First Industrial Realty Trust Past Earnings Performance

Past criteria checks 1/6

First Industrial Realty Trust has been growing earnings at an average annual rate of 12.3%, while the Industrial REITs industry saw earnings growing at 19.1% annually. Revenues have been growing at an average rate of 9% per year. First Industrial Realty Trust's return on equity is 11.1%, and it has net margins of 46%.

Key information

12.3%

Earnings growth rate

11.2%

EPS growth rate

Industrial REITs Industry Growth	24.3%
Revenue growth rate	9.0%
Return on equity	11.1%
Net Margin	46.0%
Last Earnings Update	31 Mar 2024

Recent past performance updates

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: Not The Best Time For Speculative Development

Dec 07

First Industrial Realty Trust Q3 2022 Earnings Preview

Oct 19

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

Oct 11

First Industrial Realty Trust: The Picture Keeps Getting Better

Aug 21

First Industrial Realty Trust declares $0.295 dividend

Aug 05

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

Revenue & Expenses Breakdown
Beta

How First Industrial Realty Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:FR Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	624	287	40
31 Dec 23	618	275	37
30 Sep 23	612	267	36
30 Jun 23	595	316	36
31 Mar 23	572	378	35
31 Dec 22	540	359	34
30 Sep 22	517	391	34
30 Jun 22	498	310	35
31 Mar 22	485	245	35
31 Dec 21	476	271	35
30 Sep 21	467	240	34
30 Jun 21	462	234	32
31 Mar 21	454	217	32
31 Dec 20	448	196	33
30 Sep 20	448	209	33
30 Jun 20	439	251	32
31 Mar 20	433	255	31
31 Dec 19	426	238	29
30 Sep 19	420	192	27
30 Jun 19	413	145	26
31 Mar 19	408	150	26
31 Dec 18	404	163	28
30 Sep 18	401	210	27
30 Jun 18	400	222	27
31 Mar 18	399	214	27
31 Dec 17	396	201	28
30 Sep 17	392	127	28
30 Jun 17	387	115	27
31 Mar 17	382	128	27
31 Dec 16	378	121	27
30 Sep 16	373	141	26
30 Jun 16	372	123	26
31 Mar 16	369	87	26
31 Dec 15	366	74	25
30 Sep 15	363	37	25
30 Jun 15	357	31	24
31 Mar 15	351	20	25
31 Dec 14	347	19	23
30 Sep 14	338	13	24
30 Jun 14	331	4	24
31 Mar 14	325	-7	22
31 Dec 13	319	-11	23
30 Sep 13	316	-23	26
30 Jun 13	314	-23	25

Quality Earnings: FR has a large one-off gain of $134.9M impacting its last 12 months of financial results to 31st March, 2024.

Growing Profit Margin: FR's current net profit margins (46%) are lower than last year (66.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FR's earnings have grown by 12.3% per year over the past 5 years.

Accelerating Growth: FR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FR had negative earnings growth (-24.2%) over the past year, making it difficult to compare to the Industrial REITs industry average (6.9%).

First Industrial Realty Trust Past Earnings Performance

Past criteria checks 1/6

Key information

Recent past performance updates

First quarter 2024 earnings: EPS exceeds analyst expectations

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

Full year 2023 earnings: EPS exceeds analyst expectations

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

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

Recent updates

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

Consensus EPS estimates increase by 14%, revenue downgraded

New minor risk - Profit margin trend

First quarter 2024 earnings: EPS exceeds analyst expectations

First Industrial: Shares Attractive Despite Softer Q1 Results

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: EPS exceeds analyst expectations

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

First Industrial Is Positioned For A Strong 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

Price target decreased by 7.5% to US$52.54

First Industrial: Embedded Growth At A Discount

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

First Industrial: Buy The Dip On This Fast-Growing REIT

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

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

Revenue & Expenses Breakdown
Beta