FR
First Industrial Realty Trust, Inc.
$54.44
-0.85
(-1.54%)
Mkt Cap
7.22B
Volume
2,968,690
52W Range
54.2-69.88
Sector
Real Estate
Beta
1.04
EPS (TTM)
2.70 USD
P/E Ratio
20.16
Revenue (TTM)
775.29M USD
Rev Growth (5Y)
+10.2%
EPS Growth (5Y)
+4.1%
AlphaVal · Fair Value
What we estimate one share is worth
$84.36
Undervalued
moderate signal
35.5% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
B-
Real Estate Investment Trust
65.7 / 100 composite
A real-estate investment trust — graded A–F vs. similar companies.
Company Description
First Industrial Realty Trust, Inc. 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. In total, we own and have under development approximately 71.6 million square feet of industrial space concentrated in 15 target MSAs as of December 31, 2025. First Industrial Realty Trust, Inc. was incorporated in 1993 in Maryland, USA,
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 727.08M | 669.64M | 614.03M | 539.93M | 476.29M | 447.79M | 425.50M | 403.68M | 396.40M | 378.02M | 365.81M | 346.86M |
| Net Income | 247.44M | 287.34M | 274.82M | 359.13M | 271.00M | 201.58M | 238.78M | 163.24M | 201.46M | 121.23M | 73.80M | 49.11M |
| EPS | 1.87 | 2.17 | 2.08 | 2.72 | 2.09 | 1.53 | 1.89 | 1.31 | 1.70 | 1.05 | 0.67 | 0.42 |
| Free Cash Flow | 114.89M | 134.85M | (59.62M) | (111.47M) | 33.85M | 79.96M | (8.59M) | (144.73M) | 45.42M | (6.66M) | (155.93M) | (79.40M) |
| FCF / Share | 0.87 | 1.02 | -0.45 | -0.84 | 0.26 | 0.63 | -0.07 | -1.17 | 0.38 | -0.06 | -1.41 | -0.72 |
| Operating CF | 461.34M | 350.42M | 302.31M | 410.90M | 267.03M | 241.08M | 245.62M | 210.50M | 191.43M | 173.34M | 162.15M | 137.18M |
| Total Assets | 5.69B | 5.26B | 5.18B | 4.95B | 4.18B | 3.79B | 3.52B | 3.14B | 2.94B | 2.79B | 2.71B | 2.58B |
| Total Debt | 2.57B | 2.23B | 2.25B | 2.09B | 1.64B | 1.63B | 1.51B | 1.30B | 1.30B | 1.35B | 1.43B | 1.35B |
| Cash & Equiv | 78.03M | 44.51M | 43.84M | 133.24M | 58.59M | 162.09M | 21.12M | 43.10M | 21.15M | 9.86M | 3.99M | 9.50M |
| Book Value | 2.67B | 2.67B | 2.56B | 2.46B | 2.19B | 1.90B | 1.76B | 1.65B | 1.43B | 1.24B | 1.07B | 1.05B |
| Return on Equity | 0.09 | 0.11 | 0.11 | 0.15 | 0.12 | 0.11 | 0.14 | 0.10 | 0.14 | 0.10 | 0.07 | 0.05 |
| Metric | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 197.12M | 194.94M | 194.83M | 188.41M | 181.43M | 179.82M | 177.25M | 175.31M | 168.16M | 165.17M | 163.54M | 158.66M |
| Net Income | 58.55M | 77.10M | 143.10M | 78.85M | 65.27M | 55.15M | 48.07M | 68.42M | 99.36M | 51.32M | 68.45M | 89.20M |
| EPS | 0.44 | 0.58 | 1.08 | 0.60 | 0.49 | 0.42 | 0.36 | 0.52 | 0.75 | 0.39 | 0.52 | 0.67 |
| Free Cash Flow | 61.49M | 52.96M | 88.91M | 122.11M | 145.86M | 126.08M | 88.57M | 76.78M | 105.47M | 64.62M | 62.50M | (103.64M) |
| FCF / Share | 0.46 | 0.40 | 0.67 | 0.92 | 1.10 | 0.95 | 0.67 | 0.58 | 0.80 | 0.49 | 0.47 | -0.78 |
| Operating CF | 116.04M | 113.97M | 88.91M | 122.11M | 145.86M | 126.08M | 88.57M | 76.78M | 105.47M | 107.73M | 62.50M | 64.37M |
| Total Assets | 5.87B | 5.78B | 5.77B | 5.69B | 5.51B | 5.45B | 5.45B | 5.26B | 5.20B | 5.21B | 5.20B | 5.18B |
| Total Debt | 2.66B | 2.57B | 2.58B | 2.57B | 3.01B | 2.41B | 2.40B | 2.23B | 2.19B | 2.24B | 2.25B | 2.25B |
| Cash & Equiv | 42.43M | 37.15M | 37.15M | 78.03M | 33.51M | 34.95M | 35.74M | 44.51M | 47.12M | 38.55M | 48.88M | 43.84M |
| Book Value | 2.78B | 2.78B | 2.76B | 2.67B | 2.65B | 2.65B | 2.65B | 2.67B | 2.63B | 2.60B | 2.60B | 2.56B |
| Return on Equity | 0.02 | 0.03 | 0.05 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.04 | 0.02 | 0.03 | 0.03 |
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