# First Industrial Realty Trust Inc. (FR) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Real Estate / Industrial REITs. Price $54.90, market value $7.5 billion.

## Valuation
- **P/E (trailing): 20.3×** (5-yr avg 23.9×, 3-yr avg 25.2×). First Industrial Realty Trust Inc. trades at 20.3× trailing earnings, close to its own five-year average of 23.9×. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 30.4×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 9.7×**. Each dollar of revenue is priced at 9.7×.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **Earnings yield: 4.9%**. The inverse of the P/E: 4.9% of the price is earned each year.

## Profitability
- **Net margin: 34.0%**. 34.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.3%**. 9.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 6.3%**. Each dollar of assets produces 6.3% of profit.

## Growth
- **Revenue growth (1 yr): 8.6%** (3-yr 10.4%/yr, 5-yr 10.2%/yr). Revenue grew 8.6% over the last year, against 10.2% a year compounded over five years.
- **EPS growth (1 yr): -13.8%** (3-yr -11.7%/yr, 5-yr 4.1%/yr). Earnings per share fell 13.8%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.49**. Debt is 0.49 times equity: a conservative balance sheet.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.64%** ($1.95 per share, trailing). First Industrial Realty Trust Inc. yields 3.64%, an income-level yield.
- **Payout ratio: 93%**. 93% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 13**. 13 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 12.2%/yr** (1-yr 20.3%). The dividend has compounded at 12.2% a year over five years, doubling roughly every 6 years at that pace.

## Analyst view
- **Analyst consensus: buy** (16 analysts). 16 analysts cover First Industrial Realty Trust Inc.; the consensus is buy, with an average price target of $65.50 (+19% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 1.6%** (YTD -2.7%, 3-mo -16.4%). The shares are up 1.6% over twelve months including dividends.
- **From 52-week high: -21.4%** (1.4% above the low). Trading 21% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 33**. An RSI of 33 is neutral.
- **Beta (1 yr): 0.49** (volatility 20%). Beta of 0.49 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FR · Page: https://foliofundamentals.com/stocks/fr

Not investment advice.