First Industrial Realty Trust
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
0
Funds holding %
of 7,407 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
1,208% more call options, than puts
Call options by funds: $2.81M | Put options by funds: $215K
50% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 38
40% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 7 (+2) [Q4]
27% more repeat investments, than reductions
Existing positions increased: 165 | Existing positions reduced: 130
3% more funds holding
Funds holding: 395 [Q3] → 408 (+13) [Q4]
2.19% more ownership
Funds ownership: 93.16% [Q3] → 95.35% (+2.19%) [Q4]
9% less capital invested
Capital invested by funds: $6.89B [Q3] → $6.3B (-$597M) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$50
5%
upside
Avg. target
$57
19%
upside
High target
$61
28%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
Scotiabank Nicholas Yulico 31% 1-year accuracy 13 / 42 met price target | 5%upside $50 | Sector Perform Maintained | 7 Apr 2025 |
Barclays Anthony Powell 33% 1-year accuracy 7 / 21 met price target | 18%upside $56 | Equal-Weight Maintained | 25 Mar 2025 |
Goldman Sachs Caitlin Burrows 46% 1-year accuracy 12 / 26 met price target | 24%upside $59 | Neutral Upgraded | 21 Feb 2025 |
Baird David Rodgers 38% 1-year accuracy 11 / 29 met price target | 28%upside $61 | Outperform Maintained | 19 Feb 2025 |
Financial journalist opinion
Based on 16 articles about FR published over the past 30 days
Neutral
Seeking Alpha
1 day ago
First Industrial Realty Trust, Inc. (FR) Q1 2025 Earnings Call Transcript
First Industrial Realty Trust, Inc. (NYSE:FR ) Q1 2025 Earnings Conference Call April 17, 2025 11:00 AM ET Company Participants Art Harmon - SVP, IR and Marketing Peter Baccile - President and CEO Scott Musil - CFO Jojo Yap - CIO Peter Schultz - EVP Conference Call Participants Ki Bin Kim - Truist Craig Mailman - Citi Rob Stevenson - Janney Vikram Malhotra - Morgan Stanley Michael Carroll - RBC Capital Markets Nick Yulico - Scotiabank Caitlin Burrows - Goldman Sachs Blaine Heck - Wells Fargo Rich Anderson - Wedbush Securities Mike Mueller - JPMorgan Vince Tibone - Green Street Advisors Brendan Lynch - Barclays Operator Good day, and welcome to the First Industrial Realty Trust, Inc. First Quarter 2025 Results Call. All participants will be in a listen-only mode.
Negative
Zacks Investment Research
2 days ago
First Industrial Realty Trust (FR) Misses Q1 FFO Estimates
First Industrial Realty Trust (FR) came out with quarterly funds from operations (FFO) of $0.68 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to FFO of $0.60 per share a year ago.
Neutral
PRNewsWire
2 days ago
FIRST INDUSTRIAL REALTY TRUST REPORTS FIRST QUARTER 2025 RESULTS
Cash Same Store NOI Growth of 10.1% Cash Rental Rates Up 42% in 1Q25 30% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2025; 36% Increase Excluding 1.3 Million Square-Foot Fixed-Rate Renewal Acquired Two 100% Leased Buildings from Our Camelback 303 JV in Phoenix; 796,000 Square Feet, $120 Million Purchase Price, Net of Our Share of Gain on Sale and Promote, Cash Yield of 6.4% Two Planned Development Starts for 2Q25 Totaling 402,000 Square Feet in Dallas and Philadelphia, $54 Million Estimated Investment, Estimated Combined Cash Yield of 8% Renewed Unsecured Revolving Credit Facility, Upsizing It $100 Million to $850 Million, and Renewed $200 Million Unsecured Term Loan Increased First Quarter 2025 Dividend to $0.445 Per Share, a 20.3% Increase CHICAGO , April 16, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced results for the first quarter of 2025. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.36 in the first quarter, compared to $0.52 a year ago and first quarter funds from operations (FFO) was $0.68 per share/unit on a diluted basis, compared to $0.60 per share/unit a year ago.
Positive
Seeking Alpha
5 days ago
Markets Gone Wild
US equity markets fluctuated wildly in a tumultuous week - ultimately ending with the best weekly gains since November 2023 - after the White House announced a delay on the most "reciprocal" tariffs. Following several days of extreme volatility in which tremors of instability were felt across global markets, investors exhaled as the Administration's tariff messaging pivoted from "retribution" and "score-settling" to dealmaking. Government bond markets were in focus throughout the week as the 10-Year Treasury experienced significant and still-unexplained weakness, failing to act as typical "safe havens" during the market plunge.
Positive
Zacks Investment Research
1 week ago
First Industrial Realty Trust (FR) Upgraded to Buy: Here's What You Should Know
First Industrial Realty Trust (FR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Positive
Zacks Investment Research
1 week ago
First Industrial Realty Trust (FR) Could Be a Great Choice
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?
Positive
Zacks Investment Research
1 week ago
First Industrial Realty Trust (FR) Moves 7.6% Higher: Will This Strength Last?
First Industrial Realty Trust (FR) witnessed a jump in share price last session on above-average trading volume. The latest trend in FFO per share estimate revisions for the stock suggests that there could be more strength down the road.
Negative
Zacks Investment Research
1 week ago
After Plunging -17.4% in 4 Weeks, Here's Why the Trend Might Reverse for First Industrial Realty Trust (FR)
The heavy selling pressure might have exhausted for First Industrial Realty Trust (FR) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Positive
Seeking Alpha
2 weeks ago
First Industrial Realty Trust: One Of The Best Industrial REITs
First Industrial Realty Trust, Inc. remains a top-tier industrial REIT with strong rent growth and a strategic focus on 15 key U.S. markets. Despite a drop in occupancy rates, FR's ability to capitalize on market rent growth and short lease terms supports its dynamic rent increases. The industrial property market faces oversupply challenges, but decreasing net completions and construction starts hint at a potential turnaround.
Neutral
PRNewsWire
2 weeks ago
Industrial REITs Standardize Key Property Metrics
CHICAGO , April 1, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR) today announced a coalition of industrial real estate investment trusts – First Industrial, EastGroup Properties, Inc., Prologis, Inc., and STAG Industrial, Inc. (collectively, the "Industrial REIT Group") – has updated its standardized methodology for calculating key non-GAAP property metrics to improve comparability across the sector. Building on the 2018 harmonization initiative, the Industrial REIT Group reaffirmed its approach to determining property stabilization, occupancy, rent change, and customer retention.
Charts implemented using Lightweight Charts™