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First Industrial Realty Trust, Inc. (FR)

Real Estate | REIT - Industrial | Chicago, United States | NYSE
65.31 USD +0.20 (0.307%) ⇧ (July 14, 2026, 9:44 a.m. EDT)
Short-term:★★★⯪☆Long-term:★★★☆☆Dividends:★★★⯪☆
Hot Take ↕ | July 11, 2026, 5:53 a.m. EDT

The immediate outlook is mixed, characterized by a classic 'bull trap' setup where strong technicals meet defensive positioning. While the stock has rallied significantly over the last two years, hitting a 52-week high, the options market is screaming caution. The massive put volume at the September expiration acts as a psychological ceiling, suggesting traders expect volatility or a pullback rather than a continuation of the uptrend. Fundamentally, the company is a solid industrial REIT with healthy margins and a growing dividend, but the valuation is becoming stretched. The forward P/E of nearly 35x implies high growth expectations that may not materialize given the slowing revenue growth trajectory. The recent price action shows resilience, trading above key moving averages, which supports a cautious bullish stance. However, the disconnect between the strong price performance and the defensive options flow warrants a wait-and-see approach rather than a full commitment. The dividend yield provides a nice floor, making it suitable for income investors who can tolerate the valuation premium, but it is not a deep-value play.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_126 ✓0.016021
MSTL0.019276
AutoARIMA0.023909
AutoETS0.023910
AutoTheta0.023993
MSTL_900.026688
MSTL_90_1260.037252

Forecast horizon: 60 days | Selected: MSTL_126

Forecast Reliability
Score 52%
H-stat 0.91
Ljung-Box p 0.000
Jarque-Bera p 0.804
Excess Kurtosis 0.24
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-29
Last Dividend Date 2026-06-29
Debt to Equity Ratio 90.648
Revenue per Share 5.625
Market Cap 8,947,859,456
Trailing P/E 25.21
Forward P/E 35.11
Beta 1.07
Profit Margins 45.95%
Website https://www.firstindustrial.com

As of July 11, 2026, 5:53 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume at the September expiration, creating a significant barrier around the $45-$60 range. This suggests a fear of a sharp correction or a 'sell the news' event despite the stock hitting recent highs. Conversely, call activity is sparse and concentrated near the money, indicating limited aggressive bullish momentum compared to the defensive hedging seen in the puts.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.82% 3.32% 3.08% 2.75%
Dividend History
Date Dividend Yield %
2026-06-30 0.500 0.815528
2026-03-31 0.500 0.864304
2025-12-31 0.445 0.777021
2025-09-30 0.445 0.864581
2025-06-30 0.445 0.924579
2025-03-31 0.445 0.824685
2024-12-31 0.370 0.738081
2024-09-30 0.370 0.660950
2024-06-28 0.370 0.778783
2024-03-27 0.370 0.710582
2023-12-28 0.320 0.600488
2023-09-28 0.320 0.672269
2023-06-29 0.320 0.612089
2023-03-30 0.320 0.614675
2022-12-29 0.295 0.605874
2022-09-29 0.295 0.668328
2022-06-29 0.295 0.618189
2022-03-30 0.295 0.471096
2021-12-30 0.270 0.408967
2021-09-29 0.270 0.511267
2021-06-29 0.270 0.511557
2021-03-30 0.270 0.580770
2020-12-30 0.250 0.599808
2020-09-29 0.250 0.620964
2020-06-29 0.250 0.660677
2020-03-30 0.250 0.741840
2019-12-30 0.230 0.556766
2019-09-27 0.230 0.580955
2019-06-27 0.230 0.638357
2019-03-28 0.230 0.648435
2018-12-28 0.218 0.768959
2018-09-27 0.218 0.708252
2018-06-28 0.218 0.652499
2018-03-28 0.218 0.745299
2017-12-28 0.210 0.667514
2017-09-28 0.210 0.694215
2017-06-28 0.210 0.730435
2017-03-29 0.210 0.804598
2016-12-28 0.190 0.694952
2016-09-28 0.190 0.659036
2016-06-28 0.190 0.707635
2016-03-29 0.190 0.826806
2015-12-29 0.128 0.570664
2015-09-28 0.128 0.620155
2015-06-26 0.128 0.665281
2015-03-27 0.128 0.613615
2014-12-29 0.102 0.482042
2014-09-26 0.103 0.596410
2014-06-26 0.103 0.549920
2014-03-27 0.103 0.541820
2013-12-27 0.085 0.490762
2013-09-26 0.085 0.516090
2013-06-26 0.085 0.567802
2013-03-26 0.085 0.503853
2008-12-29 0.250 3.602305
2008-09-26 0.720 2.465753
2008-06-26 0.720 2.536104
2008-03-27 0.720 2.303263
2007-12-27 0.720 2.039660
2007-09-26 0.710 1.782576
2007-06-27 0.710 1.816786
2007-03-28 0.710 1.591928
2006-12-27 0.710 1.519367
2006-09-27 0.700 1.589825
2006-06-28 0.700 1.903726
2006-03-29 0.700 1.627907
2005-12-28 0.700 1.791656
2005-09-28 0.695 1.782051
2005-06-28 0.695 1.737500
2005-03-29 0.695 1.825584
2004-12-29 0.695 1.702597
2004-09-28 0.685 1.814570
2004-06-28 0.685 1.834003
2004-03-29 0.685 1.761831
2003-12-29 0.685 1.985507
2003-09-26 0.685 2.160883
2003-06-26 0.685 2.170469
2003-03-27 0.685 2.428217
2002-12-27 0.685 2.472032
2002-09-26 0.680 2.164227
2002-06-26 0.680 2.023810
2002-03-26 0.680 2.000588
2001-12-27 0.680 2.145110
2001-09-26 0.658 2.314457
2001-06-27 0.658 2.077020
2001-03-28 0.658 2.099553
2000-12-27 0.658 1.907246
2000-09-27 0.620 2.016260
2000-06-28 0.620 2.032787
2000-03-29 0.620 2.306977
1999-12-29 0.620 2.224215
1999-09-28 0.600 2.467866
1999-06-28 0.600 2.181818
1999-03-29 0.600 2.560000
1998-12-29 0.600 2.324455
1998-09-28 0.530 1.985948
1998-09-11 0.530 2.279570
1998-06-26 0.530 1.713131
1998-03-27 0.530 1.492958
1997-12-29 0.530 1.477352
1997-09-26 0.505 1.544933
1997-06-26 0.505 1.719149
1997-03-26 0.505 1.565891
1996-12-27 0.505 1.635628
1996-09-25 0.486 1.953769
1996-06-26 0.487 2.072340
1996-03-27 0.478 2.067027
1995-12-27 0.478 2.172727
1995-09-27 0.472 2.389873
1995-06-28 0.472 2.420513
1995-03-27 0.472 2.500662
1994-12-23 0.472 2.451948
1994-09-26 0.472 2.288485
Additional Data
dividendRate 1.89
dividendYield 2.9
exDividendDate 2026-06-30
trailingAnnualDividendRate 1.835
trailingAnnualDividendYield 0.028185239
lastDividendValue 0.5
lastDividendDate 2026-06-30
dividendDate 2026-07-20

Info Dump

Attribute Value
52 Week Change 0.3272171
Address1 One North Wacker Drive
Address2 Suite 4200
All Time High 66.74
All Time Low 1.76
Ask 65.4
Ask Size 100
Audit Risk 5
Average Analyst Rating 2.0 - Buy
Average Daily Volume10 Day 1,453,950
Average Daily Volume3 Month 1,068,127
Average Volume 1,068,127
Average Volume10Days 1,453,950
Beta 1.066
Bid 64.5
Bid Size 200
Board Risk 2
Book Value 20.803
City Chicago
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 65.305
Current Ratio 1.668
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 65.365
Day Low 64.98
Debt To Equity 90.648
Display Name First Industrial Realty Trust
Dividend Date 1,784,505,600
Dividend Rate 1.89
Dividend Yield 2.9
Earnings Call Timestamp End 1,784,836,800
Earnings Call Timestamp Start 1,784,836,800
Earnings Growth 1.997
Earnings Quarterly Growth 1.975
Earnings Timestamp 1,784,750,400
Earnings Timestamp End 1,784,750,400
Earnings Timestamp Start 1,784,750,400
Ebitda 509,631,008
Ebitda Margins 0.68388003
Enterprise To Ebitda 22.117
Enterprise To Revenue 15.125
Enterprise Value 11,271,335,936
Eps Current Year 2.1515
Eps Forward 1.86021
Eps Trailing Twelve Months 2.59
Esg Populated 0
Ex Dividend Date 1,782,777,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 312 922 6320
Fifty Day Average 62.4688
Fifty Day Average Change 2.8362007
Fifty Day Average Change Percent 0.045401875
Fifty Two Week Change Percent 32.72171
Fifty Two Week High 65.74
Fifty Two Week High Change -0.43499756
Fifty Two Week High Change Percent -0.006616939
Fifty Two Week Low 47.38
Fifty Two Week Low Change 17.925
Fifty Two Week Low Change Percent 0.37832415
Fifty Two Week Range 47.38 - 65.74
Financial Currency USD
First Trade Date Milliseconds 772,464,600,000
Five Year Avg Dividend Yield 2.53
Float Shares 131,675,574
Forward Eps 1.86021
Forward P E 35.106255
Free Cashflow 238,994,368
Full Exchange Name NYSE
Full Time Employees 151
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.73533994
Gross Profits 547,974,976
Has Pre Post Market Data 1
Held Percent Insiders 0.0035299999
Held Percent Institutions 1.04475
Implied Shares Outstanding 137,016,450
Industry REIT - Industrial
Industry Disp REIT - Industrial
Industry Key reit-industrial
Ir Website http://www.firstindustrial.com/SecondaryNavigation/investors/InvestorHome.php#.UYq31aJxRxA
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,777,600
Last Dividend Value 0.5
Last Fiscal Year End 1,767,139,200
Long Business Summary First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. In total, we own and have under development approximately 71.6 million square feet of industrial space concentrated in 15 target MSAs as of March 31, 2026. First Industrial Realty Trust, Inc. was established on August 10, 1993 and is based in Chicago, United States.
Long Name First Industrial Realty Trust, Inc.
Market us_market
Market Cap 8,947,859,456
Market State REGULAR
Max Age 86,400
Message Board Id finmb_335306
Most Recent Quarter 1,774,915,200
Net Income To Common 342,268,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 8,630,334,602
Number Of Analyst Opinions 16
Open 65.08
Operating Cashflow 461,588,992
Operating Margins 0.34995
Overall Risk 3
Payout Ratio 0.70849997
Phone 312 344 4300
Previous Close 65.105
Price Eps Current Year 30.353243
Price Hint 2
Price To Book 3.1392107
Price To Sales Trailing12 Months 12.00731
Profit Margins 0.45953
Quick Ratio 1.628
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.0
Region US
Regular Market Change 0.19999695
Regular Market Change Percent 0.30719137
Regular Market Day High 65.365
Regular Market Day Low 64.98
Regular Market Day Range 64.98 - 65.365
Regular Market Open 65.08
Regular Market Previous Close 65.105
Regular Market Price 65.305
Regular Market Time 1,784,036,658
Regular Market Volume 20,832
Return On Assets 0.03424
Return On Equity 0.12838
Revenue Growth 0.1
Revenue Per Share 5.625
Sand P52 Week Change 0.20365608
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 7
Shares Outstanding 132,570,424
Shares Percent Shares Out 0.033299997
Shares Short 4,408,924
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 3,871,796
Short Name First Industrial Realty Trust,
Short Percent Of Float 0.045
Short Ratio 3.98
Source Interval 15
State IL
Symbol FR
Target High Price 83.0
Target Low Price 61.0
Target Mean Price 68.3125
Target Median Price 68.0
Total Cash 37,147,000
Total Cash Per Share 0.28
Total Debt 2,584,648,960
Total Revenue 745,201,024
Tradeable 0
Trailing Annual Dividend Rate 1.835
Trailing Annual Dividend Yield 0.028185239
Trailing Eps 2.59
Trailing P E 25.214287
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 59.032
Two Hundred Day Average Change 6.272999
Two Hundred Day Average Change Percent 0.106264375
Type Disp Equity
Volume 20,832
Website https://www.firstindustrial.com
Zip 60,606-6627