First Industrial Realty Trust (FR)
NYSE:FR
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FR Stock Chart & Stats
$63.75
-$0.18(-0.36%)
At close: 4:00 PM EST
$63.75
-$0.18(-0.36%)
Day’s Range― - ―
52-Week Range$47.36 - $64.66
Previous CloseN/A
Volume100.82K
Average Volume (3M)1.14M
Market Cap
$8.48B
Enterprise Value$8.16B
Total Cash (Recent Filing)$37.15M
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)23.1
Beta0.61
Next Earnings
Jul 22, 2026EPS Estimate
0.44Next Dividend Ex-DateN/A
Dividend Yield2.98%
Share Statistics
EPS (TTM)2.59
Shares Outstanding132,570,420
10 Day Avg. Volume944,135
30 Day Avg. Volume1,139,588
Financial Highlights & Ratios
PEG Ratio-2.22
Price to Book (P/B)2.84
Price to Sales (P/S)10.43
P/FCF Ratio66.03
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue10.97
Enterprise Value/Gross Profit23.32
Enterprise Value/Ebitda12.44
Forecast
1Y Price Target
$66.89Price Target Upside4.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)2.09
Revenue Forecast (FY)$757.53M
Bulls Say, Bears Say
Bulls Say
Multi-year Revenue GrowthMulti-year revenue uptrend shows durable demand for logistics space and growing portfolio cash flow. The rebound after 2023 demonstrates resilience, supporting recurring rental income, dividend coverage and capacity to fund development and reinvestment over the next several quarters.
Strong Operating Cash FlowConsistent, rising operating cash flow underpins core earnings power and funds dividends, development starts and opportunistic buybacks without immediate reliance on external financing. Robust OCF improves resilience to cyclical weakness and supports durable capital allocation.
Governance & Capital AllocationAddition of an experienced director, strong shareholder re-elections and a $250M repurchase program signal disciplined capital allocation and investor alignment. These structural governance moves increase management optionality to return capital or stabilize the share base over time.
Bears Say
Gross Margin VolatilitySharp gross‑margin swings reduce earnings quality and make NAREIT FFO and NOI less predictable quarter‑to‑quarter. Margin volatility complicates forecasting, obscures trend assessment and raises the risk that short‑term results misstate sustainable operating performance.
Historical Leverage / Refinancing SensitivityMeaningful historical leverage creates sensitivity to interest rates and refinancing cycles. The abrupt TTM zero‑debt snapshot may reflect timing or classification, leaving uncertainty about the sustained credit cushion and potential funding needs under adverse markets.
Large-tenant & Market HeadwindsSlower decision‑making by very large users, modestly rising concessions and elevated availabilities in markets like Southern California can lengthen lease‑up timelines for big developments. This structural leasing weakness pressures net effective rents and development pacing.
First Industrial Realty News
FR FAQ
What was First Industrial Realty Trust’s price range in the past 12 months?
First Industrial Realty Trust lowest stock price was $47.36 and its highest was $64.66 in the past 12 months.
What is First Industrial Realty Trust’s market cap?
First Industrial Realty Trust’s market cap is $8.48B.
When is First Industrial Realty Trust’s upcoming earnings report date?
First Industrial Realty Trust’s upcoming earnings report date is Jul 22, 2026 which is in 49 days.
How were First Industrial Realty Trust’s earnings last quarter?
First Industrial Realty Trust released its earnings results on Apr 22, 2026. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.329 by $0.751.
Is First Industrial Realty Trust overvalued?
According to Wall Street analysts First Industrial Realty Trust’s price is currently Undervalued.
Does First Industrial Realty Trust pay dividends?
First Industrial Realty Trust pays a Quarterly dividend of $0.445 which represents an annual dividend yield of 2.98%. See more information on First Industrial Realty Trust dividends here
What is First Industrial Realty Trust’s EPS estimate?
First Industrial Realty Trust’s EPS estimate is 0.44.
How many shares outstanding does First Industrial Realty Trust have?
First Industrial Realty Trust has 132,570,420 shares outstanding.
What happened to First Industrial Realty Trust’s price movement after its last earnings report?
First Industrial Realty Trust reported an EPS of $1.08 in its last earnings report, beating expectations of $0.329. Following the earnings report the stock price went down -0.789%.
Which hedge fund is a major shareholder of First Industrial Realty Trust?
Currently, no hedge funds are holding shares in FR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
First Industrial Realty Stock Smart Score
Outperform
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$66.89 (4.92% Upside)
$66.89 (4.92% Upside)
Blogger Sentiment
Bullish
FR Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 709.8K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
13.63%
12-Months-Change
Fundamentals
Return on Equity
12.77%
Trailing 12-Months
Asset Growth
5.95%
Trailing 12-Months
Company Description
First Industrial Realty Trust
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020.
FR Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a list of strong operational wins — robust Q1 cash same‑store NOI growth (8.7%), solid development leasing (383k sq ft), meaningful rental rate increases (~41% cash run‑rate change on new/renewal deals), high‑value land sale ($131M) and stable occupancy (94.3%). Offsetting items included $5.6M of incremental advisory costs tied to a contested proxy campaign that reduced FFO by $0.04 per share, elevated G&A from one‑time accounting expense, modestly higher concessions in some markets and slower decision‑making for very large users in select markets. Management maintained full‑year guidance (adjusted only for the proxy advisory drag) and emphasized a disciplined development and capital allocation strategy. On balance, the operational positives and strong leasing/NOI trends outweigh the discrete costs and localized challenges.View all FR earnings summariesFR Stock 12 Month Forecast
Average Price Target
$66.89
▲(4.92% Upside)
Technical Analysis
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Ownership Overview
0.21% Insiders
26.67% Mutual Funds
25.58% Other Institutional Investors
22.72% Public Companies and
Individual Investors