First Industrial Realty Stock Analysis

FR Stock  USD 63.48  0.98  1.57%   
Below is the normalized historical share price chart for First Industrial Realty extending back to June 24, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of First Industrial stands at 63.48, as last reported on the 27th of February, with the highest price reaching 63.75 and the lowest price hitting 62.40 during the day.
IPO Date
23rd of June 1994
200 Day MA
53.5373
50 Day MA
58.8218
Beta
1.142
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes
First Industrial Realty holds a debt-to-equity ratio of 0.805. At this time, First Industrial's Net Debt To EBITDA is relatively stable compared to the past year. As of 02/27/2026, Debt To Equity is likely to grow to 1.32, while Net Debt is likely to drop slightly above 1.5 B. First Industrial's financial risk is the risk to First Industrial stockholders that is caused by an increase in debt.

Asset vs Debt

Equity vs Debt

First Industrial's liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. First Industrial's cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Company is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps First Stock's retail investors understand whether an upcoming fall or rise in the market will negatively affect First Industrial's stakeholders.
For many companies, including First Industrial, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for First Industrial Realty, the most critical issue when managing liquidity is ensuring that current assets are properly aligned with current liabilities. If they are not, First Industrial's management will need to obtain alternative financing to ensure there are always enough cash equivalents on the balance sheet to meet obligations.
Price Book
2.5783
Enterprise Value Ebitda
16.5333
Price Sales
11.919
Shares Float
131.7 M
Dividend Share
1.78
Given that First Industrial's debt-to-equity ratio measures a Company's obligations relative to the value of its net assets, it is usually used by traders to estimate the extent to which First Industrial is acquiring new debt as a mechanism of leveraging its assets. A high debt-to-equity ratio is generally associated with increased risk, implying that it has been aggressive in financing its growth with debt. Another way to look at debt-to-equity ratios is to compare the overall debt load of First Industrial to its assets or equity, showing how much of the company assets belong to shareholders vs. creditors. If shareholders own more assets, First Industrial is said to be less leveraged. If creditors hold a majority of First Industrial's assets, the Company is said to be highly leveraged.
At this time, First Industrial's Capital Stock is relatively stable compared to the past year. As of 02/27/2026, Stock Based Compensation is likely to grow to about 25.5 M, while Total Stockholder Equity is likely to drop slightly above 1.4 B. . At this time, First Industrial's Price To Sales Ratio is relatively stable compared to the past year. As of 02/27/2026, Price Earnings Ratio is likely to grow to 32.19, while Price To Operating Cash Flows Ratio is likely to drop 12.23.
First Industrial Realty is fairly valued with Real Value of 61.48 and Target Price of 64.87. The main objective of First Industrial stock analysis is to determine its intrinsic value, which is an estimate of what First Industrial Realty is worth, separate from its market price. There are two main types of First Industrial's stock analysis: fundamental analysis and technical analysis.
The First Industrial stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. First Industrial is usually not traded on Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day ( substitute day ), Independence Day. First Stock trading window is adjusted to America/New York timezone.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Industrial Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

First Stock Analysis Notes

About 100.0% of the company shares are owned by institutional investors. The book value of First Industrial was currently reported as 20.17. The company last dividend was issued on the 31st of March 2026. is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020. First Industrial operates under REITIndustrial classification in the United States and is traded on New York Stock Exchange. It employs 162 people. To learn more about First Industrial Realty call Peter Baccile at 312 344 4300 or check out https://www.firstindustrial.com.

First Industrial Quarterly Total Revenue

188.41 Million

First Industrial Realty Investment Alerts

Over 100.0% of the company shares are owned by institutional investors
On 20th of January 2026 First Industrial paid $ 0.445 per share dividend to its current shareholders
Latest headline from kalkinemedia.com: First Industrial Realty Trust in Russell 1000 Spotlight

First Largest EPS Surprises

Earnings surprises can significantly impact First Industrial's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2014-07-23
2014-06-300.030.040.0133 
2014-04-23
2014-03-310.030.02-0.0133 
2008-10-29
2008-09-300.10.09-0.0110 
View All Earnings Estimates

First Industrial Environmental, Social, and Governance (ESG) Scores

First Industrial's ESG score is a quantitative measure that evaluates First Industrial's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of First Industrial's operations that may have significant financial implications and affect First Industrial's stock price as well as guide investors towards more socially responsible investments.

First Industrial Thematic Classifications

In addition to having First Industrial stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
SRI Sustainable Growth Idea
SRI Sustainable Growth
Large and mid-sized companies that operate under the guidelines of socially responsible investing - SRI

First Stock Institutional Investors

Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Deutsche Bank Ag2025-06-30
2.1 M
Thrivent Financial For Lutherans2025-06-30
2.1 M
Dimensional Fund Advisors, Inc.2025-06-30
1.9 M
Aqr Capital Management Llc2025-06-30
1.9 M
Ameriprise Financial Inc2025-06-30
1.7 M
Rush Island Management, Lp2025-06-30
1.7 M
Pggm Investments2025-06-30
1.6 M
Northern Trust Corp2025-06-30
1.5 M
Jpmorgan Chase & Co2025-06-30
1.5 M
Vanguard Group Inc2025-06-30
19.6 M
Blackrock Inc2025-06-30
16.7 M
Note, although First Industrial's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

First Market Capitalization

The company currently falls under 'Mid-Cap' category with a market capitalization of 8.67 B.

First Profitablity

The company has Net Profit Margin (PM) of 0.34 %, which suggests that even a small decline in it sales will erase profits and may result in a net loss, or a negative profit margin. This is way below average. Likewise, it shows Net Operating Margin (NOM) of 0.42 %, which signifies that for every $100 of sales, it has a net operating income of $0.42.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.04  0.03 
Return On Capital Employed 0.06  0.07 
Return On Assets 0.04  0.03 
Return On Equity 0.09  0.06 

Management Efficiency

First Industrial Realty has Return on Asset (ROA) of 0.0352 % which means that for every $100 of assets, it generated a profit of $0.0352. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.0959 %, which means that it produced $0.0959 on every 100 dollars invested by current stockholders. First Industrial's management efficiency ratios could be used to measure how well First Industrial manages its routine affairs as well as how well it operates its assets and liabilities. As of 02/27/2026, Return On Capital Employed is likely to grow to 0.07, while Return On Tangible Assets are likely to drop 0.03. At this time, First Industrial's Non Currrent Assets Other are relatively stable compared to the past year. As of 02/27/2026, Total Current Assets is likely to grow to about 290.8 M, while Other Assets are likely to drop 0.00.
Last ReportedProjected for Next Year
Book Value Per Share 20.83  22.55 
Tangible Book Value Per Share 20.59  22.09 
Enterprise Value Over EBITDA 17.72  14.53 
Price Book Value Ratio 2.84  2.98 
Enterprise Value Multiple 17.72  14.53 
Price Fair Value 2.84  2.98 
Enterprise Value9.1 B9.5 B
The strategic initiatives led by First Industrial's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Dividend Yield
0.0285
Operating Margin
0.4212
Profit Margin
0.3401
Forward Dividend Yield
0.0315
Beta
1.142

Technical Drivers

As of the 27th of February, First Industrial shows the Coefficient Of Variation of 483.35, downside deviation of 0.9914, and Mean Deviation of 0.8866. First Industrial Realty technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm First Industrial Realty variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if First Industrial Realty is priced favorably, providing market reflects its regular price of 63.48 per share. Given that First Industrial has jensen alpha of 0.1905, we urge you to verify First Industrial Realty's prevailing market performance to make sure the company can sustain itself at a future point.

First Industrial Realty Price Movement Analysis

The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Mid-point over period is an average of First Industrial Realty highest and lowest values attained during the given period.

First Industrial Realty Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific First Industrial insiders, such as employees or executives, is commonly permitted as long as it does not rely on First Industrial's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases First Industrial insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

First Industrial Outstanding Bonds

First Industrial issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. First Industrial Realty uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most First bonds can be classified according to their maturity, which is the date when First Industrial Realty has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

First Industrial Predictive Daily Indicators

First Industrial intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of First Industrial stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

First Industrial Corporate Filings

26th of February 2026
Other Reports
ViewVerify
F4
20th of February 2026
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
10K
11th of February 2026
Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance
ViewVerify
8K
4th of February 2026
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
8K
23rd of January 2026
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
5th of January 2026
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
19th of December 2025
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
13A
10th of November 2025
The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934
ViewVerify

First Industrial Forecast Models

First Industrial's time-series forecasting models are one of many First Industrial's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary First Industrial's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

First Industrial Realty Debt to Cash Allocation

Many companies such as First Industrial, eventually find out that there is only so much market out there to be conquered, and adding the next product or service is only half as profitable per unit as their current endeavors. Eventually, the company will reach a point where cash flows are strong, and extra cash is available but not fully utilized. In this case, the company may start buying back its stock from the public or issue more dividends.
First Industrial Realty reports 2.57 B of total liabilities with total debt to equity ratio (D/E) of 0.81, which is normal for its line of buisiness. First Industrial Realty has a current ratio of 1.82, which is generally considered normal. Note however, debt could still be an excellent tool for First to invest in growth at high rates of return.

First Industrial Total Assets Over Time

First Industrial Assets Financed by Debt

The debt-to-assets ratio shows the degree to which First Industrial uses debt to finance its assets. It includes both long-term and short-term borrowings maturing within one year. It also includes both tangible and intangible assets, such as goodwill.

First Industrial Debt Ratio

    
  37.0   
It seems slightly above 63% of First Industrial's assets are financed through equity. Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the First Industrial's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of First Industrial, which in turn will lower the firm's financial flexibility.

First Industrial Corporate Bonds Issued

First Short Long Term Debt Total

Short Long Term Debt Total

1.57 Billion

At this time, First Industrial's Short and Long Term Debt Total is relatively stable compared to the past year.

About First Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how First Industrial prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling First shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as First Industrial. By using and applying First Stock analysis, traders can create a robust methodology for identifying First entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.38  0.40 
Operating Profit Margin 0.42  0.53 
Net Profit Margin 0.34  0.21 
Gross Profit Margin 0.23  0.43 

Current First Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. First analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. First analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceConsensus# of Analysts
64.87Buy18Odds
First Industrial Realty current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most First analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand First stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of First Industrial Realty, talking to its executives and customers, or listening to First conference calls.
First Analyst Advice Details

First Stock Analysis Indicators

First Industrial Realty stock analysis indicators help investors evaluate how First Industrial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading First Industrial shares will generate the highest return on investment. By understating and applying First Industrial stock analysis, traders can identify First Industrial position entry and exit signals to maximize returns.
Begin Period Cash Flow51.7 M
Total Stockholder Equity2.7 B
Capital Lease Obligations19.4 M
Property Plant And Equipment Net19.6 M
Cash And Short Term Investments78 M
Cash78 M
50 Day M A58.8218
Net Interest Income-89.9 M
Total Current Liabilities241.9 M
Forward Price Earnings36.7647
Stock Based Compensation20.3 M
Long Term Debt2.4 B
Common Stock Shares Outstanding132.5 M
Total Cashflows From Investing Activities-524.2 M
Tax Provision15.3 M
Quarterly Earnings Growth Y O Y0.152
Accounts Payable178.9 M
Net Debt2.5 B
Other Operating Expenses419.4 M
Non Current Assets Total5.4 B
Liabilities And Stockholders Equity5.7 B
Non Currrent Assets Other5.4 B

Additional Tools for First Stock Analysis

When running First Industrial's price analysis, check to measure First Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Industrial is operating at the current time. Most of First Industrial's value examination focuses on studying past and present price action to predict the probability of First Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Industrial's price. Additionally, you may evaluate how the addition of First Industrial to your portfolios can decrease your overall portfolio volatility.