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FR - First Industrial Realty Trust Inc Stock Price, Fair Value and News

52.45USD+0.38 (+0.73%)Delayed as of 28 Mar 2024, 02:01 pm ET

Market Summary

FR
USD52.45+0.38
Delayedas of 28 Mar 2024, 02:01 pm
0.73%

FR Stock Price

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FR RSI Chart

FR Valuation

Market Cap

6.9B

Price/Earnings (Trailing)

24.79

Price/Sales (Trailing)

11.22

EV/EBITDA

13.74

Price/Free Cashflow

22.61

FR Price/Sales (Trailing)

FR Profitability

EBT Margin

42.72%

Return on Equity

10.85%

Return on Assets

5.37%

Free Cashflow Yield

4.42%

FR Fundamentals

FR Revenue

Revenue (TTM)

614.0M

Rev. Growth (Yr)

8.76%

Rev. Growth (Qtr)

1.4%

FR Earnings

Earnings (TTM)

278.0M

Earnings Growth (Yr)

17.45%

Earnings Growth (Qtr)

14.65%

Breaking Down FR Revenue

52 Week Range

46.0455.23
(Low)(High)

Last 7 days

-0.1%

Last 30 days

-4.7%

Last 90 days

-1.1%

Trailing 12 Months

3.2%

How does FR drawdown profile look like?

FR Financial Health

FR Investor Care

Dividend Yield

2.46%

Dividend/Share (TTM)

1.28

Shares Dilution (1Y)

0.10%

Diluted EPS (TTM)

2.07

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023563.8M586.0M601.4M614.0M
2022485.5M498.2M516.9M539.9M
2021453.9M462.1M467.0M476.3M
2020431.8M436.9M446.5M448.0M
2019408.7M414.0M420.3M426.0M
2018398.8M400.1M401.0M404.0M
2017381.9M386.5M392.2M396.4M
2016369.3M371.9M373.3M378.0M
2015350.7M357.1M362.9M365.8M
2014324.1M328.6M335.9M344.6M
2013303.2M301.2M301.7M318.5M
2012319.5M320.7M320.0M305.2M
2011320.9M320.5M321.6M321.1M
2010368.9M353.2M337.5M321.8M
2009000384.6M

Tracking the Latest Insider Buys and Sells of First Industrial Realty Trust Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 01, 2024
yap johannson l
gifted
-
-
-365
chief investment officer
Feb 23, 2024
schultz peter
gifted
-
-
-100
evp - east region
Jan 02, 2024
matthews rice jennifer
acquired
-
-
8,096
general counsel
Jan 02, 2024
matthews rice jennifer
sold (taxes)
-216,277
52.97
-4,083
general counsel
Dec 01, 2023
musil scott a
gifted
-
-
-2,105
chief financial officer
Dec 01, 2023
musil scott a
gifted
-
-
750
chief financial officer
Aug 25, 2023
yap johannson l
gifted
-
-
-40.00
chief investment officer
May 19, 2023
yap johannson l
gifted
-
-
-300
chief investment officer
May 18, 2023
yap johannson l
gifted
-
-
-50.00
chief investment officer
May 08, 2023
yap johannson l
gifted
-
-
-4,140
chief investment officer

1–10 of 50

Which funds bought or sold FR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-3.00
31,547
460,284
-%
Mar 15, 2024
B. Riley Wealth Advisors, Inc.
sold off
-100
-219,744
-
-%
Mar 14, 2024
ABLES, IANNONE, MOORE & ASSOCIATES, INC.
new
-
82,323
82,323
0.06%
Mar 11, 2024
VANGUARD GROUP INC
reduced
-0.56
91,930,000
1,006,710,000
0.02%
Mar 08, 2024
TRUST CO OF VERMONT
unchanged
-
9,530
98,809
0.01%
Mar 05, 2024
Fisher Asset Management, LLC
reduced
-22.41
-1,078,180
6,553,830
-%
Mar 05, 2024
GREENWOOD CAPITAL ASSOCIATES LLC
added
95.84
667,474
1,239,220
0.08%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
25.3
21,956,200
78,734,800
0.01%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-4.11
543,157
9,410,600
0.04%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-4.66
118,000
2,264,000
0.02%

1–10 of 49

Are Funds Buying or Selling FR?

Are funds buying FR calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own FR
No. of Funds

Unveiling First Industrial Realty Trust Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
principal real estate investors llc
4.5%
5,947,508
SC 13G/A
Feb 13, 2024
vanguard group inc
14.45%
19,113,524
SC 13G/A
Jan 30, 2024
state street corp
5.57%
7,369,764
SC 13G/A
Jan 23, 2024
blackrock inc.
11.9%
15,703,240
SC 13G/A
Feb 15, 2023
principal real estate investors llc
6.21%
8,205,420
SC 13G/A
Feb 09, 2023
vanguard group inc
14.77%
19,521,607
SC 13G/A
Feb 01, 2023
state street corp
5.48%
7,236,334
SC 13G/A
Jan 26, 2023
blackrock inc.
12.1%
15,996,956
SC 13G/A
Jan 20, 2023
blackrock inc.
12.1%
15,996,956
SC 13G/A
Feb 15, 2022
principal real estate investors llc
6.15%
8,010,462
SC 13G

Recent SEC filings of First Industrial Realty Trust Inc

View All Filings
Date Filed Form Type Document
Mar 04, 2024
4
Insider Trading
Feb 26, 2024
4
Insider Trading
Feb 15, 2024
8-K
Current Report
Feb 14, 2024
10-K
Annual Report
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 07, 2024
8-K
Current Report
Jan 30, 2024
SC 13G/A
Major Ownership Report
Jan 23, 2024
SC 13G/A
Major Ownership Report
Jan 04, 2024
4
Insider Trading

Peers (Alternatives to First Industrial Realty Trust Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
92.0B
11.1B
3.02% 3.17%
67.33
8.26
4.04% -19.43%
45.8B
7.0B
-5.01% -21.08%
30.53
6.57
-0.07% -10.36%
26.1B
2.8B
3.42% 11.05%
28.1
9.43
6.73% -18.30%
21.9B
2.9B
5.24% -2.41%
211.79
7.61
11.46% -80.13%
13.1B
1.6B
5.52% 21.06%
30.39
8.17
7.80% 39.39%
11.1B
1.3B
-2.42% 1.98%
30.46
8.4
8.04% -24.50%
9.9B
3.3B
-6.07% 8.98%
52.15
3.03
5.31% -77.32%
MID-CAP
8.4B
1.1B
-0.89% 2.72%
35.55
7.44
5.38% -38.52%
3.7B
884.1M
-1.28% 51.03%
-13.45
4.17
2.90% -314.82%
3.5B
899.4M
12.83% 136.94%
-6.17
3.87
-0.45% -623.11%
SMALL-CAP
1.3B
441.2M
-3.35% 20.98%
20.37
2.99
4.38% 15.77%
1.2B
198.2M
4.31% 1.50%
-7.47
5.93
-43.33% -270.70%
1.1B
605.6M
5.98% 19.45%
14.31
1.89
25.53% 134.62%
650.5M
258.7M
-8.43% -22.26%
-13.37
2.51
0.11% 83.70%
461.8M
277.9M
8.28% -16.39%
-29.12
1.66
44.33% 96.06%

First Industrial Realty Trust Inc News

Latest updates
Defense World • 9 hours ago

First Industrial Realty Trust Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue1.4%157155152149145140130126122121117116112116109110111107104105105
Costs and Expenses0.7%93.0093.0091.0092.0086.0083.0080.0078.0075.0075.0073.0074.0072.0072.0069.0069.0070.0065.00---
Operating Expenses---------------69.0069.0070.0065.0064.0067.0068.00
  S&GA Expenses15.8%10.008.0010.009.009.008.008.009.009.009.008.009.008.007.008.009.008.007.007.007.006.00
EBITDA Margin-0.81*-0.87*0.87*0.90*0.99*0.85*0.89*0.96*0.91*0.91*0.88*0.84*--------
Interest Expenses-------------11.0013.0012.0013.0010.0012.0012.0013.0010.00
Income Taxes120.1%1.000.000.007.00-0.980.0024.00-0.093.001.002.00-0.152.00-0.040.00-0.080.000.003.000.000.00
Earnings Before Taxes19.6%91.0076.0055.0040.0086.0012740.0037.0012044.0055.0064.0083.0037.0037.0041.0099.0080.0028.0024.0052.00
EBT Margin-0.3%0.43*0.43*0.53*0.52*0.54*0.63*0.48*0.53*0.59*0.53*0.52*0.49*---------
Net Income14.6%86.0075.0056.0061.0073.0012413437.0011342.0053.0064.0084.0036.0036.0042.0097.0078.0040.0024.0051.00
Net Income Margin2.7%0.45*0.44*0.54*0.69*0.68*0.79*0.66*0.51*0.57*0.52*0.51*0.48*---------
Free Cashflow-23.7%64.0084.0086.0070.0065.0087.0019960.0070.0078.0077.0041.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0.5%5,1765,1525,0894,9514,9544,8644,6634,3794,1793,9753,8643,8173,7923,7393,6523,6633,5193,3773,2553,1793,143
    Cash Equivalents-19.2%44.0054.0068.0066.0013315213545.0059.0061.0083.0018020017110113515344.0033.0031.0050.00
Liabilities-0.2%2,5412,5452,5282,4232,4242,3782,2922,1061,9311,9021,8621,8361,8451,8501,8551,8721,7211,6511,5801,5131,463
Shareholder's Equity1.1%2,5632,5352,5622,5282,4592,4862,3722,2722,2482,0742,0021,9811,9471,8891,7971,7911,7981,7251,6741,6661,680
  Retained Earnings57.9%12881.0048.0036.0023.00----------------
  Additional Paid-In Capital0.2%2,4122,4072,4032,4002,4012,3982,3932,3892,3762,2872,2252,2212,2252,2222,1412,1382,1412,1382,1302,1282,132
Shares Outstanding0.0%132132132132132132132132130130129129---------
Minority Interest0.9%72.0072.0071.0070.0071.0071.0069.0058.0054.0051.0051.0050.0045.0043.0038.0038.0034.0033.0038.0038.0034.00
Float---6,933---6,244---6,709---4,810---4,594--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-23.7%64.0084.0086.0070.0065.0087.0019960.0070.0078.0077.0041.0050.0073.0077.0040.0055.0070.0078.0042.0059.00
Cashflow From Investing22.8%-55.43-71.78-146-104-117-103-204-203-125-129-139-22.0623.00-28.58-62.72-18310.00-57.37-100-56.98-50.90
Cashflow From Financing26.7%-19.35-26.4158.00-39.6146.0033.0096.0012953.0030.00-34.57-39.30-44.3726.00-48.6312544.00-1.8625.00-4.23-29.90
  Dividend Payments0%43.0043.0043.0040.0040.0040.0040.0036.0036.0036.0036.0033.0033.0032.0032.0030.0030.0030.0030.0028.0028.00

FR Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues   
Lease Revenue$ 602,294$ 532,237$ 473,236
Joint Venture Fees5,1591,322321
Other Revenue6,5746,3702,733
Total Revenues614,027539,929476,290
Expenses:   
Property Expenses165,655143,663131,300
General and Administrative37,12133,97234,610
Joint Venture Development Services Expense3,6679090
Depreciation and Other Amortization162,951147,420130,953
Total Expenses369,394325,964296,863
Other Income (Expense):   
Gain on Sale of Real Estate95,650128,268150,310
Interest Expense(74,335)(49,013)(44,103)
Amortization of Debt Issuance Costs(3,626)(3,187)(3,423)
Total Other Income (Expense)17,68976,068102,784
Income from Operations Before Equity in Income (Loss) of Joint Ventures and Income Tax Provision262,322290,033282,211
Equity in Income (Loss) of Joint Ventures32,207114,942(161)
Income Tax Provision(8,692)(23,363)(4,879)
Net Income285,837381,612277,171
Less: Net Income Attributable to the Noncontrolling Interests(11,021)(22,478)(6,174)
Net Income Available to Common Stockholders / Unitholders and Participating Securities274,816359,134270,997
Net Income Allocable to Participating Securities(232)(348)(299)
Net Income Available to Common Stockholders / Unitholders$ 274,584$ 358,786$ 270,698
Basic Earnings Per Share / Unit:   
Net Income Available to Common Stockholders/Unitholders$ 2.08$ 2.72$ 2.09
Diluted Earnings Per Share / Unit:   
Net Income Available to Common Stockholders/Unitholders$ 2.07$ 2.72$ 2.09
Weighted Average Shares/Units Outstanding - Basic132,264132,024129,688
Weighted Average Shares / Units Outstanding - Diluted132,341132,103129,775
First Industrial, L.P.   
Revenues   
Lease Revenue$ 602,294$ 532,237$ 473,236
Joint Venture Fees5,1591,322321
Other Revenue6,5746,3702,733
Total Revenues614,027539,929476,290
Expenses:   
Property Expenses165,655143,663131,300
General and Administrative37,12133,97234,610
Joint Venture Development Services Expense3,6679090
Depreciation and Other Amortization162,951147,420130,953
Total Expenses369,394325,964296,863
Other Income (Expense):   
Gain on Sale of Real Estate95,650128,268150,310
Interest Expense(74,335)(49,013)(44,103)
Amortization of Debt Issuance Costs(3,626)(3,187)(3,423)
Total Other Income (Expense)17,68976,068102,784
Income from Operations Before Equity in Income (Loss) of Joint Ventures and Income Tax Provision262,322290,033282,211
Equity in Income (Loss) of Joint Ventures32,207114,942(161)
Income Tax Provision(8,692)(23,363)(4,879)
Net Income285,837381,612277,171
Less: Net Income Attributable to the Noncontrolling Interests(4,136)(14,093)(133)
Net Income Available to Common Stockholders / Unitholders and Participating Securities281,701367,519277,038
Net Income Allocable to Participating Securities(551)(877)(770)
Net Income Available to Common Stockholders / Unitholders$ 281,150$ 366,642$ 276,268
Basic Earnings Per Share / Unit:   
Net Income Available to Common Stockholders/Unitholders$ 2.09$ 2.73$ 2.10
Diluted Earnings Per Share / Unit:   
Net Income Available to Common Stockholders/Unitholders$ 2.08$ 2.72$ 2.09
Weighted Average Shares/Units Outstanding - Basic134,777134,229131,740
Weighted Average Shares / Units Outstanding - Diluted135,249134,681132,237

FR Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investment in Real Estate:  
Land$ 1,756,971$ 1,646,179
Buildings and Improvements3,711,7183,442,957
Construction in Progress245,391253,903
Less: Accumulated Depreciation(1,009,335)(921,480)
Net Investment in Real Estate4,704,7454,421,559
Operating Lease Right-of-Use Assets24,21124,580
Cash and Cash Equivalents43,844133,244
Restricted Cash011,874
Tenant Accounts Receivable10,9937,135
Investment in Joint Venture44,6638,822
Deferred Rent Receivable144,033122,918
Prepaid Expenses and Other Assets, Net203,276224,190
Total Assets5,175,7654,954,322
Indebtedness:  
Mortgage Loan Payable9,97810,299
Senior Unsecured Notes, Net994,463993,742
Unsecured Term Loans, Net920,863919,260
Unsecured Credit Facility299,000143,000
Accounts Payable, Accrued Expenses and Other Liabilities143,429194,031
Operating Lease Liabilities21,99222,266
Rents Received in Advance and Security Deposits106,734100,166
Dividends and Distributions Payable44,20141,259
Total Liabilities2,540,6602,424,023
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial L.P.'s Partners' Capital:  
Common Stock ($0.01 par value, 225,000,000 shares authorized and 132,289,039 and 132,141,503 shares issued and outstanding)1,3231,321
Additional Paid-in Capital2,411,6732,401,334
Retained Earnings127,70723,131
Accumulated Other Comprehensive Income22,27233,412
Total First Industrial Realty Trust, Inc.'s Equity2,562,9752,459,198
Noncontrolling Interests72,13071,101
Total Equity2,635,1052,530,299
Total Liabilities and Equity/Partners' Capital5,175,7654,954,322
First Industrial, L.P.  
Investment in Real Estate:  
Land1,756,9711,646,179
Buildings and Improvements3,711,7183,442,957
Construction in Progress245,391253,903
Less: Accumulated Depreciation(1,009,335)(921,480)
Net Investment in Real Estate4,704,7454,421,559
Operating Lease Right-of-Use Assets24,21124,580
Cash and Cash Equivalents43,844133,244
Restricted Cash011,874
Tenant Accounts Receivable10,9937,135
Investment in Joint Venture44,6638,822
Deferred Rent Receivable144,033122,918
Prepaid Expenses and Other Assets, Net212,559233,471
Total Assets5,185,0484,963,603
Indebtedness:  
Mortgage Loan Payable9,97810,299
Senior Unsecured Notes, Net994,463993,742
Unsecured Term Loans, Net920,863919,260
Unsecured Credit Facility299,000143,000
Accounts Payable, Accrued Expenses and Other Liabilities143,429194,031
Operating Lease Liabilities21,99222,266
Rents Received in Advance and Security Deposits106,734100,166
Dividends and Distributions Payable44,20141,259
Total Liabilities2,540,6602,424,023
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial L.P.'s Partners' Capital:  
General Partner Units (132,289,039 and 132,141,503 units outstanding)2,505,1502,395,601
Limited Partners Units (3,378,165 and 3,055,766 units outstanding)109,00395,015
Accumulated Other Comprehensive Income22,84234,186
Total First Industrial L.P.'s Partners' Capital2,636,9952,524,802
Noncontrolling Interests7,39314,778
Total Partners' Capital2,644,3882,539,580
Total Liabilities and Equity/Partners' Capital$ 5,185,048$ 4,963,603
FR
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 69.4 million square feet of industrial space as of June 30, 2023.
 CEO
 WEBSITEwww.firstindustrial.com
 EMPLOYEES157

First Industrial Realty Trust Inc Frequently Asked Questions


What is the ticker symbol for First Industrial Realty Trust Inc? What does FR stand for in stocks?

FR is the stock ticker symbol of First Industrial Realty Trust Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of First Industrial Realty Trust Inc (FR)?

As of Wed Mar 27 2024, market cap of First Industrial Realty Trust Inc is 6.89 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FR stock?

You can check FR's fair value in chart for subscribers.

What is the fair value of FR stock?

You can check FR's fair value in chart for subscribers. The fair value of First Industrial Realty Trust Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of First Industrial Realty Trust Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is First Industrial Realty Trust Inc a good stock to buy?

The fair value guage provides a quick view whether FR is over valued or under valued. Whether First Industrial Realty Trust Inc is cheap or expensive depends on the assumptions which impact First Industrial Realty Trust Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FR.

What is First Industrial Realty Trust Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, FR's PE ratio (Price to Earnings) is 24.79 and Price to Sales (PS) ratio is 11.22. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on First Industrial Realty Trust Inc's stock?

In the past 10 years, First Industrial Realty Trust Inc has provided 0.129 (multiply by 100 for percentage) rate of return.