कंपनी का अवलोकन
First Industrial Realty Trust, Inc. operates as a prominent owner, operator, developer, and acquirer of logistics properties exclusively within the United States, serving multinational corporations and regional entities through a fully integrated platform. The firm functions within the Real Estate sector, specifically classified under the REIT - Industrial industry, which denotes a focus on warehouse and distribution centers that support the supply chain infrastructure. This enterprise maintains a market capitalization of $8.26B and generates annual revenue of $727.56M, employing a workforce of 151 individuals to manage its extensive property portfolio. The market cap figure of $8.26B indicates that the company commands significant investor attention relative to its operational scale, while the revenue of $727.56M reflects a substantial footprint in the industrial real estate market. The combination of a high market valuation and multi-hundred-million-dollar revenue stream suggests the company occupies a leading position among U.S.-only industrial property owners, leveraging its integrated operating model to deliver high-quality facilities.
वित्तीय स्वास्थ्य
The company reported a revenue of $727.56M over the trailing twelve months, with a net income of $247.30M and an EBITDA of $503.28M, highlighting a distinct gap between top-line revenue and bottom-line earnings that reveals a robust cost structure with significant operating leverage. The substantial difference between the EBITDA of $503.28M and the net income of $247.30M underscores the magnitude of non-operating expenses, interest obligations, and taxes absorbed from the earnings before interest and taxes. Free cash flow stands at $421.64M, providing the company with considerable financial flexibility to fund debt obligations, pursue acquisitions, or return capital to stakeholders without compromising liquidity. Gross margin is reported at 73.6%, indicating that the majority of revenue is retained after covering the direct costs of property ownership and leasing. Operating margin reaches 42.1%, demonstrating efficient management of overhead and administrative costs relative to total revenue. Profit margin sits at 34.0%, confirming that a significant portion of sales converts into actual profit after all expenses are settled. Total cash on hand is $78.03M, which contrasts sharply with total debt of $2.57B, resulting in a debt-to-equity ratio of 93.30 that characterizes a highly leveraged balance sheet typical for REIT structures. The current ratio of 0.52 indicates that current assets are less than current liabilities, suggesting a reliance on long-term financing or non-current assets to meet short-term obligations. Return on equity is 9.6%, while return on assets is 3.5%, metrics that reveal the efficiency with which management utilizes shareholder capital and total assets to generate profit in a capital-intensive industry.
मूल्यांकन आकलन
The trailing P/E ratio is 32.34, while the forward P/E is 32.77, implying that the market expects earnings to grow slightly to meet the higher future multiple or that current earnings are expected to expand marginally in the coming year. The price-to-book ratio stands at 3.00, indicating that the stock trades at three times its book value, which suggests a market premium reflecting the quality of the underlying industrial assets and growth expectations. The price-to-sales ratio is 11.36, and the EV/EBITDA multiple is 21.06, both of which serve as alternative valuation metrics suggesting that investors are willing to pay a premium for the company's revenue generation and cash flow capabilities relative to peers. The 52-week high is $64.01 and the 52-week low is $40.31, providing a range within which the stock has traded; without the specific current price, the precise percentage deviation cannot be calculated, but the wide range indicates volatility over the last year. The beta value is 1.13, meaning the stock's price volatility is approximately 13% higher than the broader market, indicating higher sensitivity to market movements compared to the average equity.
Growth & Income
Revenue growth year-over-year is 7.7%, while earnings growth year-over-year is 15.2%, demonstrating that earnings are growing at a significantly faster pace than revenue, which implies improving operational efficiency or cost control measures. As a dividend payer, the company offers a dividend yield of 3.3% with a payout ratio of 95.2%, a high ratio that requires careful monitoring to ensure sustainability given the substantial debt load and the need to service obligations. The high payout ratio suggests that nearly all net income is distributed to shareholders, leaving limited room for reinvestment in growth projects unless earnings continue to expand rapidly. The overall growth and income profile presents a mix of double-digit earnings expansion and a generous current yield, though the high leverage and payout ratio introduce specific risk factors regarding future cash flow stability.