First Industrial Realty Trust/$FR
1D1W1MYTD1Y5YMAX
Capital at risk
About First Industrial Realty Trust
First Industrial Realty Trust Inc is a real estate investment trust that owns, manages, acquires, sells, develops, and redevelops industrial real estate. Through its fully integrated operating and investing platform, the company provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. The company serves a diverse tenant base across various sectors, including e-commerce, logistics, transportation, manufacturing, retail, consumer services, food and beverage, building materials, wholesale goods, health services, and government.
- Ticker
- $FR
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 152
- Headquarters
- Chicago, United States
- Website
- www.firstindustrial.com
FR Metrics
BasicAdvanced
$8.1B
22.33
$2.75
1.04
$1.89
3.26%
Price and volume
Market cap
$8.1B
Beta
1.04
52-week high
$69.88
52-week low
$50.24
Average daily volume
757K
Dividend rate
$1.89
Financial strength
Current ratio
1.498
Quick ratio
1.122
Long term debt to equity
0.9
Total debt to equity
0.901
Dividend payout ratio (TTM)
68.40%
Interest coverage (TTM)
3.24%
Profitability
EBITDA (TTM)
532.799
Gross margin (TTM)
73.75%
Net profit margin (TTM)
47.92%
Operating margin (TTM)
41.64%
Effective tax rate (TTM)
3.08%
Revenue per employee (TTM)
$5,000,000
Management effectiveness
Return on assets (TTM)
3.52%
Return on equity (TTM)
13.63%
Valuation
Price to earnings (TTM)
22.334
Price to revenue (TTM)
10.697
Price to book
2.95
Price to tangible book (TTM)
2.93
Price to free cash flow (TTM)
18.094
Free cash flow yield (TTM)
5.53%
Free cash flow per share (TTM)
3.392
Dividend yield (TTM)
3.08%
Forward dividend yield
3.26%
Growth
Revenue change (TTM)
8.54%
Earnings per share change (TTM)
34.31%
3-year revenue growth (CAGR)
8.98%
10-year revenue growth (CAGR)
7.42%
3-year earnings per share growth (CAGR)
4.73%
10-year earnings per share growth (CAGR)
9.68%
3-year dividend per share growth (CAGR)
15.39%
10-year dividend per share growth (CAGR)
11.52%
Bulls say / Bears say
Same-store net operating income grew 6.7% year-over-year in Q2 2026, demonstrating robust cash flow growth from the existing portfolio. (PR Newswire)
Cash rental rates on leases signed in Q2 increased by 39%, highlighting First Industrial’s strong pricing power in the tight U.S. industrial market. (PR Newswire)
In-service occupancy climbed to 94.9% at the end of Q2 2026, up from 94.3% in Q1 and 94.2% in Q2 2025, reflecting sustained tenant demand. (First Industrial)
First Industrial’s 94.9% occupancy in Q2 2026 lagged Rexford Industrial Realty’s 95.7% average occupancy, suggesting potential underperformance relative to key peers. (First Industrial) (Rexford Industrial)
U.S. industrial rent growth remains subdued at approximately 2.1% year-over-year, near post-recovery lows, which may limit further rental rate upside. (AEW)
The Federal Reserve held interest rates at 3.50–3.75% in July 2026, with dissenting policymakers advocating hikes, indicating that financing costs for REITs may remain elevated. (Reuters via Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 29 Aug 2026.
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Funds containing FR
AllUSDGBPEUR
Fund name | Fund size | $FR weighting |
|---|---|---|
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.48% |
iShares Developed Markets Property Yield£IWDP | £859M | 0.48% |
SPDR S&P 400 US Mid Cap$SPY4 | $6.3B | 0.23% |
SPDR S&P 400 US Mid Cap£SPX4 | £4.7B | 0.23% |
iShares MSCI World Small Cap$WSML | $9B | 0.07% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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