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    F

    First Industrial Realty Trust Inc (FR)

    Official site

    REAL ESTATE • REIT - INDUSTRIAL • NYSE

    $55.17
    -0.02 (-0.03%)

    Market Cap: $7.56B

    Last updated: Oct 28, 2026 at 4:10 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    78%(31/40)
    Avg Surprise
    +50.42%

    Upcoming Estimates

    Period ending Dec 31, 2026
    EPS Consensus$1.31
    Range$1.30 - $1.32
    2 analysts
    Revenue Consensus
    $208M
    Range$205M - $211M
    5 analysts
    Period ending Mar 31, 2027
    EPS Consensus$0.38
    Range$0.38 - $0.39
    3 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.40-4.4%
    60d ago$0.40-3.6%
    30d ago$0.40-3.6%
    7d ago$0.40-4.4%
    Current$0.38
    Revenue Consensus
    $206M
    Range$202M - $212M
    6 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Mar 27EST
    		-$0.38---
    Dec 26EST
    		-$1.31---
    Sep 26
    Reported Oct 21
    		$0.81$0.82-1.22%Miss+65.3%
    Jun 26
    Reported Jul 22
    		$0.82$0.80+2.50%Beat+95.2%
    Mar 26
    Reported Apr 22
    		$1.08$0.33+227.27%Beat+200.0%
    Dec 25
    Reported Feb 4
    		$0.59$0.42+40.48%Beat+13.5%
    Sep 25
    Reported Oct 15
    		$0.49$0.39+25.64%Beat-34.7%
    Jun 25
    Reported Jul 16
    		$0.42$0.39+7.69%Beat+7.7%
    Mar 25
    Reported Apr 16
    		$0.36$0.37-2.70%Miss-30.8%
    Dec 24
    Reported Feb 5
    		$0.52$0.35+48.57%Beat-22.4%
    Sep 24
    Reported Oct 16
    		$0.75$0.52+44.23%Beat+141.9%
    Jun 24
    Reported Jul 17
    		$0.39$0.41-4.88%Miss+21.9%
    Mar 24
    Reported Apr 17
    		$0.52$0.31+67.74%Beat+23.8%
    Dec 23
    Reported Feb 7
    		$0.67$0.31+116.13%Beat+8.1%
    Sep 23
    Reported Oct 18
    		$0.31$0.30+3.33%Beat+3.3%
    Jun 23
    Reported Jul 19
    		$0.32$0.29+10.34%Beat-63.2%
    Mar 23
    Reported Apr 19
    		$0.42$0.28+50.00%Beat+55.6%
    Dec 22
    Reported Feb 8
    		$0.62$0.26+138.46%Beat-28.7%
    Sep 22
    Reported Oct 19
    		$0.30$0.37-18.92%Miss+15.4%
    Jun 22
    Reported Jul 20
    		$0.87$0.34+155.88%Beat+278.3%
    Mar 22
    Reported Apr 20
    		$0.27$0.34-20.59%Miss+28.6%
    Dec 21
    Reported Feb 9
    		$0.87$0.26+234.62%Beat+33.8%
    Sep 21
    Reported Oct 20
    		$0.26$0.31-16.13%Miss+13.0%
    Jun 21
    Reported Jul 21
    		$0.23$0.22+4.55%Beat+9.5%
    Mar 21
    Reported Apr 21
    		$0.21$0.22-4.55%Miss-34.4%
    Dec 20
    Reported Feb 10
    		$0.65$0.18+261.11%Beat+225.0%
    Sep 20
    Reported Oct 21
    		$0.23$0.20+15.00%Beat+15.0%
    Jun 20
    Reported Jul 22
    		$0.21$0.21+0.00%Beat-32.3%
    Mar 20
    Reported Apr 22
    		$0.32$0.19+68.42%Beat+68.4%
    Dec 19
    Reported Feb 12
    		$0.20$0.20+0.00%Beat-50.0%
    Sep 19
    Reported Oct 23
    		$0.20$0.20+0.00%Beat+11.1%
    Jun 19
    Reported Jul 24
    		$0.31$0.19+63.16%Beat+93.8%
    Mar 19
    Reported Apr 23
    		$0.19$0.17+11.76%Beat+11.8%
    Dec 18
    Reported Feb 13
    		$0.40$0.19+110.53%Beat+150.0%
    Sep 18
    Reported Oct 24
    		$0.18$0.19-5.26%Miss-47.1%
    Jun 18
    Reported Jul 25
    		$0.16$0.17-5.88%Miss-50.0%
    Mar 18
    Reported Apr 24
    		$0.17$0.12+41.67%Beat-10.5%
    Dec 17
    Reported Feb 21
    		$0.16$0.15+6.67%Beat-20.0%
    Sep 17
    Reported Oct 25
    		$0.34$0.16+112.50%Beat-
    Jun 17
    Reported Jul 26
    		$0.32$0.14+128.57%Beat-
    Mar 17
    Reported Apr 25
    		$0.19$0.13+46.15%Beat-
    Dec 16
    Reported Feb 22
    		$0.20$0.13+53.85%Beat-

    Dividends

    Dividend Metrics

    Forward Yield3.62%
    Forward Annual Dividend$2.00
    Payout Ratio58.50%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+14.69%
    5Y CAGR+12.22%
    FR dividend history and ex-dividend datesRun FR in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio16.72EV/EBITDA18.78x
    Price/FCF-37.57xFCF Yield-2.66%
    Profitability
    Profit Margin46.10%Operating Margin44.20%
    ROE13.40%ROIC5.41%
    Financial Health
    Debt/Equity1.90xInterest Coverage4.75x
    Current Ratio0.88xQuick Ratio0.88x
    Trading Statistics
    Beta1.04Avg Volume1.63M
    52-Week High$69.3152-Week Low$52.49

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$57.32
    SMA 20$58.32
    SMA 50$60.17
    SMA 200$60.79
    EMA 10$56.88
    EMA 20$58.04
    EMA 50$59.76
    EMA 200$59.77

    MACD

    Line: -1.34Signal: -0.95Hist: -0.39

    ADX

    ADX: 32.8+DI: 12.5-DI: 35.8

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down92.0
    PSAR$59.84

    Bollinger Bands

    Upper Band$61.84
    Lower Band$54.80
    %B Position1207%(Upper)
    Band Width0.05

    RSI (14-Day)

    Neutral
    30.6

    Momentum Oscillators

    Stoch %K10.8
    Stoch %D12.6
    Williams %R-85.6
    ROC (10d)-7.8%
    Momentum-4.68
    CCI (20d)-168.2
    MFI (14d)55.8

    Volatility Measures

    ATR (14d)$1.34(2.4%)
    StdDev (20d)1.76
    Hist Vol30.3%(Moderate)

    Volume Flow

    VWAP$55.16
    OBV22.5M
    AD Line-536.4M
    CMF (20d)-0.172

    Volume Metrics

    Avg Vol (20d)1.7M
    Vol Ratio1.6x(High)
    VWMA (20d)$57.54

    Pivot Points

    R3$57.06
    R2$56.38
    R1$55.79
    Pivot Point$55.11
    S1$54.52
    S2$53.84
    S3$53.25

    Advanced Oscillators

    TSI-32.96
    Ultimate Osc34.6
    KST-52.30

    Financial Data

    QuarterSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
    Total Revenue$197.12M$194.94M$194.83M$188.41M$181.43M$180.16M$177.07M$175.59M$167.65M$164.14M$162.27M$157.28M
    Cost of Revenue$0$0$0$148.85M$0$0$0$48.40M$0$0$0$-42,182,000
    Gross Profit$197.12M$194.94M$194.83M$188.41M$181.43M$180.16M$177.07M$175.59M$167.65M$164.14M$162.27M$199.46M
    Operating Expenses$111.55M$108.63M$128.22M$114.34M$102.07M$102.54M$109.14M$104.99M$97.84M$97.00M$101.04M$136.46M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$8.61M$8.85M$22.97M$9.06M$8.55M$8.43M$15.90M$10.30M$9.23M$9.62M$11.78M$9.79M
    Operating Income$85.56M$86.31M$66.61M$74.07M$79.36M$77.62M$67.93M$70.60M$69.81M$67.13M$61.23M$63.00M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$24.79M$24.47M$23.82M$21.96M$21.73M$21.72M$19.47M$20.11M$20.84M$21.13M$20.90M$20.41M
    Income Before Tax$60.78M$78.44M$151.82M$65.19M$67.17M$57.02M$55.31M$70.48M$104.88M$52.14M$70.28M$90.81M
    Income Tax Expense$309,000$-1,177,000$4.01M$9.11M$192,000$79,000$5.90M$1.17M$3.30M$426,000$1.18M$733,000
    Net Income$60.52M$79.69M$147.92M$86.95M$67.36M$56.88M$52.88M$70.44M$102.17M$52.88M$70.50M$91.69M
    EBITDA$138.05M$153.35M$238.29M$136.75M$135.98M$127.34M$129.63M$136.31M$166.97M$118.48M$138.92M$154.71M
    EBIT$85.56M$102.90M$175.64M$87.16M$88.90M$78.74M$74.78M$90.59M$125.71M$73.27M$91.17M$111.22M
    * Some calculated fields are derived from available data when not provided by source

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    News

    First Industrial Realty Trust (NYSE:FR) Stock Gets Downgrade from Raymond James Financial

    Raymond James Financial downgraded First Industrial Realty Trust (NYSE:FR) from a "strong-buy" to an "outperform" rating, setting a $71.00 price target. Despite the downgrade, the firm remains bullish on FR...

    MarketBeat•10/26/26•Neutral

    First Industrial Realty Trust (NYSE:FR) Price Target Cut to $58.00 by Analysts at Cantor Fitzgerald

    Cantor Fitzgerald has reduced its price target for First Industrial Realty Trust (NYSE:FR) from $71.00 to $58.00, while maintaining a "neutral" rating. Despite this...

    MarketBeat•10/26/26•Somewhat-Bearish

    First Industrial Realty Trust, Inc. $FR Shares Bought by Robeco Institutional Asset Management B.V.

    Robeco Institutional Asset Management B.V. significantly increased its stake in First Industrial Realty Trust, acquiring an additional 32,000 shares to hold 180,619 shares valued at $10.8 million. The company maintains...

    MarketBeat•10/25/26•Neutral

    First Industrial Realty Trust, Inc. (FR) stock price, news, quote and history

    First Industrial Realty Trust, Inc. (FR) stock is trading at $61.20, down 0.26%. The company recently announced a cash dividend of $0.50 with an ex-date of September 30...

    Yahoo Finance Singapore•10/25/26•Somewhat-Bullish

    First Industrial Realty Trust Inc (FR) (Q3 2026) Earnings Call Highlights: FFO Guidance Raised as Occupancy Tops Forecasts

    First Industrial Realty Trust Inc (FR) raised its NAREIT FFO midpoint guidance to $3.13 per share for Q3 2026 and reported 94.1% in-service occupancy...

    GuruFocus•10/24/26•Somewhat-Bullish

    FR Valuation and Fair Value

    P/E
    16.7x
    Forward P/E
    36.8x
    EV/EBITDA
    18.8x
    P/FCF
    -37.6x
    PEG
    3.7x
    P/B
    2.5x
    See GNG's fair value

    FR Profitability: Margins, ROIC and FCF

    Gross margin
    100.0%
    Operating margin
    44.2%
    Net margin
    46.1%
    ROIC
    5.4%
    ROE
    13.4%
    FCF margin
    -25.1%
    FCF yield
    -2.7%

    FR Competitors

    CompanyTicker
    NNN REIT, Inc.NNN
    Compass IncCOMP
    Schwab U.S. REIT ETFSCHH
    Macerich CompanyMAC
    Agree Realty CorporationADC
    STAG Industrial IncSTAG
    CareTrust REIT Inc.CTRE
    Terreno Realty CorporationTRNO

    Sector: Real Estate

    FR Analyst Ratings

    Consensus
    Buy
    Analysts
    17
    Strong Buy
    3
    Buy
    7
    Hold
    7
    Sell
    0
    Strong Sell
    0

    FR Bull Case vs Bear Case

    Bull case

    • FR has a 46.1% net profit margin.
    • FR beat EPS estimates in 75.0% of its last 8 reported quarters.

    FR Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    43.5%
    EPS estimate (fiscal period ending Dec 31, 2026)
    $1.31

    FR Dividend

    Forward yield
    3.6%
    Payout ratio
    58.5%
    3Y DPS growth
    14.7%
    5Y DPS growth
    12.2%
    Pay months
    Jan, Apr, Jul, Oct
    FR dividend history

    Frequently Asked Questions About FR

    What is FR's current dividend yield?

    First Industrial Realty Trust Inc (FR) has a forward dividend yield of 3.62%.

    Does FR pay dividends?

    Yes, First Industrial Realty Trust Inc pays dividends with a forward dividend yield of 3.62%.

    What is FR's P/E ratio?

    First Industrial Realty Trust Inc has a price-to-earnings (P/E) ratio of 16.72.

    What is FR's market cap?

    First Industrial Realty Trust Inc (FR) has a market capitalization of $7.56B with a current stock price of $55.17.

    Related stocks

    Sector: Real Estate

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