Symbols / FR Stock $61.58 -0.16% First Industrial Realty Trust, Inc.

Real Estate • REIT - Industrial • United States • NYQ
FR (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Real Estate
Industry REIT - Industrial
CEO Mr. Peter E. Baccile
Exch · Country NYQ · United States
Market Cap 8.44B
Enterprise Value 10.80B
Income 342.27M
Sales 745.20M
FCF (ttm) 238.99M
Book/sh 20.80
Cash/sh 0.28
Employees 151
Insider 10d —
IPO Jun 24, 1994
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 70.85%
P/E 23.78
Forward P/E 33.10
PEG —
P/S 11.32
P/B 2.96
P/C —
EV/EBITDA 21.20
EV/Sales 14.50
Quick Ratio 1.63
Current Ratio 1.67
Debt/Eq 90.65
LT Debt/Eq —
EPS (ttm) 2.59
EPS next Y 1.86
EPS Growth 199.70%
Revenue Growth 10.00%
EPS Gr Q/Q 197.50%
Rev Gr Q/Q —
Earnings (next) 2026-07-22
Earnings (prior) 2026-04-22
ROA 3.42%
ROE 12.84%
ROIC —
Gross Margin 73.53%
Oper. Margin 34.99%
Profit Margin 45.95%
Shs Outstand 132.57M
Shs Float 131.68M
Insider Own 0.35%
Instit Own 104.19%
Short Float 3.75%
Short Ratio 4.04
Short Interest 3.68M
52W High 64.66
vs 52W High -4.76%
52W Low 47.36
vs 52W Low 30.03%
Beta 1.07
Impl. Vol. 50.64%
Rel Volume 1.03
Avg Volume 942.37K
Volume 970.23K
Target (mean) $66.87
Tgt Median $67.00
Tgt Low $61.00
Tgt High $74.00
# Analysts 15
Recom Buy
Prev Close $61.68
Price $61.58
Change -0.16%
About

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 March 31, 2026. First Industrial Realty Trust, Inc. was established on August 10, 1993 and is based in Chicago, United States.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$66.87
Mean price target
2. Current target
$61.58
Latest analyst target
3. DCF / Fair value
$32.45
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$61.58
Low
$61.00
High
$74.00
Mean
$66.87

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-06-01 main Wells Fargo Equal-Weight → Equal-Weight $61
2026-05-15 main Truist Securities Buy → Buy $67
2026-04-28 main Baird Outperform → Outperform $68
2026-03-02 main Scotiabank Sector Perform → Sector Perform $63
2026-02-23 main Wells Fargo Equal-Weight → Equal-Weight $63
2026-02-18 main Truist Securities Buy → Buy $66
2026-02-11 main Citigroup Neutral → Neutral $63
2026-02-10 main RBC Capital Outperform → Outperform $66
2026-02-06 main Cantor Fitzgerald Neutral → Neutral $64
2026-01-20 main Truist Securities Buy → Buy $65
2026-01-14 main Scotiabank Sector Perform → Sector Perform $62
2025-12-04 main Mizuho Outperform → Outperform $62
2025-11-10 main Scotiabank Sector Perform → Sector Perform $57
2025-10-27 main Wells Fargo Equal-Weight → Equal-Weight $57
2025-10-24 main RBC Capital Outperform → Outperform $64
2025-10-23 main JP Morgan Overweight → Overweight $61
2025-10-21 main Goldman Sachs Neutral → Neutral $59
2025-10-01 init Cantor Fitzgerald — → Neutral $55
2025-09-29 reit RBC Capital Outperform → Outperform $60
2025-09-08 main Mizuho Outperform → Outperform $56
News
RSS: Latest FR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-30 DOMINSKI MATTHEW S Director — 2,419 $0.00 $0
2026-02-19 SCHULTZ PETER O Officer — 200 $0.00 $0
2025-12-17 YAP JOHANNSON L Chief Investment Officer — 680 $58.34 $39,688
2025-04-30 DOMINSKI MATTHEW S Director — 2,522 $0.00 $0
2024-12-17 MATTHEWS RICE JENNIFER General Counsel — 425 $0.00 $0
2024-12-16 SCHULTZ PETER O Officer — 100 $0.00 $0
2024-09-11 YAP JOHANNSON L Chief Investment Officer — 108 $0.00 $0
2024-09-05 MUSIL SCOTT A Chief Financial Officer — 325 $0.00 $0
2024-08-28 YAP JOHANNSON L Chief Investment Officer — 82 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
727.08
+8.58%
669.64
+9.06%
614.03
+13.72%
539.93
Operating Revenue
720.58
+8.60%
663.51
+9.23%
607.45
+13.85%
533.56
Cost Of Revenue
191.48
+4.74%
182.82
+10.36%
165.66
+15.31%
143.66
Reconciled Cost Of Revenue
181.71
+1.82%
178.47
+8.76%
164.09
+18.25%
138.76
Gross Profit
535.60
+10.02%
486.82
+8.58%
448.37
+13.15%
396.27
Operating Expense
227.89
+6.29%
214.40
+5.23%
203.74
+11.76%
182.30
Research And Development
0.63
-58.86%
1.53
-58.30%
3.67
+303.41%
0.91
Selling General And Administration
41.95
+2.47%
40.94
+10.27%
37.12
+9.27%
33.97
General And Administrative Expense
41.95
+2.47%
40.94
+10.27%
37.12
+9.27%
33.97
Other Gand A
41.95
+2.47%
40.94
+10.27%
37.12
+9.27%
33.97
Total Expenses
419.37
+5.58%
397.22
+7.53%
369.39
+13.32%
325.96
Operating Income
307.71
+12.95%
272.42
+11.36%
244.63
+14.33%
213.97
EBITDA
524.66
-5.81%
557.03
+11.15%
501.17
+2.00%
491.37
Normalized EBITDA
497.76
+11.84%
445.06
+9.75%
405.52
+11.68%
363.10
Reconciled Depreciation
195.08
+10.66%
176.29
+7.16%
164.51
+8.00%
152.32
EBIT
329.58
-13.44%
380.74
+13.09%
336.66
-0.70%
339.05
Total Unusual Items
26.91
-75.97%
111.97
+17.06%
95.65
-25.43%
128.27
Total Unusual Items Excluding Goodwill
26.91
-75.97%
111.97
+17.06%
95.65
-25.43%
128.27
Net Income
247.44
-13.95%
287.55
+4.64%
274.82
-23.48%
359.13
Pretax Income
244.69
-17.82%
297.77
+13.51%
262.32
-9.55%
290.03
Net Non Operating Interest Income Expense
-89.92
-3.81%
-86.62
-11.11%
-77.96
-49.35%
-52.20
Interest Expense Non Operating
84.89
+2.31%
82.97
+11.62%
74.33
+51.66%
49.01
Net Interest Income
-89.92
-3.81%
-86.62
-11.11%
-77.96
-49.35%
-52.20
Interest Expense
84.89
+2.31%
82.97
+11.62%
74.33
+51.66%
49.01
Other Income Expense
26.91
-75.97%
111.97
+17.06%
95.65
-25.43%
128.27
Gain On Sale Of Security
26.91
-75.97%
111.97
+17.06%
95.65
-25.43%
128.27
Tax Rate For Calcs
0.00
+206.12%
0.00
-38.43%
0.00
-58.87%
0.00
Tax Effect Of Unusual Items
1.68
-26.44%
2.28
-27.92%
3.17
-69.33%
10.33
Net Income Including Noncontrolling Interests
264.08
-10.78%
295.99
+3.55%
285.84
-25.10%
381.61
Net Income From Continuing Operation Net Minority Interest
247.44
-13.95%
287.55
+4.64%
274.82
-23.48%
359.13
Net Income From Continuing And Discontinued Operation
247.44
-13.95%
287.55
+4.64%
274.82
-23.48%
359.13
Net Income Continuous Operations
264.08
-10.78%
295.99
+3.55%
285.84
-25.10%
381.61
Minority Interests
-16.64
-97.25%
-8.43
+23.47%
-11.02
+50.97%
-22.48
Normalized Income
222.22
+24.93%
177.87
-2.45%
182.34
-24.40%
241.20
Net Income Common Stockholders
247.30
-13.94%
287.34
+4.65%
274.58
-23.47%
358.79
Otherunder Preferred Stock Dividend
0.15
-30.81%
0.21
-9.05%
0.23
-33.33%
0.35
Diluted EPS
1.87
-13.82%
2.17
+4.83%
2.07
-23.90%
2.72
Basic EPS
1.87
-13.82%
2.17
+4.33%
2.08
-23.53%
2.72
Basic Average Shares
132.45
+0.06%
132.37
+0.08%
132.26
+0.18%
132.02
Diluted Average Shares
132.51
+0.07%
132.42
+0.06%
132.34
+0.18%
132.10
Diluted NI Availto Com Stockholders
247.30
-13.94%
287.34
+4.65%
274.58
-23.47%
358.79
Depreciation Amortization Depletion Income Statement
185.32
+7.78%
171.94
+5.52%
162.95
+10.54%
147.42
Depreciation And Amortization In Income Statement
185.32
+7.78%
171.94
+5.52%
162.95
+10.54%
147.42
Earnings From Equity Interest Net Of Tax
34.67
+707.19%
4.29
-86.66%
32.21
-71.98%
114.94
Total Other Finance Cost
5.03
+38.04%
3.65
+0.55%
3.63
+13.77%
3.19
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
5,688.08
+8.11%
5,261.43
+1.66%
5,175.77
+4.47%
4,954.32
Current Assets
270.98
+19.63%
226.51
+13.90%
198.87
-27.73%
275.17
Cash Cash Equivalents And Short Term Investments
78.03
+75.31%
44.51
+1.52%
43.84
-67.09%
133.24
Cash And Cash Equivalents
78.03
+75.31%
44.51
+1.52%
43.84
-67.09%
133.24
Receivables
192.94
+13.37%
170.19
+9.78%
155.03
+19.20%
130.05
Accounts Receivable
192.94
+13.37%
170.19
+9.78%
155.03
+19.20%
130.05
Inventory
0.00
-100.00%
4.63
0.00
—
Finished Goods
0.00
-100.00%
4.63
0.00
—
Prepaid Assets
—
—
—
—
Restricted Cash
0.00
-100.00%
7.17
0.00
-100.00%
11.87
Other Current Assets
—
—
203.28
-9.33%
224.19
Total Non Current Assets
5,417.10
+7.59%
5,034.92
+1.17%
4,976.90
+6.36%
4,679.15
Net PPE
19.59
-1.39%
19.87
-17.95%
24.21
-1.50%
24.58
Gross PPE
19.59
-1.39%
19.87
-17.95%
24.21
-1.50%
24.58
Other Properties
19.59
-1.39%
19.87
-17.95%
24.21
-1.50%
24.58
Investments And Advances
5.66
-88.94%
51.18
+14.59%
44.66
+406.27%
8.82
Long Term Equity Investment
5.66
-88.94%
51.18
+14.59%
44.66
+406.27%
8.82
Non Current Deferred Assets
—
—
—
24.09
Other Non Current Assets
215.94
+6.28%
203.19
-0.04%
203.28
-9.33%
224.19
Total Liabilities Net Minority Interest
2,929.15
+16.45%
2,515.40
-0.99%
2,540.66
+4.81%
2,424.02
Current Liabilities
539.30
-5.47%
570.49
-3.86%
593.36
+24.02%
478.46
Payables And Accrued Expenses
241.54
+31.32%
183.93
-1.97%
187.63
-20.26%
235.29
Payables
241.54
+31.32%
183.93
-1.97%
187.63
-20.26%
235.29
Accounts Payable
178.88
+34.76%
132.74
-7.45%
143.43
-26.08%
194.03
Dividends Payable
62.66
+22.40%
51.19
+15.81%
44.20
+7.13%
41.26
Current Debt And Capital Lease Obligation
183.00
-35.11%
282.00
-5.69%
299.00
+109.09%
143.00
Current Debt
183.00
-35.11%
282.00
-5.69%
299.00
+109.09%
143.00
Current Deferred Liabilities
114.77
+9.76%
104.56
-2.04%
106.73
+6.56%
100.17
Current Deferred Revenue
114.77
+9.76%
104.56
-2.04%
106.73
+6.56%
100.17
Total Non Current Liabilities Net Minority Interest
2,389.85
+22.88%
1,944.91
-0.12%
1,947.30
+0.09%
1,945.57
Long Term Debt And Capital Lease Obligation
2,389.85
+22.88%
1,944.91
-0.12%
1,947.30
+0.09%
1,945.57
Long Term Debt
2,370.40
+22.99%
1,927.30
+0.10%
1,925.30
+0.10%
1,923.30
Long Term Capital Lease Obligation
19.45
+10.46%
17.61
-19.93%
21.99
-1.23%
22.27
Non Current Deferred Liabilities
—
—
106.73
+6.56%
100.17
Non Current Deferred Revenue
—
—
106.73
+6.56%
100.17
Stockholders Equity
2,671.39
+0.22%
2,665.61
+4.00%
2,562.97
+4.22%
2,459.20
Common Stock Equity
2,671.39
+0.22%
2,665.61
+4.00%
2,562.97
+4.22%
2,459.20
Capital Stock
1.32
+0.15%
1.32
+0.00%
1.32
+0.15%
1.32
Common Stock
1.32
+0.15%
1.32
+0.00%
1.32
+0.15%
1.32
Share Issued
132.47
+0.09%
132.35
+0.05%
132.29
+0.11%
132.14
Ordinary Shares Number
132.47
+0.09%
132.35
+0.05%
132.29
+0.11%
132.14
Additional Paid In Capital
2,436.24
+0.45%
2,425.25
+0.56%
2,411.67
+0.43%
2,401.33
Retained Earnings
230.67
+5.28%
219.09
+71.56%
127.71
+452.10%
23.13
Gains Losses Not Affecting Retained Earnings
3.16
-84.15%
19.94
-10.49%
22.27
-33.34%
33.41
Minority Interest
87.54
+8.85%
80.42
+11.49%
72.13
+1.45%
71.10
Other Equity Adjustments
3.16
-84.15%
19.94
-10.49%
22.27
-33.34%
33.41
Total Equity Gross Minority Interest
2,758.93
+0.47%
2,746.03
+4.21%
2,635.11
+4.14%
2,530.30
Total Capitalization
5,041.79
+9.77%
4,592.91
+2.33%
4,488.28
+2.41%
4,382.50
Working Capital
-268.33
+21.99%
-343.98
+12.81%
-394.49
-94.06%
-203.28
Invested Capital
5,224.79
+7.18%
4,874.91
+1.83%
4,787.28
+5.78%
4,525.50
Total Debt
2,572.85
+15.53%
2,226.91
-0.86%
2,246.30
+7.55%
2,088.57
Net Debt
2,475.36
+14.35%
2,164.79
-0.72%
2,180.46
+12.80%
1,933.06
Capital Lease Obligations
19.45
+10.46%
17.61
-19.93%
21.99
-1.23%
22.27
Net Tangible Assets
2,671.39
+0.22%
2,665.61
+4.00%
2,562.97
+4.22%
2,459.20
Tangible Book Value
2,671.39
+0.22%
2,665.61
+4.00%
2,562.97
+4.22%
2,459.20
Investment Properties
5,175.91
+8.72%
4,760.68
+1.19%
4,704.74
+6.40%
4,421.56
Investmentsin Joint Venturesat Cost
5.66
-88.94%
51.18
+14.59%
44.66
+406.27%
8.82
Line Of Credit
183.00
-35.11%
282.00
-5.69%
299.00
+109.09%
143.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
461.34
+30.86%
352.54
+15.66%
304.81
-25.83%
410.94
Cash Flow From Continuing Operating Activities
461.34
+30.86%
352.54
+15.66%
304.81
-25.83%
410.94
Net Income From Continuing Operations
264.08
-10.78%
295.99
+3.55%
285.84
-25.10%
381.61
Depreciation Amortization Depletion
195.08
+10.66%
176.29
+7.16%
164.51
+8.00%
152.32
Depreciation
148.94
+6.99%
139.20
+6.73%
130.43
+9.16%
119.48
Amortization Cash Flow
46.15
+24.42%
37.09
+8.81%
34.09
+3.78%
32.84
Depreciation And Amortization
195.08
+10.66%
176.29
+7.16%
164.51
+8.00%
152.32
Amortization Of Intangibles
46.15
+24.42%
37.09
+8.81%
34.09
+3.78%
32.84
Other Non Cash Items
-11.58
+32.52%
-17.16
+6.25%
-18.30
+24.60%
-24.27
Operating Gains Losses
-61.57
+47.04%
-116.27
+9.07%
-127.86
+47.43%
-243.21
Gain Loss On Investment Securities
-26.91
+75.97%
-111.97
-17.06%
-95.65
+25.43%
-128.27
Change In Working Capital
17.75
+65.29%
10.74
+258.28%
-6.78
-125.64%
26.45
Change In Receivables
-11.24
-1612.80%
-0.66
+72.26%
-2.37
+51.26%
-4.85
Changes In Account Receivables
-11.24
-1612.80%
-0.66
+72.26%
-2.37
+51.26%
-4.85
Change In Payables And Accrued Expense
28.98
+154.40%
11.39
+357.85%
-4.42
-114.11%
31.31
Change In Payable
28.98
+154.40%
11.39
+357.85%
-4.42
-114.11%
31.31
Change In Account Payable
28.98
+154.40%
11.39
+357.85%
-4.42
-114.11%
31.31
Investing Cash Flow
-524.18
-298.25%
-131.62
+65.21%
-378.31
+39.87%
-629.11
Cash Flow From Continuing Investing Activities
-524.18
-298.25%
-131.62
+65.21%
-378.31
+39.87%
-629.11
Net Business Purchase And Sale
-4.37
+23.77%
-5.73
+53.61%
-12.35
-119.89%
-5.62
Purchase Of Business
-4.37
+23.77%
-5.73
+53.61%
-12.35
-119.89%
-5.62
Net Other Investing Changes
0.94
-79.68%
4.61
-30.31%
6.62
+1275.13%
-0.56
Financing Cash Flow
89.19
+141.86%
-213.08
-667.01%
-27.78
-109.12%
304.50
Cash Flow From Continuing Financing Activities
89.19
+141.86%
-213.08
-667.01%
-27.78
-109.12%
304.64
Net Issuance Payments Of Debt
344.42
+2086.85%
-17.34
-111.14%
155.68
-66.12%
459.54
Issuance Of Debt
1,218.77
+279.68%
321.00
-14.17%
374.00
-68.44%
1,185.00
Repayment Of Debt
-874.35
-158.43%
-338.33
-54.97%
-218.32
+69.91%
-725.47
Long Term Debt Issuance
1,218.77
+279.68%
321.00
-14.17%
374.00
-68.44%
1,185.00
Long Term Debt Payments
-874.35
-158.43%
-338.33
-54.97%
-218.32
+69.91%
-725.47
Net Long Term Debt Issuance
344.42
+2086.85%
-17.34
-111.14%
155.68
-66.12%
459.54
Short Term Debt Issuance
—
—
—
—
Short Term Debt Payments
—
—
—
—
Net Short Term Debt Issuance
—
—
—
—
Net Common Stock Issuance
—
0.00
0.00
-100.00%
12.82
Common Stock Dividend Paid
-231.22
-19.50%
-193.48
-14.24%
-169.37
-9.04%
-155.33
Cash Dividends Paid
-231.22
-19.50%
-193.48
-14.24%
-169.37
-9.04%
-155.33
Net Other Financing Charges
-24.01
-958.98%
-2.27
+83.91%
-14.09
-12.54%
-12.52
Changes In Cash
26.35
+236.18%
7.84
+107.74%
-101.27
-217.30%
86.34
Beginning Cash Position
51.68
+17.88%
43.84
-69.79%
145.12
+146.88%
58.78
End Cash Position
78.03
+50.98%
51.68
+17.88%
43.84
-69.79%
145.12
Free Cash Flow
461.34
+30.86%
352.54
+15.66%
304.81
-25.83%
410.94
Interest Paid Supplemental Data
69.04
-16.69%
82.87
+13.71%
72.88
+56.92%
46.45
Income Tax Paid Supplemental Data
5.89
+11.13%
5.30
-80.91%
27.75
+638.14%
3.76
Common Stock Issuance
—
0.00
0.00
-100.00%
12.82
Dividend Received CFO
57.58
+1855.14%
2.94
-60.20%
7.40
-93.73%
118.03
Dividends Received CFI
69.50
0.00
0.00
-100.00%
29.36
Earnings Losses From Equity Investments
-34.67
-707.19%
-4.29
+86.66%
-32.21
+71.98%
-114.94
Issuance Of Capital Stock
—
0.00
0.00
-100.00%
12.82
Net Investment Properties Purchase And Sale
-590.25
-352.29%
-130.50
+64.97%
-372.57
+42.88%
-652.28
Purchase Of Investment Properties
-630.29
-117.77%
-289.43
+41.29%
-492.98
+40.44%
-827.69
Sale Of Investment Properties
40.05
-74.80%
158.92
+31.98%
120.41
-31.35%
175.41
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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