First Industrial Realty Trust (NYSE:FR) Issues FY 2026 Earnings Guidance

First Industrial Realty Trust (NYSE:FR) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 3.150-3.190 for the period, compared to the consensus EPS estimate of 3.170.

Analyst Ratings Changes

Several research firms have weighed in on FR. Citigroup boosted their price target on First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. UBS Group set a $71.00 target price on First Industrial Realty Trust in a report on Friday. Truist Financial lifted their target price on First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Robert W. Baird increased their price target on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of First Industrial Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 8th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

First Industrial Realty Trust Stock Performance

NYSE FR traded down $0.52 on Friday, reaching $54.77. 269,194 shares of the company’s stock traded hands, compared to its average volume of 1,075,799. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 19.89 and a beta of 1.03. The stock has a 50 day moving average price of $60.93 and a 200-day moving average price of $62.34. First Industrial Realty Trust has a fifty-two week low of $54.23 and a fifty-two week high of $69.88. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.38). The company had revenue of $197.12 million for the quarter, compared to analyst estimates of $196.41 million. First Industrial Realty Trust had a return on equity of 12.65% and a net margin of 46.12%. First Industrial Realty Trust’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. Equities research analysts predict that First Industrial Realty Trust will post 3.17 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 19th. Investors of record on Wednesday, September 30th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 72.99%.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a real estate investment trust focused on the ownership, management, acquisition, development and redevelopment of industrial properties in the United States. Its portfolio primarily serves businesses that require space for distribution, warehousing, manufacturing, light industrial operations and other logistics-related activities.

The company leases its properties to a diverse group of tenants, including retailers, manufacturers, logistics providers and third-party distribution companies.