First Industrial Realty Trust, Inc. FR
Composite 50/100; the shares have moved about 20% annualised. Names that move more contribute more risk for the same amount invested, and our composite reflects how strong the evidence for this one is right now.
Valuation ranks 37/100 — a moderate mark against it.
Income ranks 75/100 — a strong point in its favour. Quality ranks 59/100 — a slight point in its favour. Momentum ranks 52/100 — a slight point in its favour.
Valuation ranks 37/100 — a moderate mark against it. Balance-sheet strength ranks 42/100 — a slight mark against it. Growth ranks 49/100 — a slight mark against it.
What the company does First Industrial Realty Trust (FR) is a U.S.-focused REIT specializing in logistics and industrial properties, owning or developing 72.1 million square feet across 15 key MSAs as of June 30 2026.
Key financials FR posts strong operational metrics: gross margin 73.7%, operating margin 45.1%, net margin 47.9%, revenue growth 8.4%, and EPS growth 39.3%. Profitability ratios include ROE 12.8%, ROA 3.4%, and ROCE 7.0%, with debt/equity at 0.90 and interest coverage of 3.94.
Stock health Momentum is positive with 3m 8.35%, 6m 17.97%, and 12m 36.20% gains, though down 5.58% from its 52-week high. Sidera’s overall score is 54.9, with high income (78.5) and momentum (67.2) but average valuation (37.4).
Price vs fair value FR trades at a PREMIUM of 59.20% to our fair-value estimate of 26.92 and at a discount of 8.08% to the 12-month target of 71.31. - Forward P/E of 36.76 vs trailing P/E of 24.36 signals high growth expectations (Valuation 37.4) - EV/EBITDA of 17.34 is elevated relative to peers (Valuation 37.4) - Strong momentum scores (67.2) and dividend yield (2.9%) support premium pricing (Sidera)
Looking forward Analysts expect continued growth, with a 12-month target of 71.31 implying 8.08% upside from the current price. Execution on 72.1 million square feet of logistics space and margin stability will be key to justifying valuation.
This is not investment advice. Sideravia provides automated, data-driven analysis for information and education only. Nothing on this page is a personal recommendation or an invitation to buy or sell any security, and it does not consider your objectives or financial situation. Assessments are generated by rules applied uniformly to every covered stock — how our scores work.
Data as of 2026-09-05, compiled from third-party sources; errors and delays are possible and figures are not warranted. Investing puts your capital at risk; past performance does not predict future results. We publish our full track record, including the calls that lost, and our conflicts of interest.