First Industrial Realty Trust, Inc. (FR)

NYSE: FR · IEX Real-Time Price · USD
50.62
+1.18 (2.39%)
Mar 24, 2023, 4:00 PM EDT - Market closed
2.39%
Market Cap 6.69B
Revenue (ttm) 539.93M
Net Income (ttm) 359.13M
Shares Out 132.21M
EPS (ttm) 2.72
PE Ratio 18.61
Forward PE 53.76
Dividend $1.18 (2.33%)
Ex-Dividend Date Dec 29, 2022
Volume 428,464
Open 49.20
Previous Close 49.44
Day's Range 49.17 - 50.74
52-Week Range 42.91 - 65.92
Beta 0.99
Analysts Buy
Price Target 60.18 (+18.89%)
Earnings Date Apr 19, 2023

About FR

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of indu... [Read more]

Sector Real Estate
IPO Date Jun 23, 1994
Employees 162
Stock Exchange NYSE
Ticker Symbol FR
Full Company Profile

Financial Performance

In 2022, FR's revenue was $539.93 million, an increase of 13.36% compared to the previous year's $476.29 million. Earnings were $359.13 million, an increase of 32.52%.

Financial Statements

Analyst Forecast

According to 22 analysts, the average rating for FR stock is "Buy." The 12-month stock price forecast is $60.18, which is an increase of 18.89% from the latest price.

Price Target
$60.18
(18.89% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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
2 weeks 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...

3 weeks 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 month ago - PRNewsWire

First Industrial Realty Trust (FR) Q4 FFO and Revenues Top Estimates

First Industrial Realty Trust (FR) delivered FFO and revenue surprises of 5.26% and 4.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock...

1 month ago - Zacks Investment Research

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 month ago - PRNewsWire

First Industrial Realty Trust (FR)'s Technical Outlook is Bright After Key Golden Cross

When a stock experiences a golden cross technical event, good things could be on the horizon. How should investors react?

1 month ago - Zacks Investment Research

7 REITs That Will Be Big Winners in 2023

Last year was the worst year for publicly-traded real estate investment trusts, or REITs, since 2008, as was recently pointed out in an article on WealthManagement . The FTSE All Equity REIT Index los...

Other symbols: BXPHSTMAAPEAKPSASPG
2 months ago - InvestorPlace

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...

2 months ago - PRNewsWire

First Industrial Realty Trust Reports Tax Treatment of Common Stock Distributions

CHICAGO , Jan. 18, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today reported the tax treat...

2 months ago - PRNewsWire

Adoption of Cohesity-Managed SaaS Offerings Skyrockets as Customers Demand an Innovative, Efficient, and Simple Way to Secure and Manage Data

LAS VEGAS--(BUSINESS WIRE)--Cohesity, a leader in data security and management, today announced at Amazon Web Services (AWS) re:Invent 2022 that it's seeing exceptional growth and uptake in the adop...

4 months ago - Business Wire

First Industrial Realty Trust Declares Common Stock Dividends

CHICAGO , Nov. 1, 2022 /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...

5 months ago - PRNewsWire

First Industrial Realty Trust (FR) Q3 FFO and Revenues Surpass Estimates

First Industrial Realty Trust (FR) delivered FFO and revenue surprises of 7.14% and 5.75%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stoc...

5 months ago - Zacks Investment Research

First Industrial Realty Trust Reports Third Quarter 2022 Results

2022 FFO Guidance Increased $0.04 at the Midpoint to $2.21 to $2.25 Per Share/Unit Occupancy of 98.3%; Cash Rental Rates Up 30.9%; Cash Same Store NOI Grew 8.5% 25% Cash Rental Rate Increase on 2022 R...

5 months ago - PRNewsWire

First Industrial Realty Trust to Host Third Quarter 2022 Results Conference Call on October 20

CHICAGO , Sept. 30, 2022 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, will host its third quarter...

6 months ago - PRNewsWire

Why First Industrial Realty Trust (FR) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Industrial Realty Trust (FR) have what it takes?

6 months ago - Zacks Investment Research

Forget Rate Hike, Bet on 3 REITs to Survive Market Volatility

REITs not only provide protection against inflation but also benefits from the improving fundamentals of the underlying asset categories, and PLD, FR and TRNO are showing strength.

Other symbols: PLDTRNO
6 months ago - Zacks Investment Research

Why First Industrial Realty Trust (FR) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Industrial Realty Trust (FR) have what it takes?

7 months ago - Zacks Investment Research

3 Reasons Why First Industrial Realty Trust (FR) Is a Great Growth Stock

First Industrial Realty Trust (FR) could produce exceptional returns because of its solid growth attributes.

7 months ago - Zacks Investment Research

First Industrial Realty Trust (FR) is a Top Dividend Stock Right Now: Should You Buy?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Industrial Realty Trust (FR) have what it takes?

7 months ago - Zacks Investment Research

First Industrial Realty Trust Closes New $300 Million Unsecured Term Loan

CHICAGO , Aug. 15, 2022 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced the closing ...

7 months ago - PRNewsWire

This is Why First Industrial Realty Trust (FR) is a Great Dividend Stock

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Industrial Realty Trust (FR) have what it takes?

8 months ago - Zacks Investment Research

First Industrial Realty Trust (FR) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Industrial Realty Trust (FR) have what it takes?

8 months ago - Zacks Investment Research

First Industrial Realty Trust (FR) Tops Q2 FFO and Revenue Estimates

First Industrial Realty Trust (FR) delivered FFO and revenue surprises of 5.66% and 2.34%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

First Industrial Realty Trust Reports Second Quarter 2022 Results

2022 FFO Guidance Increased $0.04 at the Midpoint to $2.15 to $2.23 Per Share/Unit Occupancy of 98.4%; Cash Rental Rates Up 27.0%; Cash Same Store NOI Grew 9.4% Leased 100% of 1.1 Million Square-Foot ...

8 months ago - PRNewsWire

Wall Street Analysts Predict a 33% Upside in First Industrial Realty Trust (FR): Here's What You Should Know

The consensus price target hints at a 33.4% upside potential for First Industrial Realty Trust (FR). While empirical research shows that this sought-after metric is hardly effective, an upward trend i...

8 months ago - Zacks Investment Research