Stocks · Real Estate · REIT - Industrial
First Industrial Realty Trust, Inc. FR
$59.46 +1.00% Close, Oct 2, 2026 · NYSE · Market cap $7.88B
Low risk
Next earnings report: Oct 21, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 3.7× EBITDA, a high level of leverage.
- Earnings beat analyst estimates in each of the last 5 quarters (average surprise over the last four: +79.6%).
- Diluted EPS over the last four quarters was $2.74, up 33.7% year over year.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth70Positive
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 43%
- EPS growth (TTM, YoY)Top 32%
- FCF growth (TTM, YoY)Top 42%
- Revenue growth, 3-year CAGRTop 27%
- Revenue growth accelerationBottom 41%
Quality75Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 34%
- Gross marginBottom 49%
- Operating marginTop 24%
- Cash conversion (OCF / net income)Bottom 33%
- Accruals (lower is better)Bottom 34%
- Net debt / EBITDA (lower is better)Top 18%
- Interest coverTop 17%
Value42Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 34%
- Free-cash-flow yieldBottom 48%
- EBITDA / enterprise valueTop 47%
- Sales / enterprise valueBottom 19%
- P/E vs own 5-year history (lower is better)Top 45%
Momentum79Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 19%
- 6-month returnTop 38%
- 1-year return vs S&P 500Top 16%
- Distance from 52-week highTop 23%
- Trend checklist (0–4)Top 41%
Revisions95Exceptional
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 15%
- Consecutive EPS beatsTop 9%
- Share of analysts rating BuyTop 28%
- Upside to consensus price targetBottom 49%
Stability87Strong
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 14%
- Maximum drawdown, 3 yearsTop 21%
- Beta vs S&P 500 (lower is better)Bottom 49%
- Net debt / EBITDA (lower is better)Top 18%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 8.5% | 8.4% | ↓ |
| EPS growth (YoY) | 27.7% | 33.7% | ↑ |
| Gross margin | 73.2% | 47.7% | ↓ |
| Operating margin | 41.1% | 41.6% | ↑ |
| FCF margin | 56.7% | 54.0% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 8.4% | 8.5% | ↓ | Top 43% |
| EPS growth (TTM, YoY) | 33.7% | 27.7% | ↑ | Top 32% |
| Gross margin | 47.7% | 73.2% | ↓ | Bottom 49% |
| Operating margin | 41.6% | 41.1% | ↑ | Top 24% |
| Net margin | 48.0% | 38.7% | ↑ | — |
| Free-cash-flow margin | 54.0% | 56.7% | ↓ | — |
| Return on invested capital | 5.6% | — | Top 34% | |
| Revenue growth, 3-year CAGR | 10.4% | — | Top 27% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.29×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -1.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 6.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +0.6 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 3.70×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 3.3×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.80%
- Net buyback yield (TTM)
- -0.00%
- Shareholder yield
- 3.80%
- Share count change, 1 year
- +0.0%
- Share count change, 3-year CAGR
- +0.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 23, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 5
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +79.6%
- Average 2-day reaction, last 8
- +0.7%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $72.13
- Target vs current price
- +21.3%
- Analysts with a rating
- 29
- Share rating Buy or Strong Buy
- 62%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 22, 2026 | +31.0% | -1.1% | -3.3% | -8.9% | — |
| Apr 22, 2026 | +228.8% | +0.2% | -1.2% | -2.5% | +8.9% |
| Feb 4, 2026 | +42.9% | +0.3% | +3.2% | +7.1% | +6.4% |
| Oct 15, 2025 | +15.8% | +3.4% | +6.9% | +9.1% | +14.0% |
| Jul 16, 2025 | +6.7% | +0.5% | +3.0% | -1.6% | +5.4% |
| Apr 16, 2025 | -9.6% | +0.5% | +1.1% | +8.2% | +6.7% |
| Feb 5, 2025 | +48.6% | +0.1% | +4.2% | +7.9% | -10.5% |
| Oct 16, 2024 | +97.4% | +1.3% | -0.3% | -4.2% | -10.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 22, 2026 | $0.58 | $0.44 | +31.0% | $194.9M |
| Apr 22, 2026 | $1.08 | $0.33 | +228.8% | $194.8M |
| Feb 4, 2026 | $0.60 | $0.42 | +42.9% | $188.4M |
| Oct 15, 2025 | $0.49 | $0.42 | +15.8% | $181.4M |
| Jul 16, 2025 | $0.42 | $0.39 | +6.7% | $180.2M |
| Apr 16, 2025 | $0.36 | $0.40 | -9.6% | $177.1M |
| Feb 5, 2025 | $0.52 | $0.35 | +48.6% | $175.6M |
| Oct 16, 2024 | $0.75 | $0.38 | +97.4% | $167.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 21.7× | 24.1× | 29th | Top 34% |
| P/E (forward) | 23.4× | — | — | — |
| EV / EBITDA | 15.2× | — | — | Top 47% |
| EV / Sales | 13.72× | — | — | Bottom 19% |
| Free-cash-flow yield | 5.20% | — | — | Bottom 48% |
| Earnings yield | 4.61% | — | — | Top 34% |
P/E over the past five years
Range 15.0× – 34.2× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +14.2%
- Earnings per share growth (TTM)
- +33.7%
- Change in P/E multiple
- +0.5%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -2.4%
- 200-day average slope (20 days)
- +0.7%
- Distance from 50-day average
- -5.1%
- Distance from 200-day average
- -3.2%
- RSI (14)
- 33.5
- Relative volume
- 1.04×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 16.4%
- Volatility vs own 5-year history
- 7th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.58
- Correlation with S&P 500
- 0.41
- Current drawdown from 1-year high
- -13.7%
- Maximum drawdown, 3 years
- -25.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 29, 2021 | Oct 27, 2023 | -38.9% | 460 days | 679 days (Jul 16, 2026) |
| Jul 17, 2026 | Oct 1, 2026 | -14.5% | 53 days | Not yet recovered |
| Oct 12, 2020 | Oct 28, 2020 | -10.3% | 12 days | 92 days (Mar 12, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $7.88B
- P/E (TTM)
- 21.7
- EPS, diluted (TTM)
- $2.74
- Revenue (TTM)
- $759.6M
- Dividend yield
- 3.27%
- 52-week range
- $50.24 – $69.88
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $476.3M | $539.9M | $614.0M | $669.6M | $727.1M |
| Gross profit | $345.0M | $396.3M | $448.4M | $486.8M | $164.3M |
| Operating income | $179.4M | $214.0M | $244.6M | $272.4M | $307.7M |
| Net income | $271.0M | $359.1M | $274.8M | $287.3M | $247.4M |
| EPS (diluted) | $2.09 | $2.72 | $2.07 | $2.17 | $1.87 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $168.2M | $175.3M | $177.2M | $179.8M | $181.4M | $188.4M | $194.8M | $194.9M |
| Net income | $99.4M | $68.4M | $48.1M | $55.1M | $65.3M | $78.8M | $143.1M | $77.1M |
| EPS (diluted) | $0.75 | $0.52 | $0.36 | $0.42 | $0.49 | $0.59 | $1.08 | $0.58 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $267.0M | $410.9M | $302.3M | $350.4M | $461.3M |
| Capital expenditure | -$233.2M | -$522.4M | -$361.9M | -$215.6M | -$346.5M |
| Free cash flow | $33.9M | -$111.5M | -$59.6M | $134.9M | $114.9M |
| Dividends paid | -$139.7M | -$155.3M | -$169.4M | -$193.5M | -$231.2M |
| Net share buybacks | $145.8M | $12.8M | $0 | $0 | -$1.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $37.1M
- Total assets
- $5.78B
- Total liabilities
- $2.91B
- Total debt
- $2.57B
- Net debt
- $2.54B
- Shareholders’ equity
- $2.78B
As of Jun 30, 2026 (filed Jul 23, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.50 | Oct 19, 2026 |
| Jun 30, 2026 | $0.50 | Jul 20, 2026 |
| Mar 31, 2026 | $0.50 | Apr 20, 2026 |
| Dec 31, 2025 | $0.45 | Jan 20, 2026 |
| Sep 30, 2025 | $0.45 | Oct 20, 2025 |
| Jun 30, 2025 | $0.45 | Jul 21, 2025 |
| Mar 31, 2025 | $0.45 | Apr 21, 2025 |
| Dec 31, 2024 | $0.37 | Jan 21, 2025 |
Short interest
- Shares sold short
- 4,518,766
- Days to cover
- 5.65
- Change vs previous report
- +9.6%
FINRA short interest, settlement date Sep 15, 2026.