• First Industrial Realty Trust average operating margin for 2023 was 39.76%, a 3.46% increase from 2022.
• First Industrial Realty Trust average operating margin for 2022 was 38.43%, a 2.92% increase from 2021.
• First Industrial Realty Trust average operating margin for 2021 was 37.34%, a 0.48% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.