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First Industrial Realty Trust Inc (FR) stock

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NYSE: FR NYSE Industrial REITs Next results ~February 3, 2027

B Fundamentals grade

First Industrial Realty Trust Inc is a US-listed company in the industrial REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$64

Valuation models combined (2)

Base case. Range ~$35–$78. Weighted average of 2 models (funds-from-operations model, dividend discount (growing dividend)), the funds-from-operations model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

First Industrial Realty Trust Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds248 adding, 182 cuttingOf 60 active managers that changed their stake, 30 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter First Industrial Realty Trust files

10-Q filed October 22: First Industrial Realty Trust

Model value +1.2%

Revenue for the twelve months to September 2026 was $775m, up 8.5% on a year earlier, about the same pace as a quarter earlier. Our model value rises from $60.78 to $61.50 a share, against a share price of $55.29.

Source: 10-Q filed October 22, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where First Industrial Realty Trust stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $760m, up 8.4% on a year earlier, about the same pace as a quarter earlier. Our valuation models combined value is $60.86 a share, against a share price of $58.95.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 3, 2027 (estimated)

First Industrial Realty Trust Inc's trailing-twelve-month revenue grew 8.5% year on year, with a free-cash-flow margin of 31.1%. Where it stands out: net margin of 46.1% ranks 2 of 10 industrial reits companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 2.2% while net income grew 50.9%: a 49pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 31.1% of revenue turned into free cash flow.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Weak cash conversion. Free cash flow was 67% of net income over the last 12 months.
  • Short interest rising. Shares sold short rose 22% in a month to 5.6% of tradable shares.
  • Earnings expected to fall. The consensus expects earnings per share to fall 28% next year.

Latest results: FY2026 Q3

Filed October 22, 2026
Earnings per share
$0.44 against an average estimate of $0.43: beat by 1.8%
Revenue
$197m, up 8.6% on a year earlier
Share reaction
-6.6% in the first session after the results on October 21, 2026, against -0.7% for the S&P 500
Guidance given
net Income Available to Common Stockholders and Unitholders $2.51 to $2.55 (2026); NAREIT Funds From Operations $3.11 to $3.15 (2026)
Next report
October 21, 2026; average EPS estimate $0.44

First Industrial Realty Trust's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.7%
  • 1 week-0.7%
  • 1 month-7.8%
  • This year-1.9%
  • 1 year+2.4%
  • 5 years+5.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$775M
Net margin
46.1%
EPS (TTM, diluted)
$2.70

Growth

Revenue growth
+8.5%
Change in growth rate
+0.1 pts
Share count change
+0.1%

Earnings

Last results
October 21, 2026
Next results (est.)
February 3, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Our research
  3. Results
  4. Guidance
  5. Leadership
  6. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

First Industrial Realty Trust Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value First Industrial Realty Trust Inc as an equity reit, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.73 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. ~$78 ~$66–$96 Primary model, counts double
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. ~$1.5 ~$35–$73 Left out: out of range vs price (0.03x)
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$35 ~$30–$42 Included
Combined value Weighted average of the models that apply: the primary model (funds-from-operations model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$64 ~$35–$78 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare First Industrial Realty Trust Inc with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

78 /100

Strong moat

How hard First Industrial Realty Trust's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 8 / 20

    Net income has been a median 5.8% of total assets over 10 years.

  • Durability 20 / 20

    Net margin has been a median 46.8%; its worst year was 33.2%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 9 of 9 years, at a median 26.1% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 2.6% over five years; stock-based pay has been a median 2.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.50 +34% $790m +9%
Next $1.80 −28% $838m +6%

Next year's EPS estimate has moved −4.3% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +41.9% on 90 days ago. In the last 30 days, 1 analyst raised First Industrial Realty Trust Inc's forecast and 0 cut it.

Consensus EPS forecast First Industrial Realty Trust Inc, last 90 days
$1.60 $1.80 $2.00 $2.20 $2.40 $2.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.76 Current fiscal year, 60 days ago: $2.51 Current fiscal year, 30 days ago: $2.14 Current fiscal year, 7 days ago: $2.14 Current fiscal year, Now: $2.50 $2.50 Next fiscal year, 90 days ago: $1.88 Next fiscal year, 60 days ago: $1.86 Next fiscal year, 30 days ago: $1.89 Next fiscal year, 7 days ago: $1.91 Next fiscal year, Now: $1.80 $1.80

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.76$1.88
60 days ago $2.51$1.86
30 days ago $2.14$1.89
7 days ago $2.14$1.91
Now $2.50$1.80

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.43 $0.44 +1.8%
Jun 2026 $0.43 $0.58 +36.2%
Mar 2026 $0.33 $1.08 +223.7%
Dec 2025 $0.42 $0.59 +39.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 21, 2026
  • Net Income Available to Common Stockholders and Unitholders 2026 $2.51 to $2.55 Raised vs 2.48 to 2.56
    “Net Income Available to Common Stockholders and Unitholders $ 2.51 $ 2.55” source
  • NAREIT Funds From Operations 2026 $3.11 to $3.15 Non-GAAP Raised
    “NAREIT Funds From Operations $ 3.11 $ 3.15” source
  • FFO Before Advisory Costs Related to a Contested Proxy Campaign 2026 $3.15 to $3.19 Non-GAAP Raised
    “FFO Before Advisory Costs Related to a Contested Proxy Campaign $ 3.15 $ 3.19” source
  • Full-year quarter-end average in service occupancy full-year 94.5% to 95% Raised
    “This implies a full-year quarter-end average in service occupancy of 94.5% to 95.0%, an increase of 25 basis points at the midpoint.” source
  • SS NOI growth for the full year (cash basis before termination fees) full year 2026 6.25% growth to 6.75% growth Raised
    “This implies SS NOI growth for the full year 2026 of 6.25% to 6.75%, an increase of 75 basis points at the midpoint.” source
  • Capitalized interest per share 2026 about $0.08 Maintained vs about 0.08
    “In total, the Company expects to capitalize $0.08 per share of interest in 2026.” source
Show 3 more items
  • General and administrative expense 2026 $42m to $43m Non-GAAP Maintained vs 42m to 43m
    “General and administrative expense of $42.0 million to $43.0 million.” source
  • In service occupancy at year-end fourth quarter 94.5% to 96.5%
    “In service occupancy at year-end fourth quarter of 94.5% to 96.5%.” source
  • Fourth quarter SS NOI growth on a cash basis before termination fees Fourth quarter 4% growth to 6% growth
    “Fourth quarter SS NOI growth on a cash basis before termination fees of 4.0% to 6.0%.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

17 analysts, Oct 2026
Buy1059%
Hold741%
Sell00%

Monthly trend

  1. Oct 202646717
  2. Sep 202637717
  3. Aug 202637717
  4. Jul 202637717

Counts of recommendations published by analysts covering First Industrial Realty Trust Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.6%
of tradable shares
Days to cover
4.26
at average volume
Short interest, 1 month
+22%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.4%
of shares
Employees
151
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +2.4%

$53.51 on October 31, 2025 to $54.80

ThenNowEffect
Revenue (last 12 months) $700m $760m +8.4%
Net margin 38.7% 48.0% +23.9%
P/E multiple 26.1x 19.9x −23.7%
Share count 132m 133m −0.1%

Biggest factor: p/e multiple.

Last 3 years +36.2%

$40.24 on November 3, 2023 to $54.80

ThenNowEffect
Revenue (last 12 months) $586m $760m +29.6%
Net margin 54.0% 48.0% −11.2%
P/E multiple 16.8x 19.9x +18.6%
Share count 132m 133m −0.3%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FR+60%−25%+12%−2%+18%−2%
Industry peers (median)+56%−32%+22%−13%+9%+13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FR83%33%50%50%67%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FR−8%−33%−25%−17%−25%−20%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 41% from February 14, 2020 to March 23, 2020. Getting back needed a 70% gain, reached on March 15, 2021, 357 days after the low.

Price behaviour

52-week range
$53.23 – $68.30
From 52-week high
−19.8%
vs 50-day average
−8.0%
vs 200-day average
−9.4%
Volatility (1 year)
20%
Beta vs S&P 500
0.45

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±3.3%
After a week
8 up, 4 down
typical move ±4.4%
After a month
6 up, 5 down
typical move ±5.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 21, 2026 −6.6% −0.7% −8.2% —
July 22, 2026 −3.1% −1.3% −4.6% −8.5%
April 22, 2026 −0.6% +0.6% −2.9% −1.2%
February 4, 2026 +2.5% −1.7% +1.9% +2.7%
October 15, 2025 +4.8% −0.2% +7.2% +8.0%
July 16, 2025 +0.7% +0.9% +4.1% −1.1%
April 16, 2025 +2.0% −2.1% +2.2% +9.7%
February 6, 2025 +2.0% −0.6% +3.8% +3.8%
October 16, 2024 −0.9% +0.4% +0.1% −4.9%
July 17, 2024 +4.1% −2.2% +4.1% +7.0%
April 17, 2024 −8.7% −0.8% −8.8% −4.4%
February 7, 2024 +4.1% +0.9% +4.6% +3.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

First Industrial Realty Trust Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) First Industrial Realty Trust Inc
$600M $650M $700M $750M $800M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $614M Revenue (TTM), FY24 Q1: $626.9M Revenue (TTM), FY24 Q2: $638.8M Revenue (TTM), FY24 Q3: $651.3M Revenue (TTM), FY24 Q4: $669.6M Revenue (TTM), FY25 Q1: $684.4M Revenue (TTM), FY25 Q2: $700.5M Revenue (TTM), FY25 Q3: $714.3M Revenue (TTM), FY25 Q4: $727.1M Revenue (TTM), FY26 Q1: $744.8M Revenue (TTM), FY26 Q2: $759.6M Revenue (TTM), FY26 Q3: $775.3M $775.3M

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $614M
FY24 Q1 $626.9M
FY24 Q2 $638.8M
FY24 Q3 $651.3M
FY24 Q4 $669.6M
FY25 Q1 $684.4M
FY25 Q2 $700.5M
FY25 Q3 $714.3M
FY25 Q4 $727.1M
FY26 Q1 $744.8M
FY26 Q2 $759.6M
FY26 Q3 $775.3M
Revenue growth, TTM YoY First Industrial Realty Trust Inc
8% 10% 12% 14% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 13.7% Revenue growth, TTM YoY, FY24 Q1: 11.2% Revenue growth, TTM YoY, FY24 Q2: 9.0% Revenue growth, TTM YoY, FY24 Q3: 8.3% Revenue growth, TTM YoY, FY24 Q4: 9.1% Revenue growth, TTM YoY, FY25 Q1: 9.2% Revenue growth, TTM YoY, FY25 Q2: 9.7% Revenue growth, TTM YoY, FY25 Q3: 9.7% Revenue growth, TTM YoY, FY25 Q4: 8.6% Revenue growth, TTM YoY, FY26 Q1: 8.8% Revenue growth, TTM YoY, FY26 Q2: 8.4% Revenue growth, TTM YoY, FY26 Q3: 8.5% 8.5%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 13.7%
FY24 Q1 11.2%
FY24 Q2 9.0%
FY24 Q3 8.3%
FY24 Q4 9.1%
FY25 Q1 9.2%
FY25 Q2 9.7%
FY25 Q3 9.7%
FY25 Q4 8.6%
FY26 Q1 8.8%
FY26 Q2 8.4%
FY26 Q3 8.5%
FCF margin (TTM) First Industrial Realty Trust Inc
20% 25% 30% 35% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 23.1% FCF margin (TTM), FY24 Q1: 21.1% FCF margin (TTM), FY24 Q2: 23.7% FCF margin (TTM), FY24 Q3: 26.1% FCF margin (TTM), FY24 Q4: 27.0% FCF margin (TTM), FY25 Q1: 29.9% FCF margin (TTM), FY25 Q2: 31.2% FCF margin (TTM), FY25 Q3: 33.0% FCF margin (TTM), FY25 Q4: 38.0% FCF margin (TTM), FY26 Q1: 36.2% FCF margin (TTM), FY26 Q2: 33.5% FCF margin (TTM), FY26 Q3: 31.1% 31.1%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 23.1%
FY24 Q1 21.1%
FY24 Q2 23.7%
FY24 Q3 26.1%
FY24 Q4 27.0%
FY25 Q1 29.9%
FY25 Q2 31.2%
FY25 Q3 33.0%
FY25 Q4 38.0%
FY26 Q1 36.2%
FY26 Q2 33.5%
FY26 Q3 31.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 378 396 404 426 448 476 540 614 670 727 775
Net income 121 201 163 239 196 271 359 275 288 247 358
Diluted EPS $1.05 $1.69 $1.31 $1.88 $1.53 $2.09 $2.72 $2.07 $2.17 $1.87 $2.70
Growth (year on year)
Revenue — +4.9% +1.9% +5.5% +5.2% +6.3% +13.4% +13.7% +9.1% +8.6% +8.5%
Net income — +66.2% −19.0% +46.3% −17.9% +38.3% +32.5% −23.5% +4.6% −13.9% +50.9%
Diluted EPS — +61.0% −22.5% +43.5% −18.6% +36.6% +30.1% −23.9% +4.8% −13.8% +50.7%
Margins
Net margin 32.1% 50.8% 40.4% 56.1% 43.7% 56.9% 66.5% 44.8% 42.9% 34.0% 46.1%
Cash flow
Cash from operations 174 193 210 246 240 267 411 305 352 461 441
Stock-based pay 7 9 8 8 13 14 16 17 20 20 22
Balance sheet
Cash 10 21 43 21 162 59 133 44 45 78 42
Total debt 1,354 1,305 1,306 1,491 1,603 1,617 2,077 2,233 2,215 2,566 2,656
Net debt (negative = net cash) 1,344 1,284 1,263 1,470 1,441 1,559 1,944 2,189 2,171 2,488 2,613
Diluted shares 115m 119m 124m 127m 128m 130m 132m 132m 132m 133m 133m
Returned to shareholders
Dividends 83 101 110 117 127 140 155 169 193 231 257
Total returned 83 101 110 117 127 140 155 169 193 231 257

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Dividends (TTM)
$257M
Returned to shareholders
107%
of free cash flow
Diluted share count
+0.1%
year over year
Total shareholder yield
3.5%
dividends 3.5% + buybacks 0.0% of market value
Dividend payout ratio
72%
of net income paid out

Competitors: side by side with peers

Closest by revenue in industrial reits
Last 12 months unless stated FR EGP STAG FIP REXR TRNO Median
Revenue, last 12 months $775m $770m $901m $659m $978m $503m $838m
Revenue growth, last 12 months 8.5% 10.4% 9.3% 72.3% −2.0% 18.0% 7.9%
Revenue growth, 3-year average 8.8% 11.8% 9.0% 28.8% 8.5% 18.7% 8.8%
Revenue growth, latest quarter 8.6% 9.5% 9.4% 52.7% −5.6% 11.1% 8.2%
Operating margin — 36.1% — — 73.3% — 36.1%
Operating margin, 3-year average — 35.1% — — 72.6% — 35.1%
Net margin 46.1% 41.0% 29.9% −84.0% −47.1% 77.3% 32.1%
Cash from operations / revenue 56.9% 70.4% 53.3% −8.7% 52.3% 57.0% 53.2%
Free-cash-flow margin 31.1% 62.9% 18.0% −48.3% 26.8% 43.1% 22.4%
Free-cash-flow margin, 3-year average 30.1% 56.0% 37.2% −47.0% 19.3% 44.2% 23.9%
Stock pay / revenue 2.9% 1.6% 1.6% 3.8% 8.0% 3.6% 2.2%
Change in share count 0.1% 3.0% 2.7% −0.7% −1.8% 4.3% 0.5%

Median of all 10 companies we cover in industrial reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

10 industrial reits companies
Measure Company Peer median Rank
Revenue growth Growth 8.5% 8.5% 5 of 10
Change in growth rate Growth +0.1pp -0.0pp 3 of 10
Net margin Profitability 46.1% 34.3% 2 of 10
Stock pay as % of revenue Cash generation 2.9% 2.2% 6 of 9
Change in share count Balance sheet 0.1% 0.5% 3 of 9

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$8.1B
Institutions reporting
488
Shares held vs prior quarter
▲ 2.8%
Positions opened / closed
59 / 33

Top buyers and sellers, Q2 2026: 248 institutions bought and 182 sold ; the biggest buyer was Jpmorgan Chase & Co (+1.0M shares) and the biggest seller PGGM Investments (−1.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1B 16.7M 12.6% ▼ 0.3%
Vanguard Portfolio Management LLC $780M 12.7M 9.6% ▲ 0.8%
State Street Corp $391M 6.3M 4.8% ▼ 0.5%
Vanguard Capital Management LLC $367M 6.0M 4.5% ▲ 0.9%
Norges Bank $335M 5.5M 4.1% —
Centersquare Investment Management LLC $298M 4.9M 3.7% ▲ 12.7%
Geode Capital Management, LLC $175M 2.9M 2.2% ▲ 2.3%
Cohen & Steers, Inc. $168M 2.7M 2.1% ▲ 0.4%
Jpmorgan Chase & Co $164M 2.6M 2.0% ▲ 64.3%
Prudential Financial Inc $160M 2.6M 2.0% ▼ 6.3%
Charles Schwab Investment Management Inc $159M 2.6M 2.0% ▲ 0.9%
Duff & Phelps Investment Management Co $151M 2.5M 1.9% ▲ 12.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not First Industrial Realty Trust Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $39,688 2 trades by 1 insider · 0% under pre-set plans
Net ▼ $39,688 net selling
Insider Date Trade Shares Price Value
Yap Johannson L Chief Investment Officer December 17, 2025 Sell 340 $58.34 $19,836
Yap Johannson L Chief Investment Officer December 17, 2025 Sell 340 $58.39 $19,853

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

No trades in First Industrial Realty Trust Inc disclosed in the last 12 months; 4 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded August 4, 2025, filed September 12, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded June 17, 2025, filed August 13, 2025
  • Raúl M. Grijalva(D-AZ 3):Sale (full), $1,001 - $15,000, traded April 10, 2015, filed May 14, 2015

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 3, 2027 estimated from the company's past filing pattern, not announced

  • October 21, 2026
  • July 22, 2026
  • April 22, 2026
  • February 4, 2026
  • October 15, 2025
  • July 16, 2025

Recent SEC filings

Data status

When each part of this page on First Industrial Realty Trust Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

First Industrial Realty Trust Inc in brief

What does First Industrial Realty Trust Inc do?
First Industrial Realty Trust Inc is a US-listed company in the industrial REITs industry. Its financial year ends in December.
What is First Industrial Realty Trust Inc's stock ticker?
First Industrial Realty Trust Inc trades under the ticker FR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is First Industrial Realty Trust Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, First Industrial Realty Trust Inc reported revenue of $775M, 8.5% higher than a year earlier, according to its SEC filings.
What is First Industrial Realty Trust Inc's free cash flow?
First Industrial Realty Trust Inc's free-cash-flow margin is 31.1% of revenue over the trailing twelve months.
Who are First Industrial Realty Trust Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is First Industrial Realty Trust Inc's market cap?
On November 2, 2026, First Industrial Realty Trust Inc's market capitalisation was about $7.3B, with a price-to-earnings ratio of 20.3 and net debt of $2.6B. Market figures come from third-party market data and may be delayed.
Does First Industrial Realty Trust Inc pay a dividend?
Yes: First Industrial Realty Trust Inc paid $257M in dividends over the trailing twelve months, a dividend yield of 3.54% and a payout ratio of 71.8%.
Who are First Industrial Realty Trust Inc's competitors?
In our Industrial REITs peer group, the companies closest to First Industrial Realty Trust Inc are Eastgroup Properties Inc, Stag Industrial, Inc., Ftai Infrastructure Inc., Rexford Industrial Realty, Inc. and Terreno Realty Corp. The side-by-side comparison below sets their revenue, margins and growth against First Industrial Realty Trust Inc's.
Are insiders buying or selling First Industrial Realty Trust Inc stock?
Over the last 12 months, First Industrial Realty Trust Inc's directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is First Industrial Realty Trust Inc's next earnings date?
Around February 3, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — First Industrial Realty Trust Inc announces its own schedule.