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First Industrial Realty Trust, Inc. FR | NYSE

$58.41 -$0.39 | -0.66%
TREND SIGNAL:Signal available — unlock to view |2026-08-05

Next Earnings: Oct 21, 2026

Company Overview:

Market Cap: $7.79B
Trailing PE: 21.3x
FWD PE *: 32.7x
Payout Ratio (TTM): 65.2%
52-Week Range: $52.28 - $69.88

* Forward PE is based on street estimates.

10 Year FR Performance Metrics:

Total Return (with DRIP): 185.9% (11.08% CAGR)
Total Return (no DRIP): 163.8% (10.19% CAGR)
Share Price: 120.2% (8.22% CAGR)
Yield on Cost (with DRIP): 9.79%
Total Invested: $10,000
Total Value (with DRIP): $28,594
Total Return $ (with DRIP): $18,594
Dividend Increase: 163.2% (10.43% CAGR)
Dividend Yield (FWD): 3.42% ($2.00)
FR 10-yr Total Return ($10K invested)
1M 3M 6M YTD 1Y 3Y 5Y 10Y
FR Share Price
1M 3M 6M YTD 1Y 3Y 5Y 10Y All
FR Price CAGR:1Y: 8.83%2Y: 2.90%5Y: 0.62%10Y: 8.22%
FR Dividend Charts
FR - Dividends
FR Dividend CAGR:1Y: 12.36%2Y: 16.25%5Y: 13.12%10Y: 10.16%
FR - Dividend Payout Ratio
FR Dividend Payout Ratio CAGR:1Y: -19.36%2Y: -4.89%5Y: 5.21%10Y: 7.25%
FR - Dividend to Free Cash Flow Ratio
FR Dividend to FCF Ratio CAGR:1Y: 24.73%2Y: -12.21%5Y: -23.91%10Y: 2.56%

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FR Financials: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:

FR - Revenue
FR Revenue CAGR:1Y: 8.41%2Y: 8.98%5Y: 10.67%10Y: 7.68%
FR - Earnings Per Share (EPS)
FR EPS CAGR:1Y: 38.10%2Y: 21.95%5Y: 7.71%10Y: 3.04%
FR - Net Income
FR Net Income CAGR:1Y: 44.51%2Y: 24.62%5Y: 8.97%10Y: 4.76%
FR - EBITDA
FR EBITDA CAGR:1Y: 8.47%2Y: 10.86%5Y: 12.36%10Y: 8.53%
FR - Free Cash Flow
FR Free Cash Flow CAGR:1Y: -9.61%2Y: 32.80%5Y: 49.69%10Y: 9.19%
FR - Free Cash Flow / Share
FR Free Cash Flow / Share CAGR:1Y: -58.00%2Y: -9.50%5Y: 27.76%10Y: -0.18%
FR - Operating Income
FR Operating Income CAGR:1Y: 54.15%2Y: 13.66%5Y: 14.46%10Y: 10.99%
FR - Gross Profit
FR Gross Profit CAGR:1Y: 9.48%2Y: 37.57%5Y: 0.00%10Y: 0.00%
FR - Shares Outstanding
FR Shares Outstanding CAGR:1Y: 0.14%2Y: 0.10%5Y: 0.53%10Y: 1.30%
FR - Share Buybacks
FR Share Buybacks CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
FR - Stock-Based Comp
FR Stock-Based Comp CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
FR - Expenses
FR Expenses CAGR:1Y: 0.00%2Y: 18.97%5Y: -0.29%10Y: 0.00%

Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:

FR - REVENUE: Actual + Estimates
FR Actual Revenue CAGR:1Y: 8.41%2Y: 8.98%5Y: 10.67%10Y: 7.68%
FR - EPS: Actual + Estimates
FR Actual EPS CAGR:1Y: 38.10%2Y: 21.95%5Y: 7.71%10Y: 3.04%
FR - NET INCOME: Actual + Estimates
FR Actual Net Income CAGR:1Y: 44.51%2Y: 24.62%5Y: 8.97%10Y: 4.76%
FR - EBITDA: Actual + Estimates
FR Actual EBITDA CAGR:1Y: 8.47%2Y: 10.86%5Y: 12.36%10Y: 8.53%

Ratios, Profit Margins & Return on Capital:

FR - Net Profit Margin
FR Net Profit Margin CAGR:1Y: 28.95%2Y: 12.46%5Y: -2.19%10Y: -3.03%
FR - Gross Profit Margin
FR Gross Profit Margin CAGR:1Y: 0.86%2Y: 26.15%5Y: 0.63%10Y: 0.57%
FR - Price to Earnings
FR Price to Earnings CAGR:1Y: -7.76%2Y: -6.75%5Y: -4.05%10Y: 5.05%
FR - Price To Sales Ratio
FR Price To Sales Ratio CAGR:1Y: 17.52%2Y: 4.69%5Y: -6.22%10Y: 1.83%
FR - Return on Capital Employed
FR Return on Capital Employed CAGR:1Y: 40.00%2Y: 4.74%5Y: 5.65%10Y: 2.53%
FR - Return on Invested Capital
FR Return on Invested Capital CAGR:1Y: 48.73%2Y: 5.16%5Y: 6.11%10Y: 2.77%

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FR Dividends Info:

Annual Dividend: $2
Forward Yield: 3.42%
Ex-Dividend Date: 2026-09-30
Lifetime Dividends / Share: $49.64

FR Dividend History: Dates, Payments & Yield list

Below is a schedule of all FR dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield

Ex-Date Payment Date Amount Yield Forward Yield Price on Ex-Date
09/30/202610/19/2026$0.5003.36%3.36%$59.46
06/30/202607/20/2026$0.5003.26%2.93%$68.20
03/31/202604/20/2026$0.5003.46%3.11%$64.40
12/31/202501/20/2026$0.4453.11%3.03%$58.84
09/30/202510/20/2025$0.4453.46%3.18%$56.05
06/30/202507/21/2025$0.4453.7%3.57%$49.87
03/31/202504/21/2025$0.4453.3%3.92%$45.46
12/31/202401/21/2025$0.3702.95%2.78%$53.20
09/30/202410/21/2024$0.3702.64%2.71%$54.55
06/28/202407/15/2024$0.3703.12%2.9%$51.08
03/27/202404/15/2024$0.3702.84%2.93%$50.57
12/28/202301/16/2024$0.3202.4%2.4%$53.27
09/28/202310/16/2023$0.3202.69%2.81%$45.51
06/29/202307/17/2023$0.3202.45%2.35%$54.51
03/30/202304/17/2023$0.3202.46%2.49%$51.38
12/29/202201/17/2023$0.2952.42%2.3%$51.27
09/29/202210/17/2022$0.2952.67%2.58%$45.68
06/29/202207/18/2022$0.2952.47%2.52%$46.89
03/30/202204/18/2022$0.2951.88%1.92%$61.59
12/30/202101/18/2022$0.2701.64%1.75%$61.84
09/29/202110/18/2021$0.2702.05%1.89%$57.08
06/29/202107/19/2021$0.2702.05%2.01%$53.86
03/30/202104/19/2021$0.2702.32%2.21%$48.93
12/30/202001/19/2021$0.2502.4%2.43%$41.14
09/29/202010/19/2020$0.2502.48%2.43%$41.16
06/29/202007/20/2020$0.2502.64%2.56%$39.04
03/30/202004/20/2020$0.2502.97%2.87%$34.82
12/30/201901/21/2020$0.2302.23%2.13%$43.17
09/27/201910/21/2019$0.2302.32%2.27%$40.46
06/27/201907/15/2019$0.2302.55%2.48%$37.16
03/28/201904/15/2019$0.2302.59%2.59%$35.55
12/28/201801/22/2019$0.2183.07%2.77%$31.36
09/27/201810/15/2018$0.2182.83%2.92%$29.82
06/28/201807/16/2018$0.2182.6%2.62%$33.16
03/28/201804/16/2018$0.2182.97%2.98%$29.22
12/28/201701/16/2018$0.2102.67%2.8%$30.05
09/28/201710/16/2017$0.2102.78%2.71%$31.02
06/28/201707/17/2017$0.2102.92%2.87%$29.24
03/29/201704/17/2017$0.2103.22%2.98%$28.16
12/28/201601/17/2017$0.1902.78%2.74%$27.73
09/28/201610/17/2016$0.1902.64%2.85%$26.62
06/28/201607/18/2016$0.1902.83%2.69%$28.28
03/29/201604/18/2016$0.1903.31%3.34%$22.77
12/29/201501/19/2016$0.1282.27%2.56%$19.89
09/28/201510/19/2015$0.1282.47%2.29%$22.24
06/26/201507/20/2015$0.1282.65%2.55%$20.01
03/27/201504/20/2015$0.1282.44%2.5%$20.36
12/29/201401/20/2015$0.1021.93%1.9%$21.51
09/26/201410/20/2014$0.1032.37%2.26%$18.14
06/26/201407/21/2014$0.1032.19%2.17%$18.90
03/27/201404/21/2014$0.1032.16%2.13%$19.22
12/27/201301/21/2014$0.0851.96%1.95%$17.40
09/26/201310/21/2013$0.0852.06%1.85%$18.37
06/26/201307/15/2013$0.0852.27%2.03%$16.76
03/26/201304/15/2013$0.0852.02%2.05%$16.55
12/29/200801/21/2009$0.25014.41%16.08%$6.22
09/26/200810/20/2008$0.7209.86%22.82%$12.62
06/26/200807/21/2008$0.72010.14%10.56%$27.26
03/27/200804/21/2008$0.7209.21%9.35%$30.81
12/27/200701/22/2008$0.7208.16%8.87%$32.47
09/26/200710/15/2007$0.7107.13%7.17%$39.62
06/27/200707/16/2007$0.7107.27%7.02%$40.48
03/28/200704/16/2007$0.7106.37%6.35%$44.69
12/27/200601/22/2007$0.7106.08%6.08%$46.70
09/27/200610/17/2006$0.7006.36%6.05%$46.26
06/28/200607/17/2006$0.7007.61%7.47%$37.50
03/29/200604/17/2006$0.7006.51%7.07%$39.63
12/28/200501/23/2006$0.7007.17%7.23%$38.72
09/28/200510/17/2005$0.6957.13%6.99%$39.77
06/28/200507/18/2005$0.6956.95%6.94%$40.04
03/29/200504/18/2005$0.6957.3%7.39%$37.62
12/29/200401/24/2005$0.6956.81%7.1%$39.13
09/28/200410/18/2004$0.6857.26%7.1%$38.57
06/28/200407/19/2004$0.6857.34%7.32%$37.45
03/29/200404/19/2004$0.6857.05%7.57%$36.20
12/29/200301/19/2004$0.6857.94%8.12%$33.76
09/26/200310/20/2003$0.6858.64%8.23%$33.30
06/26/200307/21/2003$0.6858.68%9.24%$29.65
03/27/200304/21/2003$0.6859.71%9.18%$29.85
12/27/200201/27/2003$0.6859.89%10.3%$26.60
09/26/200210/21/2002$0.6808.66%9.34%$29.13
06/26/200207/22/2002$0.6808.1%9.14%$29.75
03/26/200204/22/2002$0.6808%7.96%$34.15
12/27/200101/21/2002$0.6808.58%8.88%$30.62
09/26/200110/22/2001$0.6589.25%9.2%$28.59
06/27/200107/23/2001$0.6588.3%8.21%$32.05
03/28/200104/23/2001$0.6588.39%8.74%$30.09
12/27/200001/22/2001$0.6587.62%7.94%$33.13
09/27/200010/23/2000$0.6208.07%8.16%$30.38
06/28/200007/17/2000$0.6208.13%8.2%$30.25
03/29/200004/17/2000$0.6209.23%8.94%$27.75
12/29/199901/24/2000$0.6208.9%9.14%$27.13
09/28/199910/18/1999$0.6009.87%10.16%$23.63
06/28/199907/19/1999$0.6008.73%8.87%$27.06
03/29/199904/19/1999$0.60010.24%8.97%$26.75
12/29/199801/18/1999$0.6009.3%8.97%$26.75
09/28/199810/19/1998$0.5307.94%8.4%$25.25
06/26/199807/20/1998$0.5306.85%6.76%$31.38
03/27/199804/20/1998$0.5305.97%6.36%$33.31
12/29/199701/20/1998$0.5305.91%5.62%$37.69
09/26/199710/20/1997$0.5056.18%6.12%$33.00
06/26/199707/21/1997$0.5056.88%6.86%$29.44
03/26/199704/21/1997$0.5056.26%6.59%$30.63
12/27/199601/20/1997$0.5056.54%6.54%$30.88
09/25/199610/21/1996$0.4867.81%7.58%$25.63
06/26/199607/22/1996$0.4878.29%8.51%$22.88
03/27/199604/22/1996$0.4788.27%8.5%$22.50
12/27/199501/22/1996$0.4788.69%8.5%$22.50
09/27/199510/16/1995$0.4729.56%9.56%$19.75
06/28/199507/17/1995$0.4729.68%9.32%$20.25
03/27/199504/13/1995$0.47210%10.64%$17.75
12/23/199401/13/1995$0.4729.81%10.35%$18.25
09/26/199410/14/1994$0.4729.15%8.99%$21.00

Projected Future Returns & Dividends for FR

Based on past 10-year performance, here are FR growth metrics:

Share price CAGR of +8.22%
Dividend CAGR of +10.16%

Using FR CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:

FR (DRIP)FR - No DRIP
Current Price$58.41$58.41
Start Shares171.20171.20
Start Value$10,000$10,000
  
After 10 years:
Final Share Count247.79171.20
Dividends Payment$1.32$1.32
Annual Dividends$1,304$901
Yield on cost13.04%9.01%
Share Price$128.65$128.65
Total Dividends$6,779$5,499
Final Value$31,878$27,524

Estimated Future Value + Dividends - FR

NOTE: Above numbers are our estimate based on FR's Dividend and Price CAGR over past 10 years. These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.

We cannot guarantee that your actual returns will meet these estimates.

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Company Info

First Industrial Realty Trust, Inc. (FR) had its IPO on 1994-06-23, and is traded on NYSE stock exchange.

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 71.6 million square feet of industrial space concentrated in 15 target MSAs as of December 31, 2025. First Industrial Realty Trust, Inc. was incorporated in 1993 in Maryland, USA,

FR website: https://www.firstindustrial.com


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DCF Model — FR

Value from:
Pay up to today
—
vs current price $58.41
—
Cash flow & implied price by year

FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.

EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.

Free cash flow today
—
grows for the next years
Then mature
—
every future dollar counted back to today
Pile of today-dollars
—
÷ shares
Implied price path
YearFCFImplied price
Sensitivity — fair value: growth ↓ × target return →