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FR

First Industrial Realty Trust Inc
$
47.800
+0.22(0.462%)1D
  • Overview
  • Forecast
  • Valuation
  • Earnings
Line
Line
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Candle
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
48.030
Open
47.850
VWAP
47.81
Vol
90.83K
Mkt Cap
6.24B
Low
47.520
Amount
4.34M
EV/EBITDA(TTM)
19.53
Total Shares
132.34M
EV
8.89B
EV/OCF(TTM)
23.49
P/S(TTM)
9.43
First Industrial Realty Trust, Inc. is a provider of industrial real estate. The Company owns, operates, develops and acquires logistics properties. The Company, through its fully integrated operating and investing platform, provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. Its portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. The Company owns and has under development approximately 69.5 million square feet of industrial space. Its tenants are engaged in a variety of businesses, including e-commerce, third-party logistics and transportation, consumer and other manufactured products, retail and consumer services, food and beverage, lumber and building materials, wholesale goods, health services, governmental and other. Through a wholly owned TRS of the Operating Partnership, it owns an equity interest in a joint venture.
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Market Estimates

Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q4
FY2025Q3
FY2025Q2
184.36M
+4.99%
--
--
179.51M
+7.08%
--
--
176.46M
+7.51%
--
--
Estimates Revision
The market is revising Upward the revenue expectations for First Industrial Realty Trust, Inc. (FR) for FY2025, with the revenue forecasts being adjusted by 0.12% over the past three months. During the same period, the stock price has changed by -6.84%.
Revenue Estimates for FY2025
Revise Upward
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+0.12%
In Past 3 Month
Stock Price
Go Down
down Image
-6.84%
In Past 3 Month
8 Analyst Rating
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14.81% Upside
Wall Street analysts forecast FR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FR is 54.88 USD with a low forecast of 51.00 USD and a high forecast of 59.00  USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
3 Hold
0 Sell
Moderate Buy
up Image
14.81% Upside
Current: 47.800
sliders
Low
51.00
Averages
54.88
High
59.00
Truist
Buy
maintain
$55 -> $56
2025-07-25
Reason
Truist raised the firm's price target on First Industrial Realty to $56 from $55 and keeps a Buy rating on the shares. The firm remains bullish on First Industrial, saying 2026 should be another solid growth year. Truist also sees somewhat limited downside risk from potential softness in SoCal.
Wells Fargo
Equal Weight
maintain
$42 -> $58
2025-07-13
Reason
Wells Fargo raised the firm's price target on First Industrial Realty to $58 from $42 and keeps an Equal Weight rating on the shares. The firm adjusted price targets in the industrial and cold storage real estate investment trust group as a part of a Q2 preview. It believes conservative initial outlooks and Q1 beats should "insulate" the REITs from negative estimate revisions, but says the length of leasing softness will be key for investors.
Scotiabank
Nicholas Yulico
Sector Perform
maintain
$50 -> $51
2025-05-12
Reason
Scotiabank analyst Nicholas Yulico raised the firm's price target on First Industrial Realty to $51 from $50 and keeps a Sector Perform rating on the shares. The firm is adjusting its estimates on U.S. Real Estate & REITs in its coverage following Q1 results, the analyst tells investors. Quarterly results contained some negative surprises, but generally played out as expected, with most companies maintaining FY25 guidance, the firm notes. Real estate fundamentals tend to lag, so many are looking to see the potential impact of the slowing economy on H2 2025 results, the firm adds.
Goldman Sachs
Caitlin Burrows
Hold
Maintains
$59 → $51
2025-04-22
Reason
Scotiabank
Nicholas Yulico
Hold
Maintains
$58 → $50
2025-04-07
Reason
Scotiabank analyst Nicholas Yulico lowered the firm's price target on First Industrial Realty to $50 from $58 and keeps a Sector Perform rating on the shares. The firm sees slowing U.S. net absorption in the U.S. Industrial REITs sector and expects no occupancy recovery in the market for 2H of 2025, the analyst tells investors. While Industrial REITs have underperformed since Trump's tariff announcement, the firm sees little potential for positive catalysts over the year and believes Street estimates for 2026-2027 are too high.
Barclays
Anthony Powell
Hold
Maintains
$55 → $56
2025-03-25
Reason
Barclays analyst Brendan Lynch raised the firm's price target on First Industrial Realty to $56 from $55 and keeps an Equal Weight rating on the shares. The firm says that given heightened uncertainty related to tariffs, inflation and economic weakness, it remains cautious on industrial real estate investment trusts.

Valuation Metrics

The current forward P/E ratio for First Industrial Realty Trust Inc (FR.N) is 30.12, compared to its 5-year average forward P/E of 40.33. For a more detailed relative valuation and DCF analysis to assess First Industrial Realty Trust Inc 's fair value, click here.

Forward PE

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Undervalued
5Y Average PE
40.33
Current PE
30.12
Overvalued PE
49.64
Undervalued PE
31.03

Forward EV/EBITDA

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Undervalued
5Y Average EV/EBITDA
22.29
Current EV/EBITDA
18.30
Overvalued EV/EBITDA
25.31
Undervalued EV/EBITDA
19.27

Forward PS

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Undervalued
5Y Average PS
11.66
Current PS
9.01
Overvalued PS
13.59
Undervalued PS
9.73

Financials

Annual
Quarterly
FY2025Q1
YoY :
+9.12%
177.07M
Total Revenue
FY2025Q1
YoY :
+12.09%
69.11M
Operating Profit
FY2025Q1
YoY :
-24.99%
52.88M
Net Income after Tax
FY2025Q1
YoY :
-30.77%
0.36
EPS - Diluted
FY2025Q1
YoY :
+2170.12%
-133.42M
Free Cash Flow
FY2025Q1
YoY :
+6.08%
48.01
Gross Profit Margin - %
FY2025Q1
YoY :
-64.10%
-9.42
FCF Margin - %
FY2025Q1
YoY :
-31.24%
29.87
Net Margin - %
FY2025Q1
YoY :
-10.31%
6.96
ROIC

Trading Trends

Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
1.3M
Volume
3
6-9
Months
3.9M
Volume
5
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
1
154.6K
Volume
Months
6-9
3
788.1K
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months

FR News & Events

Events Timeline

2025-07-16 (ET)
2025-07-16
16:41:08
First Industrial Realty reports Q2 FFO 76c, consensus 72c
select
2025-04-16 (ET)
2025-04-16
16:33:34
First Industrial Realty reports Q1 FFO 68c, consensus 70c
select
2024-10-16 (ET)
2024-10-16
16:32:20
First Industrial Realty raises 2024 FFO view to $2.61-$2.65 from $2.59-$2.63
select
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News

9.5
07-18Yahoo Finance
First Industrial Realty Trust Inc (FR) Q2 2025 Earnings Call Highlights: Strong Rental Growth ...
9.5
07-17NASDAQ.COM
First Industrial Realty Trust (FR) Surpasses Q2 FFO and Revenue Estimates
9.5
07-16Newsfilter
First Industrial Realty Trust Reports Second Quarter 2025 Results
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FAQ

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The current price of FR is 47.8 USD — it has increased 0.46 % in the last trading day.

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