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

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup boosted their price target on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Royal Bank Of Canada raised their price objective on shares of First Industrial Realty Trust from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Raymond James Financial reaffirmed an “outperform” rating and set a $71.00 price objective (down from $86.00) on shares of First Industrial Realty Trust in a research report on Friday. UBS Group set a $71.00 price objective on shares of First Industrial Realty Trust in a research report on Friday. Finally, Weiss Ratings downgraded shares of First Industrial Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 8th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $69.00.

First Industrial Realty Trust Stock Down 1.5%

Shares of FR traded down $0.81 during mid-day trading on Friday, reaching $54.48. The company’s stock had a trading volume of 2,968,690 shares, compared to its average volume of 1,406,724. First Industrial Realty Trust has a 12-month low of $54.20 and a 12-month high of $69.88. The stock has a market cap of $7.22 billion, a PE ratio of 20.25 and a beta of 1.03. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.06 and a quick ratio of 1.44. The company’s 50 day moving average is $60.76 and its 200 day moving average is $62.29.

First Industrial Realty Trust (NYSE:FR) last issued its 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 business 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 12.60% and a net margin of 46.12%. First Industrial Realty Trust’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. Equities analysts anticipate that First Industrial Realty Trust will post 3.16 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, October 19th. Shareholders of record on Wednesday, September 30th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio is currently 72.99%.

First Industrial Realty Trust News Summary

Here are the key news stories impacting First Industrial Realty Trust this week:

• Positive Sentiment: Management raised or reaffirmed a constructive FY 2026 outlook, providing EPS guidance of $3.15–$3.19 versus the $3.17 analyst consensus. The update suggests expected earnings remain broadly on track despite the quarterly shortfall. First Industrial Realty Trust Raises Earnings Guidance
• Positive Sentiment: Third-quarter revenue increased 8.6% year over year to approximately $197.1 million, slightly exceeding expectations. FFO was $0.81 per share, up from $0.76 a year earlier, indicating continued underlying growth. First Industrial Realty Trust Q3 FFO Miss Estimates
• Neutral Sentiment: Raymond James moved its rating to “Outperform.” Although the change represents a downgrade from its prior view, the firm remains bullish on FR’s shares. Raymond James Rating Update
• Negative Sentiment: FFO of $0.81 per share narrowly missed the $0.82 consensus estimate, while reported EPS of $0.44 was well below the $0.82 forecast. The earnings miss is weighing on sentiment despite the revenue beat. First Industrial Realty Trust Third-Quarter Results
• Negative Sentiment: Investors remain concerned about the pace and visibility of future development activity, raising questions about the company’s growth pipeline. Those concerns appear to be offsetting the benefits of the higher full-year guidance. First Industrial Realty Trust Stock Price Falls as Q3 Results Raise Pipeline Questions

About First Industrial Realty Trust

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.