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First Industrial Realty Trust, Inc. (FR)

Real Estate | REIT - Industrial | Chicago, United States | NYSE
61.94 USD -0.45 (-0.721%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 61.94
Short-term:★★★⯪☆Long-term:★★★⯪☆Dividends:★★★⯪☆
Hot Take ↕ | Aug. 22, 2026, 4:11 a.m. EDT

First Industrial Realty Trust presents a compelling dichotomy: a fundamentally resilient industrial REIT trading at a discount due to recent price weakness, yet burdened by a deteriorating multi-year trend. The business is objectively strong, boasting a 39.7% surge in quarterly earnings and robust free cash flow, which allowed the company to nearly double its dividend from $0.32 to $0.50 annually in just two years. However, the market has punished the stock with a 6.27% decline last year, capping the long-term rating below its full potential despite the high-quality fundamentals. The short-term outlook is mixed; while the statistical model sees a slight upward lean and the earnings beat suggests a floor has been found, the options market is screaming caution, with massive put positioning indicating investors are bracing for further downside. The dividend yield of 3.19% is attractive and sustainable given the 69% payout ratio, but the stock remains in a recovery phase rather than a breakout phase. It is a solid hold for income, but the momentum has not yet fully turned bullish.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.056259
AutoARIMA0.066945
AutoETS0.066945
MSTL0.068709

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 57%
H-stat 7.93
Ljung-Box p 0.000
Jarque-Bera p 0.485
Excess Kurtosis -0.60
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-09-29
Last Dividend Date 2026-06-29
Debt to Equity Ratio 90.051
Revenue per Share 5.737
Market Cap 8,486,798,848
Trailing P/E 22.69
Forward P/E 33.25
Beta 1.06
Profit Margins 47.92%
Website https://www.firstindustrial.com

As of Aug. 22, 2026, 4:11 a.m. EDT: Speculators are positioning defensively with heavy open interest in deep out-of-the-money puts (strikes 45 and 60) expiring in September and December, suggesting a fear of a significant drop or a 'crash' scenario. Conversely, call activity is sparse and concentrated near the money or slightly out-of-the-money, with very little volume in deep calls. This imbalance indicates a market expecting downside volatility rather than a rally, despite the recent earnings beat.

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 2.0
dividendYield 3.21
exDividendDate 2026-09-30
trailingAnnualDividendRate 1.89
trailingAnnualDividendYield 0.030293316
lastDividendValue 0.5
lastDividendDate 2026-06-30
dividendDate 2026-10-19

Info Dump

Attribute Value
52 Week Change 0.21689093
Address1 One North Wacker Drive
Address2 Suite 4200
All Time High 69.88
All Time Low 1.76
Ask 62.0
Ask Size 300
Audit Risk 5
Average Analyst Rating 2.0 - Buy
Average Daily Volume10 Day 742,470
Average Daily Volume3 Month 1,097,751
Average Volume 1,097,751
Average Volume10Days 742,470
Beta 1.056
Bid 57.5
Bid Size 300
Board Risk 2
Book Value 20.936
City Chicago
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 61.94
Current Ratio 1.498
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 62.775
Day Low 61.895
Debt To Equity 90.051
Display Name First Industrial Realty Trust
Dividend Date 1,792,368,000
Dividend Rate 2.0
Dividend Yield 3.21
Earnings Call Timestamp End 1,784,818,800
Earnings Call Timestamp Start 1,784,818,800
Earnings Growth 0.393
Earnings Quarterly Growth 0.397
Earnings Timestamp 1,784,750,400
Earnings Timestamp End 1,792,612,800
Earnings Timestamp Start 1,792,612,800
Ebitda 520,558,016
Ebitda Margins 0.68461
Enterprise To Ebitda 20.831
Enterprise To Revenue 14.261
Enterprise Value 10,843,786,240
Eps Current Year 2.51
Eps Forward 1.86271
Eps Trailing Twelve Months 2.73
Esg Populated 0
Ex Dividend Date 1,790,726,400
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 64.26
Fifty Day Average Change -2.3200035
Fifty Day Average Change Percent -0.036103383
Fifty Two Week Change Percent 21.689093
Fifty Two Week High 69.88
Fifty Two Week High Change -7.9399986
Fifty Two Week High Change Percent -0.113623336
Fifty Two Week Low 50.24
Fifty Two Week Low Change 11.699997
Fifty Two Week Low Change Percent 0.2328821
Fifty Two Week Range 50.24 - 69.88
Financial Currency USD
First Trade Date Milliseconds 772,464,600,000
Five Year Avg Dividend Yield 2.57
Float Shares 131,691,336
Forward Eps 1.86271
Forward P E 33.252625
Free Cashflow 290,640,736
Full Exchange Name NYSE
Full Time Employees 151
Fullday Change -0.450001
Fullday Change Percent -0.721271
Fullday Price 61.94
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.73745
Gross Profits 560,736,000
Has Pre Post Market Data 1
Held Percent Insiders 0.0035299999
Held Percent Institutions 1.03081
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 72.1 million square feet of industrial space concentrated in 15 target MSAs as of June 30, 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 8,486,798,848
Market State CLOSED
Max Age 86,400
Message Board Id finmb_335306
Most Recent Quarter 1,782,777,600
Net Income To Common 364,175,008
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 8,271,226,100
Number Of Analyst Opinions 16
Open 62.82
Operating Cashflow 449,494,016
Operating Margins 0.45097
Overall Risk 3
Payout Ratio 0.6873
Phone 312 344 4300
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 61.94
Post Market Time 1,787,959,805
Previous Close 62.39
Price Eps Current Year 24.67729
Price Hint 2
Price To Book 2.9585402
Price To Sales Trailing12 Months 11.1614065
Profit Margins 0.47917998
Quick Ratio 1.122
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.0
Region US
Regular Market Change -0.450001
Regular Market Change Percent -0.721271
Regular Market Day High 62.775
Regular Market Day Low 61.895
Regular Market Day Range 61.895 - 62.775
Regular Market Open 62.82
Regular Market Previous Close 62.39
Regular Market Price 61.94
Regular Market Time 1,787,947,202
Regular Market Volume 386,140
Return On Assets 0.03524
Return On Equity 0.1363
Revenue Growth 0.084
Revenue Per Share 5.737
Sand P52 Week Change 0.20504117
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 0.028499998
Shares Short 3,771,781
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 4,432,282
Short Name First Industrial Realty Trust,
Short Percent Of Float 0.0385
Short Ratio 3.53
Source Interval 15
State IL
Symbol FR
Target High Price 86.0
Target Low Price 61.0
Target Mean Price 71.9375
Target Median Price 72.5
Total Cash 46,052,000
Total Cash Per Share 0.347
Total Debt 2,584,134,912
Total Revenue 760,369,984
Tradeable 0
Trailing Annual Dividend Rate 1.89
Trailing Annual Dividend Yield 0.030293316
Trailing Eps 2.73
Trailing P E 22.688644
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 60.8681
Two Hundred Day Average Change 1.0718994
Two Hundred Day Average Change Percent 0.0176102
Type Disp Equity
Volume 386,140
Website https://www.firstindustrial.com
Zip 60,606-6627