(FR) First Industrial Realty - Ratings and Ratios
Industrial, Warehouses, Distribution, Logistics
FR EPS (Earnings per Share)
FR Revenue
Description: FR First Industrial Realty July 28, 2025
First Industrial Realty Trust Inc (NYSE:FR) is a leading US-based real estate investment trust (REIT) specializing in logistics properties, providing high-quality facilities and industry-leading customer service to multinational corporations and regional firms. The companys portfolio is concentrated in 15 target metropolitan statistical areas (MSAs), with a focus on supply-constrained, coastally oriented markets.
The companys extensive portfolio comprises approximately 69.5 million square feet of industrial space, positioning it as a significant player in the US industrial real estate market. As a fully integrated operating and investing platform, First Industrial Realty Trust Inc is well-equipped to cater to the needs of its clients, who rely on its facilities as essential components of their supply chains.
From a financial perspective, key performance indicators (KPIs) such as Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO) are crucial in evaluating the companys performance. The companys FFO payout ratio, dividend yield, and capitalization rate are also important metrics. With a market capitalization of $6.8 billion, First Industrial Realty Trust Inc has a significant presence in the market. Its return on equity (ROE) of 10.23% indicates a reasonable return for shareholders.
To further analyze the companys performance, other relevant KPIs could include the occupancy rate, rental growth rate, and debt-to-equity ratio. A high occupancy rate and rental growth rate would indicate a strong demand for the companys properties, while a manageable debt-to-equity ratio would suggest a healthy balance sheet. By examining these metrics, investors can gain a more comprehensive understanding of First Industrial Realty Trust Incs financial health and operational efficiency.
FR Stock Overview
| Market Cap in USD | 7,429m |
| Sub-Industry | Industrial REITs |
| IPO / Inception | 1994-06-23 |
FR Stock Ratings
| Growth Rating | 26.9% |
| Fundamental | 72.1% |
| Dividend Rating | 65.8% |
| Return 12m vs S&P 500 | -11.3% |
| Analyst Rating | 3.83 of 5 |
FR Dividends
| Dividend Yield 12m | 3.06% |
| Yield on Cost 5y | 4.70% |
| Annual Growth 5y | 10.30% |
| Payout Consistency | 83.6% |
| Payout Ratio | 67.1% |
FR Growth Ratios
| Growth Correlation 3m | 78% |
| Growth Correlation 12m | -13.8% |
| Growth Correlation 5y | 36.5% |
| CAGR 5y | 8.92% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.35 |
| CAGR/Mean DD 3y (Pain Ratio) | 1.22 |
| Sharpe Ratio 12m | -0.17 |
| Alpha | -11.84 |
| Beta | 1.079 |
| Volatility | 21.53% |
| Current Volume | 1087.3k |
| Average Volume 20d | 990.1k |
| Stop Loss | 54 (-3.1%) |
| Signal | 0.08 |
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income (236.9m TTM) > 0 and > 6% of Revenue (6% = 42.9m TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA 6.43pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -49.34% (prev 2.04%; Δ -51.38pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.08 (>3.0%) and CFO 416.1m > Net Income 236.9m (YES >=105%, WARN >=100%) |
| Net Debt (-33.5m) to EBITDA (511.0m) ratio: -0.07 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.38 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (132.5m) change vs 12m ago 0.06% (target <= -2.0% for YES) |
| Gross Margin 67.53% (prev 59.78%; Δ 7.75pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 13.34% (prev 12.52%; Δ 0.82pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 8.07 (EBITDA TTM 511.0m / Interest Expense TTM 39.6m) >= 6 (WARN >= 3) |
Altman Z'' 0.20
| (A) -0.06 = (Total Current Assets 218.0m - Total Current Liabilities 570.5m) / Total Assets 5.51b |
| (B) 0.04 = Retained Earnings (Balance) 219.1m / Total Assets 5.51b |
| (C) 0.06 = EBIT TTM 319.3m / Avg Total Assets 5.35b |
| (D) 0.09 = Book Value of Equity 240.4m / Total Liabilities 2.77b |
| Total Rating: 0.20 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 72.13
| 1. Piotroski 7.0pt = 2.0 |
| 2. FCF Yield 4.32% = 2.16 |
| 3. FCF Margin 58.25% = 7.50 |
| 4. Debt/Equity 0.81 = 2.18 |
| 5. Debt/Ebitda -0.07 = 2.50 |
| 6. ROIC - WACC (= -1.07)% = -1.34 |
| 7. RoE 8.85% = 0.74 |
| 8. Rev. Trend 99.42% = 7.46 |
| 9. EPS Trend -21.33% = -1.07 |
What is the price of FR shares?
Over the past week, the price has changed by +2.39%, over one month by +8.40%, over three months by +10.12% and over the past year by +4.35%.
Is First Industrial Realty a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FR is around 53.39 USD . This means that FR is currently overvalued and has a potential downside of -4.18%.
Is FR a buy, sell or hold?
- Strong Buy: 6
- Buy: 3
- Hold: 9
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the FR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 56.8 | 1.8% |
| Analysts Target Price | 56.8 | 1.8% |
| ValueRay Target Price | 59 | 5.9% |
FR Fundamental Data Overview October 18, 2025
P/E Trailing = 26.5463
P/E Forward = 36.7647
P/S = 10.3636
P/B = 2.5783
P/EG = 3.74
Beta = 1.079
Revenue TTM = 714.3m USD
EBIT TTM = 319.3m USD
EBITDA TTM = 511.0m USD
Long Term Debt = 1.93b USD (from longTermDebt, last fiscal year)
Short Term Debt = 282.0m USD (from shortTermDebt, last fiscal year)
Debt = 2.23b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -33.5m USD (from netDebt column, last quarter)
Enterprise Value = 9.62b USD (7.43b + Debt 2.23b - CCE 33.5m)
Interest Coverage Ratio = 8.07 (Ebit TTM 319.3m / Interest Expense TTM 39.6m)
FCF Yield = 4.32% (FCF TTM 416.1m / Enterprise Value 9.62b)
FCF Margin = 58.25% (FCF TTM 416.1m / Revenue TTM 714.3m)
Net Margin = 33.17% (Net Income TTM 236.9m / Revenue TTM 714.3m)
Gross Margin = 67.53% ((Revenue TTM 714.3m - Cost of Revenue TTM 231.9m) / Revenue TTM)
Gross Margin QoQ = 74.54% (prev 74.77%)
Tobins Q-Ratio = 1.75 (Enterprise Value 9.62b / Total Assets 5.51b)
Interest Expense / Debt = -0.98% (Interest Expense -21.7m / Debt 2.23b)
Taxrate = 0.29% (192.0k / 67.2m)
NOPAT = 318.4m (EBIT 319.3m * (1 - 0.29%))
Current Ratio = 0.38 (Total Current Assets 218.0m / Total Current Liabilities 570.5m)
Debt / Equity = 0.81 (Debt 2.23b / totalStockholderEquity, last quarter 2.74b)
Debt / EBITDA = -0.07 (Net Debt -33.5m / EBITDA 511.0m)
Debt / FCF = -0.08 (Net Debt -33.5m / FCF TTM 416.1m)
Total Stockholder Equity = 2.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.30% (Net Income 236.9m / Total Assets 5.51b)
RoE = 8.85% (Net Income TTM 236.9m / Total Stockholder Equity 2.68b)
RoCE = 6.94% (EBIT 319.3m / Capital Employed (Equity 2.68b + L.T.Debt 1.93b))
RoIC = 6.39% (NOPAT 318.4m / Invested Capital 4.98b)
WACC = 7.46% (E(7.43b)/V(9.66b) * Re(9.99%) + D(2.23b)/V(9.66b) * Rd(-0.98%) * (1-Tc(0.00)))
Discount Rate = 9.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.05%
[DCF Debug] Terminal Value 62.20% ; FCFE base≈273.1m ; Y1≈179.3m ; Y5≈82.0m
Fair Price DCF = 9.11 (DCF Value 1.21b / Shares Outstanding 132.4m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -21.33 | EPS CAGR: -8.20% | SUE: 0.67 | # QB: 0
Revenue Correlation: 99.42 | Revenue CAGR: 8.60% | SUE: -0.50 | # QB: 0
Additional Sources for FR Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle