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First Industrial Realty Trust Inc (FR)

Upturn stock ratingUpturn stock rating
$48.95
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Upturn Advisory Summary

06/27/2025: FR (3-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

ratingratingratingratingrating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Number of Analysts

rating

18 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Year Target Price $54.94

Year Target Price $54.94

Analyst’s Price TargetsFor last 52 week
$54.94Target price
Low$40.31
Current$48.95
high$57.68

Analysis of Past Performance

Type Stock
Historic Profit 7.4%
Avg. Invested days 49
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/27/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 6.68B USD
Price to earnings Ratio 24.35
1Y Target Price 55
Price to earnings Ratio 24.35
1Y Target Price 55
Volume (30-day avg) -
Beta 1.1
52 Weeks Range 40.31 - 57.68
Updated Date 06/29/2025
52 Weeks Range 40.31 - 57.68
Updated Date 06/29/2025
Dividends yield (FY) 3.64%
Basic EPS (TTM) 2.01

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 38.96%
Operating Margin (TTM) 38.97%

Management Effectiveness

Return on Assets (TTM) 3.31%
Return on Equity (TTM) 10.28%

Valuation

Trailing PE 24.35
Forward PE 36.76
Enterprise Value 8843117229
Price to Sales(TTM) 9.74
Enterprise Value 8843117229
Price to Sales(TTM) 9.74
Enterprise Value to Revenue 12.92
Enterprise Value to EBITDA 16.15
Shares Outstanding 132401000
Shares Floating 131557325
Shares Outstanding 132401000
Shares Floating 131557325
Percent Insiders 0.43
Percent Institutions 96.38

Analyst Ratings

Rating 3.83
Target Price 54.94
Buy 3
Strong Buy 6
Buy 3
Strong Buy 6
Hold 9
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

First Industrial Realty Trust Inc

stock logo

Company Overview

overview logo History and Background

First Industrial Realty Trust Inc. was founded in 1993, specializing in industrial real estate. Initially focused on acquiring and managing industrial properties, it has grown through strategic acquisitions, developments, and property management to become a leading REIT.

business area logo Core Business Areas

  • Ownership, Management and Development of Industrial Properties: First Industrial owns, manages, acquires, sells, and develops industrial properties. They lease space to a diverse base of customers. This segment generates the majority of the company's revenue.

leadership logo Leadership and Structure

Hamid R. Moghadam serves as Chairman of the Board. Peter E. Baccile is the Chief Executive Officer. The company operates under a typical REIT structure with a board of directors and executive management team overseeing various departments.

Top Products and Market Share

overview logo Key Offerings

  • Industrial Real Estate Leasing: First Industrial's primary product is leasing industrial space, including warehouse, distribution, and light manufacturing facilities. They operate in key logistics markets across the U.S. Market share is relative to total square footage owned/managed and rental income generated. Competitors include Prologis, Duke Realty (now Prologis), and other large industrial REITs.

Market Dynamics

industry overview logo Industry Overview

The industrial real estate market is driven by e-commerce growth, supply chain modernization, and increased demand for logistics space. The market is highly competitive with several large REITs and private equity firms investing in industrial properties.

Positioning

First Industrial is a well-established player in the industrial REIT sector. They have a strong focus on key logistics markets and a proven track record of developing and managing high-quality industrial properties. They have developed a focus on creating green or sustainable buildings. Their financial strength allows them to compete effectively.

Total Addressable Market (TAM)

The industrial real estate market is estimated to be worth hundreds of billions of dollars. First Industrial's position allows it to capture a percentage of this TAM, and the exact percentage changes based on their investments and leasing portfolio.

Upturn SWOT Analysis

Strengths

  • Strong presence in key logistics markets
  • Experienced management team
  • Disciplined approach to capital allocation
  • Healthy balance sheet
  • Commitment to ESG principles

Weaknesses

  • Geographic concentration in select markets
  • Sensitivity to economic cycles
  • Reliance on occupancy rates
  • Limited diversification outside of industrial properties

Opportunities

  • Expanding into new geographic markets
  • Developing more e-commerce-related facilities
  • Increasing investment in sustainable properties
  • Acquiring smaller industrial portfolios

Threats

  • Economic downturns
  • Rising interest rates
  • Increased competition from other REITs
  • Overbuilding in certain markets

Competitors and Market Share

competitor logo Key Competitors

  • PLD
  • EQIX
  • PSA
  • ARE
  • DLR

Competitive Landscape

First Industrial's advantages include its focus on key logistics markets and disciplined approach to capital allocation. Disadvantages may include its smaller size compared to some of its larger competitors.

Major Acquisitions

Cornerstone Industrial Properties

  • Year: 2021
  • Acquisition Price (USD millions): 256
  • Strategic Rationale: Expanded footprint in key logistics markets.

Growth Trajectory and Initiatives

Historical Growth: First Industrial has experienced steady growth over the past years, driven by acquisitions, developments, and organic leasing growth.

Future Projections: Analyst estimates vary. Future growth is expected to be driven by continued demand for industrial space, particularly from e-commerce companies. Refer to analyst reports for specific projections.

Recent Initiatives: Recent initiatives include focusing on sustainable building practices, expanding into select growth markets, and developing state-of-the-art logistics facilities.

Summary

First Industrial Realty Trust is a stable REIT with a focus on the growing industrial sector. The company benefits from the increasing demand for logistics space, especially from e-commerce. However, it is sensitive to economic downturns and faces competition from larger REITs. Their strategic focus on sustainable properties and key markets is helping to drive growth, but they need to manage the risks of rising interest rates and potential overbuilding.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • First Industrial Realty Trust Inc. Investor Relations
  • SEC Filings
  • Financial News Outlets
  • Analyst Reports

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor. Market share estimates are approximate and may vary by source.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About First Industrial Realty Trust Inc

Exchange NYSE
Headquaters Chicago, IL, United States
IPO Launch date 1994-06-23
President, CEO & Director Mr. Peter E. Baccile
Sector Real Estate
Industry REIT - Industrial
Full time employees 151
Full time employees 151

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 69.5 million square feet of industrial space as of December 31, 2024.