First Industrial Realty Trust, Inc. (FR)

NYSE: FR · IEX Real-Time Price · USD
46.03
-0.44 (-0.95%)
At close: Apr 24, 2024, 4:00 PM
46.00
-0.03 (-0.07%)
Pre-market: Apr 25, 2024, 8:17 AM EDT
-0.95%
Market Cap 6.09B
Revenue (ttm) 626.88M
Net Income (ttm) 287.30M
Shares Out 132.34M
EPS (ttm) 2.17
PE Ratio 21.21
Forward PE 29.85
Dividend $1.48 (3.22%)
Ex-Dividend Date Mar 27, 2024
Volume 1,204,100
Open 46.02
Previous Close 46.47
Day's Range 45.84 - 46.40
52-Week Range 40.44 - 55.23
Beta 1.03
Analysts Buy
Price Target 53.45 (+16.12%)
Earnings Date Apr 17, 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]

Sector Real Estate
IPO Date Jun 23, 1994
Employees 156
Stock Exchange NYSE
Ticker Symbol FR
Full Company Profile

Financial Performance

In 2023, FR's revenue was $614.03 million, an increase of 13.72% compared to the previous year's $539.93 million. Earnings were $274.82 million, a decrease of -23.48%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for FR stock is "Buy." The 12-month stock price forecast is $53.45, which is an increase of 16.12% from the latest price.

Price Target
$53.45
(16.12% upside)
Analyst Consensus: Buy
Stock Forecasts

News

First Industrial Realty Trust Reports First Quarter 2024 Results

Signed 1.6 Million Square Feet of New Leases for Speculative Developments on Balance Sheet and 376,000 Square Feet in the Joint Venture in the First Quarter 45% Cash Rental Rate Increase on Leases Sig...

7 days ago - PRNewsWire

First Industrial Realty Trust To Host First Quarter 2024 Results Conference Call On April 18

CHICAGO , March 20, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its first quarter ...

5 weeks ago - PRNewsWire

First Industrial Realty Trust To Present At Citi's 2024 Global Property CEO Conference

CHICAGO , Feb. 29, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced that it will ...

7 weeks ago - PRNewsWire

First Industrial Realty Trust Announces Annual Meeting of Stockholders and Record Date

CHICAGO , Feb. 15, 2024 /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...

2 months ago - PRNewsWire

First Industrial Realty Trust Reports Fourth Quarter and Full Year 2023 Results

Cash Rental Rates Up 58.3% in 2023, Highest Annual Increase in Company History 39% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2024 Cash Same Store NOI Growth of 8.4% for Full Yea...

2 months ago - PRNewsWire

First Industrial Realty Trust Reports Tax Treatment of Common Stock Distributions

CHICAGO , Jan. 19, 2024 /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...

3 months ago - PRNewsWire

First Industrial Realty Trust To Host Fourth Quarter And Full Year 2023 Results Conference Call On February 8

CHICAGO , Jan. 17, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its fourth quarter ...

3 months ago - PRNewsWire

First Industrial Realty Trust Declares Common Stock Dividends

CHICAGO , Nov. 1, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that its boar...

6 months ago - PRNewsWire

These 3 Real Estate Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - First Industrial Realty (NYSE:FR), EastGroup Props (NYSE:EGP)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: EGPWELL
6 months ago - Benzinga

FIRST INDUSTRIAL REALTY TRUST REPORTS THIRD QUARTER 2023 RESULTS

60% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2023 38% Cash Rental Rate Increase on 2024 Rollovers Signed To-Date Cash Same Store NOI Growth of 7.4% in 3Q23, 8.7% YTD 3Q23 Sold ...

6 months ago - PRNewsWire

First Industrial Realty Trust To Host Third Quarter 2023 Results Conference Call On October 19

CHICAGO , Oct. 4, 2023 /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...

7 months ago - PRNewsWire

FIRST INDUSTRIAL REALTY TRUST DECLARES COMMON STOCK DIVIDENDS

CHICAGO , Aug. 3, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that its boar...

9 months ago - PRNewsWire

FIRST INDUSTRIAL REALTY TRUST REPORTS SECOND QUARTER 2023 RESULTS

Cash Rental Rates Up 74.1% in 2Q23 Cash Rental Rate Increase of 63% on Leases Signed To-Date Commencing in 2023 Cash Same Store NOI Growth of 10.8% in 2Q23; Occupancy of 97.7% at Quarter-End Renewed L...

10 months ago - PRNewsWire

3 Ignored Dividends Growing 66%+ (With Upside Ahead)

A recession or more rate hikes in late 2023? We contrarian dividend investors don't care!

Other symbols: ABTBCE
10 months ago - Forbes

Turbulence aboard Allegiant flight injures 2 passengers, 2 flight attendants

ST. PETERSBURG, Fla. — Two passengers and two flight attendants were injured when a plane hit turbulence Wednesday while flying from North Carolina to Florida, officials said.

Other symbols: ALGT
10 months ago - Market Watch

First Industrial Realty Trust to Host Second Quarter 2023 Results Conference Call on July 20

CHICAGO , July 6, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, will host its second quarter ...

10 months ago - PRNewsWire

First Industrial Realty Trust To Present At Nareit's REITWeek 2023 Investor Conference

CHICAGO , June 5, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, will present at Nareit's REIT...

11 months ago - PRNewsWire

BNP Paribas posts higher earnings and revenue, helped by U.S. sale

BNP Paribas said Wednesday that first-quarter revenue and earnings rose, helped by growth in all divisions and by the sale of Bank of the West.

1 year ago - Market Watch

FIRST INDUSTRIAL REALTY TRUST REPORTS FIRST QUARTER 2023 RESULTS

Cash Rental Rates Up 58.3% Cash Rental Rate Increase of 56% on Leases Signed To Date Commencing in 2023 Occupancy of 98.7%; Cash Same Store NOI Growth of 8.1% Signed 394,000 Square Feet of New Leases ...

1 year ago - PRNewsWire

First Industrial Realty Trust to Host First Quarter 2023 Results Conference Call on April 20

CHICAGO , April 4, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, will host its first quarter ...

1 year ago - PRNewsWire

There's still strong demand for industrial real estate, says CenterSquare Investments' Uma Moriarity

Uma Moriarity, CenterSquare Investment Management senior investment strategist, joins 'Closing Bell: Overtime' to discuss opportunity plays in real estate REITs.

Other symbols: AVBEQRPLDXLRE
1 year ago - CNBC Television

First Industrial Realty Trust to Present at Citi's 2023 Global Property CEO Conference

CHICAGO , March 3, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that it will...

1 year ago - PRNewsWire

FIRST INDUSTRIAL REALTY TRUST ANNOUNCES ANNUAL MEETING OF STOCKHOLDERS AND RECORD DATE

CHICAGO , Feb. 16, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that the Com...

1 year ago - PRNewsWire

First Industrial Realty Trust Reports Fourth Quarter and Full Year 2022 Results

Year-End Occupancy of 98.8% and Full Year Cash Same Store NOI Growth of 10.1%, Both Company Records Cash Rental Rates Up 26.7% in 2022, Highest Annual Increase in Company History Cash Rental Rate Incr...

1 year ago - PRNewsWire

FIRST INDUSTRIAL REALTY TRUST TO HOST FOURTH QUARTER AND FULL YEAR 2022 RESULTS CONFERENCE CALL ON FEBRUARY 9

CHICAGO , Jan. 24, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, will host its fourth quarter...

1 year ago - PRNewsWire