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First Industrial Realty Trust, Inc. logo

First Industrial Realty Trust, Inc.

FR

NYSEReal EstateREIT - Industrial

Open in GoAI

Previous close

$62.93

+$0.31 · +0.50%

Aug 21, 4:00 PM ET

FR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

54

Fair Value

Momentum

53

Neutral

Sentiment

70

Bullish

Risk resilience

79

Moderate Risk

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AI-generated, informational only, and not investment advice.

Company profile

Industry
REIT - Industrial
Sector
Real Estate
Headquarters
US

Market position

Day range

Current $62.93

52-week range

Current $62.93

Open
$62.66
Previous close
$62.62
Volume
449.64K
Market cap
8.34B USD
50-day average
$64.2674
-2.08% below average
200-day average
$60.7161
+3.65% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.08B USD
P/E (TTM)
22.88×
P/B (TTM)
3×
P/S (TTM)
10.98×
EV / EBITDA
17.72×
Earnings yield
3.26%
Free cash flow yield
1.51%
Dividend yield
3.00%

Profitability & efficiency

Gross margin
47.74%
Operating margin
41.59%
Net margin
47.96%
Return on equity
9.26%
Return on assets
4.35%
Return on invested capital
5.34%

Financial health

Debt / equity
0.93×
Current ratio
1.14×
Altman Z-score
2.19
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends78%58%38%18%Gross margin, FY2021: 72.43%Gross margin, FY2022: 73.39%Gross margin, FY2023: 73.02%Gross margin, FY2024: 72.70%Gross margin, FY2025: 22.60%Operating margin, FY2021: 37.67%Operating margin, FY2022: 39.63%Operating margin, FY2023: 39.84%Operating margin, FY2024: 40.68%Operating margin, FY2025: 42.32%Net margin, FY2021: 56.90%Net margin, FY2022: 66.52%Net margin, FY2023: 44.76%Net margin, FY2024: 42.91%Net margin, FY2025: 34.03%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 72.43%. Gross margin FY2022 73.39%. Gross margin FY2023 73.02%. Gross margin FY2024 72.70%. Gross margin FY2025 22.60%. Operating margin FY2021 37.67%. Operating margin FY2022 39.63%. Operating margin FY2023 39.84%. Operating margin FY2024 40.68%. Operating margin FY2025 42.32%. Net margin FY2021 56.90%. Net margin FY2022 66.52%. Net margin FY2023 44.76%. Net margin FY2024 42.91%. Net margin FY2025 34.03%.

Income trends

Revenue

727.08M USD+8.58%

Operating income

307.71M USD+12.95%

Net income

247.44M USD-13.89%
Income trends across reported periods781.84M USD562.78M USD343.72M USD124.66M USDRevenue, FY2021: 476.29M USDRevenue, FY2022: 539.93M USDRevenue, FY2023: 614.03M USDRevenue, FY2024: 669.64M USDRevenue, FY2025: 727.08M USDOperating income, FY2021: 179.43M USDOperating income, FY2022: 213.97M USDOperating income, FY2023: 244.63M USDOperating income, FY2024: 272.42M USDOperating income, FY2025: 307.71M USDNet income, FY2021: 271M USDNet income, FY2022: 359.13M USDNet income, FY2023: 274.82M USDNet income, FY2024: 287.34M USDNet income, FY2025: 247.44M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 476.29M USD. Revenue FY2022 539.93M USD. Revenue FY2023 614.03M USD. Revenue FY2024 669.64M USD. Revenue FY2025 727.08M USD. Operating income FY2021 179.43M USD. Operating income FY2022 213.97M USD. Operating income FY2023 244.63M USD. Operating income FY2024 272.42M USD. Operating income FY2025 307.71M USD. Net income FY2021 271M USD. Net income FY2022 359.13M USD. Net income FY2023 274.82M USD. Net income FY2024 287.34M USD. Net income FY2025 247.44M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue727.08M USD669.64M USD614.03M USD539.93M USD476.29M USD
Cost of goods sold562.74M USD182.82M USD165.66M USD143.66M USD131.3M USD
Gross profit164.34M USD486.82M USD448.37M USD396.27M USD344.99M USD
Research and development—1.53M USD3.67M USD909K USD—
Selling, general, and administrative41.95M USD40.94M USD37.12M USD33.97M USD34.61M USD
Operating expenses−143.37M USD214.4M USD203.74M USD182.3M USD165.56M USD
Interest income—−3.65M USD−3.63M USD——
Interest expense89.92M USD82.97M USD74.34M USD49.01M USD47.53M USD
Depreciation and amortization185.32M USD176.29M USD164.52M USD152.32M USD139.06M USD
Operating income307.71M USD272.42M USD244.63M USD213.97M USD179.43M USD
Net income247.44M USD287.34M USD274.82M USD359.13M USD271M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+59.60%
11 comparable reports
Latest EPS result
0.58
Estimate 0.44 · Beat by 30.96%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.140.850.570.28Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 0.52, estimate 0.35, surprise +48.57%, Beat. Q2 2025, reported Apr 16, 2025: actual 0.36, estimate 0.398, surprise -9.59%, Miss. Q3 2025, reported Jul 16, 2025: actual 0.42, estimate 0.394, surprise +6.71%, Beat. Q4 2025, reported Oct 15, 2025: actual 0.49, estimate 0.423, surprise +15.78%, Beat. Q1 2026, reported Feb 4, 2026: actual 0.6, estimate 0.42, surprise +42.86%, Beat. Q2 2026, reported Apr 22, 2026: actual 1.08, estimate 0.329, surprise +228.77%, Beat. Q3 2026, reported Jul 22, 2026: actual 0.58, estimate 0.443, surprise +30.96%, Beat. Q4 2026, reported Oct 21, 2026: actual —, estimate 0.47, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates204.23M190.31M176.39M162.47MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 175.59M USD, estimate 170.32M USD, surprise +3.09%, Beat. Q2 2025, reported Apr 16, 2025: actual 177.07M USD, estimate 176.32M USD, surprise +0.43%, Beat. Q3 2025, reported Jul 16, 2025: actual 180.16M USD, estimate 177.59M USD, surprise +1.45%, Beat. Q4 2025, reported Oct 15, 2025: actual 181.43M USD, estimate 182.93M USD, surprise -0.82%, Miss. Q1 2026, reported Feb 4, 2026: actual 188.41M USD, estimate 186.18M USD, surprise +1.20%, Beat. Q2 2026, reported Apr 22, 2026: actual 194.83M USD, estimate 191M USD, surprise +2.00%, Beat. Q3 2026, reported Jul 22, 2026: actual 194.94M USD, estimate 195.81M USD, surprise -0.45%, Miss. Q4 2026, reported Oct 21, 2026: actual —, estimate 196.38M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$73.00

16.00% upside
Past 12 months12-month forecastHigh $83.00Average $73.00Low $66.00

Rating distribution

29 ratings
Strong buy00%
Buy1862%
Hold931%
Sell27%
Strong sell00%

FR news

247wallst.com

5 of JP Morgan’s Top Stock Picks Pay Big Dividends and One Yields Over 12%

J.P. Morgan updates its Analyst Focus List every month, and the August edition quietly signals where the firm's top analysts are placing their highest-conviction bets, including a handful of dividend payers that could…

Read source
defenseworld.net

30,000 Shares in First Majestic Silver Corp. $AG Purchased by Auxano Advisors LLC

Auxano Advisors LLC bought a new stake in First Majestic Silver Corp. (NYSE: AG) (TSE: FR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The…

Read source
prnewswire.com

First Industrial Declares Common Stock Dividends

CHICAGO, Aug. 13, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced that its board of directors…

Read source
defenseworld.net

First Industrial Realty Trust, Inc. $FR Shares Bought by Bank of America Corp DE

Bank of America Corp DE grew its holdings in shares of First Industrial Realty Trust, Inc. (NYSE: FR) by 15.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange…

Read source
defenseworld.net

First Majestic Silver Sees Unusually Large Options Volume (NYSE:AG)

First Majestic Silver Corp. (NYSE: AG - Get Free Report) (TSE: FR) was the recipient of some unusual options trading activity on Monday. Stock investors purchased 58,676 put options on the company. This is an increase of…

Read source
defenseworld.net

First Majestic Silver Corp. $AG Shares Sold by Amundi

Amundi trimmed its holdings in shares of First Majestic Silver Corp. (NYSE: AG) (TSE: FR) by 19.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 791,798 shares of the…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.78

2025 complete year+64.8% since 2021

2026 partial: $1.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 30, 2026

$0.50

Quarterly

Record Sep 30, 2026 · Payment Oct 19, 2026

Dividend

Ex-dividend Jun 30, 2026

$0.50

Quarterly

Record Jun 30, 2026 · Payment Jul 20, 2026

Dividend

Ex-dividend Mar 31, 2026

$0.50

Quarterly

Record Mar 31, 2026 · Payment Apr 20, 2026

Dividend

Ex-dividend Dec 31, 2025

$0.445

Quarterly

Record Dec 31, 2025 · Payment Jan 20, 2026

Dividend

Ex-dividend Sep 30, 2025

$0.445

Quarterly

Record Sep 30, 2025 · Payment Oct 20, 2025

Dividend

Ex-dividend Jun 30, 2025

$0.445

Quarterly

Record Jun 30, 2025 · Payment Jul 21, 2025

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ETFs holding FR

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
332.06M
Weight
0.45%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
288.44M
Weight
0.22%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
278.16M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
200.57M
Weight
0.11%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
127.45M
Weight
0.19%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
100.51M
Weight
0.10%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Schwab U.S. REIT ETF logoSchwab U.S. REIT ETFSCHH
Market value
65.19M
Weight
0.57%
AUM
11.39B USD
Expense ratio
0.07%
Price / 1D
$24.04-0.08%
State Street SPDR S&P MIDCAP 400 ETF Trust logoState Street SPDR S&P MIDCAP 400 ETF TrustMDY
Market value
60.8M
Weight
0.23%
AUM
26.72B USD
Expense ratio
0.23%
Price / 1D
$699.6+0.48%

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