-0.30%
6.50%
1.71%
-2.43%
3.63%
-12.16%
25.04%
AI Spotlight on FR
Company Description
First Industrial Realty Trust, Inc.(NYSE: FR) 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.Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.
In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020.
Market Data
| Last Price | 53.39 |
| Change Percentage | -0.30% |
| Open | 53.82 |
| Previous Close | 53.55 |
| Market Cap ( Millions) | 7066 |
| Volume | 583956 |
| Year High | 57.35 |
| Year Low | 45.1 |
| M A 50 | 51.75 |
| M A 200 | 51.57 |
Financial Ratios
| FCF Yield | 0.83% |
| Dividend Yield | 2.77% |
| ROE | 11.87% |
| Debt / Equity | 83.29% |
| Net Debt / EBIDTA | 479.89% |
| Price To Book | 2.68 |
| Price Earnings Ratio | 22.92 |
| Price To FCF | 120.68 |
| Price To sales | 10.85 |
| EV / EBITDA | 20.61 |
News
- Jan -25 - How The 'Smart Money' Is Investing In REITs Right Now
- Jan -17 - First Industrial Realty Trust Reports Tax Treatment Of Common Stock Distributions
- Jan -13 - First Industrial Realty Trust To Host Fourth Quarter And Full Year 2024 Results Conference Call On February 6
- Jan -11 - Why REIT Struggles Now Could Lead To Big Gains: Lessons From A Billionaire Investor
- Jan -06 - Top 3 REITs For 2025
- Jan -02 - Up To 10% Yield: 3 REITs To Buy Before They Hike Their Dividend
- Dec -30 - All You Need to Know About First Industrial Realty Trust (FR) Rating Upgrade to Buy
- Dec -30 - What Are The Top REITs For 2025?
- Dec -19 - Buy The Dip: 2 REITs Getting Way Too Cheap
- Dec -09 - First Industrial Realty: A Top Industrial Pick With Solid Upside Potential
- Dec -07 - Sector Spotlight: Industrial REITs - Still A Real Estate Darling?
- Dec -02 - 12 REITs Poised For Potential Outperformance
- Nov -28 - 3 Once-In-A-Decade REIT Buying Opportunities
- Nov -21 - 3 REITs With High Dividend Growth Prospects In 2025
- Nov -14 - First Industrial: Still Attractive Despite Policy Risk
- Oct -31 - 3 REITs With Rapid Dividend Growth
- Oct -30 - First Industrial Realty Trust Declares Common Stock Dividends
- Oct -17 - First Industrial Realty Trust, Inc. (FR) Q3 2024 Earnings Call Transcript
- Oct -16 - First Industrial Realty Trust (FR) Tops Q3 FFO and Revenue Estimates
- Oct -16 - FIRST INDUSTRIAL REALTY TRUST REPORTS THIRD QUARTER 2024 RESULTS
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Same Store Properties
Expected Growth : 8 %
What the company do ?
Same Store Properties from First Industrial Realty Trust, Inc. refers to a portfolio of stabilized properties that have been owned and operated by the company for at least one year, providing a consistent basis for evaluating operating performance.
Why we expect these perspectives ?
Same Store Properties from First Industrial Realty Trust, Inc. achieved 8% growth driven by strong demand for industrial space, e-commerce growth, and limited supply in key markets. Additionally, the company's focus on high-quality, infill properties and strategic capital investments contributed to the growth. Furthermore, the company's ability to maintain high occupancy rates and increase rental rates also supported the growth.
Segment nΒ°2 -> (Re) Developments
Expected Growth : 12 %
What the company do ?
First Industrial Realty Trust, Inc.'s (Re) Developments involve renovating and repositioning existing industrial properties to increase their value and attract new tenants.
Why we expect these perspectives ?
First Industrial Realty Trust's 12% growth is driven by increasing demand for industrial properties, e-commerce growth, and strategic acquisitions. Strong operating fundamentals, including high occupancy rates and rent growth, also contribute to the company's expansion. Additionally, the company's focus on high-barrier, infill markets and its ability to redevelop and reposition properties further support its growth momentum.
Segment nΒ°3 -> Other
Expected Growth : 6 %
What the company do ?
The 'Other' segment from First Industrial Realty Trust, Inc. includes non-industrial real estate investments, such as office and retail properties.
Why we expect these perspectives ?
First Industrial Realty Trust's 6% growth is driven by increasing demand for industrial properties, e-commerce growth, and limited supply in key markets. Additionally, the company's strategic acquisitions, development projects, and strong operating performance contribute to its growth. Furthermore, the company's focus on high-barrier, high-growth markets and its ability to increase rents also support its growth momentum.
Segment nΒ°4 -> Acquired Properties
Expected Growth : 11 %
What the company do ?
First Industrial Realty Trust, Inc. acquired properties include industrial facilities, warehouses, and distribution centers, totaling over 62.2 million square feet across the US and Canada.
Why we expect these perspectives ?
The 11% growth in Acquired Properties from First Industrial Realty Trust, Inc. is driven by increasing demand for industrial spaces, strategic property acquisitions, and expansion into high-growth markets. Additionally, the company's focus on modernizing its portfolio through redevelopment and renovation projects has also contributed to the growth.
Segment nΒ°5 -> Sold Properties
Expected Growth : 4 %
What the company do ?
Sold Properties from First Industrial Realty Trust, Inc. refers to industrial properties divested by the company to optimize its portfolio and focus on high-growth assets.
Why we expect these perspectives ?
Strong demand for industrial properties, driven by e-commerce growth and supply chain shifts, has fueled Sold Properties' 4% growth. Additionally, First Industrial Realty Trust's strategic portfolio repositioning, focus on high-barrier markets, and effective capital allocation have contributed to this growth. Furthermore, the company's ability to capitalize on dispositions and redeploy capital into higher-yielding assets has also driven growth.
First Industrial Realty Trust, Inc. Products
| Product Range | What is it ? |
|---|---|
| Industrial Properties | First Industrial Realty Trust, Inc. owns and operates industrial properties, including warehouses, distribution centers, and light industrial facilities. |
| Rental Properties | The company offers rental properties for industrial and commercial use, providing flexible lease terms and customized solutions for businesses. |
| Development and Construction Services | First Industrial Realty Trust, Inc. provides development and construction services, including build-to-suit projects and property renovations. |
| Property Management Services | The company offers property management services, including maintenance, repairs, and administrative support for industrial properties. |
| Investment and Acquisition Services | First Industrial Realty Trust, Inc. provides investment and acquisition services, including property acquisition, disposition, and investment management. |
First Industrial Realty Trust, Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for First Industrial Realty Trust, Inc. is medium due to the availability of alternative industrial properties and logistics services.
Bargaining Power Of Customers
The bargaining power of customers for First Industrial Realty Trust, Inc. is low due to the company's diversified customer base and long-term leases.
Bargaining Power Of Suppliers
The bargaining power of suppliers for First Industrial Realty Trust, Inc. is medium due to the company's dependence on a few large contractors and suppliers.
Threat Of New Entrants
The threat of new entrants for First Industrial Realty Trust, Inc. is low due to the high barriers to entry in the industrial real estate market.
Intensity Of Rivalry
The intensity of rivalry for First Industrial Realty Trust, Inc. is high due to the competitive industrial real estate market and the presence of several large players.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 46.71% |
| Debt Cost | 3.95% |
| Equity Weight | 53.29% |
| Equity Cost | 9.23% |
| WACC | 6.76% |
| Leverage | 87.64% |
First Industrial Realty Trust, Inc. : Quality Control
First Industrial Realty Trust, Inc. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| TRNO | Terreno Realty Corporation and together with its subsidiaries, the ΒCompanyΒ) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, β¦ |
| STAG | STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of β¦ |
| EGP | EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major β¦ |
| REXR | Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and β¦ |
| LXP | Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
EastGroup Properties
A-Score
1-Year Total Return ->
π₯
Terreno Realty
A-Score
1-Year Total Return ->
π₯
STAG Industrial
A-Score
1-Year Total Return ->
4
First Industrial Realty Trust
A-Score
1-Year Total Return ->
5
Rexford Industrial Realty
A-Score
1-Year Total Return ->
6
