First Industrial Realty Trust

FR: 2025 Guidance And Resilient Margins Will Balance Uncertainties Ahead

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

27 Aug 24

Updated

05 Dec 25

Views

30

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

11.2%

7D

1.6%

Loading

1Y

11.2%

7D

1.6%

You can edit this narrative until Dec 6 2:10 AM. Then, changes will post as Updates.

Author's Valuation

US$59.52.0% undervalued

AnalystConsensusTarget Fair Value

Shared on 05 Dec 25

Fair value Increased 0.63%

FR: Raised Earnings Outlook Will Support Measured Fair-Value Case Going Forward

Analysts have modestly raised their price target on First Industrial Realty Trust, increasing fair value by approximately $0.38 per share to $59.50, as they factor in a slightly higher future valuation multiple that more than offsets marginally lower long term revenue growth and profit margin assumptions and a higher discount rate. What's in the News Raised 2025 earnings guidance, now expecting net income available to common stockholders and unitholders of $1.67 to $1.71 per unit, which signals improved profitability expectations (Key Developments) Valuation Changes The fair value estimate has risen slightly, moving from $59.13 to $59.50 per share, reflecting a modest uplift in intrinsic valuation.

Shared on 21 Nov 25

FR: Earnings Guidance Increase And Stable Margins Signal Balanced Outlook

Analysts have maintained their price target for First Industrial Realty Trust at $59.13 per share. This reflects continued confidence in the firm’s outlook despite minor adjustments to underlying financial assumptions.

Shared on 03 Nov 25

Fair value Increased 3.84%

Analysts have raised their price target for First Industrial Realty Trust from $56.94 to $59.13, citing improved profit margins and continued financial resilience as reasons for this upward revision. What's in the News The company has revised its 2025 earnings guidance to a range of $1.67 to $1.71 per unit (Key Developments).

Shared on 20 Oct 25

Fair value Increased 1.07%

First Industrial Realty Trust's analyst price target has been raised from $56.33 to $56.94, as analysts cite a modestly improved profit margin outlook, even though there is a slight moderation in projected revenue growth and future earnings multiples. What's in the News Revised 2025 earnings guidance: Net Income Available to Common Stockholders and Unitholders increased from $1.67 per unit to $1.71 per unit (Key Developments) Announced an $800 million follow-on equity offering of common stock with income trust features.

Shared on 07 May 25

Fair value Decreased 1.27%

Shared on 30 Apr 25

Fair value Decreased 2.84%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Decreased 3.89%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Increased 10%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget Fair Value

US$59.5

2.0% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

6.83%

Industrial REITs revenue growth rate

0.15%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.88%

Calculation

US$279.98m

Earnings '28

x

36.25x

PE Ratio '28

=

US$10.15b

Market Cap '28

US$10.15b

Market Cap '28

/

132.51m

No. shares '28

=

US$76.59

Share Price '28

US$76.59 Share Price '28

Discounted to 2025 @ 8.92% p.a.

=

US$59.27

Fair Value '25