• First Industrial Realty Trust average gross margin for 2023 was 73.18%, a 0.47% decline from 2022.
• First Industrial Realty Trust average gross margin for 2022 was 72.84%, a 0.05% increase from 2021.
• First Industrial Realty Trust average gross margin for 2021 was 72.8%, a 0.79% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.