Real Estate -
REIT - Industrial - NYSE - US
$ 45.28
-5.03 %
$ 5.99 B
Market Cap
20.87
P/E
1. INTRINSIC VALUE
Balance Sheet
First Industrial Realty Trust, Inc.
| Current Assets | 227 M |
| Cash & Short-Term Investments | 44.5 M |
| Receivables | 170 M |
| Other Current Assets | 11.8 M |
| Non-Current Assets | 5.03 B |
| Long-Term Investments | 51.2 M |
| PP&E | 19.9 M |
| Other Non-Current Assets | 4.96 B |
| Current Liabilities | 570 M |
| Accounts Payable | 133 M |
| Short-Term Debt | 282 M |
| Other Current Liabilities | 156 M |
| Non-Current Liabilities | 1.94 B |
| Long-Term Debt | 1.94 B |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
First Industrial Realty Trust, Inc.
| Revenue | 670 M |
| Cost Of Revenue | 183 M |
| Gross Profit | 487 M |
| Operating Expenses | 40.9 M |
| Operating Income | 446 M |
| Other Expenses | 150 M |
| Net Income | 296 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
First Industrial Realty Trust, Inc.
| Net Income | 296 M |
| Depreciation & Amortization | 139 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 37.1 M |
| Change in Working Capital | 0 |
| Others | -120 M |
| Free Cash Flow | 352 M |
Wall Street Analysts Price Targets
First Industrial Realty Trust, Inc.
Wall Street analysts predict an average 1-year price target for FR of $57.9 , with forecasts ranging from
a
low of
$52 to a high of $64 .
FR Lowest Price Target
Wall Street Target
52 USD
14.84%
FR Average Price Target
Wall Street Target
57.9 USD
27.82%
FR Highest Price Target
Wall Street Target
64 USD
41.34%
4. DIVIDEND
ANALYSIS
0.75%
DIVIDEND YIELD
0.445 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
First Industrial Realty Trust, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
First Industrial Realty Trust: One Of The Best Industrial REITs
First Industrial Realty Trust, Inc. remains a top-tier industrial REIT with strong rent growth and a strategic focus on 15 key U.S. markets. Despite a drop in occupancy rates, FR's ability to capitalize on market rent growth and short lease terms supports its dynamic rent increases. The industrial property market faces oversupply challenges, but decreasing net completions and construction starts hint at a potential turnaround.
seekingalpha.com
- 2 weeks ago
Industrial REITs Standardize Key Property Metrics
CHICAGO , April 1, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR) today announced a coalition of industrial real estate investment trusts – First Industrial, EastGroup Properties, Inc., Prologis, Inc., and STAG Industrial, Inc. (collectively, the "Industrial REIT Group") – has updated its standardized methodology for calculating key non-GAAP property metrics to improve comparability across the sector. Building on the 2018 harmonization initiative, the Industrial REIT Group reaffirmed its approach to determining property stabilization, occupancy, rent change, and customer retention.
prnewswire.com
- 2 weeks ago
First Industrial: The Dividend Growth Giant That Doesn't Get Enough Attention
First Industrial Realty Trust stands out among REITs, offering a well-supported dividend and consistent earnings increases over time. FR's portfolio focuses on industrial and commercial properties, ensuring stability and resilience, with a 96.2% occupancy rate and high-profile tenants like Amazon. Despite trading at a premium, FR's financial strength and consistent earnings growth justify its valuation, with a potential 10% price increase in the next year.
seekingalpha.com
- 2 weeks ago
A Big Market Reversal Is Likely Coming In 2025
REITs have significantly underperformed in recent years. But a big market reversal is underway. REITs are now massively outperforming, and I expect this to continue.
seekingalpha.com
- 3 weeks ago
First Industrial Realty Trust To Host First Quarter 2025 Results Conference Call On April 17
CHICAGO , March 28, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its first quarter 2025 results conference call on Thursday, April 17, 2025 at 10:00 a.m. CDT (11:00 a.m.
prnewswire.com
- 3 weeks ago
21 Upcoming Dividend Increases To Finish Q1
The lists were created using the U.S. Dividend Champions spreadsheet and NASDAQ data, ensuring companies have at least five years of dividend growth. My investment strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperformance relevant to certain benchmarks. Top-performing stocks include MPWR, STLD, and JPM. Top REITs include CTR, FR, and REXR for their impressive returns and dividend growth rates.
seekingalpha.com
- 3 weeks ago
Certainly Uncertain
US equity markets posted modest gains this week - snapping a four-week losing streak - as investors parsed commentary and updated forecasts from the Federal Reserve's policy meeting. Ahead of the looming April 2nd unveiling of reciprocal tariffs, investors were relieved by FOMC projections showing that 11-of-19 policy markets still expect at least two rate cuts this year. Disappointing retail sales data indicated that economic uncertainty is beginning to affect real-world consumer behavior. Housing market data was relatively solid, however, sparking an upward revision to the GDPNow forecast.
seekingalpha.com
- 3 weeks ago
The State Of REITs: March 2025 Edition
REITs bounced back (+1.77%) in February and now have a positive year-to-date total return (+0.79%) after the first two months of the year. Large cap (+4.58%), small cap (+2.00%) and mid cap REITs (+0.98%) performed well in February while micro caps (-1.55%) continued to badly underperform their larger peers. 64.97% of REIT securities had a positive total in February.
seekingalpha.com
- 4 weeks ago
First Industrial Realty Trust Closes $850 Million Unsecured Revolving Credit Facility and $200 Million Unsecured Term Loan
CHICAGO , March 18, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced it has closed an $850 million senior unsecured revolving credit facility. The facility amends and restates the Company's previous revolving credit facility and adds an additional $100 million of capacity.
prnewswire.com
- 1 month ago
Great News For REIT Investors
REITs positioned for strong gains as interest rate cuts and lower Treasury yields drive investor demand. Decade-low REIT valuations and reduced new real estate development create opportunities for high returns. High-dividend REITs offering 5-7% yields attract income investors seeking alternatives to bonds and Treasuries.
seekingalpha.com
- 1 month ago
3 REITs To Buy Before They Hike Their Dividend
REIT dividend payments continue to grow. Some REITs are growing at a double-digit rate. I highlight three undervalued REITs to buy before they hike their dividend again.
seekingalpha.com
- 1 month ago
First Industrial Realty Trust to Present at Citi's 2025 Global Property CEO Conference
CHICAGO, Feb. 28, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced that it will present at Citi's 2025 Global Property CEO Conference. The presentation is scheduled for Tuesday, March 4, 2025 at 11:40 a.m. EST (10:40 a.m. CST). aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); A live webcast of the presentation will be available at www.firstindustrial.com under the Investors tab. A replay of the webcast will also be available through May 31, 2025. Presentation materials for the conference will also be available in the Investors section of the company website on Monday, March 3, 2025.About First Industrial Realty Trust, Inc. First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 69.5 million square feet of industrial space as of December 31, 2024. For more information, please visit us at www.firstindustrial.com.Forward-Looking StatementsThis press release and the presentation to which it refers may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934 ("Exchange Act"). We intend for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on certain assumptions and describe our future plans, strategies and expectations, and are generally identifiable by use of the words "believe," "expect," "plan," "intend," "anticipate," "estimate," "project," "seek," "target," "potential," "focus," "may," "will," "should" or similar words. Although we believe the expectations reflected in forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results will not materially differ. Factors that could have a materially adverse effect on our operations and future prospects include, but are not limited to: changes in national, international, regional and local economic conditions generally and real estate markets specifically; changes in legislation/regulation (including changes to laws governing the taxation of real estate investment trusts) and actions of regulatory authorities; our ability to qualify and maintain our status as a real estate investment trust; the availability and attractiveness of financing (including both public and private capital) and changes in interest rates; the availability and attractiveness of terms of additional debt repurchases; our ability to retain our credit agency ratings; our ability to comply with applicable financial covenants; our competitive environment; changes in supply, demand and valuation of industrial properties and land in our current and potential market areas; our ability to identify, acquire, develop and/or manage properties on favorable terms; our ability to dispose of properties on favorable terms; our ability to manage the integration of properties we acquire; potential liability relating to environmental matters; defaults on or non-renewal of leases by our tenants; decreased rental rates or increased vacancy rates; higher-than-expected real estate construction costs and delays in development or lease-up schedules; the uncertainty and economic impact of pandemics, epidemics or other public health emergencies or fear of such events; risks associated with security breaches through cyberattacks, cyber intrusions or otherwise, as well as other significant disruptions of our information technology networks and related systems; potential natural disasters and other potentially catastrophic events such as acts of war and/or terrorism; technological developments, particularly those affecting supply chains and logistics; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; risks associated with our investments in joint ventures, including our lack of sole decision-making authority; and other risks and uncertainties described under the heading "Risk Factors" and elsewhere in our annual report on Form 10-K for the year ended December 31, 2024, as well as those risks and uncertainties discussed from time to time in our other Exchange Act reports and in our other public filings with the Securities and Exchange Commission (the "SEC"). We caution you not to place undue reliance on forward-looking statements, which reflect our outlook only and speak only as of the date of this press release or the dates indicated in the statements. We assume no obligation to update or supplement forward-looking statements. For further information on these and other factors that could impact us and the statements contained herein, reference should be made to our filings with the SEC. View original content to download multimedia:https://www.prnewswire.com/news-releases/first-industrial-realty-trust-to-present-at-citis-2025-global-property-ceo-conference-302388723.html SOURCE First Industrial Realty Trust, Inc.
https://www.marketscreener.com
- 1 month ago
8. Profile
Summary
First Industrial Realty Trust, Inc. FR
COUNTRY
US
INDUSTRY
REIT - Industrial
MARKET CAP
$ 5.99 B
Dividend Yield
0.75%
Description
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.
Contact
One North Wacker Drive, Chicago, IL, 60606
https://www.firstindustrial.com
IPO
Date
June 24, 1994
Employees
151
Officers
Ms. Valerie Baxa
Senior Vice President of Environmental
Mr. Jon Raleigh
Senior Vice President of Insurance & Risk Management
Mr. Adam Moore
Senior Regional Director of Chicago
Mr. Sumit Sharma
Senior Vice President of Sustainability & Research