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.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other First Industrial Realty Trust CEOs

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Peter E. Baccile

CEO of First Industrial Realty Trust

Field of Expertise

Business & Management

Sector of Economy

Real Estate

CEO of First Industrial Realty Trust for

8 years 4 months (Dec 2016 - Present)

Previous Experience

Joint Global Head of the Real Estate, Lodging and Leisure Group at UBS Securities, LLC, and various senior leadership roles at J.P. Morgan.

Rivals

Competitors/colleagues of Peter E. Baccile

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Jerry A. Davis

CEO of UDR

2023 Compensation

Stock

$9.13M

Salary

$950.00K

Bonus

$0.00

Other

$199.43K

Total Holdings

$7.02M

E

Marshall A. Loeb

CEO of EastGroup Properties

2022 Compensation

Stock

$2.96M

Salary

$745.00K

Bonus

$0.00

Other

$337.65K

Total Holdings

$25.88M

A

Timothy J. Naughton

CEO of AvalonBay Communities

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$560.45K

Total Holdings

$36.54M

P

Hamid R. Moghadam

CEO of Prologis

2023 Compensation

Stock

$41.06M

Salary

$1.00

Bonus

$1.91M

Other

$12.00K

Total Holdings

$125.21M

T

W. Blake Baird

Founder and CEO of Terreno Realty

2020 Compensation

Stock

$7.60M

Salary

$800.00K

Bonus

$0.00

Other

$8.55K

Total Holdings

$54.93M

Holdings

See how much did Peter E. Baccile make over time.

Peter Baccile’s insider trading activity showed some impressive movement over the years. His holdings peaked in early 2021, when their value hit around $9.84 million, reflecting a strong belief in the company’s direction at the time. However, this value saw...

Peter Baccile’s insider trading activity showed some impressive movement over the years. His holdings peaked in early 2021, when their value hit around $9.84 million, reflecting a strong belief in the company’s direction at the time. However, this value saw gradual adjustments over the following years, dipping to about $6.81 million by late 2023. This fluctuation illustrates the highs and lows of real estate investments and the strategic maneuvers he makes in alignment with company performance and market conditions. It’s important to note that during this journey, he focused on aligning his interests with those of shareholders, which is a key principle in his leadership approach. The ability to pivot and adapt has kept his investment robust, even in changing market landscapes.

Mar 18, 2025

F

shares

FR @ $55.16

Insider Trading

See recent insider trades of Peter E. Baccile.

FR

52,395 shares

FR

Feb 13, 2018

Received

FR

10,992 shares

FR

Feb 14, 2017

Received

Compensation History

See how much did Peter E. Baccile make over time.

In 2023, Peter Baccile earned a total compensation of about $6.4 million, a significant portion of which was derived from performance-based bonuses. His salary was $836,000, but he also received about $1.83 million in bonuses, reflecting his achievements against set performance goals. Notably, he had no vested stock awards for that year, as all his value came through incentives linked directly to the company’s performance. The structure of his compensation emphasizes rewarding success and results driven strategies. His past earnings also illustrate a consistent pattern where bonuses played a crucial role in his total income, especially as he navigated a landscape that demands both operational excellence and strategic foresight. Through these earnings, he ensures that his goals align with stockholder interests, which strengthens the company’s overall performance and reputation in the real estate market.

Year

2023

Total Compensation

$2.70M

Salary

$836.00K

Board Justification

The compensation philosophy aims to attract and retain talented executives while linking compensation to performance metrics that enhance stockholder value.

Bonus

$1.83M

Board Justification

Annual cash performance bonuses under the 2023 Employee Bonus Plan based on the achievement of performance goals established by the Compensation Committee.

Other

$31.04K

Board Justification

Includes car allowance, insurance premiums, and 401(k) matching contributions.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock vested in 2023 as only performance-based and time-based awards are reported, and no specific vested stock was mentioned for 2023.

Performance Metrics

Key performance metrics include FFO per diluted share/unit, same store NOI growth, fixed charge coverage ratio, and discretionary objectives.

Other First Industrial Realty Trust CEOs

Here are other CEOs of First Industrial Realty Trust

Ed Tyler

Ex-CEO of First Industrial Realty Trust

October 2008 - January 2009