First Industrial Realty Trust (NYSE:FR – Get Free Report) issued an update on its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 3.150-3.190 for the period, compared to the consensus earnings per share estimate of 3.170.
First Industrial Realty Trust Trading Down 1.3%
NYSE FR traded down $0.70 during trading hours on Friday, reaching $54.59. The company’s stock had a trading volume of 865,863 shares, compared to its average volume of 1,078,767. The firm has a fifty day simple moving average of $60.93 and a 200-day simple moving average of $62.34. The stock has a market cap of $7.24 billion, a P/E ratio of 19.96 and a beta of 1.03. First Industrial Realty Trust has a 52 week low of $54.23 and a 52 week high of $69.88. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.44.
First Industrial Realty Trust (NYSE:FR – Get Free Report) last posted its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.38). First Industrial Realty Trust had a return on equity of 12.65% and a net margin of 46.12%. The business had revenue of $197.12 million for the quarter, compared to the consensus estimate of $196.41 million. During the same period in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that First Industrial Realty Trust will post 3.17 earnings per share for the current fiscal year.
First Industrial Realty Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, October 19th. Investors of record on Wednesday, September 30th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 72.99%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Truist Financial lifted their target price on First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Cantor Fitzgerald reissued a “neutral” rating and issued a $71.00 price target on shares of First Industrial Realty Trust in a research note on Monday, July 27th. Raymond James Financial reissued an “outperform” rating and issued a $71.00 price target (down from $86.00) on shares of First Industrial Realty Trust in a research note on Friday. Scotiabank raised their price objective on First Industrial Realty Trust from $63.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 12th. Finally, Barclays lifted their price objective on First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.
Get Our Latest Stock Analysis on FR
Trending Headlines about First Industrial Realty Trust
Here are the key news stories impacting First Industrial Realty Trust this week:
- Positive Sentiment: Guidance increased: First Industrial raised its 2026 FFO guidance by $0.01 at the midpoint and lifted projected cash same-store NOI growth by 75 basis points at the midpoint to 6.5%. The updated full-year EPS outlook is $3.15–$3.19, broadly in line with the $3.17 consensus estimate. First Industrial Realty Trust Raises Earnings Guidance
- Positive Sentiment: Leasing momentum remained strong: Cash rental rates on new and renewal leases increased 52% in the third quarter, while cash same-store NOI grew 5.6%. The company also leased the remaining 32,000 square feet at its First Park Miami Building 12 property. First Industrial Realty Trust Reports Third Quarter 2026 Results
- Positive Sentiment: Portfolio expansion: First Industrial acquired a fully leased, 764,000-square-foot logistics building in Central Pennsylvania for $120 million, adding an occupied asset to its industrial real estate portfolio.
- Neutral Sentiment: Third-quarter revenue rose 8.6% year over year to $197.1 million, slightly exceeding estimates, and FFO improved to $0.81 per share from $0.76 a year earlier. However, the results call highlighted investor concerns about the pace and visibility of the development and investment pipeline. First Industrial Q3 2026 Earnings Call Transcript
- Negative Sentiment: Quarterly FFO missed expectations: FFO was $0.81 per share versus the $0.82 consensus estimate. Reported EPS of $0.44 was also well below the $0.82 estimate, increasing pressure on the stock, which is trading near its 52-week low. First Industrial Realty Trust Q3 FFO Misses Estimates
- Negative Sentiment: Raymond James lowered its rating to Outperform, a less bullish stance that may have added to the cautious reaction. Raymond James Rating Update
First Industrial Realty Trust Company Profile
First Industrial Realty Trust, Inc (NYSE: FR) is a real estate investment trust focused on the ownership, management, acquisition, development and redevelopment of industrial properties in the United States. Its portfolio primarily serves businesses that require space for distribution, warehousing, manufacturing, light industrial operations and other logistics-related activities.
The company leases its properties to a diverse group of tenants, including retailers, manufacturers, logistics providers and third-party distribution companies.
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