Peter E. Baccile has been the CEO of First Industrial Realty Trust since December 1, 2016. With over 30 years of experience in management and real estate, he previously held significant roles at UBS and J.P. Morgan, leading major real...
Peter E. Baccile has been the CEO of First Industrial Realty Trust since December 1, 2016. With over 30 years of experience in management and real estate, he previously held significant roles at UBS and J.P. Morgan, leading major real estate investment banking teams. Under his leadership, the company focuses on industrial real estate development and management, thriving in a competitive market. In 2023, his compensation totaled over $6.4 million, with most coming from performance-based bonuses. Baccile's career has been marked by his deep understanding of capital markets, having overseen transactions worth over $250 billion during his time at J.P. Morgan. His approach to leadership aligns with the company’s performance metrics aimed at boosting value for shareholders. Interestingly, his personal investment in company stock fluctuated greatly, reaching up to $9.84 million at its peak in late 2021 before adjusting to around $6.81 million in late 2023, showing both commitment and the volatility of investment in real estate. Overall, his strategic insights have been instrumental in navigating the firm's growth in the real estate sector.