First Industrial Realty Trust, Inc. (FR)
| Market Cap | 8.52B +38.8% |
| Revenue (ttm) | 745.20M +8.6% |
| Net Income | 342.27M +28.2% |
| EPS | 2.58 +28.5% |
| Shares Out | 137.02M |
| PE Ratio | 23.76 |
| Forward PE | 33.26 |
| Dividend | $2.00 (3.22%) |
| Ex-Dividend Date | Mar 31, 2026 |
| Volume | 76,994 |
| Open | 61.99 |
| Previous Close | 61.37 |
| Day's Range | 61.86 - 62.42 |
| 52-Week Range | 46.51 - 64.66 |
| Beta | 1.13 |
| Analysts | Buy |
| Price Target | 61.42 (-1.17%) |
| Earnings Date | Apr 22, 2026 |
About FR
First Industrial Realty Trust, Inc. 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. In total, we own and have under development approximately 71.6 million square feet of industrial space concentrated in 15 target MSAs as of December 31, 2025. First Industrial Realty Trust, Inc. wa... [Read more]
Financial Performance
In 2025, FR's revenue was $727.56 million, an increase of 8.24% compared to the previous year's $672.18 million. Earnings were $247.30 million, a decrease of -13.94%.
Financial StatementsAnalyst Summary
According to 12 analysts, the average rating for FR stock is "Buy." The 12-month stock price target is $61.42, which is a decrease of -1.17% from the latest price.
News
First Industrial Realty Trust Earnings Call Transcript: Q1 2026
Q1 2026 saw strong leasing, a key SoCal renewal, and a $131M Phoenix land sale at a premium. FFO guidance is unchanged, with robust rent growth and active markets in PA and South Florida. Capital remains focused on development, with share buybacks during market dips.
First Industrial Realty Trust Reports First Quarter 2026 Results
Cash Same Store NOI Growth of 8.7% Cash Rental Rates Up 32% in 1Q26 41% Cash Rental Rate Increase on Leases Signed To Date Commencing in 2026; Includes 556,000 SF Renewal in the Inland Empire Signed A...
Land & Buildings Responds to First Industrial's Latest Shareholder Letter Ahead of April 30 Annual Meeting
STAMFORD, Conn.--(BUSINESS WIRE)--Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings,” “L&B,” “us” or “we”), a shareholder of First Industrial Realty T...
First Industrial Realty Trust to Host First Quarter 2026 Results Conference Call on April 23
Announces Property Tours for Investors/Analysts: Southern California May 12th and New Jersey June 4th CHICAGO, April 8, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading f...
Land & Buildings Sends Letter to First Industrial Realty Trust Shareholders Highlighting the Need for Shareholders to Send a Clear Message That Further Change is Required
STAMFORD, Conn.--(BUSINESS WIRE)--Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings,” “L&B,” “us” or “we”), a shareholder of First Industrial Realty T...
First Industrial Realty Trust Comments on Land & Buildings' Withdrawal of Jonathan Litt as a Director Nominee
CHICAGO, March 20, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today commented on Land & Bui...
Land & Buildings Sends Letter to First Industrial Realty Trust Shareholders Detailing Why Investors Should Withhold Votes for Entrenched Directors
STAMFORD, Conn.--(BUSINESS WIRE)--Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings,” “L&B,” “us” or “we”), a shareholder of First Industrial Realty T...
First Industrial Realty Trust Appoints Frank E. Schmitz to Board of Directors
Announces $250 Million Share Repurchase Authorization, Plans Series of Market Tours for Investors/Analysts in 2026 CHICAGO, March 16, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR...
Land & Buildings Issues Letter Detailing First Industrial's Governance Discount
STAMFORD, Conn.--(BUSINESS WIRE)--Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings,” “L&B,” “us” or “we”), a shareholder of First Industrial Realty T...
Land & Buildings Issues Letter Detailing Why Change Is Needed at First Industrial Realty Trust
STAMFORD, Conn.--(BUSINESS WIRE)--Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings,” “L&B,” “us” or “we”), a shareholder of First Industrial Realty T...
First Industrial Realty Trust Earnings Call Transcript: Q4 2025
Delivered strong 2025 results with 12% FFO growth, robust leasing, and high retention. 2026 guidance projects continued NOI and FFO growth, supported by new developments and stable market demand. Dividend increased 12.4% to reflect anticipated cash flow growth.
FIRST INDUSTRIAL REALTY TRUST REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
2025 NAREIT FFO/Share Growth of 11.7% 32% Cash Rental Rate Increase on Leases Commencing in 2025; 37% Increase Excluding 1.3 MSF Fixed-Rate Renewal 35% Cash Rental Rate Increase on Leases Signed To Da...
First Industrial Realty Trust Closes $425 Million and $375 Million Unsecured Term Loans
CHICAGO, Jan. 22, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced the refinancin...
First Industrial Realty Trust Reports Tax Treatment of Common Stock Distributions
CHICAGO, Jan. 20, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today reported the tax treatme...
First Industrial Realty Trust To Host Fourth Quarter And Full Year 2025 Results Conference Call On February 5
CHICAGO, Jan. 8, 2026 /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 an...
Land & Buildings Issues Presentation Detailing First Industrial's Underappreciated Portfolio Quality and Substantial Discount to NAV
STAMFORD, Conn.--(BUSINESS WIRE)--Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings,” “L&B,” “us” or “we”), a shareholder of First Industrial Realty T...
Activist investor Litt urges changes at First Industrial Realty to boost stock, sources say
Activist investor Jonathan Litt wants warehouse operator First Industrial Realty Trust to sell assets, return capital to shareholders and refresh its board, steps that could boost the stock price by 3...
First Industrial Realty Trust Declares Common Stock Dividends
CHICAGO , Oct. 29, 2025 /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 Earnings Call Transcript: Q3 2025
Third quarter results showed strong FFO growth, robust leasing activity, and higher rental rates, with 95% of 2025 rollovers addressed and early progress on 2026. Guidance was raised on development leasing wins and lower interest expense, while market fundamentals are stabilizing.
FIRST INDUSTRIAL REALTY TRUST REPORTS THIRD QUARTER 2025 RESULTS
Signed 772,000 SF of New Leases for Development Projects in the Third Quarter and Fourth Quarter To-Date Remaining 501,000 SF at Building C at Our Camelback 303 JV in Phoenix in 3Q25 56,000 SF at Firs...
First Industrial Realty Trust To Host Third Quarter 2025 Results Conference Call On October 16
CHICAGO , Sept. 23, 2025 /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 ...
First Industrial Realty Trust Earnings Call Transcript: Q2 2025
FFO rose to $0.76 per share, with strong rental rate growth and full lease-up of key developments. Guidance remains steady, though higher interest expense is expected in the second half, and tariff uncertainty continues to impact leasing momentum.
First Industrial Realty Trust Reports Second Quarter 2025 Results
Second Quarter Cash Same Store NOI Growth of 8.7% 33% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2025; 38% Increase Excluding 1.3 MSF Fixed-Rate Renewal Signed a 58,000 SF Lease ...
First Industrial Realty Trust To Host Second Quarter 2025 Results Conference Call On July 17
CHICAGO , July 1, 2025 /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 2...
First Industrial Realty Trust Transcript: Nareit REITweek: 2025 Investor Conference
Industrial leasing and renewals remain strong, with robust rent growth and high occupancy. Development starts are disciplined, focusing on high-yield projects and strategic land positions. Financials are solid, with low leverage, strong credit, and a recent successful bond offering.