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First Industrial Realty Trust

55.61 USD
-0.24
0.43%
At close Feb 14, 4:00 PM EST
After hours
55.61
+0.00
0.00%
1 day
-0.43%
5 days
1.16%
1 month
11.33%
3 months
6.05%
6 months
3.02%
Year to date
12.39%
1 year
3.33%
5 years
20.87%
10 years
155.56%
 

About: First Industrial Realty Trust Inc is a real estate investment trust that owns, manages, acquires, sells, develops, and redevelops industrial real estate. First Industrial's real estate portfolio is comprised of light industrial properties, which are split between industrial and office space, and bulk warehouse properties generally located in business parks near transportation hubs. While light industrial buildings represent a share of First Industrial's holdings, bulk warehouses make up the majority of its portfolio's square footage. The company derives the vast majority of its revenue from rental income tied to medium-term leases. First Industrial's customers include manufacturing, retail, wholesale trade, distribution, and professional services companies.

Employees: 156

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

58% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 31

57% more call options, than puts

Call options by funds: $1.56M | Put options by funds: $990K

14% more capital invested

Capital invested by funds: $6.21B [Q2] → $7.08B (+$867M) [Q3]

14% more repeat investments, than reductions

Existing positions increased: 156 | Existing positions reduced: 137

3% more funds holding

Funds holding: 380 [Q2] → 393 (+13) [Q3]

3.0% less ownership

Funds ownership: 98.72% [Q2] → 95.72% (-3.0%) [Q3]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$52
6%
downside
Avg. target
$54
4%
downside
High target
$55
1%
downside

2 analyst ratings

positive
0%
neutral
100%
negative
0%
Deutsche Bank
Omotayo Okusanya
69% 1-year accuracy
9 / 13 met price target
6%downside
$52
Hold
Initiated
14 Jan 2025
Barclays
Anthony Powell
47% 1-year accuracy
14 / 30 met price target
1%downside
$55
Equal-Weight
Maintained
18 Nov 2024

Financial journalist opinion

Based on 6 articles about FR published over the past 30 days

Neutral
PRNewsWire
3 days ago
First Industrial Realty Trust Announces Annual Meeting of Stockholders and Record Date
CHICAGO , Feb. 13, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced that the Company's Annual Meeting of Stockholders will be held on April 30, 2025 virtually. First Industrial's Board of Directors set March 7, 2025 as the record date for the Annual Meeting.
First Industrial Realty Trust Announces Annual Meeting of Stockholders and Record Date
Positive
Seeking Alpha
1 week ago
REITs Lead On Earnings Uplift
US equity markets posted a mixed performance this week, while benchmark interest rates rebounded from two-month lows, as investors saw grounds for Fed hawkishness across a critical slate of employment data. The U.S. economy added 143k jobs in January. Upward revisions to prior months and strong wage growth metrics indicated that labor markets remain "healthy" at minimum, and perhaps even "tight." Following a decline of 1% last week sparked by "DeepSeek" concerns, the S&P 500 retreated by 0.2%, relinquishing an early week rally. The Small-Cap and Mid-Cap indexes dipped 1%.
REITs Lead On Earnings Uplift
Neutral
Seeking Alpha
1 week ago
First Industrial Realty Trust, Inc. (FR) Q4 2024 Earnings Call Transcript
First Industrial Realty Trust, Inc. (FR) Q4 2024 Earnings Call Transcript
First Industrial Realty Trust, Inc. (FR) Q4 2024 Earnings Call Transcript
Positive
Zacks Investment Research
1 week ago
First Industrial Realty Trust (FR) Q4 FFO and Revenues Top Estimates
First Industrial Realty Trust (FR) came out with quarterly funds from operations (FFO) of $0.71 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to FFO of $0.63 per share a year ago.
First Industrial Realty Trust (FR) Q4 FFO and Revenues Top Estimates
Neutral
PRNewsWire
1 week ago
First Industrial Realty Trust Reports Fourth Quarter and Full Year 2024 Results
2025 NAREIT FFO Guidance Initiated at a Range of $2.87 to $2.97 Per Share/Unit, Approximately 10% Growth at the Midpoint Increased First Quarter 2025 Dividend to $0.445 Per Share, a 20.3% Increase Signed 4.7 Million Square Feet of Development Leases in 2024 Inclusive of Joint Venture, Second Highest Annual Total Since 2012; 1.4 Million Square Feet Signed in the Fourth Quarter Cash Rental Rates Up 50.8%, Second Consecutive Annual Increase Greater Than 50% 33% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2025; 42% Increase Excluding 1.3 Million Square-Foot Fixed-Rate Renewal Cash Same Store NOI Growth of 9.3% in the Fourth Quarter, 8.1% for Full Year 2024 Started Two Developments in the Fourth Quarter Totaling 679,000 Square Feet in Nashville and Lehigh Valley, Estimated Investment of $96 Million Sold Five Buildings for $25 Million in the Fourth Quarter; $163 Million Sold in 2024 CHICAGO , Feb. 5, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced results for the fourth quarter and full year 2024. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.52 in the fourth quarter, compared to $0.67 a year ago.
First Industrial Realty Trust Reports Fourth Quarter and Full Year 2024 Results
Positive
Seeking Alpha
3 weeks ago
How The 'Smart Money' Is Investing In REITs Right Now
Passive investors commonly outperform active investors. REITs are an exception in which active strategies outperform. Here is what some of the world's best REIT investors are today buying.
How The 'Smart Money' Is Investing In REITs Right Now
Neutral
PRNewsWire
1 month ago
First Industrial Realty Trust Reports Tax Treatment Of Common Stock Distributions
CHICAGO , Jan. 17, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today reported the tax treatment of its 2024 distributions.  This release is based on the preliminary results of work on the Company's tax filings and may be subject to correction or adjustment when the filings are completed.
First Industrial Realty Trust Reports Tax Treatment Of Common Stock Distributions
Neutral
PRNewsWire
1 month ago
First Industrial Realty Trust To Host Fourth Quarter And Full Year 2024 Results Conference Call On February 6
CHICAGO , January 13, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its fourth quarter and full year 2024 results conference call on Thursday, February 6, 2025 at 10:00 a.m. CST (11:00 a.m.
First Industrial Realty Trust To Host Fourth Quarter And Full Year 2024 Results Conference Call On February 6
Positive
Seeking Alpha
1 month ago
Why REIT Struggles Now Could Lead To Big Gains: Lessons From A Billionaire Investor
REITs are so cheap that they are getting the attention of billionaires. Legendary investor Barry Sternlicht is loading up on REITs. We discuss what he is buying and why.
Why REIT Struggles Now Could Lead To Big Gains: Lessons From A Billionaire Investor
Positive
Seeking Alpha
1 month ago
Up To 10% Yield: 3 REITs To Buy Before They Hike Their Dividend
REITs are so cheap that some offer up to 10% dividend yields. That's despite growing steadily. I highlight 3 REITs to buy before their next dividend hike.
Up To 10% Yield: 3 REITs To Buy Before They Hike Their Dividend
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