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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.

Last Updated: October 21, 2026

FR

$59.40

+$0.21 (+0.35%)

Oct 21, 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 Oct 21, 2026
Trading
Open
$59.35
Previous Close
$59.19
Day's Range
58.94–59.56
52-Week Range
54.23–69.88
Volume
1.30M
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
$8.14B
P/E Ratio
21.60
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
32.59
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
10.70
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
+9.65%
Dividend and dates
Dividend
$2.00+3.38%
Ex-Dividend Date
September 30, 2026
Earnings Date
October 21, 2026
Avg Volume
1.03M

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

Key facts

As of October 21, 2026, FR closed at $59.40, +9.65% over 1 year.

First Industrial Realty Trust, Inc. (FR) has a market capitalization of $8.14B.

In fiscal 2025, FR reported revenue of $727.08M.

FR Stock Return by Calendar Year

First Industrial Realty Trust, Inc. (FR) 10-year return: what $10,000 became

1 year
$10,000 $10,965
+9.65%
5 years
$10,000 $11,691
+16.91%
10 years
$10,000 $28,678
+186.78%

If you had invested $10,000 in First Industrial Realty Trust, Inc. (FR) 10 years ago, at the close on October 21, 2016, it would have been worth $28,678 at the close on October 21, 2026: +186.78% in total, +11.11% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

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

YearReturn
2026 (partial year)+5.47%
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 October 21, 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+342.1%
2016$0.191—

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 15 stocks
MetricFRREIT - Industrial medianvs median
P/E21.6028.3624% below
P/S ratio10.708.4826% above
Profit margin47.92%28.05%19.9 pts above

Medians across 15 REIT - Industrial stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 13 articles ↓

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

Analysis

Data-derived

Company Overview

First Industrial Realty Trust, Inc. (FR) is capitalised at $8.14B 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 $59.40 on October 21, 2026. That is +$0.21 (+0.35%) against the previous close. The 52-week range on file runs from $54.23 to $69.88. The latest close sits 9.53% 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 19.9 percentage points above the REIT - Industrial median of 28.05%. 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 21.6 times earnings. That is 23.84% below the REIT - Industrial median of 28.36. The forward P/E on file is 32.59. The price-to-sales ratio is 10.7. On price-to-sales that is 26.19% above the REIT - Industrial median of 8.48. 15 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 24.33%. Over the trailing twelve months the total return is +9.65%. Measured over 10 years, that is +11.11% a year compounded.

Growth & Income

The trailing dividend yield is 3.38%. That is 1.2 percentage points below the REIT - Industrial median yield of 4.58%. 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 total return is +5.47% 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 $8.14B 21.6
Prologis, Inc. PLD $124.04B 28.4
Public Storage PSA $55.74B 28.5
Extra Space Storage Inc. EXR $30.87B 30.9

The REIT - Industrial industry average P/E ratio is 28.4x. First Industrial Realty Trust, Inc. trades at a P/E of 21.6.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 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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