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First Industrial Realty Trust Inc (FR)

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Upturn Advisory Summary
10/24/2025: FR (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $59
1 Year Target Price $59
| 6 | Strong Buy |
| 3 | Buy |
| 9 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 13% | Avg. Invested days 43 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.66B USD | Price to earnings Ratio 31.34 | 1Y Target Price 59 |
Price to earnings Ratio 31.34 | 1Y Target Price 59 | ||
Volume (30-day avg) 18 | Beta 1.08 | 52 Weeks Range 39.60 - 56.67 | Updated Date 10/25/2025 |
52 Weeks Range 39.60 - 56.67 | Updated Date 10/25/2025 | ||
Dividends yield (FY) 3.06% | Basic EPS (TTM) 1.79 |
Earnings Date
Report Date 2025-10-15 | When - | Estimate 0.3888 | Actual 0.49 |
Profitability
Profit Margin 33.19% | Operating Margin (TTM) 44.58% |
Management Effectiveness
Return on Assets (TTM) 3.52% | Return on Equity (TTM) 9.08% |
Valuation
Trailing PE 31.34 | Forward PE 36.76 | Enterprise Value 9194902390 | Price to Sales(TTM) 10.72 |
Enterprise Value 9194902390 | Price to Sales(TTM) 10.72 | ||
Enterprise Value to Revenue 13.13 | Enterprise Value to EBITDA 16.53 | Shares Outstanding 132422260 | Shares Floating 131542976 |
Shares Outstanding 132422260 | Shares Floating 131542976 | ||
Percent Insiders 0.42 | Percent Institutions 101.72 |
Upturn AI SWOT
First Industrial Realty Trust Inc

Company Overview
History and Background
First Industrial Realty Trust, Inc. was founded in 1993. It is a leading owner, operator, and developer of industrial real estate, providing supply chain solutions to businesses of all sizes.
Core Business Areas
- Ownership and Operation: Ownership, management, and leasing of industrial properties, including distribution centers, light industrial, and other warehouse facilities.
- Development and Construction: Development of new industrial facilities and redevelopment of existing properties to meet tenant needs.
- Property Management: Comprehensive property management services for tenants, including maintenance, repairs, and capital improvements.
Leadership and Structure
Peter E. Baccile serves as President and CEO. The company operates with a board of directors and a team of experienced real estate professionals.
Top Products and Market Share
Key Offerings
- Industrial Properties: First Industrial provides industrial real estate solutions to businesses in North America. Market share data is estimated to be around 2-3% of the fragmented US industrial real estate market. Competitors include Prologis, Duke Realty (now Prologis), and Rexford Industrial Realty.
- Supply Chain Solutions: Providing properties and space for supply chain optimization. Market share data for this specific segment is difficult to isolate, but it represents a significant part of their overall business. Competitors include companies with large portfolios of distribution centers.
Market Dynamics
Industry Overview
The industrial real estate market is currently experiencing high demand driven by e-commerce growth, supply chain disruptions, and increased inventory levels. Rental rates are rising, and vacancy rates are low.
Positioning
First Industrial is a well-established player in the industrial real estate market with a focus on key logistics hubs. Its competitive advantages include a large and diverse portfolio, strong tenant relationships, and expertise in development.
Total Addressable Market (TAM)
The US industrial real estate market is estimated in the trillions of dollars. First Industrial is positioned well to continue to participate in this growth, capturing a portion of the market.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Strong Financial Position
- Diversified Portfolio
- Strategic Locations
- Established Tenant Relationships
Weaknesses
- Susceptibility to Economic Downturns
- Geographic Concentration in Certain Markets
- Reliance on Tenant Creditworthiness
Opportunities
- Expansion into New Markets
- Increased Demand from E-commerce
- Development of Sustainable Properties
- Acquisition of Competitors
- Rising Rental Rates
Threats
- Rising Interest Rates
- Increased Competition
- Economic Recession
- Supply Chain Disruptions
- Changes in Tax Laws
Competitors and Market Share
Key Competitors
- PLD
- REX
- DCT
- PS Business Parks
Competitive Landscape
First Industrial competes with other REITs and private real estate companies. Its advantages lie in its strategic locations and established relationships. Disadvantages may include its size relative to larger competitors such as Prologis.
Major Acquisitions
Kidderbrook Business Park
- Year: 2024
- Acquisition Price (USD millions): 140.5
- Strategic Rationale: Expanded presence in Portland, Oregon to meet demand.
Acquisition in Inland Empire
- Year: 2023
- Acquisition Price (USD millions): 130.6
- Strategic Rationale: Increase space to serve consumer base with growing e-commerce demand
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends would be analyzed based on past revenue and earnings growth.
Future Projections: Future growth projections would be sourced from analyst estimates.
Recent Initiatives: Recent initiatives would be listed from company press releases and investor calls such as new developments.
Summary
First Industrial Realty Trust is a well-positioned industrial REIT benefiting from strong demand in the sector. It has a solid track record and experienced management. However, it faces threats from rising interest rates and economic uncertainty. Its strong relationships and strategic locations help maintain competitive advantage.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Investor Presentations
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market share data is based on estimates and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.firstindustrial.com |
Full time employees 151 | Website https://www.firstindustrial.com | ||
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 70.4 million square feet of industrial space as of September 30, 2025.

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