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. More Details
+ 1 more risk
Mediocre balance sheet second-rate dividend payer.
Share Price & News
How has First Industrial Realty Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
7 Day Return
1 Year Return
Return vs Industry: FR exceeded the US REITs industry which returned 25.4% over the past year.
Return vs Market: FR underperformed the US Market which returned 39.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is First Industrial Realty Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StShareholders Of First Industrial Realty Trust (NYSE:FR) Must Be Happy With Their 126% Total Return
1 month ago | Simply Wall StThis Insider Has Just Sold Shares In First Industrial Realty Trust, Inc. (NYSE:FR)
1 month ago | Simply Wall StShareholders Will Most Likely Find First Industrial Realty Trust, Inc.'s (NYSE:FR) CEO Compensation Acceptable
Is First Industrial Realty Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FR ($53.91) is trading below our estimate of fair value ($55.45)
Significantly Below Fair Value: FR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FR is good value based on its PE Ratio (31.8x) compared to the US REITs industry average (47.8x).
PE vs Market: FR is poor value based on its PE Ratio (31.8x) compared to the US market (19.6x).
Price to Earnings Growth Ratio
PEG Ratio: FR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FR is overvalued based on its PB Ratio (3.6x) compared to the US REITs industry average (1.9x).
How is First Industrial Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FR's earnings are forecast to decline over the next 3 years (-4% per year).
Earnings vs Market: FR's earnings are forecast to decline over the next 3 years (-4% per year).
High Growth Earnings: FR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FR's revenue (6.8% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: FR's revenue (6.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FR's Return on Equity is forecast to be high in 3 years time
How has First Industrial Realty Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FR has a large one-off gain of $113.3M impacting its March 31 2021 financial results.
Growing Profit Margin: FR's current net profit margins (48.1%) are lower than last year (58.9%).
Past Earnings Growth Analysis
Earnings Trend: FR's earnings have grown by 13.8% 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 (-14.8%) over the past year, making it difficult to compare to the REITs industry average (-10.7%).
Return on Equity
High ROE: FR's Return on Equity (11.2%) is considered low.
How is First Industrial Realty Trust's financial position?
Financial Position Analysis
Short Term Liabilities: FR's short term assets ($421.6M) exceed its short term liabilities ($122.8M).
Long Term Liabilities: FR's short term assets ($421.6M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: FR's debt to equity ratio (80.7%) is considered high.
Reducing Debt: FR's debt to equity ratio has reduced from 136.3% to 80.7% over the past 5 years.
Debt Coverage: FR's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: FR's interest payments on its debt are well covered by EBIT (3x coverage).
What is First Industrial Realty Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FR's dividend (2%) is higher than the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: FR's dividend (2%) is low compared to the top 25% of dividend payers in the US market (3.36%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FR has been paying a dividend for less than 10 years.
Growing Dividend: FR's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.9%), FR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FR's dividends in 3 years are forecast to be covered by earnings (53.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Peter Baccile (58 yo)
Mr. Peter E. Baccile has been President of First Industrial Realty Trust, Inc since September 2016, Chief Executive Officer since December 2016 and its Director since 2016. Mr. Baccile serves as President,...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD7.12M) is about average for companies of similar size in the US market ($USD6.47M).
Compensation vs Earnings: Peter's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: FR's management team is considered experienced (4.5 years average tenure).
Experienced Board: FR's board of directors are considered experienced (3.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Industrial Realty Trust, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: First Industrial Realty Trust, Inc.
- Ticker: FR
- Exchange: NYSE
- Founded: 1993
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: US$7.043b
- Market Cap: US$6.881b
- Shares outstanding: 132.16m
- Website: https://www.firstindustrial.com
Number of Employees
- First Industrial Realty Trust, Inc.
- One North Wacker Drive
- Suite 4200
- United States
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 m...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/18 02:12|
|End of Day Share Price||2021/06/17 00:00|
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.