First Industrial Realty Trust
FR

$55.51

2.05%

Market Cap: $7.35B

About: First Industrial Realty Trust Inc is a real estate investment trust that owns, manages, acquires, sells, develops, and redevelops industrial real estate. First Industrial's real estate portfolio is comprised of light industrial properties, which are split between industrial and office space, and bulk warehouse properties generally located in business parks near transportation hubs. While light industrial buildings represent a share of First Industrial's holdings, bulk warehouses make up the majority of its portfolio's square footage. The company derives the vast majority of its revenue from rental income tied to medium-term leases. First Industrial's customers include manufacturing, retail, wholesale trade, distribution, and professional services companies.

Employees: 156

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

338% more call options, than puts

Call options by funds: $1.08M | Put options by funds: $247K

30% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 37

3% more funds holding

Funds holding: 368 [Q1] → 379 (+11) [Q2]

0.37% more ownership

Funds ownership: 94.44% [Q1] → 94.81% (+0.37%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 6 [Q1] → 6 (+0) [Q2]

4% less repeat investments, than reductions

Existing positions increased: 136 | Existing positions reduced: 142

7% less capital invested

Capital invested by funds: $6.43B [Q1] → $5.96B (-$469M) [Q2]

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Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$52

6%

downside

Avg. target

$59

6%

upside

High target

$64

15%

upside

9 analyst ratings

5 positive

56%

3 neutral

33%

1 negative

11%

Mizuho Vikram Malhorta 95% 1-year accuracy 19 / 20 met price target	12%upside $62	Outperform Maintained	5 Sept 2024
Wells Fargo Blaine Heck 67% 1-year accuracy 8 / 12 met price target	10%upside $61	Equal-Weight Maintained	28 Aug 2024
Scotiabank Nicholas Yulico 64% 1-year accuracy 16 / 25 met price target	4%upside $58	Sector Perform Maintained	26 Aug 2024
Wolfe Research Andrew Rosivach 83% 1-year accuracy 10 / 12 met price target	15%upside $64	Outperform Upgraded	13 Aug 2024
Scotiabank Nicholas Yulico 64% 1-year accuracy 16 / 25 met price target	1%downside $55	Sector Perform Maintained	7 Aug 2024

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Financial journalist opinion

Based on 4 articles about FR published over the past 30 days

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If I Could Only Hold 5 REITs Over The Next Decade

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

First Industrial Realty Trust is an industrial REIT with 67.9m sq. ft. of leasable area. Rising interest rates and oversupply have pressured the industrial property sector, but signs of a market shift are emerging. Demand is improving, and construction is cooling, suggesting a future undersupply that will benefit industrial REITs like FR.

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

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Assessing Quality Of REIT Earnings

Wolfe Research upgrades First Industrial Realty Trust: Can it reach $64?

On August 13, 2024, Wolfe Research upgraded First Industrial Realty Trust (FR) from Peer Perform to Outperform, setting a year-end 2025 price target of $64. This upgrade suggests a potential 19% upside from its current trading price of around $53.89.

Wolfe Research upgrades First Industrial Realty Trust: Can it reach $64?

Zacks Investment Research

Why First Industrial Realty Trust (FR) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Industrial Realty Trust (FR) have what it takes?

Why First Industrial Realty Trust (FR) is a Great Dividend Stock Right Now

First Industrial Realty Trust Declares Common Stock Dividends

CHICAGO , Aug. 1, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that its board of directors declared a common stock dividend of $0.37 per share/unit for the quarter ending September 30, 2024 payable on October 21, 2024 to stockholders of record on September 30, 2024. About First Industrial Realty Trust, Inc. First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.

First Industrial Realty Trust Declares Common Stock Dividends

Zacks Investment Research

3 Top Earnings Growth Stocks to Buy for August: GL, WT, FR

Invest in stocks such as Globe Life (GL), WisdomTree, Inc. (WT) and First Industrial Realty Trust (FR) as of now for superb earnings growth.

3 Top Earnings Growth Stocks to Buy for August: GL, WT, FR

Industrial Real Estate Returning To Growth

Second quarter earnings reports from Prologis and First Industrial indicate growth returning to the industrial sector. Industrial real estate market rental rates stopped growing in late 2023, but recent data suggests supply is subsiding, demand is returning, and rates are increasing. Mark-to-market opportunities for industrial REITs range from 20% to 100%, indicating stabilized P/FFO multiples of 10X to 14X.

Industrial Real Estate Returning To Growth

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If I Had To Retire Today With 12 REITs

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