First Industrial Realty Trust (FR) & Its Peers Head-To-Head Review

First Industrial Realty Trust (NYSE:FR) is one of 50 public companies in the “Industrial REITs” industry, but how does it contrast to its competitors? We will compare First Industrial Realty Trust to similar businesses based on the strength of its analyst recommendations, risk, institutional ownership, profitability, valuation, dividends and earnings.

Earnings & Valuation

This table compares First Industrial Realty Trust and its competitors gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
First Industrial Realty Trust	$727.08 million	$247.44 million	20.14
First Industrial Realty Trust Competitors	$999.80 million	$263.98 million	53.97

First Industrial Realty Trust’s competitors have higher revenue and earnings than First Industrial Realty Trust. First Industrial Realty Trust is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares First Industrial Realty Trust and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
First Industrial Realty Trust	46.12%	12.60%	6.19%
First Industrial Realty Trust Competitors	37.13%	4.73%	2.33%

Insider and Institutional Ownership

99.8% of First Industrial Realty Trust shares are held by institutional investors. Comparatively, 61.7% of shares of all “Industrial REITs” companies are held by institutional investors. 1.1% of First Industrial Realty Trust shares are held by insiders. Comparatively, 5.6% of shares of all “Industrial REITs” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Dividends

First Industrial Realty Trust pays an annual dividend of $2.00 per share and has a dividend yield of 3.7%. First Industrial Realty Trust pays out 74.3% of its earnings in the form of a dividend. As a group, “Industrial REITs” companies pay a dividend yield of 4.5% and pay out 104.3% of their earnings in the form of a dividend. First Industrial Realty Trust has raised its dividend for 12 consecutive years.

Risk & Volatility

First Industrial Realty Trust has a beta of 1.01, suggesting that its share price is 1% more volatile than the S&P 500. Comparatively, First Industrial Realty Trust’s competitors have a beta of 1.04, suggesting that their average share price is 4% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent recommendations for First Industrial Realty Trust and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
First Industrial Realty Trust	0	8	7	0	2.47
First Industrial Realty Trust Competitors	417	2301	2548	75	2.43

First Industrial Realty Trust currently has a consensus target price of $64.93, suggesting a potential upside of 19.84%. As a group, “Industrial REITs” companies have a potential upside of 45.70%. Given First Industrial Realty Trust’s competitors higher probable upside, analysts clearly believe First Industrial Realty Trust has less favorable growth aspects than its competitors.

Summary

First Industrial Realty Trust competitors beat First Industrial Realty Trust on 9 of the 15 factors compared.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc. (NYSE: FR) 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. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 68.5 million square feet of industrial space as of December 31, 2023.