Stock AnalizFirst Industrial Realty Trust Inc. FR
Real Estate Investment Trusts · IPO 1994 · data as of November 13, 2026
First Industrial Realty Trust Inc. (FR) is a real estate company listed in the US with a market value of about $7.3B. In the twelve months to September 30, 2026 it had revenue of $775M and net income of $357M, a net margin of 46.1%.
Its overall Stock Analiz score is 2.8 out of 5 (average). The strongest part is value (4/5); the weakest is future growth (1/5).
Key numbers: a P/E of 20.5, a price to free cash flow of 16.6, 5-year revenue growth of 10% a year, a 5-year average ROIC of 5%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 13% above the current price.
Score: 2.8 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- 3-year revenue growth above 10% a year
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
- Positive free cash flow
Checks not passed
- PEG below 1.5
- Revenue growth above 10% last year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
- ROE above 15%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $775M | $727M | $670M | $614M | $540M | $476M | $448M | $426M | $404M | $396M | $378M |
| Net income | $357M | $247M | $288M | $275M | $359M | $271M | $196M | $239M | $163M | $201M | $121M |
| Free cash flow | $441M | $115M | $279M | $174M | $106M | -$86M | $20M | $93M | $53M | $17M | $66M |
| EPS (diluted) | $2.69 | $1.87 | $2.17 | $2.07 | $2.72 | $2.09 | $1.53 | $1.88 | $1.31 | $1.69 | $1.05 |
| Net margin | 46.1% | 34.0% | 42.9% | 44.8% | 66.5% | 56.9% | 43.7% | 56.0% | 40.4% | 50.8% | 32.1% |
| ROIC | — | 5.5% | 5.5% | 4.9% | 4.3% | 4.6% | 4.7% | 4.8% | 3.8% | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 16 analysts is $64.38, 17% above the current price; targets range from $58.00 to $71.00; the consensus rating is “Buy”; expected EPS is $2.52 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is First Industrial Realty Trust’s P/E ratio?
About 20.5, based on the last twelve months of diluted earnings per share (forward P/E about 31.7).
Is First Industrial Realty Trust stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 13% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does First Industrial Realty Trust pay a dividend?
Yes. The dividend yield is about 3.62%, and it has paid dividends for 10 years in our data.
Is First Industrial Realty Trust a good stock to buy?
We do not give buy or sell advice. First Industrial Realty Trust scores 2.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.