First Industrial Realty Trust, Inc.

NYSE:FR Stock Report

Market Cap: US$6.9b

First Industrial Realty Trust Past Earnings Performance

Past criteria checks 4/6

First Industrial Realty Trust has been growing earnings at an average annual rate of 8.2%, while the Industrial REITs industry saw earnings growing at 19.6% annually. Revenues have been growing at an average rate of 9.6% per year. First Industrial Realty Trust's return on equity is 11.7%, and it has net margins of 47%.

Key information

8.2%

Earnings growth rate

7.1%

EPS growth rate

Industrial REITs Industry Growth24.3%
Revenue growth rate9.6%
Return on equity11.7%
Net Margin47.0%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

First Industrial Realty: A Top Industrial Pick With Solid Upside Potential

Dec 09

First Industrial: Still Attractive Despite Policy Risk

Nov 14

First Industrial Realty Trust: One Of My Top Industrial REIT Picks

Sep 08

First Industrial Realty Trust Sets The Ground For The Upcoming Upside

Jul 24

First Industrial: Recent Volatility Makes Them More Attractive Compared To Peers

Jul 09

First Industrial Looks Buyable As Market Conditions Improve

Jun 20

First Industrial: Shares Attractive Despite Softer Q1 Results

Apr 18

First Industrial Is Positioned For A Strong 2024

Jan 05

First Industrial: Embedded Growth At A Discount

Oct 25

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

Oct 07

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

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

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

First Industrial's Growth Outpaces Its Valuation

Jun 13

First Industrial Realty Trust: Still Not The Right Moment

Feb 27

Revenue & Expenses Breakdown

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)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24656308400
30 Jun 24644284400
31 Mar 24624287400
31 Dec 23618275370
30 Sep 23604267360
30 Jun 23587316360
31 Mar 23564378350
31 Dec 22540359340
30 Sep 22517391340
30 Jun 22498310350
31 Mar 22485245350
31 Dec 21476271350
30 Sep 21467240340
30 Jun 21462234320
31 Mar 21454217320
31 Dec 20448196330
30 Sep 20448209330
30 Jun 20439251320
31 Mar 20433255310
31 Dec 19426238290
30 Sep 19420192270
30 Jun 19413145260
31 Mar 19408150260
31 Dec 18404163280
30 Sep 18401210270
30 Jun 18400222270
31 Mar 18399214270
31 Dec 17396201280
30 Sep 17392127280
30 Jun 17387115270
31 Mar 17382128270
31 Dec 16378121270
30 Sep 16373141260
30 Jun 16372123260
31 Mar 1636987260
31 Dec 1536674250
30 Sep 1536337250
30 Jun 1535731240
31 Mar 1535120250
31 Dec 1434719230
30 Sep 1433813240
30 Jun 143314240
31 Mar 14325-7220
31 Dec 13319-11230

Quality Earnings: FR has a large one-off gain of $142.6M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: FR's current net profit margins (47%) are higher than last year (44.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FR's earnings have grown by 8.2% per year over the past 5 years.

Accelerating Growth: FR's earnings growth over the past year (15.2%) exceeds its 5-year average (8.2% per year).

Earnings vs Industry: FR earnings growth over the past year (15.2%) exceeded the Industrial REITs industry 8.6%.

Return on Equity

High ROE: FR's Return on Equity (11.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 03:05
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

First Industrial Realty Trust, Inc. is covered by 34 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.

AnalystInstitution
Nicholas ThillmanBaird
Anthony PowellBarclays
Brendan LynchBarclays