First Industrial Realty Trust Inc

First Industrial Realty Trust Inc (FR) Stock Analysis

$61.940

-0.446 (-0.72%)At close

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High
63.130
Open
62.820
VWAP
62.32
Vol
386.14K
Mkt Cap
6.24B
Low
61.895
Amount
24.07M
EV/EBITDA, TTM
19.36

First Industrial Realty Trust, Inc. is a provider of industrial real estate. The Company owns, operates, develops and acquires logistics properties. The Company, through its fully integrated operating and investing platform, provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. Its portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. The Company owns and has under development approximately 69.5 million square feet of industrial space. Its tenants are engaged in a variety of businesses, including e-commerce, third-party logistics and transportation, consumer and other manufactured products, retail and consumer services, food and beverage, lumber and building materials, wholesale goods, health services, governmental and other. Through a wholly owned TRS of the Operating Partnership, it owns an equity interest in a joint venture.

Analyst Ratings (8)

-11.40% downside
Buy
4 Buy
4 Hold
0 Sell
Current: 61.94
Low
51.00
Average
54.88
High
59.00

Scotiabank

2026-08-12

Price Target

$66

Sector Perform

RBC Capital

2026-08-03

Price Target

$75

Outperform

Baird

2026-07-29

Price Target

$74

Outperform

Citi

2026-07-28

Price Target

$72

Neutral

Truist

2026-07-27

Price Target

$73

Buy

Valuation Metrics

The current forward P/E ratio for First Industrial Realty Trust Inc (FR) is 35.55, compared to its 5-year average forward P/E of 38.44.

Forward P/E

Fair
5Y Average P/E
38.44
Current P/E
35.55
Overvalued
46.61
Undervalued
30.27

Forward EV/EBITDA

Fair
5Y Average EV/EBITDA
21.78
Current EV/EBITDA
19.36
Overvalued
24.88
Undervalued
18.68

Forward P/S

Fair
5Y Average P/S
11.37
Current P/S
10.05
Overvalued
13.38
Undervalued
9.36

Alphio AI Price Scenarios for FR

Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.

B

Bull

Bull · 25%FR

$56.69

Scenario price

B

Base

Base · 50%FR

$48.85

Scenario price

B

Bear

Bear · 25%FR

$46.05

Scenario price

Whales holding FR

L

Liberty One Investment Management, LLC

+ HoldingFR

+7.08%

3M Return

C

CBRE Investment Management Listed Real Assets LLC

+ HoldingFR

+5.58%

3M Return

C

CenterSquare Investment Management LLC

+ HoldingFR

+5.02%

3M Return

H

Heitman Real Estate Securities LLC

+ HoldingFR

+4.66%

3M Return

A

Adelante Capital Management LLC

+ HoldingFR

+4.50%

3M Return

A

Alberta Investment Management Corporation

+ HoldingFR

+4.21%

3M Return

Events Timeline

2026-07-22 (ET)

17:00:00

Company Reports Q2 Revenue of $194.9M

2026-04-22 (ET)

16:50:00

First Industrial Realty Sees 2026 Adjusted FFO EPS $3.09-$3.19

16:50:00

Company Reports Q1 Revenue of $194.83M, Beating Consensus

2026-04-16 (ET)

09:30:00

Land & Buildings Urges Shareholders to Vote Against FR Board Re-election

2026-04-07 (ET)

08:30:00

Land & Buildings Highlights Inadequate Shareholder Returns from FR

News

FR FAQ — answered by Alphio AI

First Industrial Realty Trust, Inc. is a provider of industrial real estate. The Company owns, operates, develops and acquires logistics properties. The Company, through its fully integrated operating and investing platform, provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. Its portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. The Company owns and has under development approximately 69.5 million square feet of industrial space. Its tenants are engaged in a variety of businesses, including e-commerce, third-party logistics and transportation, consumer and other manufactured products, retail and consumer services, food and beverage, lumber and building materials, wholesale goods, health services, governmental and other. Through a wholly owned TRS of the Operating Partnership, it owns an equity interest in a joint venture. It operates in the Real Estate sector (REAL ESTATE INVESTMENT TRUSTS industry).

8 analysts cover FR: 4 rate it Buy, 4 Hold and 0 Sell. The average price target is 54.88.

This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.

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