F5W Stock Overview

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. More details

F5W fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	1/6
Financial Health	3/6
Dividends	5/6

Rewards

Trading at 33.4% below our estimate of its fair value

Revenue is forecast to grow 7.47% per year

Pays a reliable dividend of 3.65%

Risk Analysis

Debt is not well covered by operating cash flow

Large one-off items impacting financial results

Community vs My Fair Value

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First Industrial Realty Trust, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for First Industrial Realty Trust
Historical stock prices
Current Share Price	US$42.80
52 Week High	US$54.50
52 Week Low	US$37.40
Beta	1.1
1 Month Change	5.94%
3 Month Change	-19.25%
1 Year Change	-2.28%
3 Year Change	-12.30%
5 Year Change	25.15%
Change since IPO	27.76%

Recent updates

Shareholder Returns

	F5W	DE Industrial REITs	DE Market
7D	-4.9%	0%	0%
1Y	-2.3%	0%	0%

Return vs Industry: F5W exceeded the German Industrial REITs industry which returned -19.9% over the past year.

Return vs Market: F5W underperformed the German Market which returned 16% over the past year.

Price Volatility

Is F5W's price volatile compared to industry and market?
F5W volatility
F5W Average Weekly Movement	5.7%
Industrial REITs Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in DE Market	0%
10% least volatile stocks in DE Market	0%

Stable Share Price: F5W has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: F5W's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	151	Peter Baccile	www.firstindustrial.com

First Industrial Realty Trust, Inc. (NYSE: FR) 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. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets.

First Industrial Realty Trust, Inc. Fundamentals Summary

How do First Industrial Realty Trust's earnings and revenue compare to its market cap?
F5W fundamental statistics
Market cap	€5.87b
Earnings (TTM)	€235.60m
Revenue (TTM)	€605.22m

24.2x

P/E Ratio

9.4x

P/S Ratio

Is F5W overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
F5W income statement (TTM)
Revenue	US$685.88m
Cost of Revenue	US$185.44m
Gross Profit	US$500.45m
Other Expenses	US$233.44m
Earnings	US$267.00m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	2.02
Gross Margin	72.96%
Net Profit Margin	38.93%
Debt/Equity Ratio	86.8%

How did F5W perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

55%

Payout Ratio

Does F5W pay a reliable dividends?

See F5W dividend history and benchmarks

When do you need to buy F5W by to receive an upcoming dividend?
First Industrial Realty Trust dividend dates
Ex Dividend Date	Jun 30 2025
Dividend Pay Date	Jul 21 2025
Days until Ex dividend	39 days
Days until Dividend pay date	60 days

Does F5W pay a reliable dividends?

See F5W dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/22 07:24
End of Day Share Price	2025/05/21 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Industrial Realty Trust, Inc. is covered by 33 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nicholas Thillman	Baird
Anthony Powell	Barclays
Brendan Lynch	Barclays

F5W Stock Overview

Rewards

Risk Analysis

First Industrial Realty Trust, Inc. Competitors

STAG Industrial

Warehouses De Pauw

CapitaLand Ascendas REIT

Terreno Realty

Price History & Performance

Recent News & Updates

First Industrial Realty Trust, Inc. Declares Common Stock Dividends for the Quarter Ending June 30, 2025, Payable on July 21, 2025

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Fiscal 2025

First Industrial Realty Trust, Inc. (NYSE:FR) acquired 2 Buildings Totaling 796,000 Square Feet in Phoenix for $120 million.

First Industrial Realty Trust, Inc. to Report Q1, 2025 Results on Apr 16, 2025

First Industrial Realty Trust, Inc., Annual General Meeting, Apr 30, 2025

First Industrial Realty Trust, Inc. Declares Dividend for the Quarter Ending March 31, 2025, Payable on April 21, 2025

Recent updates

First Industrial Realty Trust, Inc. Declares Common Stock Dividends for the Quarter Ending June 30, 2025, Payable on July 21, 2025

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Fiscal 2025

First Industrial Realty Trust, Inc. (NYSE:FR) acquired 2 Buildings Totaling 796,000 Square Feet in Phoenix for $120 million.

First Industrial Realty Trust, Inc. to Report Q1, 2025 Results on Apr 16, 2025

First Industrial Realty Trust, Inc., Annual General Meeting, Apr 30, 2025

First Industrial Realty Trust, Inc. Declares Dividend for the Quarter Ending March 31, 2025, Payable on April 21, 2025

First Industrial Realty Trust, Inc. to Report Fiscal Year 2024 Results on Feb 05, 2025

Third quarter dividend of US$0.37 announced

First Industrial Realty Trust, Inc. Declares Common Stock Dividend for the Quarter Ending December 31, 2024, Payable on January 21, 2025

Third quarter 2024 earnings released: EPS: US$0.75 (vs US$0.57 in 3Q 2023)

An undisclosed buyer acquired 163,000 square feet, three buildings loacted in Central Pennsylvania from First Industrial Realty Trust, Inc. (NYSE:FR) for $19 million.

First Industrial Realty Trust, Inc. to Report Q3, 2024 Results on Oct 16, 2024

Upcoming dividend of US$0.37 per share

Second quarter dividend of US$0.37 announced

First Industrial Realty Trust, Inc. Declares Common Stock Dividends for the Quarter Ending September 30, 2024, Payable on October 21, 2024

Second quarter 2024 earnings released: EPS: US$0.39 (vs US$0.41 in 2Q 2023)

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Year 2024

First Industrial Realty Trust, Inc. to Report Q2, 2024 Results on Jul 17, 2024

First quarter dividend of US$0.37 announced

First Industrial Realty Trust, Inc. Declares Common Stock Dividend for the Quarter Ending June 30, 2024, Payable on July 15, 2024

New minor risk - Profit margin trend

First quarter 2024 earnings released: EPS: US$0.52 (vs US$0.42 in 1Q 2023)

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Year 2024

First Industrial Realty Trust, Inc. to Report Q1, 2024 Results on Apr 17, 2024

Upcoming dividend of US$0.37 per share

First Industrial Realty Trust, Inc., Annual General Meeting, Apr 30, 2024

Fourth quarter dividend of US$0.37 announced

Full year 2023 earnings released: EPS: US$2.08 (vs US$2.72 in FY 2022)

First Industrial Realty Trust, Inc. to Report Q4, 2023 Results on Feb 07, 2024

Upcoming dividend of US$0.32 per share at 2.5% yield

First Industrial Realty Trust, Inc. Declares Dividend for the Quarter Ending December 31, 2023 Payable on January 16, 2024

Third quarter 2023 earnings released: EPS: US$0.57 (vs US$0.94 in 3Q 2022)

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Year 2023

First Industrial Realty Trust, Inc. to Report Q3, 2023 Results on Oct 18, 2023

Upcoming dividend of US$0.32 per share at 2.5% yield

First Industrial Realty Trust, Inc. Declares Common Stock Dividend for the Quarter Ending September 30, 2023, Payable on October 16, 2023

New major risk - Financial position

Second quarter 2023 earnings released: EPS: US$0.41 (vs US$0.89 in 2Q 2022)

Now 21% undervalued after recent price drop

First Industrial Realty Trust, Inc. to Report Q2, 2023 Results on Jul 19, 2023

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.32 per share at 2.4% yield

Insufficient new directors

First Industrial Realty Trust, Inc. Declares Common Stock Dividend for the Quarter Ending June 30, 2023, Payable on July 17, 2023

CFO, Senior VP recently sold €360k worth of stock

First quarter 2023 earnings released: FFO per share: US$0.6 (vs US$0.53 in 1Q 2022)

Now 20% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$2.72 (vs US$2.09 in FY 2021)

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Fiscal 2023

First Industrial Realty Trust, Inc. to Report Q4, 2022 Results on Feb 08, 2023

Upcoming dividend of US$0.29 per share

Third quarter 2022 earnings released: FFO per share: US$0.6 (vs US$0.51 in 3Q 2021)

Upcoming dividend of US$0.29 per share

Second quarter 2022 earnings released: EPS: US$0.89 (vs US$0.40 in 2Q 2021)

Upcoming dividend of US$0.29 per share

First quarter 2022 earnings released: FFO: US$125.5m per share (vs US$0.46 in 1Q 2021)

First quarter 2022 earnings released: FFO: US$125.5m per share (vs US$0.46 in 1Q 2021)

Upcoming dividend of US$0.29 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.27 per share

Third quarter 2021 earnings released: FFO US$0.53 per share (vs US$0.50 in 3Q 2020)

Upcoming dividend of US$0.27 per share

First Industrial Realty Trust, Inc. Provides Earnings Guidance for 2021