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FR

NEUTRAL
$61.37 Live
First Industrial Realty Trust, Inc. · NYSE
Target $65.8 (+7.2%)
$46.51 52W Range $64.66

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 27, 2026
Market cap
$8.14B
P/E
23.7
ROE
12.8%
Profit margin
46.0%
Debt/Equity
0.91
Dividend yield
3.26%

AI Analysis

AI-powered fundamental assessment

Confidence
80%
FR presents a dichotomy between strong fundamental health and bearish market sentiment. With a Piotroski F-Score of 4/9 (Stable) and a highly conservative Debt/Equity ratio of 0.91 compared to the sector average of 2.55, the company is financially robust. While the current price of $61.37 is well above the Graham Number ($34.82), it remains below the growth-based Intrinsic Value of $76.41. However, severe bearishness in technical trends (10/100) and insider sentiment (30/100) offsets the impressive earnings growth and analyst optimism.

Key Strengths

Exceptional balance sheet with Debt/Equity (0.91) significantly lower than sector average (2.55)
Strong profitability with a profit margin of 45.95% and ROE of 12.84%
Massive recent earnings growth (199.7% YoY) and consistent EPS beats
Healthy liquidity position with a current ratio of 1.67
Strong analyst consensus with a 'Buy' recommendation and target price of $65.80

Key Risks

Severely bearish technical trend (10/100) suggesting strong downward price momentum
Bearish insider sentiment with net selling activity
High Price/Sales ratio (10.92) indicating a premium valuation relative to revenue
Forward P/E (32.64) is higher than trailing P/E (23.69), suggesting expected earnings normalization
Moderate dividend yield (3.26%) which may not attract income-focused REIT investors
AI Fair Value Estimate
Based on comprehensive analysis
$68.61
+11.8% above current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall
71
Strong
Value
55
Future
85
Past
80
Health
75
Dividend
60
AI Verdict
Fundamental Strength vs. Market Weakness
Key drivers: Low leverage relative to peers, Strong earnings surprises, Bearish technicals/insiders
Confidence
85%
Value
55/100

Ref P/E 23.69, Graham Number $34.82

Positives
  • Trades below Intrinsic Value ($76.41)
Watchpoints
  • Trades significantly above Graham Number ($34.82)
  • High P/S ratio
Future
85/100

Ref Growth rates and EPS surprises

Positives
  • 199.7% YoY Earnings Growth
  • Consistent quarterly EPS beats
Watchpoints
  • Forward P/E expansion suggests potential slowdown
Past
80/100

Ref Historical price trends

Positives
  • Strong 1Y (+33.3%) and 5Y (+43.1%) price performance
Watchpoints
  • Recent 1W decline
Health
75/100

Ref Piotroski F-Score 4/9, Debt/Equity 0.91

Positives
  • Debt/Equity 0.91 is very low for REIT sector
  • Current Ratio 1.67 indicates good liquidity
Watchpoints
  • Piotroski F-Score is only 4/9 (Stable, not Strong)
Dividend
60/100

Ref Yield 3.26%, Payout 70.85%

Positives
  • Sustainable payout ratio (70.85%)
Watchpoints
  • Yield (3.26%) is modest for the REIT industry

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price
$61.37
Analyst Target
$65.8
Upside/Downside
+7.2%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for FR and closest competitors.

Updated 2026-04-24
FR
First Industrial Realty Trust, Inc.
Primary
5Y
+43.1%
3Y
+30.7%
1Y
+33.3%
6M
+11.2%
1M
+6.2%
1W
-3.7%
BRX
Brixmor Property Group Inc.
Peer
5Y
+90.8%
3Y
+33.3%
1Y
+5.2%
6M
+5.4%
1M
+1.4%
1W
-1.0%
ADC
Agree Realty Corporation
Peer
5Y
+38.9%
3Y
+12.4%
1Y
+5.9%
6M
+0.8%
1M
+0.6%
1W
-0.9%
CTR
CareTrust REIT, Inc.
Peer
5Y
+97.7%
3Y
+128.4%
1Y
+40.4%
6M
+10.1%
1M
+2.1%
1W
-3.9%
LIN
Lineage, Inc.
Peer
5Y
-53.9%
3Y
-53.9%
1Y
-30.4%
6M
-10.3%
1M
-10.9%
1W
+4.2%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

P/E Ratio
23.7
Forward P/E
32.64
PEG Ratio
N/A
P/B Ratio
2.95
P/S Ratio
10.92
EV/Revenue
14.46
EV/EBITDA
21.15
Market Cap
$8.14B

Profitability

Profit margins and return metrics

Profit Margin 45.95%
Operating Margin 34.99%
Gross Margin 73.53%
ROE 12.84%
ROA 3.42%

Growth

Revenue and earnings growth rates

Revenue Growth +10.0%
Earnings Growth +199.7%
Q/Q Revenue Growth +7.3%
Q/Q Earnings Growth +197.5%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity
0.91
Moderate
Current Ratio
1.67
Good
Quick Ratio
1.63
Excellent
Cash/Share
$0.28

Quarterly Earnings History

EPS performance vs analyst estimates

2026-07-22
$N/A
2026-04-22
$1.08
+223.8% surprise
2026-02-04
$0.59
+39.4% surprise
2025-10-15
$0.49
+25.7% surprise

Real Estate Sector Comparison

Comparing FR against 158 companies in the Real Estate sector (6 bullish, 31 neutral, 121 bearish)
P/E Ratio
23.7
This Stock
vs
42.45
Sector Avg
-44.2% (Discount)
Return on Equity (ROE)
12.84%
This Stock
vs
-35.03%
Sector Avg
-136.7% (Below Avg)
Profit Margin
45.95%
This Stock
vs
11.41%
Sector Avg
+302.9% (Superior)
Debt to Equity
0.91
This Stock
vs
2.5
Sector Avg
-63.8% (Less Debt)
Revenue Growth
10.0%
This Stock
vs
17600.73%
Sector Avg
-99.9% (Slower)
Current Ratio
1.67
This Stock
vs
8.23
Sector Avg
-79.7% (Weaker)

Similar Companies

Peer comparison within the same industry

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

SCHULTZ PETER O
Officer
Gift
2026-02-19
200 shares
YAP JOHANNSON L
Chief Investment Officer
Sell
2025-12-17
680 shares · $39,688
Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

10-Q
10-Q
2026-04-24

The provided 10-Q filing for FR, dated April 24, 2026, contains limited information with no specific financial highlights included in the excerpt. The document identifies a section for Risk Factors under Item 1A, though specific risks are not detailed. Consequently, a comprehensive assessment of the company's financial performance and risk profile cannot be determined from the available text.

8-K
8-K
2026-04-22

FR filed an 8-K on April 22, 2026, likely to announce its first-quarter financial results.

DEF 14A
DEF 14A
2026-03-30

FR filed a Definitive Proxy Statement on March 30, 2026, providing shareholders with necessary information to vote on matters at the company's annual meeting.

8-K
8-K
2026-03-27

Federal Realty Investment Trust filed an 8-K on March 27, 2026, likely to announce its first-quarter financial results or a dividend declaration.

8-K
8-K
2026-03-17

Federal Realty Investment Trust filed a current report on March 17, 2026, likely announcing quarterly financial results or a dividend declaration.

10-K
10-K
2026-02-11

FR submitted its annual 10-K filing on February 11, 2026. The provided excerpts do not contain specific financial highlights or detailed risk factors.

8-K
8-K
2026-02-04

Federal Realty Investment Trust filed an 8-K on February 4, 2026, likely to announce its fourth-quarter and full-year financial results.

8-K
8-K
2026-01-23

Federal Realty Investment Trust likely reported its fourth-quarter and full-year financial results for the fiscal year ending December 31, 2025.

10-Q
10-Q
2025-10-17

FR submitted its quarterly 10-Q filing on October 17, 2025. The filing includes a section on Risk Factors under Item 1A, although specific financial highlights and detailed risk descriptions were not provided in the available excerpt.

8-K
8-K
2025-10-15

Federal Realty Investment Trust likely reported its third-quarter financial results in this 8-K filing dated October 15, 2025.

8-K
8-K
2025-08-21
10-Q
10-Q
2025-07-17
8-K
8-K
2025-07-16
8-K
8-K
2025-05-14
8-K
8-K
2025-05-01
Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus
BUY
15 analysts
Scotiabank
2026-03-02
Maintains
Sector Perform Sector Perform
Truist Securities
2026-02-18
Maintains
Buy Buy
Citigroup
2026-02-11
Maintains
Neutral Neutral
RBC Capital
2026-02-10
Maintains
Outperform Outperform
Cantor Fitzgerald
2026-02-06
Maintains
Neutral Neutral
Truist Securities
2026-01-20
Maintains
Buy Buy
Scotiabank
2026-01-14
Maintains
Sector Perform Sector Perform
Mizuho
2025-12-04
Maintains
Outperform Outperform
Scotiabank
2025-11-10
Maintains
Sector Perform Sector Perform

Past News Coverage

Recent headlines mentioning FR from our newsroom.

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