022.
• First Industrial Realty Trust average debt/equity ratio for 2022 was 0.8, a 2.56% increase from 2021.
• First Industrial Realty Trust average debt/equity ratio for 2021 was 0.78, a 11.36% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.