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FR

First Industrial Realty Trust, Inc.

FR

NYSE·Real Estate·REIT - Industrial·Mkt cap $8.2B

$62.40

+1.28%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$47.38 - $64.66

P/E

24.09

Fwd P/E

32.96

Beta

1.07

Div Yield

3.07%

Avg Vol

964.4K

Shares Out

132.6M

Mkt Cap

$8.2B

Price action

Price chart

Up 24.7% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Extensive portfolio of 64.1 million square feet across strategic U.S. markets
  • Local market expertise with dedicated teams in key distribution corridors
  • Integrated business model enabling full property lifecycle management
  • Strong relationships with multinational and regional corporate tenants

Bear Case

1 risk

  • Average volatility.

Growth

Moderate growth ahead

Accelerating e-commerce demand driving industrial real estate expansion

Value

Fairly valued vs Industrial REITs peers

Momentum

Strong

+5.0% over 3m

Quality

Strong

Excellent business quality

Dividend

Solid

3.07% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 22, 2026

LATEST RECAP

Earnings recap unavailable for this period.

EPS surprise · last 4Q

Q1 26

$1.08

Q4 25

$0.60

Q3 25

$0.49

Q2 25

$0.42

Next: Jul 22, 2026

Revenue trend · last 8Q

+9%

+8%

+7%

+10%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$165.2M

$168.2M

$175.3M

$177.2M

$179.8M

$181.4M

$188.4M

$194.8M

Margins · last 8Q

Gross

21.1%

Operating

35.0%

Profit

73.5%

Wall Street consensus

7 analysts · 43% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

43%

Hold

4

57%

Sell

0%

Median Price Target

$67.00

+7.4% vs $62.40

Low $65.00
Median $67.00
High $68.00

Latest: KeyBanc · Jun 10, 2026

3 analysts covering

vs Industry

How FR stacks vs REIT - Industrial

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.