First Industrial Realty Trust, Inc. (FR)
| Market Cap | 7.18B |
| Revenue (ttm) | 655.53M |
| Net Income (ttm) | 308.11M |
| Shares Out | 135.99M |
| EPS (ttm) | 2.32 |
| PE Ratio | 22.75 |
| Forward PE | 35.40 |
| Dividend | $1.48 (2.81%) |
| Ex-Dividend Date | Dec 31, 2024 |
| Volume | 840,041 |
| Open | 52.63 |
| Previous Close | 52.99 |
| Day's Range | 52.36 - 52.99 |
| 52-Week Range | 45.02 - 57.35 |
| Beta | 1.09 |
| Analysts | Buy |
| Price Target | 57.67 (+9.29%) |
| Earnings Date | Oct 16, 2024 |
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 2023, FR's revenue was $618.20 million, an increase of 14.51% compared to the previous year's $539.85 million. Earnings were $274.58 million, a decrease of -23.47%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for FR stock is "Buy." The 12-month stock price forecast is $57.67, which is an increase of 9.29% from the latest price.
News
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...
Assessing Quality Of REIT Earnings
REITs trade on AFFO, but the market often overlooks the quality of AFFO growth, leading to mispricings. AFFO growth sources vary in quality; repeatable sources like rental rate growth are more valuabl...
Wolfe Research upgrades First Industrial Realty Trust: Can it reach $64?
On August 13, 2024, Wolfe Research upgraded First Industrial Realty Trust (FR) from Peer Perform to Outperform, setting a year-end 2025 price target of $64. This upgrade suggests a potential 19% upsid...
Industrial Real Estate Returning To Growth
Second quarter earnings reports from Prologis and First Industrial indicate growth returning to the industrial sector. Industrial real estate market rental rates stopped growing in late 2023, but rece...
If I Had To Retire Today With 12 REITs
REITs are structured for income investors, obligated to pay out 90% of earnings to shareholders, making them an income-producing vehicle. REITs are undervalued and positioned to do well as the rate cu...
First Industrial Realty Trust Sets The Ground For The Upcoming Upside
First Industrial Realty released strong Q2 2024 results, delivering solid FFO per share growth. FR showcased robust investment & deal activity during the recent quarter, setting the ground for the upc...
First Industrial Realty Trust, Inc. (FR) Q2 2024 Earnings Call Transcript
First Industrial Realty Trust, Inc. (NYSE:FR) Q2 2024 Earnings Conference Call July 18, 2024 11:00 AM ET Company Participants Art Harmon - SVP of IR and Marketing Peter Baccile - President and CEO Sc...
First Industrial Realty Trust Reports Second Quarter 2024 Results
Signed 1.1 Million Square Feet of New Leases for Speculative Developments in the Second Quarter and Third Quarter To-Date Signed a 212,000 Square-Foot Partial Build-to-Suit Lease in the Second Quarter...
Forget The Fed, REITs Will Win In A 'Higher For Longer' Environment
Many investors think that Fed controls the destiny of REITs. If rates remain high, REITs are screwed. If they are cut, REITs will recover. I disagree. Here's why I expect REITs to thrive even in a "hi...
First Industrial: Recent Volatility Makes Them More Attractive Compared To Peers
First Industrial is a quality REIT with a long operating history, focusing on logistics properties in supply-constrained markets. Despite missing Q1 FFO estimates, they expect to FFO and revenue growt...
Why Now Is The Time To Load Up On REITs, And 2 'Strong Buys'
REITs are the cheapest relative to stocks in over a decade. But not for much longer. Cuts to interest rates could push REITs a lot higher. I highlight two 'Strong Buy' REITs.
First Industrial Realty Trust To Host Second Quarter 2024 Results Conference Call On July 18
CHICAGO , June 25, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its second quarter ...
First Industrial Looks Buyable As Market Conditions Improve
Industrial REITs face challenges due to high supply and low demand, leading to increased vacancy rates and disparity between buyers' and sellers' expectations. However, the market conditions will shif...
An Important Warning To REIT Investors
The window of opportunity to buy REITs could be closing. They enjoy a very strong catalyst going into 2025. Warning: this could be your final chance to buy REITs at such low valuations.
First Industrial Realty Trust To Present At Nareit's REITWeek 2024 Investor Conference
CHICAGO , May 30, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will present at Nareit's REITW...