First Industrial Realty Trust (FR)
Real Estate · industrial real estate · NYSE
A pure-play industrial REIT focused on developing and operating logistics real estate in supply-constrained US markets.
What First Industrial Realty Trust does
First Industrial Realty Trust is a fully integrated real estate investment trust (REIT) that owns, manages, acquires, develops, and redevelops industrial real estate. The company focuses on logistics properties in 15 key markets across the United States, aiming to maximize stockholder returns through leasing growth, property management, and strategic development.
Themes: logistics real estate, supply chain infrastructure, e-commerce fulfillment, industrial leasing, REIT
Fundamentals
- Price$59.30 as of 2026-10-08 close
- Market cap$7.9B as of 2026-07-23 (share count; price 2026-10-08)
- 1-year return+14.7% 2025-10-08 close $51.69 → 2026-10-08 close $59.30
- P/E21.58 as of 2026-10-08
- Net margin+34.0% FY2025, SEC XBRL
- ROE+9.0% FY2025, SEC XBRL
- Debt / equity0.92 as of 2026-09-03
- Revenue growth (YoY)+8.4% as of 2026-09-03
- Revenue CAGR (3y)+10.4% SEC XBRL
- Beta0.69 as of 2026-09-03
- Last reported earnings2026-07-22 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +3.2%; 13-year non-decreasing per-share dividend streak (SEC XBRL).
How FR compares in its sector
- price-to-earnings ratiomiddle range 120 covered Real Estate peers, as of 2026-10-08
- net profit margintop 25% 154 covered Real Estate peers, as of 2026-09-03
- return on equitymiddle range 158 covered Real Estate peers, as of 2026-09-03
- 3-year revenue CAGRtop 25% 155 covered Real Estate peers
- indicated dividend yieldbottom 25% 140 covered Real Estate peers, as of 2026-09-03
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
FR is not currently in any published Top 10 list. Its scores are below.
Top 10 score
51.1 #667 of 1,379 scored · #27 of 87 in Real Estate
Capital return 63rd (consecutive years of dividend increases 13 years, net share count bought back over the year -0.1) and valuation 62nd (price to earnings 21.6, price to book 2.8); weakest is financial health (36th, debt to equity 0.9).
Left this list on 1 Oct 2026
- Left 1 Oct 2026: score 52.1, rank 23 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version) (a member leaves above rank 15).
- Entered 18 Aug 2026: first selection for this list at rank 9, score 58.8.
- Held its place at 1 rebalance on 1 Sep 2026.
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, FR's dividend was covered by reported results (earnings payout 93%, operating-cash-flow payout 50%). This describes past coverage, not a forecast.
- Earnings payout93% dividends / net income
- Operating-cash-flow payout50% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How First Industrial Realty Trust looks technically
First Industrial Realty Trust (FR) is trading 3.4% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 245 trading days ago — a "golden cross", a bullish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 27, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 39, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 7 trading days ago (its momentum flipped negative). It made a new 20-day low about 2 trading days ago. It is 15.1% below its highest point of the past year.
Trend
7
| Distance from the 200-day | it is trading 3.4% below its 200-day average, the long-term trend line — a long-term downtrend | -3.4% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $62.05 | $62.05 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $61.40 | $61.40 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 27 calendar days ago — the swings before that are what the structure reading is measured on | 27 sessions |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 245 trading days ago — a "golden cross", a bullish long-term signal | 245 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 27, with sellers in control | 27.3 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 39, neither overbought (above 70) nor oversold (below 30) | 38.7 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($57.82 to $62.30) — its "stochastic" reading is 33 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 33.0 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 7 trading days ago (its momentum flipped negative) | 7 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $69.88 | $69.88 |
|---|---|---|
| From the 52-week high | it is 15.1% below its 52-week high (its highest price of the past year) | -15.1% |
| Above the 52-week low | it is 18.0% above its 52-week low (its lowest price of the past year) | +18.0% |
| Below the 52-week high | it is 15.1% below its highest point of the past year | 15.1% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $69.88 (set on 2026-07-17) | $69.88 |
| Given back of the 52-week move | over the past year its closes ranged ($50.26 to $68.86), and it has given back around half of its rise from last year’s low — 51% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $56.77 to $57.37. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 51.4% |
| From the all-time high | it is 15.1% below its all-time high | -15.1% |
| Nearest price level | it is sitting right on a support level at $59.27 — a price it turned at twice since 2025-12-12, most recently on 2026-06-02. Since 2024-10-08 it has 9 such levels below the current price and 3 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -0.1% |
| All-time low | its lowest closing price on record is $1.76 (set on 2009-03-03) | $1.76 |
| Above the all-time low | it is 3269.3% above its all-time low | +3,269% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 56th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.10 between its high and its low — about 1.9% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.10 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $58.26 and $63.08 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $58.26 – $60.67 – $63.08 |
| Typical daily range (% of price) | its price moves about 1.9% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.9% |
| Stretch from the 200-day average | it is trading 1.9 daily ranges below its 200-day average price (3.4% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.9 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.70× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a bullish engulfing | today it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | today |
|---|
Price gaps
1
| Gap at the open | it opened on 2026-10-08 at essentially the same price it closed at the session before — no meaningful overnight gap | -0.0% |
|---|
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 5.0 percentage points (the stock lost 3.9% while the market gained 1.0%) | -5.0% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 12.1 percentage points (the stock lost 8.3% while the market gained 3.8%) | -12.1% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 16.0 percentage points (the stock gained 1.5% while the market gained 17.5%) | -16.0% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 0.3 percentage points (the stock gained 14.7% while the market gained 15.0%) | -0.3% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 6.8% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 3.0% of the share price. | -6.8% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 4% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $61.65 — a volume-weighted average of daily closes over 191 sessions, not a true tick-by-tick VWAP. | -3.8% |
|---|---|---|
| Vs the average paid since it last reported | the price is 5% below the average price paid since it last reported on 2026-07-22 (its 8-K), so the typical buyer over that stretch is under water. That average is $62.46 — a volume-weighted average of daily closes over 56 sessions, not a true tick-by-tick VWAP. | -5.1% |
Price levels it has turned at before
FR last closed at $59.30 on 2026-10-08. Since 2024-10-08 it has turned at 9 prices below its last close and 3 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $59.27 | Support | 0.1% below the last close | turned there twice · 2025-12-12 to 2026-06-02 |
| $58.22 | Support | 1.8% below the last close | turned there three times · 2025-03-07 to 2026-03-09 |
| $60.57 | Resistance | 2.1% above the last close | turned there 7 times · 2026-01-16 to 2026-09-11 |
| $56.68 | Support | 4.4% below the last close | turned there 9 times · 2024-10-17 to 2026-03-20 |
| $62.46 | Resistance | 5.3% above the last close | turned there four times · 2026-03-17 to 2026-09-17 |
| $64.20 | Resistance | 8.3% above the last close | turned there six times · 2026-02-27 to 2026-08-25 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Broke down to a new 20-day low · lagging the market · Printed a bullish engulfing pair · Least volatile (2% or less typical daily range) · Under water since its last earnings report (below the anchored VWAP) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.00 mean, 1=Strong Buy…5=Strong Sell) — 16 analysts
- Mean price target$71.88 range $66.00 – $86.00; median $72.00
Analyst estimates, as of 2026-10-09. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for FR
- Consensus EPS estimate$0.4458 next reporting period, as of 2026-10-09
- Estimate change, 30 days+$0.01582 (+3.7%) from $0.43, on 2026-09-04, 35-day window
- Readings revised upward22% of 9 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Market conditions affecting industrial demand and rent growth.","Risks associated with property development and redevelopment activities.","Exposure to interest rate fluctuations and availability of debt financing."]
What changed in the latest 10-Q
AI-assisted comparison of FR's 10-Q filed 2026-07-23 against the prior one filed 2026-04-24.
Management's Discussion & Analysis (MD&A)
- Reworded:
- The newer filing (filed 2026-07-23) updates the property count from 420 to 419 industrial properties and total GLA from approximately 70.9 million to approximately 71.2 million square feet, reflecting the period end date change from March 31, 2026 to June 30, 2026.
- The newer filing (filed 2026-07-23) updates the Company's approximate ownership interest in the Operating Partnership from 96.8% to 96.7%, with a corresponding change in the noncontrolling interest from approximately 3.2% to approximately 3.3%, reflecting the period end date change from March 31, 2026 to June 30, 2026.
- The newer filing (filed 2026-07-23) updates the period end date references from March 31, 2026 to June 30, 2026 in the General section.
- Notes:
- The newer text appears truncated at the end ('does not fo'), but the comparison of available text was performed on the sections provided.
Risk Factors
- Notes:
- The newer text appears truncated mid-sentence after 'please refer to "' and the older text ends at the same point, so only the visible portions could be compared.
- No differences were detected in the visible portions of the two filings.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for FR — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 2 matched disclosures for FR from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Short interest (FINRA)
FR had 4,518,766 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
FR had 3.41% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 5.65 days to cover at the same settlement.
- Reported short interest (shares) 4,518,766
- Short interest (% of shares outstanding) 3.41%
- Prior settlement (shares) 4,124,228
- Reported change 9.57%
- Days to cover (reported) 5.65
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Prologis (PLD)
- Duke Realty (DRE)
- Rexford Industrial Realty (REXR)
- EastGroup Properties (EGP)
- Americold Realty Trust (COLD)
- STAG Industrial (STAG)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare FR vs…
First Industrial Realty Trust is found in…
Frequently asked questions
What does First Industrial Realty Trust (FR) do?
First Industrial Realty Trust is a fully integrated real estate investment trust (REIT) that owns, manages, acquires, develops, and redevelops industrial real estate. The company focuses on logistics properties in 15 key markets across the United States, aiming to maximize stockholder returns through leasing growth, property management, and strategic development.
What sector is First Industrial Realty Trust (FR) in?
First Industrial Realty Trust (FR) is classified in the Real Estate sector. Its industry is industrial real estate. It trades on NYSE.
Does FR pay a dividend?
Yes — First Industrial Realty Trust (FR) pays a dividend, with an indicated yield of about 3.24% and 13-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-03). Informational only — not financial advice.
Who are First Industrial Realty Trust's (FR) competitors?
Notable peers of First Industrial Realty Trust (FR) include Prologis, Duke Realty, Rexford Industrial Realty, EastGroup Properties and Americold Realty Trust. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in FR?
Yes — we hold 2 matched STOCK Act disclosures for FR from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is First Industrial Realty Trust (FR) overbought or oversold right now?
First Industrial Realty Trust (FR) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 39, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on FR come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.