First Industrial Realty Trust/$FR
1D1W1M3M6MYTD1Y5YMAX
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
$7.3B
20.40
$2.70
1.04
$1.95
3.64%
Price and volume
Market cap
$7.3B
Beta
1.04
52-week high
$69.88
52-week low
$54.16
Average daily volume
1.6M
Dividend rate
$1.95
Financial strength
Current ratio
1.148
Quick ratio
1.064
Long term debt to equity
0.927
Total debt to equity
0.927
Dividend payout ratio (TTM)
71.84%
Interest coverage (TTM)
3.19%
Profitability
EBITDA (TTM)
531.995
Gross margin (TTM)
73.75%
Net profit margin (TTM)
46.09%
Operating margin (TTM)
41.61%
Effective tax rate (TTM)
3.16%
Revenue per employee (TTM)
$5,100,000
Management effectiveness
Return on assets (TTM)
3.55%
Return on equity (TTM)
13.37%
Valuation
Price to earnings (TTM)
20.396
Price to revenue (TTM)
9.396
Price to book
2.63
Price to tangible book (TTM)
2.63
Price to free cash flow (TTM)
16.533
Free cash flow yield (TTM)
6.05%
Free cash flow per share (TTM)
3.326
Dividend yield (TTM)
3.54%
Forward dividend yield
3.64%
Growth
Revenue change (TTM)
8.66%
Earnings per share change (TTM)
50.73%
3-year revenue growth (CAGR)
8.70%
10-year revenue growth (CAGR)
7.59%
3-year earnings per share growth (CAGR)
10.10%
10-year earnings per share growth (CAGR)
8.10%
3-year dividend per share growth (CAGR)
15.72%
10-year dividend per share growth (CAGR)
10.80%
What the Analysts think about FR
Analyst ratings (Buy, Hold, Sell) for First Industrial Realty Trust stock.
Analyst projections of the future price of First Industrial Realty Trust stock.
Bulls say / Bears say
FR’s rent-reset opportunity remains large: third-quarter cash rents on new and renewal leases rose 52%, while leases commencing in 2026 were signed at rents 38% higher across 94% of that year’s expiries. (First Industrial Realty Trust)
Higher rents are feeding through to earnings: third-quarter same-store cash NOI grew 5.6%, and FFO per share rose to $0.81 from $0.76 a year earlier. (First Industrial Realty Trust)
There is already some visibility into next year’s rent roll: leases signed to commence in 2027 are 16% above prior cash rents, covering 45% of 2027 expiries, and management reported a strong pace of early renewals. (First Industrial Realty Trust)
Occupancy fell to 94.1% in Q3 from 94.9% in Q2, and lower average occupancy partly offset rent increases in same-store NOI. Continued vacancy could dilute the benefit of strong leasing spreads. (First Industrial Realty Trust)
Management described Denver as lagging the recovery, with more space available to tenants, and expected rents in Southern California to be flat. These weaker markets could make leasing and rent growth harder in parts of FR’s portfolio. (Stock Analysis)
The US industrial construction pipeline reached 317 million square feet in Q3, up 28.7% year on year. If new space outpaces tenant demand, greater competition could weigh on occupancy and rents. (JLL)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.
FR Financial Performance
Revenues and expenses
FR Earnings Performance
Company profitability
Upcoming events
No upcoming events
FR News
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Funds containing FR
AllUSDEURGBP
Fund name | Fund size | $FR weighting |
|---|---|---|
iShares Developed Markets Property Yield£IWDP | $1.2B | 0.43% |
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.43% |
VanEck Global Real Estate£TREG | €448M | 0.43% |
VanEck Global Real Estate€TRET | €448M | 0.43% |
SPDR S&P 400 US Mid Cap£SPX4 | $6.4B | 0.21% |
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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