First Industrial Realty Trust, Inc. (FR)

FR Stock Forecast

Stock Price Forecast

The 11 analysts that cover FR stock have a consensus rating of "Buy" and an average price target of $55, which forecasts a 6.38% increase in the stock price over the next year. The lowest target is $51 and the highest is $60.

Price Target: $55 (+6.38%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$51	$55	$55	$60
Change	-1.35%	+6.38%	+6.38%	+16.05%

Analyst Ratings

The average analyst rating for FR stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	May '25	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25
Strong Buy	1	1	1	1	1	1
Buy	5	5	5	4	4	4
Hold	5	5	5	5	5	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	11	11	11	10	10	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Richard Anderson Cantor Fitzgerald	Cantor Fitzgerald	Hold Initiates $55	Hold	Initiates	$55	+6.38%	Oct 1, 2025
Michael Carroll RBC Capital	RBC Capital	Buy Reiterates $60	Buy	Reiterates	$60	+16.05%	Sep 29, 2025
Vikram Malhorta Mizuho	Mizuho	Buy Maintains $53 → $56	Buy	Maintains	$53 → $56	+8.32%	Sep 8, 2025
Nicholas Yulico Scotiabank	Scotiabank	Hold Maintains $51 → $54	Hold	Maintains	$51 → $54	+4.45%	Aug 27, 2025
Blaine Heck Wells Fargo	Wells Fargo	Hold Maintains $57 → $54	Hold	Maintains	$57 → $54	+4.45%	May 19, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

745.01M

Increased by 10.83%

from 672.18M

Revenue Next Year

798.08M

Increased by 7.12%

from 745.01M

EPS This Year

1.61

Decreased by -25.87%

from 2.17

EPS Next Year

1.74

Increased by 8.22%

from 1.61

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	447.79M	476.13M	654.87M	618.20M	672.18M	745.01M	798.08M
Revenue Growth	5.24%	6.33%	37.54%	-5.60%	8.73%	10.83%	7.12%
EPS	1.53	2.09	2.72	2.07	2.17	1.61	1.74
EPS Growth	-18.62%	36.43%	30.20%	-23.83%	4.83%	-25.87%	8.22%
Forward PE	-	-	-	-	-	32.14	29.70
No. Analysts	-	-	-	-	-	9	9

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	771.9M	841.8M
Avg	745.0M	798.1M
Low	694.7M	715.7M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	14.8%	13.0%
Avg	10.8%	7.1%
Low	3.4%	-3.9%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	1.66	1.87
Avg	1.61	1.74
Low	1.50	1.59

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-23.5%	16.2%
Avg	-25.9%	8.2%
Low	-30.9%	-1.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.