First Industrial Realty Trust, Inc. (FR)
| Market Cap | 7.58B |
| Revenue (ttm) | 672.18M |
| Net Income (ttm) | 287.34M |
| Shares Out | 136.03M |
| EPS (ttm) | 2.17 |
| PE Ratio | 25.67 |
| Forward PE | 34.60 |
| Dividend | $1.78 (3.20%) |
| Ex-Dividend Date | Mar 31, 2025 |
| Volume | 1,464,407 |
| Open | 56.29 |
| Previous Close | 55.77 |
| Day's Range | 55.12 - 56.31 |
| 52-Week Range | 45.10 - 57.35 |
| Beta | 1.10 |
| Analysts | Buy |
| Price Target | 58.42 (+4.86%) |
| Earnings Date | Feb 5, 2025 |
About FR
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 appro... [Read more]
Financial Performance
In 2024, FR's revenue was $672.18 million, an increase of 8.73% compared to the previous year's $618.20 million. Earnings were $287.34 million, an increase of 4.65%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for FR stock is "Buy." The 12-month stock price forecast is $58.42, which is an increase of 4.86% from the latest price.
News
First Industrial: 20% Dividend Raise And Rosy Outlook Make It A Buy
First Industrial has strong growth, driven by high demand for its well-located industrial properties and robust leasing activity. FR's solid fundamentals include an 8.6% YoY FFO per share growth, 96.2...
First Industrial Realty Trust Announces Annual Meeting of Stockholders and Record Date
CHICAGO , Feb. 13, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced that the Comp...
First Industrial Realty Trust, Inc. (FR) Q4 2024 Earnings Call Transcript
First Industrial Realty Trust, Inc. (FR) Q4 2024 Earnings Call Transcript
First Industrial Realty Trust Reports Fourth Quarter and Full Year 2024 Results
2025 NAREIT FFO Guidance Initiated at a Range of $2.87 to $2.97 Per Share/Unit, Approximately 10% Growth at the Midpoint Increased First Quarter 2025 Dividend to $0.445 Per Share, a 20.3% Increase Sig...
How The 'Smart Money' Is Investing In REITs Right Now
Passive investors commonly outperform active investors. REITs are an exception in which active strategies outperform. Here is what some of the world's best REIT investors are today buying.
First Industrial Realty Trust Reports Tax Treatment Of Common Stock Distributions
CHICAGO , Jan. 17, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today reported the tax treatm...
First Industrial Realty Trust To Host Fourth Quarter And Full Year 2024 Results Conference Call On February 6
CHICAGO , January 13, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its fourth quart...
Why REIT Struggles Now Could Lead To Big Gains: Lessons From A Billionaire Investor
REITs are so cheap that they are getting the attention of billionaires. Legendary investor Barry Sternlicht is loading up on REITs. We discuss what he is buying and why.
Up To 10% Yield: 3 REITs To Buy Before They Hike Their Dividend
REITs are so cheap that some offer up to 10% dividend yields. That's despite growing steadily. I highlight 3 REITs to buy before their next dividend hike.
First Industrial Realty: A Top Industrial Pick With Solid Upside Potential
REITs have faced challenges but now trade at attractive valuations with solid upside potential over the next 1 to 2 years. Industrial REITs, especially in Southern California, have experienced downwar...
Sector Spotlight: Industrial REITs - Still A Real Estate Darling?
The industrial REIT sector has seen significant price corrections due to changing macroeconomic factors, making current pricing more investible. Investor enthusiasm has waned, reflected in falling AFF...
12 REITs Poised For Potential Outperformance
As REIT prices rise, high-yield opportunities dwindle, making this a good time to focus on dividend growth for better long-term returns. Dividend growth stocks, despite lower initial yields, can surpa...
3 Once-In-A-Decade REIT Buying Opportunities
REITs are presenting a historic opportunity. Their valuations are the lowest since the great financial crisis. We present 3 REITs offering significant upside potential.
First Industrial: Still Attractive Despite Policy Risk
First Industrial Realty has shown solid performance, with a 26% rise in the past year and a 12% return since my last "buy" rating. Despite strong renewal lease signings and a robust balance sheet, ele...
3 REITs With Rapid Dividend Growth
Most REITs are in a strong position to grow their dividend in 2025. But some are growing far faster than others. I discuss 3 of the fastest growing REITs.
First Industrial Realty Trust Declares Common Stock Dividends
CHICAGO , Oct. 30, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that its boa...
First Industrial Realty Trust, Inc. (FR) Q3 2024 Earnings Call Transcript
First Industrial Realty Trust, Inc. (NYSE:FR) Q3 2024 Earnings Conference Call October 17, 2024 11:00 AM ET Company Participants Art Harmon - SVP, IR & Marketing Peter Baccile - President and CEO Sco...
FIRST INDUSTRIAL REALTY TRUST REPORTS THIRD QUARTER 2024 RESULTS
51% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2024; Includes 300,000 Square-Foot Southern California Renewal Cash Same Store NOI Growth of 7.6% in the Third Quarter 33% Cash Ren...
Important Trends For REIT Investors
REIT investors must pay close attention to real estate trends. The office sector remains a mess and likely will for a long time to come. Multifamily is suffering temporarily, but 2025 could be a lot b...
First Industrial Realty Trust To Host Third Quarter 2024 Results Conference Call On October 17
CHICAGO , Oct. 1, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its third quarter 20...
If I Could Only Hold 5 REITs Over The Next Decade
I often hold my REITs for just 1-2 years. But there are some exceptions that we expect to hold for the long run. Here 5 REITs that I will hold for the next decade.
First Industrial Realty Trust: One Of My Top Industrial REIT Picks
First Industrial Realty Trust is an industrial REIT with 67.9m sq. ft. of leasable area. Rising interest rates and oversupply have pressured the industrial property sector, but signs of a market shift...