First Industrial Realty Trust (NYSE:FR) - Stock Price, News & Analysis

FR Stock Overview

FR fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	2/6
Financial Health	2/6
Dividends	5/6

Rewards

Trading at 30.9% below our estimate of its fair value

Revenue is forecast to grow 8.62% per year

Earnings grew by 2.1% over the past year

Pays a reliable dividend of 2.61%

Risk Analysis

Debt is not well covered by operating cash flow

Earnings are forecast to decline by an average of 8.1% per year for the next 3 years

Large one-off items impacting financial results

First Industrial Realty Trust, Inc. Competitors

STAG Industrial

NYSE:STAG

US$6.3b

EastGroup Properties

NYSE:EGP

US$7.7b

Terreno Realty

NYSE:TRNO

US$4.9b

Rexford Industrial Realty

NYSE:REXR

US$10.8b

Price History & Performance

Summary of all time highs, changes and price drops for First Industrial Realty Trust
Historical stock prices
Current Share Price	US$49.05
52 Week High	US$55.51
52 Week Low	US$42.91
Beta	0.98
1 Month Change	-4.91%
3 Month Change	-5.45%
1 Year Change	5.94%
3 Year Change	20.28%
5 Year Change	56.86%
Change since IPO	107.62%

First Industrial: Is It A Buy Following Another Quarter Of Record Rental Growth?

Jul 21

Recent updates

First Industrial: Is It A Buy Following Another Quarter Of Record Rental Growth?

Jul 21

First Industrial Realty: The Speculative Exposure Still Warrants A Higher Risk Premium

Feb 15

Should You Be Adding First Industrial Realty Trust (NYSE:FR) To Your Watchlist Today?

Feb 12

First Industrial Realty Trust FFO of $0.59 beats by $0.03, revenue of $144.62M beats by $4.87M

Feb 08

First Industrial Realty Trust FFO of $0.56 beats by $0.02, revenue of $130.05M beats by $2.5M

Jul 20

Is Now The Time To Put First Industrial Realty Trust (NYSE:FR) On Your Watchlist?

Jun 23

First Industrial's Growth Outpaces Its Valuation

Jun 13

If You Like EPS Growth Then Check Out First Industrial Realty Trust (NYSE:FR) Before It's Too Late

Mar 07

First Industrial Realty Trust: Still Not The Right Moment

Feb 27

First Industrial Realty Trust: Shares Offer Limited, If Any, Upside

Nov 02

First Industrial Realty (FR) Presents At REITweek 2021 Investor Virtual Conference - Slideshow

Jun 15

First Industrial Realty Trust: Quality But Too Expensive

May 05

Shareholders Will Most Likely Find First Industrial Realty Trust, Inc.'s (NYSE:FR) CEO Compensation Acceptable

Apr 29

Are Insiders Selling First Industrial Realty Trust, Inc. (NYSE:FR) Stock?

Feb 22

Did You Participate In Any Of First Industrial Realty Trust's (NYSE:FR) Fantastic 136% Return ?

Jan 18

Could The Market Be Wrong About First Industrial Realty Trust, Inc. (NYSE:FR) Given Its Attractive Financial Prospects?

Dec 12

First Industrial Realty: Left Behind And Set For Growth

Dec 04

First Industrial raised, Prologis cut by KeyBanc amid lower view for industrial REITs

Nov 23

Shareholder Returns

	FR	US Industrial REITs	US Market
7D	-4.1%	-6.3%	-3.1%
1Y	5.9%	4.4%	15.1%

Return vs Industry: FR exceeded the US Industrial REITs industry which returned 4.4% over the past year.

Return vs Market: FR underperformed the US Market which returned 15.1% over the past year.

Price Volatility

Is FR's price volatile compared to industry and market?
FR volatility
FR Average Weekly Movement	2.6%
Industrial REITs Industry Average Movement	3.0%
Market Average Movement	5.5%
10% most volatile stocks in US Market	14.2%
10% least volatile stocks in US Market	2.5%

Stable Share Price: FR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FR's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	157	Peter Baccile	https://www.firstindustrial.com

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 69.4 million square feet of industrial space as of June 30, 2023.

First Industrial Realty Trust, Inc. Fundamentals Summary

How do First Industrial Realty Trust's earnings and revenue compare to its market cap?
FR fundamental statistics
Market Cap	US$6.65b
Earnings (TTM)	US$316.17m
Revenue (TTM)	US$587.39m

20.5x

P/E Ratio

11.0x

P/S Ratio

Is FR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FR income statement (TTM)
Revenue	US$587.39m
Cost of Revenue	US$158.37m
Gross Profit	US$429.03m
Other Expenses	US$112.85m
Earnings	US$316.17m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	2.39
Gross Margin	73.04%
Net Profit Margin	53.83%
Debt/Equity Ratio	85.2%

How did FR perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

51%

Payout Ratio

Does FR pay a reliable dividends?

See FR dividend history and benchmarks

When do you need to buy FR by to receive an upcoming dividend?
First Industrial Realty Trust dividend dates
Ex Dividend Date	Sep 28 2023
Dividend Pay Date	Oct 16 2023
Days until Ex dividend	3 days
Days until Dividend pay date	21 days

Does FR pay a reliable dividends?

See FR dividend history and benchmarks

FR Stock Overview

Rewards

Risk Analysis

First Industrial Realty Trust, Inc. Competitors

NYSE:STAG

US$6.3b

NYSE:EGP

US$7.7b

NYSE:TRNO

US$4.9b

NYSE:REXR

US$10.8b

Price History & Performance

Recent News & Updates

Upcoming dividend of US$0.32 per share at 2.6% 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

First Industrial: Is It A Buy Following Another Quarter Of Record Rental Growth?

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

Recent updates

Upcoming dividend of US$0.32 per share at 2.6% 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

First Industrial: Is It A Buy Following Another Quarter Of Record Rental Growth?

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

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 US$397k worth of stock

CFO, Senior VP notifies of intention to sell stock

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued

First Industrial Realty Trust, Inc., Annual General Meeting, May 03, 2023

First Industrial Realty: The Speculative Exposure Still Warrants A Higher Risk Premium

Should You Be Adding First Industrial Realty Trust (NYSE:FR) To Your Watchlist Today?

Full year 2022 earnings: EPS exceeds analyst expectations

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

First Industrial Realty Trust FFO of $0.59 beats by $0.03, revenue of $144.62M beats by $4.87M

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

General Counsel & Secretary exercised options and sold US$311k worth of stock

Now 21% undervalued

Upcoming dividend of US$0.29 per share

First Industrial: Not The Best Time For Speculative Development

First Industrial Realty Trust, Inc. Declares Common Stock Dividend for the Quarter Ending December 31, 2022, Payable on January 17, 2023

Consensus EPS estimates increase by 47%

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Industrial Realty Trust Q3 2022 Earnings Preview

Do First Industrial Realty Trust's (NYSE:FR) Earnings Warrant Your Attention?

First Industrial Realty Trust, Inc. to Report Q3, 2022 Results on Oct 19, 2022

Upcoming dividend of US$0.29 per share

First Industrial Realty Trust: The Picture Keeps Getting Better

First Industrial Realty Trust, Inc. Declares Dividend for the Quarter Ending September 30, 2022, Payable on October 17, 2022

First Industrial Realty Trust declares $0.295 dividend

First Industrial Realty Trust, Inc. (NYSE:FR) acquired 12,500-square-foot building in Pacific from Sci Infrastructure, L.L.C. for $20 million.

Consensus forecasts updated

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Year 2022

First Industrial Realty Trust FFO of $0.56 beats by $0.02, revenue of $130.05M beats by $2.5M

First Industrial Realty Trust, Inc. to Report Q2, 2022 Results on Jul 20, 2022

Is Now The Time To Put First Industrial Realty Trust (NYSE:FR) On Your Watchlist?

Upcoming dividend of US$0.29 per share

First Industrial's Growth Outpaces Its Valuation

First Industrial Realty Trust, Inc. Declares Dividend for the Quarter Ending June 30, 2022, Payable on July 18, 2022

Now 21% undervalued after recent price drop

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Industrial Realty Trust, Inc. Provides Earnings Guidance for the Year 2022

First Industrial Realty Trust, Inc. to Report Q1, 2022 Results on Apr 20, 2022

Upcoming dividend of US$0.29 per share

If You Like EPS Growth Then Check Out First Industrial Realty Trust (NYSE:FR) Before It's Too Late

First Industrial Realty Trust: Still Not The Right Moment

First Industrial Realty Trust, Inc., Annual General Meeting, May 04, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Now 22% undervalued after recent price drop

First Industrial Realty Trust, Inc. Declares Common Dividend for the Quarter Ending March 31, 2022, Payable on April 18, 2022

Co-Founder notifies of intention to sell stock

Upcoming dividend of US$0.27 per share

First Industrial Realty Trust: Shares Offer Limited, If Any, Upside