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 morning. The company provided earnings per share (EPS) guidance of 3.120-3.200 for the period, compared to the consensus earnings per share estimate of 3.140. The company issued revenue guidance of -.

Analyst Ratings Changes

FR has been the subject of a number of research reports. Barclays lifted their target price 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 raised their price target on First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Wells Fargo & Company dropped their target price on First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Finally, Truist Financial raised their target price on First Industrial Realty Trust from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.29.

First Industrial Realty Trust Stock Performance

Shares of FR traded down $0.70 during mid-day trading on Wednesday, reaching $67.76. 1,157,253 shares of the company’s stock traded hands, compared to its average volume of 1,076,386. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.04. The business’s 50-day moving average price is $63.12 and its 200-day moving average price is $61.13. The stock has a market capitalization of $8.98 billion, a P/E ratio of 26.26 and a beta of 1.05. First Industrial Realty Trust has a 12 month low of $47.38 and a 12 month high of $69.88.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.44 by $0.14. The firm had revenue of $194.94 million for the quarter, compared to analysts’ expectations of $195.81 million. First Industrial Realty Trust had a return on equity of 12.36% and a net margin of 45.98%.First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Equities analysts predict that First Industrial Realty Trust will post 3.14 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

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

Institutional Investors Weigh In On First Industrial Realty Trust

Several institutional investors have recently bought and sold shares of FR. Goldman Sachs Group Inc. raised its position in shares of First Industrial Realty Trust by 41.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock worth $45,301,000 after buying an additional 244,562 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of First Industrial Realty Trust by 141.1% in the second quarter. First Trust Advisors LP now owns 86,866 shares of the real estate investment trust’s stock valued at $4,181,000 after acquiring an additional 50,839 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of First Industrial Realty Trust by 4.4% during the second quarter. Baird Financial Group Inc. now owns 55,781 shares of the real estate investment trust’s stock valued at $2,685,000 after acquiring an additional 2,356 shares during the period. Cresset Asset Management LLC bought a new stake in First Industrial Realty Trust during the second quarter worth approximately $275,000. Finally, Cerity Partners LLC raised its holdings in First Industrial Realty Trust by 463.4% during the second quarter. Cerity Partners LLC now owns 63,013 shares of the real estate investment trust’s stock worth $3,033,000 after purchasing an additional 51,828 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Company Profile

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.