Stocks / Real Estate · REITs

First Industrial Realty Trust FR

Real Estate · REITs

$54.41−1.05% dayFri Oct 30 close

Outside our quality screen, so we don’t track its dips. It’s 21% below its 52-week high.

Outside our quality screen. No fair value estimate for now: there isn’t enough data.

Outside our quality screen

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Fair value est.: n/a
Market Value: $54.90price −1%
Off 52-wk high: −21%
Risk vs market: Lowbeta 0.43

4 bullish · 3 bearish See why

Market ValueDrag across the chart to see any day

Covered for reference — doesn’t pass our quality screen (market cap $7.3B, under our $20B floor; net debt 4.9× EBITDA (limit 3×)). We show its price, Market Value and DCF, but it never appears in Dips, Top Picks or reversal signals. The screen

Key levels

Every level vs today’s $54.41

52-wk lowlowest close, 1 year$54.34−0.1%
PriceFri Oct 30 close$54.41you are here
Market Valueavg paid since Oct 21$54.90+0.9%
52-wk highhighest close, 1 year$68.86+26.6%

Fair value estimate

No estimate for FR: Capital spending isn't tagged in SEC XBRL data. We’d rather show nothing than a made-up number.

Risk vs market

How risk vs market is measured

One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much FR moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.

Low

Moves much less than the market, but its own price swings are 1.6× the S&P 500’s (it moves on its own news).

Beta vs S&P 500: 0.43
Volatility: 20% vs 13% SPY
Correlation SPY: 0.28
Correlation QQQ: 0.15

Bull vs bear

Rule-based from the data on this page, strongest first. Not advice.

Top bullish points 4 of 5

ValuationP/E of 20.4× vs a 28.7× median for the 46 Real Estate companies we cover.
Cash returnsDividend yield of 3.5% ($257M paid over 12 months, 72% of earnings).
GrowthSales grew 9% to $775M over the last 12 months vs the 12 months before (SEC filings).
ProfitabilityReturn on equity of 13%, above the 7.7% median for the 47 Real Estate companies we cover.

Top bearish points 3 of 5

GrowthDiluted EPS fell 14% to $1.87 in FY2025.
ValuationPrice / book of 2.6×, above the 2.6× median for the 47 Real Estate companies we cover.
QualityDoesn’t pass our quality screen: net debt 4.9× EBITDA (limit 3×).

Who’s talking about it

Notable investors, executives, analysts and public figures on First Industrial Realty Trust in the last 48 hours. Headlines as published, each linked. Their words, not ours.

No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.

Compare with peers

Closest in size in REITs

CompanyPrice1 yearvs fair valueP/EMkt cap

STAGStag Industrial$36.86−1.1%−4%−6%26.4×$7B AREAlexandria Real Estate Equities$40.20−1.0%−29%n/an/a$7B NNNNNN Reit$41.00−1.3%+0%n/a20.8×$8B VNOVornado Realty Trust$34.55−1.8%−8%n/an/a$7B REXRRexford Industrial Realty$38.22−0.3%−7%−4%n/a$8B HRHealthcare Realty Trust$18.49+2.0%+4%−43%n/a$6B

All fundamentals

P/E 20.4 · ROE 13% · Sales +9%

Valuation

P/E: 20.4×Real Estate median 28.7×
Price / FCF: n/anot reported in its SEC filings
FCF yield: n/anot reported in its SEC filings
EV / EBITDA: n/aD&A or debt not tagged in SEC data
Price / sales: 9.42×
Price / book: 2.63×
Market cap: $7.3Blisted
Enterprise value: n/anot reported in its SEC filings

Growth

Revenue, 12 months: $775M
Sales growth, 12 months: +8.5%vs the 12 months before
Sales growth, 3 yrs: +10.4%/yrfrom FY2022
Diluted EPS, 12 months: $2.70
EPS growth, last FY: −13.8%
Net income, 12 months: $357M
Net income growth: +51%12 months vs before

Profitability

Gross margin: n/agross profit isn't reported (common for service and financial companies)
Operating margin: n/anot reported in its SEC filings
Net margin: 46.1%
FCF margin: n/anot reported in its SEC filings
Return on equity: 13%
Return on invested capital: n/aoperating income, debt, equity or cash not tagged

Balance sheet

Cash & short-term inv.: $42M
Total debt: n/anot reported in its SEC filings
Net cash: n/acash or debt not tagged in SEC data
Debt / equity: n/adebt or equity not tagged in SEC data
Interest coverage: n/ainterest expense not tagged in SEC data

Cash flow & returns

Free cash flow, 12 months: n/anot reported in its SEC filings
FCF growth, 12 months: n/anot reported in its SEC filings
Dividend yield: 3.52%$257M paid
Payout ratio: 72%
Buybacks, 12 months: n/anot reported in its SEC filings
Share count, 1 year: +0.1%diluted shares vs a year ago
Stock-based comp: $22M

Trailing 12 months to Sep 30, 2026; balance sheet at Sep 30, 2026. From First Industrial Realty Trust’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.

Valuation details

MV $54.90 · FCF value $63.35

How

Market ValueAverage paid since the Oct 21 filing, 7 trading days

$54.90price −1%

Fair value estimaten/a — Capital spending isn't tagged in SEC XBRL data

n/a

FCF valuePrice at a 4% yield on trailing free cash flow ($0.3B)

$63.35price −14%

Setup & signals

No setup armed

All setups

No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.

Momentum & 52-week range

RSI 30 · 5 days −0.1%

$54.41nowMV

52-wk low $54.34high $68.86

Off 52-wk high−21.0%

5 days−0.1%

vs 50-day avg−9.3%

vs 200-day avg−11.3%

RSI (14)30

Market cap$7B

The business

FCF $0.3B · Sales +8%

Free cash flow, 12 months$0.3B
Free-cash-flow yield4.7%
Free-cash-flow margin44%
Gross margin74%
Operating margin44%
Return on invested capital5%
Return on equity13%
Sales growth (latest quarter vs year-ago quarter)+8%
Net debt / EBITDA4.9×

Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.

FR is outside our quality screen

One text when a published rule fires on one of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.