FR - NYSE

First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc.

FRยทNYSE

$60.40

-0.033%
Real EstateREIT - Industrial

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.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$8.01B
EPS1.8700
P/E Ratio30.66
Earnings Date07/15/2026
First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc. Fair Value Envelope

FR ยท NYSE

Our analysis suggests that FR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $60.4, this represents a potential HIDDEN relative to our calculated worth for First Industrial Realty Trust, Inc..

HIDDEN
Intrinsic Value
Current Price: $60.4

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$1.9B
+ Cash & Equivalents$78.0M
Firm Value$2.0B
- Debt$2.6B
Equity Value-$545.3M
/ Shares Outstanding132,422,260B
DCF Value-$4
OVERVALUED BY 107%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$393.0M
$334.8M
$285.2M
$243.0M
$207.0M
$176.4M
$150.3M
$128.0M
$109.1M
$92.9M
Maintenance CapEx
-$59.0M
-$50.3M
-$42.8M
-$36.5M
-$31.1M
-$26.5M
-$22.6M
-$19.2M
-$16.4M
-$14.0M
Owner Earnings
$334.0M
$284.5M
$242.4M
$206.5M
$175.9M
$149.9M
$127.7M
$108.8M
$92.7M
$79.0M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$309.3M
$243.9M
$192.4M
$151.8M
$119.7M
$94.5M
$74.5M
$58.8M
$46.4M
$36.6M
Terminal Value represents 31.9% of Enterprise Value

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