First Industrial Realty Trust

FR

Market cap $9.13B

NEW YORK, July 16, 2026 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating First Industrial Realty Trust, Inc. (NYSE: FR) on behalf of the company's shareholders. The investigation seeks to determine whether First Industrial Realty Trust's directors breached their fiduciary duties in connection with recent corporate actions.

First Industrial Realty Trust, Inc. is downgraded to Hold after a strong price run and elevated valuation. FR stock trades at a forward price to AFFO of 24.75x, well above the sector median, despite slowing same-store NOI growth. Portfolio strength is supported by diversification, data center land sales, and robust dividend coverage with a 3% yield.

Two blue-chip REITs are down about 50%. One looks like a strong buy, the other a trap. The key difference is long-term supply and demand.

CHICAGO, July 7, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its second quarter 2026 results conference call on Thursday, July 23, 2026 at 10:00 a.m. CDT (11:00 a.m.

REITs have refused to break in 2026 despite oil-driven inflation pressure, rising Treasury yields, and a Fed narrative that flipped from multiple rate cuts to potential hikes. The “Rates Up, REITs Down” regime has weakened, with REIT-rate correlations falling sharply as fundamentals, strategy, capital allocation, and valuation catalysts increasingly drive performance. M&A has helped break the rate-driven narrative, validating public-market discounts to NAV and proving that REITs can unlock value through consolidation, privatizations, and strategic alternatives.

First Industrial Realty Trust is downgraded from buy to hold due to less attractive valuation and limited total return potential given market conditions. FR continues to deliver double-digit CAGR in FFO and DPS, with Q1 leasing performance exceeding expectations. Industrial market fundamentals are softening, with supply outpacing demand and vacancy rates rising, impacting FR's negotiating position.

First Industrial Realty Trust, Inc. (FR) Presents at Nareit REITweek: 2026 Investor Conference Transcript

CHICAGO, June 1, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will present at Nareit's REITWeek 2026 Investor Conference on Tuesday, June 2, 2026 at 2:30 PM EDT (1:30 PM CDT). A webcast of the presentation will be available on First Industrial's website at www.firstindustrial.com under the "Investors" tab.

Smart money is piling into data centers and senior housing. One top activist REIT investor is making contrarian bets. INVH and NHI could be overlooked beneficiaries.

CHICAGO, April 30, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced that, based on the final vote count provided by its Independent Inspector of Elections following the Company's 2026 Annual Meeting of Stockholders (the "Annual Meeting"), shareholders re-elected each of the Company's incumbent directors – Peter E. Baccile, Teresa Bryce Bazemore, Matthew S.