First Industrial Realty Trust (FR) Proxy filing summary

Executive summary

• Land & Buildings withdrew its director nominee, Jonathan Litt, ahead of the 2026 Annual Meeting scheduled for April 30, 2026.

• The board highlighted superior total shareholder returns over one, three, and five years compared to proxy and industrial peers.

• A new independent director, Frank E. Schmitz, will join the board effective June 1, 2026.

• A $250 million share repurchase was authorized, reflecting confidence in future prospects and commitment to shareholder value.

• The company owns and develops approximately 71.6 million square feet of industrial space across 15 target MSAs as of December 31, 2025.

Voting matters and shareholder proposals

• Shareholders are urged to vote for all board nominees at the 2026 Annual Meeting.

• The proxy statement and related materials will be filed and mailed to shareholders entitled to vote.

Board of directors and corporate governance

• The board is focused on maintaining a balance of expertise, continuity, and perspective.

• Frank E. Schmitz, an independent and highly qualified director, will join the board in June 2026.

• The board and management emphasize constructive engagement with shareholders.