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NYSE · REIT - Industrial · USD

First Industrial Realty Trust, Inc. (FR) Stock Analysis

First Industrial Realty Trust, Inc. (FR) is a REIT - Industrial stock listed on NYSE and quoted in US Dollar.

FR

$61.85

+$0.14 (+0.23%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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FR Key Statistics

As of Sep 4, 2026
Trading
Open
$60.83
Previous Close
$61.71
Day's Range
60.80–62.13
52-Week Range
50.24–69.88
Volume
1.06M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.04
Valuation
Market Cap
$8.47B
P/E Ratio
22.49
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
33.20
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
11.15
EPS (ttm)Profit attributable to each share over the last twelve months.
2.75
Financials (FY)
Revenue (FY)
$727.08M+8.58%
Net Income (FY)
$247.44M−13.95%
Profit marginThe share of revenue left as profit after all costs and taxes.
47.92%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
132.57M
1-Year Return
+22.87%
Dividend and dates
Dividend
$2.00+3.24%
Ex-Dividend Date
September 30, 2026
Earnings Date
October 21, 2026
Avg Volume
1.08M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

FR Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+9.81%
2025+18.17%
2024−2.01%
2023+11.91%
2022−25.37%
2021+60.33%
2020+4.24%
2019+47.38%
2018−5.60%
2017+15.50%
2016 (partial year)−1.38%

As of September 4, 2026.

FR Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$727.08M$247.44M34.0%
2024$669.64M$287.55M42.9%
2023$614.03M$274.82M44.8%
2022$539.93M$359.13M66.5%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$727.08M$535.60M$307.71M$247.44M34.0%
2024$669.64M$486.82M$272.42M$287.55M42.9%
2023$614.03M$448.37M$244.63M$274.82M44.8%
2022$539.93M$396.27M$213.97M$359.13M66.5%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

FR Dividend History

$1.78+20.3% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.002—
2025$1.784+20.3%
2024$1.484+15.6%
2023$1.284+8.5%
YearDividends per sharePaymentsChange
2026 (partial year)$1.002—
2025$1.784+20.3%
2024$1.484+15.6%
2023$1.284+8.5%
2022$1.184+9.3%
2021$1.084+8.0%
2020$1.004+8.7%
2019$0.924+5.5%
2018$0.874+3.8%
2017$0.844+121.1%
2016$0.382—

Most recent payment: $0.50 per share, ex-dividend June 30, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

FR Valuation vs REIT - Industrial Median

Median of 18 stocks
MetricFRREIT - Industrial medianvs median
P/E22.4929.7924% below
P/S ratio11.158.4532% above
Profit margin47.92%27.67%20.3 pts above

Medians across 18 REIT - Industrial stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 9 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

First Industrial Realty Trust, Inc. (FR) is capitalised at $8.47B on the latest close. The company sits in the Real Estate sector, in the REIT - Industrial industry. The company reports 151 employees.

FR last closed at $61.85 on September 4, 2026. That is +$0.14 (+0.23%) against the previous close. The 52-week range on file runs from $50.24 to $69.88. The latest close sits 23.11% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $727.08M. Against the prior fiscal year total of $669.64M, that is a change of +8.58%. The same year closed with net income of $247.44M. That is −13.95% against the prior fiscal year. The reported profit margin is 47.92%. That is 20.3 percentage points above the REIT - Industrial median of 27.67%. Trailing earnings per share are 2.75.

Across the 4 fiscal years on file, revenue moves from $539.93M in 2022 to $727.08M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 22.49 times earnings. That is 24.49% below the REIT - Industrial median of 29.79. The forward P/E on file is 33.2. The price-to-sales ratio is 11.15. On price-to-sales that is 31.89% above the REIT - Industrial median of 8.45. 18 REIT - Industrial companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 1.04. Annualized volatility over the trailing 10 years is 24.43%. Over the trailing twelve months the price has returned +22.87%. Measured over 10 years, that is +10.79% a year compounded.

Growth & Income

The trailing dividend yield is 3.24%. That is 1.4 percentage points below the REIT - Industrial median yield of 4.61%. At the indicated rate that is $2.00 a share a year. The ex-dividend date on file is September 30, 2026. Dividends are recorded for 11 calendar years; 2026 shows 2 payments totalling $1.00 a share. The year before, 2025, totalled $1.78 a share.

The strongest complete calendar year on file is 2021 at +60.33%; the weakest is 2022 at −25.37%. Of the 9 complete calendar years on file, 6 finished higher. 2026 is still running; the price is +9.81% year to date.

Peer Comparison

First Industrial Realty Trust, Inc. (FR) operates in the REIT - Industrial industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
First Industrial Realty Trust, Inc. FR $8.47B 22.5
Prologis, Inc. PLD $133.51B 30.6
Public Storage PSA $56.40B 28.8
Extra Space Storage Inc. EXR $30.73B 31.1

The REIT - Industrial industry average P/E ratio is 29.8x. First Industrial Realty Trust, Inc. trades at a P/E of 22.5.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc. 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. In total, we own and have under development approximately 72.1 million square feet of industrial space concentrated in 15 target MSAs as of June 30, 2026. First Industrial Realty Trust, Inc. was established on August 10, 1993 and is based in Chicago, United States.

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