Back to Results

First Industrial Realty Trust Inc (FR)

First Industrial Realty Trust, Inc. (NYSE: FR) is a U.S.-focused industrial REIT that owns, operates, develops, and acquires logistics properties. The company uses a fully integrated platform to manage and invest in high-quality industrial facilities serving multinational corporations and regional businesses that support supply chains. As of December 31, 2025, First Industrial Realty Trust owned and had under development about 71.6 million square feet of industrial space across 15 target metropolitan statistical areas. The listed security is common stock of the REIT.


Stock Summary Fair Value Profitability & Growth Quality & Risk Events & Dividends Technical Outlook FAQ

Jump between the core stock analysis sections, valuation data, fair value models, technical outlook, and FAQ.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Upcoming Dividend Ex-Date Dividend Payment Date Upcoming Dividend Dividend Yield Next Earnings Date P/E Ratio Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Payout Ratio Free Cash Flow / Net Income
NYSE-FR
$60.53
-11.0% Downside
Fair
$68.81
1.2% Upside
Fair
Great
—
—
2
2.9%
July 22, 2026
26.4x
3.4x
12.5x
9.345 B
11.661 B
21.5%
99.3%
2.3
70.5%
134.9%
Send a message
Valuation • Fair Value

First Industrial Realty Trust Inc (NYSE-FR) Fair Value by Valuation Model

Compare the primary fair value estimate for First Industrial Realty Trust Inc (NYSE-FR) with model-based valuation references such as DCF, Ben Graham, DDM, EPV and comparable-company valuation.

Primary Valuation Read

Fair Value

$60.53

Estimated downside of 11.0% versus the current market price.

Fair Value Confidence

Med

Confidence level for the primary fair value estimate.

DCF Fair Value

NM

Discounted cash flow valuation reference.

Ben Graham Formula Value

$28.65

Classic Ben Graham valuation formula reference.

DDM Fair Value

NM

Dividend discount model valuation reference.

EPV Fair Value

NM

Earnings power value estimate.

Comps Fair Value

$60.53

Comparable-company valuation reference.

Analyst Price Target

$68.81

Analysts imply upside of 1.2%.

How to read these valuation models

Use this section to compare the primary fair value estimate for First Industrial Realty Trust Inc (NYSE-FR) with several model-based valuation references. Different models can produce different outputs because each method relies on a different set of assumptions, so the primary fair value estimate should be read alongside the model spread rather than in isolation.

Profitability • Growth

Profitability & Growth for First Industrial Realty Trust Inc (NYSE-FR)

A compact read on revenue, forward revenue expectations, EBITDA and operating profitability trends.

Revenue

745.2 M

Current operating scale indicator.

Revenue Forecast

793.3 M

Forward revenue estimate.

EBITDA

509.6 M

Current operating profitability reference.

EBITDA Forecast

530.9 M

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review First Industrial Realty Trust Inc (NYSE-FR) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for First Industrial Realty Trust Inc (NYSE-FR)

Review financial health, earnings quality and balance-sheet risk through Piotroski, Beneish, Altman and cash conversion metrics.

Financial Health

Great

Positive financial-health read.

Piotroski Score

7

Relatively strong quality score.

Beneish M-Score

-1.99

Intermediate zone that deserves monitoring.

Altman Z-Score

2.3

Intermediate risk zone.

FCF / Net Income

134.9%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for First Industrial Realty Trust Inc (NYSE-FR). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for First Industrial Realty Trust Inc (NYSE-FR)

Track the next earnings date, ex-dividend date, dividend payment date, dividend yield and upcoming distribution details where available.

Next Earnings Date

July 22, 2026

Days to Earnings

1

Dividend Payment Date

Not available

Ex-Dividend Date

Not available

Dividend Yield

2.9%

Income yield reference.

Upcoming Dividend

2

Upcoming distribution amount.

Payment Type

Not available

Data is currently unavailable.

Dividend Currency

USD

Currency used for the distribution.

Payout Ratio

70.5%

Dividend payout reference.

How to read events and dividends

This section helps investors track time-sensitive items for First Industrial Realty Trust Inc (NYSE-FR), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

First Industrial Realty Trust Inc (NYSE-FR) Stock Forecast & Technical Outlook

Review First Industrial Realty Trust Inc (NYSE-FR) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Sell

The 15-minute technical read for First Industrial Realty Trust Inc (NYSE-FR) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Neutral

The 1-hour technical read for First Industrial Realty Trust Inc (NYSE-FR) is currently Neutral. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Strong Buy

The daily technical read for First Industrial Realty Trust Inc (NYSE-FR) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Strong Buy

The weekly technical read for First Industrial Realty Trust Inc (NYSE-FR) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Strong Buy

The monthly technical read for First Industrial Realty Trust Inc (NYSE-FR) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for First Industrial Realty Trust Inc (NYSE-FR)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Buy

Based on the available recommendation mix, First Industrial Realty Trust Inc (NYSE-FR) has a Buy consensus, with 7 buy, 7 hold and 0 sell recommendations in the current data set.

Buy 7
Hold 7
Sell 0
FAQ • Fast Investor Answers

First Industrial Realty Trust Inc (NYSE-FR) Stock FAQ

Quick answers about First Industrial Realty Trust Inc (NYSE-FR) stock, including fair value, valuation rating, analyst price target, dividends, earnings dates, market capitalization, financial health and other key stock analysis metrics.

Fair Value
$60.53
Estimated downside 11.0%
Valuation Rating
Overvalued
Estimated downside of 11.0%
Analyst Target
$68.81
Implied upside 1.2%
Financial Health
Great
Current financial-health read

The current fair value estimate for First Industrial Realty Trust Inc (NYSE-FR) is $60.53. This implies an estimated downside of 11.0% versus the current market price.

Based on the current fair value estimate, the stock appears overvalued, with estimated downside of 11.0% versus the current market price.

The available analyst price target for First Industrial Realty Trust Inc (NYSE-FR) is $68.81. The analyst target implies estimated upside of 1.2%.

The current financial health read for First Industrial Realty Trust Inc (NYSE-FR) is Great. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for First Industrial Realty Trust Inc (NYSE-FR) is July 22, 2026.

Based on the current data, dividend yield is 2.9%, upcoming dividend amount is 2.

The current P/E ratio listed for First Industrial Realty Trust Inc (NYSE-FR) is 26.4x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

The current market capitalization listed for First Industrial Realty Trust Inc is 9.345 B.

The current enterprise value listed for First Industrial Realty Trust Inc is 11.661 B. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for First Industrial Realty Trust Inc is NYSE-FR, and the stock is listed on NYSE.

First Industrial Realty Trust Inc (NYSE-FR) is listed on NYSE.

The current debt-to-total-capital ratio listed for First Industrial Realty Trust Inc is 21.5%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for First Industrial Realty Trust Inc is 99.3%. Free float helps investors understand how much of the share base is available for public trading.

Similar Industrial REITs Stocks on NYSE View more

Prologis Inc (PLD) Prologis Inc (PLD)
EastGroup Properties Inc (EGP) EastGroup Properties Inc (EGP)
Rexford Industrial Realty Inc Pref Series B (REXR_pb) Rexford Industrial Realty Inc Pref Series B (REXR_pb)
Rexford Industrial Realty Inc Pref Series C (REXR_pc) Rexford Industrial Realty Inc Pref Series C (REXR_pc)
Rexford Inl Rty (REXR) Rexford Inl Rty (REXR)
STAG Industrial Inc (STAG) STAG Industrial Inc (STAG)
Terreno Realty Corporation (TRNO) Terreno Realty Corporation (TRNO)
Americold Realty Trust (COLD) Americold Realty Trust (COLD)
Lexington Realty Trust Pref (LXP_pc) Lexington Realty Trust Pref (LXP_pc)
LXP Industrial Trust (LXP) LXP Industrial Trust (LXP)
Innovative Industrial Properties Inc (IIPR) Innovative Industrial Properties Inc (IIPR)
Innovative Industrial Properties Inc Pref Series A (IIPR_pa) Innovative Industrial Properties Inc Pref Series A (IIPR_pa)
One Liberty Properties Inc (OLP) One Liberty Properties Inc (OLP)