First Industrial Realty Trust,
FR
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- First Industrial Realty Trust operates in a growing industrial REIT sector, benefiting from the increasing demand for logistics and warehousing space driven by e-commerce expansion.
- The company reported a revenue of $194.94 million in Q2 2026, maintaining a gross margin of 75.4%, which is an improvement from 72.5% in the prior quarter.
- Earnings growth has been strong, with a reported increase of 39.3% year-over-year.
- Despite its growth potential, First Industrial Realty Trust has a high debt-to-equity ratio of 90.051, indicating significant leverage that could pose risks in a rising interest rate environment.
- The stock has a 'Strong Sell' signal with a score of -21.00, reflecting bearish trends such as MACD bear and RSI≤45.
- Revenue growth has stagnated at 0% compared to the prior quarter, which raises concerns about future performance.
Fundamentals
| Market cap | $8.13B | Enterprise value | $10.49B | Trailing P/E | 21.56 | Forward P/E | 31.46 |
| PEG | — | Price / book | 2.83 | Beta | 1.04 | Dividend yield | 3.37% |
| Revenue growth | 8.4% | Earnings growth | 39.3% | Gross margin | 73.7% | Operating margin | 45.1% |
| Profit margin | 47.9% | ROE | 13.6% | ROA | 3.5% | Debt / equity | 0.90 |
| Current ratio | 1.50 | Free cash flow | $290.64M | Analyst recommendation | buy | Mean target | $71.88 |
| 52w high | $69.88 | 52w low | $50.24 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $195M | $195M | $188M | $181M | $180M | — |
| Op margin | 45.1% | 35.0% | 41.7% | 44.6% | 43.9% | — |
| Net income | $77.1M | $143M | $78.8M | $65.3M | $55.2M | — |
| Gross margin | 75.4% | 72.5% | 72.6% | 74.5% | 74.8% | — |
| Gross profit | $147M | $141M | $137M | $135M | $135M | — |
| Operating income | $87.9M | $68.2M | $78.6M | $80.9M | $79.1M | — |
- Revenue +0% vs prior quarter ($195M vs $195M).
- Gross margin 75.4% (was 72.5% prior quarter).
- Operating margin expanded to 45.1%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $727M | $670M | $614M | $540M |
| Op margin | 42.3% | 40.7% | 39.8% | 39.6% |
| Net income | $247M | $288M | $275M | $359M |
| Gross margin | 73.7% | 72.7% | 73.0% | 73.4% |
| Gross profit | $536M | $487M | $448M | $396M |
| Operating income | $308M | $272M | $245M | $214M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-07 · First Industrial Realty Trust To Host Third Quarter 2026 Results Conference Call On October 22
2026-10-01 · 3 Dividend REITs Built Around Warehouses America Cannot Stop Building
2026-09-25 · This Is The Top REIT Stock Stifel Analysts Are Backing Right Now
2026-08-28 · First Industrial Realty Trust (FR) Upgraded to Buy: Here's What You Should Know
2026-08-21 · Is Valeo (ENXTPA:FR) Cheap After Its €750,000,000 Bond Redemption?
2026-08-19 · 5 of JP Morgan’s Top Stock Picks Pay Big Dividends and One Yields Over 12%
2026-08-15 · First Industrial Realty Trust (FR) Stock Still Looks Discounted On Rental Cash Flow
2026-08-13 · First Industrial Declares Common Stock Dividends
2026-08-03 · RBC Capital Adjusts First Industrial Realty Trust Price Target to $75 From $68, Maintains Outperform Rating
2026-07-27 · Truist Securities Adjusts First Industrial Realty Trust Price Target to $73 From $67, Maintains Buy Rating
Price (daily)
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