First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 70.5 million square feet of industrial space as of June 30, 2025.
Strategic Expansion | First Industrial Realty Trust initiates construction on three new projects outside Southern California, diversifying its portfolio and mitigating regional market risks. |
Market Dynamics | Explore how supply challenges in key markets, particularly Southern California's Inland Empire, present both risks and opportunities for First Industrial's growth strategy. |
Financial Outlook | Analysts project strong earnings growth of approximately 9% from 2024 to 2026, outpacing many peers in the industrial REIT sector. Average price target: $57. |
Risk vs. Reward | Delve into First Industrial's speculative development strategy, balancing potential high returns against increased vulnerability in a slower demand environment. |
Metrics to compare | FR | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipFRPeersSector | |
---|---|---|---|---|
P/E Ratio | 23.7x | −30.7x | 9.0x | |
PEG Ratio | −6.02 | −0.91 | 0.01 | |
Price/Book | 2.5x | 1.2x | 0.9x | |
Price / LTM Sales | 9.5x | 3.3x | 3.9x | |
Upside (Analyst Target) | 15.3% | 21.0% | 12.7% | |
Fair Value Upside | Unlock | 6.2% | 0.4% | Unlock |