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First Industrial Realty Trust Inc (FR)



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Upturn Advisory Summary
04/01/2025: FR (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -11.93% | Avg. Invested days 41 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.35B USD | Price to earnings Ratio 24.91 | 1Y Target Price 59.69 |
Price to earnings Ratio 24.91 | 1Y Target Price 59.69 | ||
Volume (30-day avg) 1176522 | Beta 1.09 | 52 Weeks Range 43.76 - 57.68 | Updated Date 04/2/2025 |
52 Weeks Range 43.76 - 57.68 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 3.30% | Basic EPS (TTM) 2.17 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 42.78% | Operating Margin (TTM) 41.67% |
Management Effectiveness
Return on Assets (TTM) 3.29% | Return on Equity (TTM) 11% |
Valuation
Trailing PE 24.91 | Forward PE 36.76 | Enterprise Value 9319717274 | Price to Sales(TTM) 10.94 |
Enterprise Value 9319717274 | Price to Sales(TTM) 10.94 | ||
Enterprise Value to Revenue 13.92 | Enterprise Value to EBITDA 16.73 | Shares Outstanding 132393000 | Shares Floating 131530012 |
Shares Outstanding 132393000 | Shares Floating 131530012 | ||
Percent Insiders 0.5 | Percent Institutions 98.83 |
Analyst Ratings
Rating 3.82 | Target Price 57.56 | Buy 3 | Strong Buy 6 |
Buy 3 | Strong Buy 6 | ||
Hold 7 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
First Industrial Realty Trust Inc

Company Overview
History and Background
First Industrial Realty Trust, Inc. was founded in 1993 and went public in 1994. It focuses on owning, managing, acquiring, selling, and developing industrial properties. Over time, it has grown into a leading owner and operator of industrial real estate.
Core Business Areas
- Ownership and Management: Owning, managing, and operating a diverse portfolio of industrial properties.
- Acquisitions: Acquiring existing industrial properties to expand its portfolio.
- Development: Developing new industrial properties to meet market demand.
- Property Leasing: Leasing of property to industrial, manufacturing, and distribution tenants
Leadership and Structure
The leadership team consists of experienced real estate professionals. The organizational structure is hierarchical, with departments focusing on acquisitions, leasing, development, and property management.
Top Products and Market Share
Key Offerings
- Industrial Properties: First Industrial Realty Trust owns, manages, and develops industrial properties, including warehouses, distribution centers, light manufacturing facilities, and other industrial real estate. Market share varies by region, but they are a significant player in major industrial markets. Competitors include Prologis, Duke Realty (now Prologis), and Rexford Industrial Realty.
Market Dynamics
Industry Overview
The industrial real estate market is driven by e-commerce growth, supply chain modernization, and increasing demand for logistics space. Demand remains strong in key distribution hubs across the US.
Positioning
First Industrial Realty Trust is a well-established player with a focus on strategic locations and high-quality properties. Its competitive advantage lies in its scale, expertise, and strong relationships with tenants.
Total Addressable Market (TAM)
The TAM for industrial real estate is estimated to be in the trillions of dollars. First Industrial is well-positioned to capitalize on the demand within major distribution markets.
Upturn SWOT Analysis
Strengths
- Diversified portfolio
- Strong financial position
- Experienced management team
- Strategic locations
Weaknesses
- Exposure to economic cycles
- Dependence on tenant demand
- High capital expenditures
- Interest Rate Risk
Opportunities
- E-commerce growth
- Supply chain optimization
- Expansion into new markets
- Development of specialized facilities
Threats
- Economic downturn
- Increased competition
- Rising interest rates
- Oversupply of industrial space
Competitors and Market Share
Key Competitors
- PLD
- REX
- FR
- EGP
Competitive Landscape
First Industrial competes with other REITs for tenants and acquisitions. Its advantages include its portfolio quality and strategic locations. Disadvantages may include its size relative to larger competitors.
Major Acquisitions
Continental Rail Gateway
- Year: 2023
- Acquisition Price (USD millions): 75.9
- Strategic Rationale: Expand portfolio in growing market
Growth Trajectory and Initiatives
Historical Growth: First Industrial's growth has been driven by acquisitions, development, and organic leasing. Past growth should be quantified using financial data.
Future Projections: Future growth projections depend on market conditions and company strategy. Analyst estimates should be reviewed.
Recent Initiatives: Recent strategic initiatives may include acquisitions, developments, or partnerships to expand its portfolio and market presence.
Summary
First Industrial Realty Trust is a major player in the industrial real estate market with a diversified portfolio and experienced management. Strong demand for industrial space driven by e-commerce supports its growth. However, it faces threats from economic cycles and rising interest rates. Management focuses on the geographic expansion and developing new product offering.
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Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Investor Presentations
- Analyst Reports
- Industry Publications
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions can change rapidly, and past performance is not indicative of future results. Market share data approximate
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Industrial Realty Trust Inc
Exchange NYSE | Headquaters Chicago, IL, United States | ||
IPO Launch date 1994-06-23 | President, CEO & Director Mr. Peter E. Baccile | ||
Sector Real Estate | Industry REIT - Industrial | Full time employees 151 | Website https://www.firstindustrial.com |
Full time employees 151 | Website https://www.firstindustrial.com |
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 69.0 million square feet of industrial space as of September 30, 2024.
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