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

First Industrial Realty Trust (NYSE:FR) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 3.120-3.200 for the period, compared to the consensus estimate of 3.140. The company issued revenue guidance of -.

Analyst Ratings Changes

FR has been the subject of several research analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $65.00 target price on shares of First Industrial Realty Trust in a research note on Monday, April 27th. Barclays upped their price objective on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Robert W. Baird lifted their price target on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Truist Financial boosted their price objective on First Industrial Realty Trust from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Weiss Ratings raised shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, First Industrial Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $64.29.

First Industrial Realty Trust Price Performance

NYSE:FR opened at $67.76 on Thursday. The company has a market cap of $8.98 billion, a P/E ratio of 26.26 and a beta of 1.05. First Industrial Realty Trust has a 52-week low of $47.38 and a 52-week high of $69.88. The stock’s 50-day simple moving average is $63.24 and its 200 day simple moving average is $61.21. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.04.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.22). First Industrial Realty Trust had a net margin of 45.98% and a return on equity of 12.36%. The firm had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. As a group, sell-side analysts forecast that First Industrial Realty Trust will post 3.14 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Tuesday, June 30th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 30th. First Industrial Realty Trust’s payout ratio is 77.52%.

Institutional Trading of First Industrial Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. raised its stake in First Industrial Realty Trust by 8.0% during the third quarter. Invesco Ltd. now owns 4,343,723 shares of the real estate investment trust’s stock worth $223,571,000 after buying an additional 323,248 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in First Industrial Realty Trust by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,481,082 shares of the real estate investment trust’s stock worth $142,092,000 after buying an additional 72,608 shares during the period. Rush Island Management LP raised its position in shares of First Industrial Realty Trust by 1.3% during the fourth quarter. Rush Island Management LP now owns 2,079,542 shares of the real estate investment trust’s stock worth $119,095,000 after purchasing an additional 25,713 shares during the period. Dimensional Fund Advisors LP raised its holdings in First Industrial Realty Trust by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,985,450 shares of the real estate investment trust’s stock worth $102,191,000 after buying an additional 60,605 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in First Industrial Realty Trust by 491.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust’s stock valued at $89,291,000 after acquiring an additional 1,541,778 shares in the last quarter. Institutional investors own 99.85% of the company’s stock.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.